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Newcastle Shareholders Approve Return of Capital Distribution

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Tickers: XTSX:NGY.H, XTSX:NGY.P, PINX:DRKOF
Tags: Oil & Gas

Vancouver, BC / TheNewswire / January 12, 2017 - Newcastle Energy Corp. (the "Company") Board of Directors, and its shareholders, have approved a return of capital distribution of $0.50 per share. Shareholders of record on the record date will be entitled to receive this distribution.

The TSX Venture Exchange has determined to implement a due bill trading process in connection with this distribution. A due bill is an entitlement attached to listed securities undergoing a material corporate action, such as a material return of capital. In this instance, with a record date set of January 19, 2017, anyone purchasing a common share during the period commencing at the opening of business January 17, 2017 (the due bill commencement date) and ending on the payment date of January 26, 2017, inclusive, will receive a payable right. Any trades that are executed during the due bill period will be flagged to ensure purchasers receive the entitlement to the $0.50 capital return payment. The common shares will commence trading on an ex-distribution basis on January 27, 2017. The due bill redemption date will be January 31, 2017.

Non-registered shareholders do not need to take any action. Newcastle will use the direct registration system (DRS) to electronically register the due bill payments pursuant to the return of capital payment. Computershare Investor Services Inc., Newcastle's registrar and transfer agent, will advance monies to CDS, who will disseminate those funds to their CDS participants for distribution to their beneficial holders of Newcastle shares.

Registered shareholders, however, take note that the Company was incorporated in 1981. Since incorporation, the Company has undergone several corporate reorganizations involving share consolidations and name changes. A partial list of former names of the Company include Cove Energy Corporation, Cove Resources Corporation, Derek Resources Corporation and Derek Oil and Gas Corporation. If a shareholder holds certificates representing shares issued under any of the former names of the Company, you must, in order to be eligible to receive a proportionate share of the distribution, deliver these certificates (with appropriate supporting documentation) to Computershare Investor Services Inc. for exchange into the corresponding number of Common Shares of the Company under its current name (Newcastle Energy Corp.) For greater certainty, only holders of common shares of Newcastle Energy Corp. will be eligible to receive a portion of the distribution.

The return of capital is not expected to be a taxable event for Canadian tax purposes. Shareholders are advised to contact their tax advisers for further information.

ON BEHALF OF THE BOARD

Mr. Greg Amor,

CEO, Director

Newcastle Energy Corp.

Forward Looking Statements: This news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Forward-looking statements in this release include statements regarding the timing and completion of the Distribution and the tax consequences to each shareholder resulting from the Distribution. Factors that could cause such differences include: the Distribution may not be approved by the shareholders or the securities regulators; or that the Board may, in its discretion, decide not to proceed with the Distribution for any reason whatsoever. 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, the timely receipt of any required regulatory approvals. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

For further information please contact Newcastle Energy Corp. at:

T: (604) 331-1757

F: (604) 669-5193

E-Mail: robin@newcastlenergy.com

Copyright (c) 2017 TheNewswire - All rights reserved.


Lithium Energy Products Commences Exploration at Jackpot Lake Lithium Project, Nevada

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Tickers: XTSX:LEP, FRAA:N8I
Tags: Mining



Vancouver, British Columbia, Canada / TheNewswire / January 13, 2017 - LITHIUM ENERGY PRODUCTS LTD. ("Lithium Energy Products" or the"Company") (TSX-V: LEP) (FRANKFURT: N8I) today announced that it has commenced exploration at its 100% owned Jackpot Lake property in Nevada on 9th of January.

Initial activities will include geological mapping and prospecting, followed by soil samples, auger samples and brine samples.

Basil Botha, Chairman of Lithium Energy Products, said "This initial work is a critical first step to building on the previous work conducted by USGS on the property. We are fortunate that this is a closed system with no outlet and we own 100% of the property. We are optimistic that this initial field work will give us a clear indication of the scope of the opportunity."

The Company will be conducting bench tests to determine metallurgy and options for potential extraction methodologies on the samples and brines that will be taken on this program.

Concurrent with this fieldwork, the company continues to evaluate opportunities for acquisitions of energy metals properties. The company is investigating the acquisition of further lithium properties in the lithium triangle in South America and cobalt properties in North America and Africa.

About Lithium Energy Products Ltd.

Lithium Energy Products has 3 highly prospective lithium properties in Nevada and Arizona.

Jackpot Lake -Moapa Valley, Nevada

-100% owned - 2800 acres - 140 claims

-35 km NE of Las Vegas

-1976 USGS completed 129 core samples; highest Lithium value was 550 ppm, average 175 ppm

-Spectrographic and atomic-absorption analyses of 135 stream sediment

samples confirmed potential for lithium mineral deposits.

Wilcox Playa -Arizona

-1400 acres on shore of Wilcox Playa - Dry lake bed

-In 1976 USGS identified this area as one of the most prospective locations for lithium brines and highly analogous to Clayton Valley

-USGS has identified a 22 sq. mile anomaly with high electrical conductivity, interpreted as subsurface brine field with no hydrological outlet.

Little Rock Lithium Target - Yavapai County - Arizona

-High grade, lithium rich lacustrine clay identified.

-Target is 2500 metres along strike of basin bounding fault, 300 m perpendicular to the fault and 20 m thick

-Strongly clay-altered rhyolite tuff yielded highly anomalous lithium content of 172 ppm.

-Clayton Valley sediments assay between 73 and 220 ppm Lithium

-Hectorite clays from the same late Miocene lacustrine and volcanic strata 40 km east of the target area carry over 2,700 ppm Lithium

-Identified via electromagnetic survey in 2007

-Large, highly electrically conductive body

-Clay-altered rhyolite tuff.

Paul Sarjeant, P.Geo., is a qualified person as defined by NI 43-101 and has reviewed and approved the technical contents of this news release. Mr. Sarjeant is not independent to the Company as he is a director. The property has not been the subject of a NI 43-101 report.

The company is also the owner of five iron (magnetite) properties in the Red Lake District in the Province of Ontario. The Red Lake District is an established mining region where Lithium Energy Products has two near term development projects, the past producing Griffith mine and the Karas property.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.


For further information, please contact:
James Walker

CEO

Lithium Energy Products Ltd.

Tel: 604-566-8570

Fax: 604-602-9868

Email: jwalker@lithiumenergyproducts.com

Website: www.LithiumEnergyProducts.com

For up to the minute news, industry analysis and feedback follow us on Facebook, Twitter, LinkedIn and YouTube.

Copyright (c) 2017 TheNewswire - All rights reserved.

Open Source Health Announces Closing of Private Placement

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Tickers: XCNQ:OSH
Tags: Heathcare

Toronto, Ontario, Canada / TheNewswire / January 13, 2017: Open Source Health Inc. (CSE:OSH), (Frankfurt:0OS), a cloud based precision medicine platform that puts control into the hands of women to educate, advocate and collaborate on their own healthcare is pleased to announce that it has completed a private placement with the Company's CEO, Sonya Satveit, through the issuance of 1,000,000 units (the "Units") of the Company at a price of $0.05 per Unit for gross proceeds of $50,000 (the "Offering"). Each Unit is comprised of one common share (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to acquire one additional Common Share (a "Warrant Share") of the Company for a period of thirty-six (36) months from the date of closing of the Offering at an exercise price of $0.15 per Warrant Share.

All securities issued under the Offering are subject to a four month and one day statutory hold period until May 12, 2017 pursuant to applicable securities laws.

The participation by Ms. Satveit in the Offering constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 ("MI 61-101"). The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Offering by insiders does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Offering, which the Company deems reasonable in the circumstances so as to be able to avail itself of the proceeds of the Offering in an expeditious manner.

Following completion of the Offering, Ms. Satveit now owns 3,145,753 Common Shares, 4,571,320 common share purchase warrants and options to purchase 87,500 common shares of the Company, representing approximately 23.32% of the issued and outstanding Common Shares of the Company. If Ms. Satveit were to exercise all of her convertible securities she would own 7,804,573 Common Shares, representing approximately 42.99% of the Company's then outstanding Common Shares, on a partially diluted basis. The securities were acquired by Ms. Satveit for investment purposes. Ms. Satveit has a long-term view of the investment and may, depending on market and other conditions, or as future circumstances may dictate, from time to time, on an individual or joint basis, increase or dispose of some or all of the existing or additional securities he holds or will hold, or may continue to hold his current position. Depending on market conditions, general economic and industry conditions, the Company's business and financial condition and/or other relevant factors, Ms. Satveit may develop such plans or intentions in the future. A copy the early warning report in respect of this transaction will be available on the Company's issuer profile on SEDAR at www.sedar.com, or by contacting the Company at the contact information set out below.

About Open Source Health Inc.:

Open Source Health takes a truly patient-centered approach and is in the business of providing a cloud based, real-time precision medicine platform to Clinics and Practices that focus on Women's Health. Open Source Health Inc. is leading the digital transformation of healthcare by leveraging the latest trends in digital health, precision medicine, molecular medicine, integrated and personalized health, social health and participatory medicine. This is medicine for the 21st century.

For more information, visit www.opensourcehealth.com

Contact:

For further information, please contact Investor Relations at Open Source Health Inc.
Toll Free: 1.866.403.1933 in North America

International Calling: +01.647.872.9986
http://www.opensourcehealth.com/contact-new/

Forward Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Open Source Health Inc. ("OSH"), including, but not limited to, the impact of general economic conditions, industry conditions and the uncertainty of obtaining additional financing. 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 forward-looking statements. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release, and OSH does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.

Copyright (c) 2017 TheNewswire - All rights reserved.

HPQ Silicon Receives Beauce Gold Property 43-101 Report In Preparation For Spin Out And Dividend In Q1

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Tickers: XTSX:HPQ
Tags: Mining

January 13, 2017 / TheNewswire / Montreal, Quebec, Canada HPQ Silicon Resources Inc ("HPQ") (TSX Venture: HPQ) is pleased to update shareholders regarding the status of its gold asset spinoff, as well as, announcing it has received the required 43-101 Technical report for the Beauce Gold property, a prerequisite of the listing documentation for the planned spin-out of the company's gold assets.

UPDATE - SPIN OUT AND DIVIDEND OF BEAUCE GOLD FIELDS EXPECTED BY MARCH 31, 2017

On March 11, 2016, the company announced its plans to spin out its gold projects and issue a dividend to shareholders. The purpose of the spinout is to segregate the company's valuable but diverse holdings to unlock even greater value for shareholders.

The Company will transfer all of its gold assets into a newly formed subsidiary called Beauce Gold Fields Inc./Les Champs d'Or de Beauce Inc., then dividend out 80% of the Capital of the subsidiary to its shareholders.

In order for the final transfer of Beauce from HPQ, the following steps have been taken:

1. An independent board of directors of the subsidiary Beauce Gold Fields Inc./Les Champs d'Or de Beauce Inc is in the process of being named. The new Board will be able to approve gold property transactions between Beauce and HPQ.

2. The Company has completed the required Listing Statement and prescribed documentation that will be submitted to the Canadian Securities Exchange (CSE) to be eligible for listing on the Exchange.

3. The completion of a new 43-101 on Beauce for the purposes of designating it the Property Of Merit for the new company.

HPQ-Silicon is aiming to have the spinoff completed and dividend shares of the new subsidiary delivered to shareholders during Q1 2017.

Bernard Tourillon, chairman and chief executive officer of HPQ Silicon stated: "We are very excited that the spin-out is nearing completion. We have seen a resurgence in the values of high quality gold projects and, given the fact the Beauce Gold project holds the largest historical placer gold deposit in eastern North America, we believe an independently traded Beauce Gold Fields will unlock meaningful value for our shareholders. Moreover, a singularly focused HPQ will provide an optimal environment to complete our goal of becoming the lowest cost producer of solar grade silicon metal on the planet."

Beauce Gold 43-101 Technical Report

As part of the listing application documentation, the preparation and filing of a new 43-101 Qualification Technical report on the Beauce Gold property was required for it to become the Property Of Merit to Beauce Gold Fields.

The Company has received a 43-101 Technical report on the Beauce Gold property by Mr. Benoit Violette, P.Geo. Mr. Violette competed a full overview of the geology and of all historical and current exploration work. He concludes that in addition to the residual-alluvial mining potential for which the property is advanced in the permitting process, the Beauce Gold Project is a property of merit with a significant potential for the discovery of primary gold mineralization related to the source of the alluvial-residual deposits of the Gilbert River drainage. In the past, because of the relative ease of accessibility of the gold in this environment and the inexperience of the successive owners and operators with hard rock mining, this potential has been neglected. Further exploration is recommended to be carried-out by Beauce Gold Field Inc.

About The Beauce Gold Property

The Beauce Gold Project is a unique, historically prolific gold field located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of claims 100% owned by HPQ Silicon, the project area hosts a six (6) km long unconsolidated gold bearing sedimentary units (a lower saprolite and an upper brown diamictite) holding the largest historical placer gold deposit in eastern North America. The gold in saprolite indicates a close proximity to a bedrock source of gold providing significant potential for further exploration discoveries.

Property Highlights

  • -Certificate of authorizations (CA) allowing the start of first phase mining activities on the Rang Chaussegros sector of the Beauce Gold project

    -Polygonally calculated Gold Exploration Target, for the entire historical placer channel ranging between 61,000 ounces (2,200,000 m3 @ 0.87 g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3)

    -Significant potential for further exploration discoveries, geology suggest a proximate bedrock source of gold.

    -176 acres of real estate 100% owned by HPQ Silicon

    -Property held four historical gold mining operations

    -Property produced the largest gold nuggets in Canadian mining history (St-Onge Nugget 43 oz, McDonald Nugget 45 oz, Kilgour Nugget 51 oz)

For further information contact

Bernard J. Tourillon, Chairman and CEO Tel (514) 907-1011
Patrick Levasseur, President and COO Tel: (514) 262-9239
www.HPQSilicon.com

Neither the 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.

This press release contains certain forward-looking statements, including, without limitation, statements containing the words "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "in the process" and other similar expressions which constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements reflect the Company's current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company's on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

Copyright (c) 2017 TheNewswire - All rights reserved.

Director Dealing

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Tickers: XTSX:ZEE
Tags: Oil & Gas

13 January 2017 / TheNewswire - Zenith Energy Ltd. (ZEN.LN and ZEE on TSX-V) announces that, on 11 January 2017, Andrea Cattaneo, Chief Executive Officer of the Company, purchased 100,000 common shares of no par value in the Company ("Common Shares") at a price of ?0.08 per Common Share.

Following this transaction, Mr Cattaneo now holds 1,547,485 Common Shares representing 1.57 per cent. of the Common Shares in issue.

For further information please contact:-

Zenith Energy

www.zenithenergy.ca

Andrea Cattaneo, CEO

Jose Ramon Lopez-Portillo, Chairman

info@zenithenergy.ca

Tel: +1 (587) 3159021

Tel: +44 2078673921

Copyright (c) 2017 TheNewswire - All rights reserved.

Decisive Dividend Corporation Announces February 2017 Dividend

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Tickers: XTSX:DE, XTSX:DE.P
Tags: Technology, Finance

January 13, 2017 / TheNewswire / Kelowna, British Columbia:Decisive Dividend Corporation (TSX-V: DE) (the "Corporation") announced today that, in accordance with its current monthly dividend policy, the directors of the Corporation have declared a dividend of $0.025 per common share for the month of February, 2017. The dividend is payable on February 15, 2017 to the shareholders of record at the close of business on January 31, 2017. This dividend is designated as an "eligible" dividend under the Income Tax Act (Canada) and any corresponding provincial legislation ("Tax Legislation").

About Decisive Dividend Corporation

Decisive Dividend Corporation is an acquisition-oriented company, focusing on the manufacturing sector. The Corporation uses a disciplined acquisition strategy to identify already profitable, established companies that have strong management teams, generate steady cash flow, operate in non-cyclical markets, and have opportunity for future growth.

Neither the 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 the contents of this News Release.

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. David Redekop, Director and Chief Financial Officer

#104, 1420 St. Paul Street

Kelowna, BC V1Y 2E6

Telephone: (250) 870-9146

Cautionary Statements

This press release contains forward-looking statements. These statements relate to the monthly dividend policy adopted by the directors of the Corporation. The declaration and payment of dividends are subject to solvency tests under applicable corporate law. There can be no assurance that the directors of the Corporation will declare any dividends in the future or, if dividends are declared, there can be no assurance as to the frequency or amount of such dividends. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

Copyright (c) 2017 TheNewswire - All rights reserved.

Knick Buys Back Half of the Royalty Held On Its East-West Gold Property

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Tickers: XTSX:KNX
Tags: Mining

Val d'Or, Quebec, Canada / TheNewswire / January 13, 2017 - Knick Exploration Inc. (TSXV: KNX) ("Knick") is pleased to announce that it has entered into an agreement to buy back half of the existing royalty held on its East-West gold property.

Pursuant to such agreement, Knick will pay to the royalty holder an amount of $50,000 and issue 5,000,000 common shares. Following the closing of the transaction, which is conditional to and upon the approval of the TSX Venture Exchange, there shall only remain a royalty of 1.75% NSR on the East-West gold Property. This remaining 1.75% royalty can be bought back by Knick at any time.

The acquisition of half the NSR royalty by Knick increases the East-West property's potential as a forward moving project and is deemed advantageous to the company's investors.

Knick's 100% owned East-West property is located in the Val d'Or-Malartic mining camp of Quebec, Canada. Its neighbours on strike to the east and west respectively are, Wesdome Gold Mines Ltd. (TSX: WDO) Kiena Mine and Osisko Mining Inc. (TSX: OSK) Marban Mine. The property is bound to the north by claims recentlyacquired by Agnico Eagle Mines Ltd. (TSX: AEM). Adjacent to the south of Knick's ground is the Malartic Goldfields Mine property recently acquired and held jointly by Agnico Eagle Mines Ltd. and Yamana Gold Inc. (TSX: YRI).

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

FOR MORE INFORMATION, CONTACT:

Jacques Brunelle Gordon N. Henriksen

President & CEO Vice President

Knick Exploration Inc. Knick Exploration Inc.

Val-d'Or, Quebec Val-d'Or, Quebec

819-874-5252 819-874-5252

819-856-1387 819-210-1406

Copyright (c) 2017 TheNewswire - All rights reserved.

Amended: Firesteel Resources Closes Oversubscribed Private Placement (Amended)

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Tickers: XTSX:FTR
Tags: Mining

Vancouver, BC / TheNewswire / January 13th 2017 - FIRESTEEL RESOURCES INC. (TSX-V: FTR)("Firesteel" or the "Company") announces that through inadvertence, its News Release disseminated on January 11, 2017 was incomplete. The Company retracts its January 11, 2017, News Release and replaces it with the following:

FIRESTEEL RESOURCES INC. (TSX-V: FTR) ("Firesteel" or the "Company") today announced that it has closed the non-brokered private placement announced on 12th December 2016 (the "Offering") for gross proceeds of $500,000, as well as the oversubscription of $10,500 for total gross proceeds of $510,500.

The Company issued 10,210,000 units at a price of $0.05 per unit (the "Purchase Price") for gross proceeds of $510,500.00. Each Unit was comprised of one common share of the Company (each "Common Share") and one half of one common share purchase warrant of the Company (each whole warrant "Warrant"). Each whole Warrant entitles the holder thereof to purchase one Common Share for a period of two (2) years after the closing date of the offering at a price of $0.15 per share. Insiders took up 25% of the Offering.

Also at the closing of the Offering, the Company issued to Canaccord Genuity Corp. a cash finder's fee of $25,320 representing 8% of the gross proceeds received by the Company from certain subscribers and 633,000 finder's Warrants ("Finder's Warrant"), each Finder's Warrant entitles the holder thereof to purchase one Common Share for a period of two (2) years after the closing date of the offering at a price of $0.15 per share, representing 10% of the gross proceeds received by the Company from certain subscribers.

The Company will use the net proceeds from the private placement for working capital, researching business alternatives and general corporate purposes.


About the Company

Firesteel is an exploration-stage junior mining company engaged in the acquisition and exploration of prospective precious and base metal properties in Canada and stable jurisdictions around the world.

Firesteel currently has two highly prospective properties in British Colombia.

The ROK Coyote property is 100% owned by Firesteel.

The property shares a boundary with Imperial Metals, Red Chris Mine on the South East and a boundary with Colorado Resources on the North West. The property is in good standing until 2025.

Highlights of the ROK Coyote property include:

  • --6,829 Ha of highly prospective that has the potential to host large tonnage Cu-Au targets with known Cu-Au results.

  • --Adjacent to Imperial Metals Red Chris Mine development and Colorado

Resources North ROK property.

The Star property is currently operated under a Joint Venture agreement between Firesteel (49%) and Prosper Gold. (TSX-V: PGX) (51%).

Previous highlights of the Star property include:

  • --6,700 Ha property hosts five significant Cu-Au targets within close proximity with large tonnage, high grade potential.

  • --Star Target - In 2014 a total of 6221.5 meters were drilled in 19 holes. To date the deposit which measures 550 meters north-south and 350 meters east-westand remains open. Recent drill results include 107m of 0.77% Cu & 0.41 g/t Au including 64m of 1.12% Cu & 0.59 g/t Au (previously reported September 23, 2014).

Qualified Person

The scientific and technical information in this news release has been approved by Paul Sarjeant, P.Geo., a Qualified Person under National Instrument 43-101 and a director of the company.

For a detailed overview of Firesteel Resources Inc. please visit:

www.FiresteelResources.com

For further information, please contact:

Michael Hepworth

President and Chief Executive Officer

(416)419 5192

mhepworth@firesteelresources.com

www.firesteelresources.com

For up to the minute news, industry analysis and feedback follow us onFacebook, LinkedIn and Twitter.


Neither the 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

Advisory Regarding Forward Looking Statements

This news release contains forward-looking statements. Users of forward-looking statements are cautioned that actual results may vary from forward-looking statements contained herein. Forward-looking statements include, but are not limited to: expectations, opinions, forecasts, projections and other similar statements concerning anticipated future events, conditions or results that are not historical facts. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". While the Company has based these forward-looking statements on its expectations about future events as at the date those statements were prepared, the statements are not a guarantee of the Company's future performance. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it cannot give any assurance that such expectations will prove to be correct.

The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement and are made as of the date of this new release. Unless otherwise required by applicable securities laws, the Company does not intend nor does it undertake any obligation to update or review any forward-looking statements to reflect subsequent information, events, results or circumstances or otherwise.

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Copyright (c) 2017 TheNewswire - All rights reserved.


Amended: HPQ Silicon Receives Beauce Gold Property 43-101 Report In Preparation For Spin Out And Dividend In Q1

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Tickers: XTSX:HPQ
Tags: Mining

Montreal, Quebec / TheNewswire / January 13, 2017 -HPQ Silicon Resources Inc ("HPQ") (TSX Venture: HPQ) is pleased to update shareholders regarding the status of its gold asset spinoff, as well as, announcing it has received the required 43-101 Technical report for the Beauce Gold property, a prerequisite of the listing documentation for the planned spin-out of the company's gold assets.

UPDATE - SPIN OUT AND DIVIDEND OF BEAUCE GOLD FIELDS EXPECTED BY MARCH 31, 2017

On March 11, 2016, the company announced its plans to spin out its gold projects and issue a dividend to shareholders. The purpose of the spinout is to segregate the company's valuable but diverse holdings to unlock even greater value for shareholders.

The Company will transfer all of its gold assets into a newly formed subsidiary called Beauce Gold Fields Inc./Les Champs d'Or de Beauce Inc., then dividend out 80% of the Capital of the subsidiary to its shareholders.

In order for the final transfer of Beauce from HPQ, the following steps have been taken:

1. An independent board of directors of the subsidiary Beauce Gold Fields Inc./Les Champs d'Or de Beauce Inc is in the process of being named. The new Board will be able to approve gold property transactions between Beauce and HPQ.

2. The Company has completed the required Listing Statement and prescribed documentation that will be submitted to the Canadian Securities Exchange (CSE) to be eligible for listing on the Exchange.

3. The completion of a new 43-101 on Beauce for the purposes of designating it the Property Of Merit for the new company.

HPQ-Silicon is aiming to have the spinoff completed and dividend shares of the new subsidiary delivered to shareholders during Q1 2017.

Bernard Tourillon, chairman and chief executive officer of HPQ Silicon stated: "We are very excited that the spin-out is nearing completion. We have seen a resurgence in the values of high quality gold projects and, given the fact the Beauce Gold project holds the largest historical placer gold deposit in eastern North America, we believe an independently traded Beauce Gold Fields will unlock meaningful value for our shareholders. Moreover, a singularly focused HPQ will provide an optimal environment to complete our goal of becoming the lowest cost producer of solar grade silicon metal on the planet."

Beauce Gold 43-101 Technical Report

As part of the listing application documentation, the preparation and filing of a new 43-101 Qualification Technical report on the Beauce Gold property was required for it to become the Property Of Merit to Beauce Gold Fields.

The Company has received a 43-101 Technical report on the Beauce Gold property by Mr. Benoit Violette, P.Geo. Mr. Violette competed a full overview of the geology and of all historical and current exploration work. He concludes that in addition to the residual-alluvial mining potential for which the property is advanced in the permitting process, the Beauce Gold Project is a property of merit with a significant potential for the discovery of primary gold mineralization related to the source of the alluvial-residual deposits of the Gilbert River drainage. In the past, because of the relative ease of accessibility of the gold in this environment and the inexperience of the successive owners and operators with hard rock mining, this potential has been neglected. Further exploration is recommended to be carried-out by Beauce Gold Field Inc.

About The Beauce Gold Property

The Beauce Gold Project is a unique, historically prolific gold field located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of claims 100% owned by HPQ Silicon, the project area hosts a six (6) km long unconsolidated gold bearing sedimentary units (a lower saprolite and an upper brown diamictite) holding the largest historical placer gold deposit in eastern North America. The gold in saprolite indicates a close proximity to a bedrock source of gold providing significant potential for further exploration discoveries.

Property Highlights

-Certificate of authorizations (CA) allowing the start of first phase mining activities on the Rang Chaussegros sector of the Beauce Gold project

-Polygonally calculated Gold Exploration Target, for the entire historical placer channel ranging between 61,000 ounces (2,200,000 m3 @ 0.87 g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3). Potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource

-Significant potential for further exploration discoveries, geology suggest a proximate bedrock source of gold.

-176 acres of real estate 100% owned by HPQ Silicon

-Property held four historical gold mining operations

-Property produced the largest gold nuggets in Canadian mining history (St-Onge Nugget 43 oz, McDonald Nugget 45 oz, Kilgour Nugget 51 oz)

Mr. Benoit Violette, P. Geo is the Qualified Person as defined by National Instrument 43-101 that supervised the preparation of the information in this news release.

For further information contact

Bernard J. Tourillon, Chairman and CEO Tel (514) 907-1011
Patrick Levasseur, President and COO Tel: (514) 262-9239
www.HPQSilicon.com

Neither the 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.

This press release contains certain forward-looking statements, including, without limitation, statements containing the words "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "in the process" and other similar expressions which constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements reflect the Company's current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company's on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

Copyright (c) 2017 TheNewswire - All rights reserved.

Risks and Uncertainties Inherent to the Proposed Medical Marijuana Business

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0

Tickers: XCNQ:UMB, PINX:UMBBF
Tags: Oil & Gas

Vancouver, B.C. / TheNewswire / January 13, 2017 - UMBRAL ENERGY CORP. (CSE: UMB) (the "Company" or "Umbral") with its partner, PhyeinMed Inc. ("PhyeinMed") is issuing this press release as a result of a review by the British Columbia Securities Commission (the "BCSC"). This clarifying news release is intended to provide further disclosure about the Company's pursuit of opportunities in the medical marijuana business.

Principal Business

The Company plans to continue its principal business of mineral exploration. The Company's pursuit of medical marijuana business is supplementary to the mineral exploration business. The board of directors have approved the Company's entry into the medical marijuana business and to the Company's knowledge, this is the only approval required for the Company's pursuit of opportunities in the medical marijuana business.

Information About the ACMPR Licensing Process

The Company through its partner, PhyeinMed Inc., has applied for to become a licensed producer under the Access to Cannabis for Medical Purposes Regulations. The licensing process to apply for the access to cannabis for medical purposes regulations (the "ACMPR") involves a strict and thorough review. There are many stages to the application process for becoming a licensed producer of cannabis for medical purposes as described below:

  1. (a)Applications Received;

  2. (b)Preliminary Screening;

  3. (c)Enhanced Screening ;

  4. (d)Initiation of Security Clearance Process;

  5. (e)Review;

  6. (f)Pre-licence Inspection; and

  7. (g)Licensing.

An applicant may be sent back to a stage previously cleared if new information affecting the application is received by Health Canada. Also, an application can be refused at any stage of the process.

Preliminary Screening

When an application is received, it undergoes a preliminary screening for completeness. If an application is not complete, it will be returned. If an application appears to be complete, it will be assigned an application number. The application number means that the application has completed the preliminary screening. Applicants should reference their application number in all correspondence with Health Canada.

Enhanced Screening

Once an application has been assigned an application number, it will be reviewed to ensure that the level of detail included in the application is sufficient to assess the requirements of the regulations. Initial consideration is also given to the location of the proposed site; likely risks to public health, safety and security; the proposed security measures; and the credentials of the proposed quality assurance person to meet the good production requirements outlined in Subdivision D of the ACMPR. On a case-by-case basis Health Canada may also request and/or review other information that is relevant to the application. Health Canada will also verify that applicants have provided notice to the senior official with the local government where their proposed site is located. Licensed producers are required to comply with all applicable provincial/territorial and municipal laws, including zoning restrictions, fire and electrical safety, and waste management.

Security Clearance

Once the screening of an application is complete, the security clearance forms for key personnel will be sent for processing. When applying for a licence to produce under the ACMPR, a Security Clearance Application Form must be submitted for the following individuals:

-the proposed senior person in charge;

-the proposed responsible person in charge;

-the proposed alternate responsible person(s) in charge (if applicable);

-if a producer's licence is issued to an individual, that individual; and

-if a producer's licence is issued to a corporation, each officer and director of the corporation.

Review

An application will be thoroughly reviewed to validate the information provided. Given the extensive review process, applicants should anticipate communicating with the Office of Medical Cannabis multiple times to provide clarifications on the application. Health Canada may also request additional information from the applicant as required. Physical security plans will be reviewed and assessed in detail at this stage. Please note that applicants must comply with the Directive on Physical Security Requirements for Controlled Substances. When Health Canada believes an application is ready for a pre-licence inspection, Health Canada will contact the applicant and identify the information that needs to be confirmed before a pre-licence inspection can be scheduled.

Pre-Licence Inspection

Section 21 of the ACMPR (Inspection of Site) allows for the possibility of a pre-licence inspection. This includes, but is not limited to: security measures, good production practices, packaging, labelling and shipping, registration, and record keeping.

Licensing

The results of the pre-licence inspection are reviewed with all the information submitted to Health Canada, and any other relevant information, to complete the assessment of the application in keeping with the requirements of the ACMPR, establish that the issuance of the licence is not likely to create risks to public health, safety or security, including the risk of cannabis being diverted to an illicit market or use, and there are no other grounds for refusing the application. The process for the initial issuance of a licence includes limits on licensed activities and a maximum limit on the total amount of cannabis authorized for production.

Application processing times are variable and depend on a number of factors, including:

-the completeness of the application and the thoroughness of the information provided;

-the timeliness of applicant responses to requests for additional information;

-the readiness of the applicant to move through the process;

-the complexity of the application; and

-whether the application poses any risks, including a risk to public health, safety or security.

The timeline for security screening of key personnel can also vary depending on the complexity of the applicant's file. The entire application process can take more than a year to complete. It is the responsibility of the applicant to ensure that the information provided in their application is detailed and accurate and clearly demonstrates that they are compliant with all the requirements of the ACMPR. Insufficient or inaccurate information may give rise to grounds for refusal.

Licences are only issued once all regulatory requirements are met. Each application undergoes a detailed assessment, including in-depth security checks led by the RCMP and site inspections. Health Canada conducts compliance and monitoring activities of regulated parties to ensure compliance with the various regulations to the Controlled Drugs and Substances Act (CDSA). These activities include education, complaint investigations and inspecting licensed sites, or sites applying to be licensed to conduct regulated activities. Licenses are only valid for one year and are subject to renewal approval by continuing to meet the requirements of the Access to Cannabis for Medical Purposes Regulations (ACMPR) including, but not limited to:

-Physical Security Measures;

-Good Production Practices;

-Packaging, Labelling and Shipping Requirements;

-Import and Export permit, if applicable; and

-Security Clearance.

Physical Security Measures

Production, packaging, labelling and storage activities under the ACMPR need to be conducted indoors, and not in a dwelling place. The ACMPR set out physical security requirements that are necessary to secure sites where licensed producers conduct activities with cannabis other than storage. For storage of cannabis, other than marijuana plants, Health Canada's Directive on Physical Security Requirements for Controlled Substances establishes security requirements for the storage of all controlled substances including cannabis by licensed producers. All applicants for a producer's licence have to demonstrate to Health Canada that they meet these security requirements. Licensed producer sites are subject to compliance and enforcement measures, including regular audits and inspections by Health Canada.

Good Production Practices

Licensed producers are subject to Good Production Practices that are meant, among other things, to ensure the cleanliness of the premises and equipment. The licensed producer is required to employ a quality assurance person with appropriate training, experience, and technical knowledge to approve the quality of fresh and dried marijuana, marijuana plants and seeds, and cannabis oil prior to making it available for sale.

Product Quality

Licensed producers must conduct tests on their products, including, as applicable:

-for microbial and chemical contaminants of fresh and dried marijuana, and cannabis oil;

-for disintegration of capsules or similar dosage forms of cannabis oil; and

-for residues of solvents in cannabis oil for content of delta-9-tetrahydrocannabinol, delta-9-tetrahydrocannabinolic acid, cannabidiol and cannabidiolic acid.

Other requirements

Licensed producers must also meet other requirements under Good Production Practices under the ACMPR including, but not limited to:

-Sanitation Program;

-Standard Operating Procedures; and

-Establishment of a Recall System.

Packaging, Labelling and Shipping - Consumer Information

The ACMPR sets out requirements for packaging, labelling and shipping. For example, fresh and dried marijuana, cannabis oil, and marijuana seeds and plants must be sold or provided in tamper-evident containers or packages. Fresh and dried marijuana and cannabis oil must be sold or provided in child-resistant containers. Separate labelling requirements apply depending on the product type (i.e. fresh and dried marijuana, cannabis oil, cannabis oil in capsule or similar dosage forms, and marijuana plants and seeds). In addition, all licensed producers are required to attach a client-specific label, similar to a patient-specific prescription drug label, to the container, package or plant. Under the ACMPR, each shipment sold to a client needs to be accompanied by a copy of the most current version of the Health Canada document entitled "Consumer Information - Cannabis (Marihuana, marijuana)". This document provides a summary of the known information about the uses and risks of cannabis for medical purposes so that individuals can be informed about their treatment choice.

Import and Export Permit

A licensed producer must obtain a permit from the Minister of Health prior to importing or exporting marijuana or cannabis for the purpose of testing cannabinoid content.

Information Concerning PhyeinMed's Application

PhyeinMed submitted the application under the ACMPR on December 9, 2014. Preliminary screening was concluded and an application number was assigned to PhyeinMed under the ACMPR. Enhanced Screening and many subsequent requests for additional information were completed satisfactorily. PhyeinMed was notified by the offices of medical cannabis within Health Canada on January 22, 2016, that the Security Clearance stage of the application process was being initiated. To date the business plan to produce medical cannabis is to wait for the application process to move to final review stage. No further business is required until PhyeinMed receives notification of final review. At that time several initiatives should be undertaken, completion of the business plan in relation to the current regulations, if this includes adult use or recreational use of cannabis, branding within the guidelines of the recreational market, plans to complete the purchase of the property, site and property preparation to prepare for estimates and any and all other preliminary work that can be completed prior to the pre-license inspection notification.

PhyeinMed's key persons in conjunction with its Quality Assurance Person and various professional consultants in the cannabis industry completed the application and believe it has met the regulatory requirements as outlined in the guidance documents provided by Health Canada. Under the guidance of the Quality Assurance Person; Good Production Practices were established under the ACMPR. Architectural drawings and a Site Survey Plan were commissioned. These plans were necessary to complete the security measures such as physical barriers, visual monitoring and recording devices as outlined in the Master Security Plan and Threat Assessment Report submitted for the location. PhyeinMed to the best of its knowledge has met the minimum of a level 7 (as defined in the Directive on Physical Security Requirements for Controlled Substances (Licensed Dealers Security Requirements for the Storage of Controlled Substances) to be considered for a licence.

A time or cost estimate cannot be provided as PhyeinMed's application is in the preliminary stage. Health Canada would not approve, grant or authorize any license to PhyeinMed prior to the construction of the facility and subsequent pre-licence inspection.

PhyeinMed does not currently own the property, the current property owners have consented to the use of the site by the applicant for the proposedactivities as required in the application form. Upon notification from Health Canada to prepare for a pre-license inspection, PhyeinMed plans to purchase the property. Construction, installations and site preparation would commence on the property and the existing structures to meet the strict ACMPR as outlined in the application and completed prior to inspection. The process for the initial issuance of a licence includes limits on licensed activities and a maximum limit on the total amount of cannabis authorized for production. This is usually referred to as a license to cultivate. Once and if PhyeinMed has met the ACMPR of the initial license the company could be approved to become an Authorized Licensed Producer permitted to sell or import/ export cannabis. The process to become an authorized licensed producer can be well over a year.

About Umbral Energy Corp.

The Company is currently listed as a junior resource issuer having mineral exploration projects. The Company is considering other activities to increase shareholder value, including non-resource projects.

The Company has mineral exploration projects in Utah, Nevada and Quebec. In addition the Company has an interest in PhyeinMed, who has applied for a license from Health Canada to legally grow and sell medical marijuana.

ON BEHALF OF THE BOARD OF DIRECTORS OF UMBRAL ENERGY CORP.

"Jag Bal"

Jagdip Bal President and CEO

NEITHER CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAVE REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing efforts, the results of exploration activities -- that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Copyright (c) 2017 TheNewswire - All rights reserved.

Montan Mining Completes Private Placement and Appoints New CFO

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Tickers: PINX:SAIDF, XTSX:MNY
Tags: Mining

-Montan Mining closes third and final tranche of the private placement for total aggregate proceeds of $1,030,569

-Montan Miningappoints Anthony Balic as Chief Financial Officer ("CFO")

Vancouver, BC / TheNewswire / January 13, 2017 - Montan Mining Corp. (TSXv: MNY | FSE: S5GM | SSE: MNYC) ("Montan" or the "Company") is pleased to announce that it has completed the third and final tranche of its previously announced $1,000,000 non-brokered private placement financing (the "Financing"). The third tranche of the Financing consisted of 3,100,000 units at $0.05 per unit for total gross proceeds of $155,000. Each unit consists of one common share and one transferable share purchase warrant, with each warrant exercisable into one additional common share at $0.10 per share for five (5) years after the closing date. In total, the Financing consisted of 20,611,387 units for aggregate gross proceeds to the Company of $ 1,030,569.

In connection with the Financing, the Company paid finders fees in the aggregate amount of $5,250 in cash. All securities issued in connection with the Financing are subject to a restricted period that expires four months following the date of issuance. Closing of the financing is subject to receipt of final applicable regulatory and TSX Venture Exchange approval.

Upon closing of the Financing, the Company has 64,119,012 common shares outstanding.

Appointment of CFO - Anthony Balic

Furthermore, Montan is pleased to announce that it has appointed Mr. Anthony Balic as CFO of the Company. Mr. Balic is a Chartered Professional Accountant who has worked with Canadian and US publicly listed resource companies for the past 10 years. He is currently the CFO of Goldgroup Mining Inc. and was part of the finance team which brought their Mexican gold mine into commercial production. Prior to this position, he was a Senior Manager at Deloitte LLP in Vancouver, where he specialized in assurance and advisory for publicly traded mining companies.

On behalf of the Board of Montan.

Ian Graham

CEO and Director

Tel: +1.604.671.1353

Email: igraham@montanmining.ca

About Montan Mining Corp.

Montan is backed by an experienced management team with diverse technical, market, and finance expertise and is supported by committed and sophisticated investors focused on building value for the long term. The Company is engaged in closing the acquisition of an operation ready gold mine and gold processing plant in the southern Peruvian mining district of Caraveli under a Share Exchange Agreement with Chazel Capital Inc. for the purchase of its 100% owned Peruvian subsidiary Cerro Dorado S.A.C.

For more information, please visit the corporate website at http://www.montanmining.ca or contact:

Investor Contact:

Luis F. Zapata

Executive Chairman

Email: lzapata@montanmining.ca

Tel: +1-604-358-1382

NEITHER THE 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 NEWS RELEASE.

Forward-Looking Statements: Certain statements in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this press release include that we will close our acquisition an operation ready gold mine and gold processing plant in the southern Peruvian mining district of Caraveli under a Share Exchange Agreement with Chazel Capital Inc. for the purchase of its 100% owned Peruvian subsidiary Cerro Dorado S.A.C.. Such forward-looking statements and information are subject to risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement. Specific risks included that we may not be able to complete any necessary future financing, or to finance our intended acquisition. We may not be able to become profitable even if we are producing and milling to capacity, profitability depends on revenues and expenses which are not completely controllable; we may not be able to secure mineral feed from other miners; and we may not be able to restart production because of technical or expense issues.

Copyright (c) 2017 TheNewswire - All rights reserved.

Dunnedin Earns 100 Percent Of Kahuna Project And Progresses Spin-Out

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Tickers: PINX:OCPFF, XTSX:DVI
Tags: Mining



May 1, 2017 / TheNewswire / Vancouver, BC, Canada. - Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) today reported it has entered into a Letter Agreement (the "Agreement") whereby it will accelerate its Option Agreement (the "Option") payments and receive a 100% undivided interest in the Kahuna project, Nunavut.

Under the terms of the Agreement, Dunnedin will earn a 100% interest in the Kahuna project and in return pay the Kahuna project vendors Gary R. Thompson and Sorin Posescu (the "Vendors") the remaining cash and shares required under the underlying Option. The Company will pay $350,000 and issue 4,400,000 common shares of the Company as follows:

  • -$100,000 upon signing

  • -4,400,000 common shares upon signing, and

  • -$250,000 upon completion of its next financing

Having signed the Agreement Dunnedin will now proceed with its intention to spin out its 100% owned Trapper gold-copper property located in the Sutlahine area of Northern British Columbia, along with rights to gold mineralization at its Kahuna diamond project, located in Nunavut. The project and rights will be spun out into a wholly-owned subsidiary ("SpinCo"), pursuant to a Plan of Arrangement (the "Arrangement"), under the Business Corporations Act (British Columbia). The Arrangement will also include an agreed upon working capital amount to facilitate exploration activities at these projects. The date of record for the Arrangement will be announced imminently.

The Plan of Arrangement is subject to TSX Venture Exchange, regulatory and court approval, and the approval of the Company's shareholders at an annual general and special meeting to be held as soon as is practical. Pursuant to the arrangement, the common shares of SpinCo will be distributed to shareholders of the Company on a pro rata basis. The Company intends to apply for a listing of the shares of SpinCo on the TSX Venture Exchange. Any such listing will be subject to SpinCo fulfilling all of the requirements of the TSX Venture Exchange. There will be no change in shareholders' holdings in Dunnedin as a result of the Arrangement.

The Kahuna project Vendors will retain Gross Overriding royalties on diamonds and Net Smelter Royalties on gold and other metals as per the underlying Option.

Exploration Update

The Company has received and is reviewing final diamond recovery results from its sampling of the PST kimberlite, which will be released upon completion of the QAQC review as soon as possible. Diamond indicator mineral results are also expected during May from the first prioritized till samples collected in 2016 across the Kahuna project. Further diamond indicator mineral results and gold results from till sampling will follow.

Results will guide the upcoming summer exploration program, which will include in-field follow-up on high priority diamond indicator mineral sources, drilling of these targets, sample site preparation in advance of bulk sampling of diamondiferous kimberlites, and follow-up on recently identified gold mineralization in bedrock and tills in advance of drilling.

Mr. R. Bob Singh, P.Geo, Exploration Manager, is the qualified person responsible for the technical content of this news release.

For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

About the Kahuna Project

Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut. Dunnedin is now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected in from two seasons of field work. An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlite dikes through shallow drilling. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike which was a piece of a larger diamond that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodiamonds totalling 5.34 carats (+0.85 mm) and a 2.36 tonne sample of the Notch kimberlite which returned 89 macrodiamonds totalling 2.38 carats (+0.85 mm). The Kahuna project is located adjacent to the development-stage Meliadine gold project of Agnico Eagle Mines Ltd and also hosts gold mineralization in metasediment units.

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.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

Copyright (c) 2017 TheNewswire - All rights reserved.

BlueOcean NutraSciences Secures Distribution Agreement with AKiN's & Chamberlin's for Pure Polar(tm) and Sport AX(tm)

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Tickers: XTSX:BOC
Tags: Technology

Toronto, Ontario / TheNewswire / May 01, 2017 - BlueOcean NutraSciences Inc. (TSXV:BOC) ("BlueOcean" or the "Company") is pleased to announce that its wholly-owned consumer products subsidiary, Pure Polar Labs Inc. ("Pure Polar"), has entered into a distribution agreement with AKiN's & Chamberlin's (the "Customer"), a US natural foods grocery chain. Pure Polar will initially be supplying the Customer with two of its leading products ("SKUs") Pure Polar(R) Double Strength and Sport AXTM.

AKiN's & Chamberlin's currently have 18 locations throughout the US including Arkansas, Florida, Kansas, Missouri, Nebraska and Oklahoma. Pure Polar(R) and Sport AXTMwill be available in these stores later in May.

Dr. Marvin Heuer, CEO of BlueOcean, commented, "Our shrimp oil products are 100% natural, sustainably sourced and rich in essential nutrients. Natural food grocery chains are a great platform for our products as they fit perfectly with those grocery chains'health-conscious, well-informed customer base which is ideal for our products. This is the first distribution agreement with a highly respected and successful health food retailer in the U.S. This is a terrific partnership and we look forward to much success in the months and years to come."

"This deal is the result of an ongoing focused business development plan intended to secure distribution agreements with multiple retail chains and to grow the revenue base", he added.

About AKiN's & Chamberlin's

AKiN's Natural Foods (www.akins.com) is a respected health food retail chain that sells organic foods, health care supplements and alternative medicine books. At AKiN's Natural Foods, a board oversees all of the products that the company sells, and constantly reviews these items to ensure that they meet the highest organic standards for quality.

Chamberlin's Natural Foods Markets (www.chamberlins.com) offers high-quality natural food products, while also providing educational opportunities and special events for customers. The store sells wholesome baked goods, fresh organic produce, natural personal care products and healthy produce.

About BlueOcean

BlueOcean NutraSciences Inc. is a Canadian public listed company (TSXV:BOC) whose mission is to develop effective, innovative and sustainable products from Natural Sources, to improve the lives of its customers. BlueOcean's first specialty ingredient is its patent protected shrimp oil which is the base for its current three consumer brands. Shrimp oil is made from sustainably certified North Atlantic coldwater shrimp shells (the by-product of the cooked and peeled shrimp process) and contains phospholipid bound omega-3 fatty acids and over 40 times more natural astaxanthin compared to krill oil ingredients.

Shrimp oil's unique nutritional properties enables the ingredient to make numerous health claims across a wide range of markets, including the $4Bn omega-3 heart health market, the $9Bn joint health market and the $10Bn sports supplement market. BlueOcean markets its shrimp oil ingredient through a number of consumer brands that are formulated to target these specific markets.

BlueOcean currently markets its shrimp oil under three consumer brands: Pure Polar(R) Omega-3 Shrimp Oil, Joint AXTM and Sport AXTM. Products may be purchased online at purepolarshrimp.com, joint-ax.com and sport-ax.com.

Forward-Looking Statements

This news release may contain forward-looking statements that are based on BlueOcean's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

Neither the 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.

For more information, please visit www.blueoceannutra.ca or contact Sam Kanes, VP Strategy and IR at 416-315-7477 or Dil Vashi, VP Operations at 416-859-0909.

Copyright (c) 2017 TheNewswire - All rights reserved.

Global Energy Metals Signs Binding Agreement to Acquire Advanced Australian Cobalt Project

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Tickers: XTSX:GEMC, XTSX:GEM.C
Tags: Mining

VANCOUVER, BC / TheNewswire / MAY 1, 2017 / GLOBAL ENERGY METALS CORP. TSXV:GEMC("Global Energy Metals", the "Company" and/or "GEMC")has entered into a binding letter agreement with Hammer Metals Ltd.("Hammer") for the exclusive right to earn up to a 75% interest, in the Millennium Cobalt Project (the "Project" and/or "Millennium"), an advanced mineral exploration and development property located in the famed Mount Isa mining region of Australia. Additionally, GEMC holds a right of first refusal ("RoFR") to acquire any additional interest in the Project, which Hammer may wish to sell.

Global Energy Metals' acquisition of the Millennium Cobalt Project is the first of several expected acquisitions of robust cobalt projects with material that is of interest to the Company's battery and offtake partners in Asia, meeting GEMC's investment requirements of having an existing resource, metallurgical test work and being in a non-DRC jurisdiction.

The Millennium Project offers significant benefits for GEMC including:

    • -The Millennium Project is a significant cobalt-copper deposit that remains open for expansion.

      -The Project is located close to well established mining, transport and processing infrastructure along with a skilled workforce in the regional centres of Mount Isa and Cloncurry.

      -Millennium shows potential for scale and excellent grade and will fit well into GEMC's portfolio of quality cobalt projects.

    • -Preliminary hydrometallurgical studies have demonstrated the potential for the recovery of saleable cobalt and copper concentrates.

      -Historical estimate* - Hammer completed a JORC (2012) resource on the property as disclosed in a press release dated December 6, 2016 comprised of an Inferred resource of 3.1 million tonnes @ 0.14% Co, 0.34% Cu and 0.12g/t Au (using CuEq cutoff of 1.0%)

    • -GEMC continues to execute its strategy of becoming a supplier of non-DRC cobalt material to downstream partners; Millennium is the first acquisition to compliment its wholly owned Canadian primary cobalt project.

Recent drilling in 2016 from Hammer's 23 RC drill hole program (Hammer ASX releases, 13/09/2016 and 14/10/2016) included peak cobalt results with 8 metres at 0.35% Co in MIRC023 and 4 metres at 0.51% Co in MIRC013.

Other intercepts included:

    • -19 m at 0.38% Co, 1.27% Cu, 0.70 g/t Au, (4.12% CuEq) in Q-012;

      -24 m at 0.15% Co, 0.23% Cu and 0.09 g/t Au (1.17% CuEq) in MIRC013;

including 4 m at 0.51% Co, 0.46% Cu and 0.16 g/t Au (3.64% CuEq),

    • -12 m at 0.19% Co, 0.57% Cu and 0.19 g/t Au (1.85% CuEq) in MIRC014;

including 4 m at 0.30% Co, 0.44% Cu and 0.14 g/t Au (2.33% CuEq),

    • -40 m at 0.07% Co, 0.32% Cu and 0.13 g/t Au (0.82% CuEq) in MIRC017;

including 5 m at 0.15% Co, 0.82% Cu and 0.21 g/t Au (1.90% CuEq); and

    • -33 m at 0.16% Co, 0.66% Cu and 0.34 g/t Au (2.11% CuEq) in MIRC023; including 8 m at 0.35% Co, 0.08% Cu (2.19% CuEq).


Click Image To View Full Size

All intercepts reported represent core lengths; true width will vary depending on the intersection angle with the targeted zone. Holes are generally planned to intersect mineralised zones as close to perpendicular as possible. Copper equivalent (CuEq) calculation is as follows: CuEq% = Cu% +(Co%*5.9) +(Au ppm*0.9) +(Ag ppm*0.01). Price assumptions utilised by Hammer for the JORC resource estimate and drill hole intercepts are (all $US); Au - $1,300/oz, Ag - $20/oz, Co - $27,000/t and Cu - $4,600/t.

* This work was based on a technical report by Haran Consulting Pty Ltd, issued November 29, 2016 conforming to JORC (2012) reporting standards for resources estimates. As Hammer uses JORC categories, it should be noted that the confidence in the estimate of JORC inferred mineral resources is usually not sufficient to allow the results of the application of technical and economic parameters to be used for detailed planning. However, the Company deems this resource still relevant because economic parameters have not negatively change significantly since publication date and the Company has confidence in the estimate based on review of technical data.

There are no more recent estimates or data available. To upgrade this work from an historical estimate to a current mineral resource, the Company will review the data set and complete additional drilling and modeling work to verify the historic estimate as a current mineral resource or mineral reserve.

A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or reserves, and the issuer is not treating the historical estimate has current mineral resources or reserves.

Mitchell Smith, President & CEO of Global Energy Metals commented:

"We are very pleased to announce this transaction to our shareholders. We have a highly experienced cobalt focused management team that has identified an exceptional opportunity to acquire a quality asset with near term and future upside potential. Mount Isa is in one of the world's foremost base metal mining districts having a rich and well-established mining history. We believe that Millennium represents one of the best cobalt opportunities currently available not only in that region but also globally. Millennium is an ideal first acquisition that fits into our objective that includes the acquisition of additional high quality mining assets and providing cobalt supply to our end user partners."

Alex Hewlett, Hammer's CEO and Director of Hammer stated:

"We are thrilled to have GEMC as a strategic partner and combine efforts to develop Millennium. GEMC's strong track record, deep cobalt sector knowledge and key partnerships in Asian battery markets were key to our wanting to partner with them. This transaction provides our shareholders with immediate upside in partnering with a cobalt focused leader in the industry while retaining exposure to longer term value creation that the Millennium Project will offer."

Transaction Summary

The letter agreement outlines the principal terms and conditions to enter into a three-year option to purchase a staged interest of up to 75% interest upon making project related expenditures to further advance the property. Total consideration for the option is CAD $2,700,000.

The Company plans to be on site in Australia to conduct a technical site visit in mid-May 2017 and will conduct further due diligence to follow. Evaluation of additional projects from an earlier trip to Australia will continue in parallel.

Completion of the agreement is expected within the next 90 days. Upon successful conclusion of due diligence, and at the direction of GEMC, the parties will enter into a definitive agreement, subject to standard conditions and any regulatory approvals that may be required.

Before the third year anniversary of signing a definitive option agreement, GEMC must expend a minimum of CAD $2,500,000 in project exploration and development work on Millennium as follows:

    • -$500,000 within 6 months for 25% interest;

      -$1,000,000 within 18 months for 65% cumulative interest; and

      -$1,000,000 within 36 months for cumulative 75% interest

GEMC will also pay to Hammer a total of CAD $200,000 in cash in two equal payments of $100,000, the first upon signing the definitive agreement and the second on the 6 month anniversary of the first payment.

Global Energy Metals may exercise its right to acquire additional interest in Millennium based on future terms agreed to by both parties at that time.

The Millennium Cobalt Project, Mount Isa, Australia:

The following property description and technical information in this news release is historical in nature and is based on data and reports provided to the Company by Hammer.

The Mount Isa Inlier is a highly mineralised, established mining jurisdiction with significant regional infrastructure and several world-class copper-gold-cobalt and lead-zinc-silver mines and deposits, including CuDeco Limited's operating Rocklands copper-gold-cobalt project located 19 kilometres to the northwest.

The Project comprises five Mining Leases; ML's 2512, 2761, 2762, 7506 and 7507. Hammer currently has a 100% interest in all five Mining Leases. The tenements are in good standing with no known impediments.


Click Image To View Full Size

Most importantly, recent drilling and exploration to date has returned outstanding, high-grade intercepts and there is excellent potential to build upon the historic estimate as developed by Hammer. Based on previous work by Hammer and others, mineralisation is interpreted to extend over a strike length of 1,600 metres and extends to approximately 280 metres below surface. Multiple high-grade targets are awaiting further exploration and the mineralised zone remains open at depth and to the north along strike.

Hammer drilled a total of 23 RC holes and extended two previous holes at Millennium in a late 2016 work program. The results build on previous drilling conducted in the area and 40 drill holes were used in the first JORC (2012) mineral resource estimate for the project.


Click Image To View Full Size

Future Progress

The Project presents as an excellent opportunity to acquire a cobalt asset of significant size with potential to expand mineralisation in close proximity to a processing solution and excellent infrastructure within the Mount Isa region of Queensland, Australia. It is anticipated that GEMC will conduct further infill drilling to tighten drill spacing and test for potential extensions at depth and along strike, which the Company believes, could result in a material increase in the size of the current JORC resource. This drilling should also enable continuity modeling quality to be increased for each variable allowing for a higher classification of Indicated or Measured under resource reporting standards for resource estimates.

As the current resource model has been expressed on a CuEq basis and given the current strength of the cobalt price and long-term positive fundamentals and outlook for the cobalt market, GEMC will look to evaluate the deposit moving forward with a more cobalt centric position.

Qualified Person

Mr. Paul Sarjeant, P. Geo., the Company's VP Projects and Director, is the qualified person for this release as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and has reviewed and verified the technical information contained herein.

Hammer Metals Ltd.

Hammer is listed on the Australian Stock Exchange (ASX code HMX) and is a mineral exploration and development company focused on the exploration and development of base and precious metal deposits in Australia.

Global Energy Metals Corporation (TSXV:GEMC)

Global Energy Metals is focused on offering security of supply of cobalt, a critical material to the growing rechargeable battery market, by building a diversified global portfolio of cobalt assets. GEMC anticipates growing its business by acquiring project stakes in battery metals related projects with key strategic partners. Global Energy Metals currently owns and is advancing the Werner Lake Cobalt Mine in Ontario, Canada.

For Further Information:

Global Energy Metals Corporation

#1501-128 West Pender Street

Vancouver, BC, V6B 1R8

Email: info@globalenergymetals.com

t. + 1 (604) 688-4219 extensions 236/237

Cautionary Statement on Forward-Looking Information:

Certain information in this release may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with regulatory approvals and timelines. Although Global Energy Metals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. For more information on Global Energy and the risks and challenges of their businesses, investors should review the filings that are available at www.sedar.com.

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.

We seek safe harbour.

Copyright (c) 2017 TheNewswire - All rights reserved.

DMD announces financial results for the fourth quarter and for year ended December 31, 2016 - Amended press release

0
0

Tickers: XTSE:DMG.H
Tags: Heathcare

Montreal, QUEBEC / TheNewswire / May 1, 2017 -Further to its earlier press release issued on April 28, 2017, DMD Digital Health Connections Group Inc. ("DMD" or the "Company") (NEX: DMG.H), a leader in digital intelligence for the health industry confirms the filing of its financial statements and MD&A on April 28, 2016, reporting revenues of $41.0 million for the year ended December 31, 2016 compared to revenues of $32.2 million for the year ended December 31, 2015, an improvement of $8.8 million. For the quarter ended December 31, 2016, revenue rose to $13.4 million, which is an increase of $3.4 million over revenue of $10.0 million realized during the fourth quarter ended December 31, 2015.

Gross margin increased by $6.3 million to $25.0 million for the year ended December 31, 2016 compared to $18.7 million realized during the same period in 2015. For the quarter ended December 31, 2016, gross margin increased by $3.4 million to $9.3 million compared to the quarter ended December 31, 2015. The continued expansion of the Company's products and service offerings, combined with the increased strength and dedicated efforts of its sales team has enabled the Company to successfully improve its performance.

For the year ended December 31, 2016 operating profit was $7.3 million compared to $6.4 million during the same period in 2015. Operating profit was $3.7 million for the quarter ended December 31, 2016, compared to $2.0 million for the quarter ended December 31, 2015. Expenses for the current year reflect the higher level of activities and the strengthening of the management team. It also includes share-based compensation of $0.2 million for the quarter ended December 31, 2016 and $1.3 million for the year ended December 31, 2016, following the issuance of stock options during the first quarter of 2016.

For the year ended December 31, 2016, the Company reported a profit of $7.3 million or $0.04 per share compared to a profit of $10.2 million or $0.05 per share for the year ended December 31, 2015. The lower profit can be explained in part by a non-recurring gain on extinguishment of debt of $3.1 million and a one-time deferred income tax recovery of $3.6 million that the Company recognized during the year ended December 31, 2015. For the quarter ended December 31, 2016, the Company reported a profit of $5.7 million compared to a profit of $4.2 million for the same period in 2015.

The increase in sales combined with the improvement in gross margins and favorable exchange rates all contributed to the excellent performance of the Company during 2016.

Complete financial statements and MD&A for the three-month period and for the year ended December 31, 2016 are available on SEDAR at www.sedar.com


About DMD Digital Health Connections Group Inc. ("DMD")

DMD enables pharmaceutical, pharmaceutical marketing companies, digital advertising agencies and medical device companies to effectively reach, message, connect and interact with US physicians and healthcare professionals via multiple access channels. Its innovative service offerings provide targeted impressions and interactions through permission-based email, targeted on-line ad-serving, and mobile app advertising channels. Top pharmaceutical companies, agencies and respected healthcare organizations have adopted DMD's solutions to target, engage and interact with leading healthcare practitioners. For more information, visit www.dmdconnects.com.


Forward-looking statements

This news release contains forward-looking information. These statements relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management of DMD. A number of factors could cause actual events, performance or results to differ materially from the events performance and results discussed in the forward-looking statements. These forward-looking statements are made as of the date hereof and DMD does not assume any obligation to update or revise them to reflect new events or circumstances.

Neither NEX, the 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.

-30-

Contact Information

Andre Charron

CFO

DMD Digital Health Connections Group Inc.

514-769-5858
acharron@dmdconnects.com

Copyright (c) 2017 TheNewswire - All rights reserved.


Nevada Clean Magnesium Announces Stock Option Grant

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0

Tickers: PINX:MLYFF, XTSX:NVM
Tags: Mining

Vancouver, British Columbia / TheNewswire / May 1, 2017 -Nevada Clean Magnesium, Inc. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) (The "Company" or "NCM") today announced that it has granted 1,100,000 incentive stock options pursuant to its Stock Option Plan for its directors, officers, advisors and consultants. The options are exercisable at a price of $0.05 per share for a five-year term.

Any shares issued on the exercise of these stock options will be subject to a four-month holding period from the date of the grant. This stock option grant is subject to approval by the TSX Venture Exchange.

About Nevada Clean Magnesium, Inc.

Nevada Clean Magnesium is focused on becoming a major U.S. producer and distributor of primary, high grade, low cost magnesium metal extracted from its 100% owned Tami-Mosi property located in North Central Nevada. Based on the Company's NI 43-101 Preliminary Economic Assessment Report published in September 2011 and amended in July 2014, the Tami-Mosi Project has an inferred resource of 412 million tonnes with an average grade of 12.3% Mg for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade contained within a high purity dolomite block. For more information, please visit www.nevadacmi.com.

This news release and scientific technical data was reviewed by James Sever, P. Eng. a qualified person recognized under NI 43-101.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate," "estimate" and other similar words, or statements that certain events or conditions "should", "may" or "will" occur. We may not receive additional subscriptions and we may determine that other needs must be paid rather than those we currently consider priorities. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Actual results may differ materially from those currently anticipated due to a number of factors, including the Company's dolomite reserves may not be mined because of technical, regulatory, financing or other obstacles, the market price for magnesium may make our resources uneconomic, and other risks associated with being a mineral exploration and development company. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.

To Reach Nevada Clean Magnesium Please Contact:

Edward Lee, CEO at (604) 210-9862

For additional information please visit our website at http://www.nevadacmi.comor view our profile at http://www.sedar.com.

You may also follow us on Facebook, Twitter or LinkedIn.

Copyright (c) 2017 TheNewswire - All rights reserved.

Red Tiger Reports Delay in Filing Financial Statements

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0

Tickers: PINX:RDTMF, XTSX:RMN
Tags: Mining

Toronto, Ontario / TheNewswire / May 1, 2017; Red Tiger Mining Inc., (TSXV: RMN), (the "Company" or "Red Tiger") announces that it was unable to file by April 30, 2017 its annual audited consolidated financial statements and Management Discussion & Analysis ("MD&A") for the Company's financial year ended December 31, 2016, as required by National Instrument 51-102 - Continuous Disclosure Obligations and the related CEO and CFO certifications (the "Certifications") required pursuant to National Instrument 52-109 - Certification of Disclosure in Issuer's Annual and Interim Filings.

The delay is due to the departure of key personnel involved in the preparation of the audited consolidated financial statements. The Company is working to complete the audit of the Company's consolidated financial statements for the year ended December 31, 2016 as soon as possible and anticipates filing such financial statements, MD&A and related Certifications by the end of May, 2017.

Accordingly, the Company proposes to apply for a management cease trade order effective April 30, 2017 preventing all insiders of the Company from trading, directly or indirectly, in the securities of the Company, which will remain in place until the above-noted documentation has been filed, in accordance with the provisions of National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP-12-203"). Until its annual consolidated financial statements, MD&A and related Certifications are filed, the Company intends to satisfy the provisions of the Alternative Information Guidelines set out in NP-12-203.

Red Tiger is listed on the TSX Venture Exchange (symbol "RMN"). The number of shares outstanding is 144,446,957.

Neither the 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.
Contact Information

For further information, please contact:

Red Tiger Mining Inc.

PO Box 23006 Castlewood, Toronto, ON M5N 3A8

info@redtigermining.com

www.redtigermining.com

Forward-Looking Information

This press release contains certain "forward-looking information". All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to the anticipated date for filing of its financial statements, MD&A and Certifications and the Company's intentions to comply with the Alternative Information Guidelines of NP 12-203) constitute forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company as well as certain assumptions including, without limitation, the assumption that the Company will be granted an order imposing a management cease trade order and the assumption that the Company will complete its audit in a timely manner. Forward-looking information is subject to a number of significant risks and uncertainties and other factors that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can

be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to, the failure of the Company to complete its audit in a timely manner.

Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Copyright (c) 2017 TheNewswire - All rights reserved.

Gatekeeper Systems Closes $4.256 Million Financing and Releases Q2 Financials

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0

Tickers: PINX:GKPRF, XTSE:GSI
Tags: Technology

Abbotsford, BC / TheNewswire / May 1, 2017 - Gatekeeper Systems Inc. ('Gatekeeper' or the 'Company') (TSX.V: GSI; OTC: GKPRF; FSE: 1GK) announces that it has closed its non-brokered private placement (the "Offering") as announced on April 3rd, 6th, and 10th, through the issuance of 21,280,000 units (the "Units") for gross proceeds of $4.256 million. Each Unit consists of one common share and one-half of one common share purchase warrant. Each warrant is exercisable at $0.30 for a period of 24 months from the date of issue.

Should the stock price trade over $0.40 per share for ten consecutive trading days, the Company will have the right to accelerate the expiry of the Warrants by giving notice to the holders of the Warrants by news release that the Warrants will expire on the date that is not less than 30 days from the date notice is given.

Proceeds of the Offering will be used for expansion of sales, its stop-arm camera business, marketing and operations staff, and general working capital. Finder's fees issued in connection with the Offering totaled $23,160 in cash and the issuance of 276,200 common shares. Securities issued pursuant to the Offering are subject to a four-month hold period from the date of closing.

Further, the Company has filed its financial statements and Management's Discussion and Analysis for the three and six months ended February 28, 2017, available for viewing on www.sedar.com. All figures are expressed in Canadian dollars unless otherwise stated.

Financial Highlights

-Revenue during the three months ended February 28, 2017 decreased 24% to $1,314,495 compared to $1,726,008 during the three months ended February 29, 2016;

-Revenue during the six months ended February 28, 2017 decreased insignificantly to $2,679,036 compared to $2,681,582 during the six months ended February 29, 2016;

-Gross profit during the three months ended February 28, 2017 decreased 25% to $674,745 from $902,696 during the three months ended February 29, 2016;

-Gross margin as a percentage of revenue during the six months ended February 28, 2017 decreased to 47%, compared to 50% during the six months ended February 29, 2016, representing a 6% decrease;

-Net loss for the three months ended February 28, 2017 was $308,143 compared to a net income of $66,024 during the three months ended February 29, 2016;

-As of February 28, 2017, the Company had cash and cash equivalents of $2,137,668 and working capital of $3,030,455; and

-EBITDA for the three months ended February 28, 2017 was ($285,825).

-EBITDA for the six months ended February 28, 2017 was ($544,114).

BUSINESS UPDATE

During the second quarter, the following notable events occurred:

-Signed a five-year revenue-sharing contract for stop-arm cameras with Troup County School District;

-Released a new version of Gatekeeper's Traffic Infraction Management software and enhanced its remote monitoring capability for multiple stop-arm camera projects;

-Decreased total number of cameras shipped by 27% compared to same period 2016, and a 12% decrease year to date in 2017 compared to 2016;

-Decreased total number of DVR's shipped by 29% compared to the same period in 2016, and a 10% decrease year to date in 2017 compared to 2016; and

-The number of stop-arm camera evaluation sites increase from twenty-one to twenty-four, involving 1,862 buses owned by various school districts.

The Company's base business continued to support sales in the second fiscal quarter reaching over $1.3 million. The sales decrease was primarily due to decrease in camera sales and mobile digital recorders of 27% and 29%, respectively, compared to the same period in fiscal 2016.

The number of stop-arm camera evaluation sites increase from twenty-one to twenty-four, involving 1,862 buses owned by various school districts. Gatekeeper is working with school districts, law enforcement, and judicial systems to complete the evaluation phase on these sites and progress to commercial implementation, ideally in the form of revenue-sharing arrangements.

The Company executed its third five-year revenue sharing contract (the "Contract") in the stop-arm camera business with Troup County School District, Georgia. Pursuant to the Contract, Gatekeeper will commence an initial installation of 10 systems consisting of Gatekeeper's Student Protector multilane stop-arm video enforcement cameras and Traffic Infraction Management (TIM) technology. Stop-arm violation fines in Georgia are $300 USD for first time offence, $750 USD for second time offence and $1,000 USD for third time offence.

PRODUCT NEWS

During the second quarter, the Company accomplished the following:

-TIMSTM - Traffic Infraction Management System

Gatekeeper continues its focus on the stop arm recurring revenue business. A third instance of TIMS(TM) (Traffic Infraction Management System) to support Troup County was deployed and went live during the quarter. Release 1.1 of TIMS(TM) software completed testing and was moved into the production environment. In addition to improved operational efficiencies and a refined user experience, release 1.1 introduced a front-end traffic manager that allows for greater flexibility in hosting TIMS(TM).

-304SD1a - Additional Support for High Definition Cameras

Gatekeeper upgraded our best-selling mobile DVR to included support for additional high definition cameras. The newly released 304SD1a is 100% backwards compatible with its predecessor the 304SD1 DVR but increases support for high definition cameras from 1 to a total of 5. The new DVR passed a punishing series of tests including shock and vibration, high/low temperature testing combined with power cycling that is more severe than the normal environment Gatekeepers DVR's experience while in service.

-New High Definition camera

Gatekeeper released the S31-AHD 720p high definition camera. The new camera is compatible with the new 304SD1a DVR and produces stunningly clear imagery. The S31-AHD is priced very competitively and significantly reduces the cost to the end customer of implementing high definition video in the mobile environment.

-SP422 and Video Motion Detection

Gatekeeper released the SP-422A and SP-422IP stop arm camera POD. The SP422 is available in two variants, analog and IP. The analog version will capture the license plates of vehicles in the lane adjacent to a school bus while the IP version will capture the license plates of vehicles up to 3 lanes over from a school bus. In addition, new firmware for the 504HD2 DVR that utilizes video motion detection was also release. This functionality significant reduces the stop arm events that need to be review for a violation. Both the new firmware and SP422 camera pod have been installed in all of Gatekeeper recurring revenue stop arm violation projects.

-Telematics

After the successful conclusion of a field trial in Q1, Gatekeeper has released a telematics connector that allows GPS (location and speed) information generated by a Gatekeeper DVR to be collected via a cellular link and passed through to 3rd party routing and planning software. Now customers can have an accurate record of the route their school bus took. This allows for more efficient planning of bus routes.

MOVING AHEAD

The Company has seen certain areas of its sales funnel in its base business double when compared to the same period last year and is working on closing those sales while expanding sales in multiple markets including the stop-arm camera and transit and law enforcement markets, as well as the transition of analog cameras to high-definition.

To date, Gatekeeper has been working on the following initiatives:

-Working with strategic software and alliance partners to build Gatekeeper brands in its base business as well as other mobile markets;

-Expanding revenue sharing programs with Gatekeeper's stop-arm cameras and Traffic Infraction Management software TIMS(TM);

-Transitioning stop-arm camera evaluation projects to revenue sharing contracts; and

-Expanding distribution of Gatekeeper's high-definition products in the Company's base business.

Doug Dyment, President and CEO of Gatekeeper commented, "I am encouraged by the market support for Gatekeeper that has resulted in this oversubscribed offering. Given increased sales activities we felt it important to add to the Company's working capital. The capital will be used to increase sales and service staff, engineering and marketing programs. Second quarter revenue was lower than expected as we continue to experience lumpy quarters due to the timing of sales. However, year to date revenue is equal to last year. Certain areas of our sales funnel have doubled this year over the same period last year which is an indicator of growing interest in our products. We are also seeing more interest in our wireless solutions which has the potential to increase the average sale per bus. We continue to work on getting our sales team in front of more prospects as well closing opportunities in our sales funnel. I was pleased with our gross margin which increased from 42% in the first quarter to 51% in the second quarter."

Summary of Financial Results and Information

Consolidated Statement of Operations

Three months ended

Six months ended

February 28,

2017

February 29,

2016

February 28,

2017

February 29,

2016

Revenue

$ 1,314,495

$ 1,762,008

$ 2,679,036

$ 2,681,582

Cost of Sales

$ 639,750

$ 823,312

$ 1,431,344

$ 1,341,919

Gross Profit

$ 674,745

$ 902,696

$ 1,247,692

$ 1,339,663

Gross Margin

51%

51%

47%

50%

Expenses

$ 920,420

$ 881,126

$ 1,814,190

$ 1,915,715

Operating Income (Loss)

$ (245,675)

$ 21,570

$ (566,498)

$ (576,052)

Net Income (Loss) for the period

$ (308,143)

$ 66,024

$ (585,343)

$ (511,223)

Income (Loss) per share -

Basic

$ (0.00)

$ 0.00

$ (0.01)

$ (0.01)

Diluted

$ (0.00)

$ 0.00

$ (0.01)

$ (0.01)

Total Assets

$ 3,833,828

$ 3,003,596

$ 3,833,828

$ 3,003,596

Total Liabilities

$ 580,716

$ 886,164

$ 580,716

$ 886,164

Total Shareholders' Equity

$ 3,253,112

$ 2,117,432

$ 3,253,112

$ 2,117,432

Financial Reports

Full details of the financial reports and operating results for the three and six months ended February 28, 2017 are described in the Company's condensed interim consolidated financial statements with accompanying notes and related Management's Discussion and Analysis. These documents and additional information on Gatekeeper is available on SEDAR at www.sedar.com.

About Gatekeeper Systems Inc.

A TSX-V Company since 2013, Gatekeeper Systems Inc. has provided total mobile video security solutions to over 3,500 customers and has installations in every state and province in North America. Customers include school districts, public transit, law enforcement and military.

For more information visit: www.gatekeeper-systems.com.

On behalf of the Board,

Douglas Dyment

President & CEO

Neither the 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.

Cautionary Note Regarding Forward-Looking Statements: Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. As a result, we cannot guarantee that any forward-looking statement will materialize and readers are cautioned not to place undue reliance on these forward-looking statements. For more exhaustive information on these risks and uncertainties, the reader should refer to the risk factors described in the management's discussion and analysis for the period ended February 28, 2017. The forward-looking statements contained in this press release represent our expectations as of the date hereof. We disclaim any intention and assume no obligation to update or revise any forward-looking statements. Forward-looking statements are presented for the purpose of providing information about management's current expectations and plans and allowing investors and others to obtain a better understanding of our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.

Copyright (c) 2017 TheNewswire - All rights reserved.

Marapharm Ventures Inc. announces the acquisition of a second property with approved Conditional Use Permit (CUP) located in Desert Hot Springs, California, for cannabis cultivation

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Tickers: XCNQ:MDM
Tags: Medicinal Marijuana

Kelowna, BC / TheNewswire / May 1, 2017 - Marapharm Ventures Inc."Marapharm" announces that it has entered into an agreement to purchase 7.02 acres located in Desert Hot Springs, CA and that the development has an approved CUP for 102,125 square feet of cannabis cultivation and processing. The purchase price is $2.5 million USD. The agreement is contingent for 60 days, for approval of up to 40,000 square feet of interim facilities, for trailer pods to be brought to the property for interim growing before construction. An interim plan for cultivation was previously approved by the City but was not continued. MSA Consulting Inc. is contracted to renew the process.

Marapharm announced April 17, 2017 that it purchased, without contingencies, 1.22 acres of property located in Desert Hot Springs, CA, zoned industrial and approved for a CUP of 29,193 square feet, for cultivation and processing. Items which are completed in the development process include the required orientation meeting, development agreement, conditional use permit, preliminary review (street improvements, water retention and capacity, utilities, setbacks, grading, fore suppression, fences, walls, etc.), agreement submissions, application preparations submissions, architecture and landscape review, environmental submissions and review, city attorney review, planning commission approvals, city council and several other steps.

ABOUT MARAPHARM VENTURES INC.

www.marapharm.com

Marapharm trades in Canada, ticker symbol MDM on the CSE, in the United States, ticker symbol MRPHF on the OTCQB, in Europe, ticker symbol 2M0 on the FSE.

Marapharm has 300,000 square feet of medical marijuana licenses for its land and facilities in WA and NV. About two and a half years ago, Marapharm applied in Canada to Health Canada for a MMPR (production and sales) license and has passed the necessary security clearances. The application is currently in the in-depth screening process. In September 2016, Health Canada contacted Marapharm with a provision to amend its application to allow for the new regulations, ACMPR.

Construction photos and videos can be accessed through the Marapharm website. Marapharms common shares are publicly traded in Canada, under the ticker symbol "MDM" on the Canadian Securities Exchange, and in the United States, under the ticker symbol "MRPHF" on the OTCQB, and in Europe, under the ticker symbol "2M0" on the FSE.

Additional information on the operations or financial results of Marapharm are included in reports on file with applicable securities regulatory authorities and may be accessed through the CSE website (www.thecse.com), the OTC website (www.otcmarkets.com), and the SEDAR website (www.sedar.com) under the profile for Marapharm Ventures Inc.

FOR FURTHER INFORMATION:

www.marapharm.com or Linda Sampson, CEO, 778-583-4476 emailinfo@marapharm.com

STOCK EXCHANGES:

Neither the CSE, the FSE nor the OTCQB(R) has approved nor disapproved the contents of this press release. Neither the CSE, the FSE nor the OTCQB(R) accepts responsibility for the adequacy or accuracy of this release.

FORWARD - LOOKING STATEMENTS:

Certain statements contained in this news release constitute forward looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", 'may", "will", "project", "should", 'believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements are based on reasonable assumption but no assurance can be given that these expectations will prove to be correct and the forward-looking statements included in this news release should not be unduly relied upon.

Copyright (c) 2017 TheNewswire - All rights reserved.

Regent Pacific Properties Reports 2016 Year End Financial Results

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Tickers: XTSX:RPP
Tags: Real Estate

Edmonton, Alberta / TheNewswire / May 1, 2017 - Regent Pacific Properties Inc. (TSX-V:RPP) ("Regent" or the "Corporation") is pleased to announce its financial results for the year ended December 31, 2016. Regent is a real estate investment company seeking to acquire a portfolio of high-quality income-producing properties. Regent's current portfolio consists of Cassel Centre, a fully-leased, premiere, 72,675 sq. ft. commercial property (the "Property") comprised of a three-storey office tower and single-storey commercial bays, located at 2607 - 2627 Ellwood Drive SW in Edmonton, Alberta.

Year End Selected Financial Results

-Increase in cash of $181,420, growing to a cash position of $256,611 at end of year, a 241% increase over the prior year end cash position

-Income before interest income and finance costs of $1,637,948, an increase of $1,177,987 or 256% over the prior year

-Net income of $656,261, an increase of $1,296,012 over the prior year

-Achieved $0.02 earnings per share.

A complete copy of the financial statements and Management's Discussion and Analysis for the year ended December 31st, 2016 are available on SEDAR.

Neither the 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.

Further information about Regent Pacific Properties is available on the Corporation's website at www.regentpacific.ca and the SEDAR website at www.sedar.com.

For further information, contact:

Eddie W.W. Yu, President and Chief Executive Officer

Telephone: (780) 424-9898

Email: info@cassel.ca

Forward-Looking Information

This press release may include forward-looking information within the meaning of Canadian securities legislation

concerning the business of Regent. Forward-looking information is based on certain key expectations and assumptions made by the management of Regent. Although Regent believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Regent can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. Regent disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any applicable securities laws or any state of the United States and may not be offered or sold in the United States or to the account or benefit of a person in the United States absent an exemption from the registration requirements.

Copyright (c) 2017 TheNewswire - All rights reserved.

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