Puma Exploration Announces the Closing of Private Placement Financing for $219,000
Puma Exploration Announces the Closing of Private Placement Financing for $219,000
– Momentum Public Relations –
Press Release: December 29, 2015
Puma Exploration (TSX VENTURE:PUM)(SSE:PUMA) is pleased to announce the closing of a non-brokered private placement financing of flow-through units with qualified investors. The Company issued 4,380,000 units at an issue price of $0.05 per flow-through units for gross proceeds of $219,000. The flow-through units comprise one flow-through common share and one-half of one common share purchase warrants. Each full warrant gives its holder the right to purchase one common share at a price of $0.10 per share until December 29, 2017.
In connection with this Private Placement, the Company has paid cash finder’s fees in an amount of $16,900 and issued 338,000 finder’s warrants will entitle holder to acquire one additional common share of Puma at a price of $0.05 for 24 months.
All securities issued to purchaser and finder under the Offering are subject to a four-month hold period from the date of issuance of the securities, pursuant to applicable securities legislation and the policies of the TSX Venture Exchange. These placements have received the conditional approval of the TSX Venture Exchange.
The proceeds of the Offerings will be used for the exploration and development of Puma’s properties in New Brunswick and Manitoba.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are the Nicholas-Denys Project and Turgeon Copper Project in New Brunswick and the Little Stull Lake Gold Project in Manitoba. Puma is focusing now its exploration efforts in New Brunswick, Canada.
Learn more by clicking here: www.pumaexploration.com
- Published in Mining, News Home, Puma Exploration
Mobi724 Global Solutions Inc. (MOS:CSE) Announces the Closing of the Acquisition of IQ 7/24 Inc
Mobi724 Global Solutions Inc. (MOS:CSE) Announces the Closing of the Acquisition of IQ 7/24 Inc. and the Closing of a $662,000 Private Placement
– Momentum Public Relations – Dec.24, 2015
Mobi724 Global Solutions Inc. (“Mobi724” or the “Company”) (MOS:CSE), a technology leader in the digital incentives, couponing and payment space, announces that it has successfully completed the acquisition of 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the issued and outstanding shares of IQ 7/24 Inc. (the “Shares of IQ 7/24”), a leading Canadian provider of loyalty and customer-engagement solutions. The transaction is subject to the procedural formality of IQ 7/24 obtaining approval from its two (2) financial institutions.
The transaction includes an equity investment of $500,000 by Mobi724 in IQ 7/24 (the “Equity Investment”), exclusively for the purpose of growing IQ 7/24’s business. An initial $100,000 of the Equity Investment was disbursed at the date of the closing of the transaction on December 22, 2015, a second tranche of $150,000 of the Equity Investment will be paid prior to December 31, 2015 and the remaining amount of $250,000 of the Equity Investment will be disbursed in 3 instalments in January, February and March 2016. The purchase price for the Shares of IQ 7/24 will be paid in 2018 and will be based on agreed upon multiples of the revenue generated by IQ 7/24 in 2017 and during the first 6 months of 2018. The Equity Investment will be applied towards the purchase price of the Shares of IQ 7/24 acquired on December 22, 2015 and the payment of the balance of the purchase price (the “Balance”) will be paid 70{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} in cash and 30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} in common shares of Mobi724 however the sellers have the option of receiving a larger percentage of the Balance in common shares of Mobi724 and a lower percentage of the Balance in cash.
In addition to creating a gain in operational efficiencies, through the sharing of datacentre, administrative and operating facilities, this acquisition will enable Mobi724 to incorporate IQ 7/24’s portfolio of global brands), as well as a full suite of additional loyalty functionalities, into Mobi724’s portfolio of solutions, including data analytics and expertise and rules based transactional platform. This acquisition will also add IQ 7/24’s proven capabilities to leverage data intelligence functionalities to enhance the global portfolio profitability of issuers’ cards.
“I.Q. 7/24’s multi-year agreements provide an attractive revenue model as they generate 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of recurring revenues,” stated Marcel Vienneau, CEO of Mobi724.
“We have been working closely with Mobi724 for some time and we are excited to formally become part of the Mobi724 family” declared Daniel Tardif, President of I.Q. 7/24.
Since the transaction is effective since April 1, 2015, Mobi724 will restate its financial statements to incorporate IQ 7/24’s financial statements as of April 1, 2015.
Closing of Private Placement of $662,000
Mobi724 also announces that it has successfully closed a Fourth Tranche private placement of $662,000 forming part of the $3,000,000 financing authorized in June 2015 of which $2,147,704 (including the funds raised through the secured convertible debenture issuance) has been raised to date. Pursuant to the private placement, 8,024,242 common shares of the Company were issued at a price of $0.0825. Some holders of the Fourth Tranche also received one (1) common share purchase warrant for every common share issued exercisable at a price of $0.0825 no later than March 31, 2016. The common shares are sold pursuant to exemptions from prospectus requirements to purchasers in Canada and will be listed on the CSE and will be subject to a four month hold period from the date of closing.
Conversion of Bona Fide Debt by Consultants and Management
The Company also announces that together with the closing of the Fourth Tranche private placement, the Company has issued 1,359,690 common shares in the capital of the Company at a price per share of $0.1125 resulting from the conversion of bona fide debt related to arm`s length consultant services and salary owed to management. The securities of the Company issued pursuant to the private placement are subject to a four-month hold period. The consultants and employees who have accepted common shares have satisfied the purchase price for the common shares by way of set-off of an aggregate amount equal to $152,965. The Company is extinguishing debts through the issuance of common shares as a means to reduce its level of accounts payable while preserving cash.
Conversion of Bona Fide Debt by IQ 7/24
Mobi724 also announces that prior to the completion of the aforementioned transaction with IQ 7/24 the parties agreed that the Company would issue 2,000,000 common shares of Mobi724 at a price per share of $0.05 to convert a bona fide debt owed by the Company to IQ 7/24. The 2 million common shares of the Company issued pursuant to this conversion of debt are subject to a four-month hold period.
Renewal of an Unsecured Convertible Debenture held by an Institutional Investment Fund
Mobi724 has renewed the terms of a convertible unsecured debenture issued on October 30, 2014 to an institutional investment fund in the amount of $1 million. The existing convertible debenture bears interest at a rate of 10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and matures on December 31, 2015. The capital carried forward of the renewed convertible debenture, which will accrue interest at a rate of 12{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per annum and mature on December 31, 2015 (the “New Maturity Date”), is equal to $1,117,954. The renewed convertible debenture will be convertible at the option of the holder into common shares of the Company, on or prior to the New Maturity Date, at a conversion price of $0.35 per common share subject to a price adjustment clause, which is also subject to the Canadian Securities Exchange.
About I.Q. 7/24 Inc.
I.Q. 7/24 Inc. is a leading Canadian provider of loyalty and customer-engagement marketing solutions, driving increased retail profitability by creating customized retention, activation and loyalty programs. It has developed over the last 7 years as one of the most innovative and robust loyalty and rewards redemption platforms in the market. I.Q. 7/24 provides an agile, state-of-the-art technological platform as well as consulting services to manage programs and maximize retail ROI. I.Q. 7/24 presently specializes in both the automotive and power-sports industries, with about 300 dealerships across Canada and is expanding its expertise to include the hospitality and general retail sectors
About Mobi724 Global Solutions
Mobi724 Global Solutions (MOS:CSE), a corporation based in Montreal, Canada, is a technology leader in digital incentives and payment solutions. It offers a unique and fully integrated suite of solutions – PAYMENT-COUPONING AND LOYALTY all in one.
Our vision is to enhance the value of commoditized payment transactions to the players in this eco-system (ex: customers, banks, mobile carriers and retailers) by adding layers of intelligence to these transactions (i.e. smart transactions) in a seamless manner.
Mobi724 Global Solutions unleashes the true potential of both payment and couponing/rewards transactions for both online and offline points of sale.
The Corporation is fully dedicated to delivering unique “real time” and seamless digital promotional incentives (coupons including card linked coupons, bank cards, loyalty rewards) embedded into the most secured payment environment. The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enable retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Their credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
Mobi724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
Dealnet’s Consumer Finance Segment Announces Expanded Credit Facility With Material Reduction in Cost of Funds
TORONTO, ONTARIO–(Marketwired – Dec. 21, 2015) – Dealnet Capital Corp. (“Dealnet” or the “Company”) (TSX VENTURE:DLS), is pleased to announce that the Company’s consumer finance segment has entered into an agreement with the investment management arm of one of Canada’s leading insurance companies (the “Lender”) to amend and increase the Lender’s existing debenture facility (the “Debenture Facility”) with the Company (the “Amendment”).
Currently, the Company has issued one debenture to the Lender under the Debenture Facility for $3 million, maturing in March 2018 and a current interest rate of 12{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} (the “Initial Debenture”).
The principal amendments to the Debenture Facility include, among others, the following terms:
- An increase in the Debenture Facility of up to $100 million from the existing limit of up to $50 million, at the option of the Lender, with an initial draw on closing of the Amendment of $7 million which is expected to occur in January 2016 (bringing the total amount outstanding under the Debenture Facility, including the Initial Debenture, to $10 million);
- A decrease in the rate on the Initial Debenture to 5.99{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce};
- For all future advances, a rate fixed at the time of advancement equal to the 10 year Government of Canada Benchmark Bond Yield + a margin ranging from 4.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to 3.8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} (with the margin declining as the total advancements under the Debenture Facility increases);
- An increase in the term of the Debenture Facility to up to 10 years from the date of issuance of each debenture, from the existing term of three years; and
- Funds from the Debenture Facility may be used for a wider variety of consumer financing products, including leases and loans of HVAC equipment, home improvement and other unsecured consumer finance loan products, subject to meeting minimum credit quality, default rates and concentration requirements.
As part of the Debenture Facility, the Company will issue to the Lender on closing 2,000,000 common share purchase warrants, with an exercise price of $0.67, and a term of three years, exercisable into 2,000,000 common shares of the Company. The warrants and the underlying common shares shall be subject to a four month hold period from the date of issuance of the warrants.
“We are delighted to have achieved this essential milestone which strengthens our treasury capacity and significantly reduces our cost of funds,” noted Michael Hilmer, CEO of Dealnet. “The fact that this facility is effectively an increase at a lower cost from an existing funder illustrates the confidence in our platform, and the latitude of our originated loan capacity. We look forward to adding to our underwriting capacity on an ongoing basis.”
The closing of the Amendment and the issuance of the warrants is conditional upon certain customary conditions being met, including final documentation and obtaining any necessary regulatory approvals, including the approval of the TSX Venture Exchange.
Forward Looking Statement
This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
About Dealnet Capital Corp.
Dealnet is an engagement enabled consumer finance company that is initially focused on home improvement finance solutions including heating ventilation and air conditioning financing and leasing. Dealnet leverages its large scale customer service and engagement technology platform to attract home improvement dealers by providing front and back office services to them resulting in dealer origination growth.
For additional information please visit www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Dealnet Capital Corp.
Michael Hilmer
CEO
+1-416-420-5529
mhilmer@dealnetcapital.com
Dealnet Capital Corp.
Nicole Marchand
Investor Relations
+1-416-428-3533
nmarchand@dealnetcapital.com
- Published in Dealnet News, News Home
IWS in the Spotlight Following Paris Climate Change Conference
IWS in the Spotlight Following Paris Climate Change Conference
– Momentum Public Relations – Dec. 18, 2015
International Wastewater Systems Inc. (“IWS” or the “Company”) (CSE:IWS)(FRANKFURT:IWI) is pleased to provide shareholders with an update on its activities.
Following the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21) this month, the buildings sector’s central role in mitigating climate change is increasingly in focus. For the first time in the history of climate negotiations, a Buildings Day was held on December 3rd at the COP21 (see details at: http://web.unep.org/climatechange/buildingsday).
Buildings are responsible for more than 30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of global greenhouse gas emissions. If current trends continue, CO2 emissions caused by the sector are expected to increase by 70{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} by 2050 and energy consumption will double (UNEP). Following the commitments to carbon reduction made at COP21, public and private stakeholders are targeting the complete decarbonisation of the sector, with an immediate focus on existing technologies that offer environmental and economic efficiencies.
The historic commitments made at the COP21 in Paris are aimed at limiting the global temperature increase since the Industrial Revolution to 2 degrees Celsius – the point beyond which scientists believe catastrophic climate change will occur. The International Energy Agency (IEA) estimates that it will require $16.5 trillion of spending on renewables and energy through to 2030 to achieve this goal.
Unique opportunities for new services and products stemming from the renewable energy and energy efficiency streams in the buildings sector are further being supported by global shifts in policy. The European Union has committed to eliminate the negative climate impact of buildings, targeting GHG reduction opportunities of up to 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} by 2050. Cities are also independently targeting the decarbonisation of buildings. Vancouver has committed to derive 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of their energy from renewable sources before 2050 by focusing on buildings and transportation (see details at: http://vancouver.ca/files/cov/renewable-city-strategy-booklet-2015.pdf)
In the context of the Climate Change Conference in Paris, IWS has seen increased inquiries from stakeholders ranging from federal governments, real estate owners & developers, and utilities. In all cases IWS is identified as a proven technology offering building owners an immediate action in the pursuit of carbon neutral buildings. Awareness of IWS systems is also growing due to recent awards and high profile installations; in the United States the Company received a Green Building Innovation award (http://www.ahrexpo.com/forvisitors/innovation_winners.php) and in Europe an IWS project was inaugurated by Scotland’s Minister of Energy http://www.bbc.com/news/uk-scotland-south-scotland-35039456).
IWS is actively working with the public and private sectors to facilitate the integration of the Company’s renewable energy systems in buildings worldwide. IWS systems can provide up to 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of a building’s heating and hot water requirements, using an inexhaustible renewable energy source: wastewater. The dramatic reduction in building energy costs provides IWS projects with faster paybacks and attractive, predictable yields. IWS systems can be purchased, leased, or financed by entering into long term Heat Supply Agreements with IWS at discounted energy rates.
With current installations at industrial, residential and commercial buildings in Canada, the U.S and Europe, and with increased demand worldwide, IWS is poised for significant growth in 2016.
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, 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.
International Wastewater Systems Inc.
Yaron Conforti
CFO and Director
(416) 716-8181
- Published in International Wastewater Systems, News Home
The Canadian Economy is Resilient
The Canadian Economy is Resilient
Momentum Public Relations
The volatility of oil prices has been a major global economic factor for the past few years. The unprecedented price drop from levels of close to $100 a barrel in June 2014 down to the mid 30’s a barrel in December 2105 has had a gigantic ripple effect in every industry and in every part of the world.
As we approach 2016, where will oil prices go and how will this impact the overall economy of Canada? Investors, businesses and consumers are watching closely. To suggest that there is a lot of nervousness in the market is an understatement. Accompanying this concern is a number of forecasts that anticipate further oil price drops. At the same time, other forecasters provide strong reasons why there will be a price recovery. Of course, if anyone was actually capable of making a credible prediction on the price and supply of oil the investment community would be paying much closer attention.
The price of oil impacts the Canadian economy differently when it is contrasted with most of the other larger economies in the world. The difference is due to the complexity of Canada being almost equally a producer and a consumer of petroleum. If Canada was primarily an importer or a major net exporter the help/hurt argument would be much more clear. Canada’s economic sectors that rely on the production of oil are suffering from a drop in prices making a return on investment challenging. The inescapable reality is that lower revenues produce a reduction in profitability. At the same time, other important sectors in Canada, like manufacturing and transportation, stand to benefit from a cost reduction for fuel and raw materials.
The short term pain of lower oil prices may actually be beneficial for Canada in the medium term. Sure, in the short term, there is evidence that this is having a significant negative impact in Canada, particularly in places like Alberta. Lagging indicators such as the low rate of GDP growth, the Bank of Canada’s key interest rate and rising regional unemployment are all cause for concern. Nonetheless, there are three reasons why investors and interested observers should be encouraged to take a slightly longer view of the prospects of Canada’s ability to weather the storm.
- Oil is here to stay. The fundamental need for petroleum products is not about to evaporate. Unlike major transitions in technology that have occurred in history, the need for oil and its derivative products will continue. When wood gave way to coal and coal to the use of oil there were substantial technical advances that accompanied each shift. At the moment there is no game changing technical advance that is emerging to render oil obsolete. With little prospect of diminishing tension in places like the Middle East there will continue to be a need for a reliable supply of oil and gas for big consumers like China, Japan and the USA. Even if the consumption of gasoline fell due to the use of alternative energies there would continue to be a very large need for a wide variety of chemicals, consumer goods and medical products that are manufactured from petroleum. Typical products of this sort are listed on this link.
http://www.ranken-energy.com/products{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}20from{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}20petroleum.htm
- An exceedingly diverse economy. Canada is in a far better position to maneuver and manage in a volatile environment. Countries like Russia, Saudi Arabia and even the United States have more compelling concerns. Russia and Saudi Arabia are undoubtedly being forced to deal with a major budgetary shortfall at the moment. The United States has to make a number of important strategic decisions regarding long term supply in an environment where predicting the future is extremely challenging. Canada, on the other hand, is likely to suffer a relatively small loss of overall revenue and may actually see some stronger growth in the medium term if the Canadian dollar remains weak. The complexities and concerns associated with falling oil prices for a number of countries who have much more to lose is outlined in a recent post by Ravi Srikant.
http://www.investopedia.com/articles/investing/051315/complex-story-global-impact-low-oil-prices.asp
- Cities emerging as wealth hubs. The growth of the Canadian economy is, like most major economies in the world, increasingly centered in cities rather than in resource extraction or the sale of commodities. There are six Census Metropolitan Areas (CMAs) in Canada that all have relatively high employment levels and continue with a track record of significant job growth. They are Montreal, Toronto, Vancouver, Ottawa-Gatineau, Calgary and Edmonton. These locations account for roughly 50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of Canada’s employment and consequently are a major centre for wealth creation. A great amount of the economic activity in cities comes from the development of new technologies that make new services and product possible. This phenomenon is displayed in Professor Livio Di Matteo’s graph.
http://www.macleans.ca/wp-content/uploads/2015/11/Di-Matteo.png
Some people believe that history repeats itself. In the case of oil, that would mean that the world will see prices that move higher before very long. The theory that what goes up must come down (and vice-versa) is a compelling one. It may be more important to learn from history rather than be resigned to it. Short term issues aside, Canada’s wealth of natural resources is complimented by its open economy and well educated workforce. The future price of oil is anyone’s guess. The future of the Canadian economy, however, isn’t dependent on low or high priced oil. It is dependent on making wise choices around new technologies and ensuring that the cities, that are driving growth, are adequately resourced and that the infrastructure they require to compete effectively on the world stage is second to none.
- Published in Blog, Business, Oil and Gas
Equitas Resources Corp. Intercepts Disseminated Sulphides over 69 Meters at the Garland Property
Equitas Resources Corp. Intercepts Disseminated Sulphides over 69 Meters at the Garland Property
Canada NewsWire
VANCOUVER, Dec. 16, 2015
VANCOUVER, Dec. 16, 2015 /CNW/ – Equitas Resources Corp. (TSXv: EQT; FSE: T6UN; US: EQTRF) (“Equitas” or the “Company”) is pleased to provide an update of the Phase One drill program at the Garland Property in Labrador, Canada.
- Borehole GP15-005 at the Cominco Showing intersected disseminated pyrrhotite-chalcopyrite-pyrite over a 69m interval from surface.
- Crone Pulse Electromagnetic (PEM) surveying of borehole GP15-004 has produced a complex anomalous response that may indicate a significant good quality conductor near the hole, in the modelled depth range for buried Voisey’s Bay type deposits.
- Regional and property scale data synthesis has interpreted the major E-W lineament in the northern portion of the property to represent the southern margin of the graben structure hosting the Voisey’s Bay mine.
The autumn program completed five diamond drill holes totaling 1678m. A total of 281 core samples were submitted to Activation Laboratories. Crone PEM surveying has been completed at nine of the thirteen target areas. The field camp and drill rig have been stored onsite in anticipation of start-up of operations in early 2016 when safe lake ice conditions are present.
BH GP15-005 (collar at X_NAD27 585525, Y_NAD27 6218100N, elev. 240m, Az. 000, Dip -88) drilled in an area known as the Cominco Showing, was completed to a depth of 163.0m to sample an historic showing of Ni-Cu-Co in gabbro-norite. Values of up to 0.15{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} nickel and 0.10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} copper were reported by Cominco Ltd. in 1995 from surface sampling of a NE trending area of gossan 125m in length and up to 20m wide. No sulphur or precious metal analyses were reported for this work.
From collar to 69.0m a zone of weakly mineralized variably textured medium to coarse grained norite was encountered. The section contains trace to 1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interstitial to locally blebby pyrrhotite-pyrite-chalcopyrite, with decimeter sections estimated to contain up to 10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} sulphide. A granitic unit was encountered between 69.0 m and 118.0m. From 118.0m to 163.0m an un-mineralized norite was encountered.
The two best length-weighted intervals are as follows:
From (m) |
To (m) |
Interval (m) |
Ni{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Cu{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Co (ppm) |
S{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
19.9 |
24.5 |
4.6 |
0.08 |
0.10 |
70 |
1.33 |
54.5 |
56.0 |
1.5 |
0.11 |
0.14 |
93 |
1.77 |
Analyses for palladium, platinum and gold returned background values for the mineralized interval.
Commenting on the results of BH GP15-005, VP Exploration Everett Makela stated “Although no semi-quantitative estimates for grade potential can be made due to the relatively low sulphide concentrations, results to date lend some encouragement for the possibility of there being an economic deposit associated with this mineralization. Observations of the core indicate a dynamic component to emplacement, including recognizable inclusions, textural and compositional variations. Isolated plagioclase feldspar megacrysts display rounding, possibly indicative of transport from an underlying chamber, an environment favourable for massive sulphide deposition. The area warrants further examination, and a detailed surface Crone PEM survey is planned as a top priority for the 2016 exploration program.”
Photographs of the core and also an updated map are available on the Equitas website.
BH GP15-004 (collar at X_NAD27 579221, Y_NAD27 6217311, elev. 272m, Az. 000, Dip -88) was cored to a depth of 495m, designed to intersect VTEM anomaly Q, at an interpreted depth to top of 425m. This anomaly has been interpreted as a broad, slowly decaying response in the B-Field Tau product of the VTEM data. Anomalies of this type can represent signature of large massive sulphide systems.
The hole encountered diorite from collar to 230.5m, hosting a younger granitic sheet between 35.6m to 114.4m. Below 230.5 to end of the hole drilling encountered a sequence of granite gradational to diorite. Crone PEM survey of this hole detected a possibly very significant off-hole response at around 230m depth.
Geophysical consultant Alan King commented “A Crone PEM survey of BH GP15-004 at the end of the field season produced a complex anomalous response that could indicate a good quality conductor in or near the hole. Nothing intersected in the hole is indicative of a strong conductive source although a structurally disturbed zone is located at about the same depth. The contractor indicated that there may have been some problems with the BHEM data after the hole was logged in two passes to overcome poor downhole conditions. Best fit quantitative modeling suggested the possibility of two off-hole NW striking, steeply NE dipping plates with a combined target dimension of 250m along strike and 300m down-dip. Depth to the top of the modeled bodies is estimated at 230m and conductance at about 1000S. However this model was a poor fit in some components of the data suggesting that there may some problem with the data. It is possible that this apparent anomaly could also be entirely due to problems with the data collected or some combination of data problems and real conductors. A detailed PEM re-survey of the hole will be conducted to validate the response in advance of drill testing when the field program resumes in Q2 2016.”
Commenting on the results of the Crone survey of GP15-004, VP Exploration Everett Makela said “while by no means a sure thing, the interpreted size, conductivity and depth accords well with our model for buried Voisey’s Bay analogues. This will be a first priority for the next phase of exploration in Q2 of 2016. We plan to re-position the drill rig on the hole and complete a detailed Crone PEM downhole survey to confirm the response before drill testing.”
A third focus for further exploration was defined by synthesis of regional and property scale magnetics, ground gravity and geological data. The major E-W lineament in the northern portion of the property has been interpreted by consulting geophysicist Alan King as representing the southern margin of the graben structure hosting the Voisey’s Bay mine, considered to have been emplaced along the northern wall of the graben. This structure on the Garland property is coincident with VTEM anomalies D, O and P, as well as a Ni-Cu-Co lake sediment anomaly comparable to the anomalies adjacent the Voisey’s Bay mineralization.
Commenting on results to date, VP Exploration Everett Makela said “The mineralization intersected at the Cominco Showing, the interpretation of PEM data from borehole GP15-004 at anomaly Q, and recent highlighting of the possible major significance of the E-W lineament adjacent anomalies D, O and P have provided us with three solid exploration focus areas for the next program, anticipated to commence as soon as safe lake ice and optimal late winter conditions are present. We are fully funded for the next phase and have the economic and logistical advantages of a camp and drill rig already at site.”
During the 2015 program, exploration has eliminated several of the targets as follows:
Crone surface PEM surveys at anomalies A, B and G did not locate significant conductivity. These response signatures have been explained by highly magnetic lithologies coupled with low receiver bird height, creating an apparent VTEM conductivity anomaly termed Super Para-Magnetic effect (SPM). These targets are of no further exploration interest.
Crone surface PEM surveying at anomalies H, I, and K did not detect any conductive anomalies, and these targets are also considered of no further interest.
BH GP15-002 (collar at X_NAD27 576548, Y_NAD27 6217988, elev. 145m, Az. 000, Dip -90) completed to a depth of 150m, was designed to test coincident VTEM and Crone PEM responses at anomaly C. Drilling encountered diorite from collar to 76.1m, and norite to end of hole. A zone of disseminated to locally stringer graphite encountered between 62.2m to 71.6m is the likely cause of the anomaly. No significant sulphides were encountered. A Crone PEM survey of the borehole did not locate an off-hole response worthy of further drill testing. No further work is planned for the anomaly.
BH GP15-003 (collar at X_NAD27 583420, Y_NAD27 6217214, elev. 241m, Az. 000, Dip -75) was completed to a depth of 494m. Designed to test VTEM anomaly J, the borehole encountered norite with subordinate granitic dykes from collar to 155.3m. This upper sequence of norite contains trace pyrrhotite +\- chalcopyrite throughout, locally reaching concentrations to 1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} over 20 cm in associated with coarse patches of magnetite. Analyses revealed only low Ni-Cu-Co values associated with the sulphide. Below 155.3m to end of hole geology encountered is norite with lesser granite. Crone PEM survey of the borehole did not locate a probable source of the VTEM anomaly. This target is of no further interest.
Quality Control
The drill core samples were cut in half by diamond core saw under Company supervision at the Garland field camp. Generally, 0.5 to 1.0 metre sample intervals were selected. Individual halved core samples were labeled, placed in plastic sample bags, and sealed. Groups of samples were then placed into durable rice bags and shipped out on two occasions. Chain of Custody was maintained throughout transportation of the samples from the Garland field camp to Activation Laboratories (Actlabs).
All core samples were prepared and analyzed at the Actlabs, ISO 17025 accredited facility in Ancaster, Ontario. Base metals and major elements were tested with the four-acid (near-total) digestion with ICP finish (1F Method). The samples were also tested by fire assay with ICP/OES finish for gold, platinum and palladium (IC-expl Method). Analytical QC for the digestion is 14{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} for each batch, 5 method reagent blanks, 10 in-house controls, 10 samples duplicates, and 8 certified reference materials. Additional field duplicates were included.
NI 43-101 Disclosure
Everett Makela, P. Geo., VP Exploration for Equitas Resources Corp., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
For further information on Equitas, please see the Company’s website www.equitasresources.com or contact:
Sean Kingsley, Manager, Corporate Communications at 604-681-1568 or toll free 1-877-377-6222.
About Equitas Resources Corp.
Equitas Resources is a Canadian-based mineral exploration company with a focus on nickel, copper, platinum group metals (PGM) and cobalt. The Company’s Garland Property is 23,386 hectares and located in the Voisey’s Bay district of Labrador, Canada.
On Behalf of the Board of Directors,
EQUITAS RESOURCES CORP.
“Kyler Hardy”
Kyler Hardy
President
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.
Forward-Looking Statements
It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Examples of forward looking statements in this news release include, but are not limited to all references to exploration plans for 2016; indication that PEM surveying of bore hole BH GP15-004 could indicate a significant good quality conductor near the hole; any references to there being an economic deposit associated with results of BH GP15-005; the statements that these areas are favourable for massive sulphide systems; the PEM survey of BH GP15-004 indicates a good quality conductor is near the hole and suggestions that the apparent anomaly could be due to problems with the data. Risks and uncertainties include economic, competitive, governmental, environmental and technological factors that may affect the Company’s operations, markets, products and prices. Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our properties; that we may not complete environmental programs in a timely manner or at all; that market prices for nickel may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties.
Readers should refer to the risk disclosures outlined in the Company’s Management Discussion & Analysis of its audited financial statements filed with the British Columbia Securities Commission.
SOURCE Equitas Resources Corp.
- Published in Equitas Resources, News Home
International Wastewater Systems: The Next Disruptor In The Greentech Space
Heat from Wastewater: A Very Green Investment Opportunity
– Momentum Public Relations –
The recent COP21 summit in Paris featured a variety of strong messages from various world leaders related to the need for a reduction of greenhouse gas emissions. There are a variety of nuances in their statements however their overall message can be summed up by the following statement; the status quo is not an option. Every country needs to change its approach to energy and lower Co2 emissions. Canada’s Prime Minister Justin Trudeau’s speech at the summit highlighted his commitment to make Canada a global leader when it comes to reducing carbon emissions. The Liberals provided a very large figure to show its dedication to the cause and have pledged to spend an extra $5.65 billion over the next four years on green infrastructure. The Prime Minister later discussed the importance of implementing some form of carbon pricing at an event held by the World Bank where he explained carbon pricing as “a crucial tool to begin the shift we need towards sustainable economic growth.”
Watch Video: Justin Trudeau tells Paris climate summit Canada ready to do more
Technological advances can contribute to meaningful reductions in energy use and emissions. Many new technologies are complex and have questionable return on investment metrics. Wise investors must evaluate how technological advances can translate into investment opportunities. There are numerous examples of good ideas that don’t translate into good investments. However, it is reasonable to wonder when the time is right to invest in an emerging idea or business. Is there merit in waiting to assess the ultimate commercial viability of a technology before making a significant investment commitment?
Many solutions to today’s energy challenges are simple and right in front of us. Investing in emerging technologies comes with inherent risks however it can be helpful to test any potential investment by using four investment evaluation principles that evaluate the potential of an opportunity. One such opportunity is International Wastewater Systems (IWS:CSE) and their SHARC technology.
Four Investment Evaluation Principles:
1.Is it simple?
2.Is the business model viable?
3.Is the potential large enough?
4.Is it disruptive?
Is it simple?
Investment opportunities need to be understandable. A complicated story around a technology often makes the product or service harder to explain to an investor. If an investor doesn’t understand it a customer won’t either. Consequently, simplicity matters . Sometimes investment in innovation is not about spending millions in research. Often, major investment opportunities are found by discovering companies that are developing innovative ways to use existing technologies.
In almost every home and building large quantities of heat in water is discarded. Typically, water enters buildings at 7-9 degrees Celsius and leaves into the sewer system at 20-25 degrees Celsius. The IWS SHARC solution extracts heat from waste water and captures it in a closed system allowing it to be reused. When captured, this wasted heat is used to meet as much as 50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of a building’s energy requirements. This allows the warmth from waste water to be captured and transferred to clean water with no risk of cross-contamination. Even though the technology is complex, the solution is simple and the benefit is easily understood.
Is the potential large enough?
Investment in a technology with a narrow base of potential customers is often risky. An emerging technology needs to have a broad potential market in order to grow quickly and produce a reasonable return. Flexible and scalable technologies present more viable commercial opportunities with better ROI.
International Wastewater Systems SHARC solution has proven effective in buildings and installations that are as small as 60,000 square feet and as large as several million square feet. Virtually any building is a potential user of this product. Depending on the scope of the installation, the payback from recycling wasted energy averages 3-5 years making it more attractive than new installations of solar or wind energy. Capturing wasted heat is more cost effective than installing new methods of energy generation. In addition, the technology works in new facilities or may be retrofitted in existing buildings. This means that the market potential is huge. Not surprisingly, the SHARC solution is being deployed in places as diverse as Camden County, New Jersey, Seven35 Condominium complex in Vancouver, Canada and Borders College in the southeast of Scotland.
Is it disruptive?
Investment opportunities in new or emerging technologies usually need to disrupt a market or change an existing paradigm in order for an investor to be motivated to take a position early in the company’s growth cycle. A disruptive technology displaces an established way of doing things. It may also shake up an existing industry or become a component in a completely new industry.
The fundamental concept of a major change to how wasted energy in waste water is captured and reused is highly disruptive.The SHARC system that has been developed by IWS is changing the way that building owners and government stakeholders view energy conservation. Yet it uses well proven technology that is designed to be trouble free with full backup capacity providing for zero down time. Furthermore its flexibility is also a disruptive force. It can be tailored to almost any size facility and functions in either heat exchange or heat pump applications. It even measures its own ROI. A typical installation includes a DDC or BACnet interface and a wireless or Ethernet connection for data retrieval and instantaneous calculation of COP and GHG savings.
Is the business model viable?
Investment opportunities need to consist of much more than a great idea or an incredibly innovative product. They require finely tuned management expertise and a sound business model coupled with a clear value proposition.
Lynn Mueller, President and CEO of International Wastewater Systems, was previously President of Water Furnace and Earth Source Energy, the world’s largest installer of heat pumps. He has assembled an experienced team of people who have significant expertise in the geothermal heat pump and renewable energy industries. IWS created the SHARC system as a response to a clear need for an easy, maintenance-free solution to address the need for energy efficiency. They did it using their expertise in geothermal heat pumps and chillers.
Watch Video: CEO Lynn gives a virtual tour and explains installation that is providing heating and cooling for the 60,000 sq/ft Gateway Theatre building in Richmond, British Columbia.
The company has continued to ramp up its order book in 2015 with significant revenue growth in its pipeline. IWS has also established marketing and distribution channels in 40 US states and in Canada. A recent IWS press release highlights the major upcoming projects: CORPORATE UPDATE
Additionally, it has been supported financially by leading institutional green energy investors. Recently, IWS’s fully owned UK based subsidiary (SHARCenergy.com) secured a £4 million investment from Equitix and the UK Green Investment Bank plc (GIB) to finance the installation of what will be the first major system in a new program that could see sewage heat recovery systems installed across the UK.
Today: (the 8th of December, 2015)
The UK’s Energy Minister, Fergus Ewing will help with the official unveiling and launch of the SHARC system that will provide 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of heat needed at the Borders College campus.
Read More: UK’S first heat from sewage scheme to be launched in Galashiels
All are welcome to attend and take one of the scheduled tours, but more notably, some of the World’s largest greentech / renewable energy funds will be attending the inauguration of UK’s first SHARC energy system.
IWS.C has only been available to investors as a publically listed company for a little over a month, which makes this early stage opportunity’s upside potential all the more rewarding. Things can move quickly, the public, through increasing media exposure, is starting to understand the direction and huge potential that IWS represents. Potential clearly highlighted in a recent interview with International Wastewater Systems UK division’s CEO, Russell Burton. Mr.Burton, “founder and chief executive of Leicester-based SHARC Energy Systems said the firm’s turnover would jump from about £3 million to about £60 million in the next three to five years.”
Full Interview with Russell Burton, CEO: Sales Bonanza for Renewables Firm SHARC Energy Systems
Conclusion:
Sewage isn’t as inherently attractive as solar or wind power but the SHARC system represents an accessible, cost-effective renewable energy system that is fully commercialized.
The consensus that is emerging at conferences like the COP21 summit in Paris supports the need for simple, cost effective and easy to implement technologies that will radically change the trajectory of the climate change reality. The future of our planet may depend upon the extent to which countries and stakeholders collaborate in the effort to reduce Co2 emissions. Energy users like municipalities and building owners are increasingly being challenged to efficiently decrease their greenhouse gas emissions. Investors need to pay attention. Challenges like this generate major investment opportunities. Ultimately, a company like IWS provides investors with an opportunity for significant return in a market space that is going to be an important dimension of the emerging economy.
- Published in Blog, International Wastewater Systems
Aurora Announces Exclusive Rights to Cannabis Inhaler
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 5, 2015) – Aurora Cannabis Inc. (“Aurora” or the “Company”) (CSE:ACB)(OTCQB:ACBFF)(FRANKFURT:21P)(WKN:A1C4WM) is pleased to announce that it has entered into a letter of intent (“LOI”) for exclusive distribution rights to Mystabis, a revolutionary inhaler that provides pressurized metered doses of cannabis.
The terms of the arrangement allow Aurora sole Canadian distribution of the device. The ability to administer metered doses is something that both patients and the medical community have been waiting for eagerly. Without the use of any form of heat or combustion, this pressurized inhaler (“pMDI”) delivers exact quantities of cannabinoids in a manner that provides rapid medicinal effects while preserving the entourage effects of the cannabinoids and terpenoids. Physicians will find the delivery mechanism to be very familiar and will appreciate the precision controlled per dose delivery of both the THC and CBD dominant formulations.
Terry Booth, CEO, commented, “We are very excited to have the opportunity to bring what we believe to be a game-changing medical device to Canadians. Aurora’s scientists and our American partner scientists have conducted extensive research into the validity of this device and are confident that Health Canada, healthcare practitioners and patients are likely to recognize this easy-to-use delivery system as being amongst the safest, most consistent, and most reliable methods of effectively administering medical cannabis.”
The proposed transaction is subject to the completion of satisfactory due diligence. The finalized terms will be released upon closing of the definitive agreement.
Operations Update:
The Company is also pleased to provide an update of the status of its application to amend the license allowing for the sale of medical marijuana. The Company’s Chief Brand Officer, Neil Belot, commented, “As the Marihuana for Medical Purposes Regulation (“MMPR”) continues to evolve, Licensed Producers are being held to increasingly stringent standards by Health Canada, and Aurora welcomes the added scrutiny from the inspectors from Health Canada’s Regions and Programs Bureau who have been visiting the facility over the past few weeks. Aurora has been in continual dialogue with Health Canada’s Office of Medical Cannabis and is confident that these extra steps in the sales licencing process are in the best interest of Aurora shareholders, patients and the Office of Medical Cannabis. Our goal has always been to raise the bar for the medical cannabis industry in Canada and we are thrilled to be setting the new standards. Moving forward, we believe all Licenced Producers will be held to the same standards during their annual license renewal process and patients across the country will have an improved experience overall.”
About Aurora Cannabis Inc.
Aurora’s wholly-owned subsidiary, Aurora Cannabis Enterprises Inc., is a licensed producer of medical marijuana pursuant to the Marihuana for Medical Purposes Regulations and operates a 55,200 square foot expandable state-of-the-art production facility in Alberta, Canada. Aurora’s wholly-owned subsidiary, Australis Capital Inc., seeks to be an active participant in the U.S. Cannabis market.
On behalf of the Board of Directors,
AURORA CANNABIS INC.
Terry Booth, CEO
Certain information contained in this news release, including information respecting the Company, the LOI, anticipated sales license approval, production capacity, production yields and other aspects of its anticipated future operations may be deemed “forward-looking”. All statements in this news release, other than statements of historical fact, that address events or developments that Aurora expects to occur, are “forward-looking information”. These statements relate to future events and reflect Aurora’s current expectations or beliefs and are based on information currently available to Aurora. Such forward looking information are based on the Company’s current operations, estimates, forecasts and projections and other factors and events that are not within the control of Aurora and there is no assurance they will prove to be correct. Forward-looking information is not a guarantee of future performance and actual results and future events could differ materially from those discussed in the forward-looking information. All of the forward-looking information contained in this news release is qualified by these cautionary statements. Although Aurora believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. Aurora expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.
The CSE, securities commission or other regulatory authority has not reviewed, approved or disapproved the contents of this press release. We seek Safe Harbour.
Brayden Sutton
Director of Business Development
(604) 219-7104
brayden@auroramj.com
www.auroramj.com
- Published in Aurora Cannabis
Mobi724 S.R.L., a Wholly Owned Subsidiary of MOBI724 Global Solutions Inc. (CSE:MOS), Signs a Commercial Agreement With Movistar to Provide its Coupon Solution to Movistar’s 17 M Subscribers
MONTREAL, QUEBEC–(Marketwired – Nov. 5, 2015) – Mobi724 Global Solutions Inc. (“Mobi724” or the “Company”) (CSE:MOS), a technology leader in the digital incentives, couponing and payment space, announces that its wholly owned Argentinian subsidiary, Mobi724 S.R.L., has signed a commercial agreement with Movistar to design, implement, integrate, manage and support MOBI724’s mobile coupons solution for Movistar’s Discount and Rewards program.
MOBI724’s innovative global mobile couponing solution will allow Movistar to create, manage and send mobile campaigns to their 17 million subscribers, who will be able to redeem the couponing benefits directly at any point of sale operated by a participating retailer enrolled by MOBI724.
Marcel Vienneau, CEO of the Company, stated: “We are thrilled to team up with such a global leader and offer the best of breed mobile couponing solution for Movistar’s benefits program, a major communication platform, for their 17 million customers. This level of confidence confirms that our approach in developing innovative value added solutions in a very competitive market is gaining momentum.”
About Movistar
Movistar is the major Spanish mobile phone operator owned by Telefónica S.A. It operates in Spain and in most Latin American countries (including Argentina, Brazil, Chile, Uruguay, Peru, Ecuador, Venezuela, Colombia, Mexico, Guatemala, Panamá, El Salvador, Costa Rica and Nicaragua). Movistar is the largest carrier in Spain with 22 million customers (cellphone services only) and 41.58{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of market share. In Latin America, Movistar has a 30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} market share with almost 200 million subscribers. In Argentina, Movistar has a 35{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} market share with a base of 17 million subscribers.
About Mobi724 Global Solutions
Mobi724 Global Solutions (CSE:MOS), a corporation based in Montreal, Canada, is a technology leader in digital incentives and payment solutions. It offers a unique and fully integrated suite of solutions – PAYMENT-COUPONING AND LOYALTY all in one.
Our vision is to enhance the value of commoditized payment transactions to the players in this eco-system (ex: customers, banks, mobile carriers and retailers) by adding layers of intelligence to these transactions (i.e. smart transactions) in a seamless manner.
Mobi724 Global Solutions unleashes the true potential of both payment and couponing/rewards transactions for both online and offline points of sale.
The Corporation is fully dedicated to delivering unique “real time” and seamless digital promotional incentives (coupons including card linked coupons, bank cards, loyalty rewards) embedded into the most secured payment environment. The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enable retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Their credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
Mobi724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
For more information on its products and on Mobi724 Global Solutions, visit www.mobi724globalsolutions.com.
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States.
Mr. Marcel Vienneau
1-514-394-5200 Ext 413
www.mobi724globalsolutions.com
- Published in Mobi724 Global Solutions
OrganiGram Secures $6,350,000 in a Non-Brokered Private Placement to Position the Company for National Legalization
MONCTON, NEW BRUNSWICK–(Marketwired – Nov. 5, 2015) – OrganiGram Holdings Inc. (TSX VENTURE:OGI)(OTCQX:OGRMF) (“OrganiGram” or the “Company“) is pleased to announce that, subject to TSX Venture Exchange approval, the Company has secured a non-brokered private placement offering for net proceeds of $6,350,000 (the “Offering”).
The Company will issue an aggregate of 3,298,077 units (“Units”) at a price of $1.04 per Unit (the “Offering Price”) for net proceeds of $3,430,000. Each Unit consists of one common share of the Company (a “Common Share”), and one-half of a share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be exercisable into one additional Common Share (a “Warrant Share”) of the Company at $1.40 per Warrant Share for a period of eighteen (18) months from closing of the Offering. The Company intends to use the proceeds from the Offering for accelerated facility expansion and general working capital purposes.
In addition, the Company has secured convertible debentures in the aggregate amount of $2,920,000 which carry an interest rate of 6.75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and which mature on December 31, 2018. The debentures may be converted by the debenture holder at a ratio of 714.286 shares per $1,000 of the principal amount converted.
“OrganiGram is pleased to have secured this financing. Management appreciates the confidence demonstrated by its Board of Directors, as all members of the Board participated in this financing round. With the newly elected Federal Government’s platform position to legalize recreational marijuana, the Company looks forward to allocating this capital effectively to expand the facility, enhance working capital and continue marketing initiatives.” said Roger Rogers, President & CFO.
It is anticipated that related parties of the Company will acquire shares and warrants under the private placement. Such participation would be considered to be “related party transactions” within the meaning of the TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 (“MI 61-101”). The company intends to rely on the exemptions from the formal valuation and minority approval requirements of MI 61-101 in respect of related party participation as at the time the transaction is agreed to, neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves interested parties, exceeds 25 per cent of the Company’s market capitalization.
Completion of this placement is subject to the approval of the TSX Venture Exchange.
About Organigram Holdings Inc.
Organigram Holdings Inc. is a TSX Venture Exchange listed company whose wholly owned subsidiary, Organigram Inc., is a licensed producer of medical marijuana in Canada. Organigram is focused on producing the highest quality, condition specific medical marijuana for patients in Canada. Organigram’s facility is located in Moncton, New Brunswick and the Company is regulated by the Marihuana for Medical Purposes Regulations.
On behalf of the board of directors,
Denis Arsenault
Director and CEO
OrganiGram Holdings Inc.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press 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 operations — 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.
Brett Allan
Director of Investor Relations
OrganiGram Holdings Inc.
(647) 229-6627
www.organigram.ca
- Published in Organigram Holdings