Natan Resources Announces Closing of $4 Million Brokered Financing
Kelowna, British Columbia (FSCwire) – Natan Resources Ltd. (“Natan” or the “Company”) (TSX-V: NRL) is pleased to announce that it has completed its previously announced brokered private placement for total gross proceeds of $4,000,000 (the “Offering”). Pursuant to the terms of an agency agreement (the “Agency Agreement“) among the Company and First Republic Capital Corporation (the “Agent”) dated December 21, 2016, the Company issued: (a) 8,996,250 subscription receipts (each a “Subscription Receipt”), at a price of $0.20 per Subscription Receipt, for proceeds of $1,799,250; and 8,803,000 “flow-through” common shares (each a “FT Share”), at a price of $0.25 per FT Share, for gross proceeds of $2,200,750. Garfinkle Biderman LLP acted as legal advisor to the Agent.
The gross proceeds of the sale of the Subscription Receipts less certain expenses of the Agent (the “Escrowed Proceeds“) will be held in escrow on behalf of the subscribers by an escrow agent. Upon satisfaction of the escrow release conditions, which includes among other things, the Company having received all approvals of the TSX Venture Exchange to acquire the Montalembert property from Globex Mining Enterprises Inc., each Subscription Receipt shall be automatically exchangeable into units (“Units”) of the Company, on the basis of one Unit for each Subscription Receipt. Each Unit will consist of one common share and one-half of one common share purchase warrant (“Warrant”), with each Warrant being exercisable to acquire one common share of the company at a price of $0.30 for a period of 24 months following the closing date of the Offering.
The proceeds from the sale of FT Shares will be used for Canadian Exploration Expenses (within the meaning of the Income Tax Act (Canada)) and will be renounced for the current taxation year.
In connection with the Offering, the Agent and members of the selling group received a cash commission equal to 7{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the gross proceeds of the Offering, brokers warrants (“Brokers Warrants”) exercisable to acquire that number of Units of the Company equal to 7{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the aggregate number of Subscription Receipts sold under the Offering, at an exercise price of $0.20 per Unit until December 21, 2018, and brokers warrants (“FT Brokers Warrants”) exercisable to acquire that number of common shares of the Company equal to 7{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the aggregate number of FT Shares sold under the Offering, at an exercise price of $0.25 per share until December 21, 2018. Additionally, the Agent received a corporate finance fee representing 2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the gross proceeds raised in the Offering and that number of Brokers Warrants equaling 2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the number of Subscription Receipts Sold and FT Brokers Warrants equaling 2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the FT Shares sold in the Offering.
All of the securities issued in connection with the Offering are subject to a hold period expiring on April 22, 2016.
The Company intends to use the proceeds of the financing for exploration on the high-grade Montalembert Gold project located in Quebec’s prolific Abitibi greenstone belt and for general working purposes.
For further information regarding this news release contact:
Steve Roebuck, CEO
Tel: (905) 741-5458 or by email at geostever@hotmail.com
or
Anthony J. Durkacz, Executive Vice-President First Republic Capital Corporation
Tel: (647) 350-6288
On behalf of the Board of Directors
Natan Resources Ltd.
This news release contains certain statements that may be deemed “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 we believe 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 forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of our management on the date the statements are made. Natan Resources Ltd. undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change, except as required 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 news release.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transactions and has neither approved nor disapproved the contents of this press release.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATED SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/NatanDec232016.pdf
Source: Natan Resources Ltd. (TSX Venture:NRL)
- Published in Enforcer Gold Corp, Mining, News Home
AtmanCo Announces a Change on the Board of Directors
MONTREAL, QUEBEC–(Marketwired – Dec. 23, 2016) -AtmanCo inc. (“AtmanCo” or the “Company”) (TSX VENTURE:ATW) announces today that M. W. Brian Edwards has resigned from the Board of Directors of AtmanCo and from his role of president of the Board. His resignation is effective immediately. Michel Guay, president and CEO of AtmanCo will serve as president of the Board going forward. On a personal note and on behalf of AtmanCo, Michel Guay wants to thank Brian for all his devotion and wish him all the best in his future endeavors.
Additional information regarding the Company are available on SEDAR www.sedar.com
The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.
ABOUT ATMANCO
AtmanCo is the publisher of a scientifically validated psychometric test. Through the HR cloud platform or the application program interface (API), the results allow the companies to optimize the talents of their human capital by improving the recruiting and organizational development success rate. AtmanCo’s solutions also enable impacting the major consumer market by easily integrating them with our partners’ technological solutions. AtmanCo is also the owner of RNIS Telecommunications inc (‘VoxTel’) which owns the online dating site Quebec Rencontres as well as offering various interactive and billing wireless and landline telephone solutions.
AtmanCo Inc.
Michel Guay
Founder, president and CEO
514.935.5959 ext. 301
mguay@atmanco.com
Simon Bedard, CA, CPA, CFA, MBA
CFO
514.935.5959 ext. 304
sbedard@atmanco.com
www.atmanco.com
© 2017 Canjex Publishing Ltd. All rights reserved.
IWS Announces First Brewery Installation
IWS Announces First Brewery Installation
– Momentum Public Relations –
Press Release: December 23, 2016
International Wastewater Systems Inc. (the “Company”) (CSE:IWS)(FRANKFURT:IWI)(OTC PINK:INTWF) is pleased to announce the upcoming installation of a PIRANHA thermal heat recovery system (“PIRANHA”) at the Andina Brewing Company (“Andina”) in Vancouver, Canada.
Andina is completing construction on a 13,700-square-foot facility in Vancouver that includes its production headquarters along with a retail outlet and tasting room to serve clients. The PIRANHA will recycle heat captured from the hot water that is used in Andina’s brewing operations. IWS will supply a 5 Ton / 80,000Btu/h PIRANHA system that will offset the gas-fired steam generator providing economic savings and a reduction in CO2 emissions.
Lynn Mueller, CEO of IWS commented: “This PIRANHA application marks a first for IWS in the brewery business and represents our entry into a large and lucrative market. IWS looks forward to partnering with breweries worldwide to install heat recovery systems creating environmental and cost savings across the industry.”
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. is a world leader in thermal heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings. IWS is publicly traded in Canada (CSE:IWS), the United States (OTC PINK:INTWF) and Germany (FRANKFURT:IWI).
- Published in Green Technology, International Wastewater Systems, News Home, Technology
Imex wins $14.56M (U.S.) iGov contract in Botswana
Imex wins $14.56M (U.S.) iGov contract in Botswana
Mr. Michael Frank reports
IMEX AWARDED BOTSWANA CONTRACT
Imex Systems Inc. has provided the following update to its business operations.
Further to the company’s press release on June 14, 2016, Imex has been awarded a new contract by the government of Botswana worth $14.56-million (U.S.) ($19.51-million) over a 24-month period. This is a continuation of the initial previous contract where Imex supplied the iGov technology platform during 2014/2015.
Under this new contract, Imex will be providing the technology upgrade and will be implementing the whole iGov digital government platform, with emphasis on service delivery through mobile devices and digital transformation of government operations. Sixty government programs will be made available through multiple channels.
This is a new phase of a larger multistage project that is expected to grow significantly over the next few years, as hundreds of additional government services are required to be implemented and new technologies and functionality are to be supplied across the region.
Botswana is a country in sub-Saharan Africa well known for stability and good governance, with ambitious plans for modernization of the government and multichannel citizen service delivery under the brand name of 1Gov.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Imex Systems, News Home, Technology
Puma Exploration (PUM:tsxv) Releases NI 43-101 Murray Brook Resource Estimate
Puma Exploration Releases NI 43-101 Measured and Indicated Sulphide Mineral Resource Estimate at Murray Brook Deposit Containing 610Mlbs of Zinc @ 5.24{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn
– Momentum Public Relations –
Press Release: December 21, 2016
In its ongoing plan of action to acquire the Murray Brook Property, Puma Exploration Inc. (TSX VENTURE:PUM)(SSE:PUMA) is pleased to announce completion of a Mineral Resource Estimate on the Murray Brook Deposit located in the Bathurst Mining Camp (BMC) in Northern New Brunswick, Canada. A technical report will be filed on SEDAR within 45 days of this news release.
Highlights:
- The underground Sulphide Mineral Resource Estimate is comprised of Measured and Indicated Mineral Resources totaling 5.28 million tonnes averaging 5.24{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 1.80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 0.46{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu, 68.9 g/t Ag and 0.65 g/t Au.
- The Murray Brook Deposit (“MBD”) contains 610 Mlbs of Zinc, 209 Mlbs of Lead, 54 Mlbs of copper, 11.7 Moz of silver and 111 Koz of gold at a C$85 per tonne NSR cut-off in the Sulphide Measured and Indicated categories.
- Oct 31/16 two year trailing average metal prices for Zn (US$0.90/lb), for Pb (US$0.82/lb), for Cu (US$2.39/lb) with a $US/$C Exchange Rate $0.78 were used for calculating the Mineral Resource Estimate.
- The Measured and Indicated Mineral resource categories represent respectively 68{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and 30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the total Sulphide Mineral Resource Estimate and will be used to launch a PEA for underground mining operation in the first half of 2017.
- Metal recoveries to concentrate of Zn (89{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}), Pb (37{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}), Cu (51{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) Ag (55{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) and Au (0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) were used for calculating the Mineral Resource Estimate.
- The deposit starts at surface and continues, so far, to a depth of 300 meters and is open at depth and along strike with drill ready UTEM geophysical targets.
The Murray Brook Property (jointly the Mining Lease 252 and the contiguous 245 mineral Claim Block 4925/ the Camel Back Property) is located 4 km west of the producing Caribou Mine owned and operated by Trevali Mining Corporation.
The Murray Brook Deposit is hosted by sedimentary rocks of the Charlotte Brook Member in the lower part of the Mount Brittain Formation. The upper felsic volcanic member of the Mount Brittain Formation is host to the Restigouche deposit, some 10 km to the west. The Mount Brittain Formation is believed to be equivalent of the Spruce Lake Formation which hosts the Caribou Mine, 10 kilometres to the east. Many drill ready geophysical and geochemical targets will be tested during the second half of 2017.
2016 Mineral Resource Estimate
The Technical Report incorporates P&E’s NI 43-101 Mineral Resource Estimate for sulphide and oxide mineralization at a C$85/t Net Smelter Return (“NSR”) cut-off that is summarized in Table 1.
Table 1 Murray Brook Underground Mineral Resource Estimate at C$85/t NSR Cut-Off(1-4) |
||||||||||||
Zone | Category | Tonnes (‘000’s) |
Cu {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Cu M lb |
Pb {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Pb M lb |
Zn {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Zn M lb |
Au g/t |
Au K oz |
Ag g/t |
Ag M oz |
Oxide | Measured | 434 | 1.13 | 10.8 | 1.44 | 13.8 | 4.51 | 43.2 | 0.31 | 4.3 | 60.5 | 0.8 |
Indicated | 105 | 1.94 | 4.5 | 0.82 | 1.9 | 2.84 | 6.6 | 0.46 | 1.6 | 45.3 | 0.2 | |
M+I | 539 | 1.29 | 15.3 | 1.32 | 15.7 | 4.19 | 49.8 | 0.34 | 5.9 | 57.5 | 1.0 | |
Inferred | 4 | 3.94 | 0.3 | 0.19 | 0.0 | 0.62 | 0.0 | 0.46 | 0.1 | 26.6 | 0.0 | |
Sulphide | Measured | 3,681 | 0.36 | 29.0 | 1.87 | 151.9 | 5.57 | 451.7 | 0.56 | 65.8 | 70.5 | 8.3 |
Indicated | 1,603 | 0.70 | 24.8 | 1.63 | 57.4 | 4.48 | 158.4 | 0.88 | 45.1 | 65.3 | 3.4 | |
M+I | 5,284 | 0.46 | 53.8 | 1.80 | 209.3 | 5.24 | 610.1 | 0.65 | 110.9 | 68.9 | 11.7 | |
Inferred | 125 | 2.16 | 5.9 | 0.92 | 2.5 | 2.58 | 7.1 | 0.54 | 2.2 | 47.3 | 0.2 |
(1) | Mineral Resources which are not mineral reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. |
(2) | The quantity and grade of reported Inferred Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as an Indicated or Measured Mineral Resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category. |
(3) | The Mineral Resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council. |
(4) | “M” means millions; “K” means thousands. |
The Mineral Resource Estimate classification was determined with the Zn grade interpolation since Zn generated the highest proportionate NSR value in the block model. The zinc price used in the Mineral Resource Estimate was US$0.90/lb. The Mineral Resource Estimate is primarily sensitive to zinc price. The NSR underground cut-off Mineral Resource Estimate sensitivity to the November 30th-2016 spot metal prices are tabulated in Table 2.
Table 2 Murray Brook Underground Spot Metal Price (Nov 30/16) Sensitivity to Resource Estimate at C$85/t NSR Cut-Off |
||||||||||||
Zone | Category | Tonnes (‘000’s) |
Cu {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Cu M lb |
Pb {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Pb M lb |
Zn {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Zn M lb |
Au g/t |
Au K oz |
Ag g/t |
Ag M oz |
Oxide | Measured | 595 | 1.05 | 13.7 | 1.24 | 16.3 | 3.88 | 50.9 | 0.33 | 6.2 | 52.7 | 1.0 |
Indicated | 172 | 1.43 | 5.4 | 0.82 | 3.1 | 2.62 | 10.0 | 0.53 | 2.9 | 42.2 | 0.2 | |
M+I | 767 | 1.13 | 19.2 | 1.14 | 19.4 | 3.60 | 60.9 | 0.37 | 9.2 | 50.3 | 1.2 | |
Inferred | 4 | 3.84 | 0.3 | 0.18 | 0.0 | 0.59 | 0.1 | 0.44 | 0.1 | 26.0 | 0.0 | |
Sulphide | Measured | 6,157 | 0.36 | 48.5 | 1.50 | 202.9 | 4.38 | 593.8 | 0.55 | 108.3 | 58.0 | 11.5 |
Indicated | 3,512 | 0.61 | 47.3 | 1.26 | 97.7 | 3.28 | 254.1 | 0.88 | 98.8 | 53.2 | 6.0 | |
M+I | 9,669 | 0.45 | 95.7 | 1.41 | 300.6 | 3.98 | 847.9 | 0.67 | 207.0 | 56.3 | 17.5 | |
Inferred | 188 | 1.85 | 7.6 | 0.81 | 3.4 | 2.24 | 9.3 | 0.56 | 3.4 | 42.7 | 0.3 |
Puma’s projections for 2017 in view of the purchase of the Murray Brook Deposit are as follows:
- Produce a new PEA (Preliminary Economic Assessment) during the first half of 2017 for HIGH GRADE ZINC zones of the sulphide portion of the deposit contained in the current Mineral Resource Estimate.
- Proceed with additional advanced recovery (metallurgical) tests on the Deposit’s mineralization, focusing on GOLD and SILVER recovery with the objective of establishing the economic value of the deposit.
- Proceed with a drilling exploration program to delineating the size of the deposit and potentially add more deposits along strike in the direction of the Caribou Mine.
Mineral Resource Estimate Methodology
The NI 43-101 Mineral Resource Estimate for sulphide and oxide mineralization at a C$85/t Net Smelter Return (“NSR”) cut-off is summarized in table 1. The drilling database of the Murray Brook Project contains 10,045 samples, all of which were analyzed for copper (“Cu”){92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, lead (“Pb”){92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, zinc (“Zn”){92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, gold (“Au”) g/t and silver (“Ag”) g/t. A total of 7,964 assays from 141 drill holes have been utilized for the Mineral Resource Estimate. The drilling was carried on between 2010 to 2013.
The Murray Brook resource block model was constructed using Gemcom modeling software. The block model is oriented with X axis at 110° azimuth with 3m x 3m x 3m blocks. Inverse Distance Squared (1/d²) grade interpolation was utilized for the Cu, Pb and Zn grade interpolation on capped composites while Inverse Distance Cubed (1/d3) was used for the Au and Ag grade interpolation on uncapped composites. The average block-model mineralized bulk density was calculated to be 4.08 tonnes per cubic metre.
The resource model classification was determined from the Zn interpolation due to Zn generating the highest proportionate contribution to the NSR value in the block model. Based on the semi-variogram performance and density of the drilling data, the Measured Mineral Resource category was justified for blocks interpolated by the first pass using at least seven composites from a minimum of four drill holes within a spacing of 25 m along strike, 40 m down dip and 15 m on the across dip direction. Indicated Resources were classified to the blocks interpolated with the second pass; wheras Inferred Resources were categorized for all remaining unclassified blocks. The classifications of some blocks have been manually adjusted to represent the resource classification more reasonably.
The underground NSR block values were based on two year trailing average metal prices as of October 31, 2016, including Cu at US$2.39/lb, Pb at US$0.82/lb, Zn at US$0.90/lb, Au at US$1,200/oz, Ag at US$16.33/oz, and a $US/$CDN Exchange Rate of $0.78. Taking into consideration concentrate recoveries, refining charges, smelter payables, concentration ratio, smelter treatment charges, humidity factors and concentrate freight charges. The NSR value of the mineralized blocks was calculated using the following formula:
NSR = [(Cu{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} x 24.65) + (Pb{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} x 7.49) + (Zn{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} x 14.98) + (Au x 0.0) + (Ag x 0.24)) – 9.02]/0.78
The projected process recovery, smelter payable, concentrate, transportation and other parameters used in the NSR calculation are as follows:
Cu Concentrate Recovery | 51{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Zn Concentrate Recovery | 89{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Pb Concentrate Recovery | 37{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Ag Concentrate Recovery | 55{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Au Concentrate Recovery | 0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Concentrate Ratio | 54:1 |
Cu Smelter Payable | 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Pb Smelter Payable | 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Zn Smelter Payable | 85{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Ag Smelter Payable | 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Au Smelter Payable | 0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Trucking/Storage/Ship Loading | US$30/t per WMT |
Zn Smelter Treatment Charge | US$150/t per DMT |
Cu Smelter Treatment Charge | US$100/t per DMT |
Pb Smelter Treatment Charge | US$140/t per DMT |
Concentrate Humidity Factor | 8.0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
These data were derived from the metallurgical reports and other underground mining operations similar to that anticipated at Murray Brook.
The C$85/tonne NSR Mineral Resource Estimate cut-off was derived as follows:
C$57/tonne Mining cost |
C$24/tonne Process cost |
C$4/tonne G&A cost |
The NSR cut-off sensitivities to the Underground Mineral Resource Estimate are tabulated in Table 3.
Table 3 Sensitivity to Underground Mineral Resource Estimate of the Murray Brook Project |
|||||||||||||
Zone | Category | Cut-Off | Tonnage | Cu | Cu | Pb | Pb | Zn | Zn | Au | Au | Ag | Ag |
NSR C$/t | tonnes | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | M lb | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | M lb | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | M lb | g/t | K oz | g/t | M oz | ||
Oxide | Measured | 150 | 162,150 | 1.16 | 4.2 | 2.07 | 7.4 | 6.37 | 22.8 | 0.28 | 1.5 | 82.5 | 0.4 |
125 | 246,915 | 1.16 | 6.3 | 1.81 | 9.9 | 5.65 | 30.7 | 0.29 | 2.3 | 73.4 | 0.6 | ||
100 | 353,004 | 1.15 | 9.0 | 1.58 | 12.3 | 4.94 | 38.5 | 0.30 | 3.4 | 65.4 | 0.7 | ||
85 | 434,447 | 1.13 | 10.8 | 1.44 | 13.8 | 4.51 | 43.2 | 0.31 | 4.3 | 60.5 | 0.8 | ||
70 | 529,563 | 1.09 | 12.7 | 1.31 | 15.3 | 4.11 | 47.9 | 0.32 | 5.4 | 55.6 | 0.9 | ||
60 | 608,171 | 1.06 | 14.2 | 1.22 | 16.3 | 3.81 | 51.1 | 0.33 | 6.4 | 52.2 | 1.0 | ||
Indicated | 150 | 23,945 | 3.09 | 1.6 | 0.91 | 0.5 | 3.41 | 1.8 | 0.36 | 0.3 | 49.9 | 0.0 | |
125 | 47,425 | 2.74 | 2.9 | 0.82 | 0.9 | 3.07 | 3.2 | 0.37 | 0.6 | 46.7 | 0.1 | ||
100 | 76,518 | 2.29 | 3.9 | 0.81 | 1.4 | 2.93 | 4.9 | 0.41 | 1.0 | 46.0 | 0.1 | ||
85 | 105,137 | 1.94 | 4.5 | 0.82 | 1.9 | 2.84 | 6.6 | 0.46 | 1.6 | 45.3 | 0.2 | ||
70 | 141,525 | 1.64 | 5.1 | 0.83 | 2.6 | 2.71 | 8.5 | 0.51 | 2.3 | 43.6 | 0.2 | ||
60 | 173,484 | 1.45 | 5.6 | 0.81 | 3.1 | 2.58 | 9.9 | 0.53 | 2.9 | 42.0 | 0.2 | ||
Inferred | 150 | 1,503 | 4.49 | 0.1 | 0.19 | 0.0 | 0.86 | 0.0 | 0.51 | 0.0 | 29.4 | 0.0 | |
125 | 2,271 | 4.34 | 0.2 | 0.19 | 0.0 | 0.76 | 0.0 | 0.50 | 0.0 | 28.7 | 0.0 | ||
100 | 3,215 | 4.08 | 0.3 | 0.18 | 0.0 | 0.63 | 0.0 | 0.47 | 0.0 | 26.7 | 0.0 | ||
85 | 3,595 | 3.94 | 0.3 | 0.19 | 0.0 | 0.62 | 0.0 | 0.46 | 0.1 | 26.6 | 0.0 | ||
70 | 3,917 | 3.82 | 0.3 | 0.18 | 0.0 | 0.59 | 0.1 | 0.44 | 0.1 | 25.9 | 0.0 | ||
60 | 3,917 | 3.82 | 0.3 | 0.18 | 0.0 | 0.59 | 0.1 | 0.44 | 0.1 | 25.9 | 0.0 | ||
Sulphide | Measured | 150 | 1,318,497 | 0.33 | 9.7 | 2.71 | 78.8 | 8.05 | 234.0 | 0.63 | 26.5 | 99.3 | 4.2 |
125 | 1,910,405 | 0.34 | 14.1 | 2.41 | 101.3 | 7.19 | 302.8 | 0.59 | 36.3 | 88.5 | 5.4 | ||
100 | 2,819,661 | 0.35 | 21.5 | 2.08 | 129.5 | 6.23 | 387.4 | 0.56 | 51.1 | 77.4 | 7.0 | ||
85 | 3,680,679 | 0.36 | 29.0 | 1.87 | 151.9 | 5.57 | 451.7 | 0.56 | 65.8 | 70.5 | 8.3 | ||
70 | 4,953,664 | 0.37 | 40.5 | 1.65 | 180.0 | 4.85 | 529.2 | 0.55 | 88.2 | 63.4 | 10.1 | ||
60 | 6,072,003 | 0.38 | 51.0 | 1.50 | 200.5 | 4.37 | 585.3 | 0.55 | 107.4 | 58.5 | 11.4 | ||
Indicated | 150 | 368,910 | 0.45 | 3.6 | 2.97 | 24.2 | 8.10 | 65.9 | 1.00 | 11.9 | 105.7 | 1.3 | |
125 | 585,896 | 0.60 | 7.7 | 2.42 | 31.2 | 6.80 | 87.9 | 0.89 | 16.7 | 88.4 | 1.7 | ||
100 | 1,032,294 | 0.69 | 15.7 | 1.90 | 43.3 | 5.40 | 123.0 | 0.85 | 28.3 | 73.2 | 2.4 | ||
85 | 1,602,774 | 0.70 | 24.8 | 1.63 | 57.4 | 4.48 | 158.4 | 0.88 | 45.1 | 65.3 | 3.4 | ||
70 | 2,669,331 | 0.66 | 38.8 | 1.38 | 81.3 | 3.64 | 214.1 | 0.89 | 76.6 | 57.7 | 5.0 | ||
60 | 3,548,682 | 0.64 | 50.0 | 1.25 | 97.9 | 3.23 | 252.5 | 0.88 | 100.5 | 53.2 | 6.1 | ||
Inferred | 150 | 31,661 | 2.14 | 1.5 | 1.67 | 1.2 | 4.66 | 3.2 | 0.63 | 0.6 | 70.6 | 0.1 | |
125 | 53,133 | 2.33 | 2.7 | 1.31 | 1.5 | 3.74 | 4.4 | 0.58 | 1.0 | 59.4 | 0.1 | ||
100 | 92,588 | 2.29 | 4.7 | 1.02 | 2.1 | 2.92 | 6.0 | 0.55 | 1.6 | 50.7 | 0.2 | ||
85 | 124,834 | 2.16 | 5.9 | 0.92 | 2.5 | 2.58 | 7.1 | 0.54 | 2.2 | 47.3 | 0.2 | ||
70 | 167,127 | 1.98 | 7.3 | 0.82 | 3.0 | 2.28 | 8.4 | 0.55 | 2.9 | 43.8 | 0.2 | ||
60 | 201,151 | 1.84 | 8.2 | 0.77 | 3.4 | 2.13 | 9.4 | 0.55 | 3.6 | 41.4 | 0.3 |
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are the Turgeon Zinc-Copper Project and the Nicholas-Denys Project in New Brunswick and an equity interest in Black Widow Resources related to the Little Stull Lake Gold Project in Manitoba. Puma’s objective for the coming year is to focus its exploration efforts in New Brunswick. Canada.
You can visit us on Facebook and Twitter.
Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
Qualified Persons Statement
Eugene Puritch, P.Eng. and Yungang Wu, P.Geo. are the Independent Qualified Persons responsible for the Murray Brook Deposit underground Mineral Resource Estimate disclosed in this press release.
Eugene Puritch, P.Eng., President of P&E Mining Consultants Inc. has. reviewed and approved the technical contents of this press release. The contents of this press release were prepared by Marcel Robillard, P.Geo., a Qualified Person as defined in NI 43-101. 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.
- Published in Mining, News Home, Puma Exploration
Sage Gold Inc. (SGX:tsxv) Amends Terms of Hard Dollar Private Placement
Sage Gold Inc. Amends Terms of Hard Dollar Private Placement
– Momentum Public Relations –
Press Release: December 21, 2016
Sage Gold Inc. (the “Corporation”) (TSX VENTURE:SGX) announces that it has amended the terms of the Hard Dollar unit as previously announced on December 6th, 2016. The Hard Dollar unit will be priced at $0.11 per Unit versus the previous price of $0.12 per unit. The terms of the half warrant associated with the Hard Dollar unit and the flow through shares remain unchanged. Refer to the press release of December 6th.
Securities issued pursuant to the Offering shall be subject to a four-month hold period commencing on the Closing Date under applicable Canadian securities laws. The Corporation intends to use the net proceeds from the flow through share Offering to incur Canadian Exploration Expenses (CEE) on its eligible projects and the proceeds of the Hard Dollar Units for general working capital purposes.
The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.
The Company is a mineral exploration and development company which has primary interests in near-term production and exploration properties in Ontario. Its main properties are the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Clavos Gold property in Timmins and the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Onaman property including the Lynx copper, gold, silver property and other exploration properties in the Beardmore-Geraldton Gold Camp. Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com and www.sagegoldinc.com.
Puma Exploration: Update on the acquisition of the Murray Brook Property
Puma Exploration: Update on the acquisition of the Murray Brook Property
– Momentum Public Relations –
Press Release: December 15, 2016
Puma Exploration (TSX VENTURE:PUM) (SSE:PUMA) is pleased to provide an update of the acquisition of the Murray Brook Property in the Brunswick Mining Camp (BMC). By mutual agreement of all three (3) parties: Votorantim Metals Canada Inc., El Nino Ventures Inc. and Puma Exploration Inc., the closing date for this acquisition has been postponed to January 20th, 2017. (See news releases 13/10/2016 and 09/11/2016). This extension will allow Puma Exploration to finalize the acquisition of Murray Brook Minerals, which will secure $1M to apply for the initial payment of the purchase agreement, to finalize and fill the updated NI43-101 Resource Estimate for the Murray Brook Deposit and get the regulatory approval for the transactions.
The Murray Brook property consists of Mining Lease 252 and contiguous Mineral Claim Block 4925 (245 claims) located 4 km west of the producing Caribou Mine, which is owned and operated by Trevali Mining Corporation. With the purchase of the Murray Brook Deposit and Murray Brook Minerals inc., Puma will hold significant assets in the Bathurst Mining Camp, which has produced over 120 million tons of ore since the opening of the Brunswick No.12 Mine.
Puma plans to re-evaluate the Murray Brook deposit in the context of the current metal prices, currency and based on different economic and development scenarios directed to the development of the high grade Zn zones of the deposit. An update Preliminary Economic Assessment (PEA) will be completed in the first half of 2017 with this objective.
Little Stull Lake Transaction
BWR Exploration Inc. has received final approval from the TSX Venture Exchange for the acquisition of a 100-per-cent interest in the Little Stull Lake gold project in Northern Manitoba from Puma Exploration Inc. This transaction was previously announced on Oct. 7, 2016. The payment elements of the acquisition agreement for the Little Stull Lake gold project from Puma include cash payments to Puma of $150,000, of which $50,000 has been paid, and the issuance of up to 10 million BWR common shares.
On December 12th, 2016, BWR Exploration issued 4,750,000 shares to Puma Exploration according to the acquisition agreement signed on October 5, 2016. Puma and BWR have now begun the process for the Little Stull Lake claim title transfer being the next step for the transaction, followed by the $100,000 payment after the transfer of the two Mineral Exploration Licenses that surround the 20 mining claims.
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 Turgeon Zinc-Copper Project and the Nicholas-Denys Project in New Brunswick and an equity interest in BWR Resources related to the Little Stull Lake Gold Project in Manitoba. Puma is focusing its exploration efforts in New Brunswick. Canada.
You can visit us on Facebook and Twitter.
Learn more by clicking here: www.pumaexploration.com
- Published in Mining, News Home, Puma Exploration
Rewardstream (REW:tsxv) provides referral program to MegaFanStore
Leading fan store for international fan articles and reseller of official Manchester United custom footwear to share rewards using RewardStream referral platform
– Momentum Public Relations –
Press Release: December 15, 2016
RewardStream Solutions Inc., (“RewardStream” or the “Company”), (TSX VENTURE:REW)(FRANKFURT:JL4L)(WKN Number A2APX1) a Vancouver, BC-based referral software provider for telecommunications providers, financial institutions and e-Commerce companies, today announced that MegaFanStore has selected the RewardStream Spark™ referral marketing platform for its online store. MegaFanStore offers worldwide delivery of fan articles from soccer clubs, with fan related merchandising products. MegaFanStore is also partnered with the official Manchester United Lifestyle brand and is a reseller of one of the first Manchester United luxury designer footwear brand.
“We are very excited to be working with MegaFanStore as they continue to expand their E-Commerce presence worldwide,” stated Rob Goehring, Chief Executive Officer of RewardStream. “Sports brands have incredibly loyal and active fans, with Manchester United boasting an online following of over 659 million social media fans, making them ideal for a powerful referral program. The MegaFanStore team is establishing a leading market position for fan articles to leverage their unique business concept and expertise in social media marketing. In addition, their strong strategic partnerships with a new football and lifestyle magazine and the Soccer United Credit Card from MasterCard adds tremendous reach for their online store. The whole merchandising market for sport clubs is a booming market in Europe, and revenues from merchandising articles with soccer clubs are exploding. We look forward to a long term partnership that can bring the benefits of our referral platform to their customers and additional lines of business.”
MegaFanStore is on online E-Commerce site dedicated to bringing fashion related fan articles like branded footwear and other items to sports fans around the world. The vision is to be the worldwide leading platform for fan articles not only for soccer clubs but also other sport clubs, actors, artists and organizations with merchandising products and a strong fan bases. MegaFanStore’s strategy leverages their unique expertise in branded social media and work with fan groups around the world to promote the fan products available in their online store – megafanstore.com.
“Our customers are huge sports fans, and regularly share their experience with their favorite teams with their friends and family, in social media” says Andreas Schmidt, CEO of MegaFanStore. “The RewardStream referral marketing platform will make it fast, easy and rewarding for our customers to share the products they love. Soccer fans are the most loyal in the world, with major soccer stars accumulating fan followings that are up to ten times as large as other sports, and we are proud to offer our customers an easier way to share. The power of the RewardStream platform is exactly what we need to commercialize and grow our business.”
MegaFanStore customers will be able to make referrals via email, text, messaging, and their preferred social media platform to share branded sportswear with their friends and family, and earn rewards for themselves and their friends. RewardStream facilitates that conversation, tracks the progress to unlock the incentives, and delivers the reward directly to the customer by integrating into the MegaFanStore E-Commerce platform. The referral program will be available in early 2017 for all MegaFanStore customers.
About MegaFanStore
MegaFanStore operates the online platform www.megafanstore.com and is focused on the distribution of fan articles from German and international clubs, music stars, artists, top sports athletes along with “Germany” fan articles. In addition to standard marketing & advertisement, MegaFanStore´s philosophy and key strategy to win followers and potential new customers via social media.
Learn more at:
www.instagram.com/megafanstore.official/
www.facebook.com/megafanstore/?fref=ts
About RewardStream Solutions Inc.
RewardStream specializes in the execution of automated referral marketing programs that help brands to acquire, engage, and retain their most valuable stakeholders – customers. By utilizing an innovative blend of marketing insight and proprietary technology, RewardStream turns an existing customer base into a powerful new sales channel for all of our clients. RewardStream delivers a scalable, real-time technology platform as the foundation of our client’s referral program. The platform provides customer acquisition programs that deliver new, highly loyal customers at very low cost per acquisition rates. Our award-winning marketing solutions have powered loyalty and referral marketing programs across 39 countries for brands including Boost Mobile, Virgin Mobile, Envision Financial, Koodo Mobile and more. For more information please visit www.rewardstream.com.
- Published in News Home, RewardStream, Technology
Zimtu Capital Corp. Announces Transaction With King’s Bay
Vancouver, British Columbia (FSCwire) – December 14, 2016 – Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) (the “Company” or “Zimtu”) announces it has signed an agreement with King’s Bay Gold Corporation (TSXv: KBG; FSE: KGB1) for its ZimtuADVANTAGE program.
ZimtuADVANTAGE is a program designed to provide opportunities, guidance, cost savings and assistance to companies covering multiple aspects of being a public company. The services may include building financial networks, building business networks, shared costs with other public companies, building a social media presence, conference opportunities, media outlets and guidance and special group pricing provided by Zimtu’s network of public company professionals. The program provides the flexibility to allow companies to customize the products and services to best support their needs. The program also provides participating companies access to and meetings with Zimtu’s market participants in Europe and North America.
About King’s Bay Gold Corporation
King’s Bay Gold Corporation is a Canadian resource exploration company focused on cobalt and other high-tech metals in North America. The company believes in this emerging fast-growth sector. For more information, visit the corporate website at http://www.kingsbayres.com.
About Zimtu Capital Corp.
Zimtu Capital Corp. is a public investment issuer that invests in, creates and grows natural resource companies. The Company also provides mineral property project generation and advisory services helping to connect companies to properties of interest. For more information, visit the corporate website at http://www.zimtu.com.
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
David Hodge
President & Director
Tel: 604.681.1568
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.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/ZimtuDec142016.pdf
Source: Zimtu Capital Corp. (TSX Venture:ZC, FWB:ZCT1)
- Published in King's Bay, Mining, News Home
Namaste (N:CSE) Announces Record Monthly Sales of Over $1.0 Million
Namaste Announces Record Monthly Sales of Over $1.0 Million and 1,308{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Increase in Traffic
– Momentum Public Relations –
Press Release: December 7, 2016
Namaste Technologies Inc. (“Namaste”) (CSE:N) (CSE:N.CN) (FRANKFURT:M5BQ) is pleased to announce that it has achieved record monthly sales and traffic for the month of November. The total unaudited sales amount for November was approximately $1.0 million Canadian and total traffic was 596,453. These results reflect the acquisition of the VaporSeller and Everyonedoesit domains. The breakdown of the revenue and traffic by domain is set forth below:
Domain | Revenue | Percentage | Traffic | Percentage | |||
NamasteVapes | 355,884 | 35.3 | 71,743 | 12.0 | |||
Everyonedoesit | 360,174 | 35.8 | 337,610 | 56.6 | |||
VaporSeller | 290,782 | 28.9 | 187,100 | 31.4 | |||
Total | $ | 1,006,839 | 100.0 | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | 596,453 | 100.0 | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
As reflected by these results, the Namaste Vapes domain generated 35.3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of revenue from 12.0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of total traffic. This disproportionate share of revenue generation is the result of a higher conversion ratio and average purchase amount per order. By applying market leading conversion and upselling techniques to the recently acquired VaporSeller and Everyonedoesit domains, the Company believes it can extract considerable revenue growth from these acquisitions, which underpins the strategic rationale of acquiring these assets. In terms of total traffic, Namaste has increased its total pre-acquisition monthly traffic from 42,353 in July to 596,453 in November, an overall increase of 1,308.3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} in monthly traffic. The majority of this traffic has been secured using organic traffic generation techniques as opposed to higher cost pay-per-click advertising.
Management Commentary
Sean Dollinger, President and CEO of Namaste, comments: “The results produced in the month of November demonstrate the transactional execution capabilities of Namaste’s management team. As we continue to implement our e-commerce development and acquisition strategies, we see multiple opportunities to further expand our revenue form organic growth and additional consolidation opportunities. In comparison to the spectrum of companies participating in the cannabis cultivation and hardware industry, we believe these results further demonstrate our scale and the value of our business in the context of the current market environment.”
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 e-commerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.
On behalf of the Board of Directors
Sean Dollinger, Chief Executive Officer
Further information on the company and its products can be accessed through the link below:
- Published in Medical Marijuana, Namaste Technologies, News Home