Puma Trenches 3.7 Cu at Turgeon Cu-Zn VMS Project in New Brunswick
Puma Trenches 3.7{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu at Turgeon Cu-Zn VMS Project in New Brunswick
– Momentum Public Relations –
Press Release: February 10, 2016
Puma Exploration (TSX VENTURE:PUM) reports the 2015 fall exploration program at Turgeon Cu-Zn VMS project in northern New Brunswick. The Program at Turgeon was directed to locate precisely the extension of the favourable fertile mafic volcanic horizon hosting the known mineralized zones at Turgeon. The work also included the trenching and stripping of additional surface targets which lead to the discovery of a new copper showing grading up-to 3.7{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu in the vicinity of the Zinc Zone Lens and the stripping of the previous Jaspe Copper showing grading 21{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu et 26{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu.
2015 Fall Exploration Program Highlights:
- Completion of 18 line-kilometers of Geophysical IP Orevision ground survey in collaboration with Abitibi Geophysics;
- Completion of an alteration study including the sampling of 243 outcrops located from the Dragon Zone toward southwest direction to locate the favourable volcanic horizon hosting the mineralized VMS;
- Excavation of seven (7) trenches for a total of 300 meters mainly located between the Zinc Zone and the Dragon lenses;
- Significant Cu stockwork mineralization zone discovered at surface in trench TT15-05 located at the end of the Zinc Zone area and correlating with drilling results at depth including 2.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu over 2.1m (FT15-01) and 1.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu over 2.4m (FT15-03);
- Stripping and sampling of previous copper showing “Jaspe Copper” revealing the highest copper grade collected at surface with 21{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu and 26{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu.
Seven (7) strategic trenches have been undertaken to explore new surface targets and to define the alteration of the mafic volcanic which host the main mineralized lenses at Turgeon. More than just locate the favourable horizon, the trenching program expose a significant Cu stockwork mineralization zone discovered at surface at the end of the Zinc Zone area and correlating with drilling results at depth including 2.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu over 2.1m (FT15-01) and 1.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu over 2.4m (FT15-03). The samples collected in this area (TT15-06) return assays between 1.15{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu to 3.72{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu. Also, the field crew has been able to relocate and sample the known Jaspe copper showing found in 1961. The sampling of the “Jaspe Copper” showing revealed the highest copper grade collected at surface at Turgeon with 21{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu and 26{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu.
Table 1: Selected samples collected during the trenching program
Sample | Trench | Rock | Cu ({92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) | Zn ({92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) | Ag (g/t) | |
P160676 | TT15-02 | Ftb | 0.03 | 0.82 | 2.6 | |
P160677 | TT15-02 | Brx Bas | 0.02 | 0.41 | 0.6 | |
P160686 | TT15-02 | Brx Bas | 0.13 | 0.89 | 1.1 | |
P160687 | TT15-02 | Brx Bas | 0.05 | 0.97 | 0.7 | |
P160690 | TT15-06 | Amy Bas | 1.04 | 0.04 | 4.4 | |
P160691 | TT15-06 | Amy Bas | 0.75 | 0.05 | 3.0 | |
P160692 | TT15-06 | Brx Bas | 0.11 | 0.06 | 0.9 | |
P160693 | TT15-06 | Brx Bas | 1.15 | 0.04 | 1.9 | |
P160694 | TT15-06 | Brx Bas | 2.00 | 0.03 | 7.0 | |
P160695 | TT15-06 | Brx Bas | 3.72 | 0.02 | 11.8 | |
P193482 | TT15-07 | Ftb | 0.22 | 1.39 | 9.7 | |
P193485 | TT15-07 | SMS-MS | 21.10 | 0.04 | 44.0 | |
P193486 | TT15-07 | SMS-MS | 26.20 | 0.03 | 41.6 |
Also, to identify the best area within the favourable mafic volcanic horizon, Puma proceeded with an alteration study including 243 samples collected from outcrops and handmade pits. The samples were collected systematically at every 25 meters on a 50 meters spaced grid. The grid covers an area of 600 meters by 500 meters (30 hectares) from the Dragon Zone toward southwest to locate the favourable volcanic horizon hosting the known mineralized lenses within an underexplored area of the property.
A deep IP geophysical ground survey, The OreVision has been conducted on the three (3) known main mineralized zones named: Powerline, Zn Zone and Dragon and has been extended for more than 500 m to the southwest along the favourable volcanic mafic horizon. The survey corresponds to the double of the length of the actual mineralized footprint. This survey added to the alteration survey and the detailed mapping of the project will be used to define the targets to be drilled.
Also, Puma field crews were also mobilized to prepare sites for the drilling program. The drilling targets consist of higher grade Zn-Cu zones in the heart of the newly discovered Dragon Zone and also to verify new mineralized lenses in the southwestern extension of the Dragon Zone where the geophysical survey and the alteration study were completed. The drill set-up work has been delay following the reading of the first line of geophysical survey showing promising target at the South East End of the grid.
About the Turgeon VMS Property
The Turgeon property is located within a few kilometers of the deep water port of Belledune. The project is accessible by road all year round, and is crossed by a power line. The Dragon Zone was discovered in late-2013, approximately 200 meters south of the main Powerline and Zinc Zones. Drillhole FT13-13 intersected 4 meters of massive sulphides grading 1.01{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu and 0.78{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn. The autumn 2014 drill program included a massive sulphide intercept grading 5.66{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 0.38{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu and 2.3 g/t Ag over 6.8 metres starting downhole at 219.1 meters and including 10.05{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn and 0.23{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu over 2.7 metres. (Drillhole FT14-05). The surface expression of the Dragon zone is 300 meters long by 75 meters wide within the favorable corridor that extends for at least 2km along strike in each direction from the Dragon zone.
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 the 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.
Puma would also like to announce its new Mobile App is now available on Android and Apple smartphone’s. You can download the App by searching for Puma Exploration.
The links below can be used with the images to provide for easy installation of the app.
Apple Store: https://itunes.apple.com/us/app/pumaexploration/id1015183523?ls=1&mt=8
Google Play Store: https://play.google.com/store/apps/details?id=com.app_pumaexploration.layout
Learn more by clicking here: www.pumaexploration.com
- Published in Mining, News Home, Puma Exploration
Lowe’s Shakes up Canada’s Home Improvement Industry with Rona Deal
Lowe’s Shakes up Canada’s Home Improvement Industry with Rona Deal
– Momentum Public Relations –
Lowe’s, an American Fortune 50 home improvement company operating hardware and home improvement stores throughout the United States, Canada and Mexico, recently proposed to purchase Rona in a deal that could potentially shake up Canada’s home improvement industry. Rona, founded in Quebec in 1939, currently operates nearly 500 stores throughout Canada, including several independent affiliated dealers and outlets in rural communities.
On February 3, Lowe’s offered to acquire Rona for CA$3.3 billion (US$2.3 billion). Under the terms of the deal, Lowe’s would acquire all of the issued and outstanding common shares of Rona for CA$24 per share and all of the issued and outstanding preferred shares of Rona for CA$20 per share. This represents a premium of 104{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} on RONA’s February 2 closing share price and a 38{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} premium over the 52-week high of CA$17.36.
The deal has been unanimously approved by the Boards of Directors of both Lowe’s and Rona. The Rona Board reports that they’ve received an opinion from Scotia Capital Inc. indicating that the transaction is fair from a financial point of view. In addition, the proposed deal has the full support of the management teams of both companies.
Lowe’s first entered the Canadian market in 2007. The company currently operates 42 stores in Canada out of a total of 1,845 North American home improvement and hardware stores. For Lowe’s, the Rona deal offers a simple way to become the leading home improvement retailer in Canada — snagging the top spot currently occupied by Home Depot. Lowe’s has been trying to build its Canadian business organically, but is struggling to keep its current stores competitive. The Rona acquisition would also allow Lowe’s entry into the Quebec market, where the company currently has no presence.
In a recent press release, Lowe’s stated it sees opportunities for CA$1 billion plus in revenue and profit growth as a result of the purchase. The company cites factors such as leveraging shared supplier relationships and enhanced scale, taking advantage of Lowe’s private-label capabilities and eliminating Rona’s public company costs. According to Lowe’s, there is a potential to double operating profitability in Canada over the next five years.
For Rona, the deal offers the chance to benefit from the strength of an association with a multinational company without disturbing its brand and core business relationships. Lowe’s has agreed to maintain Rona’s multiple retail store banners and to continue the company’s local and ethical procurement strategy. Additionally, Lowe’s will maintain key executives from Rona’s current leadership team and headquarter its Canadian operations in Rona’s home base of Boucherville, Quebec.
Although general reaction to the proposal has been mostly positive, the union representing workers at Rona has expressed concern about the deal. Lowe’s has publicly promised to maintain the majority of Rona jobs, but Teamsters Canada Local Union 1999 says their members are concerned about the sale of an economic showpiece in Quebec to American interests. Union representatives have stated they’ll be aggressive in their efforts to ensure that the rights of Rona employees are protected throughout the transaction.
It should be noted that this is not the first time Lowe’s has offered to purchase Rona. In 2012, the company made a hostile CA$1.8 billion offer that was brought down in part by vocal disapproval from both Canada’s Liberal Party and the separatist Parti Québécois. This time, however, all key stakeholders appear to be in agreement as to the economic and commercial benefits of the proposal.
The declining value of the Canadian dollar is also a factor. In 2012, the Canadian dollar and the US dollar were equal in value. Today, the Canadian dollar is worth about US$0.71 US. This means the offer to purchase Rona shares for CA$24 costs Lowe’s US$17 in its operating currency. Lowe’s can credibly say they’re offering double what the market says Rona is worth, while paying only slightly more than the CA$14.50 per share offer they made in 2012.
Regulators in both Canada and the United States need to give their approval for the purchase of Rona to be finalized, but this is expected to be a mere formality. Quebec’s Minister of the Economy, Sciences and Innovation, Dominique Anglade, has already stated she sees no immediate reason to block the Rona deal.
If all goes according to plan, Lowe’s will finalize the purchase of Rona in the second quarter after receiving regulatory approvals and the endorsement of Rona shareholders by April 8.
Mobi724 Global Solutions Inc. (CSE:MOS) Announces $1.53M in Sales
Mobi724 Global Solutions Inc. (CSE:MOS) Announces $1.53M in Sales for 2015, Restatements of Some Interim Unaudited Consolidated Financial Statements for 2015 and Company Highlights for 2015
– Momentum Public Relations – Feb. 08, 2016
Mobi724 Global Solutions Inc. (“Mobi724” or the “Company”) (CSE:MOS), a technology leader in the digital incentives, couponing and payment space, announces that it has booked sales of just over $1.53M for the fiscal year ending December 31, 2015, including the sales from its previously announced acquisition IQ 7/24 (for Q2, Q3 and Q4). The 2015 consolidated sales has been reviewed by the audit committee.
The Company will release its consolidated results in April 2016. The Company will amend its condensed interim unaudited consolidated financial statements for the three and the six month periods ended June 30, 2015 and for the three and nine month periods ended September 30, 2015.
The 2015 consolidated sales and expenses, excluding non-recurrent expenses, compared to previous years are:
MOBI724 GLOBAL SOLUTIONS INC |
AUDITED |
AUDITED |
INTERNAL |
||||
FINANCIAL REVIEW | 2013 | 2014 | 2015 | ||||
OPERATIONS: | |||||||
SALES | $65,935 | $149,637 | $1,529,611 | ||||
ADJUSTED (1) OPERATING EXPENSES | ($8,566,893 | ) | ($7,060,089 | ) | ($5,641,355 | ) | |
ADJUSTED (1) NET FINANCIAL EXPENSES | ($24,391 | ) | ($99,995 | ) | ($39,097 | ) | |
TOTAL ADJUSTED EXPENSES | ($8,591,284 | ) | ($7,160,084 | ) | ($5,680,452 | ) | |
ADJUSTED NET LOSS BEFORE INCOME TAXES- | ($8,525,349 | ) | ($7,010,447 | ) | ($4,150,841 | ) | |
(1)Excluding non recurrent expenses | |||||||
FINANCING ACTIVITIES (2): | 2013 | 2014 | 2015 | ||||
Convertible Debt | $400,000 | $2,900,000 | $1,083,204 | ||||
Common Shares | $4,869,077 | $2,443,437 | $2,014,965 | ||||
Long-term debt & Demand debt | $137,700 | $733,127 | $0 | ||||
$5,406,777 | $6,076,564 | $3,098,169 | |||||
(2)Annually (non cumulative basis) |
The important modifications to the condensed interim unaudited consolidated financial statements for the three and the six month periods ended June 30, 2015 and for the three and nine month periods ended September 30, 2015 will be as follows:
- Presentation of additional information regarding the acquisition of IQ 7/24 in 2015 by the Company;
- Restatement of the Company’s Consolidated Statements including: statements of net income and comprehensive loss, financial position, cash flows and changes in equity;
- Additional note disclosure with respect to segmented information;
- Restatement to the Company’s Management Discussion and Analysis in order to reflect the above adjustments and to present additional information.
The key highlights for 2015 are:
- Management has improved the balance sheet;
- Successfully completion of an acquisition (IQ 7/24) that should add over $2M yearly sales in the following years;
- Raised financing of approximately $3 M in 2015 including an investment of over $1.8 M by a prestigious and global investment fund;
- Successfully concluded multiple contracts with clients and also agreements with partners and resellers that are expected to contribute to our top line growth in the coming year.
Marcel Vienneau, CEO of the Company, stated: “This past year was very challenging as we refocused the Company’s attention on the monetization of all of our innovative solutions. Our customers have begun to see the true value that our solutions bring to their businesses and this will enable us to deliver solid value to our shareholders during the course of 2016 and beyond.”
About Mobi724 Global Solutions
Mobi724 Global Solutions (CSE:MOS), a corporation based in Montreal, Canada offering 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 (card associations, banks, mobile carriers and retailers) by adding layers of intelligence to these card linked transactions (i.e. smart transactions) in a seamless manner for all the players in the eco-system.
Mobi724 Global Solutions unleashes the true potential of both payment and card linked couponing/rewards transactions for both online and offline points of sale.
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, 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 in real time.
Our 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 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.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home
Dealnet Capital Corp. (DLS.v) Completes $30 Million Private Placement
Dealnet Capital Corp. Completes $30 Million Private Placement
– Momentum Public Relations – Feb. 05, 2016
Dealnet Capital Corp. (“Dealnet” or the “Company“) (TSX VENTURE:DLS) is pleased to announce that it has closed its previously announced private placement financing of subscription receipts (“Subscription Receipts”).
Dealnet issued, on a private placement bought deal basis, 54,545,700 Subscription Receipts at a price of $0.55 per Subscription Receipt (the “Offering Price”) for gross proceeds of $30 million (the “Offering”). The Offering was led by GMP Securities L.P. (“GMP”), Paradigm Capital Inc., Cormark Securities Inc. and INFOR Financial Inc. (collectively, the “Underwriters”).
Michael Hilmer, Dealnet’s Chief Executive Officer, commented: “We are very pleased with the support the market has shown in Dealnet and our strategic plan through this Offering. We remain on track to complete our purchase of EcoHome and significantly increase our loan book and organic origination volumes. The combination of EcoHome and One Dealer Financial Services, our current funding brand, is a powerful growth engine for Dealnet.”
Each Subscription Receipt entitles the holder to receive upon exchange thereof for no additional consideration, one common share of Dealnet in exchange for each Subscription Receipt upon satisfaction of certain escrow release conditions, including the satisfaction or waiver of all conditions precedent (but for the payment of the purchase price) to the closing by the Company of the acquisition of EcoHome Financial Inc. (the “Acquisition”), provided that the conditions have been satisfied by March 31, 2016. Please refer to Dealnet’s press release issued on January 21, 2016 for additional details about the Acquisition.
The Subscription Receipts were issued pursuant to a subscription receipt agreement (the “Subscription Receipt Agreement”) among the Company, GMP and Computershare Trust Company of Canada, as subscription receipt agent. Pursuant to the Subscription Receipt Agreement, the proceeds of the Offering, net of Offering expenses and 50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Underwriters’ commission, have been placed in escrow pending delivery of the escrow release notice by the Company.
If the escrow release conditions are satisfied by 5:00 p.m. (Toronto time) on March 31, 2016, the escrowed funds (less the balance of the Underwriters’ commission) will be released to the Company. The Company will use such funds towards the cash portion of the purchase price of the Acquisition, and, any remaining proceeds, for Dealnet’s future growth as well as for general corporate purposes. In the alternative, if: (i) the Acquisition closing does not occur prior to 5:00 p.m. (Toronto time) on March 31, 2016; (ii) the share purchase agreement for the Acquisition is terminated at an earlier date; or (iii) Dealnet announces that it does not intend to proceed with the Acquisition, the subscription receipt agent and Dealnet will return to holders of Subscription Receipts an amount per Subscription Receipt equal to the Offering Price plus a pro rata share of the interest earned on the escrowed funds, if any, net of any applicable withholding taxes.
Certain directors, officers and employees of Dealnet participated in the Offering and purchased Subscription Receipts for gross proceeds of approximately $1.4 million.
In connection with the Offering, the Underwriters are entitled to a cash commission of $0.033 per Subscription Receipt (except with respect to sales to certain specified purchasers agreed upon by the Company and GMP to a maximum of $1,000,000 (the “President’s List”) in respect of which the Underwriters are entitled to a cash commission of $0.0165 per Subscription Receipt) and 3,218,200 non-transferable broker warrants (“Broker Warrants”). 50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Underwriters’ commission was paid and 1,609,100 Broker Warrants were issued on the closing of the Offering and the remaining 50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the cash commission is payable and 1,609,100 Broker Warrants are issuable on the closing of the Acquisition. Each Broker Warrant is exercisable by the holder for one common share of Dealnet for a period of 18 months following the closing of the Offering at a price of $0.55 per Broker Warrant.
All securities issued in the Offering (including any common shares issued on the exchange of the Subscription Receipts) are subject to a hold period of four months and one day, expiring on June 6, 2016.
The Offering is subject to the final approval of the TSX Venture Exchange.
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.
- Published in Dealnet News, Financial Technology, News Home
Albertans Receive Much Needed Cash Lifeline From Trudeau
Albertans Receive Much Needed Cash Lifeline From Trudeau
– Momentum Public Relations –
Prime Minister Trudeau travelled to Alberta on February 3rd, 2016, to let Albertans know that Ottawa would be prepared to provide up to 950 million dollars in “bail-out” funding in order to help the struggling province deal with its oil crisis and unemployment rates. More specifically, Ottawa would pledge up to 700 million dollars to fund infrastructure projects and add 250 million as a fiscal lifeline if needed. That is, the 250 million dollars that the federal government pledged to Alberta would go towards a fiscal stabilization program that has not been used in quite some time.
As for the $700 million, Trudeau promised to fast-track the money as needed in order to help unemployed Albertans get back on their feet, with funding expected to arrive in a few weeks to a few months. Given the fact that Alberta plans to invest 34 billion dollars in the next 5 years in order to rebuild hospitals and schools that have been overtaxed over the years, the extra funding from Ottawa will help expedite Alberta’s infrastructure project plans while minimizing any obstacles.
Moreover, the meeting between Alberta’s Premier and the Prime Minister could not have come at a better time, as the fiscal prognosis for the fledgling province in 2016 is dire at best. Fortunately, Trudeau’s reaching out to the province will help alleviate some of the tensions between the Liberal Party and Albertans, as the two sides have had a precarious relationship for several decades.
However, while Trudeau’s cash lifeline offer will not go unnoticed, many are still questioning where his party stands on the development of the Energy East Pipeline, as the proposal to build the pipeline has been met with ardent opposition from British Columbia and Quebec. Albertans, on the other hand, have stressed the importance of building a pipeline in Alberta in order for the province to access international oil markets.
Whether Trudeau will concede to Quebec and British Columbia’s demands or side with Alberta remains to be seen, although Trudeau hoped to make inroads on plans regarding climate change, E.I. reforms, and federal infrastructures during his hour-long meeting with Premier Rachel Notley.
In regards to employment insurance reforms, Trudeau promised marked and swift changes that would benefit the citizens of Alberta. For instance, Trudeau stated that getting financial aid in a timely and convenient manner was of the utmost importance, and went on to say that, “Nowhere is [it] clearer that there is a need for that right now and right here in Alberta.” It should also be noted that the restrictions placed on receiving E.I. benefits have been stricter in Alberta compared to other provinces for the longest time, as Alberta has historically enjoyed low unemployment rates until recently.
As such, employees in Edmonton and Calgary must work a minimum of 600 hours in order to qualify for employment insurance benefits and can only receive a maximum of 38 weeks. In comparison, employees in Atlantic Canada are only required to work 420 hours to receive E.I. benefits and can qualify for up to 45 weeks.
What’s more, the diversification of Alberta’s economy as well as its climate change plans were also addressed during the meeting, as Ms. Notley hoped to accentuate the grim economic conditions that the province was currently facing. For instance, Suncor Energy Inc-a notable oil sands monolith-posted a net loss of over two billion dollars in Q4 of 2015 due to asset writedowns. The net loss was attributed to foreign currency exchange losses as well as depressed crude oil prices.
Corex Gold (CGE:tsxv) Appoints Ramshaw as Corporate Development VP
Corex Gold Corp. (CGE:tsxv) has appointed Douglas Ramshaw as Vice-President of Corporate Development
– Momentum Public Relations – Feb.03, 2016
Mr. Ramshaw earned his BSc (honours) in mining geology from the Royal School of Mines, Imperial College, in London, United Kingdom. For almost two decades, Mr. Ramshaw has been a senior executive (including president, chief executive officer and vice-president, business development) and a director of several exploration companies headquartered in Vancouver but with mining properties around the world. Earlier in his career, Mr. Ramshaw was a mining analyst for an independent brokerage firm in London, United Kingdom. Despite his executive roles in exploration and mineral development, he is still active in the art and science of geological exploration, having spent time on field programs in both Yukon, Canada, and Mexico.
The company also advises that up to 650,000 stock options having an exercise price of five cents per common share have been granted to various directors and officers. The options have been granted in accordance with the terms of the company’s 10-per-cent rolling stock option plan and the policies of the TSX Venture Exchange.
- Published in News Home
Negative Interest Rates: When Nothing Else Works
When Nothing Else Works – Lower Interest Rates?
– Momentum Public Relations –
Negative interest rate policy (NIRP) is going mainstream. At the very least, active discussion of the possibility of NIRPs by senior level financial strategists has gone mainstream.
A few years ago anyone who suggested that central banks would be forced to consider this kind of policy might have been dismissed as a prophet of doom. Often, with twenty-twenty hindsight, yesterday’s prophet of doom morphs into today’s “expert”. But predictions related to capital markets are notoriously challenging given the multitude of variables. The near-term health, and the medium-term growth prospects, of developed economies continue to baffle the most astute prognosticators and trend watchers.
Janet Yellen, the current Chair of the Board of the US Federal Reserve, in her Senate confirmation hearing in late 2013, suggested that if interest rates approached zero that it could become quite disruptive to the money markets that feed the banking industry. The economic challenges of 2014 and 2015 have continued to place downward pressure on interest rates, notwithstanding Ms. Yellen’s concerns.
NIRPs have been used in recent years, but on a limited basis, and often for very specific reasons. In many cases, the purpose was primarily intended to discourage an influx of foreign money. They have also been used as a tool by some countries to peg the value of their currency to a larger currency. Today, the central banks of the Eurozone, Denmark, Sweden, Switzerland, and Japan are using NIRPs to attempt to manage the money supply and encourage investment in enterprises that produce discernible economic activity. The merits and potential impact of a NIRP is generating considerable debate in the financial press.
http://www.bloombergview.com/quicktake/negative-interest-rates
The larger economies of the world continue to face sluggish demand. Commodity prices are at a low point. Economic recovery post-2008 has slowed to a crawl. Anemic economic growth has had an impact on how most banks view risk. Already chastened by the excesses of the past decade, they have no desire to head out into uncharted waters. Recently, the overall cost of borrowing has been low, but the demand for money has been weak. This has caused some financial institutions to park money, holding it rather than lending it. The same has been true for a variety of investors. If stocks continue to be volatile then, in theory, it makes sense to preserve capital and liquidity by putting it in low or no-interest accounts. If an institution, or an individual, is faced with negative interest rates that means they have to pay a price to maintain their stash of cash. So what should cautious investors do and how can capital be protected? Will negative interest rates cause people to put their money under their mattresses?
The principle of NIRPs is that those who place something in storage have to pay for the privilege of storing it. The main reason for the policy is weak demand. When lenders cannot obtain a sizeable enough return on a loan, then they cannot afford to pay interest on the money that they are using to provide the loan. In theory, NIRPs ought to encourage investors to move money out of savings and into in the working economy. The policy also offers a disincentive for financial institutions to keep money in their vaults. When interest rates are negative, a retail bank has to pay the central bank if they wish to hold money in an account with the central bank. Additionally, an investor will be faced with a negative yield on bonds that previously returned additional cash at maturity, and a pensioner will have to pay a local retail bank to keep her money in a savings account.
The question is; will NIRPs spur real investment and produce economic growth? Does such a policy represent the last lever of economic influence that a central bank can use?
The answer is stay tuned. The evidence isn’t conclusive. Major central banks that have migrated to NIRPs have not yet produced much in the way of discernible stimulus. However it is impossible to assess if, in places like the Eurozone, NIRPs have prevented further deterioration of the regional economy.
The Fed in the United States has sent signals that suggest that an NIRP is on their agenda. Their position on the issue hasn’t formally changed, but we know how the Fed works. The fact that they speak openly about it and that they are running simulations through economic models suggests that a NIRP must be on the table for consideration. The Bank of Canada has sent similar signals while declaring its preference for maintaining the status quo, an extremely low-interest-rate that is as close to zero as possible.
One important takeaway for investors is that a policy that wasn’t being seriously considered a short time ago is being assessed by virtually every major central bank. When nothing else works, perhaps it is a policy worth considering.
10 Tips to Become a Successful Trader
10 Tips to Become a Successful Stock Trader
– Momentum Public Relations – By Stephanie Boucher
There are many advantages to knowing the ways of the market and successfully investing your money, with the most obvious being that you will make a fair profit. Investing in the stock markets often allows for residual income or maybe even a little bit of extra money for retirement, if done successfully, of course.
But successful trading is no easy feat, and it can be very overwhelming at first. “How much money should you invest?” and “What should you invest in?” are very common questions, among many others you will certainly ask yourself during the process.
Whatever your reason to start investing, you will find a few tips on how to smartly and successfully invest your money in the stock markets here.
1. Leave emotions out if the equation
A successful trader treats his investments like business deals. Decisions are always carefully calculated and based on numbers and facts – not on emotions. Greed and fear can be especially powerful when investing, and can get the best of anyone in a stressful situation, so best to keep your decision making neutral. Successful investors are always emotionally stable.
2. Identify your trading style
Give plenty of thought on the kind of investor your are – identify your goals, your comfort level with risk, your current financial situation and obligations, etc. This assessment will help you determine the kinds of stocks that are right for you. Also, if you choose to work with a broker or portfolio manager, be sure to choose someone who fits your trading style as well.
3. Do your research, follow the trends
Trade stocks based on numbers and analysis, rather than on gut feelings and what friends or colleagues might be saying. Rather, look at what top businessmen and investors are doing. Never invest on whim – a well-informed trade can go a long way in terms of profit. Analyze the markets to know when the best time of the day or month is best to make a trade.
4. Have a plan
Just like you should do your own research and determine your style, you should also establish a concrete trading plan. This plan should include your goals, your position, a stop loss point, a profit taking level, and a sound money management strategy. Lay out your goals and how you plan to get there on paper and thick to them, no matter what.
5. Know when to cut a loss
People seem to focus on when to buy a certain stock, but it’s just as important to know when to sell. Remember, an investment only turns into real money when you cash out. Never hold on to bad stocks for too long, thinking the price will eventually go up. Determine your stop loss point and if the stock falls below that point, it’s time to sell.
6. If you can’t afford to risk it, don’t!
Saving to fund a trading account can be a long process and a good trader should only use cash that is truly expendable in the stock market. The money in a trading account should never be allocated to anything else in your budget, such as paying off a mortgage or tuition. A successful trader should always be prepared to lose all of the money allocated to a trading account. This loss is never easy, but just think of how awful it would be if it should have been your next mortgage payment!
7. Keep a trading log
When you make a trade, get into the habit to noting why you made that decision. Write down your successful trades and mistakes you may have made along the way. This may seem tedious at first, but over time, you will be able to analyze this data, learn from your mistakes and become an even more successful trader.
8. Keep trading in perspective
There are always gains and there are always losses in trading. A good trader shouldn’t be surprised if a certain stock fails to meet expectations, just as a winning trade is only one step on the long road to profit – it’s the nature of the business of trading. Keep long-term, realistic goals in mind and always refer back to the trading plan. Once a trader can accept that these losses and gains are part of the process, it will really be much easier to stay unemotional when making a trade.
9. Use technology to your advantage
Trading is a competitive business, and there are technological tools that can help any trader stay on point. Charting platforms allow for an in depth analysis of the markets as well as allow to look back at historical data and trends. You can also use notifications on your smartphones the get instant updates and monitor trades from virtually anywhere in the world.
10. Be disciplined
A successful stock trader should always be disciplined and follow the rules he laid out for himself in his trading plan. Stick to the stop loss point as well as a profit taking level. Successful trading takes time and patience and those who are able to stick to their plans usually see more favourable outcomes. If you are unable to stick to the rules you have established you may need a new trading plan, or you should consider handing your portfolio over to a manager, who will stick to your rules for you.
- Published in Blog