Sage Gold Inc. Announces Non-Brokered Private Placement and Extends Debt Facility
Sage Gold Inc. Announces Non-Brokered Private Placement and Extends Debt Facility
– Momentum Public Relations –
Press Release: April 29, 2016
Sage Gold Inc. (TSX VENTURE:SGX) is pleased to announce that it intends to complete a non-brokered private placement (the “Offering”), subject to regulatory approval. The Offering will consist of the sale of approximately 7,000,000 units at the price of $0.05 per unit.
Each unit will consist of one common share of the Corporation (a “Common Share”) plus one half (1/2) Common Share purchase warrant (a “Warrant”). Each full Warrant entitles its holder to purchase one Common Share (a “Warrant Share”) at an exercise price of $0.10 for a period of 24 months following the Closing Date, whereupon the Warrants will expire.
It is anticipated that Insiders of the Company will participate in the Offering, thereby making the Offering a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”).
If the Corporation’s shares trade at or above $0.20 per share for 20 consecutive trading days, the Corporation may, at any time after the expiry of the statutory hold period, accelerate the expiration of the Warrants upon not less than 30 days written notice by the Corporation, and thereafter repurchase any unexercised Warrants at $0.001 per underlying common share.
The Corporation may at its discretion sell additional common share units to raise additional proceeds of up to thirty per cent (30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) of the Gross Proceeds of the Offering.
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 Offering 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.
Debt Facility – The Corporation has exercised its option to extend the secured term debt facility (the “Facility”) to October 15, 2016. An extension fee of $61,000 and accrued interest of 12{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} annually will be paid at maturity. The current principal and interest owed is $2.27 million. All other material terms and conditions of the Facility remain unchanged.
About Sage Gold
Sage Gold 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} polymetallic owned Lynx property and other exploration properties in the Beardmore-Geraldton Gold Camp and the Clavos Gold property in Timmins. 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.
Equitas Resources Corp. Completes Acquisition of Alta Floresta Gold Ltd.
Equitas Resources Corp. Completes Acquisition of Alta Floresta Gold Ltd.; Acquires 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Interest in Brazilian Gold Assets
– Momentum Public Relations – April 27, 2016
Equitas Resources Corp. (“Equitas” or the “Company”) (TSXV: EQT) (US:EQTRF) (Frankfurt: T6UN) is pleased to announce that it has received final TSX Venture Exchange approval and has finalized the acquisition of Alta Floresta Gold Ltd. (“Alta Floresta Gold”) as announced on January 15, 2016. Alta Floresta Gold has also increased its working interest in all of the Brazilian gold properties from 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}.
Equitas through Alta Floresta Gold indirectly owns a 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest in six gold properties with four production licenses, and over 184,410 hectares of landholdings in Mato Grosso and Para states of central Brazil. The flagship Cajueiro gold project (the “Cajueiro Project”) encompasses 39,053 hectares and is located 95 kilometers north of the city of Alta Floresta, which will be the location of the Company’s operations base in Brazil.
Alta Floresta Gold was successful in increasing its equity share in Alta Floresta Gold Mineracao S.A., (Alta Floresta Mineracao) its Brazilian operating subsidiary, from 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} by further investment and agreed acquisition from the minority stake holder ECI Exploration & Mining Ltd.
The immediate focus for Equitas will be to increase current gold production at the Cajuiero Project and to identify additional resources in the known mineralized areas. Currently Alta Floresta Gold is realizing small-scale sluice-box production from the mineralized alluvium and saprolite. As part of the expansion plan Equitas plans to acquire, and put into production, a gravity processing plant that is located near the Cajueiro Project.
An exploration program is currently being planned with the intention to further define and expand the resources at the Cajuiero Project. It is expected that the program will consist of bulk sampling, trenching and diamond and rotary air blast (RAB) drilling.
In connection with the transaction, Equitas issued 103,653,283 common shares to former shareholders of Alta Floresta Gold and 5,282,324 stock options to former optionholders of Alta Floresta Gold exercisable for a period of three years at a price of $0.15 per share. All securities issued in connection with the transaction are subject to a four moth hold period.
The following are brief biographies on Equitas’ new directors, officers and technical operators:
Kyler Hardy as Chairman, Director – 16 years in the resource sector as an entrepreneur & executive. Experience in operating remote & logistically complex exploration projects. Successful in building early stage businesses.
Chris Harris as President & CEO, Director – 30 years in energy, commodity trading & mining finance (Ernst & Young, CIBC, Enron UK, BHP Billiton, GMI Resources UK). Multiple principal investments & director roles.
Alan Carter as Director – 30 years in minerals exploration (Rio Tinto, BHP Billiton, ECI). Founder & CEO Magellan Minerals. Director: Cuprum Resources, Peregrine Diamonds.
David Hodge as Director – Extensive experience in management and financing of publicly traded companies. President of Zimtu Capital, a company focused on the mineral exploration sector through prospect generation and company creation/building. Has been involved with raising over $250M for public resource companies.
Everett Makela as VP of Exploration – Over 30 years of exploration experience as a geologist. Spent career with INCO & Vale. Held increased roles ranging from grassroots evaluations to near mine resource definition. Extensive experience with joint ventures and alliances. Retired as Principal Geologist, Vale North America.
Mike Bennett a Director and Officer of Alta Floresta Mineração – 30 years of exploration experience (23 in South America). VP Exploration of ECI (since 2009). 3 gold discoveries: Brazil – Coringa & Cajueiro and in Bolivia – Puquio North
Richard Crew as Consultant to Alta Floresta Mineração (operations) – 30 years of mining experience as an Operations Manager and Chief Operating Officer for numerous of companies & projects worldwide. Excellent knowledge of the international mining sector and technical developments. Fluent in English & Portuguese.
Elvis Alves as Project Manager and Exploration Geologist to Alta Floresta Mineração (operations) – Locally based experienced field geologist focused on mineral exploration and mining.
Equitas would like to thank Mr. Raymond Goldie, Mr. Qianjie Wang and Mr. Tim Fernback for their service while on the Equitas board of directors and we wish them well in their future endeavours.
- Published in Equitas Resources, Mining, News Home
Bonterra Resources drills 10 m of 9.3 g/t Au in Quebec
BonTerra Extends Main Zone to West with 10 m of 9.3 g/t Au, and Discovers New South Zone with 3.0m of 20.7 g/t Au at its Gladiator Gold Project
– Momentum Public Relations – April 26, 2016
BonTerra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the ” Company ” or ” BonTerra “) is pleased to announce that it has received assays on an additional four (4) holes from its 2016 Exploration and Drill Program on its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Gladiator Gold Project located north of Val d’Or, Qu e bec. To date, 11 of the 19 holes completed have been reported, with eight (8) holes remaining in the lab. All of the drill holes reported in this press release are located at or within 50 meters of the known western extents of the Gladiator deposits.
Nav Dhaliwal, President and CEO of BonTerra, commented: “Once again we are successful in not only extending the mineralization further to the west in the Main Zone, but we have discovered additional high-grade gold with an intersection of 20.7 g/t over 3.0 meters in the New Zone. Of note, the Main Zone intersected gold at the bottom of the deepest hole, clearly highlighting the strength and size of the Gladiator Gold Deposit.”
2016 Drilling Program Update and Highlights:
-New South Zone discovery intersects 3.0 m of 20.7 g/t Au in Hole BA-16-07 at westernmost limits of drilling to date;
-Intersection of 3.0 m of 3.0 g/t Au drilled in New South Zone in Hole BA-16-08;
-Extends Main Zone further to the west with intersection of 10.0 m of 9.3 g/t Au, including 3.0 m of 27.5 g/t Au, in Hole BA-16-10;
-Hole BA-16-10 extends mineralization down to 445.5 meters in deepest and westernmost hole drilled to date;
-8,300 m drilled to date in 19 holes on the western extension of Gladiator Deposit;
-Visible gold was identified in 16 of the 19 holes;
-The Gladiator Deposits are now outlined to the west by an additional 200 m long by 450 m deep, where 23 new drill holes (2015 and 2016) have extended the main deposits and discovered 3 new parallel zones.
-New drill information demonstrates that three zones (Footwall, Main and Intrusive) continue along strike, while three new zones (North Shear 1, North Shear 2 and South) have been identified both to the north and south of the previously known zones.
Dale Ginn, Vice President of Exploration of BonTerra, added: “We continue to build a very solid, consistent high-grade gold deposit that is demonstrating continuity in multiple zones. I would like to thank our Qu e bec-based exploration team for their hard work and excellent technical management of the 2015 and 2016 exploration program to date.”
Upcoming Program and Next Steps
The western extension of the Gladiator Deposit was targeted based on interpretation of recent geophysical programs and extension of known data from the existing Gladiator zones. With the ice drilling program now complete for the winter season, the project will now focus for the month of April on gathering and compiling information from the new core as received to date and pending. The 30-day window is allowing time for a full interpretation of the initial 19 holes and complete a detailed report of the winter campaign. Upon completion, BonTerra’s technical team will define, target and prepare the next drilling campaign and summer surface work. This program is expected to continue with drilling the main zones, follow up on the recent discoveries, apply drilling in order to extend the deposits to the east, and to follow up on targets identified on the Coliseum Property to the west.
See below a summary for all drill results reported to date from 2015 and 2016 including the most recent results from BA-16-07, BA-16-08, BA-16-10 and BA-16-11:
Hole | From (m) |
To
(m) |
Length
(m) |
Grade
(g/t Au) |
Zone |
BA-15-01A | 62.5 | 66.0 | 3.5 | 9.1 | Footwall |
210.6 | 217.2 | 6.6 | 14.0 | Main | |
Including | 215.9 | 216.7 | 0.8 | 104.5 | Main |
BA-15-02 | 107.6 | 110.2 | 2.6 | 4.7 | Footwall |
224.3 | 225.2 | 0.9 | 7.6 | Gabbro | |
320.5 | 476.0 | 155.5 | 0.5 | Intrusive | |
476.0 | 483.7 | 7.7 | 7.2 | Main | |
BA-15-03 | 187.0 | 188.5 | 1.5 | 4.3 | Footwall |
200.0 | 204.0 | 4.0 | 1.3 | Gabbro | |
219.0 | 220.0 | 1.0 | 3.8 | Gabbro | |
339.0 | 379.0 | 40.0 | 0.4 | Intrusive | |
392.8 | 397.0 | 4.2 | 1.6 | Intrusive | |
479.0 | 499.4 | 20.4 | 0.9 | Intrusive | |
BA-15-04 | 224.0 | 235.4 | 11.4 | 1.5 | Main |
Including | 234.1 | 235.4 | 1.3 | 8.0 | Main |
BA-16-01 | 126.0 | 127.0 | 1.0 | 5.2 | Footwall |
240.0 | 378.0 | 138.0 | 0.4 | Intrusive | |
Including | 299.0 | 302.4 | 3.4 | 1.7 | Main |
Including | 353.8 | 357.0 | 3.2 | 1.9 | Main |
BA-16-02 | 11.0 | 55.0 | 44.0 | 0.4 | New (North Shear 2) |
79.0 | 137.0 | 58.0 | 2.5 | New (North Shear 1) | |
Including | 79.0 | 95.0 | 16.0 | 6.1 | New (North Shear 1) |
Including | 79.0 | 84.0 | 5.0 | 15.3 | New (North Shear 1) |
92.5 | 95.0 | 2.5 | 7.5 | New (North Shear 1) | |
103.0 | 145.0 | 42.0 | 1.0 | Local Shear | |
BA-16-03 | 4.0 | 9.0 | 5.0 | 9.0 | Footwall |
Including | 4.0 | 6.9 | 2.9 | 13.5 | Footwall |
BA-16-04 | 64.0 | 70.0 | 6.0 | 10.4 | Main |
BA-16-05 | 25.0 | 26.5 | 1.5 | 3.5 | Main |
184.0 | 186.0 | 2.0 | 12.7 | Main | |
290.7 | 294.0 | 3.3 | 29.0 | New (South) | |
BA-16-06 | 20.8 | 30.0 | 9.2 | 2.1 | Footwall |
336.0 | 337.5 | 1.5 | 3.0 | Intrusive | |
416.0 | 420.0 | 4.0 | 1.7 | Main | |
BA-16-07 | 142.6 | 147.0 | 4.4 | 8.0 | Main |
Including | 144.2 | 147.0 | 2.8 | 11.9 | Main |
155.0 | 156.0 | 1.0 | 14.9 | Main | |
378.0 | 381.0 | 3.0 | 20.7 | New South | |
BA-16-08 | 245.0 | 332.8 | 87.8 | 0.31 | Intrusive |
368.0 | 371.0 | 3.0 | 3.0 | New South | |
BA-16-09 | 21.7 | 27.4 | 5.7 | 24.3 | Main |
110.1 | 111.2 | 1.1 | 41.7 | Main | |
364.0 | 369.0 | 5.0 | 1.8 | New (South) | |
BA-16-10 | 318.0 | 328.0 | 10.0 | 9.3 | Main |
Including | 321.0 | 324.0 | 3.0 | 27.5 | Main |
438.0 | 445.5 | 7.5 | 1.1 | New South | |
BA-16-11 | 35.0 | 36.7 | 1.7 | 13.6 | Main |
40.9 | 44.0 | 3.1 | 4.6 | Main | |
187.4 | 187.9 | 0.5 | 24.4 | New South |
*Stated lengths are core width as drilled, true widths have not yet been determined.
BonTerra Resources Quick Facts:
-7,563-hectare (Gladiator Project) in the Urban-Barry Camp in Quebec containing:
-Using a 4 g/t Au cut-off grade, the project currently contains an inferred resource of 905,000 tonnes, grading 9.37 g/t Au for 273,000 ounces of gold . Of note, ~90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the worlds operating mines have an average gold grade less than 8 g/t. Mineral Resource Estimate and technical report filed July 27, 2012, Snowden Mining Consultants.
-2016 Exploration Program underway – up to 25,000 meters utilizing minimum of two drill rigs at its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Gladiator Gold Project to expand current gold resource.
-2,165-hectare (Larder Property) in the Cadillac-Larder Break camp in Ontario ( refer to March 17, 2016 news release highlighting historical gold resource ).
Dale Ginn, P.Geo. has approved the information contained in this release. Mr. Ginn is a Director and Vice-President of Exploration for BonTerra and is a Qualified Person as defined by NI 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS,
Nav Dhaliwal, President & CEO
- Published in Blog, BonTerra Resources, Mining, News Home
Canada Strategic Metals (CJC.V): Regional Setting of the Sakami Gold Property
Canada Strategic Metals (CJC.V): Regional Setting of the Sakami Gold Property
– Momentum Public Relations –
Press Release: April 25, 2016
Canada Strategic Metals Inc. (“Canada Strategic Metals” or “the Company”) (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) and Matamec Explorations Inc. (TSX VENTURE:MAT)(OTCQX:MHREF) are pleased to announce that the La Pointe Zone of the Sakami property shows evidence of significant gold potential. The property covers a major geological contact between two sub-provinces that are very favorable for hosting gold deposits. This geological setting comprises the Opinaca sediments, the La Grande mafic volcanics, and iron formations in association with a strong deformation zone, notably near the tectonic contact of the La Grande-Opinaca sub-provinces. The mineralization style and tectonic setting share considerable similarities with the Eleonore mine held by Goldcorp and the Cheechoo showing held by Sirios Resources, such as :
- The mineralization associated with silicified paragneiss containing fine quartz veinlets.
- An alteration of quartz and brown tourmaline with minor arsenopyrite mineralization.
- An association of gold mineralization with a very proximal tonalite intrusion.
- The presence of gold mineralization associated with silicified paragneiss of the Opinaca basin, including fold structures.
The reader is cautioned that there is no guarantee that mineralization of the grade reported on the Cheechoo deposit will be identified on the Company’s Sakami project.
Recently, Sirios Resources announced significant gold results on the Cheechoo project with an intersection of 12.08 g/t Au over 20.3 meters (see press release of March 29, 2016 by Sirios Resources), as well as the closing of a private placement with Goldcorp in the amount of $ 962,000 (see press release of February 23, 2016).
Significant gold potential in the La Pointe Zone (Sakami Property)
The most significant drill hole intervals of the La Pointe zone are located along the northwest limit of the model, which remains open in that direction. Recent remodeling of the La Pointe zone revealed two superimposed main structures (vein 22 and 25), which have a relatively predictable continuity, as well as potential for additional veins (see figure 3 attached: Vertical Section).
The following table shows the best results of drilling to date on the La Pointe sector (these results have been already disclosed by press release on June 9, 2015):
Hole # | From (m) | To (m) | Length* (m) | Au (g/t) |
PT-13-65 | 112.50 | 138.00 | 25.50 | 3.03 |
Including | 126.00 | 138.00 | 12.00 | 4.00 |
PT-13-67 | 126.90 | 154.85 | 27.95 | 3.78 |
Including | 132.25 | 154.85 | 22.60 | 4.01 |
Including | 138.00 | 145.00 | 7.00 | 7.21 |
PT-13-68 | 200.50 | 221.00 | 20.50 | 2.77 |
Including | 201.65 | 215.00 | 13.35 | 3.23 |
Including | 201.65 | 205.00 | 3.35 | 4.71 |
278.25 | 281.10 | 2.85 | 2.82 | |
294.00 | 297.00 | 3.00 | 1.70 | |
PT-13-71 | 49.10 | 51.65 | 2.55 | 2.06 |
102.00 | 121.50 | 19.50 | 2.97 | |
Including | 107.40 | 121.50 | 14.10 | 3.78 |
Including | 112.00 | 121.50 | 9.50 | 3.95 |
PT-13-72 | 112.50 | 130.40 | 17.90 | 2.24 |
Including | 112.50 | 119.00 | 6.50 | 3.65 |
PT-14-74 | 237.65 | 264.00 | 26.35 | 2.30 |
Including | 243.70 | 252.50 | 8.80 | 3.80 |
Including | 247.70 | 252.50 | 4.80 | 5.18 |
PT-14-79 | 188.00 | 236.20 | 48.20 | 2.51 |
Including | 188.00 | 200.00 | 12.00 | 6.93 |
Including | 190.00 | 196.00 | 6.00 | 11.35 |
Including | 202.50 | 207.00 | 4.50 | 1.33 |
Including | 226.50 | 234.00 | 7.50 | 3.06 |
PT-14-82 | 231.45 | 271,70 | 40.25 | 1.43 |
Including | 231.45 | 235.50 | 4.05 | 5.12 |
Including | 231.45 | 240.00 | 8.55 | 3.58 |
Including | 256.85 | 259.00 | 2.15 | 3.83 |
Including | 267.50 | 271.70 | 4.20 | 2.38 |
PT-14-83 | 240.00 | 295.50 | 55.50 | 1.06 |
Including | 240.00 | 252.00 | 12.00 | 3.54 |
PT-15-85 | 148.50 | 194.00 | 45.50 | 1.47 |
Including | 148.50 | 156.00 | 7.50 | 3.84 |
Including | 183.00 | 194.00 | 11.00 | 1.74 |
PT-15-87 | 219.40 | 229.00 | 9.60 | 6.86 |
Including | 220.50 | 227.00 | 6.50 | 9.9 |
* Core length; the Company estimates the true width of the mineralized zone at 70 to 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the core length.
This area is recognized to date (see figure 3 attached: Vertical Section):
- the zone is continuous along a lateral distance of at least 250 m;
- the zone extends beyond 500 m depth down the dip of the structures;
- the mineralization remains open to the northwest, as well as at depth, with the best intersects along the northern edge (see figure 2 attached: Plan view).
These mineralized horizons are sub-parallel to the major tectonic contact, which spans more than 15 km on the Sakami property (See figure 1 attached: Sakami Property Geology).
Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder, President and Chief Executive Officer of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.
About Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 20,000 hectares in Quebec. With broad management experience in green technology and junior resource exploration and development, Canada Strategic Metals is well positioned to aggressively advance this promising property portfolio for its shareholders.
For more information on the Company, please visit www.csmetals.ca.
Sakami Property Geology (Figure #1) : http://media3.marketwire.com/docs/1051852_1.pdf
La Pointe Zone – Plan View of Vein 25 (Figure #2): http://media3.marketwire.com/docs/1051852_2.pdf
La Pointe Zone -Vertical Section (Figure #3): http://media3.marketwire.com/docs/1051852_3.pdf
Regional Geological Map (Figure #4): http://media3.marketwire.com/docs/1051852_4.pdf
- Published in Canadian Strategic CJC, Mining, News Home
Opportunity on the Rebound
Opportunity on the Rebound
– Momentum Public Relations –
It is tempting to spin a number of mining clichés when referring to the somewhat surprising rise in the TSX-Venture exchange. Are savvy investors in these stocks “sitting on a gold mine”? Could the truth behind the recent strength of the embattled junior exchange be “buried somewhere”? Enough with the clichés.
At this point many investors are, at the very least, sitting up and taking notice. It would be easy to dismiss the recent rebound of the Venture exchange if it could be explained by a general rise in worldwide markets or a discernible spike in commodity pricing. However the upward trend in the Venture index is occurring at a time when the Dow and the TSX have not shown sustained gains and when overall commodity pricing is volatile at best.
The upward momentum at the Venture exchange is a relatively recent phenomenon. In the past few years the index, weighted to some degree by under-performing mining and resource companies, has declined precipitously moving from around 2200 down to lows that breached the 480 mark. The index has risen from the 490 range up to levels of 530 and higher in the last 30 days. This would appear to defy conventional wisdom.
Throughout 2015, there were a number of market observers predicting everything from further steep declines to a complete collapse of the exchange.
http://business.financialpost.com/news/energy/tsx-venture-index-sinks-below-500-as-long-march-downwards-shows-no-signs-of-letting-up?__lsa=4d9c-332c
The recent strength of the Venture exchange could be dismissed as a mild correction; undervalued markets frequently adjust to respond to a perceived over-correction. There is no doubt that this resource-heavy exchange has suffered from investor fatigue. It has always been a place to take risks. However, the appetite of high-risk investors became much less robust post-2008.
Overall, most experts are cautiously optimistic about the Venture’s future because everyone recognizes that the resource sector always bounces back. The recent shift in fortune may signal that the appetite for risk is returning and that investors are prepared to own some small-cap stocks again. Meanwhile, this may be the right time to seek out undervalued stocks that have solid assets and reasonable growth prospects.
Investors may want to examine a number of individual smaller gold mining prospects that have begun to exploit reserves. Observers are starting to identify gold plays that, at current bullion prices, provide plenty of reason for optimism. Gold mining operations with solid resources and low cost of extraction can generate solid profit and create shareholder value when the commodity is trading in the area of USD$1200 to $1300 per ounce.
http://www.midasletter.com/2016/02/sptsx-venture-composite-index-gold-is-the-breath-of-life/
When it comes to investing, averages can be moderately helpful. Averages are a widely-used metric that provide general information and illuminate big-picture trends. However, averages can mask a number of important realities. In any investment portfolio that, “on average”, is in decline there are almost always stocks that are gaining.
The current rebound of the Venture exchange offers an opportunity to do two things simultaneously. First, it may be possible to ride the general wave of upward movement. Second, by scrutiny, it may be possible to find stocks that will rise more rapidly than the averages.
An experienced miner knows that it is often necessary to dig beneath the surface to find gold. Similarly, investors who make the effort to dig beneath the surface may discover hidden gems or uncover golden opportunities.
Relevium Technologies Returns 8,612,500 Shares to Treasury
Relevium Technologies Returns 8,612,500 Shares to Treasury
– Momentum Public Relations –
Press Release: April 22, 2016
Relevium Technologies Inc. (TSX VENTURE:RLV)(FRANKFURT:6BX) is pleased to announce it has received approval from the TSX Venture Exchange (the “Exchange”) regarding the cancellation of 8,612,500 previously issued shares relating to the acquisition of the assets of BIOflex Medical Magnetics, Inc. (the “Qualifying Transaction”) leaving the Company with a total of 29,525,966 common shares outstanding.
Leena Lakdawala, CEO of Relevium stated: “Management has been working diligently to create value for our shareholders. We have just returned over 8.5 million shares to the Company’s treasury, reducing the outstanding shares to fewer than 30 million and effectively cutting the cost of the BIOflex acquisition down by 50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. Relevium has recently executed an Exclusive Supply Agreement for our patented magnetic technology with Back-A-Line Inc., a California-based leader in back pain solutions, and the Company remains actively engaged in identifying additional assets within the growing global health and wellness market.”
Pursuant to Relevium’s news release dated February 29, 2016, the Company, BIOflex and iTech Medical, Inc. have agreed to adjust the purchase price under the Purchase Agreement (the “Purchase Price Adjustment”). As part of, and in satisfaction of, the Purchase Price Adjustment: (i) BIOflex shall return a total of 8,612,500 common shares in the capital of the Company which it currently owns to the Company for cancellation; (ii) the Company shall issue 1,722,500 common share purchase warrants to BIOflex (which shall be restricted and legended pursuant to applicable Canadian and U.S. securities laws), with each warrant being exercisable to acquire one common share in the capital of the Company, at a price of $0.1125 per share (being the same issue price as the securities transacted pursuant the Qualifying Transaction and representing a premium to the current market price of the Company’s common shares on the TSX Venture Exchange), for a period of three years from the date of issuance of the warrants; and (iii) the Company shall release the right of first refusal in respect of the muscle pattern recognition (MPR) technology of iTech Medical, Inc.
In addition, and as part of the discussions relating to the Purchase Price Adjustment, the Company has determined to settle the $225,000 loan owing from iTech Medical, Inc., as well as any accrued interest thereon. Other than as regards the Purchase Price Adjustment, terms and conditions and the duties and obligations of the parties pursuant to the Purchase Agreement continue in full force and effect.
About Relevium Technologies Inc.
Relevium is a TSXV listed company focused on growth through the acquisition of businesses, products and/or technologies within the scope of the expanding health and wellness sector, specifically under three important verticals: Pain Relief, Recovery and Performance. Relevium currently holds patented intellectual property for application of static magnetic fields on direct-to-consumer devices, which aid in decreasing pain, improving recovery time and enhancing overall physical performance.
On Behalf of the Board of Directors
RELEVIUM TECHNOLOGIES INC.
Leena Lakdawala, CEO and Director
Learn more by clicking here: www.releviumtechnologies.com
- Published in Bio technology, Life Sciences, News Home, Nutraceutical, Relevium Technologies
Nouveau Monde Receives Grant From NSERC Regarding Potential Graphene Production From its Natural Flake Graphite Project
Nouveau Monde Receives Grant From NSERC Regarding Potential Graphene Production From its Natural Flake Graphite Project
– Momentum Public Relations –
Press Release: April 20, 2016
Nouveau Monde Mining Enterprises Inc. (TSX VENTURE:NOU)(OTC PINK:NMGRF)(FRANKFURT:NM9) is pleased to announce that it has received a grant from the Natural Science and Engineering Research Council of Canada (NSERC), to help fund one of its ongoing research and development projects. The $25,000 grant, approved under NSERC’s ENGAGE program, was awarded last week to Dr. Mohamed Siaj, Professor at the Department of Chemistry at the Université du Québec à Montréal (UQAM) and Director of the NanoQAM Research Centre. Dr. Siaj, in partnership with Nouveau Monde, is spearheading the project titled: Development of a Chemical Process for Low-Value Graphite Ore Transformation to Value-Added Graphene-Based Electroactive Materials.
Nouveau Monde has been working with Dr. Siaj since 2014 with the goal of creating value-added products relating to natural flake graphite ore. As part of this collaboration, Nouveau Monde will be entitled to the Intellectual Property which could be developed during the course of the project.
Eric Desaulniers, President and CEO of Nouveau Monde, stated: “We are proud to be recognized by NSERC in this way. Our high purity flake Matawinie graphite project is continuing to demonstrate strong characteristics amenable to generating high-value-added products, particularly in the lithium ion battery market. This recent grant helps to identify additional long-term opportunities for Nouveau Monde in regard to potentially generating more value-added products that can be used in the developing graphene market.”
About Prof. Mohamed Siaj
Prof Mohamed Siaj received his Ph.D. in Chemistry at Laval University under the supervision of Peter McBreen, a world leader in Surface Science. Following postdoctoral training at the Colin Nuckolls group at Columbia University, New York, a leading institution in graphene research, Siaj joined the Department of Chemistry at UQAM as an Assistant Professor in 2008, and now holds the rank of Associate Professor. Prof. Siaj has extensive experience in different areas of surface science and nanomaterials-based graphene from a chemistry perspective. Siaj’s group activities focus on the growth, synthesis, processing and characterization of advanced nanostructured electroactive materials and their integration into carbon electrodes for chemical and biosensors applications.
Learn more by clicking here: www.nouveaumonde.ca
- Published in Mining, News Home, Nouveau Monde Mining
IWS Provides Update to Shareholders
International Wastewater Systems (IWS:CSE)(IWI:FSE) Provides Update to Shareholders
– Momentum Public Relations – April 19th, 2016
International Wastewater Systems Inc. (“IWS” or the “Company”) (CSE: IWS) (FRANKFURT: IWI) is pleased to provide shareholders with an update on the Company’s business development activity and the expanding pipeline of international opportunities.
The pipeline of projects continues to grow in the UK, Canada and the USA, and with the recent announcement that a SHARC wastewater heat recovery system (“SHARC”) is to be installed at a facility operated by the Australian Wool Testing Authority (“AWTA”) in Melbourne, IWS now has a strategic presence on three continents.
IWS has been working closely with some of the world’s major water utility companies in North America & Europe, many of whom have expressed interest in supporting the deployment of IWS technology across their waste water infrastructure and to contribute to the international carbon reduction programme enshrined at the 2015 United Nations Convention on Climate Change in Paris (COP21).
Commenting on the technology, Alex Mortlock, Strategic Planning Manager-Wastewater Infrastructure for Severn Trent (LON: SVT) (a FTSE 100 Company with wastewater operations in the UK and internationally) said: “having been introduced to SHARC technology during the second half of 2015, we are keen to explore the opportunity that IWS could create for us through their SHARC and PIRANHA technologies. We are currently reviewing the suitability of SHARC for use on one of our own buildings and will be investigating further opportunities to utilise the sewage flow contained in our 91,000km of sewers. We look forward to further developing our working relationship with IWS over the next 6 months.”
Commenting on the business development program Russ Burton, COO of IWS said: “the interest we are developing is significant and tangible, however we can’t underestimate the scale of the challenge that exists to convert the established thinking of combustion based heating engineers. But with the support of a number of UK and EU water companies, we are stimulating significant enquiries from single building adopters as well as developers looking to include low carbon district heating solutions into their project plans.”
The first UK installation for IWS at Borders college in Galashiels, Scotland was launched in December 2015 and has enabled IWS to showcase the credentials of the SHARC technology as a solution for District Heating, by connecting 5 plantrooms via a 1 km underground heat distribution network – a retrofit to older building stock, as well as demonstrating how the system can link into town sewer facilities, significantly increasing the market opportunity to heat buildings with limited water consumption.
At the Borders launch event Alan Scott, Finance Director of Scottish Water (a national water utility providing water and sewerage service across Scotland), said:
“Every day, Scottish Water provides customers with a massive 1.34 billion litres of drinking water, before collecting and treating 847 million litres of waste water. From industrial use to tourism, renewable energy and heating systems, Scotland’s vast water resources offer tremendous opportunities for added economic benefit.
The UK’s first sewage to heat scheme in Galashiels is an excellent example of how water resources can be harnessed and maximised, furthering the development of Scotland’s low carbon economy.
Scottish Water Horizons is delighted to have played a leading role in turning this initiative into reality. With 32,000 miles of sewer pipes throughout Scotland, we’re exploring the potential for this approach to be replicated at other locations, offering further environmental and heating cost benefits.
This initiative builds on our work to use Scotland’s water resources to help generate renewable energy, through the likes of hydro power schemes, helping to reduce costs and build an increasingly sustainable Scotland.”
Lynn Mueller, CEO of IWS commented: “The Carbon Crunch remains the most pressing global challenge of our generation and our ability to form alliances with some of the world’s leading water companies is a testament to the quality of the technology we have developed. We see this as only the beginning of the implementation and growth phase for the world-leading heat recovery technology developed by IWS.”
The Company is working to capitalize on the global opportunities that are available and expand IWS branded technology by creating the strategic relationships necessary for the future success of SHARC, PIRANHA and other products currently under development. The relationships being developed require significant strategic planning and the Company will make further announcements as it progresses.
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. (CSE: IWS) (FRANKFURT: IWI) is a world leader in wastewater 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.
- Published in Energy, Green Technology, International Wastewater Systems, News Home, Technology
Sirona Biochem (SBM.V) Initiates Research and Development on New Therapies
Sirona Biochem Initiates Research and Development on New Therapies for Keloid Scars and Acne Vulgar
– Momentum Public Relations – April 18, 2016
Sirona Biochem Corp. (TSX VENTURE: SBM) (FRANKFURT: ZSB) (XETRA: ZSB) (the “Company“) announces that its CEO, Dr. Howard Verrico, has approved two new therapeutic projects within the skin care portfolio addressing markets with unmet needs. Research and development will proceed for a novel compound for keloid scars and an acne treatment, each with a potentially favourable efficacy/side-effect-profile. Studies have begun for the keloid scar project with initial results expected in Q4 2016. The development program is being established for the acne program and will commence this quarter. The Company will look to partner the therapeutics after In-Vitro studies.
A keloid scar is an overgrown scar that can spread outside the original area of skin damage. Keloid scars are raised above the surrounding skin, and can feel hard and rubbery. Keloids affect around 10-15{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of all wounds. Current treatments for Keloids have very limited results leaving a large unmet need. According to a report recently published by Persistence Market Research (PMR), the global scar treatment market is poised to rise at a CAGR of 10.3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} from US$ 16.0 Billion in 2015 to over US$ 31.9 Billion by 2022. Some of the key players in the keloid treatment market are Novartis, GlaxoSmithKline, Galena Biopharma, Bristol-Myers Squibb and Valeant Pharmaceuticals International.
Recent testing of compounds created by Sirona’s wholly-owned French subsidiary, TFChem, has shown properties suggesting potential application in the treatment of Keloids. Further testing is underway and a detailed project plan is being developed.
Acne vulgar is a long lasting skin disease that occurs when dead skin cells and oil from the skin become clogged with hair follicles or skin pores. Severe acne is inflammatory, but acne can also manifest in non-inflammatory forms. Acne affects the majority of the world’s population and there is an unmet need with current therapies. The global acne market is estimated to reach US$ 4.4 Billion by 2020 (Technavio, 2016). Some of the key players in the acne vulgaris treatment market include Galderma, Allergan, Bayer, Cipher, Johnson & Johnson and Valeant Pharmaceutical International.
“In anticipation of a near-term upfront payment as part of a licensing agreement for our novel skin lightening compound, we are increasing our research activities substantially,” reports Dr. Howard Verrico, Chairman and CEO of Sirona Biochem.
“Dr. Geraldine Deliencourt-Godefroy, our Chief Scientific Officer, has identified promising compounds using our innovative carbohydrate fluorination technology. Although at an early stage in development, our scientific team has an excellent track record of predicting how the fluorination process improves carbohydrate cosmetic and therapeutic agents,” he added.
About Sirona Biochem
Sirona Biochem is a cosmetic ingredient and drug discovery company with a proprietary technology platform developed at its laboratory facility in France. The Company specializes in the stabilization of carbohydrate molecules, with the goal of improving compounds’ efficacy and safety. Sirona Biochem’s compounds are patented as new chemical entities for maximum commercial protection and revenue potential. Newly developed compounds are licensed to leading companies around the world in return for licensing and milestone fees and ongoing royalty payments. TFChem, Sirona Biochem’s wholly-owned French laboratory, is a recipient of multiple French national scientific awards and a European Union and French government grant.
For more information, please visit www.sironabiochem.com.
- Published in Blog, Life Sciences, News Home, Sirona Biochem
International Wastewater Systems (IWS:CSE)(IWI:FSE) Featured by CNNMoney
IWS Featured by CNN
– Momentum Public Relations – April 15th, 2016
International Wastewater Systems Inc. (“IWS” or the “Company”) (CSE:IWS)(FRANKFURT:IWI) is pleased to announce that CEO Lynn Mueller was featured by CNN in an interview with reporter Jacqueline Wattles from CNNMoney.
The audio interview with CNN includes an in depth discussion of IWS’s wastewater heat exchange technology that provides up to 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of a building’s heating and hot water requirements, using an inexhaustible renewable energy source: wastewater.
The interview will be available on CNNMoney during April 2016 and IWS will provide an update once the interview is accessible on the CNN website.
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. (CSE:IWS)(FRANKFURT:IWI) is a world leader in wastewater 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.
- Published in Blog, Green Technology, International Wastewater Systems, News Home