Equitas Resources Corp. (EQT:V) Announces Non-Brokered Private Placement – Oversubscribed
Equitas Resources Corp. Announces Non-Brokered Private Placement – Oversubscribed
– Momentum Public Relations –
Press Release: July 27, 2016
Equitas Resources Corp. (“Equitas” or the “Company”) (TSXV: EQT) (US: EQTRF) (Frankfurt: T6UN) is pleased to announce that the non-brokered private placement that was announced on July 22, 2016 has been oversubscribed.
Subject to acceptance of the TSX Venture Exchange, the Company will close on 6,610,000 units (“Units”) at $0.10 per Unit for proceeds of $661,000 and 1,818,181 Flow-Through Units (“FT Unit”) at $0.11 for proceeds of $200,000 for gross proceeds of $861,000.
Each Unit will consist of one common share and one share purchase warrant (a “Warrant”). Each FT Unit will consist of one common share and one-half of a share purchase warrant (a “Warrant”). Each whole Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.16 per share for a period of 24 months from closing.
All the securities will be subject to a four-month hold period from the date of closing. There will be no finder’s fee payable.
Proceeds of the private placement will be used for Canadian mineral exploration expenditures, development at the Cajueiro Project in Brazil and for general working capital.
For more information on Equitas Resources Corp., please contact Sean Kingsley, Corporate Communications at 604-681-1568 or skingsley@equitasresources.com.
- Published in Equitas Resources, Mining, News Home
Why Graphite Matters
Why Graphite Matters
– Momentum Public Relations –
Graphite. Sure it’s related to the diamond family, but it is decidedly less celebrated than the shimmering jewel that we associate with love, weddings, songs, and extravagant jewelry. Some of the commercially mined graphite is used for pedestrian products like pencils. The “lead” filling in a pencil is, in fact, composed of a mixture of graphite and clay. Based on application, the electrode industry held the largest share of the overall US and the world markets for graphite in 2014 (see chart below).
Some of the major drivers behind the growing worldwide demand for graphite has been attributed to the Asia-Pacific region’s increased demand for steel. Graphite’s main function, however, is as a lubricant. It has many electrical uses, primarily because it is the only common nonmetal that is a very efficient conductor of electricity.
Fuel Cell Technology Requires Supply of Graphite
Demand for graphite is expected to rise as electric vehicles, and lithium battery technology are adopted. Fuel cells, nuclear and solar power also have the potential to create significant incremental demand growth. Interestingly, there is roughly 10-20 times more graphite in a lithium-ion battery than there is lithium.
Graphite doesn’t get a lot of attention, but it showed up the headlines in 2015 when Tesla Motors began building its lithium-ion battery “gigafactory” in Nevada. When fully on-stream in 2020, the gigafactory could double the world supply of lithium-ion batteries, mostly for the automotive market but also for residential stationary power packs. By 2020, Tesla is planning to make 35GWh of lithium-ion batteries a year. Some market commentators have speculated that the potential new market from Tesla alone will require at least 50,000 tonnes per year of graphite.
Today, world natural graphite production is split almost equally between flake and amorphous, but the proportion of flake is expected in increase by 2020. This is providing opportunities for investors in key mining operations that are expected to produce commercial quantities of flake natural graphite.
The global graphite market was valued at over 15 billion USD in 2014, and it is expected to grow at a compounded annual growth rate of four percent from 2016 – 2021. Synthetic graphite holds the largest market share with greater than 70 percent share. However, demand is rising rapidly for flake natural graphite. Global consumption of natural graphite products has more than doubled in the past ten years, and the trend is expected to continue.
Price Recovery Underlines Opportunities for Investment in New Mines
Average prices of flake natural graphite have fallen almost continuously from the sustained peak seen between mid-2011 and early 2012. The decline in pricing resulted from reduced demand from steel refractories and slower economic growth in China. As prices begin to recover through 2016, companies developing new graphite projects have become increasingly interesting for investors who are looking at long-term growth opportunities.
China is the world leader in graphite with a market share of roughly 70{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. In 2010, South Graphite was set up in Hunan province to take control of 200-250 small, privately-owned mines and bring them under state control. Chinese domination of the market is likely to shift in the medium term as higher technology end uses for graphite require stable supply at reasonable economics. Also, the modernization of Chinese industry is likely to consume most of the higher grade product resulting in limited export availability of flake natural graphite.
Significant new opportunities are arising with the emergence of new uses for flake natural graphite, particularly in North America. Mining companies are exploring vast flake resources in places like Mozambique. However, political stability, security and transportation costs are a factor in many developing countries. As a consequence, high-quality vein graphite resources in North America are being actively explored. Around a quarter of all new capacity could be in Canada, where more than 30 credible flake natural graphite projects are currently being developed.
Nouveau Monde – a Timely Opportunity
One extremely interesting company is a start-up called Nouveau Monde Mining (NOU : TSX Venture). The company is exploring and developing a property in Matawinie, 130 kilometers north of Montreal, Canada. They are in the advanced stages of exploration and are joining forces with other graphite companies to acquire a mill to producing graphite for Lithium-Ion batteries. The company has also received a grant to help fund their operation from the Natural Science and Engineering Research Council of Canada (NSERC). Looking forward, they expect to release the Preliminary Economic Assessment (PEA) during the first half of 2016.
Nouveau Monde’s graphite operation is likely to bring product to market at an opportunistic time. Demand is on the rise and the largest North American graphite producer, Imerys, also located near Montreal, is nearing the end of its estimated resource. This means buyers for graphite will need to find a new supplier and it makes sense to source product from a well-known and reliable mining district.
Growth in demand for batteries will drive the market
The emerging technology of battery driven automobiles and battery technologies in homes may eventually provide a humble mineral like graphite with the status and respect of its cousin, the diamond. After all, existing world demand for graphite in all batteries is estimated to total 125,000 tonnes at present. But this is sure to double, triple, quadruple. Growth almost always produces investment opportunities for those who seize the best opportunities. Could graphite someday become a “girl’s best friend?” Stay tuned!
- Published in Blog
Equitas Resources Corp. Announces Non-Brokered Private Placement
Equitas Resources Corp. (EQT: V) Announces Non-Brokered Private Placement
– Momentum Public Relations – July 22nd, 2016
Equitas Resources Corp. (“Equitas” or the “Company”) (TSXV: EQT) (US: EQTRF) (Frankfurt: T6UN) is pleased to announce that it has arranged a non-brokered private placement. It is anticipated that insiders of the Company plan to participate for not more than 25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the placement.
The arrangement is for up to 4,500,000 units (“Units”) of the Company at a price of $0.10 per Unit for gross proceeds of up to $450,000. Concurrently the Company will also be offering up to 1,800,000 flow-through units (“FT Units”) at a price of $0.11 per FT Unit for gross proceeds of up to $200,000.
Each Unit will consist of one common share and one share purchase warrant (a “Warrant”). Each FT Unit will consist of one common share and one-half of a share purchase warrant (a “Warrant”). Each whole Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.16 per share for a period of 24 months from closing.
All the securities will be subject to a four-month hold period from the date of closing. There will be no finder’s fee payable. The private placement is subject to the approval of the TSX Venture Exchange.
Proceeds of the private placement will be used for Canadian mineral exploration expenditures, and for general working capital.
“We are pleased to have this private placement, management plans to be a part of the subscription, to increase our cash position, and prepare us for the upcoming development programme on Cajueiro. We are now awaiting drilling assay results and the metallurgical testing to come back so as to fine-tune our development plans” said Chris Harris, President & CEO of Equitas Resources.
Learn more by clicking here: www.equitasresources.com
- Published in Equitas Resources, Mining, News Home
Supply Shortage is Driving Zinc Prices
Supply Shortage: Zinc Prices on the Rise – Mining Opportunities Created
– Momentum Public Relations –
The recent events surrounding the Brexit have been challenging for some base metals on the London Metal exchange. The three-month copper contract for example was down 3.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}.
On the other hand, all base metals have not been affected the same way. Zinc is proving to be an outlier among other base metals. Since the beginning of the year, the price for this base metal gained more than 30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. The metal mainly used for galvanizing steel and iron has steadily increased its value since early this year and its price even reached its highest level since July 15 2015.
Unlike copper and aluminum, zinc doesn’t suffer from an oversupply. According to the International Lead and Zinc Study Group, global demand for zinc was around 14 million tonnes in April, while total world stocks were around 1.5 million tonnes. It is important to note that these prices have been driven by investors buying in lieu of any change in the fundamentals. According to Robin Bhar, Head of Metals Research at Societe Generale,
“We can expect some further gradual gains admittedly some of the gains have come too quickly because of being based on some buying speculative activity jumping on the bandwagon. So we should expect maybe prices to maybe level off. I think in the fourth quarter when we should see physical demand picking up after the slow summer period, we could see some further gains particularly in zinc and nickel because of an ongoing supply constraints. We are seeing some closures of zinc mines and in nickel we have the threat of mine closures in the Philippines to add to the already existing export ban by Indonesia. So, we would expect further modular gain certainly in the last quarter of this year.”
Canada’s zinc output has been on the decline for the last few years. This decline can be explained by the closure of the Brunswick #12 mine in 2013. This mine was the largest deposit in the Bathurst area and was one of the largest underground zinc mines in the world up until its resources were depleted. The success of Brunswick #12 pushed several mining companies to explore the region in order to take advantage of high level of resources available. One extremely interesting company in the region is Puma exploration Inc. (TSX.V). The company is exploring and developing multiple properties (in red) in New Brunswick, only a couple kilometers north of Brunswick #12 Mine. With demand on the rise and Trevali starting commercial production at its Caribou mine, Puma Exploration is a great opportunity for investors who want to take advantage of an improving zinc market.
For more information on Puma Exploration (PUM:tsxv) visit their website at www.explorationpuma.com/
You can also read the following update released by Puma on July 19th, 2016.
- Published in Blog, Mining, Puma Exploration
Puma Exploration Reports on New Brunswick Operations
Puma Exploration Reports on New Brunswick Operations
– Momentum Public Relations –
Press Release: July 19, 2016
Puma Exploration (TSX VENTURE:PUM)(SSE:PUMA) (“Puma”) is pleased to report progress on its New Brunswick operations. Puma will maintain its focus in the prolific Bathurst Mining Camp of New Brunswick, while it is currently in the process to sell the Little Stull Lake Gold project in Manitoba, the only project outside New Brunswick.
The Bathurst Mining Camp, famous for its Giant Brunswick 12# Mine, host significant resources that are near surface and within close proximity to all infrastructure’s needed for mine development within the established Canadian mining jurisdiction. Puma’s main active Projects are the Turgeon VMS (Cu-Zn), the Red Brook Skarn (Zn-Cu-Au), the Ann’s Creek Polymetallic Deposits (Ag-Au-Zn-Pb) and the Beresford Copper Porphyry (Mo-Cu). In fact, Puma’s projects in New Brunswick offer a wide range of commodities to investors which are mainly oriented toward base metals (Zinc – Copper) but also give significant exposure to precious metals (Gold – Silver) and to strategic metals (Molybdenum).
With the recent acquisition of the Red Brook, high grade zinc property, Puma is strengthening his high quality base metal projects in its portfolio. Both, Turgeon (Zn-Cu) and Red Brook (Zn) properties will get most of the field exploration during the summer and fall seasons.
Turgeon VMS (Zn-Cu)
Puma’s initiated a drilling program (2,000 meters) is designed to test the first priority targets defined from the recent ground geophysical survey (IP) carried out on the Turgeon VMS (Cu-Zn) project. The survey revealed five (5) first priority untested target anomalies along the favourable horizon and also on new zones never tested. One of those represents a potential major VMS anomaly of a size of 350 meters by 350 meters, open at depth and along strike, located on the extension of the main Dragon hydrothermal alteration zone. The program is still underway and the results will be released when they will come available.
Red Brook Skarn (Zn-Cu-Au)
Red Brook was acquired from a local prospector’s following his recent discovery of high grade Zinc Massive Sulphide outcrop grading up to 13{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 0.23{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu and 2.5g/t Ag. The initial excavation, 40 meters by 15 meters area, also contains a Gold and Copper zone grading up-to 1.3 g/t Au and 0.53{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu (see News 19/01/2016). The mineralization is open in all directions. Currently, Puma’s crew is prospecting and exploring the area in preparation for major stripping program over the main Zinc showing.
Ann’s Creek Polymetallic Lenses (Ag-Au-Zn-Pb)
The mineralized lenses, namely Haché, Shaft, Henry, Henry East, Half Mile and Pine Tree of the Ann’s Creek Property are spread over a distance of 6 kilometers and have received very little advanced exploration work with the exception of the Haché Lens. 3D modelling focusing on the high grade portions of the Haché lens containing at least 300 g/t Ag (10 oz/t) is done and Puma is currently evaluating different scenario’s to develop and benefit from this outcropping high grade Ag-Au-Zn-Pb Haché lens. Also, geologists have prospected and mapped over the other existing lenses and in new areas to define other high grade base and precious metals potential. Results from this work will be released shortly.
Beresford Copper Porphyry (Cu-Mo)
The Beresford Copper Project consists mainly of the large 4 km diameter Nicholas-Denys porphyry intrusion. In 2014, continuous molybdenum, copper and silver mineralization and alteration were intersected over 486.4 meters representing the first discovery of a significant Mo-Cu Porphyry system in New Brunswick. Ten (10) first priority IP targets remain to be drilled. Holes FND14-01 and FND14-02 are located on the northwestern boundary of the 4km diameter ND granodiorite intrusion at the terminus of a NW-SE trending 1km wide by 5 km long fairway defined by drillholes, mineralized trenches and prominent Induced Polarization (“IP”) and magnetic anomalies. Puma is currently seeking a strategic partner to explore and develop the Nicholas-Denys Porphyry system.
Puma also announces the closing of private placement offering with qualified investors, employees, executive officers, directors and consultant in the amount of $545,980. With this placement, Puma Exploration issued 9,099,665 common shares at the price of $0.06 per share and 9,099,665 warrants. Each full warrant gives its holder the right to purchase one common share at a price of $0.10 per share until July 19th, 2018. In connection with this Private Placement, the Company has paid cash finder’s fees in an amount of only $2,558 and issued only 42,640 finder’s warrants will entitle holder to acquire one additional common share of Puma at a price of $0.06 for 24 months.
All securities issued to purchasers and finders under the Offering are subject to a four-month hold period from the date of issuance of the securities, pursuant to applicable securities legislation and the policies of the TSX Venture Exchange. These placements have received the conditional approval of the TSX Venture Exchange. The proceeds of the Offerings will be used for the exploration and development of Puma’s properties in New Brunswick and for general purposes of the company. Further to the placement, Puma will hold 131,965,598 shares issued and outstanding common shares.
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 their equity interest in BWR as related to the Little Stull Lake Gold Project in Manitoba. Puma is focusing its exploration efforts in New Brunswick, Canada.
Learn more by clicking here: www.pumaexploration.com
- Published in Mining, News Home, Puma Exploration
Namaste Closes Acquisition of VaporSeller
Namaste Closes Aquisition of VaporSeller
– Momentum Public Relations –
Press Release: June 7, 2016
Namaste Technologies Inc. (CSE:N) (OTC PINK:NXTTF) (FRANKFURT:M5BQ) reports that it has completed the acquisition of VaporSeller, an e-commerce portal for the sale of vaporizers and accessories that generated an unaudited revenue base of US$3.4 million in 2015. The Company has commenced integration activities to ensure an effective transition into the operations of Namaste. This includes software integration, inventory storage and controls, and the transition of customer service and support functions. The following sets forth the highlights of the acquisition:
- Increases annualized run rate revenue by approximately 142{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to US$5.8 million;
- Expands customer list by over 150,000 names;
- Adds new manufacturer relationships and products that will be sold though VaporSeller as well as Namaste’s retail and wholesale division; and
- Provides strategic entrance into the US market.
Further to the Company’s press release dated June 7, 2016 that outlines the definitive terms for the acquisition of VaporSeller, the Company has acquired all VaporSeller related website domains, a customer list of over 150,000 names, and related intellectual property, goodwill, and support services, in exchange for US$500,000 in cash, 5.0 million shares of Namaste over time and an earn-out of US$1.5 million, subject to revenue and margin controls.
In addition to closing the acquisition of VaporSeller, the Company has also closed on the minimum subscription requirement of its non-brokered private placement by issuing approximately 8.0 million units (“Units) of the Company for gross proceeds of approximately $960,000. Each Unit consists of one common share of the Company and one common share purchase warrant at an exercise price of $0.18 for a period of 2-years. All securities issued pursuant to the non-brokered private placement are subject to a four month plus one day hold period. The Company continues to work with investors to obtain additional subscriptions for its non-brokered private placement and will update investors in due course.
Mr. Sean Dollinger, President and CEO of Namaste, comments: “The closing of VaporSeller represents a very significant accomplishment for the Company. In less than 6-months from going public, we have more than doubled the size of Namaste’s revenue base, substantially expanded our customer base, entered the US market and added important new lines of products. I would like to personally thank all those involved in bringing this transaction together.”
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has over 30 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
Learn more by clicking here: www.namastetechnologies.com
- Published in Life Sciences, Namaste Technologies, News Home
Relevium (RLV:tsxv) Announces Partnership Agreement With Hong Kong Based Technology Product Developer
Relevium Announces Partnership Agreement With Hong Kong Based Technology Product Developer
– Momentum Public Relations –
Press Release: July 13, 2016
Relevium Technologies Inc. (TSX VENTURE:RLV) (FRANKFURT:6BX) (the “Company” or “Relevium”) is pleased to announce it has executed a cooperation agreement with Radcon Consulting, a leading “Connected” and “Wearable” technology product designer based in Hong Kong and with offices in China.
Pursuant to the terms of the cooperation agreement, Radcon Consulting will provide Technical Evaluation, Design, Engineering, Project Management and Go-to-Market services in addition to providing investment opportunities in leading edge wearable and connected devices and/or technologies in the areas of Health, Wellness and Sports Performance.
Leena Lakdawala, CEO of Relevium stated: “According to the Consumer Electronics Association®, the connected Personal Health and Wellness market is expected to reach 8 billion by 2018 and Relevium is planning to access this market through unique and innovative products and/or technologies at the peak of the innovation cycle”. She added further “The partnership with Radcon Consulting ensures continued technology flow that will drive the innovation engine behind our consolidation of e-retail asset strategy”
Conrad Lee, CEO of Radcon Consulting stated: “We are excited and delighted to be a partner of Relevium. This cooperation truly strengthens and expands the reach and services for both companies to many innovative and disruptive technologies and investment opportunities”
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 Technologies Inc. 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.
About Radcon Consulting.
Radcon Consulting is a privately held company focused on providing a full suite of services equipped to take concepts from basic design to reality, handling all the technical details while its customers focus on innovation. The company provides Project Management, Electronic/mechanical Design, Software & Firmware Design, Engineering & Manufacturing, Intellectual Property Management, and Go-to-Market as well as other comprehensive services.
- Published in Bio technology, News Home, Nutraceutical, Relevium Technologies, Technology
Puma Signs LOI to Develop Little Stull Lake Gold Project in Manitoba
Puma Signs LOI to Develop Little Stull Lake Gold Project in Manitoba
– Momentum Public Relations –
Press Release: July 12, 2016
Puma Exploration (TSX VENTURE:PUM)(SSE:PUMA) (“Puma”) has signed a LOI (letter of intent) with Black Widow Resources Inc. (TSX VENTURE:BWR) (“BWR”) to sell 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of its interest in the Little Stull Lake Gold project in northern Manitoba. The gold project is composed of the adjoining Little Stull Lake claims (20 claims totaling 2,900ha) and the Kistigan (14,715 ha) and Edmund Lake (20,310 ha) Mineral Exploration Licenses (MEL).
Following its corporate development plan, Puma is concentrating its efforts on the Famous Bathurst Mining Camp of New Brunswick, where a drilling program is underway at the Turgeon Zinc-Copper Project. Puma will continue to benefit from the exploration and development of the Little Stull Lake Gold project by having a significant (approximate 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) equity interest in BWR.
The main elements of the LOI with BWR include a cash payment of $150,000, from which the first $50,000 was a deposit due upon signing the LOI as well as two other milestone payments of $50,000 each, payable when Edmund Lake and Kistigan Mineral Exploration Licenses are transferred to BWR. Also, Puma will receive up to 10,000,000 BWR shares that on a pro forma basis may represent a significant (approximately 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) equity in BWR. The first 5,000,000 shares will be received at the signature of the final definitive agreement. The remaining 5,000,000 shares to be received upon certain exploration and development milestones being met by BWR over the next years. In addition, Puma will have the first right of refusal to maintain its pro rata interest in BWR by investing in future financings of BWR. If commercial production is attained at the Little Stull Lake Project, Puma retains a non-buyable 1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the NSR. Puma will also nominate one director to the BWR board of Directors.
The most recent corporate activity in the Project area is the Yamana Gold (TSX:YRI) takeover of Mega Precious Metals (TSX VENTURE:MGP). Yamana now holds the Monument Bay Gold Deposit (see MGP news release 2015-06-22) located 15km southwest of the Little Stull Lake Gold Deposit
“Now, with what we think is the beginning of a new bull market for significant Gold Projects, we are very pleased to sign the LOI with Black Widow Resources Inc. From the different opportunities and propositions evaluated over the last few months, Mr. Novak and his management team at Black Widow were preferred because of their proven discovery track record and their demonstrable ability to develop effective and respectful working relationships with First Nation Communities.” notes Marcel Robillard, President of Puma Exploration.
The Little Stull Lake gold zones lie in a similar geological environment to that of the nearby Monument Bay deposit being developed by Yamana Gold. Monument Bay is reported to contain 3.1 million ounces of gold (MGP news release 2014-11-21). The historical drilling carried out on Little Stull Lake property resulted in the discovery of high-grade gold mineralization in an Archean greenstone belt. The gold mineralization is mainly confined to quartz veins in brecciated basalt 25 to 50 metres thick. This unit has so far been traced on surface (diamond drilling and surface trenches) at Little Stull Lake for more than 5 km and coincides with a major regional fault striking more than 60 km in length that is currently protected by the Mineral Exploration Licenses.
Puma completed ten (10) drill holes totalling 1,500 metres in the Little Stull Lake gold property’s 11W Zone in 2007. This zone carries the highest gold grades intersected in drilling of the basalt during previous work, with 330 g/t Au, 202 g/t Au, and 125 g/t Au over one metre of core, which are included in longer intercepts of 7.4 g/t Au over 47.0m and 4.5 g/t Au over 45.2m. All of Puma’s holes intersected the mineralized basalt, which contains an average of three core intersections one metre in length with gold values ranging from 1 to 46 g/t Au. Moreover, the drilling intersected some high-grade layers one metre long containing 46.0 g/t Au, 15.6 g/t Au, 8.4 g/t Au, and 7.2 g/t Au (PUM news release 2008-09-01).
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 their equity interest in BWR as related to the Little Stull Lake Gold Project in Manitoba. Puma is focusing its exploration efforts in New Brunswick, Canada.
Learn more by clicking here: www.pumaexploration.com
- Published in Mining, News Home, Puma Exploration
MOBI724 GLOBAL SOLUTIONS INC. (CSE:MOS) Announces Proposed $5 Million Senior Secured Convertible Debenture Financing
MOBI724 GLOBAL SOLUTIONS INC. (CSE:MOS) Announces Proposed $5 Million Senior Secured Convertible Debenture Financing
– Momentum Public Relations – July 7, 2016
Mobi724 Global Solutions Inc. (“Mobi724” or the “Company”) (CSE:MOS), a Fintech leader in the digital incentives, couponing and payment space is pleased to announce that the board of directors of the Company has authorized to seek financing by way of issuance of brokered senior secured convertible debentures (“Convertible Debentures”) for maximum proceeds of $5,000,000.00. The Company expects to use the net proceeds to support project deployments of the Company’s solution, for ongoing obligations and for working capital requirements.
The Company proposes to issue Convertible Debentures for a term of 3 years (the “Term”) bearing interest at a rate of 6.75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per annum. The Convertible Debentures shall be convertible at the option of the holder into common shares of the Company (the “Shares”) on or prior to the expiry of the Term as follows: i) $0.15 within the first year of the Term, ii) $0.25 within the second of the Term and iii) $0.35 within the third year of the Term. The Company has the option to redeem the Convertible Debentures at any time prior to the expiry of the Term subject to a 90 day interest penalty. The Convertible Debentures will be sold pursuant to exemptions from prospectus requirements to “accredited investors” in Canada and will not be listed on the CSE, however the Common Shares issuable upon conversion will be listed and may be subject to hold periods prescribed by regulation.
In connection with the proposed offering, Phoenix Corporate Finance Inc. was mandated to act as advisor to the Company and Meadowbank Asset Management Inc. as the exempt market dealer.
About Phoenix Corporate Finance Inc.
Phoenix Corporate Finance Inc. is an independently owned mid-market corporate finance firm which provides professional financing advisory and procurement services to business owners and project developers in Canada. The objective of Phoenix is to position its client companies for the optimum number of financing options beyond what is available from banks and other financial institutions. Phoenix specializes in providing alternative and private financing options for refinancings, financial restructurings, acquisitions, and project construction. For more information, contact one of our Corporate Finance Team experts at www.phoenixcorpfinance.ca
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties 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 (POS).
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.
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 cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
For more information on its products and on MOBI724 Global Solutions, visit www.mobi724globalsolutions.com.
- Published in Financial Technology, Mobi724 Global Solutions, News Home
Relevium Announces Private Placement by Maestro Capital
Relevium Announces Private Placement by Maestro Capital
– Momentum Public Relations –
Press Release: July 6, 2016
Relevium Technologies Inc. (TSX VENTURE:RLV)(FRANKFURT:6BX) in conjunction with Maestro Capital Inc. (TSX.P – “MCP”) is pleased to announce that the two parties have agreed to the terms of participation by Maestro in a non-brokered private placement offering (the “Private Placement”).
Pursuant to the agreed terms, Maestro will subscribe by way of subscription agreement for a minimum of 1,500,000 units (the “Units”) of Relevium at a per Unit price of $0.10 for gross proceeds of $150,000. Each unit will consist of one common share in the capital of Relevium (a “Relevium Share”) and one common share purchase warrant, each whole warrant (a “Warrant”) will entitle Maestro to purchase one common share in the capital of Relevium at a per share price of $0.15 for a period of 36 months from the date of closing of the Private Placement.
Completion of the proposed Transaction is subject to a number of conditions, including but not limited to, execution by the parties of a form of subscription agreement for the Private Placement, the receipt of all requisite corporate and regulatory approvals, shareholder and TSX approval. The Exchange’s acceptance of the Transaction will be conditional, among other things, on Maestro filing with the Exchange all documents in compliance with Exchange CPC Policy requirements. The proposed Transaction cannot close until the required approvals are obtained. There can be no assurance that the Transaction will be completed as proposed or at all.
Relevium also announced its intention to extend the private placement for a minimum of 5,000,000 Units and a maximum of 10,000,000 under the same terms, which may close in one or more tranches, for total gross proceeds of between $500,000 and $1,000,000. All securities issued by Relevium in connection with the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance of the securities in accordance with applicable securities legislation.
Leena Lakdawala, CEO of Relevium stated: “Management is very pleased with the vote of confidence received today from Maestro Capital and its constituents. We have every intention to follow through on our current initiatives and we look forward to welcoming all of Maestro’s shareholders into Relevium”
Relevium also announced its intention to extend the expiry date of the 10,015,466 share purchase warrants issued pursuant to the August 2015 private placement closed concurrently with the completion of its Qualifying Transaction as Ovid Capital. The expiry term of the share purchase warrants will be extended for an additional term of two years and will now expiry on August 18, 2018. The extension of the warrants is subject to the regulatory approval by the TSX.
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 Technologies Inc. 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, Technology
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