MOBI724 Global Solutions Inc.’s (CSE:MOS) Authorizes an Unsecured Convertible Debenture for New Proceeds of up to $1,500,000
MOBI724 Global Solutions Inc.’s (CSE:MOS) Authorizes an Unsecured Convertible Debenture for New Proceeds of up to $1,500,000
– Momentum Public Relations –
Press Release: August 31, 2016
MOBI724 Global Solutions Inc. (“MOBI724”) (CSE:MOS) announces that the Board of Directors have approved the terms of a financing according to which the Company would issue an unsecured convertible debenture (Convertible Debenture) for new proceeds of up to $1,500,000 to an existing institutional investor which is set to close on September 1st, 2016. The Board has also agreed with the institutional investor to cancel an existing Convertible Debenture and to roll over the capital and interest in the amount of $1,205,566.03 into a new convertible debenture to be added to the new proceeds of $1,500,000 for an aggregate total of $2,705,566.03. The Convertible Debenture will mature on June 30, 2018 (Maturity Date) and will accrue interest at a rate of 12{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per annum. The Convertible Debentures shall be convertible at a price of $0.35 per common share. The Convertible Debenture will be sold pursuant to exemptions from prospectus requirements to purchasers in Canada and will not be listed on the Canadian Securities Exchange (CSE). The common shares issuable upon conversion will be listed on the CSE and will be subject to a four month hold period from the date of closing. For more information, please consult the form 9 filed on the CSE website as required by CSE policies.
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 that works on any card and any mobile device. 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 Mobi724 Global Solutions, Mobile Technology, News Home, Technology
Jet Gold closes acquisition of 30 of Haib Minerals
Jet Gold Corp. has closed the acquisition and debt settlement previously announced on March 21, 2016.
Haib Copper 30-per-cent interest acquisition
Jet Gold has acquired 30 per cent of Haib Minerals Pty. Ltd. in exchange for 45 million common shares of Jet Gold issued to the shareholders of 1054137 B.C. Ltd (B.C.). B.C. holds 100 per cent of the share capital of Deep-South Mining Company (Pty.) Ltd., which holds 30 per cent of Haib Minerals. The remaining 70 per cent of Haib Minerals is held by Teck Namibia Ltd., a wholly owned subsidiary of Teck Resources Ltd. Haib Minerals holds the exclusive prospecting licence 3140 (EPL 3140), which hosts the large Haib copper project situated in the south of Namibia.
Debt settlement in shares and convertible debenture
Deep-South had a loan with Teck Namibia totalling approximately $889,117. The loan was contracted to cover past exploration expenditures. Jet Gold has settled the loan with Teck Namibia by the issuance of 8,333,333 of its common shares to Teck for a value of $500,000 and by the issuance of a convertible debenture to Teck Namibia for a value of $389,117. The debenture will bear interest on the outstanding principal amount at the London interbank offered rate plus 2 per cent per annum, payable with the principal at maturity. The debenture will have a maturity of 48 months and is payable in cash; however, it may be convertible into Jet Gold shares at the option of Teck Namibia at any time prior to maturity at a price of seven cents per Jet Gold share. Further to this transaction, Teck will hold 11.6 per cent of Jet Gold share capital and has become an insider of the company.
Private placement
The company has closed a non-brokered private placement of 5,358,571 units at seven cents per unit for gross proceeds of up to $375,100. Each unit consists of one common share and one-half common share purchase warrant of Jet Gold. Each full warrant will entitle the holder thereof, during a period of 24 months from the date of closing of the private placement, to purchase one Jet Gold common share at an exercise price of 17 cents per common share. Each security issued pursuant to the placement will have a mandatory four-month holding period from the closing date of the placement. The company has paid Mackie Research Capital Corp. a finder’s fee of $5,120 and issued 73,143 compensation warrants, and has paid Foster & Associates Financial Services Inc. $3,528 and issued to it 50,400 compensation warrants. The compensation warrants have the same terms and conditions as the warrants. Each security issued pursuant to the placements has a mandatory four-month hold period from the date of closing of the placements.
The shares of the company will resume trading on the TSX Venture Exchange on Wednesday, Aug. 31, 2016.
About the Haib copper project
The Haib project is a large copper-molybdenum porphyry deposit located in the Karas region of southern Namibia, eight kilometres from the Orange River and the South African border. The deposit, discovered in the 1950s, has seen over 50,000 metres of drilling in the 1970s by companies such as Rio Tinto and Falconbridge Ltd. Since 2010, Teck Namibia completed over 14,000 metres of drilling with results such as 121 metres at 0.5 per cent Cu, 494 m at 0.36 per cent Cu and 30 m at 0.81 per cent Cu. A report from Behre Dolbear, completed in 1996, has estimated the historical estimates at Haib in a range presented in the attached table.
HAIB HISTORICAL ESTIMATE -- BEHRE DOLBEAR/GSM Behre Dolbear's model Inverse distance Nearest GFM model Kriging squared neighbour Cut-off ({92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu) Mt Grade Mt Grade Mt Grade Mt Grade {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu 0.1 1,350 0.23 1,353 0.23 1,331 0.23 1,184 0.25 0.2 730 0.28 739 0.29 726 0.29 630 0.34 0.3 230 0.37 244 0.37 262 0.38 292 0.46
GFM and Behre Dolbear models used the kriging method as the basis for their estimate calculations. Kriging is a statistical estimation technique widely used for porphyry deposits. The other methods used by Behre Dolbear were used for validation of the estimates. The Behre Dolbear report was produced from a geostatistical block model completed in 1996 by Great Fitzroy Mineral (GFM). The historical estimate comprised principally the compilation and verification of all drill hole data, incorporating all available data to the end of the Rio Tinto Zinc program completed in 1975 and comprising over 50,000 metres of drilling.
The estimates of tonnages and grades quoted in this report were prepared prior to publication of National Instrument 43-101 in 2001 and are considered as historical estimates. The historical grades and resources terminology from the original historical reports are to be used only as a reference and should not be considered as a current mineral resource under NI 43-101, but are to be considered as historical estimates as per the NI 43-101 rules and policies.
P&E Walker Consultancy, hired to prepare a technical review of all the historical data and reports, acting as qualified person, has not completed sufficient work to classify the historical estimate as current mineral resource under NI 43-101. Jet Gold is not treating the historical resource as a current mineral resource under NI 43-101.
P&E Walker Consultancy has prepared a technical review of all the historical data and reports. The NI 43-101 qualification report will be filed on SEDAR and will be available on the SEDAR website.
Teck Namibia manages the exploration programs, and the main goal has been to better define and characterize the tonnage/grade distribution (for Cu and molybdenum) of the Haib deposit and to explore under cover for adjacent orebodies. The program goals for 2016 are to complete a new resource model and to review the key economic parameters for the project. Peter Walker, BSc (honours), MBA, PrSciNat, is the author of the NI 43-101 qualifying report and is responsible for the technical part of this press release, and is the designated qualified person under the terms of National Instrument 43-101.
Tim Fernback, chief executive officer of Jet Gold, stated: “We are delighted with this transaction. Haib is the largest known porphyry copper deposit in Africa situated in an ideal location adjacent to modern infrastructure and in one of the best mining countries in Africa. Teck has one of the best teams of porphyry exploration specialists in the world and also brings strong shareholder support to the company. Haib has substantial exploration potential and is a quality asset, which adds serious value for our shareholders.”
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Deep South Resources Inc., Mining, News Home
MOBI724 Global Solutions Inc.’s (CSE:MOS) Signs a Commercial Agreement with FiRe Advertainment to Provide its Mobile Coupons Platform for the Coca-Cola For Me Platform
MOBI724 Global Solutions Inc.’s (CSE:MOS) Subsidiary MOBI724 S.R.L. Signs a Commercial Agreement with FiRe Advertainment to Provide its Mobile Coupons Platform for the Coca-Cola For Me Platform
– Momentum Public Relations –
Press Release: August 20, 2016
Innovative mobile coupons solution with redemption at Point of Sale for the Coca-Cola For Me Platform
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing – MOBI724 S.R.L. an Argentine corporation, a wholly owned subsidiary of MOBI724 Global Solutions Inc., has signed a commercial agreement with FiRe Advertainment to implement, integrate, maintain and support MOBI724’s mobile coupons patent pending solution with redemption at Point of Sale for the Coca-Cola For Me Platform.
MOBI724’s innovative mobile patent pending couponing solution will allow the users of the Coca-Cola For Me mobile app, to redeem their rewards (bubbles) directly at the Points of Sale of participating retailers, in a seamless customer experience.
MOBI724 will also provide other solutions and services such as Data Analytics, BI & Reporting.
Marcel Vienneau CEO of MOBI724 stated “We are very excited to be able to provide our platform to manage and allow the mobile patent pending coupons’ redemption at Point of Sale, for the Coca-Cola For Me program members, alongside FiRe Advertainment, to leverage our state of the art mobile couponing & digital marketing platform.”
Santiago Vernengo Executive Director of FiRe Argentina said: “This project is very important to our Company and having MOBI724 as our partner is a guarantee that it will be a success.”
About FiRe Advertainment:
FiRe Advertainment is an independent Network that operates in 11 countries, specialized in the development and implementation of Brand Content solutions, Real Time Content and advertising, for a lot of prestigious brands and companies, among which Coca-Cola occupies the main place. The platform, Coca-Cola For Me, demanded two years of development and it is being implemented simultaneously in 4 countries of Latin America.
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 that works on any card and any mobile device. 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, Mobile Technology, News Home, Technology
Sage Gold Inc. (SGX:V) Increases Flow-Through Private Placement
Sage Gold Inc. (SGX:V) Increases Flow-Through Private Placement
– Momentum Public Relations –
Press Release: August 29, 2016
Sage Gold Inc. (the “Corporation”) (TSX VENTURE:SGX) is pleased to announce that following the Press Release of August 25, 2016, it intends to increase the previously announced non-brokered Private Placement from 3 million Units to 5 million Units (the “Offering”), subject to regulatory approval.
The Offering will consist of the sale of a total of approximately 5 million Units that include one common share of the Corporation issued on a flow through basis (“Flow – Through Share”) plus one half (1/2) of one Common Share purchase warrant (each whole warrant, a “Warrant”) for gross proceeds of Cdn$500,000.
The Offering price is $0.10 per Unit with each Warrant entitling its holder to purchase one Common Share (a “Warrant Share”) at an exercise price of $0.20 for a period of 24 months following the closing date, whereupon the Warrants will expire. Eligible finders may receive cash, shares or compensation warrants up to 10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Offering.
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 $0.30 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 twenty five per cent (25{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 to incur Canadian Exploration Expenses (CEE) on its Onaman and Clavos projects.
The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.
The Company is a mineral exploration and development company which has primary interests in near-term production and exploration properties in Ontario. Its main properties are the Clavos Gold property in Timmins and the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Lynx copper, gold, silver property and other exploration properties in the Beardmore-Geraldton Gold Camp. Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com and www.sagegoldinc.com
Equitas drills 13.5 m of 1.46 g/t Au at Cajueiro
Equitas Resources Corp. Reports Drilling Results from the Baldo Zone at the Cajueiro Project
– Momentum Public Relations –
Press Release: August 29, 2016
Equitas Resources Corp. (“Equitas” or the “Company”) (TSXV: EQT) (US: EQTRF) (Frankfurt: T6UN) announces numerous mineralized intercepts from the recent drilling program at the Baldo Zone (“Baldo”) of its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}-owned Cajueiro Gold Project (“Cajueiro”) in Central Brazil.
Major Highlights Include:
- Assay results identify 33 intersections of gold mineralization in saprolite and bedrock, ranging from 0.95 g/t Au to 4.07 g/t Au;
- Combined with results from the previously announced trenching program, a 300m strike-length of gold mineralization (“Zona Dois” target) has been identified as first priority for detailed trenching and drilling;
- Mineralized samples are being sent for Screen Fire Assay to check for the presence of coarse gold;
- Plans are being made for exploration of three other significant target areas at Baldo where previous work has detected highly anomalous gold grades in saprolite, up to 118.47 g/t Au;
- A structural re-interpretation at Crente Zone (“Crente”) has been drill-tested, results are expected shortly;
- A revised NI 43-101 Report on resources will be issued once all results from the 2016 exploration program have been received and incorporated into the model.
“The Cajueiro drilling and trenching programme has achieved all our strategic objectives: (i) commencing the conversion to a full mining licence at Baldo, (ii) identifying a base of material to be processed through our proposed initial CIL plant, and (iii) highlighting further structures to be investigated and trenched over the coming 6 months to continue to build our resource” said Chris Harris (President & CEO, Equitas).
To view the graphic in its original size, please click here
Figure 1: Baldo Target at Cajueiro Property
Baldo Exploration Program
The recently completed exploration program was designed as a follow-up to encouraging historic surface sampling and drill results northwest of the current Inferred Resources footprint at Baldo, along a previously interpreted structure (Chapleau mapping, 2012) extending northeast from the old Baldo garimpeiro (artisanal mining) pit. These results include 24.83m grading 1.73 g/t Au (bedrock sulphide in BH CJO_055), and two circa 1 tonne composite samples of saprolite oxide grading 5.77 g/t Au (RR1BDO) and 87.20 g/t Au (RCF1BDO).
This exploration program was also designed to provide the necessary data coverage required to deliver an exploration report to Departmento Nacional de Producao Brazil (DNPM), part of the process of converting our bulk sampling license (in Portuguese – “GUIA” or Guia de Utilizacion) 850224/2009 (9558.59 ha) into a full mining license.
Thirty-seven HQ diamond drill holes totaling 1756m were completed by Layne Do Brasil Sondagens Ltda. Borehole trajectories were recorded with Maxi-Bor. All core was logged and processed at site. All core was sawn, and half-core samples were submitted to SGS GEOSOL in Vespasiano, Minas Gerais State, Brazil for fire assay. A total of 1579 core samples were submitted for gold assay.
Assays from the program identified 33 separate intervals of mineralization ranging between 0.95 g/t Au and 4.07 g/t Au. Mineralized intervals from the drilling and trenching program are being sent for Screen Fire Assay to test for the presence of coarse gold. The Fire Assay results from the drilling are tabulated below:
BHID | From (m) | To (m) | Interval (m) | Au grade (g/t) | Domain |
CJO-0057 | 6.20 | 12.00 | 5.80 | 1.19 | Saprolite Oxide |
CJO-0057 | 17.00 | 19.30 | 2.30 | 1.04 | Saprolite Oxide |
CJO-0057 | 23.00 | 24.00 | 1.00 | 0.99 | Oxide\Sulphide transition |
CJO-0057 | 25.00 | 26.00 | 1.00 | 1.07 | Oxide\Sulphide transition |
CJO-0057 | 43.30 | 44.15 | 0.85 | 1.18 | Bedrock Sulphide |
CJO-0058 | 7.50 | 9.00 | 1.50 | 1.00 | Saprolite Oxide |
CJO-0058 | 27.00 | 30.00 | 3.00 | 2.00 | Oxide\Sulphide transition |
CJO-0059 | 59.35 | 61.70 | 2.35 | 1.67 | Oxide\Sulphide transition |
CJO-0059 | 72.40 | 76.00 | 3.60 | 1.14 | Oxide\Sulphide transition |
CJO-0059 | 81.00 | 85.15 | 4.15 | 0.96 | Oxide\Sulphide transition |
CJO-0060 | 15.00 | 16.00 | 1.00 | 1.34 | Saprolite Oxide |
CJO-0060 | 19.00 | 22.00 | 3.00 | 1.11 | Oxide\Sulphide transition |
CJO-0061 | 21.40 | 23.00 | 1.60 | 1.01 | Bedrock Sulphide |
CJO-0062 | 30.00 | 31.00 | 1.00 | 1.04 | Bedrock Sulphide |
CJO-0062 | 43.00 | 44.00 | 1.00 | 1.10 | Bedrock Sulphide |
CJO-0062 | 56.70 | 57.80 | 1.10 | 0.95 | Bedrock Sulphide |
CJO-0063 | 1.00 | 9.20 | 8.20 | 1.19 | Saprolite Oxide |
CJO-0064 | 10.00 | 20.00 | 10.00 | 1.21 | Saprolite Oxide |
CJO-0065 | 18.00 | 19.00 | 1.00 | 1.27 | Saprolite Oxide |
CJO-0065 | 22.00 | 25.00 | 3.00 | 1.15 | Oxide\Sulphide transition |
CJO-0068 | 24.40 | 26.00 | 1.60 | 4.07 | Bedrock Sulphide |
CJO-0069 | 6.00 | 6.80 | 0.80 | 2.44 | Saprolite Oxide |
CJO-0073 | 6.00 | 7.00 | 1.00 | 1.18 | Saprolite Oxide |
CJO-0077 | 14.20 | 27.70 | 13.50 | 1.46 | Saprolite Oxide / Oxide\Sulphide transition |
CJO-0078 | 18.30 | 20.30 | 2.00 | 1.59 | Oxide\Sulphide transition |
CJO-0072 | 36.50 | 41.00 | 4.50 | 1.32 | Bedrock Sulphide |
CJO-0080 | 48.00 | 55.00 | 7.00 | 1.13 | Bedrock Sulphide |
CJO-0082 | 17.20 | 18.00 | 0.80 | 1.08 | Oxide\Sulphide transition |
CJO-0089 | 10.50 | 15.00 | 4.50 | 1.95 | Oxide\Sulphide transition |
CJO-0090 | 9.00 | 11.50 | 2.50 | 3.67 | Saprolite Oxide |
CJO-0091 | 8.70 | 11.60 | 2.90 | 1.57 | Saprolite Oxide |
CJO-0092 | 15.00 | 16.00 | 1.00 | 1.61 | Oxide\Sulphide transition |
CJO-0093 | 37.00 | 39.20 | 2.20 | 1.78 | Bedrock Sulphide |
Table 1: Borehole Intervals Greater than 0.94 g/t Gold
To view the graphic in its original size, please click here
Figure 2: Plan View of Mineralized Drill and Trench Intersections
Zona Dois Target at Baldo
Results of the trenching and drilling program indicate that the gold mineralization occurring along a 300m NNE between boreholes CJO_0093 and CJO_0073 is host to better gold enrichment than elsewhere in the current exploration area. This apparent enrichment is coincident with an increase in observed structural complexity. In particular our current structural observations indicate that an E-W fabric may be a controller of the higher gold grades. Zona Dois is first priority for advanced evaluation including focused trenching and drilling.
Historic mapping and sampling at Baldo has identified three priority areas for further exploration. Assay values from surface sampling have yielded results of up to 118.47 g/t Au. Only one drill hole to date has tested the very edge of one of these areas of interest. A program of focused mapping, trenching and auger drilling is being developed to efficiently evaluate the potential for discovery of additional saprolite oxide resource in these areas. Geophysical methods including Induce Polarization (IP) and magnetics are being considered as a means to identify prospective bedrock structural signatures.
To view the graphic in its original size, please click here
Figure 3: Current Exploration, Inferred Resources Footprints and Priority Exploration Target Areas
Crente Drilling and Modeling Initiatives
After conclusion of the Baldo drilling, two additional holes (CJO_094 and CJO_095) totaling 252m were drilled below the old garimpeiro pit at Crente, to test a new structural interpretation that suggests a significant steeply dipping mineralized trend intersected by historic borehole CJO_019-10 (31m @ 2.37 g/t Au, including 9.4m @ 4.15 g/t Au) remains untested. Results are expected in mid-September.
An engineering firm is being engaged to review the economic potential of the near-surface environment at Crente. Results from the recent drilling will be a critical part of a decision on whether to pursue advanced exploration for previously unrecognized deeper mineralized structures.
To view the graphic in its original size, please click here
Figure 4: Crente Vertical Longitudinal Section, with Historic Borehole Length-Weighted Intervals, and Pierce Points of CJO_094 and CJO_095 (assays pending)
Quality Assurance\Quality Control (QA\QC) and Analytical Method
All sample batches include 5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} QA\QC samples consisting of blanks, standards and duplicates or twins, submitted to SGS GEOSOL in Vespasiano, Minas Gerais State, Brazil. Analysis is performed by fire assay with 50g fusion and Atomic Absorption Spectroscopy.
Cajueiro Project
The Cajueiro Project is located in Central Brazil within Mato Grosso and Para states. The project encompasses 39,053 hectares and is located 95 kilometers north of the city of Alta Floresta.
The NI 43-101 Technical Report on Resources (Gustavson, 2016) for Cajueiro documents an Indicated Mineral Resource of 8.636 million tonnes containing 214,100 ounces of gold at 0.771 g/t (sulphide bedrock domain); an Inferred Mineral Resource of 9.526 million tonnes containing 203,500 ounces of gold at 0.664 g/t (sulphide bedrock domain), and an Inferred Mineral Resource of 1.374 million tonnes containing 78,400 ounces of gold at 1.775 g/t (oxide saprolite domain).
The current exploration program has added information to a portion of the Inferred Resources at Baldo, and the Indicated Resources (sulphide) at Crente. An updated NI 43-101 Resource Estimate will be completed after all of the results from the 2016 exploration program have been received and incorporated into the model.
NI 43-101 Disclosure
Everett Makela, P. Geo., VP Exploration for Equitas Resources Corp., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
For more information on Equitas Resources Corp., please contact Sean Kingsley, Corporate Communications at 604-681-1568 or skingsley@equitasresources.com.
Here’s what Canada needs to regain leadership in mineral exploration and mining
Here’s what Canada needs to regain leadership in mineral exploration and mining
MINING.com
http://www.mining.com/web/heres-what-canada-needs-to-regain-leadership-in-mineral-exploration-and-mining/
Canada’s mineral exploration and mining industry is asking Energy and Mines Ministers, currently in Winnipeg for their 73rd annual conference, to work on tackling several challenges that have resulted in Canada dropping to second place behind Australia as the most desirable mining destination in the world.
Prospectors & Developers Association of Canada (PDAC) President Bob Schafer said that as the downturn was still being felt by the mineral exploration and mining industry, action was required to ensure Canadians are able to capitalize on the great opportunities that lie ahead.
Restoring Canada’s status as the top exploration and mining jurisdiction in the world will require concerted and sustained effort by all jurisdictions, experts say.
“We will work with all jurisdictions and the Federal Government to ensure that Canada’s reputation and attractiveness as the premier location for global mineral investment is regained. In doing so, the substantial social and economic benefits—to all Canadians—that accompany these investments will be enjoyed,” Schafer said.
“The mining sector’s ability to continue its role as a powerful economic driver and top employer in regions across the country is in large part dependent on the decisions made by Canadians governments,” noted Mining Association of Canada (MAC) President and CEO, Pierre Gratton.
“There are incredible opportunities to achieve shared goals when it comes to socio-economic development, innovation, protecting the environment and solidifying Canada’s leadership in mining—let’s work together to seize them,” Gratton said.
A brief submitted by the Canadian Mineral Industry Federation (CMIF) details seven policy priorities that will help the industry overcome current challenges:
1. Financing for early-stage exploration: CMIF asks that all jurisdictions in Canada maintain and enhance fiscal incentives. In particular, the Ministers are asked to support the renewal of the Mineral Exploration Tax Credit (METC) and to sustain the flow-through shares system. These measures have helped Canada attract billions of dollars in investment and led to the creation of thousands of jobs in remote areas of the country.
2. Regulatory environment: The Ministers should ensure that the recently announced federal review results in an effective regulatory process that the public has confidence in, and that improves the competitiveness of the industry and attracts much-needed mineral investment to Canada. Federal-provincial coordination in this area is critical and provinces are strongly encouraged to participate fully in the review.
3. Aboriginal affairs: CMIF recommends that governments support efforts to enhance the participation of Aboriginal peoples in the industry through investments in health, education and skills-training, and government benefits and resource revenue sharing. CMIF also recommends that governments examine and address challenges related to how they are implementing the duty to consult.
4. Address the costs of operating in remote and northern Canada: CMIF recommends the creation of a northern infrastructure fund within the proposed Canada Infrastructure Bank, and strategic fiscal incentives to help offset the high costs of exploring and operating in remote parts of Canada.
5. Climate change, clean technology and innovation: The Federal Government should invest $50 million over five years in the Canada Mining Innovation Council’s Towards Zero Waste Mining strategy to achieve mutual goals of reducing GHG emissions and environmental impacts, and to support the transition to a lower-carbon future.
6. Land withdrawals: Removal of highly-prospective areas is reducing the attractiveness of Canada as an exploration destination. CMIF is calling on all jurisdictions to ensure that mineral potential is factored into all land withdrawal decision-making processes.
7. Strengthening Energy and Mines Ministers’ Conference: CMIF encourages Mines Ministers to undertake a study to understand how similar meetings are used as a means to drive improvements in government and industry performance.
Restoring Canada’s status as the top exploration and mining jurisdiction in the world will require concerted and sustained effort by all jurisdictions. CMIF looks forward to working in partnership with governments, industry, communities and Aboriginal partners to support a sustainable and competitive Canadian exploration and mining sector.
View Original: http://www.mining.com/web/heres-what-canada-needs-to-regain-leadership-in-mineral-exploration-and-mining/
Sage Gold Inc. (SGX:V) Announces Non-Brokered Private Placement
Sage Gold Inc. (SGX:V) Announces Non-Brokered Private Placement
– Momentum Public Relations –
Press Release: August 25, 2016
Sage Gold Inc. (the “Corporation”) (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 3 million Units that include one common share of the Corporation issued on a flow through basis (“Flow – Through Share”) plus one half (1/2) of one Common Share purchase warrant (each whole warrant, a “Warrant”) for gross proceeds of Cdn$300,000.
The Offering price is $0.10 per Unit with each Warrant entitling its holder to purchase one Common Share (a “Warrant Share”) at an exercise price of $0.20 for a period of 24 months following the closing date, whereupon the Warrants will expire. Eligible finders may receive cash or compensation warrants up to 10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Offering.
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 $0.30 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 fifty per cent (50{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 to incur Canadian Exploration Expenses (CEE) on its Onaman and Clavos projects.
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.
About Sage Gold
The Company is a mineral exploration and development company which has primary interests in near-term production and exploration properties in Ontario. Its main properties are the Clavos Gold property in Timmins and the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Lynx copper, gold, silver property and other exploration properties in the Beardmore-Geraldton Gold Camp. Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com and www.sagegoldinc.com.
US$60 Million Financing Commitment for 1,000 IWS Systems in California
US$60 Million Financing Commitment for 1,000 IWS Systems in California
– Momentum Public Relations –
Press Release: August 25, 2016
International Wastewater Systems Inc. (“IWS” or the “Company”) (CSE:IWS)(FRANKFURT:IWI)(OTC PINK:INTWF) is pleased to announce a joint venture (“Joint Venture”) with RENEW Energy Partners LLC (“RENEW“) for the financing and installation of IWS’s world-leading thermal heat recovery equipment in the United States. The Joint Venture will initially build projects in California for which RENEW is committing funding of US$60 million over five years, for the purpose of funding capital expenditures for one thousand (1,000) PIRANHA thermal heat recovery systems (“PIRANHA“) to be built, installed and operated exclusively by IWS.
Background
RENEW is engaged in developing and funding energy and water efficiency retrofits and on-site clean energy projects through the use of innovative structures such as an Energy Services Agreement (ESA) or Power Purchase Agreement (PPA). Combining RENEW’s project finance expertise with IWS’s capabilities in the manufacturing, installation and servicing of thermal heat recovery equipment, enables the Joint Venture to offer a full suite of services for energy and water conservation projects and on-site clean energy projects. The Joint Venture aims to expand the implementation of energy efficiency and on-site clean energy projects throughout the United States.
The Joint Venture will fund and deploy IWS’s PIRANHA system, a self-contained heat pump that extracts thermal energy from wastewater for hot water production. The PIRANHA has been optimized for residential buildings with 50-200 units as well as stand-alone commercial applications, and was the recipient of the 2016 AHR Expo® Innovation Award for Green Building Innovation. The AHR Expo® is the world’s largest HVACR (Heating, Ventilating, Air Conditioning and Refrigeration) convention (see news release: http://goo.gl/ACsOZp).
Stephen Pritchard, principal and co-founder of RENEW said: “The combination of IWS’s expertise in the design, manufacture and operation of thermal heat recovery equipment, and RENEW’s project funding, deal structuring and project development expertise offers a new carbon reduction strategy for almost any building in the U.S. We view IWS as a world leader in the thermal energy recovery space, and are pleased to partner with them to accelerate the ‘turn-key’ deployment of their exciting PIRANHA technology in California – and the rest of the country. IWS and RENEW see exponential growth ahead with the commensurate benefit to the building owners and to the planet.”
Joint Venture – Scope and Schedule
The Joint Venture will finance, build, install and operate 1,000 PIRANHA systems, initially in the state of California and later extending to the rest of the U.S. RENEW will provide funding of US$60 million to fund the deployment of the PIRANHA systems over a period of five years (“US$60 MILLION PROGRAM“).
The purpose of the US$60 MILLION PROGRAM is to provide capital to fund turnkey installation and on-going operations and maintenance of PIRANHA systems for qualified residential and commercial buildings under a standardized Thermal Energy Purchase Agreement (“TEPA“) developed by RENEW. Under the terms of the TEPA, customers will enter into long-term supply agreements for low-cost, efficient energy, with no capital investment.
The proposed schedule for the deployment of 1,000 PIRANHA systems in California in the next 5 years is estimated as follows:
- Approx. 50 PIRANHA Systems in the first 12 months of the US$60 MILLION PROGRAM;
- Approx. 120 PIRANHA Systems in the second 12 months of the US$60 MILLION PROGRAM;
- Approx. 240 PIRANHA Systems in the third 12 months of the US$60 MILLION PROGRAM;
- Approx. 300 PIRANHA Systems per year thereafter.
IWS and RENEW will establish a special purpose vehicle (“SPV“) to own the individual PIRANHA projects financed by the US$60 MILLION PROGRAM. The SPV will sign a master agreement with IWS for the exclusive design, build and commissioning of PIRANHA systems and for the operation and maintenance services throughout the life of the systems.
The SPV will be the investing and operating entity for the Joint Venture. RENEW and IWS will jointly participate in the project returns from energy sales through cash flow distributions from the SPV, with the related terms of distribution to be included in a definitive agreement between IWS and RENEW.
Charles Lord, principal and co-founder of RENEW said: “Waiting to implement energy-efficiency projects costs building owners money and wastes precious time in the fight against climate change. So the pivotal question is – why delay? With the PIRANHA Thermal Energy Purchase Agreement, we will deliver building owners lower energy costs with no capital investment and immediate lasting carbon reductions.” “Energy efficiency is one of the great weapons at our disposal to slow global warming. It is imperative that we put it to use immediately, and at scale, to limit the most dramatic effects of global climate change. RENEW is thrilled to be partnering with IWS on a ‘RENEW It Now’ funding program to drive the rapid deployment of IWS’s thermal energy recovery systems throughout California – and ultimately the entire United States.”
Lynn Mueller, CEO of IWS commented: “IWS is privileged to work with RENEW and its Principals; their expertise in the financing of alternative energy projects, and their access to capital, provides IWS with a strong platform to roll out IWS systems in the U.S. market. IWS will earn revenue from the design, build and commissioning of PIRANHA systems as well as recurring revenues for the on-going operation and maintenance services throughout the life of the systems. In addition to these revenue streams, IWS will receive long-term income from its share of cash flow distributions from energy sales.”
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.
About RENEW Energy Partners LLC
Renew Energy Partners’ management team offers deep expertise in deep energy retrofit analysis and optimization, energy efficiency programs, project management and implementation, and energy finance solutions. We combine our experience with the expertise of a network of best-in-class energy service partners to assess, design, install, and maintain energy efficient systems.
- Published in Business, Energy, Green Technology, International Wastewater Systems, News Home
Ontario will spend up to $8.3B to fight climate change, offer incentives
International Wastewater Systems Ltd. (IWS: CSE) has developed a technology for recovering wastewater heat and convert it into energy. This Canadian based company is now installing its different systems all over the world and as of now have an order book of more than $80 million. As people around the world are experiencing the increasing consequences caused by climate change, alternative energy sources are becoming more than a trend across the world but rather a necessity for a healthier future. Recently, the city of Vancouver has committed to generate 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of its energy from renewable sources before 2050 and will work with IWS to reduce the demand for new energy and in turn reduce carbon emissions. IWS’ SHARC system reduce CO2 and GHG emissions while providing energy savings and primary energy cost reduction of 30-85{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. This considerable reduction in cost could be highly advantageous for multi-unit residential, commercial buildings and district energy systems. With Ontario recently announcing an $8.3$ billion climate change plan with initiatives that include a focus on encouraging building to switch to more energy-efficient heating systems, IWS can expect a surge in the demand of its products.
– Momentum Public Relations –
Ontario will spend up to $8.3B to fight climate change, offer incentives
Keith Leslie – The Canadian Press
Ontario’s action plan on climate change will include financial incentives to get cleaner, more efficient cars and trucks
on the roads and to convince homeowners and businesses to lower their carbon footprints, The Canadian Press has learned.
The plan, scheduled to be released on Wednesday, calls for government spending of $5.9 billion to $8.3 billion on climate change initiatives over the next five years.
The money would come from the $1.9 billion the Liberal government expects to raise each year by auctioning off pollution emission credits when Ontario joins a cap-and-trade market with Quebec and California next January.
Environment and Climate Change Minister Glen Murray said Tuesday that the government’s plan will add about $5 a month to home heating bills and 4.3 cents a litre to the price of gasoline.
The province opted not to impose a zero-emissions vehicle mandate, which means it won’t impose penalties on automakers that don’t produce enough electric and hybrid cars.
Instead, Ontario will continue to offer rebates of up to $14,000 for electric vehicles, including up to $1,000 for installing a home charging station, and will provide free overnight charging for residential customers for four years, starting in 2017.
“The final release of the document will give you a sense of how invested we are in making those cars very cost competitive, and equal to or lower than conventional technology (cars) at the point of sale,” said Murray.
“There’s a whole bunch of popularly priced vehicles right now, and we’ll be doing some things to make fuelling them inexpensive as well.
Read more at: http://www.cbc.ca/news/canada/toronto/ontario-will-spend-up-to-8-3b-to-fight-climate-change-offer-incentives-1.3620924
Further information on International Wastewater Systems and its products can be accessed through the link below:
- Published in Blog, Green Technology, Technology
Chinese ban may breathe new life into zinc price rally
Chinese ban may breathe new life into zinc price rally
Frik Els – mining.com
http://www.mining.com/chinese-ban-may-breathe-new-life-into-zinc-price-rally/
Zinc is the best performing base metal so far this year and measured from its multi-year low struck mid-January the zinc prize is up 54{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}.
Zinc’s prospects brightened considerably after the shutdown of two major mines last year – Australia’s Century and the Lisheen mine in Ireland. The two mines had a combined output of more than 630,000.
Top zinc producer Glencore has been out in front when it comes to curtailing production to shore up prices and the Swiss giants’ announcement of cutbacks inspired another leg up in the price. The Swiss giant’s first half production numbers released last week showed a 31{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} output decline to 506,000 tonnes after the company idled mines in Peru and downscaled its Australia operations.
Now China, top consumer and producer of the metal mainly used to galvanize steel, could add fuel to the fire after news that Beijing has ordered the shutdown of all lead and zinc mines in parts of Hunan province, the centre of Chinese production.
The local government shut down the power to 26 zinc and lead mines in the area due to safety and environmental concerns. The ban will be in place until June next year reports Platts News:
China is forecast to have a mined zinc deficit of 390,000 mt in 2016, widening from a deficit of 9,000 mt a year ago, state-owned Chinese metals consultancy Beijing Antaike said in its zinc sector report issued in end-June.
China has been increasing imports due to dwindling domestic supply – imports rose 48{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to 292,000 tonnes in the six months to June from a year ago according to customs data. Reuters reports falling stocks and predictions of a 221,000 tonne market deficit are also lifting sentiment:
Key to market psychology has been the concentrate market, which has tightened to the extent that treatment charges, fees paid by miners to smelters to process raw material into metal have tumbled towards $100 a tonne from above $200 in April 2015.
Speculation has now turned to whether producers would bring mines back into production. In the half year report Glencore kept full year guidance on zinc production steady at lower levels.
A table tucked away in the report gave an indication why. Despite zinc’s huge run-up this year the average price in the first half is still 16{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} below the same period last year. Glencore may be looking for further evidence zinc has entered a new boom phase before switching on its considerable capacity.
View Original: http://www.mining.com/chinese-ban-may-breathe-new-life-into-zinc-price-rally/