Sage Gold Inc. (SGX:tsxv) Signs Term Sheet for Financial Package of $11.5 Million
Sage Gold Inc. – Project and Equity Financing
– Momentum Public Relations –
Press Release: September 30, 2016
Sage Gold Inc. (the “Corporation“) (TSX VENTURE:SGX) is pleased to announce that it has executed a binding Term Sheet with Cartesian Royalty Holdings Pte Ltd. (“CRH”) to provide the Corporation with a financing package of C$11.5 million (the “Financing”) to fund the development and restart of the Corporation’s Clavos project (“Clavos”) situated in the Timmins mining camp in Ontario, Canada.
The financing package comprises a C$9.65 million secured gold prepayment investment (the “Gold Prepayment”) and a C$1.85 million equity investment (the “Equity Investment”).
Under the Equity Investment, CRH will invest C$1.85 million in exchange for units of the Corporation at a price of C$0.10 per unit. Each unit will consist of one common share and one common share purchase warrant, with each warrant exercisable for one common share at a price of Canadian 15.75 cents for a period of three years. The investment will be structured such that CRH will not at any time own more than 19.9{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the issued and outstanding common shares of the Corporation. CRH agreed to escrow up to 25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the common shares that it acquires for a term to be agreed by the parties. CRH will have a participation right in any future equity financings by the Corporation in order to maintain CRH’s equity position.
Under the terms of the Gold Prepayment, CRH will commit to providing the Corporation with C$9.65 million payable in two tranches. In consideration, the Corporation will agree to deliver to CRH 15.0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of gold produced at Clavos commencing on the later of (i) the beginning of Commercial Production and (ii) 12 months from the date of payment of the first tranche of the Gold Prepayment, but in all cases no later than December 27, 2017, for a period of 72 months of Commercial Production, subject to a minimum total delivery of 16,100 ounces of gold (“Minimum”) and a maximum of 26,000 ounces of gold (“Maximum”). In the event that the Minimum has not been delivered within 72 months of Commercial Production at Clavos, the delivery obligation will continue until the Minimum has been delivered to CRH. The obligations of the Corporation under the Gold Prepayment will be secured against all of the assets of the Corporation, including its interest in the Clavos project.
The completion of the Financing is subject to a number of conditions including satisfactory due diligence by CRH, regulatory approval, including the approval of the TSX Venture Exchange and preparation of definitive documentation. In addition, the Corporation is required to reach agreement to acquire the 40{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} joint venture interest in the Clavos project that it does not currently own and to arrange for the repayment of the Corporation’s existing secured credit facility. A portion of the proceeds of the equity investment is allocated to the acquisition of the joint venture interest.
Subject to satisfaction of the conditions precedent, the signing of the definitive agreement for the Gold Prepayment and the completion of the Equity Investment are scheduled to occur on October 27, 2016, with funding under the Gold Prepayment to occur by no later than November 11, 2016.
Nigel Lees, President and CEO of the Corporation stated, “We are very pleased to be entering into this transaction with CRH. The funds generated through the equity and streaming investments will allow the Corporation to reopen the Clavos mine, strengthen the Corporation’s balance sheet and provide ongoing working capital. Sage is preparing the necessary documentation to meet all regulatory requirements including filing with the Ministry of Northern Development and Mines a “Notice of Project Status” to change the status of the Clavos project from inactive to active. The change in status will allow the Corporation to produce up to 700 tonnes per day as defined in the Closure Plan and subsequent amendments. We are eager to dewater and rehabilitate the underground workings at Clavos in that it will allow the Corporation to begin defining the stope blocks and provide underground drill stations to test the down plunge extensions of the existing zones. We are in an environment of C$1700 plus gold prices which enhances the economics of the Clavos project.”
Peter Yu, Director of CRH stated, “Clavos is a unique high-grade project that is permitted for production and located in a premier Canadian mining jurisdiction. We are confident that Nigel Lees and the Sage team are the right group to lead the project back to successful production and unlock Clavos’ value.”
Highlights of the Clavos mine:
- New NI43-101 resource estimate completed in October 2012 includes Indicated mineral resources of 1,258,400 tonnes at 4.81 g/t Au totaling 194,600 ounces of gold and Inferred mineral resources of 796,000 tonnes at 4.7 g/t Au, representing 120,000 ounces. These resources are reported at a base case cut-off grade of 2.75 g/t Au and individual assays have been capped at 60 g/t.
- St. Andrew Goldfields (“SAS”) invested $35 million on the development of the Clavos deposit (SAS is now wholly owned by Kirkland Lake Gold).
- The existing infrastructure in place includes; underground ramp access to the 300 metre level, underground levels developed every 25 metres, power to site, surface ventilation system and water management system
- In preparation for definition and exploration drilling of the existing mine workings following the planned dewatering, Sage has successfully completed a 3D modeling exercise in Datamine which incorporates the entire Clavos database including all drilling, assaying, digitized lithological interpretations and the location of the underground workings. The assay data was differentiated between different lithological units and was decluttered to remove the distortion of higher drill densities in certain parts of the deposit. The purpose of this exercise was to analyze the correlation between gold concentrations, lithological host units and structural controls in the deposit.
The current plan of Sage is to complete a reserve estimate and a pre-feasibility study regarding the Clavos project. If a production decision is eventually made which is not based on a feasibility study of mineral reserves demonstrating economic and technical viability prepared in accordance with National Instrument 43-101, readers are cautioned that there is increased uncertainty and higher risk of economic and technical failure associated with such production decisions.
The scientific and technical disclosure in this press release has been reviewed and approved by Mr. Robert Ritchie, P.Eng., a consultant to the Corporation, who is a qualified person within the meaning of National Instrument 43-101.
CRH, which has its head office at 10 Changi Business Park Central 2, #05-01 HansaPoint, Singapore 486030, will be filing an early warning report in connection with the Equity Investment in accordance with applicable Canadian securities laws. The exact number of units to be acquired by CRH which have voting rights is not determinable on the date of this press release. However, as described above, such number will be equal to 19.99{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the issued and outstanding shares of the Corporation on the date of closing of the Equity Investment. CRH does not currently beneficially own, or exercise control or direction over, any securities of the Corporation. The total consideration to be paid by CRH under the Equity Investment is C$1.85 million. Such early warning report will be available under the Corporation’s SEDAR profile at www.sedar.com or by contacting Andrew Wehrley of CRH at (212)461-6363.
About Sage Gold Inc.
The Corporation 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, 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned, 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.
Klondike Silver Engages Investor Relations Individual
September 29, 2016 Vancouver, Canada Klondike Silver Corp. (the “Company”) (TSX.V: KS) has engaged Gordon James to provide investor relations services. Mr. James will focus on expanding the Company’s communications with investors. Under the terms of the contract, subject to regulatory approval, the Company will pay Mr. James $1,000 per month and reimburse pre-approved expenses. The contract term is for 24 months and may be cancelled by either party, after four months, by giving 30 days notice.
Mr. James currently holds 250,000 Company stock options previously issued for consulting services. “Mr. James will be a great help in expanding our audience as we move forward with our Slocan Silver Camp in southeastern British Columbia.” said Thomas Kennedy, CEO.
About Gordon James
Mr. James is an independent businessman living in British Columbia, Canada. He works raising investors’ awareness of publicly traded companies. He is primarily focused on the mining sector. About Klondike Silver Mr. Richard Hughes, Chairman of Klondike Silver’s Technical Advisory Board identified and initiated the purchase and staking of mineral claims in the Slocan Silver Camp commencing in approximately the year 2000. The Camp was fragmented among many owners throughout its history.
Klondike Silver’s land package has grown in size to over 100 square km, to become the largest land package in the area. The Slocan Mining camp is one of the few remaining under-explored mining camps in Canada. Klondike Silver has created the first real opportunity to invest and properly explore a sizeable portion of one of the most historic mining camps in British Columbia. For additional information please visit the company website www.klondikesilver.com.
CONTACT INFORMATION
Corporate Inquiries: Dale Dobson: (604) 682-2928 Email: dale.dobson@klondikesilver.com
On Behalf of the Board of Directors Klondike Silver Corp
Thomas Kennedy CEO
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
- Published in Klondike Silver Corp., Mining, News Home
Jet Gold closes $147,350 private placement
Jet Gold Corp. has closed a non-brokered private placement of 2,105,000 units at seven cents per unit for gross proceeds of $147,350. 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 months holding period from the closing date of the placement.
The company has paid Mackie Research Capital Corp. a finder’s fee of $1,344 and issued 19,200 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.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Deep South Resources Inc., Mining, News Home
Mobi724 Global Solutions (CSE:MOS) Announces Proposed $500K Secured Convertible Debt Financing
Mobi724 Global Solutions (CSE:MOS) Announces Proposed $500K Secured Convertible Debt Financing
– Momentum Public Relations –
Press Release: September 28, 2016
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 is pleased to announce that it has authorized and is currently seeking financing by way of issuance secured convertible debentures (“Convertible Debentures”) for maximum proceeds of $500,000.00. 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 18 months (the “Term”) bearing interest at a rate of 8 {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 at a conversion price of $0.15. The Company has the option to redeem the Convertible Debentures at any time prior to the expiry of the Term without 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.
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
AtmanCo Announces the Issuance of a $2.0 Million Convertible Debenture and an Update of the Acquisition of VoxTel
AtmanCo inc. (“AtmanCo” or the “Company”) (TSX VENTURE: ATW), a leader and innovator in web psychometric test solutions for the corporate market and the consumer market, announces today that it has agreed to issue a secure, convertible debenture in the principal amount of $2.0 million. The debenture will mature after 5 years, bear interest at an annual rate of 10.0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and is convertible into common shares of AtmanCo at a price of $0.085 per share the first year and at a price of $0.10 per share thereafter. The Company will also issue to the Lender a total of 5 million share purchase warrants expiring after 5 years, each giving the holder the right to acquire one common share of AtmanCo at a price of $0.10 after one year. The Lender also has the right to nominate a candidate for director on the Company’s board. The net proceeds will be used to finance the acquisition, announced on June 9, 2016, of the business operating under the name “VoxTel” as well as the Company’s commercialization efforts and general corporate purposes. The closing is expected to occur on or about September 30, 2016.
The Company also intends to complete an additional private placement of up to $2.5 million, including up to $0.5 million in units and up to $2.0 million as a convertible debenture. Each unit will consist of one common share at a price of $0.085 and one-half of one common share purchase warrant, each whole warrant giving the holder the right to subscribe for one common share at a price of $0.15 from a period of 2 years from the issuance date. The debenture will mature after 5 years, bear interest at an annual rate of 10.0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and be convertible into common shares of AtmanCo at a price of $0.085 per share the first year and at a price of $0.10 per share thereafter. The net proceeds will be used to finance the acquisition of VoxTel as well as the Company’s commercialization efforts and general corporate purposes.
Update on the Acquisition of VoxTel
The Company also announces that it has signed a revised letter of intent with respect to its acquisition of VoxTel. Under the revised letter of intent, AtmanCo will pay a total purchase price of $3.0 million, reduced from $3.4 million. Subject to certain adjustments, that price would be paid as follows: up to $1.65 million cash at closing, $0.6 million as a balance of sale payable over 5 years starting 6 months after closing, and the issuance at closing of a combination of common shares and subscription receipts convertible into common shares having an aggregate value of $0.75 million. The purchase price will be adjusted upon closing by an amount equal to the excess or shortfall of the total working capital of VoxTel and Informationtelcharge.com relative to a target of $0.2 million, and will also be reduced by the amount of any accounts receivable of VoxTel and Informationtelcharge.com that remain unpaid 90 days after closing. The closing of the transaction is expected to occur on or about October 15, 2016.
For the unaudited financial year ended December 31, 2015, VoxTel’s sales were $13.4 million, its total assets were $2.6 million, its total liabilities were $1.9 million, its total equity was $0.7 million and its net earnings were $0.6 million (after adjusting for nonrecurring charges relating to legal fees). In connection with its acquisition of VoxTel and for no additional consideration, AtmanCo will also acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the outstanding shares of Informationtelcharge.com Inc., which is a party to certain telecommunications contracts that are related to VoxTel’s business. For the unaudited financial year ended December 23, 2015, Informationtelcharge.com’s sales were $9,130, its total assets were $27,924, its total liabilities were $5,282 and its total equity was $22,642.
For more information on the acquisition of VoxTel, please see the Company’s press release dated June 9, 2016.
Forward-Looking Statements Disclaimer
Certain statements in this press release may be forward-looking. Such statements include those with respect to the closing of the acquisition of VoxTel (and Informationtelcharge.com), the Company’s ability to raise funds under the private placement and the use of the proceeds raised thereunder. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include the following: (i) All of the conditions for the transaction will be met. In particular, AtmanCo will complete a satisfactory due diligence on VoxTel’s operations, finances, legal condition, etc., (ii) AtmanCo and VoxTel’s shareholders will successfully negotiate and enter into a purchase agreement and other documents relating to the transaction, (iii) AtmanCo will successfully obtain the necessary regulatory approvals for the acquisition of VoxTel on commercially-acceptable terms, (iv) the acquisition of VoxTel will allow AtmanCo to achieve the anticipated synergies, in particular with respect to VoxTel’s clientele, products and geographic markets, (v) AtmanCo will be successful in its efforts to identify and secure subscribers under the private placement and (vi) AtmanCo’s management will not identify and pursue other business objectives using the proceeds of the private placement. Factors that could cause actual results to differ materially from expectations include (i) the discovery in the course of the due diligence of negative factors with respect to VoxTel that would prevent AtmanCo from proceeding with the acquisition, (ii) the failure of the negotiations between the parties with respect to the final documentation, (iii) the Company’s inability to achieve the anticipated synergies for any reason, including the refusal of VoxTel’s clients to refuse to acquire AtmanCo’s services or technical issues that prevent the integration of AtmanCo’s systems with those of VoxTel, (iv) the Company’s inability to secure subscribers under the private placement, (v) the Company’s inability to make effective use of the funds raised under the private placement, (vi) the Company’s inability to obtain the necessary regulatory approvals for the acquisition or the private placement, (vii) labour disputes or the materialization of similar risks, (viii) a deterioration in capital market conditions that prevents the Company from raising the funds it requires on a timely basis and (ix) generally, the Company’s inability to develop and implement a successful business plan for any reason.
A description of other risks affecting AtmanCo’s business and activities appears under the heading “Risks Factors and Uncertainty” on pages 9 and 10 of AtmanCo’s 2015 annual management’s discussion and analysis, which is available on SEDAR at www.sedar.com. No assurance can be given that any events anticipated by the forward-looking information in this press release will transpire or occur, or if any of them do so, what benefits that AtmanCo will derive therefrom. In particular, no assurance can be given as to the future financial performance of AtmanCo. AtmanCo disclaims any intention or obligation to update or revise any forward-looking statements in order to account for any new information or any other event, except as required under applicable law. The reader is warned against undue reliance on these forward-looking statements.
Additional information regarding the Company are available on SEDAR www.sedar.com
The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.
ABOUT ATMANCO
AtmanCo is the publisher of a scientifically validated psychometric test. Through the HR cloud platform or the application program interface (API), the results allow the companies to optimize the talents of their human capital by improving the recruiting and organizational development success rate. AtmanCo’s solutions also enable impacting the major consumer market by easily integrating them with our partners’ technological solutions.
Contacts:
AtmanCo inc.
Michel Guay
Founder, president and CEO
514.935.5959 ext. 301
mguay@atmanco.com
www.atmanco.com
AtmanCo inc.
Simon Bédard, CA, CPA, CFA, MBA
CFO
514.935.5959 ext. 304
sbedard@atmanco.com
© 2017 Canjex Publishing Ltd. All rights reserved.
Nouveau Monde Announces Results From Its Summer of 2016 Exploration Drilling Program, Including an Intersection of 88.4 m Grading 4.95 Cg, in its West Zone Tony Block – Matawinie Property, Quebec
Nouveau Monde (NOU:tsxv) Announces Results From Its Summer of 2016 Exploration Drilling Program, Including an Intersection of 88.4 m Grading 4.95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg, in its West Zone Tony Block – Matawinie Property, Quebec
– Momentum Public Relations –
Press Release: September 27, 2016
Nouveau Monde Mining Enterprises Inc. (“Nouveau Monde“) (TSX VENTURE:NOU)(OTC PINK:NMGRF)(FRANKFURT:NM9) is pleased to report results from its summer of 2016 drilling program located on the West Zone of the Tony claim block, part of its Matawinie graphite Property. The project is located in the Saint-Michel-des-Saints area, some 120 km north of Montreal, Québec, Canada. A Preliminary Economic Assessment (PEA), completed in accordance with the NI 43-101 guidelines, was completed for the Tony Claim Block earlier this year (see press release dated June 22, 2016).
The following files can be downloaded in support to the reading of the paragraphs below:
- Tony Block location map: http://nouveaumonde.ca/wp-content/uploads/PR_Tony_Block_20160922_EN.pdf
- West Zone location map: http://nouveaumonde.ca/wp-content/uploads/PR_West_Zone_20160922_EN.pdf
- Representative drill sections W+0300: http://nouveaumonde.ca/wp-content/uploads/Section_W2B0300_20160924.pdf
- Representative drill sections W+2100: http://nouveaumonde.ca/wp-content/uploads/Section_W2B2100_20160924.pdf
Drilling
The summer of 2016 drilling campaign consisted of 22 holes totaling 3,597 m. The operation resulted in the extension of the West mineralized zone, which now measures approximately 2.2 km in strike length. The dip of the mineralized horizons varies from sub vertical to around 75° towards the east. The mineralization remains open to the north, to the south and at depth. The mineralized intersections provided by the recent drilling program are presented in Table 1 below.
Table 1: Mineralized intersections provided by the 2016 summer drilling program
Drill Hole | Section | From (m) | To (m) | Mineralized Interval ({92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg)* |
TO-16-85 | W+0000 | 61.4 | 72.4 | 11 m @ 4.05{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0000 | 127.1 | 215.5 | 88.4 m @ 4.95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+0000 | 127.1 | 145 | 17.9 m @ 3.4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+0000 | 145 | 215.5 | 70.5 m @ 5.35{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-96 | W+0000 | 3.2 | 14.25 | 11.05 m @ 2.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0000 | 22.25 | 54.2 | 31.95 m @ 4.63{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-83 | W+0100 | 7 | 46.4 | 39.4 m @ 4.55{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
TO-16-82 | W+0200 | 52.15 | 72.5 | 20.35 m @ 4.06{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0200 | 142 | 209 | 67 m @ 4.63{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-84 | W+0200 | 22 | 70 | 48 m @ 4.94{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0200 | 80 | 92 | 12 m @ 4.58{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-80 | W+0300 | 63 | 74 | 11 m @ 3.37{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0300 | 158.4 | 245 | 86.6 m @ 3.99{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-81 | W+0300 | 11.1 | 46.9 | 35.8 m @ 3.71{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0300 | 52 | 80 | 28 m @ 4.05{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-78 | W+0400 | 60.05 | 86.3 | 26.25 m @ 2.99{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0400 | 109 | 139.3 | 30.3 m @ 2.37{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+0400 | 143.6 | 169 | 25.4 m @ 3.25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+0400 | 181 | 239.2 | 58.2 m @ 2.88{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-79 | W+0400 | 14.9 | 27.1 | 12.2 m @ 4.31{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0400 | 30.3 | 77.45 | 47.15 m @ 4.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-75 | W+0500 | 63.9 | 81 | 17.1 m @ 3.36{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0500 | 128.8 | 154 | 25.2 m @ 3.77{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+0500 | 173 | 203 | 30 m @ 3.77{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+0500 | 209 | 223.3 | 14.3 m @ 3.38{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-76 | W+0500 | 58.2 | 74 | 15.8 m 2 3.73{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0500 | 78 | 100 | 22 m @ 5.03{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+0500 | 104 | 121 | 17 m @ 3.79{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-86 | W+1700 | 34.2 | 73 | 38.8 m @ 4.02{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
TO-16-87 | W+1800 | 52.75 | 76.5 | 23.75 m @ 6.07{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+1800 | 79.8 | 90.2 | 10.4 m @ 4.41{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-88 | W+1800 | 78.15 | 99.65 | 21.5 m @ 5.02{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+1800 | 123.6 | 141 | 17.4 m @ 2.03{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+1800 | 141 | 218.25 | 77.25 m @ 4.7{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-89 | W+1900 | 56.93 | 91.6 | 34.67 m @ 5.14{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
TO-16-90 | W+2000 | 54.7 | 83.1 | 28.4 m @ 4.63{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
TO-16-91 | W+2000 | 52.6 | 63 | 10.4 m @ 2.24{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+2000 | 95.65 | 109 | 13.35 m @ 3.81{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+2000 | 131 | 180 | 49 m @ 4.18{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-92 | W+2100 | 96.8 | 107.9 | 11.1 m @ 3.48{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+2100 | 124.4 | 158.2 | 33.8 m @ 4.9{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+2100 | 166 | 178.7 | 12.7 m @ 5.02{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+2100 | 180.6 | 198.3 | 17.7 m @ 5.04{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-93 | W+2100 | 43.6 | 74 | 30.4 m @ 4.18{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
TO-16-94 | W+2200 | 70 | 96.05 | 26.05 m @ 4.49{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+2200 | 128.6 | 164.1 | 35.5 m @ 5.22{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-95 | W+2200 | 74.6 | 117.2 | 42.6 m @ 5.32{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
* Only mineralized intervals over 10 m in length are presented. Mineralized intervals do not represent true width. All samples were analyzed for graphitic carbon (Cg) at the ALS Minerals facilities in North Vancouver, B-C, using a LECO analyzer (ALS internal code C-IR18).
The core samples were generally 2 m in length and the core barrel was NQ size (47.6 mm). All the holes from sections W+0000 to W+1500 were more or less oriented N293° (perpendicular to the long axis of the zone), with a dip of 45°, while those from sections W+1700 to W+2200 were more or less oriented N313°, also with a dip of 45°.
To date, 49 core drill holes ranging in length from 36 m to 307 m were completed over the West Zone of the Tony claim block for a total of 8,169 m. The graphitic mineralization is mostly encased within paragneiss units. A second phase of definition drilling is scheduled to begin this fall on the West Zone. The objective is to upgrade the already identified mineral resource estimate by including the data gathered this summer to expand the resource and by transforming a large portion of the resource from the Inferred to the Indicated and/or Measured Category.
Quality Assurance – Quality Control
Bernard-Olivier Martel, P.Geo, supervised the 2016 drilling program. A strict protocol, including the insertion of duplicate and blank samples within the sample stream was adopted as part of a quality assurance and quality control (QA/QC) program. Graphite standards were also included within the borehole sampling protocol. Duplicate, blank and graphite standard sample results returned values within acceptable limits. Mr. Martel performed and supervised the preparation and sample submittal for the drilling program.
The mineralized drill core was split into quarters using a rock saw. The quarter core samples were then individually bagged and sent for analysis, and the remaining core was kept as a reference and for possible metallurgical testing. Samples were all analyzed for graphitic carbon (Cg) content by a LECO analyzer at the ALS Minerals laboratory in North Vancouver (B-C), Canada using their internal code; C-IR18. This laboratory is ISO 9001:2008 and ISO 17025 accredited.
The technical information in this news release was prepared by Bernard-Olivier Martel, drill program supervisor and reviewed by Antoine Cloutier, P. Geo and chief geologist for Nouveau Monde. Mr. Martel and Mr. Cloutier are both Qualified Persons under National Instrument 43-101.
- Published in Mining, News Home, Nouveau Monde Mining
Relevium Technologies (RLV:tsxv) Provides Corporate Update
Relevium Technologies (RLV:tsxv) Provides Corporate Update
– Momentum Public Relations –
Press Release: Sept. 27, 2016
Relevium Technologies Inc. (TSX VENTURE:RLV)(FRANKFURT:6BX) (the “Company” or “Relevium”) is pleased to provide the following corporate update on its ongoing activities.
UPDATE ON PRIVATE PLACEMENT
As announced on August 19, 2016, the Company closed a private placement and issued an aggregate of 5,058,000 units of the Company (the “Units”), at a price of $0.10 per Unit, for gross proceeds of $505,800 to the Company (the “Private Placement”). As previously announced, on July 6, 2016, a portion of the private placement representing 1,500,000 Units required the approval by the shareholders of Maestro Capital Corporation (the subscriber). The Company is pleased to confirm that the shareholders of Maestro approved the investment as at August 31, 2016. The TSX Venture Exchange is currently holding the subscription funds from Maestro and the corresponding units in trust pending receipt of final approval.
UPDATE ON BUSINESS ACTIVITIES
The Company is pleased to inform shareholders that it continues to pursue acquisition targets in the lucrative and largely fragmented wellness and wellness e-commerce industries. Management is currently engaged in discussions with several strategic acquisition targets in the spaces.
In the case of the most advanced target, the Company has retained the accounting firm Ernst & Young LLP in Montreal to start a financial and structuring due diligence process. At the current time there is no binding agreement between the Company and the aforementioned target.
The Company believes that pursuing a disciplined acquisition strategy is the best way to grow its business and create long-term value for shareholders.
Andre Godin, Chairman and Leena Lakdawala, CEO explained: “We want to make sure our shareholders develop a clear picture of the Company’s bricks and clicks strategy and overall direction. For this reason Relevium will be structured to operate two separate business units: Relevium Wellness, which will operate a network of innovative wellness clinics and Relevium E-tail, which will operate successful and profitable E-Commerce platforms.”
UPDATE ON LETTER OF INTENT
Pursuant to an announcement made on May 19, 2016 that stated that the Company had executed a letter of intent (the “LOI”) to acquire a controlling interest and progressively 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of a Montreal-based B2B distribution and D2C E-retail company. The Company announced today that due to lack of strategic fit, the parties are no longer pursuing the transaction and have mutually decided to terminate the LOI.
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.
- Published in Bio technology, News Home, Relevium Technologies, Technology
Rare metals expert predicts North American shortage of lithium for EVs
Rare metals expert predicts North American shortage of lithium for EVs
Andrew Topf – Mining.com
http://www.mining.com/rare-metals-expert-predicts-north-american-shortage-lithium-evs/
The amount of lithium being produced in North America will not be enough to meet the growing demand for electrical vehicles, but the problem could be alleviated through recycling, a renowned authority on specialty metals said in a recent teaser video for his upcoming presentation at the Mines and Money show in Toronto.
Jack Lifton, senior editor for InvestorIntel Corp. and a consultant, author, and lecturer on technology metals such as cobalt, lithium and graphite, says he is perplexed as to why, when lithium-ion batteries have reached end of life, more are not recycled instead of landfilled. According to an article written by Palladium Energy, the U.S. EPA considers lithium-ion batteries “safe” for disposal in contrast to nickel-cadmium and lead-based battery products.
“We don’t produce enough lithium, cobalt or spherical graphite in North America to make even a fraction of the vehicles Mr. Musk tells us he’s going to be making by 2018”
The article notes the low economic gains to be made from lithium battery recycling, with the scrap value of lithium at least one-tenth of the value of lead.
Another article by Waste Management World acknowledges that electrical vehicle-makers would like to re-use lithium from recycled batteries, but contends that:
[It] does not make any economic sense to recycle the batteries. Batteries contain only a small fraction of lithium carbonate as a percent of weight and are inexpensive compared to cobalt or nickel. The average lithium cost associated with Li-ion battery production is less than 3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the production cost. Intrinsic value for the Li-ion recycling business currently comes from the valuable metals such as cobalt and nickel that are more highly priced than lithium. Due to less demand for lithium and low prices, almost none of the lithium used in consumer batteries is completely recycled.
However according to Lifton, using more recycled lithium could help to alleviate what he believes is a growing continental shortage of lithium for electric vehicles:
“We don’t produce enough lithium, cobalt or spherical graphite in North America to make even a fraction of the vehicles Mr. Musk tells us he’s going to be making by 2018,” he says in the Skype interview. “I’ve got big news for everybody watching: There are at least 20 or 25 direct-electrically powered and hybrids coming onto the market in the next five or six years. They’re coming from Europe, the US, Japan, China and Korea.”
Lifton says many in the industry are aware of the problem, but “Nobody’s doing anything they’re just talking about it.” He says recycling the batteries would not only conserve the metal that goes into the batteries, but the energy that goes into producing the vehicles, in the same way that the steel industry uses recycled steel as an input because it takes less energy than iron ore and coal to produce steel.
About 70 percent of the world’s lithium deposits are concentrated in Argentina, Bolivia and Chile. The U.S. currently imports over 80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the lithium it uses.
Tesla officials on Thursday said the company’s Gigafactory under construction east of Las Vegas is expected to begin producing lithium-ion batteries late this year for the electric car maker’s Model 3, Las Vegas Review-Journal reported.
Japan and South Korea have both recorded record high levels of lithium-ion battery exports in H1 2016, as auto companies ramp up battery consumption to power new all-electric offerings, Benchmark Mineral Intelligence said a month ago. Lithium-ion battery shipments from Japan – the world’s leading producer – topped 33,500 tonnes in H1, up 17{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} from the second half of 2015 and over 31{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} year on year.
View Original: http://www.mining.com/rare-metals-expert-predicts-north-american-shortage-lithium-evs/
King’s Bay Gold Corporation Announces Management Changes
Vancouver, British columbia (FSCwire) – King’s Bay Gold Corporation (TSXv: KBG) (the “Company” or “King’s Bay”) announces the appointment of Kevin Bottomley as President & Chief Executive Officer (CEO) of the Company.
Kevin has spent the last 12 years with Zimtu Capital Corp. and Commerce Resources Corp. During that time Kevin has assisted in raising over 75 million dollars and has handled the corporate communications for the companies. Kevin has built and maintained strong business relationships in North America, Europe and Asia.
“I look forward to the opportunity to steward King’s Bay in a new direction. The overall markets have been challenging to say the least. There are clear signs of optimism now and Kings Bay will be well positioned to take advantage of this momentum.”
The Company has accepted the resignation of Dusan Berka as President and CEO of the Company. Mr. Berka will remain a director of the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
King’s Bay Gold Corporation
“Kevin Bottomley”
Kevin Bottomley
President & CEO
Tel: (604) 681-1568
This news release includes certain forward-looking statements concerning the future performance of King’s Bay Gold Corporation’s business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as “may”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. These forward-looking statements represent management’s best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company’s recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking statements and readers are cautioned against placing undue reliance thereon.
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/kingsbay09232016.pdf
Source: Kings Bay Gold Corporation (TSX Venture:KBG)
- Published in King's Bay, Mining, News Home