The Holy Grail of Skin Whitening Products – Expert Panel Discussion with Sirona Biochem
Sirona Biochem – The Holy Grail of Skin Whitening Products
– Momentum Public Relations –
September 22, 2016
Sirona Biochem (SBM:tsxv) is a proactive development and discovery stage based biotech firm with an R&D lab situated in Paris, France. The biotechnology enterprise is headquartered in Vancouver, British Columbia in Canada, and is world renowned for its state of the art fluorination chemistry technology. Their cutting edge platform is currently used to create cosmetic products that are both safe and effective for human use and consumption, as well as a plethora of pharmaceutical drugs.
Moreover, their leading edge compounds are either acquired by or licensed by multinational conglomerates in return for royalties, milestone payments, and/or marked upfront payments. It should also be noted that their platform focuses on the molecular stabilization of carbohydrates; which is noteworthy because carbohydrate based drugs are one of the most commonly prescribed drug families in the United States.
Notably, Sirona is currently working on what would be a company changing deal to license their newest compound, ‘Skin Lightener SBM-TFC-1067’. Globally, there is a growing trend for lighter skin in many parts of the world. Approximately 15{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the world population invests in skin lightening products and the global market is expected to reach US$23 billion by 2020. Below is an excerpt from a recent CEO update explaining how they have a product that has garnered them serious interest from some of the world’s largest cosmetic / pharmaceutical companies.
Skin Lightener SBM-TFC-1067
SBM-TFC-1067 continues to attract the interest of global cosmetic companies, a list which continues to grow. A number of these companies completed material transfer agreements allowing them to test the compound in their facilities. We successfully scaled-up and produced over 1 kg of compound. In parallel, we completed independent testing in a 3D melanocyte model that mimics human skin. The results showed a strong skin lightener at low dosing without signs of toxicity. As this model is used by our potential partners to assess compounds, the study was key to obtaining independent results and improving our negotiating position. (view full CEO Update)
In addition, Sirona Biochem currently has two licensing agreements with two multi-billion dollar companies; namely Valeant Pharmaceuticals International (VRX:tsx) and Wanbang Biopharma.
The Annual General Meeting (AGM) was held yesterday in Vancouver, BC. Investors were clearly happy with what they heard. The stock price traded up on good volume. Management was very enthusiastic and are confident in their negotiations to secure a licensing deal with a global corporation for the Skin Lightening compound. For understandable reasons Management could not disclose details of their private discussions with the interested purchaser(s), however, the general consensus with investors is that Sirona (SBM:tsxv) is a Buy or at least a very enthusiastic hold.
The video below which was recently released will give you an in-depth look at this market and Sirona’s role in it. Spoiler Alert: First Berlin analyst Ellis Acklin explains their current price target of 98 cents for SBM. That’s a price target that excludes the potential SBM-TFC-1067 licensing deal. Keep in mind that as of today Sirona is only trading at 20 cents CND.
The Holy Grail of Skin Whitening Products – Expert Panel Discussion with Sirona Biochem
This message does not constitute investment advice. Momentum PR provides this material for convenience and information purposes only.
- Published in Bio technology, Blog, Sirona Biochem
Puma Samples (PUM:tsxv) 15.1 Cu on the Red Brook Skarn in New Brunswick
Puma Samples 15.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 2.6 g/t Au and 0.55{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu on the Red Brook Skarn in New Brunswick
– Momentum Public Relations –
Press Release: Sept. 22, 2016
Puma Exploration (TSX VENTURE:PUM)(SSE:PUMA) has completed the first phase of exploration on its new Red Brook property in New Brunswick. The program, consisting of prospecting, trenching, stripping and channel sampling, significantly expanded the size of the original discovery and revealed three (3) new massive sulphide-rich skarn zones along strike with grab samples grading up-to 15.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 2.6 g/t Au and 0.55{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu.
Puma’s geologists have now prospected the entire claim bloc and have increased the size of the initial discovery zone from the original 5 by 15 meters to 50 by 50 fully striped meters. Rocks exposed in this zone (Zone A) consist of skarn, limestone and hornfels in contact with a Devonian porphyric granodiorite. A total of 50 grab samples were collected from the excavated area and show distinct metal zonation, including high grade zinc and gold within a significant copper background. The sulphide zone is composed by sphalerite, chalcopyrite, pyrite and pyrrhotite with the highest zinc values grading 15.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 12.0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 8.7{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn and 8.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn and the highest gold values grading 2.6 g/t Au, 1.6 g/t Au and 0.95 g/t Au. The average copper content for the 50 samples in Zone A is 0.27{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu.
Table 1: Selected Grab samples collected from Zone A of the Red Brook Property
Metals | Sample | X | Y | Au | Ag | Cu | Zn | |||
# | Nad83 z19 | Nad83 z19 | g/t | g/t | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | ||||
ZINC | R668158 | 678262 | 5293842 | <0.01 | 1.7 | 0.18 | 8.13 | |||
R668160 | 678259 | 5293846 | <0.01 | 1.9 | 0.17 | 7.02 | ||||
R668161 | 678257 | 5293845 | 0.01 | 2.1 | 0.18 | 6.98 | ||||
R668162 | 678255 | 5293845 | 0.02 | 4.0 | 0.17 | 7.70 | ||||
R668163 | 678262 | 5293841 | <0.01 | 2.0 | 0.20 | 8.20 | ||||
R669916 | 678275 | 5293843 | 0.03 | 2.7 | 0.25 | 8.79 | ||||
R669917 | 678274 | 5293843 | 0.04 | 3.0 | 0.19 | 12.10 | ||||
R669925 | 678276 | 5293845 | 0.04 | 2.7 | 0.21 | 15.05 | ||||
GOLD-COPPER | R668156 | 678257 | 5293842 | 0.28 | 3.3 | 0.47 | 0.02 | |||
R668165 | 678262 | 5293845 | 0.13 | 1.5 | 0.22 | 0.02 | ||||
R668166 | 678264 | 5293846 | 0.21 | 1.6 | 0.43 | 0.01 | ||||
R668169 | 678263 | 5293853 | 0.44 | 2.0 | 0.29 | 0.01 | ||||
R668170 | 678261 | 5293857 | 0.95 | 3.4 | 0.45 | 0.02 | ||||
R668172 | 678257 | 5293867 | 2.62 | 2.3 | 0.44 | 0.01 | ||||
R668173 | 678255 | 5293869 | 0.24 | 1.5 | 0.31 | 0.01 | ||||
R668174 | 678255 | 5293872 | 1.61 | 1.9 | 0.36 | 0.01 | ||||
R668175 | 678254 | 5293874 | 0.91 | 1.0 | 0.18 | 0.00 | ||||
R668181 | 678246 | 5293846 | 0.27 | 2.9 | 0.45 | 0.06 | ||||
R668183 | 678242 | 5293863 | 0.53 | 3.9 | 0.43 | 0.02 | ||||
R668185 | 678248 | 5293847 | 0.22 | 1.4 | 0.33 | 0.07 | ||||
R668187 | 678255 | 5293839 | 0.79 | 4.3 | 0.55 | 0.02 | ||||
R668190 | 678254 | 5293837 | 0.33 | 1.8 | 0.34 | 0.01 | ||||
R668191 | 678243 | 5293837 | 0.19 | 1.8 | 0.32 | 0.03 | ||||
R668193 | 678238 | 5293844 | 0.32 | 0.9 | 0.26 | 0.01 |
Following the stripping of Zone A, containing mineralization that still open in all direction, exploration trenches discovered a major massive sulfide zone located 350 meters south of Zone A along the skarn horizon. This new zone has been partially stripped with three 15 by 15 meter pits spaced over a length of 100 meters. These pits expose massive to semi-massive sulphides in skarn. The zone is open in all directions.
A total of 24 grab samples were collected from the new mineralized zone (Zone B) with results grading up to 0.48{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu and 0.33 g/t Au. The average copper content of the 24 samples collected is 0.22{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu. The geology is similar than in Zone A showing skarn and limestone in contact with a Devonian intrusive.
Table 2: Selected Grab samples collected from Zone B of the Red Brook Property
Sample | X | Y | Au | Ag | Cu | |||
# | NAD83 Z19 | NAD83 Z19 | g/t | g/t | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |||
R668195 | 678214 | 5293546 | 0.05 | 1.5 | 0.18 | |||
R668196 | 678214 | 5293548 | 0.14 | 1.6 | 0.22 | |||
R668197 | 678217 | 5293551 | 0.19 | 1.3 | 0.14 | |||
R668198 | 678216 | 5293544 | 0.08 | 1.2 | 0.13 | |||
R668199 | 678208 | 5293543 | 0.07 | 3.3 | 0.30 | |||
R668200 | 678207 | 5293554 | 0.33 | 2.5 | 0.24 | |||
R669903 | 678296 | 5293500 | <0.01 | 1.5 | 0.28 | |||
R669905 | 678257 | 5293494 | 0.01 | 1.6 | 0.35 | |||
R669906 | 678262 | 5293491 | <0.01 | 2.0 | 0.36 | |||
R669908 | 678266 | 5293484 | <0.01 | 0.8 | 0.25 | |||
R669910 | 678229 | 5293514 | 0.03 | 2.0 | 0.48 | |||
R669911 | 678231 | 5293516 | 0.03 | 0.9 | 0.21 | |||
R669913 | 678228 | 5293524 | 0.04 | 2.2 | 0.32 | |||
R669914 | 678225 | 5293518 | 0.05 | 1.0 | 0.23 | |||
R669915 | 678223 | 5293523 | 0.17 | 1.4 | 0.27 | |||
R669924 | 678464 | 5293487 | 0.01 | 4.1 | 0.37 |
Following the stripping of these four (4) new mineralized zones, a channel sampling program was designed to verify the metal zonation and the grade of the massive sulphide area of the stripped areas. A total of 64.3 meters of channel sampling has been collected distributed in 119 individual samples. Results are pending.
About Red Brook Property
The Red Brook project comprises 23 claims totaling 500 hectares located 50 km west of Nicholas-Denys Project. The property was acquired from a local prospector in 2016 following the discovery of a high grade Zinc zone contained in massive sulfides. This mineralized zone is located at the contact of an intrusive body in a folded limestone horizon which is part of the Popelogan Terrane.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are the Turgeon Zinc-Copper Project and the Nicholas-Denys Project in New Brunswick and their equity interest in BWR as related to the Little Stull Lake Gold Project in Manitoba. Puma is focusing its exploration efforts in New Brunswick. Canada.
You can visit us on Facebook and Twitter.
Learn more by clicking here: www.pumaexploration.com
The contents of this press release were prepared by Dominique Gagné, PGeo. a Qualified Person as defined in NI 43-101. The samples were analyzed at the ALS Chemex laboratory in Val d’Or using the atomic absorption and ICP methods. There is not enough drilling data presently available to determine the shape and true width of the mineralized zone. Neither 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.
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks. uncertainties and other factors which may cause the actual results, performance or achievements of Puma Exploration Inc. to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made. except as required by law. Puma Exploration undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.
Zone A figure is available at the following link: http://media3.marketwire.com/docs/1070299_ZoneA.pdf
Zone B figure is available at the following link: http://media3.marketwire.com/docs/1070299_ZoneB.pdf
Zone A&B figure is available at the following link: http://media3.marketwire.com/docs/1070299_ZoneAetB.pdf
- Published in Mining, News Home, Puma Exploration
Gold Bull McEwen Sees Prices as High as $1,900 by End of Year
Gold Bull McEwen Sees Prices as High as $1,900 by End of Year
Frik Els – Bloomberg
http://www.bloomberg.com/news/articles/2016-09-20/gold-bull-mcewen-sees-prices-as-high-as-1-900-by-end-of-year
Robert McEwen, one of the gold’s industry’s most unabashed bulls, is predicting prices could surge as much as 44 percent by the end of the year as confidence in the economy buckles.
The metal could trade in a range of $1,700 an ounce to $1,900 by the end of 2016 as uncertainty builds around the stability of global currencies and sovereign debt, said McEwen, who’s so enamored by bullion that he’s founded two producers: McEwen Mining Inc. and Goldcorp Inc. Record-low global interest rates will cause a “huge amount of anxiety” for investors, who will turn to gold as a store of value and an alternative asset, he said.
Gold “is a currency that doesn’t have a liability attached to it,” McEwen said Tuesday in an interview at a gold conference in Colorado Springs. “A store of value that has gone for millennia. And the big argument against gold used to be it costs you money to store it. Right now, it’s costing you money to store your cash.”
Bullion’s 2016 rally comes after three straight annual losses. Prices have slumped 31 percent since reaching an all-time high of $1,923.70 in 2011.
McEwen is betting big on gold. As the chief executive officer of his eponymous company, he’s paid $1 a year and doesn’t receive bonuses, wagering that his share holdings will reap him ample rewards. He’s doing this at a time when many gold executives have expressed caution over the metal’s recent rebound as the wounds still feel fresh from the bear market that started in 2013.
This isn’t the first time McEwen, a 66-year-old former investment banker, has defied his own industry. In 2000, he launched an audacious experiment when he was at Vancouver-based Goldcorp. Offering $575,000 in awards, he threw open to the public more than five decades of proprietary data on the company’s under-performing Red Lake mine in Ontario and challenged geologists to locate the next 6 million ounces of gold.
Red Lake ended up becoming one of Goldcorp’s richest gold mines, producing more than $3 billion worth of the metal, he has said.
Prediction Redux
This also isn’t the first time that McEwen, who expects bullion could reach $5,000 in four years, has made bold predictions for prices. He gave the same outlook in 2009 and 2011 — the latter forecast came less than five months before gold peaked and then plunged as much as 46 percent to a five-year low reached in December 2015.
This time, McEwen expects a number of catalysts — from the U.S. election to instability at banks — could make his prediction come to fruition.
“You have many more people involved in the market than you ever have before — crowd psychology is there,” he said. “Reasons for anxiety are multiple than what we’ve had in the past and there will be a triggering event.”
As for the elections, McEwen said that no matter which candidate wins over the U.S. populace, it will be positive for prices. Voters take to the polls in November, when Donald Trump, the Republican presidential nominee, will go up against Democrat Hillary Clinton.
“Hillary has got a very accommodative platform,” McEwen said. “She’s made promises to every group you can imagine in the United States to give them money. Trump is less expansionary, but he’s unnerved a lot of people with his statements, so they don’t really look at this policies, they look at his rhetoric.”
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Namaste (N:CSE) Signs Definitive Agreement to Acquire URT1 Limited and Forms World’s Largest E-Commerce B2C Vaporizer Company
Namaste Signs Definitive Agreement to Acquire URT1 Limited and Forms World’s Largest E-Commerce B2C Vaporizer Company
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 15, 2016) –
Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N)(FRANKFURT:M5BQ) reports that it has entered into a Definitive Asset Purchase Agreement (the “Agreement”) with URT1 Limited and its wholly owned US subsidiaries (collectively referred to as “URT1”) to create the world’s largest e-commerce company focused on sales of vaporizers and accessories. This most recent acquisition, in combination with the acquisition of VaporSeller, reiterates Namaste’s strategic position as the leading consolidator of the industry.
URT1 is one of the top 5 domains in the world for the sale of vaporizers, pipes and accessories. The company operates two websites, www.everyonedoesit.com and www.everyonedoesit.co.uk, and retails through select third-party marketplaces. Unaudited 12 month trailing revenues were approximately C$3.2 million for the period ended August 31, 2016 with a gross profit margin of 53{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. URT1 has been in business since 2000.
Strategic Rationale
The strategic rationale for the transaction includes:
- The acquisition positions Namaste as the largest business to consumer e-commerce retailer of vaporizers and accessories globally, with combined proforma unaudited 12 month trailing revenues of approximately C$10 million for the period ended August 31, 2016, total monthly site traffic of over 550,000 visitors. The combined company will operate 26 websites in 20 countries with distribution centers in North America, South America, Europe and Asia Pacific.
- The combined company will have over 3,000 products for sale; the largest product offering of any company in the industry. The complementary product offerings of both companies creates significant revenue expansion potential through cross selling across all sites. In addition, Namaste will utilize its proven search engine optimization strategies to enhance site traffic, conversions and average selling prices of URT1. URT1 currently converts its traffic at 0.8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} in the US compared to Namaste at 2.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. Improving URT1’s conversion rate to 1.6{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} would double the revenue of the site, which currently generates 75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of URT1’s revenues.
- The higher gross margins of URT1 are beneficial to the gross margins of the combined entity. The opportunity to further improve the gross margin will result from increased buying power with the existing vendor base and focus on private label sales. The combined entity will generate a gross profit margin of over 40{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}.
- Further profit contribution is expected from the reduction in overhead costs, which will enhance earnings before interest, depreciation and amortization. This is due to a shared technology and e-commerce platform, lean centralised management team, and outsourcing of staff functions to India. The resulting increased cash flow generation creates a financial platform for further industry consolidation.
- Following from the acquisitions of VaporSeller and URT1, revenues for the fiscal year ending August 31, 2017 are expected to be C$15.7 million and C$24.9 million for the fiscal year ending August 31, 2018. It is expected that the company will generate positive earnings before interest, depreciation and amortization by December 31, 2016. It is anticipated that Namaste’s revenues will increase in line with projected growth for the industry of 35{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per year for the period 2014 – 2020 (Source: Wells Fargo Research).
- The transaction broadens the management and board profile of the Company with the addition of experienced executives with extensive global industry expertise. Namaste will benefit from decades of financial, accounting, and administrative experience, and deep relationships with product vendors that URT1 has cultivated since 2000.
Terms of the Transaction and Conditions to Closing
Pursuant to the terms of the Agreement, Namaste will acquire all the website domains, the customer list of over 40,000 individuals, the vendor list of over 197 vendors, intellectual property and related technologies, in exchange for common shares of Namaste. The purchase price will be calculated as one-times the 12-month trailing gross revenue of URT1, subject to adjustments for inventory, wind down costs, and assumed liabilities including a secured note of approximately C$500,000 to be transferred at closing of the transaction. The purchase price will be funded by issuing Namaste common shares at a deemed value of C$0.12.
Closing of the transaction is subject to the following:
- Receipt of all director and requisite regulatory approvals relating to the transaction, including without limitation, CSE approval if required;
- Completion of all financial and legal due diligence; and
- Completion of a minimum capital raise of C$1,500,000 on satisfactory terms to both parties.
Liberty North Capital Corporation is acting as an advisor to URT1 in connection with the transaction.
Management and Board Appointment
Upon completion of the transaction, Philip van den Berg will be appointed as Chief Financial Officer and Director, Kiran Sidhu will be appointed as an Independent Director and Cameron Guerrero will join as Executive Director, Merchandising and Global Operations.
Philip van den Berg graduated cum laude in economics in 1985 at the University of Amsterdam. After graduating, Mr. van den Berg joined Pierson, Heldring & Pierson in the Netherlands as investment analyst. Most of his experience on the sell side was with Goldman Sachs in London where he joined when its European equities division was established in 1987. In 1995 Philip went to Deutsche Morgan Grenfell to participate in re-establishing its European equities division. During his career on the sell-side, he held various positions within research departments as investment analyst, supervisory analyst, member of the investment policy committee and head of research. In 1997 Philip moved to the buy-side as co-founder of Olympus Capital Management, one of the first European hedge funds (long short equity). In 2006 Philip co-founded Taler Asset Management, a wealth management company based in Gibraltar. Currently Philip is a non-executive director at Taler. Since 2014 Philip has been an active investor in various start-up companies in Europe and the US where he has held positions as director and CFO, including Golden Leaf Holding (CSE:GLH) and URT1. He has implemented corporate governance and administrative systems, has been involved in a number of capital market transactions, oversaw a public listing and has been involved in mergers and acquisitions.
Kiran Sidhu graduated with and A.B. honors in computer science in 1985 from Brown University and an MBA in Finance from the Wharton School of Business in 1987. Mr. Sidhu was a manager with Price Waterhouse’s strategic consulting group in Los Angeles and a senior associate with Merrill Lynch Capital Markets in mergers and acquisitions in New York. Mr. Sidhu served as CFO of On Stage Entertainment and oversaw its initial public offering on NASDAQ. On Stage was subsequently sold to McCown De Leeuw & Co. Mr. Sidhu was a founder and the finance director of Nano Universe PLC where he oversaw its listing on the LSE-AIM. In 2003 he built Aspen Communication located in New Delhi, India into an outsourcing company skilled in e-commerce fraud detection, accounting, customer and systems support and data analytics to large customers included Party Gaming (LSE:PRTY). Mr. Sidhu currently serves as CEO of URT1.
Cameron Guerrero has over 14 years of retail e-commerce and IT experience. He has worked for several technology and e-commerce companies, including 10 years at Fortune 500 ranked Zappos.com. Throughout his career, he has gained experience in several core e-commerce functions, including warehouse operations, purchasing, systems configuration and training, site merchandising, marketing, and customer service. As Buying Manager at Zappos.com, he managed a buying team with portfolios totaling US$25 million and received several awards for achieving millions of dollars in incremental sales growth. Throughout his career, he has successfully led international and domestic teams on large scale systems integrations including the integration between Zappos.com and parent company Amazon.com. Currently, Mr. Guerrero leads the operations of URT1, as Director, Merchandising and Global Operations.
Darren Collins will remain with the Company as Executive Vice President, Corporate Development.
Management Commentary
Mr. Sean Dollinger, President and CEO of Namaste, comments: “The acquisition of URT1 represents the realization of our objective to become the largest business to consumer e-commerce company focused on vaporizers and accessories. This transaction also further solidifies our position as the leading consolidator of the industry, provides a scalable and profitable platform for further consolidation, brings new product lines to our company, and strengthens our board and management team. I would like to thank all those individuals responsible for bringing this transaction together and look forward to working with the management of URT1.”
About URT1
Founded in 2000, URT1 Limited is one of the longest standing and best known online retailers of vaporizers, pipes and accessories in the UK. The company operates the web portals www.everyonedoesit.com and www.everyonedoesit.co.uk and carries over 2,500 products, including the latest vaporizers, pens, water pipes and an extensive line of accessories, which is one of the largest product selections available in the industry.
About Liberty North Capital Corporation
Liberty North Capital Corp. (“Liberty North”) is a transaction oriented, private investment banking firm, with offices in Toronto and Montreal. Established in response to the demand for high quality banking, merger and acquisition, and advisory services for small cap companies, Liberty North offers hands-on investment banking experience emphasizing practical and innovative solutions necessary to complete transactions in today’s sophisticated financial markets. Liberty North is also an Exempt Market Dealer registered in the provinces of Ontario and Quebec.
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 e-commerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.
- Published in Life Sciences, Namaste Technologies, News Home, Technology
Namaste Technologies (N:CSE) #1 Vaporizer Distributor in Europe
#1 Vaporizer Distributor in Europe, $5.8M USD of Revenue Run Rate
Original Featured: Agoracom/NamasteForum
Posted: September 14, 2016
Why Namaste Technologies?
- #1 vaporizer distributor in Europe
- $5.8M USD of revenue run rate
- Proprietary products launched
- Perfect market timing for expansion
The Namaste Advantage
- International ecommerce distribution
- 30+ International based portals
- 10 Languages
- Proprietary vaporizer products
- Targeting organic growth at 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per year
- Sourcing accretive M & A transactions
Huge Market Drivers
Regulation
- Decriminalization and destigmatization of marijuana for medical and recreational use in US, Canada and Europe
- Vaporizers have lower regulatory burden than growers
Health Advantages
Technical Advances
- Improved mobility from reduced size of vaporizers
- Ability to handle liquids, resins and plant matters
- Conduction, convection, induction technologies
- Mobile connectivity
- Increasingly becoming part of the internet of things
Vapes Gone Viral
Significant Industry Growth Forecasted
Distribution in 20 Countries
Stock Chart
- Published in Blog, Namaste Technologies, Technology
Puma Exploration Inc. (PUM:tsxv) More Massive Sulphides Drilled at Turgeon VMS Project
Puma Exploration Inc.: More Massive Sulphides Drilled at Turgeon VMS Project in New Brunswick
– Momentum Public Relations –
Press Release: September 14th, 2016
Puma Exploration (PUM:tsxv)(PUMA:SSE) has completed its summer drilling program at Turgeon VMS project in Northern New Brunswick. The program included five (5) holes for a total of 2,569 meters. Three holes were directed to verify the IP geophysical targets located 500 meters south-west of the Dragon lens in an underexplored area of the favourable horizon and the two (2) others were drilled to define the extent and the size of the dragon zone.
Dragon Zone
Hole FT16-03 extended the size of the Dragon lens with an intersection of a massive to semi-massive sulphide zone of 7 meters at 107.2 meters. This mineralized zone contains 1.4 meters with 1.6{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu and 0.8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn and extended over 40 meters to the south, the size of the initial discovery of the Dragon zone in hole FT13-13 who intersected 1.01{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu and 0.79{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn over four (4) meters.
Hole FT16-03 intersected at 147 meters, 20.5 meters of chalcopyrite-pyrite stockwork zone within pervasive black chlorite alteration grading respectively 6.4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu et 1.6{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu over 0.5 meters in individual samples. This copper zone is interpreted to be part a major Cu stockwork associated with the Massive sulphide lens intersected at the Dragon grading 10.05{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn over 2.7 meters, 4.4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn over 4.0 meters, 4.6{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn et 1.04{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu over 3.2 meters and 1.01{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu over 4.0 meters in the 2015 drilling program. Also, at the end of the hole, polymetallic sulphide veins similar to the Nigadoo Veins type were encountered and showing rich Ag-Pb-Zn veins with respectively 146 g/t Ag, 2.8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb and 1.4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn over 1.2 meters and 39 g/t Ag, 0.48{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb and 1.3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn over 1.1 meters.
Hole FT16-05 intersected 15 meters of semi-massive to massive sulphide cutted by mafic dykes from 234 to 249 meters. This mineralisation zone is located 50 meters under the Dragon 2 zone and it is mainly composed of pyrite and chalcopyrite. Another sulphide zone was located from 318 meters to 336 meters which included a zone with 1.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn over 1.7 meters. At the end of the hole FT16-05, a new 10 meters long copper stockwork zone within dark chlorite alteration has been encountered and grading 0.32{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu over 10.0 meters. Once again, this copper stockwork is interpreted to be associated with a massive sulphide body within the VMS deposits.
IP geophysical Target
The holes FT16-01 and FT16-02 were located 200 meters south-west of the new Dragon and were directed to test a deep IP target and also to locate the favourable horizon in the extent of the Dragon zone within an underexplore area of the property. These holes intersected the bottom sequence of the Turgeon VMS system which is composed of an abundance of mafic dykes and intrusions in alternance with massive basalt. These holes deviated too much and didn’t reach the deep target located from 400 to 500 meters deep.
FT16-02 and FT16-04 hit, in the first 50 meters, the upper sequence of the Turgeon VMS system which is composed of the very silicified basalt unit with its typical jasper alteration (Silicified Cap). Combined with the hole FT13-09, located 50 meters west, who intersected also the top of the key unit, suggests that the mineralized corridor is located westward with a similar displacement as seen at Powerline, Zinc Zone and Dragon along synvolcanic faults.
The next step is a borehole geophysical survey in the current holes to precisely locate the best geophysical signature and detailed mapping combined with trenching program in the underexplored area located south-west of Dragon Zone to define the fertile horizon.
“Despite the strong deviation in drilling, we have succeeded in finding more massive sulphides up-to ten (10) meters thick in the extension of the Dragon Zone and also the first evidence of a complete sequence containing the massive sulphides with its associated stockwork Cu zone. Additional work is required in the south extent of the mineralized corridor that seems to have moved westward. We are very excited in the potential of finding more VMS deposits within Turgeon project “notes Marcel Robillard, president of Puma Exploration.
Update on Red Brook Zn-Cu-Au Project
Red Brook was acquired from a local prospector following discovery of a high grade Zinc Massive Sulphide outcrop in contact with an important intrusion grading up to 13{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 0.23{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu and 2.5g/t Ag (Press release 19/01/2016). Puma’s crew has prospected the entire claim area and stripped the initial discovery. From the original size of 5 meters by 15 meters, the excavated zone is now 50 meters by 50 meters and contains a large band of massive to semi-massive sulphides inside a calcareous horizon in contact with a Devonian porphyritic granodiorite. Sample results will be released shortly.
Update on the Little Stull Lake Transaction
Black Widow Resources (BWR-TSXV) has conducted his due diligence on the Little Stull Lake Gold project in Manitoba and has informed Puma that it is satisfactory to them. Final contract edition is ongoing and the signing should be done shortly.
Annual Meeting Results
Puma Exploration held its Annual General Meeting on September 8th, at his office in Rimouski. All proposals submitted have been endorsed by shareholders. These proposals included the appointment of Directors and Auditors. Shareholders holding a total of more than 29{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the capital stock of the Company have voted on these proposals. Directors are elected to the Board with an approval rate of 98{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} or more for each of the following candidates: Ms. Anne Slivitzky and Mr Marcel Robillard, Arness Cordick and Richard Thibault.
In addition, at its meeting of the Board of Directors following the AGM, Mr. Marcel Robillard was re-elected president and CEO and Mr Cordick remains Chairman of the Board of Directors. Mr. Dominique Gagné was re-elected to the position of vice-president exploration, while Ms. Ginette G. Brisson was re-elected to the positions of CFO and Secretary. Anne Slivitzky, Richard Thibault, and Marcel Robillard will form the audit committee.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are the Turgeon Zinc-Copper Project and the Nicholas-Denys Project in New Brunswick and their equity interest in BWR as related to the Little Stull Lake Gold Project in Manitoba. Puma is focusing its exploration efforts in New Brunswick, Canada.
- Published in Mining, News Home, Puma Exploration
Sage Gold (SGX:tsxv) Announces Closing of Oversubscribed Flow-Through Private Placement
Sage Gold (SGX:tsxv) Announces Closing of Flow-Through Private Placement
– Momentum Public Relations –
Press Release: September 13th,2016
Sage Gold Inc. (the “Corporation”) (TSX VENTURE:SGX) is pleased to announce that, further to its press release dated August 29, 2016, it has completed the closing of its non-brokered private placement (the “Offering“). The issue was oversubscribed. The Corporation will be issuing 6,250,000 Units at a price of $0.10 per Unit for gross proceeds of $625,000. Each Unit will 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”). Each whole Warrant entitles 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.
The securities issued pursuant to the Offering will be subject to a four (4) month and one (1) day statutory hold period. In connection with the Offering, a finder’s fee of $20,750 will be paid in cash and 207,500 in compensation shares to certain eligible finders. The outstanding shares after this financing are 43,098,481 shares. The Corporation intends to use the net proceeds from the Offering to incur Canadian Exploration Expenses (CEE) on its Onaman and Clavos projects.
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.
Two (2) insiders of the Company participated 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“). Mr. Gary Robertson, a Director of the Company, purchased, 300,000 Units pursuant to the Offering and will own or control 853,483 shares or approximately 2.0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the total shares issued and outstanding after the completion of the Offering and Nigel Lees, Chief Executive Officer, purchased indirectly 170,000 Units pursuant to the Offering and will own or control 4,282,881 shares or approximately 10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the total shares issued and outstanding after the completion of the Offering. The Offering was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the Company is not listed under a specified market (as set out in section 5.5(b) of 61-101) and the fair market value of the shares issued to, nor the consideration paid by Mr. Robertson or Mr. Lees exceeded 25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Company’s market capitalization. No new insiders were created, nor has any change of control occurred as a result of the Offering.
Director Resignation
The Company announces that Mr. Sandy Chim has requested that he step down from the Board of Directors of the Corporation. Mr. Chim has and will continue to be a strong supporter of Sage. The Board thanks Mr. Chim for the wisdom and guidance that he has tirelessly provided over the past several years.
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, 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.
Namaste (N:CSE) Closes $129,000 Final Tranche of Financing
Namaste (N:CSE) Closes Final Tranche of Private Placement
– Momentum Public Relations –
Press Release: September 12, 2016
Namaste Technologies Inc. (“Namaste” or the “Company“) (N:CSE)(FRANKFURT:M5BQ) reports that it has closed the final tranche of its non-brokered private placement by issuing 1,075,000 units (“Units“) of the Company for gross proceeds of $129,000. Each Unit consists of one common share of the Company and one common share purchase warrant at an exercise price of $0.18 for a period of 2 years.
In combination with the convertible note announced by the Company on September 7, 2016 and the first tranche closing of the non-brokered private placement, the Company has now secured a total of $1,489,000 to fund the acquisition of VaporSeller, inventory expansion and general corporate purposes.
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has over 30 e-commerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.
On behalf of the Board of Directors
Sean Dollinger, Chief Executive Officer
Further information on the company and its products can be accessed through the link below:
- Published in Namaste Technologies, News Home, Technology