King’s Bay (KBG:tsxv) Substantially Increases Lynx Lake Cu-Co Land Package in Labrador
King’s Bay Substantially Increases Lynx Lake Cu-Co Land Package in Labrador
– Momentum Public Relations –
Press Release: January 17, 2017
King’s Bay Gold Corporation (TSX.V: KBG), (FSE: KGB1), operating as “King’s Bay”, a mining exploration and development company based in Vancouver, is pleased to announce that, as a result of preliminary data compilation, the company has decided to increase the Lynx Lake Copper/Cobalt property in Labrador area from its original size of 20 square kilometers to approximately 240 square kilometers.
King’s Bay believes that, in order to adequately cover the geological structures and geophysical signatures of interest, the property must be extended to the south west.
The upcoming airborne electromagnetic survey will be strategically placed within the new land area in order to explain some of the surface electromagnetic anomalies that have been discovered during surficial reconnaissance.
Kevin Bottomley states “The increase in our land holdings by over 10 times shows a strong commitment to better understanding what type of mineralized system we may be dealing with in a more regional sense”.
King’s Bay has filed a NI 43-101 technical report on the Lynx Lake Copper/Cobalt property on SEDAR. To download the full report, please click the link below.
The Lynx Lake Project has returned historical grab samples assaying up to 1.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu, 0.94{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Co, 0.21{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Ni and 6.5g/t Ag. Government regional low resolution residual magnetic surveys and preliminary handheld electromagnetic surveys done by local prospectors have shown strong conductors beneath the overburden, and provide incentive to explore the area further for additional subsurface mineralization. The Project is located directly adjacent to a 3 phase powerline and the Trans-Labrador Highway.
NI 43‐101 Disclosure
Edward Lyons, P. Geo. supervised the preparation of the technical information in this news release and is a qualified person as defined by National Instrument 43‐101.
On Behalf of the Board,
Kevin Bottomley
CEO, President
- Published in King's Bay, Mining, News Home
Arctic Star Permitting Drill Program on Cap Property
Arctic Star Permitting Drill Program on Cap Property
– Momentum Public Relations –
Press Release: January 17, 2017
Arctic Star Exploration Corp, (TSXV: ADD) (“Arctic Star” or the “Company”) is pleased to report that it has begun permitting for a drill program on the company’s wholly owned CAP Property, which is located approximately 80 km northwest of Prince George, British Columbia.
The company acquired the CAP Property in 2010 for it’s potential to host rare metal deposits (Nb, Ta) and/or rare earth elements (REE). These commodities have undergone a dramatic shift in demand owing in part to their usage in the green energy sector, which includes modern wind turbines, rechargeable batteries, catalytic convertors, and more.
The CAP Property is within the central parts of the Rocky Mountain Rare Metal belt; it encompasses six claims (one new) totaling 2,825 ha (6,980 acres) and is about 50 km southwest of the Wicheeda REE Carbonatite. During 2008 and 2009, the Main zone at Wicheeda was drill tested with 15 drill holes at three sites. Highlights included:
- 2008-02: 3.55 per cent REE across 48.64 metres;
- 2009-07: 2.92 per cent REE across 72 metres; and
- 2009-09: 2.2 per cent REE across 144 metres.
The property was originally staked to cover an approximately three- to five-kilometre-diameter, circular, airborne magnetic geophysical anomaly, which is believed to represent a carbonatite (or similar intrusion) at depth. A brief field examination during September, 2010, identified two narrow, syenite dikes near the crest of the ridge that trends from northwest to southeast across the property. The dikes contained highly anomalous geochemistry, including 481 to 981 parts per million niobium, 1,125 to 3,191 parts per million zirconium, greater than 100 parts per million lanthanum, greater than 100 parts per million cerium and greater than 50 parts per million neodymium. These high-level dikes indicate that the source of the magnetic geophysical anomaly may be associated with a carbonatite, or similar intrusion.
More recently, a single contiguous claim was staked to cover a newly discovered rare metal occurrence, which includes a thin fenite dyke, which is typically indicative of proximity to a larger alkaline intrusive body. Two historic samples returned strongly anomalous values of Rare Earth Elements (0.13 and 0.10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} REE’s).
Geologically, the Cap Property has similar potential to the known carbonatite complexes worldwide. Carbonatite-related deposits are a major host for rare metals, such as niobium and tantalum, and rare earth elements. The world’s largest niobium mine, Araxa in Brazil, and several of the world’s largest rare earth element deposits, including Lynas Corporation’s Mt. Weld deposit in Australia and Molycorp’s Mountain Pass deposit in the United States, are all hosted by carbonatites. Geologically similar exploration projects include Hudson Resources Inc.’s Sarfartoq carbonatite project in Greenland and Rare Element Resources Ltd.’s Bear Lodge carbonatite project in Wyoming.
Darren L. Smith, MSc, PGeol, Dahrouge Geological Consulting Ltd., a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARCTIC STAR EXPLORATION CORP.
“Patrick Power”
Patrick Power, President
(604) 689-1799
- Published in Arctic Star Exploration, Mining, News Home
Arctic Star contracts Momentum for investor relations
Arctic Star Exploration Corp. has retained Momentum Public Relations Inc. (MomentumPR) to provide on-line investor relations services to the company.
MomentumPR, a Quebec-based company, is a public, investor and media relations agency serving publicly traded companies listed on the TSX Venture Exchange and specializes in launching target awareness campaigns for small- and medium-sized public companies.
Momentum will assist Arctic Star in increasing public awareness of the company by managing the company’s corporate communications and marketing activities, and facilitating dialogue with the company’s shareholders, finance professionals, analysts and media contacts.
The principal of MomentumPR is Max Gagne. Mr. Gagne owns 400,000 shares and 400,000 warrants of the company. The agreement with MomentumPR is for six months commencing Jan. 1, 2017. Momentum will be paid a fixed fee of $30,000 plus any applicable taxes, payable at the beginning of the contract period. MomentumPR has also been granted 300,000 stock options exercisable for five years at a price of 8.5 cents. The agreement with MomentumPR is subject to approval by the TSX Venture Exchange.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Arctic Star Exploration, Mining, News Home
Arctic Star 22.46-million-share private placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Oct. 12, 2016.
Number of shares: 22.46 million shares
Purchase price: six cents per share
Warrants: 22.46 million share purchase warrants to purchase 22.46 million shares
Warrant initial exercise price: eight cents
Warrant term to expiry: two years
Number of placees: 36 placees
Insiders: B.J. Financial Accounting Consultants Inc. (Brijender Jassal), 500,000 shares; 0800025 B.C. Ltd. (Patrick Power), 3.75 million shares; Thomas Yingling, one million shares; Lithosphere Services Inc. (Buddy Doyle), 2.45 million shares; William Ferreira, one million shares
Aggregate pro group involvement: 550,000 shares (two placees)
Finders’ fees: Canaccord Genuity Corp., $21,600 cash, 760,000 warrants; PI Financial Corp., $3,600 cash
Finder warrant initial exercise price: six cents
Finder warrant term to expiry: Each warrant is exercisable into one share at six cents per share until Dec. 29, 2018.
Note that in certain circumstances the exchange may later extend the expiry date of the warrants if they are less than the maximum permitted term.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Arctic Star Exploration, Mining, News Home
HealthSpace (HS:CSE) Announces Contract with Fraser Health Authority
HealthSpace Data Systems Ltd. (the “Company” or “HealthSpace”) is pleased to announce that Fraser Health Authority has signed a new service agreement with the Company to host and maintain its environmental health inspection, permitting and regulatory enforcement system. The agreement is for five years with four additional option years and replaces the agreement that expired in 2016. The contract is worth $759,720 excluding option years.
HealthSpace President, Joseph Willmott stated “We are delighted to have Fraser Health Authority as a client and are gratified with the confidence they have with our product and service.”
Fraser Health Authority is the largest health authority in British Columbia, servicing a population of 1.5 million people from the City of Vancouver to Hope.
About HealthSpace Data Systems Ltd.
HealthSpace is an industry leader providing inspection, information and communication management systems for federal, state, county and municipal governments. Over the last decade, the Company has successfully developed both enterprise and mobile internet-based applications currently serving over 300 state and local government organizations across North America. Clients range in size from small county organizations to state-wide systems with over 910 concurrent users, as well as national programs. HealthSpace specializes in the field of developing, installing, and maintaining inspection and regulatory management systems for environmental and public health organizations.
- Published in Health Space, News Home
Namaste (N:CSE) Purchases VaporSeller Earn-Out
Namaste Purchases VaporSeller Earn-Out
– Momentum Public Relations –
Press Releases: January 16th, 2017
Namaste Technologies Inc. (“Namaste”) (CSE:N)(CSE:N.CN)(FRANKFURT:M5BQ) is pleased to announce that it has entered into a binding amending agreement (the “Amending Agreement”) with Haze Industries, Inc. (“Haze”) for the purchase of the remaining earn-out obligation as set forth in the definitive asset purchase agreement (the “Asset Purchase Agreement”) announced on June 7, 2016. The Asset Purchase Agreement memorialized the terms and conditions whereby Namaste purchased the assets comprising VaporSeller, an e-commerce platform for the distribution of vaporizers and accessories that is focused on the US market and generated an unaudited revenue of US$3.4 million in 2015. The initial undiscounted value of the earn-out was approximately US$1.5 million. Namaste will settle the remaining earn-out obligation of approximately US$1.3 million by making an initial payment of US$285,000 and monthly payments of US$8,000 for 12-months. Namaste will also issue Haze the initial tranche of 1,700,000 common shares of the Company pursuant to the Asset Purchase Agreement. The total number of shares to be issued is 5,000,000, as previously announced. All common shares issued will be subject to a 4-month statutory hold period.
Management Commentary
Sean Dollinger, President and CEO of Namaste, comments: “The purchase of this remaining earn-out obligation provides Namaste additional cash flow to reinvest into our operations. The VaporSeller customer list of over 150,000 individuals and domains represent a strong foothold for Namaste in the US market and we now control these assets without any future obligations. The principals of Haze will continue to work with Namaste as we assume full operational management of the site.”
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.
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 links below:
- Published in Medical Marijuana, Namaste Technologies, News Home
2017 PREVIEW – LORD COPPER: Electric vehicle sector could be the driving force for metals commodities
Electric vehicle sector could be the driving force for metals commodities
Metals – or commodities generally – are no longer the pariah class, as funds once again dip their toes into the pool, Lord Copper asserts as he looks to the year ahead with cautious optimism.
2016 finished on a quietly positive note. Through the second part of last year, we saw metal prices stage a rally (of sorts: not, I concede, what we became used to during the boom period that now lives only in the memories and bank accounts of those who were there at the time, but a rally nonetheless), which has served to give a boost to the confidence of commodity investors.
Cyclicality has had a part to play here: nothing goes in one direction for ever and things that were out of fashion come back into focus as part of the natural order of the world. But that’s not all. As I suggested would be the case at the beginning of the year, selected mining equities have indeed pointed the way, with that sector of the FTSE powering the index to its new record high. (Incidentally, I noted a couple of weeks ago that Danny Fortson, in the Sunday Times, rated Rio Tinto a definite sell on the back of its (well-publicised) problems. I’m not an analyst, so my views are strictly those of a slightly educated outsider, but I’d still put that company among the best of the bunch, given where it sits on the cost curve in the majority of its products. I certainly wouldn’t dream of giving advice, but neither would I sell Rio from my portfolio.)
So what are we really looking at? The major influence – both up and down – in recent times has been China; this time, though, I’m not sure that it is as central as we have come to expect. Certainly, we all correctly and keenly watch that economy for signs good or bad, but at the moment the signals seem a bit fuzzy. The property market remains a problem, but on the other hand the government is projecting stimulus which should aid the commodity markets. But there is still overcapacity, and where does it go? All the aluminium can’t end up in the Mexican desert; and what does the Trump ascendancy presage for trade relations between the world’s two largest economies? Looked at coldly, unfortunately I can’t see a clear signal of a consistent China once again driving the commodity freight train.
My optimism comes from a slightly different direction, and one where we have to be very cautious, as this is more commodity-selective than China’s overall appetite. As often in the past, technological development holds a key position for the market. One of the hottest topics in scientific research right now is the work being done on the storage of electricity – in other words, better, smaller and cheaper batteries. This is being driven principally – but not exclusively – by the increase in demand for electric vehicles. The beneficiaries of this demand will be lithium (obviously), cobalt and nickel – as the cathode and anode – and also copper, not directly for use in batteries, but because an electric vehicle uses something like four times the copper of a conventional one. And, of course, one should also bear in mind the increased copper usage that will come through the continuing development of charging networks.
One of many charging points for Tesla electric vehicles
For an idea of how that will roll out, look at the growth in the network of petrol stations in the first part of the 20th century. (As an aside – for those who are interested – have a look on catch-up TV for the 2016 Royal Institution Christmas Lectures, where Saiful Islam, a chemistry professor from the University of Bath, is talking precisely about this issue of power generation and storage; it’s interesting stuff.)
So, I’m not a scientist, but I can see the way the world is going, and it’s towards an environment where the renewable generation of electricity and its storage will become of increasing importance. Lithium is a clear beneficiary; right now, you would bet on nickel and cobalt, but beware – battery technology may change to use other metals…. And copper, still the most effective means of power transmission, looks very secure.
I don’t expect a boom again, but a selective investment in metals could be the right way to go in 2017.
- Published in Blog, Deep South Resources Inc., King's Bay
HealthSpace Appoints Advisory Board Members
HealthSpace Appoints Advisory Board Members
– Momentum Public Relations –
Press Release: January 11, 2017
George Moen
Mr. Moen is a serial entrepreneur and business leader who specializes in topline growth across a variety of industries including extensive experience in the food and beverage industry. He founded his first business, Sandwich Tree, while in university and grew the restaurant chain to over a hundred stores across Canada. He subsequently founded and exited a number of successful businesses in technology, media and hospitality. Mr. Moen served as President of Blenz Coffee for five years until 2012 helping the franchise grow to over a hundred locations in Canada, Philippines and Japan. He then served as Chief Operating Officer for Inca One Gold Corp. He sits on the board of directors for Dynamic Oil and Gas Exploration Inc. and CanTest Solutions Inc. He is currently President and CEO of Rothbury Capital, a Canadian real estate investment company with strategic, income-producing investments in multiple US markets.
Ian Tostenson
As the dynamic, passionate and forward thinking President & CEO of the BC Restaurant and Food Services Association, Ian Tostenson combines energy and integrity with proven achievement in all areas of business. Mr. Tostenson spent most of his career leading and successfully growing Cascadia Brands, which owned Calona Vineyards, Sandhill Vineyards, Burrowing Owl Vineyards, Granville Island Brewing, Grady Wine Marketing and Potter Distilling.
He is an appointed director to the Premier’s Permanent Small Business Roundtable (advising government on issues and opportunities for small business) and took on the challenge as an appointed member of BC’s Climate Team to chart out BC’s carbon future. Mr. Tostenson was BC’s second chairman for the BC Wine Institute, a finalist in the Ernest & Young Entrepreneur of the Year Award and a recipient of the Business in Vancouver Top 40 Under 40 Award. He served on the Board as a Director and President of the David Foster Foundation for over 22 years, which continues to create a lasting legacy for the benefit of families with children requiring life-threatening organ transplants. He speaks to this cause regularly as well to the cause of H.A.V.E. CAFE, which he co-founded, sharing a passion to change lives in the downtown Vancouvereastside.
Mr. Peter Smyrniotis, CEO at HealthSpace commented, “The addition of George Moen and Ian Tostenson to HealthSpace’s strategic advisory board is a serious value-add to the management team and employees within our company. Their cumulative experience and credibility in building and working with food & beverage and hospitality organizations will further empower HealthSpace’s growth as we launch our HS Cloud Suite and HS Data programs into commercial enterprise. On a personal note, both George and Ian have invested their time in learning about the impact of HealthSpace’s services in both the US and Canada, and they have been proactive in enabling our team to accelerate our market engagement with private businesses. I am very happy to have them on board.”
The advisory board is expected to work closely with management to provide guidance and support in the planning and execution of the company’s growth strategy.
About HealthSpace Data Systems Ltd.
HealthSpace is an industry leader providing inspection, information and communication management systems for federal, state, county and municipal governments. Over the last decade, the Company has successfully developed both enterprise and mobile internet-based applications currently serving over 300 state and local government organizations across North America. Clients range in size from small county organizations to state-wide systems with over 910 concurrent users, as well as national programs. HealthSpace specializes in the field of developing, installing, and maintaining inspection and regulatory management systems for environmental and public health organizations.
Forward-Looking Statements
This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although HealthSpace believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. HealthSpace expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
For more information please contact:
Ali Hakimzadeh, Chairman
ali@sequoiapartners.ca
1-604-682-4600
Peter J. Kletas
PJK & Associates Inc.
1-866-999-6251
– See more at: https://www.thenewswire.com/archives?id=Bz4F5Yvk#sthash.7sCdGXfR.dpuf
- Published in Health Space, News Home
Tetra Bio-Pharma Inc. (TBP:CSE) Announces a New Appointment to its Scientific and Clinical Advisory Board
Tetra Bio-Pharma Inc. Announces a New Appointment to its Scientific and Clinical Advisory Board
– Momentum Public Relations –
Press Release: January 11, 2017
PhytoPain Pharma Inc. (“PhytoPain Pharma” or “PPP“), a subsidiary of Tetra Bio-Pharma Inc. (“Tetra” or the “Company“) (CSE:TBP)(CSE:TBP.CN)(OTC PINK:GRPOF), is pleased to announce the nomination of Dr. Gilles Chamberland, MD, FRCPC, to its Scientific and Clinical Advisory Board. The board is comprised of experts in clinical research, pain management, cancer, and neurological product drug development. The nomination of Dr. Chamberland, M.D., to its Advisory Board will provide critical guidance on PPP’s clinical development program with regards to the safety of cannabis drug products and the potential mental health risks associated with the consumption of marijuana.
“Patient safety has been a driving force since the creation of PPP. The use of cannabis has been associated with several important safety issues including potential psychiatric-related events. As a company focused on creating scientific data these risks, as well as others, must be adequately assessed and quantified in a clinical environment. The addition of Dr. Gilles Chamberland, M.D., FRCPC, to our team of accomplished scientific and clinical experts will help us ensure that these potential adverse effects of consuming cannabis will be adequately assessed in our clinical development program and these potential risks will be appropriately communicated to both physicians and patients”, stated Dr. Guy Chamberland, Chief Scientific Officer and Regulatory Affairs.
ABOUT Dr. Gilles Chamberland
Dr. Gilles Chamberland, M.D., FRCPC – Director Professional Services, Medical Psychiatrist, Associate Professor, Department of Psychiatry, Institut Philippe-Pinel de Montréal, Université de Montréal.
Dr. Chamberland received a Bachelor of Law degree from the Université de Sherbrooke, a doctorate in medicine from the Université de Montréal, a diploma in psychiatry from the Université de Montréal, and a diploma of advanced studies in biological and medical ethics of the René Descartes University in Paris. In 2012, he earned the Distinguished Fellow from the Canadian Psychiatric Association and, by 2015 the American Psychiatric Association gave him the same professional recognition. He received a diploma in the subspecialty of Forensic Psychiatry in 2013 from the Royal College of Physicians and Surgeons of Canada. Dr. Chamberland has a vast experience in clinical management of patients suffering from various psychiatric conditions including marijuana induced-psychosis. He is also a well-known author and expert witness in the field on psychiatry.
- Published in Medical Marijuana, News Home, Tetra Bio Pharma
King’s Bay Receives Permit Approval For Lynx Lake Cu, Co Project in Labrador
King’s Bay Receives Permit Approval For Lynx Lake Cu, Co Project in Labrador
– Momentum Public Relations –
Press Release: January 11, 2017
King’s Bay Gold Corporation (TSX.V: KBG), (FSE: KGB1), operating as “King’s Bay”, a mining exploration and development company based in Vancouver, announces approval from Newfoundland and Labrador Government, Department of Natural Resources for the commencement of an electromagnetic survey in south eastern Labrador.
The focus of the airborne survey is to locate high priority drill targets for its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Lynx Lake Copper, Cobalt project located 100km south east of Happy Valley‐Goose Bay, Labrador.
The Lynx Lake Project has returned historical grab samples assaying up to 1.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu, 0.94{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Co, 0.21{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Ni and 6.5g/t Ag. Government regional low resolution residual magnetic surveys and preliminary handheld electromagnetic surveys done by local prospectors have shown strong conductors beneath the overburden, and provide incentive to explore the area further for additional subsurface mineralization. The Project is located directly adjacent to a 3 phase powerline and the Trans-Labrador Highway.
Company President Kevin Bottomley states “The granting of our permit is an important first step in the exploration process for King’s Bay. Our goal is to get working on all aspects of our Lynx Lake Copper / Cobalt property as soon as possible. The successful completion of our financing on January 3rd was a key component of that goal”.
King’s Bay will begin to prepare proposed flight line orientation and spacing for the upcoming drilling program and has begun to evaluate quotes from potential vendors.
About Cobalt
At this time, the price of cobalt is rising due to a combination of factors. Some of these factors are related to unsettled conditions in areas such as the Democratic Republic of Congo, where the majority of the world’s cobalt is recovered. Other factors include an increased demand for rechargeable batteries. A single rechargeable ion car battery contains as much as 20 kilograms of cobalt. In addition to batteries, cobalt is used in alloys for aircraft engine parts and for alloys with corrosion/wear resistant uses. Cobalt also has many medical uses; cobalt isotopes are used to produce stable dichromatic beams in “cobalt therapy”, which is used to treat cancer. Molybdenum is also an important element of interest and can be used in fertilizer as well as battery electrodes.
About King’s Bay
King’s Bay is focused on the exploration of cobalt and other high‐tech metals in North America.The company believes in this emerging fast‐growth sector and will continue to seek out and evaluate properties that show promise for development. King’s Bay Gold Corp is operating as King’s Bay.
NI 43-101 Disclosure
Ed Lyons supervised the preparation of the technical information in this news release and is a qualified person as defined by National Instrument 43-101.
On Behalf of the Board,
Kevin Bottomley
CEO, President
- Published in King's Bay, Mining, News Home