Visa expands QR code mobile payments to more countries
Visa expands QR code mobile payments to more countries
Visa has announced that mVisa, its QR-based payment service, is now live in India, Kenya and Rwanda, and will soon be available to merchants and consumers in Egypt, Ghana, Indonesia, Kazakhstan, Nigeria, Pakistan and Vietnam, according to a press release.
“Customers have told us they appreciate how fast and easy it is to use mVisa,” Uttam Nayak, senior vice president of digital for emerging markets at Visa, said in a statement. “Small merchants using mVisa for the first time are most excited about how quickly and securely they receive electronic payments without having to invest into expensive point-of-sale infrastructure.”
Visa first tested mVisa in India two years ago.
- Published in Blog, Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
Cruz Cobalt to acquire Chicken Hawk prospect
Cruz Cobalt to acquire Chicken Hawk prospect
– Momentum Public Relations –
Press Release: February 28, 2017
Mr. James Nelson reports
CRUZ COBALT TO ACQUIRE THE CHICKEN HAWK COBALT PROSPECT IN MONTANA
Cruz Cobalt Corp. has entered into an agreement with an arm’s-length vendor to acquire the Chicken Hawk cobalt prospect located in Deer Lodge county, Montana. This new prospect consists of 64 contiguous lode claims covering approximately 1,300 acres.
The Chicken Hawk cobalt prospect claims are located on the western edge of the Boulder batholith and east of the Cordilleran fold and Thrust belt in southwestern Montana. Covering a boundary between a Cretaceous granodiorite and the Lowland Creek volcanics from the Eocene, the eight current claims are in the vicinity of a total of four volcanic rock suites. Cobalt, the primary targeted commodity of the Chicken Hawk, is occurring in the pyritized andesite and as cobaltian arsenopyrite; the sulphides are pnuematolytic in origin. The 64 claims surround four patented claims, no less than 15 unclaimed prospects, and three unclaimed adits.
Cruz president, James Nelson, stated: “We are very pleased to acquire this new cobalt prospect. Management believes that the cobalt trend in the Western USA snakes its way through Idaho, into Montana and up into Southern B.C. This is the targeted pattern of acquisition that Cruz has focused on in the past year. This new prospect now makes nine cobalt prospects within North America that Cruz has secured. Cruz has also secured one of the largest land packages, consisting of four separate cobalt prospects, all located in the Cobalt/Silver district of Ontario surrounding the city of Cobalt. Cobalt prices continue to trade to new five-year highs and have been on a significant uptrend over the past 12 months. Cruz is fully funded to commence operations on all of its nine cobalt prospects and management expects to be on the ground very shortly.”
Cruz currently has seven cobalt projects located in Canada and one in Idaho and now one in Montana. Cruz’s four separate Ontario cobalt prospects are all located in the vicinity of the city of Cobalt. The company’s projects include the 900-acre Coleman cobalt prospect, the 900-acre Johnson cobalt prospect, the 5,500-acre Hector cobalt prospect, the 1,480-acre Bucke cobalt prospect and the company’s 4,935-acre War Eagle cobalt prospect in British Columbia. Terms of this deal call for three million shares to be issued upon Toronto Stock Exchange approval.
The technical contents of this release were approved by Greg Thomson, PGeo, a qualified person as defined by National Instrument 43-101.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Cruz Cobalt, Mining, News Home
King’s Bay (KBG:tsxv) Commences Helicopter-borne VTEM Plus Survey Over Lynx Lake Copper-Cobalt Project
King’s Bay Commences Helicopter-borne VTEM Plus Survey Over Lynx Lake Copper-Cobalt Project, Southeastern Labrador
– Momentum Public Relation –
Press Release: February 28, 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 Canada is pleased to announce that Geotech Ltd., of Aurora, Ontario has commenced a 382 line kilometer helicopter-borne VTEM™ (Versatile Time Domain Electromagnetic) Geophysical Survey over King’s Bay’s 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Lynx Lake Copper-Cobalt Project in southeastern Labrador.
Geotech Ltd. has advised King’s Bay that it expects to complete this survey by mid-April. The VTEM™ system has a penetration depth of over 800 m, with a low Base Frequency (30Hz) for penetration through conductive overburden cover, coupled with a 2-3 meters High Spatial Resolution. This system is advertised to be able to delineate potential drill hole targets from the airborne results. In addition, it also has excellent resistivity discrimination to enable the detection of weak anomalies.
Geotech has flown more than 3,000,000 line-kilometres worldwide with its proprietary and industry-leading VTEM™ system with confirmed results in many different deposit and host geologies.
Kevin Bottomley states “This a very exciting time for the company. The commencement of our VTEM™ survey over Lynx Lake property is an extremely important step towards identifying high priority drill targets.”
Lynx Lake Project
The Lynx Lake Copper-Cobalt Property consists of 959 mineral claims encompassing a land area of approximately 240 square kilometers, located 100 kilometers southeast of Happy Valley Goose Bay, Newfoundland and Labrador. Historic grab sampling on the property has returned 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.
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”.
- Published in King's Bay, Mining, News Home
Deep-South Resources shareholders elect six directors
Deep-South Resources shareholders elect six directors
Mr. Tim Fernback reports
DEEP-SOUTH RESOURCES SHAREHOLDERS ELECT SIX DIRECTORS AT AGM
Deep-South Resources Inc. has released the voting results from the company’s annual general meeting (AGM) held in Vancouver, B.C., on Feb. 23, 2017.
A total of 22,294,176 common shares were represented at the AGM, representing 59.77 per cent of the votes attached to all outstanding common shares as at the record date. All of the matters submitted to the shareholders for approval as set out in the company’s notice of meeting and information circular, both dated Jan. 24, 2017, were approved by 100 per cent of the votes cast at the AGM.
Shareholders voted in favour of setting the number of directors at six and elected all incumbent directors. The details of the voting results are set out in the attached table.
Director Votes for {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} for Votes withheld {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} withheld John H. Akwenye 22,294,176 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} 0 0 Pierre Leveille 22,294,176 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} 0 0 Tim Fernback 22,294,176 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} 0 0 Ryan Cheung 22,294,176 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} 0 0 Hugo Monette 22,294,176 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} 0 0 Luke N. Nepela 22,294,176 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} 0 0
Shareholders also approve the reappointment of Morgan Company LLC as auditor of the company for the ensuing year at the remuneration to be set by the directors.
About Deep-South Resources Inc.
Deep-South Resources is a mineral exploration company with a large Namibian shareholding, actively involved in the acquisition, exploration and development of major mineral properties in Namibia and Canada.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Deep South Resources Inc., Mining, News Home
Cruz Cobalt to apply for Bucke exploration permit
Cruz Cobalt to apply for Bucke exploration permit
– Momentum Public Relations –
Press Release: February 24, 2017
Cruz Cobalt Corp. is making an application for an exploration permit on its Bucke cobalt prospect. This prospect is located in the vicinity of the city of Cobalt, home to one of the largest cobalt/silver districts in North America. This permit will cover the following activities of mechanized drilling, mechanized stripping, pitting and trenching of bedrock, and line cutting.
President James Nelson stated: “We are very pleased to initiate the application process which will enable Cruz to commence operations on the Bucke cobalt prospect near the town of Cobalt, Ont. Cruz has eight separate cobalt prospects, four in Ontario, three in British Columbia and one in Idaho. Cobalt prices have just established five-year highs and the price is up more than 100 per cent in the past 12 months. Management is optimistic about the cobalt trend and look forward to getting boots on the ground shortly on this cobalt prospect.”
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Cruz Cobalt, Mining, News Home
Cruz Cobalt receives TSX-V approval for name change
Cruz Cobalt receives TSX-V approval for name change
– Momentum Public Relations –
Press Release: February 23, 2017
Mr. James Nelson reports
CRUZ CHANGES NAME TO CRUZ COBALT CORP
Cruz Capital Corp. has received TSX Venture Exchange approved for its name change to Cruz Cobalt Corp., as previously announced on Feb. 9, 2017. Effective at the open on Feb. 23, 2017, the common shares of Cruz Cobalt will commence trading on the TSX Venture Exchange, and the common shares of Cruz Capital will be delisted. There is no consolidation of capital. The name change was approved by the board of directors on Feb. 2, 2017. Changing the name accurately reflects Cruz’s focus on high-quality, ethically located cobalt assets.
President James Nelson states: “Cruz employed early-mover advantage as we have been able to acquire what we feel is one of the best collections of high-grade cobalt prospects in North America before the majority of the recent cobalt entrants were in the space. Cruz currently has seven cobalt projects located in Canada and one in Idaho. Cruz’s four separate Ontario cobalt prospects are all located in the vicinity of the city of Cobalt. According to government mineral files, the 900-acre Coleman cobalt prospect returned cobalt grades of 13 per cent, the 900-acre Johnson cobalt prospect returned grades of 10.5 per cent cobalt, and the 1,480-acre Bucke cobalt prospect returned cobalt grades of 13 per cent. The 5,500-acre Hector cobalt prospect covers multiple cobalt occurrences. Our War Eagle cobalt prospect in British Columbia covers a past-producing mine as well and returned assays of 6.5 per cent cobalt. Based on these projects, management feels that Cruz has amassed a quality portfolio of cobalt assets that have some of the highest historic cobalt grades in North America, which sets Cruz apart from most cobalt companies in the junior space.
“We feel that 2017 will be a breakout year for cobalt prices as they have just spiked up to new five-year highs up more than 100 per cent in the past 12 months. Cruz is well positioned to take full advantage of this as Cruz has the funds already raised to commence full operations on these projects, with our goal to make Cruz the go-to North American cobalt project generator and developer. The first half of 2017 will be an extremely active period for Cruz, and management is optimistic about what will be discovered by Cruz on our cobalt properties,” states Mr. Nelson.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Cruz Cobalt, Mining, News Home
Cruz Cobalt grants options to buy 300,000 shares
Cruz Cobalt grants options to buy 300,000 shares
– Momentum Public Relations –
Press Release: February 23, 2017
Mr. James Nelson reports
CRUZ GRANTS $0.35 STOCK OPTIONS
Cruz Cobalt Corp. has granted, pursuant to its 10-per-cent rolling stock option plan, 300,000 incentive stock options to directors, officers and consultants at an exercise price of 35 cents per share for a term of four months.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Cruz Cobalt, Mining, News Home
Cruz Cobalt clarifies cobalt grades as historical
Cruz Cobalt clarifies cobalt grades as historical
– Momentum Public Relations –
Press Release: February 23, 2017
Mr. James Nelson reports
CRUZ CHANGES NAME TO CRUZ COBALT CORP. AND CLARIFIES PREVIOUS DISCLOSURE
Cruz Cobalt Corp. has received TSX Venture Exchange approval for its name change to Cruz Cobalt Corp., as previously announced on Feb. 9, 2017. Effective at the opening on Feb. 23, 2017, the common shares of Cruz will commence trading on the TSX-V and the common shares of Cruz Capital Corp. will be delisted. There is no consolidation of capital. The name change was approved by the board of directors on Feb. 2, 2017. Changing the name accurately reflects Cruz’s focus on high-quality, ethically located cobalt assets.
At the request of the Investment Industry Regulatory Organization of Canada (IIROC), the company wishes to clarify certain disclosure with respect to previously reported samples.
President James Nelson stated: “Cruz currently has seven cobalt projects located in Canada and one in Idaho. Cruz’s four separate Ontario cobalt prospects are all located in the vicinity of the city of Cobalt. According to government mineral files, the 900-acre Coleman cobalt prospect returned cobalt grades of 13 per cent, the 900-acre Johnson cobalt prospect returned grades of 10.5 per cent cobalt and the 1,480-acre Bucke cobalt prospect returned cobalt grades of 13 per cent. The 5,500-acre Hector cobalt prospect covers multiple cobalt occurrences. Our War Eagle cobalt prospect in British Columbia covers a past-producing mine as well, and returned assays of 6.5 per cent cobalt.”
The historical data referred to above were taken directly from government mineral files. These data are historical in nature. The company is planning to commence operations on these projects to attempt to reconfirm the data stated herein. Assay results from the War Eagle prospect came from surface samples. The Johnson prospect assays were reported as grab samples. The Coleman prospect was reported as assays of veins. The Bucke prospect was reported as assays of unknown source. The three Ontario projects are all located in proximity to the town of Cobalt. This region has been historically one of the most active and productive silver-cobalt regions in Canada. However, until the company can carry out a geologic assessment on the properties in the coming weeks, it cannot be assured that the geology on the claims will prove economic.
The technical contents of this release were approved by Greg Thomson, PGeo, a qualified person as defined by National Instrument 43-101. All of the historical grades referred to in this release have not yet been verified. All of the data referenced in this release were taken directly from historical government mineral files and remain to be confirmed.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Cruz Cobalt, Mining, News Home
Tetra Bio-Pharma (TBP:CSE) Announces the Initiation of its Phase I Trial of PPP001 (dried Cannabis)
Tetra Bio-Pharma Announces the Initiation of its Phase I Trial of PPP001 (dried Cannabis)
– Momentum Public Relations –
Press Release: February 23rd, 2017
PhytoPain Pharma (PPP), a subsidiary of Tetra BioPharma Inc. (“Tetra” or the “Company”) (CSE:TBP)(CSE:TBP.CN)(OTC PINK:GRPOF), a pharmaceutical company focused on developing and commercializing therapeutic cannabis-based products for the treatment of pain is pleased to announce the launch of its Double-Blind Phase I Study to Assess Safety, Tolerability, Pharmacodynamics and Pharmacokinetics of Single and Multiple Daily Ascending Doses of Cannabis (Delta-9-tetrahydrocannabinol/ Cannabidiol) by Smoking/Inhalation in Healthy Male and Female Volunteers.
The Phase I clinical research is a classical pharmaceutical study in the development of a new drug. The trial activities will occur over a 3 to 4-month period and involve site initiation, subject recruitment and enrolment, a single daily ascending dose phase and a 7-day multiple daily ascending dose phase, followed by study termination. Algorithme Pharma has already begun recruiting subjects for the Phase I trial. This study is a pivotal safety trial as it will allow Tetra to understand the adverse effects of smoking Cannabis and associate the outcomes, such as cognitive function, to plasma levels of THC and CBD. The study will provide Tetra with the data necessary to discuss with Health Canada and FDA the potential risks in patient populations and discuss marketing requirements for specific indications.
The pharmacokinetic profile and safety data generated by the Phase I trial will allow Tetra to finalize the design of its Phase II-III clinical trial that will assess the safety and efficacy of PPP001 in cancer patients with uncontrolled pain. PPP001 is being developed for cancer patients with moderate-to-severe pain and that are not adequately controlled with the standard of care. Approximately 50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of cancer patients suffer from pain and more than 600,000 of these patients suffer from moderate-to-severe pain. In the USA, there are over 4 million cancer patients and this pain market is valued at over $5 billion USD.
“We are very pleased to announce that the start of the Phase I clinical trial activities as this keeps the company on track in its development of PPP001”, commented Mr, Andre Rancourt. “With PPP001 and the mucoadhesive AdVersa® controlled-release tablet, Tetra is positioning itself to become a major player in the cancer pain therapy market,” added Mr. Rancourt.
The Canadian Securities Exchange (“CSE”) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
- Published in Bio technology, Life Sciences, Medical Marijuana, News Home, Tetra Bio Pharma
Mobi724 issues 9.5M shares for Mobi724 Solutions buy
Mobi724 issues 9.5M shares for Mobi724 Solutions buy
– Momentum Public Relations –
Press Release: February 20, 2017
On Feb. 9, 2017, Mobi724 Global Solutions Inc. issued 9,507,930 common shares of the company at market price less the maximum allowable discount to the previous shareholders of Mobi724 Solutions Inc. pursuant to the terms of predefined anti-dilution provisions and agreements with those shareholders. This issuance has been reviewed by the audit committee and approved by the board of directors, and these shares issued form part of the purchase price for the remaining 49 per cent of shares of Mobi724 Solutions, which transaction was announced on Oct. 28, 2015.
The purchase price was subject to a predefined anti-dilution provision with a cap of 18.05 per cent of the total issued and outstanding shares of the company, and this issue covers events up to the company’s board of directors meeting on Nov. 25, 2016. Following this issue, the anti-dilution provision will cover the conversion of some previously issued convertible debentures and the next $1.92-million of new financing (of which $550,000 was raised subsequent to the Nov. 25, 2016, board meeting).
Forgiveness of debt
On Feb. 9, 2017, the company issued 1,423,467 common shares at a price of 24 cents (market price less maximum allowable discount) in forgiveness of $341,632.01 of bona fide debt. On Feb. 17, 2017, the company issued 86,353 common shares at a price of 36.5 cents in forgiveness of a $31,518.85 bona fide debt.
Options
Also on Feb. 7, 2017, the company granted 351,500 stock options under its stock option plan to its employees and consultants. Each option shall vest gradually over a period of three years (one-third per year, the first one-third vesting upon grant) and will allow the optionee to acquire one common share of the company at a price of 35 cents until Feb. 7, 2020. Details are found on Form 11 filed on the Canadian Securities Exchange on Feb. 7, 2017.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology