Mobi724 CEO Vienneau acquires 7.36 million shares
Mobi724 CEO Vienneau acquires 7.36 million shares
– Momentum Public Relations –
Press Release: February 20, 2017
On Feb. 9, 2017, Marcel Vienneau, the chief executive officer of Mobi724 Global Solutions Inc., acquired control over 7,365,920 common shares of the company as the consideration received for the company purchasing the remaining 49 per cent in its subsidiary Mobi724 Solutions Inc. Mr. Vienneau was part of the remaining 49-per-cent shareholders of Solutions Inc., which transaction occurred on Oct. 28, 2015. The company had initially acquired a 51-per-cent controlling interest in Solutions in July, 2013. In the purchase of the remaining 49 per cent in its subsidiary, the company agreed to anti-dilution provisions with Solutions shareholders. Pursuant to the terms of the predefined anti-dilution provisions and agreements with those shareholders, the common shares acquired by Mr. Vienneau represent 5.6 per cent of the issued and outstanding shares of the issuer. Immediately after the acquisition, Mr. Vienneau currently holds 20,955,895 common shares, representing 13.4 per cent of the outstanding shares.
The common shares were acquired in the context of an acquisition by the company of the remaining 49 per cent in shares of Solutions and not with a view of materially affecting control of the company.
This press release is being issued pursuant to National Instrument 62-103 (the early warning system and related takeover bid and insider reporting issuers), which requires a report to be filed under the company’s profile on SEDAR containing additional information respecting the foregoing matters. A copy of such report may be obtained by contacting Luc Charbonneau, chief financial officer, at Mobi724 Global Solutions Inc., 257, Sherbrooke St. East, fourth floor, Montreal, Que., H2X 1E3.
About Mobi724 Global Solutions Inc.
Mobi724 Global Solutions, a leader in the fintech industry, based in Montreal (Canada), offers a unique and fully integrated suite of payment and digital marketing solutions.
Mobi724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card.
The corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enable card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver, track and measure incentive campaigns worldwide to any mobile device, and allow its redemption at any point of sales.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
Cobalt gets ready to shine from Tesla, Apple, Samsung demand
Cobalt gets ready to shine from Tesla, Apple, Samsung demand
The lesser known mineral component of batteries, cobalt, is gearing up to have its year in the sun, with hedge funds stockpiling the commodity in preparation for the “Tesla boost”, ethical dilemmas tainting existing supply and miners exploring the developed world.
Prices for the mineral are starting to see a conspicuous recovery; low-grade cobalt was at a high of $US16.50 ($21.84) a pound on the spot market on Thursday, up more than 80 per cent from lows in December 2015, according to Bloomberg data.
“If last year was lithium’s time, for 2017 its battery peer cobalt may be the one receiving more attention,” a Macquarie analysts wrote in a recent note to clients.
“Prices have accelerated to levels last seen in 2011, and with demand from the core portable electronics sector recovering and supply growth relatively stagnant, this can be fundamentally justified.”
The hard, grey mineral has piqued interest in recent years for its potential widespread use in smartphones and the lithium-ion batteries used in Tesla vehicles. As an efficient electrode, cobalt can help store power for longer.
Analysts expect the likes of General Motors and Volkswagon, in addition to smartphone makers Apple and Samsung, to soon crank up demand as they experiment with their own electric cars.
According to commodity researcher CRU Group, this is set to boost demand for the nickel byproduct on average by 16 per cent annually through to 2022.
The supply issue
Cobalt is particularly contentious, however, given it is largely mined in the strife-riddled region of the Democratic Republic of the Congo. According to an Amnesty International report released last year, a fifth of the DRC’s cobalt is derived from small-scale operations that rely on child labour.
China is the main refiner of cobalt, buying up the commodity from both ethical and conflict zones, refining it and then on-selling it to the likes of Apple, Samsung and Tesla.
“The problem is it all gets mixed together, so you don’t really have an option to buy clean cobalt,” said Matthew Langsford, portfolio manager of the natural resources fund at Terra Capital.
At this year’s African Mining Indaba, which finished up last week in Cape Town, cobalt sprung up at numerous booths, with companies turning their exploration sights towards the commodity which is usually found as a byproduct of nickel.
However, investors seem to be leaning towards more transparent sources of cobalt.
“It’s a chilling fact for a lot of people that the smartphone in the pocket probably contains cobalt produced through child labour,” Edward Lauer, head of portfolio optimisation at Eurasian Resources Group, told a panel during the conference.
“It’s a complex supply chain and a challenging issue; thankfully, a lot of groups are bringing various stakeholders together.”
Opportunists
Investors could once get exposure to cobalt through nickel and copper shares, but there are more companies popping up exploring in developed countries.
ASX-listed Clean TeQ, backed by Regal Funds Management, has a scandium deposit in central New South Wales, with high-grade nickel and cobalt features. Billionaire Canadian investor Robert Friedman has taken an almost 20 per cent slab of the company’s stock and is a vocal proponent of the cobalt story.
Another high-profile investor, Paul Matysek, recently joined the board of Equator Resources and is in the process of renaming the company Cobalt One. The microcap stock hopes to exploit Mr Matysek’s track record of finding difficult deposits and is in the process of raising capital.
“These kinds of companies are looking to add to the cobalt supply from developed countries which will take some of the pressure out of the DRC,” says Mr Langford. “While the deposits there are so rich it’s unlikely cobalt will stop coming out of there, these other plays give investors more options.”
But there are also other methods of gaining cobalt exposure. In readiness for this spike in demand, some fund managers have begun to stock pile the commodity in preparation for the price hike.
“By buying physical stock, you actually own the metal that’s going into the batteries,” Anthony Milewski, a managing director at Pala Investments, told Bloomberg recently. “It’s a much more attractive option, and we’re not the only fund out there doing this.”
But getting one’s hands on the commodity is not easy. About 100,000 metric tons is produced annually, though 65 per cent of refined supply comes in a non-metal form, like the chemicals used in jet engines, drilling tools, pigments and smartphones.
As such, only around 35,000 tonnes comes in metal form, worth around $US550 million ($713 million).
Traders haven’t had it much easier, struggling with the lack of liquidity in markets like the London Metals Exchange.
Before November last year, the average volume was just 24 contracts a day; by comparison, copper trades around 140,000 contracts a day. But increased market attention has seen these contracts jump to an average of 162 a day, with some sessions reaching 600.
By Jessica Sier
- Published in Blog, Cruz Cobalt, Mining
As cobalt prices soar, King’s Bay expands prospects with Newfoundland acquisition
As cobalt prices soar, King’s Bay expands prospects with Newfoundland acquisition
by Greg Klein | February 16, 2017
A name and a commodity that are both objects of feverish attention seem to meet up in Newfoundland, where King’s Bay Gold TSXV:KBG has acquired the Trump Island copper-cobalt property. A 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} option announced February 16 expands the company’s cobalt prospects in Newfoundland, Labrador and Quebec.
Back in 1863 a Cornish miner sunk a six-metre shaft to follow a zone of massive chalcopyrite. He reportedly sent a shipment of high-grade copper-cobalt ore to Wales.
Grab samples collected nearby in 1999 brought historic, non-43-101 results up to 3.8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} copper, 0.3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} cobalt, 2.9 g/t gold and 10.9 g/t silver.
The initial King’s Bay agenda would call for additional sampling, along with mapping and a local-scale electromagnetic survey on the 200-hectare property. Successful results could bring a summer drill campaign.
Subject to approvals, King’s Bay gets Trump Island for 200,000 shares at a deemed value of $0.195 and a 2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} NSR.
The boat-accessible property sits seven kilometres south of Twillingate, a town immortalized in Newfoundland’s unofficial national anthem.
In Labrador, meanwhile, King’s Bay has airborne EM planned for its Lynx Lake copper-cobalt project, where grab samples have shown non-43-101 results up to 1.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} copper, 0.94{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} cobalt and 0.21{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} nickel, as well as chromium, molybdenum and vanadium values. Last month the company expanded Lynx Lake from about 2,000 hectares to approximately 24,000 hectares.
Earlier this month King’s Bay picked up three cobalt projects in Quebec. The company closed a $938,752 private placement in January.
The acquisitions come as cobalt prices continue their meteoric rise, hitting six-year highs up to $20 a pound, reported MetalBulletin.com. That represents an approximately 50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} increase since September, according to Reuters. Stating that many traders are hoarding the metal, Reuters predicted a supply deficit this year “exacerbated by an insecure supply chain. Almost 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the world’s cobalt lies in politically risky Democratic Republic of Congo.”
- Published in Blog, King's Bay, Mining
MOBI724 Global Solutions Inc. (MOS:CSE) Signs Agreement with CredibanCo Colombia
MOBI724 Global Solutions Inc. (CSE:MOS) Signs Agreement with CredibanCo Colombia to Provide Integrated Card-Linked Offers Platform
Innovative Card-Linked Offers Platform for Colombian Card Issuers and Retailers
– Momentum Public Relations –
Press Release: February 16, 2017
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS)(CSE:MOS.CN), a fintech leader offering integrated EMV payment, card-linked offers and digital marketing, has signed a partnership agreement with CredibanCo, Colombia’s largest payment cards network and processor, to deliver an integrated card-linked offers and digital marketing platform for card issuers and retailers in the Colombian market.
MOBI724’s innovative card-linked offers patent-pending solution will allow Colombian card issuers to enable cardholders to redeem offers directly at the more than 172,000 CredibanCo points-of-sale – all within a seamless user experience for all the parties in the ecosystem: issuers, cardholders and retailers.
Cardholders will have the ability to receive relevant and targeted card-linked offers and rewards. With MOBI724’s innovative card-linked offers solution, when a consumer makes a purchase with a debit or credit card and – once the transaction is authorized – the value of the offer or reward is credited to the cardholder’s account in real time. This platform gives card issuers the opportunity to increase spend and usage while fostering consumer loyalty and the ability to send real time personalized notifications.
Colombian card issuers will also benefit from MOBI724’s other solutions and services, including data analytics and business intelligence.
MOBI724 and CredibanCo will go to market with a joint solution providing an integrated platform that helps card issuers offer new and innovative solutions with ease. Integration is underway.
“We are thrilled to partner with CredibanCo, the largest payment-acquiring network in Colombia, to offer our state-of-the-art card-linked offers and business intelligence platform. We are looking forward to leveraging the full potential of our solution for the benefit of card issuers and cardholders, while adding more transactions for CredibanCo’s merchants,” says Marcel Vienneau, CEO, MOBI724.
Luis Sierra, VP Corporate Business CredibanCo, stated: “We are enthusiastic about this opportunity to add significant value to our merchant network, card issuing business partners and the end consumer through Mobi724’s leading-edge proven solutions; we look forward to greatly invigorate the Colombian market around card-linked offers and electronic marketing.”
About CredibanCo
CredibanCo is a Colombian corporation, facilitating and simplifying methods of electronic payments, transactions and digital information in the financial and retail areas. CredibanCo is the largest processor in the country and has more than 220,000 affiliated merchants and more than 172,000 points of sales for electronic payment acceptance. The company has been a pioneer in the launch of mobile payment solutions. www.credibanco.com
About Mobi724 Global Solutions
Mobi724 Global Solutions Inc. (CSE:MOS) is a fintech leader offering integrated EMV payment, card-linked offers and digital marketing. Headquartered in Montreal, Canada, Mobi724 is innovating its market with technology solutions that interoperate seamlessly with any credit/debit card and any mobile device. Mobi724’s solutions increase transaction volumes and average spend while benefitting financial institutions, merchants and cardholders.
For more information, visit www.mobi724globalsolutions.com.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
Tetra Bio-Pharma Reports Approval by Health Canada of its Phase I Trial of PPP001 (dried Cannabis)
Tetra Bio-Pharma Reports Approval by Health Canada of its Phase I Trial of PPP001 (dried Cannabis)
– Momentum Public Relations –
Press Release: February 16, 2017
PhytoPain Pharma Inc. (PPP), a subsidiary of Tetra Bio-Pharma Inc. (“Tetra” or the “Company”) (CSE:TBP)(CSE:TBP.CN), a pharmaceutical company focused on developing and commercializing therapeutic cannabis-based products for the treatment of pain is pleased to announce that the Therapeutic Products Directorate (TPD) of Health Canada has approved its Phase I clinical study of smoked cannabis.
Tetra has worked with Algorithme Pharma, an Altasciences company, for the preparation of the Clinical Trial Application (CTA) for the conduct of a 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 CTA was submitted to Health Canada and the research ethics review board in December 2016. On January 3, 2017, the clinical trial received approval from the Institutional Review Board. TPD issued a Letter of Authorization for the conduct of the Phase I clinical trial on February 16, 2017. Algorithme Pharma will be initiating the clinical trial activities in the coming weeks.
“We are very pleased to announce the authorisation of the Phase I clinical trial by TPD. This is an important milestone in the clinical development of smoked Cannabis in North America and we are proud to be working with Algorithme pharma, a Clinical Research Organization with many years of experience and expertise in the conduct of Phase I clinical studies,” said Dr. Chamberland, Chief Science Officer.
“This trial is part of Tetra’s commitment to develop medical Cannabis as a prescription drug for patients. The outcome of this trial is going to have significant implications in medical Cannabis research as it is a first pharmaceutical clinical trial assessing the effects of smoked Cannabis on cognitive function in healthy volunteers” said Mr. Rancourt, Chief Executive Officer
Earlier this month, Tetra and IntelGenx announced the co-development of Dronabinol AdVersa® Mucoadhesive controlled-release tablet for the management of Breakthrough Cancer Pain. The significant advantage of the Mucoadhesive technology was demonstrated in a Phase I clinical trial. The study demonstrated the delayed-release of THC avoids a rapid increase in the blood. ²With both of these products in clinical development, Tetra is on track with its objective to bring Cannabis-based prescription drugs to the market. Both of these products are promising alternatives in the battle for the reduction of opioids and improving quality of life in patients with chronic pain², added Dr. Chamberland.
- Published in Bio technology, Life Sciences, Medical Marijuana, News Home, Tetra Bio Pharma
MOBI724 Global Solutions (CSE: MOS) Invites Current and Future Investors to a Webinar for a Material Management Update
MOBI724 Global Solutions (CSE: MOS) Invites Current and Future Investors to a Webinar for a Material Management Update
– Momentum Public Relations –
Press Releases: February 16th, 2017
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE: MOS), a FinTech leader offering integrated EMV payment, Card-Linked Offers and Digital Marketing, hereby invites its current shareholders as well as the public to assist a webinar presided by Marcel Vienneau, CEO of MOBI724 to provide a material management update and to answer questions. In compliance with Canadian Securities Regulations, the Company advises that management has requested, on a voluntary basis, that the trading on the MOBI724 shares be halted temporarily due to the dissemination of material news and the presentation the management update webinar.
Interested parties may log in at the following web address:
https://attendee.gotowebinar.com/register/1317098762580805634
Please register for Management update on Feb 16, 2017 1:00 PM EST
After registering, you will receive a confirmation email containing information about joining the webinar.
Brought to you by GoToWebinar®
Webinars Made Easy®
About MOBI724 Global Solutions
Headquartered in Montreal, Canada, MOBI724 Global Solutions Inc. (CSE: MOS), a leader in the FinTech industry, offers a unique and fully integrated suite of Card-Link Offers, Digital Marketing and EMV Payment solutions.
MOBI724 is innovating the market with a combined EMV payment, Card-Linked Offers and Digital Marketing Platform that works on any payment card and any mobile device. MOBI724 pioneered the addition of intelligence to all types of transactions benefiting banks, retailers and cardholders. MOBI724 succeeds in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to clients to capture payment card transactions on any mobile device, at any POS or from any payment card. Our easy-to-adapt gateway switch is designed for simple integration with all payment protocols.
Within the same suite, MOBI724 combined its Card-Linked Offers solution and provided payment card issuers, banks and retailers with the ability to add offers and/or coupons, which can be redeemed directly at the POS in a seamless user experience for all the parties in the ecosystem
MOBI724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enable card associations, payment card issuers, banks and retailers to create, manage, deliver and “track and measure” incentive campaigns worldwide to any payment card, to any mobile device and allow redemption at any POS.
MOBI724 ’s credit and debit EMV payment solutions allow banks to process end-to-end EMV transactions, focusing on authentication, PCI security and quick merchant adoption, which allows to process payments with a wide range of devices.
MOBI724 Global Solutions unleashes the true potential of both Card-Link Offers and smart payment transactions.
For more information, visit www.mobi724globalsolutions.com or call Marcel Vienneau at 1-514-394-5200 x 413.
- Published in Blog, Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
King’s Bay Acquires Trump Island Copper-Cobalt Property
King’s Bay Acquires Trump Island Copper-Cobalt Property
Past Producing Prospect with samples of up to 3.80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu, 0.30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Co, 2.90 g/t Au, and 10.9 g/t Ag
– Momentum Public Relations –
Press Releases: February 16, 2016
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, subject to the approval of the TSX Venture Exchange, it has entered into an agreement dated February 6, 2017 with Gary Lewis, Nigel Lewis and Unity Resources Inc. (collectively the “Vendors”), to acquire a 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} title and interest in the North Trump Island copper-cobalt property in north-central Newfoundland.
Kevin Bottomley states, “The Trump Island acquisition fits in with our commitment to advancing high grade copper-cobalt properties in Newfoundland & Labrador. The fact that there has been historical mining on the island adds a new dimension to our property portfolio.”
Property Overview
The North Trump Island Property consists of 8 mineral claims encompassing an area of 2 square kilometers and is located 7 kilometers south of the town of Twillingate, Newfoundland and Labrador. The property is accessible by boat 1.5 kilometers east from the nearest boat launch at Tizzard’s Harbour on NL Hwy 345.
The property’s history dates back to the mid 1860’s when a 20-foot (6.1 m) shaft was sunk on a mineralized zone of massive chalcopyrite. At the bottom of the shaft, it was reported that the mineralized zone expanded with depth but, due to limited technology, no further excavation could be safely continued. Follow up grab sampling in 1999 by G. Lewis, an experienced local prospector, revealed mineralization assaying up to 3.80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu, 0.30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Co, 2.90 g/t Au and 10.9 g/t Ag near the old Clymo mine shaft. The property has not been drilled to date. The compilation of the recent 1998-99 field work done by Lewis suggests that a more detailed exploration program is warranted.
Exploration History
In 1863 Nicholas Clymo, a miner of Cornwall, United Kingdom visited the area and sunk a pit to a depth of 20 feet (6.1 m) which followed a 3 feet (0.9 m)wide mineralized zone that was said to increase in thickness with depth. He reported that a shipment of high grade copper-cobalt ore was shipped to Swansea, England as documented in the Newfoundland Provincial Mineral Rights Database. This shipment was said to be worth “40 pounds per fathom” (Clymo, 1863). In 1953, J. Kalliokoski of the Newfoundland Geologic Survey headed up a mapping and prospecting program for Newmont Mining Company in the area but no sample assays were reported. In the 1990s, G. Lewis conducted prospecting and limited rock and soil grab samples and filed a first-year assessment report in 1999 with the Newfoundland and Labrador Mineral Titles Branch.
Regional Geology
The Trump Island Group lies near the southeast boundary of the Notre Dame Subzone of the Dunnage Zone in the Central Mobile Belt, locally marked by the Chanceport Fault. The Central Mobile Belt represents the boundary of Laurentia and Gondwanaland at the start of the Appalachian-Caledonian Orogeny. The oldest unit in the Twillingate area is the Cambrian Sleepy Cove Formation mafic pillow flows and breccias mixed with minor silicic volcaniclastics. The Twillingate Granitoid, a high-soda trondjhemite characteristic of ophiolite assemblages intruded the mafic formation. Zircon age-dates place the granitoid as Late Cambrian (510 m.y.). Amphibolite dykes intrude the granitoid and mafic units with Lower Ordovician zircon ages. The ophiolite assemblages in the Notre Dame Subzone host a number of copper-rich deposits that have been mined in west-central Newfoundland.
Local Geology
The property claims cover the majority of North Trump Island and includes mainly Sleepy Cove mafic pillow basalts and breccias which have been retro-metamorphosed to chlorite-sericite-epidote schist foliated subparallel with the contact with the Twillingate granitoid. Mineralisation, as is currently known, occurs as chalcopyrite, pyrite, and pyrrhotite in quartz vein networks and high-sulphide lenses (Clymo Shaft).
Exploration Program
The initial exploration program will include additional sampling from the historic shaft area along with geological mapping and local scale electromagnetics. Based on successful results from these works, a drilling program would be planned for summer, 2017.
Purchase Consideration
In consideration for the purchase, the Company will issue to the Vendors an aggregate of 200,000 common shares at a deemed value of $0.195 per common share on the closing date. The Property is subject to a 2.0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} net smelter return royalty payable by the Company to the Vendors.
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.”
On Behalf of the Board
Kevin Bottomley
CEO, President
For Investment Inquiries please contact:
Brad Hoeppner
Director
O: 604 681 1568
E: Brad@kingsbayres.com
- Published in King's Bay, News Home
Majescor arranges $1-million private placement
Majescor arranges $1-million private placement
– Momentum Public Relations –
Press Release: February 15, 2017
Majescor Resources Inc. has arranged a $1-million non-brokered private placement composed of 10 million units at 10 cents per unit with one common share purchase warrant. Each warrant entitles the holder thereof to acquire one additional common share in the capital of the corporation at a price of 16 cents per common share for a period of 24 months following the closing of the offering. The warrants carry a forced exercise provision that, should the corporation’s common shares trade at a price of 24 cents or more for 30 consecutive days, the warrantholder will then have 30 days following the 30th day of trading to exercise the warrants before they expire. All securities issued in the private placement are subject to a four-month hold period. The proceeds of the financing will be used for exploration and working capital.
The corporation may pay finders’ fees on a portion of the private placement not relating to insiders of the corporation.
About Majescor Resources Inc.
Majescor is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Albert Mining, Mining, News Home
Shutdowns at Biggest Mines Extend Copper’s Best Rally in 5 Years
Shutdowns at Biggest Mines Extend Copper’s Best Rally in 5 Years
Copper is extending the best start to a year since 2012 after the world’s two biggest mines halted some operations.
The metal has rallied 11 percent this year, helped ongoing problems at Freeport-McMoRan Inc.’s Grasberg complex in Indonesia and BHP Billiton Ltd.’s Escondida mine in Chile. Futures for March delivery climbed 0.5 percent to $2.783 a pound at 1:18 p.m. on the Comex in New York, after earlier touching $2.823, the highest since May 2015.
“Copper’s been leading the way, but everything’s moved higher in a broad allocation back into metals,” Robin Bhar, an analyst at Societe Generale SA, said by phone from London. “We’ve had supply-side concerns which have boosted the market no end.”
Freeport-McMoRan suspended copper concentrate output at its giant Grasberg complex in Indonesia as the company continues to negotiate with the government over the terms of its mining permit.
Local unit PT Freeport Indonesia halted output at its copper mill Friday, Tri Puspital, a member of the industrial relations department at Grasberg’s labor union, said by phone Monday. The shutdown came after Freeport ran out of space to store copper that has been backing up at the site since last month, when its permit to export expired.
Read more about Freeport’s copper concentrate suspension at Grasberg.
An indefinite strike at BHP Billiton’s Escondida mine in Chile has also led the company to stop production and declare force majeure on its shipments. Over the weekend, a group of more than 300 people entered the mine site during the strike and forced some contractors to abandon the compound, BHP said.
“After the force majeure at Escondida on Friday, the market took off like a rocket,” Bhar said.
A 20-day stoppage at Escondida and a one-month delay to exports at Grasberg would result in an output loss of almost 100,000 tons, including 64,000 tons from the Chilean mine, Goldman Sachs Group Inc. said a note dated Feb. 8.
Macquarie Group Ltd. expects the BHP strike to last up to three weeks, London-based analyst Vivienne Lloyd said by e-mail. The dispute at Grasberg could be tougher to resolve, she said.
Copper rallied 5.5 percent last week in London and ranks third this year among the best-performing contracts tracked by the Bloomberg Commodity Index. Gains this year also come amid President Donald Trump’s promise to spend $1 trillion in infrastructure over the next 10 years.
“Definitely if copper output is at all sidelined with the talk about all this new spending in the U.S. and building we’re going to see an extension upwards, it could get pretty ugly,” Phil Streible, a senior market strategist at RJO Futures in Chicago, said in a telephone interview.
Mining stocks also advanced on Monday, with Teck Resources Ltd. gaining more than 3 percent
Money managers who cut their record bullish bet in copper last week missed out on the rally. Hedge funds and other large speculators lowered the net-long position in copper futures and options contracts by 15 percent, the most since October, according to Commodity Futures Trading Commission data released Friday.
- Published in Blog, Deep South Resources Inc., Mining
Tetra Bio-Pharma (TBP:CSE) Moves Closer to Clinical Trials
Tetra Bio-Pharma Moves Closer to Clinical Trials
By: Ryan Allway – February 14th, 2017
View Original: CFN Media Group
Medical marijuana may be legal for roughly 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the U.S. population, but the cost of the drug remains prohibitive for many patients in need. Tetra Bio-Pharma Inc. (CSE: TBP) (OTC: GRPOF) aims to undergo FDA-sanctioned clinical trials for dried medical marijuana to secure prescription drug coverage from insurance companies. If successful, the company could potentially reach a large patient population with a unique option.
CFN Media recently spoke with Chief Science Officer Dr. Guy Chamberland about the company’s progress:
Click Here for Video Interview
In this article, we will take a closer look at some of the company’s recent milestones and why investors may want to consider the stock for their portfolios.
FDA Clears Way for Phase I Trials
Tetra Bio-Pharma held a pre-Investigational New Drug (“IND”) meeting with the U.S. Food and Drug Administration (“FDA”) in late January to advance its PPP001 clinical trial. During the meeting, the FDA provided all the necessary guidance on the design of a Phase I clinical trial on healthy volunteers and its overall development program. The meeting further demonstrates the agency’s willingness to continue the clinical trial to develop a dried marijuana prescription drug.
“We could not be more pleased, as the FDA guidance gave us a clear path to progress from early to late phase clinical development,” said Dr. Chamberland, M.Sc., Ph.D., Chief Scientific Officer and Regulatory Affairs. “Adhering to the U.S. FDA regulations is part of Tetra Bio-Pharma’s dedication to the commercialization of cannabis as a prescription controlled drug and the corporation’s plan to seek reimbursement by insurers for patients.”
PPP001 is a dried cannabis product with 9.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} tetrahydrocannabinol (“THC”) and 2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} cannabidiol (“CBD”) that is being developed as a prescription drug that will meet the FDA’s high bar for quality and manufacturing. The company’s goal is to be the first to achieve reimbursement from insurance companies for the cost of the prescription, which could prove to be a game-changer for would-be medical marijuana patients that cannot afford the drug.
Enhancing the Odds of Success
Tetra Bio-Pharma recently partnered with Sante Cannabis in Montreal to assist in developing its clinical trials. As a leading private medical marijuana clinic, the organization has years of experience in educating patients and ensuring the optimal benefits. The company aims to leverage this expertise to ensure that its clinical trials are properly designed to achieve desired outcomes while helping achieve the organization’s goal of lowering costs for patients.
“Our clinic has provided services to almost 2,000 patients referred by over 1,500 physicians across Québec,” said Erin Prosk, Director of Santé Cannabis. “It is clear that both the medical community and the Quebec patient population are in desperate need of information about the potential benefits and risks of medical cannabis treatments … Of the 2,000 patients that we have seen, there is not one who is not burdened by [the cost of medical marijuana].”
These efforts are supported by an exceptional Scientific Advisory Board comprised of experts in clinical research, pain management, cancer, and neurological product drug development. Recently, the company expanded the board to include Dr. Gilles Chamberland, MD,FRCPC (no relation to Dr. Guy Chamberland) who 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 marijuana.
Looking Ahead
Tetra Bio-Pharma Inc. (CSE: TBP) (OTC: GRPOF) continues to advance towards clinical trials for its PPP001, which aims to become the first dried marijuana prescription drug. After a successful pre-IND meeting and new partnership with the Sante Cannabis clinic, the company has assembled the right conditions to properly execute a clinical trial, significantly lower the cost of medical marijuana for patients, and unlock significant value for shareholders.
For more information, visit the company’s website
- Published in Bio technology, Blog, Tetra Bio Pharma