Deep South (DSM:tsxv) agrees to acquire 100 of Haib Copper Deposit
Deep-South Resources Agrees To Acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Of Haib Copper Deposit In Namibia In Partial Share Deal
– Momentum Public Relation –
Press Release: February 15, 2017
Deep-South Resources Inc. (“Deep-South” or “the Company”) (TSX-V: DSM) is pleased to announce that it has entered into an agreement to acquire from Teck Namibia Ltd. (“Teck”), a wholly owned subsidiary of Teck Resources Limited, the remaining 70{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of Haib Minerals (Pty) Ltd. (“Haib Minerals”) that it does not own in exchange for, among other things, 13.6 million common shares of Deep-South. Haib Minerals holds the Exclusive Prospecting Licence 3140 (“EPL 3140”), which hosts the Haib copper project (“Haib” or “the Property”) situated in the south of Namibia. At closing, Deep-South will hold 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of Haib Minerals. At closing, in addition to its current shareholding, Teck will hold 17,776,667 of the common shares of Deep-South, representing about 35{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Company’s share capital based on the common shares currently outstanding.
In addition to the Deep-South shares to be issued to Teck, Deep-South shall:
– pay $400,000 to Teck in accordance with the following schedule:
– First anniversary of the agreement: $200,000
– Second anniversary of the agreement: $200,000
- –Teck shall hold a pre-emptive right to participate in any financing of Deep-South as long as Teck holds over 5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of Deep-South’s outstanding common shares;
- –Teck shall be granted a 1.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} NSR. Deep-South shall have the option to buy back 1/3 of the NSR in consideration for $ 2 million;
- –If Deep-South sells or options the Property or a portion of the Property during the 36 months following closing, Teck shall receive 30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the sale gross proceeds if the sales occurs during the first 24 months after the closing and shall receive 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the gross proceeds if the sale occurs between the 24th and 36th months after closing;
- –Teck shall be entitled to a production bonus payment that will be declared at the time the company takes the decision to start mine development. Half of the bonus shall be paid upon the decision to start mine development and the second half shall be paid upon commencement ofcommercial production. The bonus value is scaled with the value of the Capital expenditures as follows:
(All amounts C$ millions)
Development Expenditures | Cash Payment |
$0 – $500 | $5.0 |
$501 – $600 | $6.7 |
$601 – $700 | $8.3 |
$701 – $800 | $10.0 |
$801 – $900 | $11.7 |
$901 – $1,000 | $13.3 |
$1,001 and over | $15.0 |
- –Teck’s shareholding will be topped-up post-closing (if necessary) so that Teck holds 35{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of Deep-South’s share capital based on the outstanding common shares as of the closing date.
The agreement and shares issuance are subject to approval by the TSX Venture Exchange. This transaction constitute a fundamental change pursuing to the policies of the TSX Venture Exchange.
Mr. John Akwenye, Chairman of Deep-South stated, “We are delighted with this transaction. Haib is the largest known porphyry copper deposit in Africa and is situated in an ideal location adjacent to modern infrastructure and in one of the best mining countries in Africa. In becoming our largest shareholder, Teck is a strong shareholder to have in support of the Company. Haib has substantial exploration potential and is a quality asset that adds strong value for our shareholders.”
About the Haib Copper Project:
The Haib project is a large copper-molybdenum porphyry deposit located in the Karas region of southern Namibia, 8 km from the Orange River and the South African border.
The deposit, discovered in the 1950’s, has seen over 50,000 metres of drilling in the 1970’s by companies such as Rio Tinto and Falconbridge Ltd.
Since 2010, Teck Namibia has completed over 14,000 metres of drilling with results such as: 121 m @ 0.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu, 494 m @ 0.36{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu and 30 m @ 0.81{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu.
A report by Behre Dolbear, completed in 1996, has estimated a Historical Estimate at Haib in a range presented in the table below:
Haib Historical Estimate – Behre Dolbear / GSM | ||||||||
Cut-off
({92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}Cu) |
GFM Model | Behre Dolbear’s Model | ||||||
Kriging | Inverse Distance Squared | Nearest Neighbour | ||||||
Million Tonnes | Grade {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu | Million Tonnes | Grade {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu | Million Tonnes | Grade {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu | Million Tonnes | Grade {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu | |
0.1 | 1350 | 0.23 | 1353 | 0.23 | 1331 | 0.23 | 1184 | 0.25 |
0.2 | 730 | 0.28 | 739 | 0.29 | 726 | 0.29 | 630 | 0.34 |
0.3 | 230 | 0.37 | 244 | 0.37 | 262 | 0.38 | 292 | 0.46 |
(GFM and Behre Dolbear models used the Kriging method as the basis for their estimate calculations. Kriging is a statistical estimation technique widely used for porphyry deposits. The Inverse Distance Squared and Nearest Neighbour methods, were used by Behre Dolbear for validation of the Kriging method estimates. Behre Dolbear report was produced from a geostatistical block model completed in 1996 by Great Fitzroy Mineral NL (“GFM”)).
The Historical Estimate comprised principally the compilation and verification of all the drillhole data incorporating all available data to the end of the Rio Tinto Zinc programme completed in 1975 and comprising over 50,000 metres of drilling, assays and survey data.
The estimates of tonnages and grades quoted in this report were prepared prior to publication of National Instrument 43-101 in 2001 and are considered as Historical Estimates. The historical grades and resources terminology from the original historical reports are to be used only as a reference and should not be considered as a current mineral resource under NI 43-101 but are to be considered as Historical Estimates as per the NI 43-101 Rules and Policies.
P & E Walker Consultancy (“The consultant”), were engaged to prepare a technical review of all the historical data and reports and to act as Qualified Person. The Consultant did not have the mandate to classify the Historical Estimate as current mineral resource under NI 43-101. Deep-South is not treating the Historical Resource as a current mineral resource under NI 43-101.
P & E Walker Consultancy has prepared a technical review of all the historical data and reports. The NI 43-101 qualification report can be found on SEDAR at www.sedar.com.
Peter Walker B.Sc. (Hons.) MBA Pr.Sci.Nat. is the author of the 43-101 qualifying report and is responsible for the technical part of this press release, and is the designated Qualified Person under the terms of National Instrument 43-101.
About Deep-South Resources Inc.
Deep-South Resources Inc. 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. Deep-South growth strategy is to focus on the exploration and development of quality assets, in significant mineralized trends, close to infrastructure, in stable countries.
- Published in Deep South Resources Inc., Mining, News Home
Top 3 Most Attractive Investment Subsets Of The Cannabis Industry
Top 3 Most Attractive Investment Subsets Of The Cannabis Industry
The cannabis industry is expected to reach $50 billion in size by 2026, according to Cowen & Co., making it one of the fastest growing industries in the world. Not surprisingly, cannabis stocks have handily outperformed the market with the Marijuana Index more than doubling over the past year compared to just 24{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} for the S&P 500 index. Investors have taken a growing interest in the industry as legalization has spread across North America.
In this article, we will look at three subsets of the cannabis industry that investors may want to consider for the best risk-adjusted returns.
Licensed Producers
Canada has legalized both medical and recreational cannabis on a federal level. Under the so-called AMCPR, licensed producers have the unique right to legally grow and process dried medical marijuana, cannabis oils, edibles, and other derivatives. These products are sold to registered patients and customers through a mail order process, which makes these companies the most pure-play opportunities for investors in the cannabis industry.
The largest licensed producer is Canopy Growth Corp. (TSX: CGC) (OTC: TWMJF), but emerging producers like Emerald Health Therapeutics Inc. (TSX-V: EMH) (OTC: TBQBF) are well-positioned to capture a piece of the market. The latter recently signed a letter of intent to lease up to 32 acres of land in Metro Vancouver, BC, while completing a 100,000 square foot expansion in two phases that will increase its capacity to about 10,000 kilograms per year.
Finally, aspiring licensed producers like Maple Leaf Green World Inc. (CSE: ML) (OTC: MPEFF) and Invictus MD Strategies Inc. (OTC: IVITF) represent opportunities for investors to gain exposure to Canada’s cannabis industry at lower valuations. Maple Leaf also provides investors with exposure to California’s medical marijuana market, while Invictus MD Strategies owns several related businesses that provide diverse exposure to the industry.
Pharma- & Nutraceuticals
Pharmaceutical companies are notorious for generating hefty profits with high barriers to entry for direct competition. The federal government may consider cannabis a Schedule I Controlled Substance with ‘no currently accepted medical use’, but a growing body of research suggests that components of the plant could be helpful in treating everything from childhood epilepsy to pain and nausea in patients undergoing chemotherapy and other cancer treatments.
GW Pharmaceuticals plc (NASDAQ: GWPH) may be the most popular name in the cannabis-related pharmaceuticals space, but GB Sciences Inc. (OTC: GBLX), InMed Pharmaceuticals Inc. (CSE: IN) (OTC: IMLFF), and Tetra Bio-Pharma Inc. (OTC: GRPOF) are among a handful of other companies with an established presence in the space. These companies are taking various unique approaches to unlock real value for investors.
Other companies are focused on over-the-counter versions of cannabinoid therapies. For example, Medical Marijuana Inc. (OTC: MJNA) provide pure over-the-counter cannabidiol (“CBD”) hemp oils to consumers around the world. The company’s 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} hemp-based, THC-free CBD oil products have enabled it to obtain regulatory approvals for importation into countries like Mexico and Brazil, along with the U.S. territory of Puerto Rico.
Functional Foods
Functional foods represent a third industry subset that may be attractive to investors given the increasing interest in energy shots, protein powders, and related products. Cannabis may seem incompatible with these types of products on the surface, but hemp has many attributes that make it an exceptional ingredient for functional foods. For example, the substance is high in protein, provides many antioxidants, and contains potentially-beneficial CBDs.
Lexaria Biosciences Inc. (OTC: LXRP) and NutraFuels Corp. (OTC: NTFU) have focused on increasing the bioavailability of CBDs in functional foods and supplements. Lexaria’s lipid encapsulation technology helps ensure that CBDs are fully digested, while NutraFuels’ oral sprays help CBDs immediately reach the bloodstream through the mouth. These companies are developing many CBD-based products through partnerships and licensing agreements.
Laguna Blends Inc. (OTC: LAGBF) is another company that’s working closely with Isodiol – a private company focused on manufacturing hemp-based CBD oils – to develop a line of CBD-based functional foods and beverages.
Looking Ahead
The cannabis industry has evolved over the past couple of years to include companies in many different sectors. Consulting firms and grow light providers may be the most obvious plays, but investors may want to consider licensed producers, pharmaceutical companies, and functional food makers as alternatives in the space. These companies could offer investors unique opportunities to capitalize on a market projected to be worth $50 billion by 2026.
By Kelly Weimar
- Published in Blog, Medical Marijuana, News Home, Tetra Bio Pharma
How smart cities are building the future
How smart cities are building the future
Smart cities are coming.
Municipal governments around the globe are employing big data and Internet-of-Things applications to improve many aspects of daily life. Major tech companies like IBM, Cisco and Microsoft are in on the trend, and are battling for a slice of the $15 billion that’s projected to be spent on software by 2021, according to Juniper Research.
Urban residents accounted for 54 percent of the total global population in 2014, according to the World Health Organization, and that figure was projected to grow nearly 2 percent each year until 2020.
That growth means that cities are facing increasing challenges, including congested transport and the need to supply sufficient energy to meet demands of growing populations.
Juniper Research noted a city’s ability to provide renewable energy, alongside its means to efficiently manage energy storage will be increasingly important.
“Right now North America and China are leading the way, although Trump is likely to dampen what is already slowing U.S. investment,” Steffen Sorrell, principal analyst at Juniper Research said.
President Donald Trump has supported fossil fuel production and repeatedly denied climate change.
“Who would have thought 10 to 15 years ago, that the Far East and China would be leading the globe in smart energy efforts by 2020?” Sorrell said.
Still, many challenges remain for cities on their way to becoming “smart.” Major upfront costs for both infrastructure and software are propelling many governments to turn to public-private partnerships.
CNBC looks at three cities working on becoming “smart”:
Singapore
The city-state might be the “smart” gold-standard for its extensive effort to collect data on daily living. Its Smart Nation program was launched in 2014 and collects data on many facets of life.
Data is collected in a platform, Virtual Singapore, which helps the government understand how the city is functioning in real-time and potentially predict how crowds might react in an explosion or how infectious disease might spread.
Dubai
As part of the Smart Dubai initiative, the government has rolled out more than 50 smart services from 22 government entities. It allows people to access everything on one app, Dubai Now.
App users can do everything from pay a speeding ticket, pay an electric bill, renew vehicle registration and track the status of a visa.
Barcelona
The Spanish city is working to rethink its energy costs, with a goal of saving billions of dollars in the process, according to Juniper.
Using motion sensors, Barcelona has implemented smart lighting in its street lights which dims and brightens depending on activity by cars or pedestrians. The city offers systems that allow drivers to know exactly where free public parking spots are available at any given time.
- Published in Blog, Imex Systems, News Home, Technology
Cruz Capital to change name to Cruz Cobalt
Cruz Capital to change name to Cruz Cobalt
Mr. James Nelson reports
CRUZ PROPOSES NAME CHANGE TO CRUZ COBALT CORP.
Cruz Capital Corp. is proposing to change the company’s name to Cruz Cobalt Corp. to accurately reflect the company’s focus on high-grade North American cobalt prospects. The name change is pending exchange approval.
Cruz president James Nelson stated: “By changing the name to Cruz Cobalt Corp., management feels it will accurately reflect the company’s focus on cobalt. Cruz’s advantage is that we have multiple high-grade cobalt projects in North America and have been enjoying first mover status in the space by being able to acquire these high historical grade cobalt projects before the recent rush into the sector. We have cash on hand and plan to have a very active work season commencing shortly. Management feels that cobalt prices are starting a significant price climb, similar to the move that lithium enjoyed over the past two years. Cobalt prices closed at a new five-year high yesterday and we are extremely optimistic about the short- and long-term growth drivers on Cruz Cobalt Corp.”
On Feb. 7, 2017, the company also reported it is now fully DTC eligible on the U.S. markets. Being fully DTC eligible will now enable U.S. brokerage firms to clear Cruz shares in their home market not via the Canadian market therefore creating a much more transparent and easily accessible trading situation for the U.S. market.
“Cruz employed early mover advantage as Cruz has been able to acquire, what we feel is one of the best collections of 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, according to government mineral files, returned cobalt grades of 13 per cent on the 900-acre Coleman cobalt prospect and 10.5 per cent cobalt on the 900-acre Johnson cobalt prospect. The 5,500-acre Hector cobalt prospect was a past-producing cobalt mine and the 1,480-acre Bucke cobalt prospect returned cobalt grades of 13 per cent. 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 and Cruz is well positioned to take full advantage of this. We plan 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,” stated Mr. Nelson.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Cruz Cobalt, Mining, News Home
Tetra (TBP:CSE), IntelGenx to develop cancer-pain-relief drug
Tetra Bio-Pharma and IntelGenx Announce the Signing of a Term Sheet for the Development and Commercialization of a Dronabinol XL Tablet
– Momentum Public Relations –
Press Release: February 9th, 2017
Tetra Bio-Pharma Inc. (“Tetra“) (CSE:TBP)(CSE:TBP.CN)(OTC PINK:GRPOF) and IntelGenx Corp. (“IntelGenx”), (TSX VENTURE:IGX)(OTCQX:IGXT), today announced the signing of a binding term sheet for the development and commercialization of a drug product containing dronabinol. Under the binding term sheet, Tetra will have exclusive rights to sell the product in North America with a right of first negotiation for outside the U.S. and Canada. The U.S. cancer pain market is expected to reach $5 billion in 2018.
Per the Binding Term Sheet, Tetra will make a non-refundable exclusive negotiation payment to IntelGenx, an upfront payment along with set milestone payments based on the completion of an efficacy study, approvals from FDA and Health Canada and launching of the product.
IntelGenx will be responsible for the research and development of the product, including clinical studies and will develop the product as an oral mucoadhesive tablet based on its proprietary AdVersa® controlled-release technology. Tetra will be responsible for funding the product development, and will own and control all regulatory approvals, including the application and any other marketing authorizations. Tetra will also be responsible for all aspects of commercializing the drug product.
“We are pleased to partner with Tetra Bio-Pharma to enter the lucrative cannabis market,” said Dr. Horst G. Zerbe, President and CEO of IntelGenx. “We will work with Tetra to bring this much needed THC product to North American patients suffering from anorexia and cancer chemotherapy-related pain. This announcement is a further testament to the strength of IntelGenx’ scientists who continue to execute the development of innovative products using our advanced oral delivery platforms.”
PhytoPain Pharma Inc., a subsidiary of Tetra will be submitting a request for a Type B pre-IND meeting with the Division of Anesthesia, Analgesia, and Addiction Products (DAAAP), Center for Drug Evaluation and Research (CDER), USA Food and Drug Administration (FDA) to discuss the marketing requirements for Dronabinol AdVersa® Mucoadhesive tablet product. Tetra intends on developing Dronabinol AdVersa® Mucoadhesive tablet as an analgesic for the management of Breakthrough Cancer Pain. Once the safety and efficacy is demonstrated in patients, this drug product will be eligible for approval under the 505(b)(2) New Drug Application (NDA) path commented Dr. Guy Chamberland, Chief Scientific Officer and Regulatory Affairs. The 505(b)(2) pathway represents a significant reduction in time and cost to market commented Dr. Chamberland. He added that the company will also be meeting with the Therapeutic Product Directorate, Health Canada to discuss the clinical development and marketing requirements.
Dr. Chamberland further commented that there are many clinical problems associated with the use of currently available form of Dronabinol in patients with anorexia and cancer chemotherapy. It has been demonstrated that psychoactive drugs exert their euphoria, and other psychoactive effects, when the blood levels of the drug rapidly increase. The pharmacokinetic profile of THC and its metabolite significantly affect the abuse potential of Dronabinol. The significant advantage of the Mucoadhesive technology is the controlled-release of THC resulting in a longer time release of the drug avoiding a rapid increase in the blood. There is also an improved bioavailability and potentially reduced gastro-intestinal side effects making the sustained-release THC product a promising alternative in the battle for the reduction of opioids in patients with chronic pain.
About IntelGenx:
IntelGenx is a leading oral drug delivery company primarily focused on the development and manufacturing of innovative pharmaceutical oral films based on its proprietary VersaFilmTM technology platform. Established in 2003, the Montreal-based company is listed on the TSX-V and OTC-QX.
IntelGenx highly skilled team provides comprehensive pharmaceuticals services to pharmaceutical partners, including R&D, analytical method development, clinical monitoring, IP and regulatory services. IntelGenx state-of-the art manufacturing facility, established for the VersaFilmTM technology platform, supports lab-scale to pilot and commercial-scale production, offering full service capabilities to our clients. More information is available about the company at: www.intelgenx.com.
About Tetra Bio Pharma:
Tetra Bio-Pharma is a multi subsidiary publicly traded company (CSE:TBP)(CSE:TBP.CN)(OTC PINK:GRPOF) engaged in the development of Bio Pharmaceuticals and Natural Health Products containing Cannabis and other medicinal plant based elements.
Tetra Bio Pharma is focused on combining the traditional methods of medicinal cannabis use with the supporting scientific validation and safety data required for inclusion into the existing bio pharma industry by regulators physicians and insurance companies. More information is available about the company at: www.tetrabiopharma.com.
The Canadian Securities Exchange (“CSE”) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
- Published in Medical Marijuana, News Home, Tetra Bio Pharma
Sage (SGX:tsxv) Drills Onaman and Clavos
Sage Drills Onaman and Clavos
– Momentum Public Relations –
Press Release: February 8, 2017
Sage Gold Inc. (the “Company”) (TSX VENTURE:SGX) is pleased to announce the commencement of a drilling program at Sage’s Onaman property in northwestern Ontario. This program is being carried out simultaneously with that underway on the Clavos gold property in Timmins announced on January 19, 2017.
With a history of episodic exploration activity dating back several decades, the Onaman property hosts numerous historical mineralized zones and occurrences that have been partly delineated to date. Hosted in a sequence of hydrothermally altered and tectonized mafic through felsic volcanics and derived volcaniclastics, the Onaman property displays the main features of a typical volcanogenic massive sulphide (“VMS”) system, and is consequently considered to host significant exploration potential. Sage will complete a preliminary program comprising 1,000 meters, drilled into the historical Headway zinc-silver-lead±gold deposit.
As discussed in the Company’s recent Onaman news release, a reassessment of the Lynx deposit – the historical focus of Sage’s exploration efforts on the property, has established that it is a “footwall feeder zone” of the type typically found underlying VMS deposits. The fact that the Headway lies immediately above it where the main mineralized body in a VMS system is typically found renders this historical mineralized zone significant from an exploration perspective.
Nigel Lees, President and CEO, commented: “The Headway and Lynx deposits, hosting a combination of base and precious metals between them, are two important parts of the as yet incomplete Onaman story. This current drilling program will help to further unravel it. It nicely compliments Sage’s ongoing drilling program at the company’s Clavos gold deposit where two holes have been completed between the main mine trend and the 960 zone.”
The juxtaposition of the Lynx deposit in the underlying footwall mafic volcanics, and the Headway deposit in the overlying mixed volcanic sequence (named the “In Between Zone” or “IBZ”), is suggestive of the typical mineralogical zoning seen in VMS systems where copper-dominant mineralization is found lower in the system and zinc-dominant mineralization is found in the upper parts of the system. Both deposits feature a hydrothermal alteration assemblage typical of VMS systems. Whereas both the Lynx and Headway are limited in size and grade to the extent that they have been drilled, to date, the exploration potential of the immediate area given the juxtaposition of these features is considered to be significant.
As a first step toward vectoring in on previously untested targets in this area, Sage is drilling a number of holes into the Headway deposit at and near holes drilled by Headvue Mines in 1951. Historical drilling over a strike lengthy approaching 1 kilometre intersected numerous, mostly narrow intervals of zinc-silver-lead±gold mineralization – up to a few meters wide and ranging mostly in the single digits for zinc and lead and up to and exceeding 100 g/t silver, along with wider intervals up to and exceeding ten meters or more of lower grade zinc-silver-lead±gold mineralization averaging in one-tenth the grade range. Sage geologists believe that this zone may be near a zone of focused hydrothermal discharge and associated metal concentration, and that the lithological, alteration, mineralogical and geochemical data derived from detailed analyses of fresh drill core may provide critical clues enabling them to vector in on previously undetected VMS targets in the immediate area.
The Company will provide additional information and updates regarding its progress at the Onaman and Clavos properties on a timely basis.
The technical content of this news release has been reviewed and approved by Sage’s consulting geologist, Avrom E. Howard, MSc, PGeo, who is a Qualified Person (“QP”) as defined in National Instrument 43-101.
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, 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned, in Timmins and the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Onaman 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.
Cruz Capital is DTC eligible on U.S. markets
Cruz Capital is DTC eligible on U.S. markets
Mr. James Nelson reports
CRUZ CAPITAL CORP IS NOW FULLY DTC ELIGIBLE
Cruz Capital Corp. is fully DTC (Depoitory Trust Company) eligible on the U.S. markets. Being fully DTC eligible will now enable U.S. brokerage firms to clear Cruz shares in the home market not via the Canadian market therefore creating a much more transparent and easily accessible trading situation for the U.S. market.
Cruz president James Nelson stated: “Having the DTC complete will enable our USA shareholders a much more efficient market to access. Cruz continues to expand our cobalt assets at a time when cobalt prices have moved to five-year highs. Cruz enjoyed early mover advantage as Cruz has been able to acquire what we feel is one of the best collections of cobalt prospects in North America, before the majority of the recent cobalt entrants were in the space. Cruz’s four separate Ontario cobalt prospects, according to government mineral files, returned cobalt grades of 13 per cent on the 900-acre Coleman cobalt prospect and 10.5 per cent cobalt on the 900-acre Johnson cobalt prospect. The 5,500-acre Hector cobalt prospect was a past-producing cobalt mine and the 1,480-acre Bucke cobalt prospect returned cobalt grades of 13 per cent. 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 and Cruz is well positioned to take full advantage of this. We plan 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.”
About Cruz Capital Corp.
Cruz is actively engaged in acquiring and developing high-grade cobalt projects in politically stable, environmentally responsible and ethical mining jurisdictions. Cruz has already acquired several high-grade cobalt projects across North America. Seven cobalt projects are located in Canada and one in Idaho. The goal of the company is to make Cruz the foremost cobalt project generator and developer on the TSX Venture Exchange.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Cruz Cobalt, Mining, News Home
IWS Announces Partnership with Prospect Silicon Valley
IWS Announces Partnership with Prospect Silicon Valley
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 7, 2017) – International Wastewater Systems Inc. (the “Company”) (CSE:IWS)(CSE:IWS.CN)(FRANKFURT:IWI)(OTC PINK:INTWF) is pleased to announce a partnership with Prospect Silicon Valley, a California-based urban technology accelerator (“Prospect Silicon Valley”).
Prospect Silicon Valley focuses on the commercialization of urban technologies for sustainable, smart cities. They bring government, corporations and academia together with pioneering companies to accelerate innovations in transportation, energy and buildings.
Multi-partner projects are developed by Prospect Silicon Valley to bring next-generation approaches to the fore, and to assist early adopters in public sector applications. Prospect Silicon Valley has worked successfully with local governments in California to pilot advanced urban technologies, resulting in over 150 million lbs. of CO2 reductions committed over the next ten years.
Through this partnership, IWS will have access to Prospect Silicon Valley’s network of property owners, trade groups and strategic partners in the California buildings sector. IWS will work jointly with Prospect Silicon Valley in the planning and execution of the Company’s commercialization strategy, targeting early adopters of IWS’s wastewater heat exchange technology in the California market.
Director Resignation
The Company further announces that John Williams has resigned from the Company’s Board of Directors for personal reasons. Mr. Williams will remain an advisor to IWS.
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. is a world leader in thermal heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings. IWS is publicly traded in Canada (CSE:IWS), the United States (OTC PINK:INTWF) and Germany (FRANKFURT:IWI).
The CSE does not accept responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION
-
Yaron Conforti
CFO and Director
(416) 716-8181
yaron.conforti@iws-sharc.com
- Published in Energy, Green Technology, International Wastewater Systems, News Home, Technology
Namaste Signs Exclusive Distribution Agreement for Nimbin Products
Namaste Signs Exclusive Distribution Agreement for Nimbin Products
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 7, 2017) – Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N)(CSE.N.CN)(FRANKFURT:M5BQ) is pleased to announce that it has entered an exclusive distribution agreement (the “Agreement”) with NimbinVap Company (“NimbinVap”) for the international and domestic sale of the Nimbin line of vaporizers and accessories. This Agreement represents one of multiple exclusive agreements the Company intends to pursue and is testament to the unique distribution network and level of service the Company is known for delivering.
Nimbin Line of Products
The Nimbin V4.3 is a multi-tool portable device. The Nimbin V4.3 operates in eight different functions, including vaporizer mode, pipe mode, water pipe mode, hooka mode, joint holder and chillum mode. The Nimbin V4.3 is a great addition to any vaporizer collection and is available at an attractive price point compared to other vaporizers offering much less functionality. The Nimbin V4.3 is also unique in that it is not battery but flame operated. As part of its marketing strategy for NimbinVap, Namaste carries the Nimbin full experience package, which includes the Nimbin V4.3 vaporizer with a host of accessories.
Term of the Agreement
Pursuant to the term of the Agreement, NimbinVap has provided Namaste exclusivity over the sale of the Nimbin line of products. The exclusivity shall apply to all countries outside Mexico. In exchange for exclusivity, Namaste has committed to use reasonable commercial efforts to build the Nimbin brand and will provide support in terms of managing advertising, shipping, customer service and support, and warranty and return functions.
Management Commentary
Sean Dollinger, President and CEO of Namaste, comments: “We are very pleased to be working with NimbinVap to bring their products to market. The Nimbin V4.3 is one of the sleekest and most versatile portable devices on the market. The product has historically been a strong selling product for Namaste. Our merchandising team will continue to expand our business through exclusive distribution rights and will be attending the upcoming Champs Show in Las Vegas, where we will be meeting with multiple manufacturers to discuss similar arrangements.”
About NimbinVap Company
NimbinVap Company was founded by industry veterans with collectively over 25 years of experience the in metal mechanical industry, pharmaceuticals, pneumatics, heat-exchangers and of course vaping and smoking the best plant conceived by the mother earth. As engineers with such experience, the company decide to develop one single device capable of performing all the existing consumption methods by using common and standard items such as plastic bottles, aquarium hoses, etc. The objective was to create the characteristics of the most advanced vaporizers, bongs, pipes, hookahs, water pipes, but ready for anywhere, anytime and without batteries or electricity. The process to design something healthy, small and cheap with such features was hard and it took long time and several designs, but finally, it became a reality. The company and products are inspired by the Nimbin village of the Northern Rivers area of New South Wales, Australia. The region is known for the prominence of its environmental initiatives such as permaculture, sustainability, self-sufficiency as well as its cannabis counterculture.
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 link below:
FORWARD LOOKING INFORMATION
This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions. Namaste assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to several factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com.
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release.
CONTACT INFORMATION
-
Namaste Technologies Inc.
Sean Dollinger
Chief Executive Officer
+ 1 (786) 389-9771
info@namastevapes.com
www.namastetechnologies.com
- Published in Medical Marijuana, Namaste Technologies, News Home
Wastewater Heat Recovery On the Rise
Wastewater Heat Recovery On the Rise
WASTE-TO-ENERGY is an idea about to hit the big-time.
What used to be a suite of technologies mostly employed by the poor in developing countries is now being eagerly revamped for distribution across North America by waste-to-energy start-ups hoping to capitalize on the fantastic quantities of waste we produce.
We produce food waste that can be used to create compost for agriculture.
We produce solid waste that can be used to create biogas to meet our energy needs.
We even produce wastewater, with a heating potential that – until recently – no one had really contemplated harnessing.
There are two reasons why not:
- It’s hard to filter the raw sewage well enough that it won’t plug the heating pipes.
- Raw sewage is gross.
Lynn Mueller, President of Vancouver-based International Wastewater Systems, has found a solution to the first problem. As for the second, he thinks the return on investment is going to be enough to prevent clients from holding their nose.
With approximately 350 billion kilowatt-hours of heat energy flushed down drains in the United States alone each year, he’s probably right.
Wastewater heat recovery works just like a geothermal heat pump. The heat from water washed down sinks and toilets is captured by a heat pump, which applies the heat to the clean water entering the building.
Wastewater isn’t particularly warm – only about 15.6 degrees – but it’s still much warmer than the cold, clean water that must be heated somehow. The waste heat is able to do a bunch of the heavy lifting. And since there are basically endless quantities of it, serving no other purpose, very high heating efficiencies are possible.
It’s the efficiency that makes waste-to-energy such an appealing financial prospect. By definition, waste is just a burden on the system. So anything useful that comes out of it is a bonus. Mueller claims that his system operates “at 500 per cent efficiency,” which is quite good by any standard.
“Waste recovery seems like such a novel idea,” says Mueller, “but [the waste] is available everywhere.”
Solid waste energy recovery is also making waves across Canada and the USA. More than 80 municipal waste-to-energy facilities are in operation across North America, with more coming online all the time. A typical facility can power over 30,000 homes, which is an appealing economic benefit to go along with the ninety per cent reduction in waste processing. Edmonton’s plant is currently producing 38 million litres of methanol annually.
Like any idea on the rise, waste-to-energy is creating winners and losers. In danger of slipping into the latter category is Plasco Energy, who, at the time of this writing, were expected to miss the final deadline to secure financing for a full-scale waste-to-energy plant in Ottawa.
Although small-scale waste conversion systems do exist, most of our established technologies work best with economies of scale. Thus, municipalities have found themselves taking the lead on implementing waste-to-energy systems.
In Vancouver, Mueller has been working closely with the municipal government to install his wastewater heating systems in everything from apartment buildings to hospitals and prisons. Although cities are typically a little territorial about their infrastructure, the appeal of heat and energy from nothing may be softening that stance around the country: “Their motivation is to make a greener city. Vancouver is now at the forefront of recycled heat.”
With luck, others will soon follow suit.
- Published in Energy, Green Technology, International Wastewater Systems, News Home