Source: ETF Securities
Mobi724 Global to hold 2016 results, update webinar
Mobi724 Global to hold 2016 results, update webinar
Mobi724 Global Solutions Inc. hereby invites its current shareholders as well as the public to attend a webinar presided by Marcel Vienneau, chief executive officer of Mobi724, to provide a management update and to answer questions further to the filings of the audited annual financial statements for the year ended Dec. 31, 2016, and the management discussions and analysis.
Please register for management update on May 1, 2017, 2:30 p.m. EST. After registering, you will receive a confirmation e-mail containing information about joining the webinar.
About Mobi724 Global Solutions Inc.
Mobi724 offers a unique and fully integrated suite of payment and digital marketing solutions with a combined EMV (EuroPay, MasterCard and Visa) payment, card-linked offers and digital marketing platform that works on any card and any mobile device.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
Biggest U.S. Companies Setting More Renewable-Energy Targets
Biggest U.S. Companies Setting More Renewable-Energy Targets
-
Corporations bought 2.5 gigawatts of clean energy last year
-
Fortune 500 companies saving $3.7 billion with clean power
Almost half of the biggest U.S. companies have established clean-energy targets for themselves, according to a report Tuesday from sustainable investors and environmental groups including the World Wildlife Fund.
It’s not just the biggest U.S. companies — 44 percent of the smallest 100 members of the Fortune 500 have also set goals, up from 25 percent in 2014, and 48 percent of the entire list.
Many are finding that renewable energy isn’t just cleaner, it’s also often cheaper. About 190 Fortune 500 companies collectively reported about $3.7 billion in annual savings, according to Power Forward 3.0, a report by WWF, Ceres, Calvert Research & Management and CDP.
“We’re not talking about anecdotal information anymore,” Marty Spitzer, a WWF senior director of climate and renewable energy in Washington, said in an interview. “We’re talking about large, large savings.”
Potential savings and sustainability goals prompted corporations to buy almost 3.7 gigawatts of power generated by clean-energy projects in 2015, and another 2.5 gigawatts last year, almost all from wind and solar, according to Bloomberg New Energy Finance.
But it’s no longer just tech companies. About 63 percent of Fortune 100 companies have clean-energy targets, according to the report. Such targets include commitments to reduce greenhouse-gas emissions and increase energy efficiency and renewable energy.
The 190 Fortune 500 companies reported emission reductions equivalent to mothballing 45 coal-fired power plants for a year, according to the report. It also found that 23 of Fortune 500 companies have 100 percent renewable-energy targets.
By Brian Eckhouse
- Published in Bio technology, Blog, Energy, Green Technology, International Wastewater Systems, News Home, Technology
Warren Buffett Hates Gold… But Here’s Five Reasons You Need To Own It
Warren Buffett Hates Gold… But Here’s Five Reasons You Need To Own It
In a 1998 speech at Harvard, legendary investor Warren Buffett shared his thoughts on gold:
“[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again, and pay people to stand around guarding it. It has no utility.”
Buffett is correct—gold doesn’t produce earnings or pay dividends. There are, however, some good reasons gold should be an essential part of every investor’s portfolio.
#1: Real Interest Rates Are Still Negative
Even with the Fed raising nominal interest rates, real rates—that is, the nominal interest rate minus inflation—are still in negative territory. And real rates are what really matters to your portfolio.
In the first quarter of 2017, inflation averaged 2.57{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}.
Today, a one-year bank CD pays about 1.4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. Therefore, to keep all of your money in a bank account means to watch your purchasing power erode.
Of course, there are other options. You can put your money in U.S. Treasuries or dividend-paying stocks. However, with the 10-year Treasury yield hovering around 2.25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and the average dividend yield for a company on the S&P 500 at 2.33{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, you would still be in negative territory.
Gold is known as the yellow metal with no yield, but simple math tells us no yield is better than a negative one. In fact, real interest rates are a major determinate of which direction the price of gold moves in.
So, gold will protect your capital from the eroding forces of negative rates… and help it grow at the same time.
#2: The Dollar’s Value Has Collapsed
The U.S. dollar may be rising against other currencies like the euro and yen. Nonetheless, in the last 50 years, its purchasing power has fallen by 86{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}.
As this chart shows, keeping your savings in cash is a poor wealth-building strategy. On the other hand, gold has more than kept up with inflation. Since 1972—the first year private ownership of gold became legal again—the price of gold has increased by 2,400{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}.
#3: Gold Is Money
Why has gold retained its value while fiat currencies have fallen? It’s because gold is money.
2,000 years ago, Greek philosopher Aristotle theorized that any sound form of money must be: durable, portable, divisible, and have intrinsic value.
Gold has all these characteristics— that’s why it has proven to be a long-term store of value. Fiat currencies like the dollar cannot be considered money as they don’t have intrinsic value.
In other words, gold is payment in and of itself, but the dollar is only a promise to pay.
#4: Negative Correlation to Stocks and Bonds
The world’s largest asset manager, BlackRock, pointed out recently that in the last decade, the correlation between stocks and bonds has been at almost double its long-term average.
Therefore, a portfolio comprised of 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} stocks/40{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} bonds no longer offers investors adequate diversification. Sure, it’s great when markets are rising—but when the tide turns, that’s going to be a problem.
To keep all your eggs “out of one basket”—buy gold. Recently, the correlation between gold and the S&P 500 stood at its second-lowest level in over 30 years. That’s also the case with gold and bonds.
#5: No Counterparty Risk
Gold is one of the few assets that has no counterparty risk. What does that mean?
No counterparty risk means that once you have physical gold in your possession, you don’t depend on someone else to fulfill a contract or keep a promise for it to retain its value.
Stocks, bonds, ETFs—essentially all paper assets require another party to make good on their end of the deal. Physical gold’s value does not hinge on someone else’s obligation to pay.
Aside from being a long-term store of value and diversification tool, there’s another reason you should buy gold.
Bonus Round: A Profitable Portfolio
Since the beginning of 2017, gold is up over 10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, making it one of the best-performing assets of the year. And this is no anomaly.
Since late 2015, gold has outperformed the S&P 500 by 30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. In fact, gold has been the best-performing asset class since the turn of the millennium.
Not only will gold preserve your wealth and insulate your portfolio from market sell-offs, it can earn you a profit at the same time.
Given the negative real rates, a falling dollar, and heightened correlation between stock and bonds, gold should be an essential part of every investor’s portfolio today.
Get A Free Ebook On Precious Metals Investing
Before you buy physical gold, make sure to do your homework first. You’ll find everything you need to know in the definitive ebook, Investing in Precious Metals 101. Find out which type of gold to buy and which type to stay away from, how to spot scammers, where to securely store your gold, why pools aren’t safe places, and much more. Click here to get your free copy now.
By Stephen McBride
- Published in Blog, Canamex Resources Corp., Mining, News Home
Lithium supply to outweigh demand by 2018, cobalt to remain tight: CRU
Lithium supply to outweigh demand by 2018, cobalt to remain tight: CRU
Dublin (Platts)–26 Apr 2017 952 am EDT/1352 GMT
Lithium supply was expected to outweigh demand as early as next year, UK-based consultancy CRU’s Rebecca Gordon said Wednesday, while the cobalt market should remain tight well into the next decade on continued supply shortness.
While massive growth in battery demand was set to see consumption of both metals soar in coming years, new lithium supply was expected to match demand by 2018, reaching a peak of 25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of total supply by 2022, Gordon told a Minor Metals Trade Association meeting in Dublin.
“The 2016 lithium cost curve shows why prices had to rise so sharply,” Gordon said, referring to lithium carbonate and hydroxide spot prices of over $10,000/mt in 2017, having doubled in less than 12 months on rising expectations of a demand boom from battery metals and tightness in supply.
“By 2020, the picture has changed, with brine expansions and new hard rock production keep prices in check and $6,500-7,000 the new cost level.”
By that time, China’s brine resources in Tibet and Qinghai were expected to come online, reducing unit costs, while spodumene resources in Sichuan and lepidolite resources in Jianxi were “committed and probable”, Gordon said.
Even modest demand forecasts see annual lithium output growing to 500,000 mt by 2020 from around 200,000 mt currently.
BENCHMARK BATTERY PRODUCTION
According to Benchmark Mineral Intelligence’s Andy Miller, also speaking in Dublin, lithium-ion batteries developed in “gigafactories” around the world, such as Tesla’s in the US, were expected to top 175 GWh by 2020, up from around 30 GWh now.
Tesla has recently said it will reach total production by 2018, in which time it will produce more lithium-ion batteries than were produced worldwide in 2013.
With electric vehicle production expected to be around 500,000 cars per year by the end of the decade, Tesla alone will require all of current lithium production.
But the story is bigger than Tesla. Over 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of battery production in 2020 was expected in China, compared with around 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} in the US, Miller said.
“The lithium-ion industry is a China story,” Miller said, with Europe far behind.
Unlike CRU, Miller did not foresee supply outpacing demand in coming years and although he expected new spodumene supply to fill any deficit in the short term, prices should remain high on tightness.
The story for cobalt was similar, he said. Also a component in cathodes for lithium-ion batteries, prices have surged over 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} in the past 12 months on expectations of increased demand and supply tightness.
But whereas lithium supply has increased markedly in anticipation of greater demand, cobalt supply remained restricted.
Although traded on the London Metal Exchange, it is hard to access supply. Production is largely a byproduct of other metals such as nickel, so it is hard to get financing for projects based on cobalt prices, despite the recent spike.
The metal also comes nearly exclusively from the Democratic Republic of Congo, which brings with it significant supply risk, given issues around mining practice, including child labor.
CRU expected a deficit in both mined and refined cobalt supply this year and next and although stocks should be able to meet much of the increase in demand in the short term, new supply will be needed by 2020.
Artisanal supply was expected to play an important role, especially as a swing producer when supply is tight.
CRU has identified a number of processors located in the DRC around Kolowezi, Likasi and Lubumbashi, that sell concentrates believed to be derived from local small scale and artisanal operations, Gordon said.
Gordon estimated these produced around 10,500 mt of artisanal cobalt in 2015 and around 8,500 mt in 2016. She forecast around 10,000 mt this year.
At the same time, recycling remained a concern for both lithium and cobalt, accounting for a tiny proportion of refined supply currently.
With a 7-8 year life, electric vehicle battery recycling volumes should start to pick up after 2021 and producers such as Apple and Nissan have talked recently about the importance of battery recycling.
Both speakers agreed that more work was needed in terms of regulation or industry best practice in battery recycling to secure supply.
–George King Cassell, george.king.cassell@spglobal.com
–Edited by Dan Lalor, daniel.lalor@spglobal.com
- Published in Blog, King's Bay, Mining, News Home
Canamex closes acquisition of remaining Bruner interest
Canamex closes acquisition of remaining Bruner interest
Canamex Resources Corp. and Patriot Gold Corp. have closed the transaction whereby Canamex Resources has purchased Patriot Gold’s 30-per-cent working interest in the Bruner gold/silver mine for $1-million (U.S.) cash.
Patriot retains a 2-per-cent net smelter return (NSR) royalty on the Bruner properties, including any claims acquired within a two-mile area of interest around the existing claims. Additionally, Canamex has the option to buy down half of the NSR royalty retained by Patriot for $5-million (U.S.) any time during a five-year period following closing of the purchase and sale agreement.
Canamex’s chief executive officer, Mark Billings, commented: “This acquisition consolidates our 100-per-cent ownership stake in the greater Bruner property, and offers our shareholders greater leverage to the exploration upside on the property and an increase in the price of gold.”
Patriot Gold’s chairman, Bob Coale, said: “Consolidation of Patriot’s interest in the Bruner project exemplifies our corporate mission of finding partners to develop our projects while maintaining an interest in the properties through net smelter returns. We are looking forward to the continued success of the Bruner gold project.”
Greg Hahn, president and chief operating officer of Canamex, a certified professional geologist (No. 7122), is the qualified person under National Instrument 43-101 responsible for preparing and reviewing for Canamex the data contained in this press release.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Canamex Resources Corp., Mining, News Home
Anfield Resources, Inc. to Attend World Nuclear Fuel Cycle Conference in Toronto
Anfield Resources, Inc. to Attend World Nuclear Fuel Cycle Conference in Toronto
VANCOUVER, BC–(Marketwired – April 24, 2017) – Anfield Resources Inc. (TSX VENTURE: ARY) (OTCQB: ANLDF) (FRANKFURT: 0AD) (“Anfield” or “the Company”) is pleased to announce that it will be attending the World Nuclear Fuel Cycle conference in Toronto, located at the Delta Hotel on April 25-27, 2017. The conference will allow Anfield to meet with entities representing various parts of the nuclear cycle, including uranium production, uranium procurement, uranium trading, and uranium conversion.
About the World Nuclear Fuel Cycle conference
Organized by the Nuclear Energy Institute and the World Nuclear Association, the World Nuclear Fuel Cycle 2017 provides a top-level international forum for senior industry leaders to discuss the issues affecting the commercial nuclear fuel cycle today, with a focus on enhancing the economic competitiveness of the nuclear energy industry.
About Anfield
Anfield is an energy metals exploration, development and near-term production company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its energy metals assets. Anfield is a publicly-traded corporation listed on the TSX-Venture Exchange (ARY-V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield is focused on two production centres, as summarized below:
Arizona/Colorado/Utah – Shootaring Canyon Mill
A key asset in Anfield’s existing conventional uranium portfolio is the Shootaring Canyon Mill in Garfield County, Utah. The Shootaring Canyon Mill is strategically located within one of the historically most prolific uranium production areas in the United States, and is one of only three licensed uranium mills in the United States.
Anfield’s conventional uranium assets consist of mining claims and state leases in southeastern Utah, Colorado and Arizona, targeting areas where past uranium mining or prospecting occurred. Anfield’s conventional uranium assets include the Velvet-Wood Project, the Frank M Uranium Project, as well as the Findlay Tank breccia pipe. All conventional uranium assets are situated within a 125-mile radius of the Shootaring Mill.
Wyoming – Irigaray ISR Processing Plant (Resin Processing Agreement)
Anfield has also signed a Resin Processing Agreement with Uranium One wherein Anfield would process up to 500,000 pounds per annum of its mined material at Uranium One’s Irigaray processing plant in Wyoming. In addition, should Anfield sign uranium sales contracts, the Company can both buy and borrow uranium from Uranium One in order to fulfill some or all of its contracts.
Anfield’s ISR mining projects are located in the Black Hills, Powder River Basin, Great Divide Basin, Laramie Basin, Shirley Basin and Wind River Basin areas in Wyoming.
On behalf of the Board of Directors
ANFIELD RESOURCES INC.
Corey Dias, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Safe Harbor Statement
THIS NEWS RELEASE CONTAINS “FORWARD-LOOKING STATEMENTS”. STATEMENTS IN THIS NEWS RELEASE THAT ARE NOT PURELY HISTORICAL ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS “ESTIMATE,” “ANTICIPATE,” “BELIEVE,” “PLAN” OR “EXPECT” OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH MINERAL EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY’S MOST RECENT ANNUAL AND QUARTERLY REPORTS AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH SEEKING THE CAPITAL NECESSARY TO COMPLETE THE PROPOSED TRANSACTION, THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY’S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY WILL BE ABLE TO COMPLETE THE PROPOSED TRANSACTION, THAT THE COMPANY’S EXPLORATION EFFORTS WILL SUCCEED OR THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY’S PERIODIC REPORTS FILED FROM TIME-TO-TIME.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS.
CONTACT INFORMATION
-
Contact:
Anfield Resources, Inc.
Clive Mostert
Corporate Communications
780-920-5044
info@anfieldresources.com
www.anfieldresources.com
- Published in Anfield Resources, Mining, News Home
Tetra Bio-Pharma Accelerates Sales Strategy with the Appointment of Denis Courchesne as Vice President, Sales
Tetra Bio-Pharma Accelerates Sales Strategy with the Appointment of Denis Courchesne as Vice President, Sales
OTTAWA, ONTARIO–(Marketwired – April 24, 2017) – Tetra Bio-Pharma Inc. (“Tetra” or the “Company“) (CSE:TBP) (OTCQB:GRPOF), today announced that it has accelerated its sales strategy by entering into an employment agreement with Denis Courchesne as Vice President, Sales, effective Monday, May 1, 2017.
Mr. Courchesne has over 25 years’ sales and management experience in the retail environment working for various companies such as Evian Spring Water (Danone) and Pfizer Canada.
In the last 15 years, he has been working in both the pharmacy and health food channels where he successfully held positions in Quebec as National Sales Manager. In his previous companies, he rapidly reorganized the sales forces enabling the teams to outperform their sales and profit objectives. Since 2010 Mr. Courchesne has been working as an independent consultant helping various brands in many aspects of their business such as marketing, strategy and goal establishment while enabling them to solidify their presence at store level.
“We are most pleased to welcome Mr. Courchesne to the team as we are focused on building Tetra as a leading bio-pharmaceutical organization,” said Andre Rancourt, CEO of Tetra Bio-Pharma. “Mr. Courchesne has repeatedly demonstrated his skills as a natural leader that will allow Tetra to build our Agro Tek natural health division and drive strong revenue growth for the organization. The great relations he has successfully built over his career specifically in Canadian pharmacies will allow Tetra to accelerate placement of our products and ultimately drive stronger sales moving forward.”
About Tetra Bio Pharma:
Tetra Bio Pharma is a multi subsidiary publicly traded company (CSE:TBP) (OTCQB: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.
Forward-looking statements
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, through its wholly-owned subsidiary, GrowPros MMP Inc., to obtain a licence for the production of medical marijuana; failure to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.
CONTACT INFORMATION
-
Tetra Bio-Pharma Inc.
Edward Miller
Vice President, IR & Corporate Communications
edward@tetrabiopharma.com
(343) 689-0714
- Published in Life Sciences, Medical Marijuana, News Home, Tetra Bio Pharma
AtmanCo Announces an Annual Growth in Revenues of 298
AtmanCo Announces an Annual Growth in Revenues of 298{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and a Profit of 366k in the Fourth Quarter of 2016
AtmanCo inc. (“AtmanCo” or the “Company”) (TSX VENTURE:ATW) announces its annual results for the year ended December 31, 2016.
Highlights:
- As part of its strategic plan, on October 5, 2016, the Company closed the acquisition of RNIS Telecommunications Inc. (‘VoxTel’) and InformationTelcharge.com for a total purchase price of $2.4m with $1.5m paid cash at closing.
- The Company announces revenues of $3.4m compared to revenues of $0.8m for 2015 comparable year, a $2.6m or 298{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} increase.
- As of December 31, 2016, the Company’s would begin 2017 with an order book totalling $8.9m compared to $0.8m as of December 31, 2015 for an increase of $8.1m.
- For the fourth quarter of 2016, the Company announced a profit of $366k in comparison to a loss of $407k for the fourth quarter of 2015.
- As of December 31, 2016, the Company has cash totalling $378k compared to $55k as of December 31, 2015, along with a positive working capital by opposite to 2015.
- Total assets increased from $1.5m to $7.3m between December 31, 2015 and December 31, 2016 while equity increased from $0.9m to $2.1m.
The selected financial information below originates from the interim consolidated financial statements:
in thousands of $ (except amounts per share) |
3 months ended December 31, 2016 | 12 months ended December 31, 2016 | 3 months ended December 31, 2015 | 12 months ended December 31, 2015 |
Consolidated statement of comprehensive loss | ||||
Revenues | 2 606 | 3 378 | 95 | 847 |
Net income (loss) | 366 | (333) | (407) |
(1 233) |
« The year 2016 was an important year in the pursuit of our strategic plan with the acquisition of VoxTel, said Michel Guay, President and CEO of AtmanCo. It will propel us into fast-growing markets and significantly increase our sales and backlog. We will continue to invest in technology, as well as sales and marketing, in order to seize market and development opportunities and reinforce our position in the marketplace. We will also explore other strategic acquisition opportunities alongside our internal growth plan », said President and CEO of AtmanCo, Michel Guay.
The above data includes a summary of highlights. For further information, please consult the Corporation’s interim consolidated financial statement as well as the Management Report for the year ended December 31, 2016 at www.sedar.com.
AtmanCo grants new option shares
The Company announces that a total of 1 500 000 share purchase options have been granted to officers and employees of the Company as well as members of the board of directors, pursuant to the terms of its share option plan (the “Plan”). These options are exercisable at $0.11 per share and expire on April 20, 2022. The Plan provides that options may be exercised on a cumulative basis over a period of three years from the date they are granted, as to one-third after one year, and additional one-third after two years and the balance after the end of the third year.
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements that reflect the Company’s current expectation regarding future events. There is a risk that expectations and forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on these forward-looking statements as they involve risks and uncertainties, which could make actual results differ materially from those projected herein and depend on a number of factors including, but not limited to, no history of profitability, future financing, intellectual property and patents, key personnel, competitive marketplace, technology obsolescence, share price volatility and other risks detailed from time to time in the Company’s filings. While AtmanCo anticipates that subsequent events and developments may cause its views to change, AtmanCo specifically disclaims any obligation to update these forward looking statements, unless obligated to do so by applicable securities laws.
Additional information regarding the Company are available on SEDAR www.sedar.com.
The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.
ABOUT ATMANCO
AtmanCo (TSX VENTURE:ATW) is a leader in information technology, owner of several web platforms including Atman, Québec Rencontres, VoxTel and Bloomed. Atman and its APIs enable companies to optimize their human capital. Quebec Rencontres is a web and mobile social network application catered to building serious and sustainable relationships. VoxTel offers various interactive landline and mobile phone solutions, as well as carrier billing and SMS features. Bloomed is a cloud-based platform to manage data (smart data) on consumers and their behaviors, which is developed for marketing agencies and their campaigns for the consumer and corporate markets.
- Published in Atmanco, Mobile Technology, News Home, Technology
Mobi724 Global Solutions Inc. Announces Closing of Private Placement Offering for Gross Proceeds of over 10M
Mobi724 Global Solutions Inc. Announces Closing of Private Placement Offering for Gross Proceeds of over 10M
Momentum Public Relations
Press Release: April 21, 2017
Mobi724 Global Solutions Inc. (“Mobi724” or the “Company”) (CSE:MOS)(CSE:MOS.CN) – a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing solutions, announces that it has successfully completed its private placement offering of special warrants (the “Special Warrants”), previously announced by news releases dated April 4, and April 6, 2017, issuing an aggregate of 29,538,203 Special Warrants at a price of $0.35 per Special Warrant for aggregate gross proceeds of $10,338,371.05, which includes the exercise by GMP Securities L.P. (“GMP”), as sole lead agent, of its option for an additional 2,395,346 Special Warrants.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
For more information, please visit www.mobi724globalsolutions.com.
About Mobi724 Global Solutions
Mobi724, a leader in the fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment & digital marketing solutions with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. Mobi724’s solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging available user and purchasing data to increase transaction volumes and spend. 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. Mobi724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to any mobile device and allow its redemption at any point of sales.
Forward Looking Statements
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
MOBI724 Global Solutions Inc.
Marcel Vienneau
1-514-394-5200 x 413
www.mobi724globalsolutions.com
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Financial Technology, Mobi724 Global Solutions, News Home, Technology
King’s Bay (KBG:tsxv) Receives Preliminary Geophysical Maps From VTEM Plus Survey over Lynx Lake Copper-Cobalt Project
King’s Bay Receives Preliminary Geophysical Maps From VTEM Plus Survey over Lynx Lake Copper-Cobalt Project, Southern Labrador
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 through preliminary assessment, several electromagnetic anomalies have been located across the 382 line kilometer area of interest, using Geotech’s, helicopter-borne Versatile Time Domain Electromagnetic (VTEM) Geophysical Survey over King’s Bay’s 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Lynx Lake Copper-Cobalt Project in southeastern Labrador.
Geotech has provided King’s Bay with preliminary geophysical maps outlining the VTEM data. From the information provided, King’s Bay was able to identify several potential geophysical anomalies, one of which is located in the CA Pit that yielded historic assays of up to 1.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu, 0.94{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Co, 0.21{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Ni and 6.5g/t Ag. Geotech Ltd. has advised King’s Bay that it expects to have the full report prepared by the end of April. Deliverables include magnetic, electromagnetic, and chargeability components. Once the final data is received, it will allow King’s Bay’s technical team to continue to develop and interpret these anomalies.
The helicopter-borne Versatile Time Domain Electromagnetic System (VTEM) 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 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.
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. 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. A 3 phase powerline that is under construction from Muskrat Falls and the Trans-Labrador Highway cross the northern part of the Property.
About King’s Bay
King’s Bay is focused on the exploration of cobalt and other high‐tech metals in North America. The Company believes in this emerging fast‐growth sector and will continue to seek out and evaluate properties that show promise for development. King’s Bay Gold Corp is operating as “King’s Bay”.
NI 43‐101 Disclosure
Edward Lyons, P. Geo. supervised the preparation of the technical information in this news release and is a qualified person as defined by National Instrument 43‐101.
On Behalf of the Board
Kevin Bottomley CEO, President
For Investment Inquiries please contact:
Brad Hoeppner Director
O: 604 681 1568
- Published in King's Bay, Mining, News Home