Internet of Things Inc. Enters Joint Venture Agreement With Chinese Global Conglomerate New Hope Group
Internet of Things Inc. Enters Joint Venture Agreement With Chinese Global Conglomerate New Hope Group
$15 Billion New Hope Group & Internet of Things Inc. to Launch JV to Lead the Industrial Iot Market in China
Momentum Public Relations
Press Release: May 30, 2017
TORONTO, ON & SHANGHAI, CHINA–(Marketwired – May 30, 2017) – Internet of Things Inc. (TSX VENTURE: ITT)(OTC PINK: INOTF) (FRANKFURT: 71T) (“ITT Inc.” or the “Company“) and New Hope Data Technology Co., Ltd. are pleased to announce the signing of a joint venture agreement based on the Letter of Intent announced on March 15, 2017. ITT Inc. is an Internet of Things (“IoT“) software and solutions provider, which acquires and implements strategic and disruptive technology solutions targeting the industrial IoT markets. New Hope Data Technology Co., Ltd., a New Hope Group affiliated and investee company (“New Hope“) provides data acquisition, monitoring, data analytics, professional services and knowledge transfer through the implementation of cutting-edge IoT technologies. New Hope is one of China’s largest privately-owned entities and in the Top 500 Enterprises for 14 consecutive years. With more than 600 subsidiaries and nearly 70,000 employees and annual revenues of approximately 80 Billion Yuan or $15.5 Billion, New Hope is involved in a wide range of sectors, from agriculture and real estate to infrastructure, chemical engineering, finance and insurance. The joint venture will be focused on bringing global industrial IoT solutions to New Hope owned factories, as well as other manufacturing facilities across China and will be called New Hope IoT Intl. Inc. (the “NHG-ITT JV” or the “JV“).
Chinese industries are rapidly modernizing to remain competitive globally. Broad adoption of IoT technologies to improve industrial efficiency could produce cumulative growth for China’s GDP of US$1.8 Trillion by 2030, analysts from Accenture recently reported.
Under the terms of the JV, ITT Inc. will hold a 51{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest and will be responsible for providing global industrial IoT technologies such as sensors, predictive analytics and secured wireless, among other technologies to New Hope’s network of more than 600 factories and businesses, in addition to other customers across mainland China. New Hope will hold a 49{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest in the JV and its sales and marketing team, big data platform and IT consultants will be responsible for the JV day-to-day operations. New Hope will also invest initially $2 Million as an operating and working capital loan into the JV.
As consideration for New Hope entering into the 30-year joint venture partnership and for providing resources, personnel, finance and all other support for the start of the JV, ITT Inc. will issue 28 million common shares to New Hope. These shares will be subject to performance milestones based upon: (i) the JV generating $3.5 million in aggregate net income over the first three years; (ii) annual releases from escrow as net income is achieved on a pro-rata basis; (iii) a 12-month leak-out in 12 equal monthly installments for each annual release of shares; and (iv) regulatory resale restrictions and TSX Venture Exchange approval.
In addition to the JV securing strategic distribution partnerships with various leading IoT technology companies around the world, it also plans to negotiate options to purchase equity in software and solution providers from which it secures distribution rights.
“We are very excited to be launching in China with such a strong joint venture partner in New Hope, who shares our vision and drive in building out the leading Chinese industrial IoT platform. This recurring annual revenue model in partnership with New Hope’s network of factories and businesses is expected to provide ITT Inc. with ongoing revenue and a profitable income stream,” said Michael Frank, CEO of ITT Inc.
Mr. Zhao Gang, Chairman of New Hope Data Technology Co., Ltd. commented, “We have spent the past 14 months working with the ITT Inc. team and we are looking forward to launching the New Hope Data-Internet of Things Inc. JV. New Hope Data has already built out a robust data analytics platform and a professional services team, that currently is working with factories in China to monitor and analyze industrial processes and inputs, converting them into actionable insights and knowledge. This helps the factories’ management teams improve operational stability, product quality, profitability and reduce downtime. We see a significant market gap that can be filled with the products and services that the JV will be providing for our internal network of factories and external customers across China.”
Goldenmount Capital International Inc. acted as an advisor to ITT Inc. on the transaction. ITT Inc. shall pay a finder’s fee of $15,000 in cash and will issue 1.5 million common shares to Goldenmount Capital International Inc. for services provided upon closing, subject to regulatory approval.
About New Hope Group
New Hope Group (en.newhopegroup.com) was founded in 1982. New Hope Group now has more than 600 subsidiaries in 30 countries, with nearly 70,000 employees and annual revenues of nearly 80 Billion Yuan or CAD$15.5 Billion. It is involved in a wide range of sectors, from agriculture and real estate to infrastructure, chemical engineering, finance, insurance and more. It has a AAA credit rating from China Chengxin International Credit Rating Co. Ltd. (CCXI).
New Hope Group includes New Hope Data Technology Co., Ltd, a Shanghai-based company focused on data acquisition, monitoring, analytics, knowledge transfer through the implementation of cutting-edge IoT technologies as well as professional services and data analytics.
About Internet of Things Inc.
Internet of Things Inc. (www.iotintl.com) is an Internet of Things (IoT) software and solutions provider. The company acquires and implements strategic and disruptive technology solutions targeting the industrial IoT markets, including manufacturing, energy management, agriculture, transportation, social, cybersecurity, e-commerce and fintech. ITT has its headquarters in Toronto, Canada.
Follow Internet of Things Inc. On:
Facebook: https://www.facebook.com/InternetofThingsInc/
Twitter: https://twitter.com/iotintl
LinkedIn: https://www.linkedin.com/company/internet-of-things-inc-
Cautionary and Forward-Looking Statements
Except for the statements of historical fact contained herein, certain information presented constitutes “forward-looking information” within the meaning of applicable Canadian securities laws. Such forward-looking information, includes, but is not limited to, the relationship between Company and New Hope, the parties entering into definitive agreements with regard to the joint venture, the use of the Company and the joint venture within the New Hope’s manufacturing processes and projected revenue and income of the joint venture. While such forward-looking statements are expressed by the Company, as stated in this release, in good faith and believed by the Company to have a reasonable basis, they are subject to important risks and uncertainties. As a result of these risks and uncertainties, the events predicted in these forward-looking statements may differ materially from actual results or events. These forward-looking statements are not guarantees of future performance, given that they involve risks and uncertainties. The Company does not undertake any obligation to release publicly revisions to any forward-looking statement, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at an investors’ own risk.
_____________________________________________________________________________________________
NEITHER THE 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
For further information, contact:
New Hope
Naomi Chen
Executive Vice-President Industry, Technology & Investments
New Hope Chemical Industry Investment Co., Ltd.
Tel: +86 18081160220
Email: chenxy@newhope.cn
To learn more, visit: www.newhope-data.com
Internet of Things Inc.
Michael Frank
President & CEO
Tel: (416) 677-9277
Email: mfrank@iotintl.com
To learn more, visit: www.iotintl.com
- Published in Internet of Things Inc, News Home, Technology
International Wastewater Systems arranges $2-million private placement
International Wastewater Systems arranges $2-million private placement
Momentum Public Relations
Press Release: May 29, 2017
International Wastewater Systems Inc. is offering, on a non- brokered private placement basis, up to 2,000 debenture units at a price of $1,000 per debenture unit for gross proceeds of up to $2-million.
Each debenture unit will consist of one $1,000 principal amount senior unsecured convertible debenture and 2,500 share purchase warrants, each exercisable into one common share of the company at 30 cents per share for a period of three years from the date of issuance.
The debentures will bear interest at a rate of 12 per cent per annum from the closing date of the placement and will mature on the date that is 36 months from the closing date. The debentures are convertible into shares at 30 cents per share at the option of the holder at any time until the maturity date, subject to adjustment in certain events.
Pursuant to the terms of the warrants, the company may abridge the exercise period of the warrants at any time after the date that is four months after the closing date and before the expiry of the warrants, if the volume weighted average closing price on the company’s shares on the Canadian Securities Exchange (or such other stock exchange on which the shares are traded if the company’s shares are no longer traded on the Canadian Securities Exchange) is for a period of 20 consecutive trading days greater than 60 cents by providing written notice to the warrantholders within 30 days of a trigger event. The warrants will, unless exercised, expire on the 30th day after the company provides such written notice to the warrantholders.
The company may pay finders’ fees in connection with the placement. Proceeds of the placement will be used to help facilitate expenditures required for the five contracts awarded to IWS previously announced on May 10, 2017, as well as Prospect Silicon Valley, which focuses on commercialization of the company’s heat exchange technologies in the central California, and for general working capital. All securities distributed pursuant to the placement will be subject to a statutory hold period of four months and a day from the date of issuance. The placement will not be offered in the United States. Closing of the placement is subject to receipt of all necessary regulatory approvals.
About International Wastewater Systems Inc.
International Wastewater is a world leader in thermal heat recovery. Its systems recycle thermal energy from waste water, generating the most energy-efficient and economical systems for heating, cooling and hot water for commercial, residential and industrial buildings.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Energy, Green Technology, International Wastewater Systems, News Home, Technology
MOBI724 Global Solutions Files Q1 Financial Statements and Invites Investors
MOBI724 Global Solutions Files Q1 Financial Statements and Invites Investors to a Webinar for a Material Management Update
Momentum Public Relations
Press Release: May 29, 2017
MONTREAL, QUEBEC–(Marketwired – May 29, 2017) – MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS)(OTCQB:MOBIF), 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 management update and to answer questions further to the filings of the Q1 financial statements for March 31, 2017 and the management discussions and analysis.
Interested parties may log in at the following web address:
https://attendee.gotowebinar.com/register/4542259938712463107
Please register for Management update on May 30, 2017 4:15 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
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.
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.
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.MOBI724.com
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
The Greatest Benefactor of US-Russian Relations – Anfield Resources
The Greatest Benefactor of US-Russian Relations – Anfield Resources
By Sean Zubick – Palisade Research
Like many other commodities, the price of uranium is cyclical.
Since 1929, uranium has seen three momentous bull markets. The first occurred from 1943 to 1955, and was spurred by an incentive program created by the US Government. The competition for nuclear warheads had begun, and the DoD was in dire need of uranium. Through the Atomic Energy Commission, a generous price for uranium was offered, igniting a staking frenzy. By the 1950s, the program was scaled back and incentives halted, ending the first uranium bull market.
The 1973 to 1979 bull run was triggered by OPEC’s oil embargo, resulting in a global economic crisis. Prior to, uranium was floating lower, and had bottomed out at $6/lb., before investors began flocking to alternative sources of power. Nuclear power was a great beneficiary, and afterwards saw rapid expansion. Prior to the oil crisis, global capacity nuclear capacity grew at an average of 2,400 MW per year. From 1973 to 1990, this jumped to 16,000 MW with the United States building 25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the 321 new reactors in the world. This run was ended by the Three Mile Island meltdown in March 1979.
The last and most recent uranium bull occurred from 2001 to 2008. China and India were growing at an unprecedented rate. In 2007, almost half of the world’s reactors were being built in China and India, with 64 planned and 158 planned, respectively. Oil prices were increasing, and the onus was once again placed on alternative energy sources. The agreement between the US and Russia, under the Megatons to Megawatts program, was also scheduled to end, removing significant supply from the market. This was accompanied by Cameco’s Cigar Lake mine flood (232 million lbs), and hedge funds hoarding the physical commodity. Uranium’s collapsed was caused by the 2008-2009 financial crisis, and investors liquidated their positions en masse.
Uranium experienced a small renaissance in 2011, but this was cut short due to the Fukushima Daiichi nuclear disaster in Japan. An earthquake and subsequent tsunami caused three nuclear meltdowns, and caused many countries to unnecessarily reconsider their energy programs. Germany took its eight reactors offline, and began importing its energy from France, which ironically gets the majority of its power from nuclear!
Now after 6 years, the uranium markets are finally seeing some light at the end of the tunnel. China remains the engine for growth, with 36 operating reactors and many more planned. In 2015, there were eight new grid connections. In 2016, another five came online. The country currently has another 20 reactors under construction, and aims to have the third largest capacity in the world by 2020.
The United States Department of Energy also recently lowered its transfer rate due to supply concerns. Analysts are now expecting a supply deficit, something unheard of just a couple of years ago.
Accompanying these two points, we maintain five more points of why uranium is a compelling investment and why its on the verge of an incredible turnaround.
-It’s a contrarian investment – uranium was one of the worst performing commodities in 2016, but is now one of the best performing of 2017. Many people are still on the sidelines, scared of the 41{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} drop last year, but this is the ideal time to invest for a contrarian.
-Price (in)sensitivity – Unlike other commodities, particularly ones used as input, the cost of fuel for a nuclear power plant is insignificant. In fact, uranium accounts for only 2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of operating costs. Compare this to coal plants where coal accounts for 35{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. If each commodity increases 20-fold, you can bet all of the world’s coal plants will be off-line and coal stocks will eventually die. The opposite would happen with uranium.
-Mine construction – With a deficit on the horizon, the fix will not be fast. In fact, the time from a production decision to production is almost a decade. This is why uranium bull markets can be much longer than other commodities.
-Uranium stocks are scarce – Unlike precious metal companies where there are hundreds to choose from, there are only about thirty uranium companies for a North American investor. When the bull market is in full effect, there will be only so many places the surge of capital can go. This means uranium stocks have more torque than other commodity stocks.
-No other sector yields the kind of gains that uranium can – When you ask the leading resource investors about uranium, chances are they have made a substantial portion of their wealth from it. Just ask Doug Casey or Rick Rule about Paladin Energy, and they will be happy to tell you about 10,000{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} return
Frank Giustra is another mining magnate who has had incredible success in uranium. In fact, his company UrAsia Energy was acquired by Uranium One in 2007 for US$3 billion. UrAsia owned uranium mines in Kazakhstan, which quickly became the foundation and flagships of Uranium One. At the same time, Uranium One bolstered its projects in the United States, eventually becoming a key producer of domestic uranium.
In 2010, Uranium One was acquired Rosatom, the state-controlled nuclear arm of Russia. And this is where some controversy began to surface. With uranium being a strategic metal, many departments had to sign off on the deal, and with more digging, theories arose that Giustra had donated to the former President Bill Clinton’s foundation to expedite the sale.
There are also allegations that President Clinton was integral in UrAsia securing its Kazakhstani assets. The pair traveled to Almaty together in 2005, where they met, Nursultan Nazarbayev, the leader of Kazakhstan. Soon after UrAsia acquired the mines. Since this trip, Giustra has donated US$31.3 million to the Clinton Foundation and pledged US$100 million more.
Mired in controversy and scandal, politicians became concerned of Russia controlling significant US production. The pressure was put on and Uranium One was essentially forced to sell key US assets. One junior resource was the benefactor, acquiring critical uranium projects for pennies on the dollar, the same assets that contributed to Uranium One’s C$6.2 billion market cap.
Anfield Resources (CVE:ARY, OTCMKTS:ANLDF, FRA:0AD)
Current Price: C$0.075
Shares Outstanding: 109.4 million
Market Capitalization: C$8.2 million
52-Week Range: C$0.06 – C$0.31
Cash: ~C$2.8 million
Anfield is a near-term production company with assets all in the United States. Its low-risk profile and high return potential have not attracted as much investor attention as this company deserves. Anfield has managed to bypass the long lead times associated with advancing to production through both the acquisition of an existing mill in Utah and an RPA signed with Uranium One to use its existing processing plant. This is a significant differentiator when comparing Anfield to other non-producers or those who aim to reach production in the coming years.
Assets – Prolific Uranium States
In the mining business, companies that make steady progress toward cash flow are rewarded with ever higher valuations. Those with a diversified array of projects at various stages of exploration and development get a nod of approval for risk management.
Anfield has both elements of this strategy. Its assets fall into three groups: conventional, ISR, and exploration.
-ISR (in-situ recovery) assets are the ones that have the potential to be profitable even in an environment of depressed uranium prices. Think of them as a hedge against future uncertainty. The company bought 24 ISR-amenable assets with a historical resource of ~37 million pounds in September 2016.
As part of that transaction, Anfield has also got access to 395,000 feet of historical drilling and resource databases that will help it focus on the most value-adding areas.
When these assets reach production stage (and it sounds more like a question of “when,” not “if”), the company will produce without too much upfront cost or permitting delays. As part of the same Wyoming transaction, it secured the right to process up to 500,000 pounds of mined material per year at Uranium One’s Irigaray processing plant. Another key component of this agreement includes the ability of Anfield to buy or borrow uranium material from Uranium One to fulfill any utility contract it signs. This provides a backstop with one of the largest uranium producers and makes utilities more inclined to sign long-term contracts with Anfield.
-Conventional assets – Anfield’s other key asset is its 750 tonnes-per-day Shootaring Canyon mill. The mill is located in Garfield county, Utah. It is one of the only three licensed, permitted, and constructed conventional uranium mills in the United States. The area where Shootaring Canyon is located has been historically one of the most prolific uranium production areas in the country.
Anfield plans to advance Shootaring Canyon and other conventional assets in anticipation of higher uranium prices.
The company’s outline of how it plans to get to production stage looks like this:
Anfield is doing the work required to advance its projects along these milestones. Also in 2016, it applied to upgrade its Shootaring Canyon mill’s radioactive materials license from standby to operational status.
Another key conventional asset is Velvet-Wood Mine, also located in Utah. Specifically, in the Lisbon Valley Uranium District production area, which historically was Utah’s largest uranium production area.
Anfield acquired the Velvet-Wood Mine in 2015 together with Shootaring Canyon. Since then, the company released a PEA for this asset.
In terms of resources, the PEA says that Velvet-Wood Mine hosts over 5 million pounds of U3O8 that can be mined using conventional methods.
(Source: Anfield Resources)
Most of the value of this project, though, is not in the amount of resources it has but in its capital return potential.
(Source: Anfield Resources)
The economics the Velvet-Wood Mine were done using $65/lbs, offering optionality as uranium prices increase. The most important fact that the PEA confirmed is the low-risk nature of the Velvet-Wood Mine. Portions of deposit have been successively mined in the past; uranium has been successfully extracted from mined material via conventional milling; and the project has some of the required operating permits and facilities in place.
In other words, the project does not suffer from any particular technical problems that would make it hard to restart.
BRS, the company that prepared this report, says that the project will likely start no earlier than mid-2018.
Anfield continued its collaboration with BRS and in March 2017 it announced that BRS would prepare a number of NI 43-101 compliant technical reports for the company’s 24 properties located in Wyoming, supplying the company with a steady stream of material news flow in the near-future.
(Source: Anfield Resources)
Resource delineation is the number one step in advancing these projects. And Anfield will not be starting from scratch. As part of its September 2016 transaction, Anfield purchased a database that contains historic resource estimates and other information that would help the company identify development potential.
One of the key characteristics of this batch of projects is that a lot of them are located close to existing ISR production bases. If needed, and to speed up cash flow generation, Anfield can potentially sign other processing agreements like the one it has now with Uranium One. It will dramatically help it reduce the amount of time needed to get these assets to production.
The first technical report was not long in the making. In April 2017, BRS has announced the results of the first NI 43-101 technical report. The report covers the Red Rim uranium project.
Anfield is advancing its projects at an impressive speed. But it doesn’t depend on its own efforts only. One of the overlooked assets in its asset base is a royalty portfolio that it acquired during the September 2016 transaction with Uranium one.
-2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to 4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} sliding scale production royalty on Azarga Uranium’s (TSE:AZZ) Dewey Burdock project in Custer and Fall River Counties, South Dakota
-2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} NSR on Western Uranium’s (CNSX:WUC) San Rafael project in Emery County, Utah
-2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to 4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} sliding scale gross value royalty on Energy Fuels’ (TSE:EFR) Whirlwind project in Grand County, Utah.
-1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} royalty on Energy Fuels’ (TSE:EFR) Energy Queen project in San Juan County, Utah.
The royalties are all on established projects, and will offer enormous torque. The Dewey Burdock project is the most advanced and the royalty is conservatively worth CA$4.1 million at current uranium prices. Compare this to Anfield’s current market cap of C$8.2 million.
Lastly, the company has cranked up its exploration and evaluation spending. In 2016, it spent C$1.6 million on these activities, over five times more than the C$278,000 it dedicated to advancing its projects in 2015.
Capital – Grinding & Closing Financings
Despite the higher costs, Anfield managed to stay afloat and deliver value through a series of successful equity offerings.
The most recent one closed in March 2017. Anfield initially planned to raise C$1.5 million by issuing 15 million shares at 10 cents each but as the demand for its shares soared it ended up raising almost twice as much. On March 6, it closed a private placement that attracted $2.9 million in new capital.
As well as growing its projects organically, Anfield is going to continue pursue M&A opportunities. Historically, it managed to build an impressively diversified portfolio through a series of M&A transactions. We expect this trend to continue into the future.
The fact that the company is so well-positioned to benefit from multiple uranium price environments already tells us that the management knows what it’s doing.
The company has been navigated through the bear markets by Corey Dias, who earned his stripes as an equity analyst and fund manager.
To assist him, he has Robert Scott Lumadue at his side. Mr. Lumadue has over 38 years of experience in the uranium industry, and will help in uranium sales and marketing. Mr. Lumadue will be the bridge to U.S. utilities and nuclear conversion facilities, Anfield’s future customers. Utility sales contracts will be a key component of the company’s sustainable cash flow so hiring a person with relevant experience for so many years is an invaluable asset.
Besides the executive team, Anfield has an impressive roster of directors with almost 100 years of technical and consulting experience, including environmental and regulatory affairs, uranium sales and marketing, utility fuel procurement, and geological definition and interpretation.
Anfield is a pure-uranium company and has a clearly defined value proposition coming from its long-term assets and its nearer-term counterparts. Its current share price is a great entry point, and like our other uranium recommendations, will definitely be a longer-term hold. As mentioned earlier, we are going to see a series of resource estimates coming from Anfield’s Wyoming properties. This should cause some much needed liquidity and eye balls to the stock.
Palisade Global Investments Limited holds shares of Anfield Resources. We receive either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate. The information contained in such write-ups is not intended as individual investment advice and is not designed to meet your personal financial situation. Information contained in this report is obtained from sources we believe to be reliable, but its accuracy cannot be guaranteed. The opinions expressed in this report are those of Palisade Global Investments and are subject to change without notice. The information in this report may become outdated and there is no obligation to update any such information. Do your own due diligence.
- Published in Anfield Resources, Blog, Mining
Reviving the Slocan Mining Camp
Reviving the Slocan Mining Camp
Momentum Public Relations
Press Release: May 26, 2017
Vancouver, Canada / TheNewswire / May 26, 2017 – (TSX.V: KS) Further to the News Releases dated Oct 12, 2016 and March 3, 2017: Klondike Silver Corp. has one of the most unique silver-lead-zinc projects in Canada. Klondike’s Slocan Mining Camp is a 100 square kilometre brownfields project located in southeastern British Columbia, a safe and stable jurisdiction. The project has an active Mine Permit, a 100 ton per day mill and a licenced tailings pond facility. The mill has power, water and an all-weather system of roads and highways as well as a large educated population nearby, to draw on. The mill is 1.5 hours from Teck Corp.’s Trail lead-zinc smelter and one hour from the main airport and rail system in the area. Once additional economic mineralization is identified, production can start almost immediately. Underground drilling necessary to identify additional economic mineralization is scheduled to commence in the fall of 2017.
David Makepeace, Technical Advisory Board Member provides 3D Model update:
The construction of the Main Lode 3D model is progressing. The model now incorporates eight past producing mines, with their respective ore bodies, some faults, topography with surface features, soil geochemical data and selective surface and underground diamond drill holes. More data is being input regularly from the volume of historical data available. Presently, the data for the model is based on the main local mine grid which is in imperial measurements. The model will be transformed into UTM (metric) coordinates once the LIDAR survey is complete the two will be meshed together.
Eagle Mapping Ltd. is currently contracted to commence the LIDAR SURVEY once the Slocan Mining Camp is snow-free.
About Klondike Silver
Klondike Silver’s Silver Lead Zinc land package is over 100 km2 – the largest land package in the Slocan Mining Camp (Southeast British Columbia – 138 km North of Teck’s Lead Zinc smelter (Trail BC)). Based on the British Columbia MINFILE mineral database, sixty eight (68) of the one hundred and seventy three (173) past producing Silver Lead Zinc mines in the Slocan Silver Camp are located in the Klondike Silver land package. Klondike Silver has created the first real opportunity to invest in and properly explore a sizeable portion of one of the most historic mining camps in British Columbia. Klondike likes to think of the Slocan as the last best under explored silver camp in Canada.
For additional information please visit the company website www.klondikesilver.com.
CONTACT INFORMATION
Corporate Inquiries:
Dale Dobson: (604) 682-2928
Email: dale.dobson@klondikesilver.com
On Behalf of the Board of Directors
Klondike Silver Corp.
“Thomas Kennedy”
Thomas Kennedy, B.Comm., J.D.
CEO, Director
This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Klondike Silver Corp. which may cause actual results, performance or achievements of Klondike Silver Corp. to be materially different from the results, performance or expectation implied by these forward looking statements. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors.
Neither the 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.
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Klondike Silver Corp., Mining, News Home
Momentum Reports – AtmanCo Inc TSX-V:ATW – May 2017
Momentum Reports – AtmanCo Inc TSX-V:ATW – May 2017
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AtmanCo Announces Revenue Growth of $2.5 Million for its First Quarter of 2017
AtmanCo Announces Revenue Growth of $2.5 Million for its First Quarter of 2017
Momentum Public Relations
Press Release: May 25, 2017
AtmanCo Inc. has released its quarter results ended March 31, 2017.
Highlights:
- For its first quarter of 2017, the Company announced revenues of $2,727k compared to revenues of $246k for its first quarter of 2016, a year-over-year increase of $2,481k.
- For its first quarter of 2017, Company’s revenues increased by $133k or 5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} while compared to previous quarter ending December 31, 2016.
- As of March 31, 2017, the Company’s order book totalled $8.9m compared to $0.8m on March 31, 2016, a year-over-year increase of $8.1m.
” Throughout the first quarter of 2017, we have focused on integrating and harmonizing VoxTel’s business, as well as developing promising opportunities involving both VoxTel and AtmanCo. The benefits of these projects, in both corporate and consumer markets alike, should contribute to the future quarters of 2017. In order to achieve our objectives, we have taken the steps to improve our presence in the international market and hired experts in the telecom industry. Moreover, we are continuing our pursuit of closing strategic acquisitions in our different business markets “, 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 quarter ended March 31, 2017 at www.sedar.com
AtmanCo grants new option shares
The Company announces that a total of 800 000 share purchase options have been granted to employees and consultants of the Company, pursuant to the terms of its share option plan (the “Plan”). These options are exercisable at $0.17 per share and expire on May 24, 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.
ABOUT ATMANCO
AtmanCo (TSX VENTURE:ATW) is a leader in information technology, owner of several web platforms including Atman, Quebec 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.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd.
Source: Stockwatch
Intema’s First Quarter of 2017 is profitable
Intema’s First Quarter of 2017 is profitable
Momentum Public Relations
Press Release: May 25, 2017
MONTREAL, QUEBEC–(Marketwired – May 25, 2017) – Intema Solutions Inc. (“Intema” or the “Corporation“) (TSX VENTURE:ITM) announces today that it has released its 2017 First Quarter results. The corporation is happy to end this First Quarter with a profit and reduced expenses.
The First Quarter was centered on increasing sales with actual customers. Our efforts targeted the conversion rate of eFlyerMaker users either by moving free account to paying customers or to provide specific services that improve the quality of sent emails. These specific activities include adding sign-up forms to increase the size of customer lists, custom email template design, contest templates and email campaign concepts. The results of this first Quarter are encouraging and promising for future progress.
Marketing to new customers was redirected to medium and large size customers. The first quarter is a better moment for the solicitation of new corporate clients. While this customer base requires a sustained effort over a longer period of time, it is imperative that we tap into these niches to ensure the diversity of revenue streams. The focus on corporate customers has no effect on our marketing expenses. Activities aimed at smaller customers will resume in the next quarters.
Operations were scrutinized with the object of reducing expenses to their minimum. The greatest effect of this task will be more evident in the next Quarter. With this in mind, IT and hosting services were outsourced to an external firm with a long-term contract and personnel were consequently reduced.
Product development kept its pace. The team targets the end of the third Quarter to unveil version 2 of eFlyerMaker. This new version will emphasize the value of good design by offering advanced designer tools within the software; this will place eFlyerMaker as one of the most friendly email software for designers; they will be able to do more work directly with eFlyerMaker without having to use other more expensive design software outside the application.
“We will continue to improve our results by increasing our sales, reducing our costs and improving our applications” said Roger Plourde, CEO.
About INTEMA SOLUTIONS Inc. INTEMA’s mission is to integrate technologies to marketing. The company develops technologies for marketing and services related to predictive marketing, relationship marketing and database marketing. Since its inception, INTEMA has dedicated its efforts to deliver key solutions to the marketing industry. For more information, please visit our corporate website at intema.com and our product websites eflyermaker.com and matcheranalytics.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined on policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Intema Solutions, Inc.
Roger Plourde
CEO
(514) 861-1881
roger.ploude@intema.ca
www.intema.ca
- Published in Intema Solutions, News Home, Technology
MOBI724 Global Solutions Announces Initiation of Certification for Local EMV debit cards in the Philippines via its subsidiary MOBI724 Asia
MOBI724 Global Solutions Announces Initiation of Certification for Local EMV debit cards in the Philippines via its subsidiary MOBI724 Asia
Momentum Public Relations
Press Release: May 25, 2017
MONTREAL, QUEBEC–(Marketwired – May 25, 2017) – MOBI724 Global Solutions Inc. (MOBI724) (CSE:MOS)(CSE:MOS.CN)(CNSX:MOS)(OTCQB:MOBIF), a fintech leader offering integrated EMV payment, card-linked offers and digital marketing, via its subsidiary MOBI 724 Asia Inc., today announced the initiation of certification for the local debit EMV schemes in the Philippines market. The certification is on behalf of local prospects who intend to use MOBI724 solutions to roll out a full EMV solution to their customers.
“This certification is expected to boost the reach of MOBI724 in the Philippines and gain access to many acquirers who are transitioning to EMV solutions.”
“We are proud of becoming one of the first local EMV certified end to end solution in the Philippines market which will allow us to serve the Philippines market with the EMV and all our card link solutions which include financial institutions, acquiring networks and merchants alike ” says Marcel Vienneau, CEO, MOBI724. “This EMV certification is expected to help acquirers to remain compliant with the Central Bank of Philippines (BSP) regulation.”
About MOBI724
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.
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.
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.MOBI724.com
- Published in Financial Technology, Mobi724 Global Solutions, News Home, Technology