Canamex Provides Update on Drilling Campaign at Bruner Gold Project
Canamex Provides Update on Drilling Campaign at Bruner Gold Project, Nye County, Nevada
Momentum Public Relations
Press Release: June 21, 2017
Vancouver, British Columbia–(Newsfile Corp. – June 21, 2017) – Canamex Resources Corporation (TSXV: CSQ) (“Canamex” or the “Company“) is pleased to provide the following update on the Company’s current drilling campaign at its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Bruner Gold Project in Nye County, Nevada.
As outlined in its news release of May 30, 2017, Canamex intends to drill approximately 3,000 metres of reverse circulation drilling in 18-20 drill holes. Ten to twelve holes are scheduled to be drilled at the north end of the Historic Resource Area, with the remaining six to eight holes to be drilled at the Penelas target area.
The Company confirms that this drilling campaign recently started at Bruner. To date, the program is going well and Canamex has completed three holes and is currently drilling the fourth hole in the Penelas resource area. Drill samples from the first two holes have been sent to the lab for analysis, and samples from the third hole will be delivered shortly. The Company anticipates a minimum of a four to five-week turnaround for assay results, the results of which will be released to shareholders and the investing public upon Canamex receiving and reviewing this information.
Drill samples will be transported by independent contractor to the ALS Minerals sample preparation facility in Sparks, Nevada, where they will be dried, crushed, split and pulverized and from whence a representative sample split of pulps will be sent to the ALS Minerals analytical facility in Vancouver, BC for gold and silver fire assays.
Successful drilling results will be followed by any necessary permit amendments and continued drilling.
Readers are advised to consult the Company’s news release issued on May 30, 2017 for more detailed information on the current drilling campaign.
Greg Hahn, President and COO and a Certified Professional Geologist (#7122) is the Qualified Person under NI43-101 responsible for preparing and reviewing the technical data contained in this press release.
ON BEHALF OF THE BOARD
SIGNED: “Mark Billings“
Mark Billings, Chief Executive Officer
Phone: (514) 296-1641; mbillings@canamex.us
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, and the TSX Venture Exchange has in no way passed upon the merits of the transactions herein.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the planned future programs on the Bruner property; and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company’s planned future drilling program(s) on the Bruner property, will not be consistent with the Company’s expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company’s future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the Bruner property are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company’s future exploration programs will proceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.
- Published in Canamex Resources Corp., Mining, News Home
Savant Explorations Ltd. Announces Election of Directors, Proposed Name Change to Blue Moon Zinc Corp.
Savant Explorations Ltd. Announces Election of Directors, Proposed Name Change to Blue Moon Zinc Corp.
Momentum Public Relations
Press Release: June 21, 2017
VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 21, 2017) – Savant Explorations Ltd. (TSX VENTURE:SVT)(OTC:SVATF) (the “Company“) is pleased to announce that Patrick McGrath, Douglas Urch and Jack McClintock were elected as directors of the Company at the annual general and special meeting of the shareholders (the “Shareholders Meeting“) held Thursday, June 15, 2017 in Vancouver, B.C.. The shareholders also approved a special resolution adopting new Articles for the Company at the Shareholders Meeting. The Company’s new Articles are available for viewing under the Company’s profile on www.sedar.com.
The Company also plans to change its name to “Blue Moon Zinc Corp.” from “Savant Explorations Ltd.” to better reflect the Company’s focus on the Blue Moon zinc project. The name change and symbol change will be announced on receipt of regulatory approval.
“We felt this name change was an important first step as we focus our attention towards advancing our Blue Moon Zinc Project” says Patrick McGrath, CEO of Savant Explorations.
About Savant
The Company is focused on the wholly-owned advanced stage Blue Moon Zinc project. The Blue Moon project has a current resource estimate of 2.62 million tons with a grade of 6.01{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc in the Indicated category and 2.68 million tons with a grade of 5.98{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc in the Inferred category plus significant values of copper, silver and gold. The resource is open at depth and along strike and historical metallurgical testing indicates favourable recoveries. A NI 43-101 report detailing the resource and summarizing metallurgical recoveries is available on the company’s website (www.savantexplorations.com) and filed on SEDAR on February 21, 2008. The Company plans to advance the project to feasibility and permitting.
Qualified Persons
Jack McClintock, P. Eng, a Director of the Company, is a qualified person as defined by NI 43-101, has reviewed the scientific and technical information that forms the basis for this press release.
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. This release includes certain statements that may be deemed to be forward-looking statements. All statements in this release, other than statements of historical facts that address access to capital, regulatory approvals, exploration and development drilling, exploitation and development activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedar.com
Savant Explorations Ltd.
Patrick McGrath
CEO
1-832-499-6009
pmcgrath@bluemoonmining.com
www.savantexplorations.com
Anfield Resources Aims to be One of the Next Uranium Producers in the United States
Anfield Resources Aims to be One of the Next Uranium Producers in the United States
Momentum Public Relations
Press Release: June 21, 2017
June 21, 2017 / TheNewswire / MONTREAL, QUEBEC – Momentum PR client, Anfield Resources is listed on the TSX Venture exchange under the symbol ARY, as well as on the OTCQB in the US under the symbol ANLDF.
Momentum PR is pleased to have produced an informative and comprehensive report on Anfield Resources, available on the Momentum PR LinkedIn page.
Anfield Resources Highlights:
- – Anfield Resources Set to Profit From Coming Uranium Shortage With 60 Reactors Under Construction In 15 Countries
- – China Building One Reactor Every Five Months
- – Dutch Commodity Expert Predicts $100 a Pound After 2020
- – Anfield is building out a unique asset base with access to lower-cost, near-term uranium production capacity in Wyoming and a longer-term, larger-scale, uranium production opportunity in Utah
- – Unique Agreement With Uranium One Provides Additional Processing and Ability to Borrow Processed Uranium
Anfield Resources, (TSX VENTURE: ARY) (FRANKFURT: 0AD) (OTCQB: ANLDF) has positioned itself as one of the next major suppliers to the American nuclear energy industry.
The rollback in uranium prices that took place after Fukushima in 2011 is now starting to reverse, albeit slowly. After Fukushima, uranium prices fell from $73 a pound to a low of $18 a pound. While pricing has rebounded slightly, the current $20 level isn’t sustainable as it remains below the cost of production.
Factors which could drive the price upward are supply shortages caused by mine closures and increasing global demand. Today there 20 nuclear reactors under construction across the globe and China is building one new reactor every five months. Globally, 150 new nuclear reactors are in the planning stage.
Canadian-headquartered Anfield set up shop in the United States because 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of American electricity is generated by nuclear energy, and at present it imports over 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the uranium it uses.
Over the last four years, Anfield has acquired a number of conventional uranium assets in Utah, Colorado and Arizona as well as 24 ISR-amenable projects in Wyoming. An April 4, 2017, NI 43-101 report on one of the 24 Wyoming ISR assets, Red Rim, shows an indicated resource of 336,655 tons of mineralized material with an average grade of 0.17{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and an inferred resource of 472,988 tons of mineralized resource with an average grade of 0.163{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, for a total uranium resource of 2,681,896 pounds.
Anfield’s unique market position is derived through both its ownership of the Shootaring Canyon Mill and its agreement with Uranium One. The Shootaring Canyon Mill is one of only three licensed, permitted and constructed conventional uranium mills in the United States. The 500,000 pounds/year processing agreement with Uranium One allows Anfield to process uranium from its ISR assets without the capex and lengthy timeline required to build its own ISR processing plant. The agreement with Uranium One also allows Anfield to both buy and borrow processed uranium from Uranium One to fulfill contracts.
Anfield recognizes that, as the uranium price begins to climb as a result of the supply-demand imbalance, those with access to lower-cost production capacity will be the early beneficiaries in the uranium market. Therefore, Anfield’s Resin Processing Agreement with Uranium One – when paired with the 24 projects acquired in Wyoming – will be the near-term focus for the company. Once the uranium price climbs to a point where conventional uranium mining is feasible, Anfield can then aim to bring its conventional mill – Shootaring – online, which would significantly increase the company’s annual production capacity.
In addition, Anfield has 8,418,000 pounds of measured, indicated and inferred uranium resources in its four conventional projects in Utah and Arizona. More than enough to make it a major energy fuel provider in the American market. In March, the company closed an oversubscribed private placement with gross proceeds totalling $2,888,061.
The Momentum PR informative and comprehensive report on Anfield Resources is available on the Momentum PR LinkedIn page.
If you would like more information on Anfield Resources listed on the TSX-V under the symbol ARY with a market cap of C$8.75 million, or would like to arrange an interview with management please contact:
Momentum PR
Juliette Benard, Director Media Relations
+1.450.332.6939
About Momentum PR
Momentum PR is a cutting-edge public and investor relations consulting agency representing companies within the Canadian investment community.
Since 2009, Momentum PR has been servicing small and mid cap Canadian listed public companies, seeking to increase their exposure across North America. The focus at Momentum PR is on building and driving brand awareness. Momentum PR cultivates new audiences in the media and investment communities by proactively engaging interested parties on behalf of client companies through online and offline channels.
Disclaimer:
All editorial content contained herein is solely the responsibility of Momentum PR and does not reflect, in any way, the opinions of TheNewswire.ca Inc., its partner newswires and / or associated news services.
– See more at: The Newswire
- Published in Anfield Resources, Blog, Mining, News Home
Momentum Reports – Anfield Resources – June 2017
- Published in Anfield Resources, Blog, Mining, News Home
Majescor Resources to Change Name to Albert Mining Inc. and Announces a $550,000 Non-brokered Private Placement
Majescor Resources to Change Name to Albert Mining Inc. and Announces a $550,000 Non-brokered Private Placement
Momentum Public Relations
Press Release: June 20, 2017
Ottawa, Ontario / TheNewswire / June 20, 2017 – Majescor Resources Inc. (“Majescor” or the “Corporation”) (TSX-V: MJX) announces that it has decided to change its corporate name to “Albert Mining Inc.” The Corporation has adopted the name “Albert Mining Inc.”, and will formalize its re-branding initiatives in the near future, to reflect the acquisition of the entire mining division of DIAGNOS, including the Computer Aided Resources Detection System (“CARDS”), Manageo (claims management), as well as all the exploration projects and Royalties.
The name change is designed to eliminate confusion and better align the Corporation’s name to its current identity as it focuses efforts on exploration, services using its 2D-3D CARDS system using Artificial Intelligence (AI) and datamining. The common shares of the Corporation will begin trading under the new name on the TSX Venture Exchange (“TSX-V”), upon acceptance by the TSX-V, which should be shortly following the Corporation’s next annual and special meeting of shareholders scheduled for July 14, 2017. The Corporation will also apply for a new CUSIP number and ticker symbol. In the interim, the Corporation will continue to trade under the symbol “MJX” on the TSX-V until further notice. The Corporation’s website has changed from www.majescor.com to www.albertmining.com.
Majescor announces a $550,000 non-brokered private placement (the “Offering”) comprised of $250,000 in flow through common shares at an issue price of $0.12 per share and $300,000 in non-flow through common shares at an issue price of $0.10 per share with one common share purchase warrant (the “Warrant”). Each Warrant entitles the holder thereof to acquire one additional common share in the capital of the Corporation at a price of $0.16 per share for a period of twenty-four (24) months following the closing of the Offering. All securities issued in the Offering are subject to a four-month and one day “hold” period. The proceeds of the Offering will be used for exploration on the Corporation’s James Bay Kimberlites project located close to the Stornoway Diamond Mine, and Currie Madeleine and Wachigabau gold projects located in the Lebel sur Quevillon region, Quebec.
About Majescor Resources Inc.
Majescor is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec. Majescor also recently acquired assets from DIAGNOS Inc.’s mining division, including the Computer Aided Resources Detection System (“CARDS”).
For further information, please contact:
Michel Fontaine
President and CEO of Majescor Resources Inc.
Telephone: 514-994-5843
Fax: 613-422-0773
Email: michel@majescor.com
Website: www.majescor.com
Additional information about the Corporation is available under Majescor’s profile on SEDAR at www.sedar.com.
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.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Albert Mining, Mining, News Home
King’s Bay Identifies VTEM Target at Lynx Lake Copper-Cobalt Project, Southeastern Labrador
King’s Bay Identifies VTEM Target at Lynx Lake Copper-Cobalt Project, Southeastern Labrador
Momentum Public Relations
Press Release: June 19, 2017
Vancouver. British Columbia (FSCwire) – 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 after an in depth analysis of Geotech Ltd.’s VTEM geophysical survey, a high priority electromagnetic target has been located at King’s Bay’s 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Lynx Lake Copper-Cobalt Project in southeastern Labrador.
After the data compilation and analysis of Geotech Ltd.’s. helicopter-borne Versatile Time Domain Electromagnetic System (VTEM), King’s Bay’s technical team has identified a shallow anomaly of high resistivity in what is known as the “west pit” which is directly adjacent to the Trans-Labrador Highway. The size of the anomaly is anticipated to be ranging in depth from 50-300 meters and estimated to be approximately 400 meters in diameter. The “west pit” has been historically sampled yielding assays of up to 1.03{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Copper, 0.56{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cobalt, 0.23{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Vanadium, 0.10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Nickel and 5.0g/t Silver.
Exploration Program
King’s Bay plans to assemble a technical field team immediately to investigate the VTEM anomaly. This summer’s program will be completed by executing a more local, higher resolution ground geophysical survey followed by potential stripping of overburden to the south of the pit so bedrock can be exposed. In addition to this, a reconnaissance team will begin to investigate the southeastern portion of the property to follow up on the anomalous historical soil samples. Detailed mapping and sampling in the two pits will aid in understanding of mineralization controls.
Kevin Bottomley states “The positive identification of an anomaly in the west pit will allow King’s Bay to initiate a highly focused exploration program at Lynx Lake with a relatively low cost. This is exactly what we were hoping for when we initiated the VTEM program with Geotech”.
About VTEM
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 advertised to be able to delineate potential drill hole targets from the airborne results. In addition, it also has excellent resistivity discrimination to enable the detection of weak anomalies.
Lynx Lake Project
The Lynx Lake Copper-Cobalt Property consists of 959 mineral claims encompassing a land area of approximately 240 square kilometers, located 100 kilometers southeast of Happy Valley Goose Bay, Newfoundland and Labrador. Historic grab sampling on the property has returned samples assaying up to 1.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu, 0.94{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Co, 0.21{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Ni and 6.5g/t Ag. Government regional low resolution residual magnetic surveys and preliminary handheld electromagnetic surveys done by local prospectors have shown strong conductors beneath the overburden, and provide incentive to explore the area further for additional subsurface mineralization. The Project is located directly adjacent to a 3 phase powerline and the Trans-Labrador Highway.
NI 43‐101 Disclosure
Edward Lyons, P. Geo. supervised the preparation of the technical information in this news release and is a qualified person as defined by National Instrument 43‐101.
About King’s Bay
King’s Bay is focused on the exploration of cobalt and other high‐tech metals in North America. The Company believes in this emerging fast‐growth sector and will continue to seek out and evaluate properties that show promise for development. King’s Bay Gold Corp is operating as “King’s Bay”.
On Behalf of the Board
Kevin Bottomley CEO, President
For Investment Inquiries please contact:
Brad Hoeppner Director
O: 604 681 1568
Forward Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the Company may not raise sufficient funds to carry out our plans, changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on current data that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; the availability of labour, equipment and markets for the products produced; and despite the current expected viability of the project, that the minerals on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine cannot be obtained. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/kingsbay06192017.pdf
Source: King’s Bay Gold Corporation (TSX Venture:KBG)
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- Published in King's Bay, Mining, News Home
MOBI724 Global Solutions Inc. Welcomes Two Veterans to its Senior Executive Management Team to accelerate growth in the USA and secure deliveries in our markets
MOBI724 Global Solutions Inc. Welcomes Two Veterans to its Senior Executive Management Team to accelerate growth in the USA and secure deliveries in our markets
Momentum Public Relations
Press Release: June 19, 2017
MONTREAL, QUEBEC–(Marketwired – June 19, 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, today announced that Michael Schuck had joined the company as Chief Sales Officer (CSO) and Johnny Hawa has taken the position as Chief Operating Officer (COO).
Michael Schuck has more than 30 years of experience in banking and financial services. Most recently, Mr. Schuck was President of Omnico Solutions, a consulting company representing innovative companies in the financial services industry. Previously, Michael spent 16 years with MBNA as a Senior Executive Vice President and member of their Senior Operating Committee where he held numerous senior level positions including Head of Sales and Head of Financial Institutions (white labelling of credit cards for over 2000 Banks and Credit Unions). Earlier in his career, he worked at both Avon Products and Investors Retirement and Management Corporation, an investment firm. Michael has held a number of financial services licenses and holds both a BBA (Accounting) and an MBA (Finance) from Iona College in New Rochelle, New York.
Johnny Hawa, Co-founder of MOBI724 Solutions (Couponing) has more than 25 years of experience in setting up organizations focused on sales and delivery. Mr Hawa is a natural & successful entrepreneur backed by a solid 16 years career in Ericsson starting in Montreal where he serviced the American and Asian markets, followed by Spain to service Europe, the Middle East and Africa and finally out of Argentina to cover Latin America. Johnny has been responsible for several successful platform deployments during the rollout of the prepaid, IN and multimedia solutions in Asia, EMEA and Latam as part of the large Telecom networks rollout projects. His last mandate in Ericsson was to head the Multimedia & Systems Integration sales for Latin America. Mr. Hawa has a long track record in delivering quality solutions and services to the customers. For the past 5 years Mr Hawa has been MOBI724’s VP for Latam and Head of Operations in the same region securing the initial rollout of MOBI724’s solutions in that region and ensuring a high level of customer satisfaction. Johnny is a Computers and Communications Engineer, with an MSc. in Telecom from the INRS-Université du Quebec.
“We are delighted to welcome both Michael and Johnny to MOBI724’s senior executive management team,” says Marcel Vienneau, CEO, MOBI724. “Our company is in the midst of significant growth and in order to optimally manage these opportunities and projects, we need to reassign and recruit exceptionally talented and dedicated individuals. Our ability to attract and retain such capable individuals is also a testament to the strength of our business model and the completeness of our vision. On behalf of the MOBI724 team, I would like to congratulate Johnny for his new assignment and offer Michael a very warm welcome.”
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
CEO
1-514-394-5200 x 413
www.MOBI724.com
- Published in Financial Technology, Mobi724 Global Solutions, News Home, Technology
Internet of Things Inc. Signs Letter of Intent to Acquire Weather Telematics Inc.
Internet of Things Inc. Signs Letter of Intent to Acquire Weather Telematics Inc.
An Emerging Global Leader in AI & Autonomous Vehicle Solutions
Momentum Public Relations
Press Release: June 15, 2017
TORONTO, ON–(Marketwired – June 15, 2017) – Internet of Things Inc. (TSX VENTURE: ITT) (OTC: INOTF)(FRANKFURT: 71T) (“ITT Inc.” or the “Company“) is pleased to announce it has signed a Letter of Intent (“LOI”) to acquire Ottawa, Canada-based Weather Telematics Inc. (“WTX Inc.” or “Weather Telematics“) through its IoT Labs Inc. subsidiary. WTX Inc. is an emerging global leader in predictive artificial intelligence and in autonomous vehicle solutions. Weather Telematics is at the forefront of the explosive growth opportunity presented by the combination of Artificial Intelligence (AI) and the rapidly expanding Autonomous Vehicle market. The market size for AI systems for smart transportation is projected to be US$220 Billion by 2021, and US$87 billion by 2030 for Autonomous Vehicle Systems, according to Markets and Markets. WTX Inc.’s products have established market viability, are generating revenue, and the company is on track to deliver positive earnings in 2018.
Currently, Weather Telematics uses a proprietary vehicle-mounted mobile IoT sensor network and AI machine learning system to generate real-time and predictive road weather conditions, road hazard risk alert notifications and dynamic routing applications.
The combination of WTX Inc.’s IoT sensor network and AI platform, is also applicable in various industrial IoT solutions that ITT Inc. is targeting, including but not limited to: measuring and monitoring factory air quality; optimizing the supply chain; logistics and asset tracking. Weather Telematics’ specialized and proprietary sensor design capabilities can be developed for custom chemical and optical solutions for the energy; manufacturing; aerospace and agricultural sectors.
Going forward, ITT Inc. plans to expand the capabilities of WTX Inc.’s technology and use its advanced sensor and predictive analytics capabilities for its key industrial IoT markets. In addition, Weather Telematics’ proprietary AI platform combined with their sensor technology provides real-time and predictive data analytics capabilities, that can be modified for multiple industrial IoT applications for North America and abroad.
WTX Inc. currently has multi-year contracts with several organizations including:
- United States National Weather Service;
- a global Tier One auto manufacturer; and
- Geotab, amongst others customers.
In addition, the Company was recently selected by:
- Michelin as one of ten North American companies to showcase at the global Movin’ On Mobility Conference (June 13-15, 2017);
- TechStars as one of 50 emerging connected and autonomous mobility companies to showcase at the Detroit Auto Show (NAIAS AutoMobili-D), (January 2017).
“We are excited to launch a new era of growth for WTX with Internet of Things Inc.”, said Robert Moran, CEO of WTX Inc. “ITT Inc.’s vision to maximize the opportunities presented by the emerging IoT marketplace closely aligns with our strategy to apply predictive data and IoT sensor networks, to solve some of the global challenges facing the transportation, insurance and weather sectors. The deal makes sense for both parties to combine our strengths to accelerate adoption of AI and IoT in addition to expanding our reach into China through ITT Inc.’s JV with New Hope”.
“We are impressed by the team behind WTX, their solution offerings, and the acceptance and orders that they have secured from leading edge global automotive, insurance and navigation companies. We are looking forward to working together to grow and expand WTX’s platform from the autonomous vehicle to the industrial IoT markets in North America and internationally including China through our New Hope JV” said Michael Frank, CEO of ITT Inc.
The consideration for the acquisition of WTX Inc. is CAD$3.0 million in cash, shares and assumption of debt. It is anticipated that ITT Inc. will close the acquisition of WTX Inc. within the next 90 days.
The transaction is subject to completion of ITT’s due diligence and board approval from both ITT Inc. and WTX Inc. along with TSX Venture Exchange approval.
About Weather Telematics Inc.
Founded in 2010, WTX Inc. is a Canadian-based, global IoT data science company offering road safety data products for industrial, government and consumer markets. WTX Inc. uses a proprietary vehicle-mounted mobile IoT sensor network and AI machine learning system to generate real-time and predictive Road Weather Conditions, Road Hazard Risk Alert Notifications and Dynamic Routing applications. The WTX Inc. platform mitigates weather risk, reduces traffic congestion and makes connected and autonomous navigation safer in all types of road conditions.
To learn more, visit: www.weathertelematics.com
Follow Weather Telematics on:
Twitter: https://twitter.com/weathertx
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, cybersecurity, e-commerce and fintech. ITT Inc. has a joint venture partnership with New Hope Data Technology Co., Ltd. for China and 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:
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
Sage Gold Announces Private Placement of Flow-Through Shares
Sage Gold Announces Private Placement of Flow-Through Shares
Momentum Public Relations
Press Release: June 13, 2017
TORONTO, ONTARIO–(Marketwired – June 13, 2017) – Sage Gold Inc. (“Sage Gold” or the “Corporation”) (TSX VENTURE:SGX) is pleased to announce that it intends to complete a non-brokered private placement (the “Offering”), subject to regulatory approval. The Offering will consist of the sale of 4.2 million common shares of the Corporation, on a Flow-Through share basis (“FT shares“) for gross proceeds of approximately $1.0 million. Eligible finders may receive in cash of up to 7{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and compensation share purchase warrants of up to 7{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Offering. Each share purchase warrant entitles the holder to purchase its holder to purchase one common share at an exercise price of $0.30 per share for a period of 36 months following the closing date, whereupon the warrants will expire.
The Corporation may at its discretion sell additional FT shares to raise additional proceeds of up to twenty-five per cent (25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) of the Offering.
Securities issued pursuant to the Offering shall be subject to a four-month hold period commencing on the Closing Date under applicable Canadian securities laws. The Corporation intends to use the net proceeds from the Offering to incur Canadian Exploration Expenses (CEE) on its Clavos and Onaman properties.
The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.
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 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Clavos Gold property (“Clavos Project“) in Timmins and the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Onaman property including the Lynx copper, gold, silver property and other exploration properties in the Beardmore-Geraldton Gold Camp.
Sage Gold currently plans to complete a reserve estimate and a prefeasibility study regarding the Clavos Project. In the event that a production decision is made that is not based on a feasibility study of mineral reserves demonstrating economic and technical viability prepared in accordance with National Instrument 43-101, readers are cautioned that there is increased uncertainty and higher risk of economic and technical failure associated with such production decisions.
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.
CAUTIONARY STATEMENT
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.
This news release may contain forward looking information and the Company cautions readers that forward-looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of the Company included in this news release. This news release includes certain “forward-looking statements”, which often, but not always, can be identified by the use of words such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements with respect to the Company’s future plans, objectives or goals, to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, metallurgical processing, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR. This list is not exhaustive of the factors that may affect any of the Company’s forward- looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Shares 68,486,783
Nigel Lees
President and CEO
416-204-3170
nlees@sagegoldinc.com
www.sagegoldinc.com
Inca One closes $1.1-million first tranche of financing
Inca One closes $1.1-million first tranche of financing
Momentum Public Relations
Press Release: June 12, 2017
Inca One Gold Corp. has closed the first tranche of its previously announced (June 9, 2017) non-brokered private placement for gross proceeds of $1.1-million by the issuance of 11 million units at a subscription price of 10 cents per unit.
Each unit comprises one common share of the company and one-half of one transferable common share purchase warrant. Each whole warrant will be exercisable to purchase an additional share of the company at an exercise price of 15 cents for a period of 18 months from the closing date. The company intends to close the final tranche of the private placement shortly.
The proceeds from the offering will be used for operating cost reductions, plant infrastructure upgrades and mineral purchases. All securities issued pursuant to the private placement are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation.
About Inca One Gold Corp.
Inca One is a Canadian-based mineral processing company. The company’s activities consist of the production of gold and silver from the processing of purchased minerals located in Peru. Peru is the sixth-largest producer of gold in the world, and the Peruvian government estimates the small-scale mining sector accounts for a significant portion of all Peruvian gold production, estimated to be valued approximately $3-billion (U.S.) annually. The company purchases its minerals from government-registered small-scale mining producers from various regions and processes it at its Chala One milling facility located in Chala, southern Peru.
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- Published in Inca One Gold Corp, Mining, News Home