Sirona Biochem CEO’s Report on Progress
Momentum Public Relations
Press Release: September 21, 2017
VANCOUVER, BC–(Marketwired – September 21, 2017) – Sirona Biochem Corp. (TSX VENTURE: SBM) (FRANKFURT: ZSB) is pleased to provide a corporate update.
Dear Shareholders,
I would like to thank you for your continued support while we work through the negotiations for our skin lightener. The following is an update on our progress to date.
Skin Lightener, TFC-1067
We are pleased to announce that we have exchanged term sheets and advanced negotiations are ongoing with potential global partners. We will update our shareholders immediately upon any material change in the status of negotiations.
SGLT2 Inhibitor, SBM-TFC-039 (Wanbang)
Wanbang Biopharmaceuticals provided a progress report on the IND (Investigational New Drug) package that will go to the China Food and Drug Administration (CFDA). In vivo studies show that the SGLT2 Inhibitor significantly lowered blood glucose levels.
Further in vivo and in vitro studies, including toxicology, are wrapping up now and results are expected by November. CMC (chemistry, manufacturing and control) studies on pharmaceutical grade batch preparations are complete and have met reference standards for use in clinical studies.
Wanbang expects to file the IND to the CFDA by the end of this year. This will trigger another milestone payment of $500,000 USD to Sirona.
Recently, the Indian subsidiary of a global pharmaceutical company has expressed interest in licensing SBM-TFC-039 for India and have begun due diligence.
Cell Preservation and Anti-Aging (Glycoprotein) Library
In December 2016, we concluded testing of our glycoprotein compound library. Studies were successful in showing efficacy against various stressors in skin cells. There are many potential commercial applications of these compounds and interested partners requested a better understanding of the mechanism of action. We decided to go back to testing and do a full genomic study. These results will show us the pathways being affected within the cells and enable us to develop a more complete package of information for prospective companies. We are currently waiting for the report and anticipate receiving it early October 2017.
Acne Compound
Several of the compounds have completed chemistry and we will begin preclinical testing in Q4 2017. This was moved out slightly from mid-2017 due to chemistry process optimization.
Keloid Compound
We are working to put in place a Contract Research Organization (CRO) based in Europe with expertise in Keloid research to assist us. This has been delayed due to resource allocation.
Skin Lightener, TFC-849 (Valeant)
Our skin lightener asset, TFC-849, will be transferred with the sale of Obagi to Haitong International Zhonghua Finance Acquisition Fund I LP. The transaction is expected to be completed this year and we are continuing to work with Valeant during the transition. Limited partners of the fund include China Regenerative Medicine International Ltd. CRMI is a public company, traded on the Hong Kong stock exchange and currently focuses on three major business segments: tissue engineering, cell therapy, and cosmetics. With a China based company, they are well positioned to enter the skin lightening market.
Again, we thank you for your continued support and patience during this time.
Sincerely,
Dr. Howard Verrico, CEO
Sirona Biochem cautions you that statements included in this press release that are not a description of historical facts may be forward-looking statements. Forward-looking statements are only predictions based upon current expectations and involve known and unknown risks and uncertainties. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of release of the relevant information, unless explicitly stated otherwise. Actual results, performance or achievement could differ materially from those expressed in, or implied by, Sirona Biochem’s forward-looking statements due to the risks and uncertainties inherent in Sirona Biochem’s business including, without limitation, statements about: the progress and timing of its clinical trials; difficulties or delays in development, testing, obtaining regulatory approval, producing and marketing its products; unexpected adverse side effects or inadequate therapeutic efficacy of its products that could delay or prevent product development or commercialization; the scope and validity of patent protection for its products; competition from other pharmaceutical or biotechnology companies; and its ability to obtain additional financing to support its operations. Sirona Biochem does not assume any obligation to update any forward-looking statements except as required by law.
For more information regarding this press release, please contact:
Christopher Hopton
CFO
Sirona Biochem Corp.
Phone: 1.604.282.6064
Email: chopton@sironabiochem.com
- Published in Bio technology, Life Sciences, News Home, Sirona Biochem
Puma Exploration Provides Update
Momentum Public Relations
Press Release: September 15, 2017
RIMOUSKI, QUEBEC–(Marketwired – Sept. 15, 2017) – Puma Exploration Inc. (the “Company” or “Puma”) (TSX VENTURE:PUM)(SSE:PUMA) announces an update on the field activities and other various corporate matters. Puma Exploration has completed its initial drilling program at the Murray Brook Deposit in the Bathurst Mining Camp (BMC) of New Brunswick.
A preliminary three (3) holes drilling program totaling 774 meters designed to verify the depth and surface extensions of the Murray Brook massive sulphide deposit was completed. The geologists are currently logging the core, sampling the mineralized zones and modelling new interpretations. The results will be released as soon as they become available. In the light of the current observations, a more aggressive drilling program will be launched following a borehole EM survey on the Deposit.
Annual Meeting Results
Puma Exploration held its Annual General Meeting on August 24th. All proposals submitted have been endorsed by shareholders. These proposals included the appointment of Directors and Auditors and the adoption of a Shareholder Rights Plan (SEDAR 2011-July, 25th). A total of shareholders representing more than 28{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the capital stock of the Company have voted positively on these proposals. Directors have been elected to the Board with an approval rate of 81{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} or more for each of the following candidates: Ms. Anne Slivitzky, Ms. Isabelle Valiquette and Mr. Marcel Robillard, Arness Cordick and Richard Thibault.
In addition, during the meeting of the Board of Directors that followed the AGM, Mr. Marcel Robillard was re-elected president and CEO and Mr. Cordick, Chairman of the Board of Directors. Mr. Dominique Gagné was re-elected to the position of vice-president exploration, while Ms. Ginette G. Brisson was re-elected to the positions of CFO and Secretary. Ms. Anne Slivitzky, Mr. Richard Thibault, and Marcel Robillard will form the audit committee.
Shareholder Rights Plan
A Shareholder Rights Plan is a mechanism, commonly used by public companies, designed to assist the board in ensuring the fair and equal treatment of all shareholders in the face of an actual or contemplated unsolicited bid to take control of the company.
The objective of Puma’s Shareholder Rights Plan is to ensure that, in the event of a bid for control through an acquisition of the Company’s common shares, the Board of Directors of Puma has sufficient time to evaluate the bid, explore and develop alternatives in order to maximize shareholder value while seeing to the best interests of the Company.
Stock Option
In accordance with its compensation policy and stock option plan, on September 15th, 2017, the Board of Directors of Puma Exploration (TSX VENTURE:PUM) granted 2,850,000 stock options with an exercise price of $0.10, expiring on September 15th, 2022, distributed as follows:
Directors | 1,250,000 options |
Employees and service providers | 1,600,000 options |
Private Placement
Puma has closed a non-brokered private placement financing of flow-through units with qualified investors, employees and consultants. The company issued 1,250,000 units at an issue price of eight cents per unit for gross proceeds of $100,000. Each flow-through unit comprises one flow-through common share and one-half of one common share purchase warrant. Each full warrant gives its holder the right to purchase one common share at a price of fifteen cents per share until September 15th, 2019.
In connection with this private placement, the Company has paid cash finders’ fees in an amount of $4,000 and issued 50,000 finder warrants, which will entitle holder to acquire one additional common share of Puma at a price of eight cents for 24 months.
All securities issued to purchasers and finders under the offering are subject to a four-month hold period from the date of issuance of the securities, pursuant to applicable securities legislation and the policies of the TSX Venture Exchange. The placement has received the conditional approval of the TSX-V. The proceeds of the offerings will be used for the exploration and development of Puma’s properties in New Brunswick.
Murray Brook Deposit (Bathurst Mining Camp)
The underground sulphide mineral resource estimate of the Murray Brook Deposit comprises measured and indicated mineral resources totalling 5.28 million tonnes averaging 5.24 per cent zinc, 1.80 per cent lead, 0.46 per cent copper, 68.9 grams per tonne silver and 0.65 g/t gold. It contains 610 million pounds of zinc, 209 million pounds of lead, 54 million pounds of copper, 11.7 million ounces of silver and 111,000 ounces of gold at a $85 per-tonne NSR (net-smelter-return) cut-off in the sulphide measured and indicated categories. On February 20th 2017, the NI 43-101 report was accepted and filed on SEDAR.
Puma is actually updating the PEA on the Murray Brook Deposit. Various economic and development scenarios are currently studied, from a large open pit to a high grade zinc underground operation.
About the Murray Brook Project
The Murray Brook Project consists of three (3) distinct contiguous areas that cover more than 18 kilometers of the favorable rock hosting the operating Caribou Mine (Trevali Mining Corp.), the Murray Brook Deposit and the past operating Restigouche Mine (Trevali Mining Corp.). From east to west, they are the Murray Brook East Property (4925), the Murray Brook Mining Lease (# 252) and the Murray Brook West Property (7846). The Murray Brook East and Murray Brook West Properties have been subject to various degrees of exploration and share the same potential of increasing the mineral resources defined at the Murray Brook Deposit.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are an option to acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per-cent beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project located in New Brunswick as well as an equity interest in BWR Resources. Puma’s objective for the coming year is to focus its exploration efforts in New Brunswick.
You can visit us on Facebook and Twitter.
Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
The contents of this press release were prepared by Marcel Robillard, P.Geo., a Qualified Person as defined in NI 43-101. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma Exploration Inc. to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, except as required by law. Puma Exploration undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.
Puma Exploration Inc.
Marcel Robillard
President
(418) 724-0901
president@explorationpuma.com
www.pumaexploration.com
- Published in Mining, News Home, Puma Exploration
‘Premium Zinc Asset’ Comes Along Once in a Blue Moon
With a new name, new management and renewed vigor, a company is advancing its wholly owned zinc project in California.
The price of zinc has been on a tear over the last year with its price rising from around $1.00/lb to as high as $1.45, before falling back slightly to $1.39. A decrease in supply is widely credited as being a major factor in the price rise; in 2015 Australia’s massive Century zinc mine closed, followed by Ireland’s Lisheen zinc mine in 2016.
Blue Moon Zinc Corp. (MOON:TSX.V) is one of the companies focusing on filling the supply gap. The company’s advanced-stage Blue Moon project in California, which produced zinc during World War II, saw exploration during the 1980s and into the early 2000s.
CEO Patrick McGrath started as a shareholder in Blue Moon and originally intended for it to be just an investment. But as the company’s share price went south even as the price of zinc increased, McGrath led a management and board shake-up that saw him installed as CEO in May.
Under new management, Blue Moon has not been sitting still; the company just released an operational update. CEO Patrick McGrath stated, “The culmination of our historical data review continues to reinforce our opinion that the Blue Moon zinc project is a premium zinc asset. We’ve set out several short-term objectives to highlight the project’s robustness.”
Blue Moon reported that since May, “management and technical advisors have assembled and reviewed the extensive database prepared by past operators, including Imperial Metals and Boliden (formerly Westmin). The historical database includes extensive plans to put the Blue Moon project into production, including several scoping and optimization studies.”
The NI-43-101-compliant resource assessment from 2008 estimated “2.62 million tons with a grade of 6.01{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc for approximately 315 million pounds of zinc in the Indicated category and 2.68 million tons with a grade of 5.98{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc for approximately 320 million pounds of zinc in the Inferred category plus significant values of copper, silver and gold,” according to the company. “The resource is open at depth and along strike and historical metallurgical testing indicates favourable recoveries.”
The pricing used in 2008 for the resource was $0.75/lb zinc, $2/lb copper, $600/oz gold and $8.50/oz silver. The company is updating the resource to use more current pricing and expects to release it in Q4/17.
Blue Moon is also working on a maiden preliminary economic assessment for the Blue Moon project and expects to release it in Q1/18.
The company is also focusing on permitting. The project is located in Mariposa County, an area that was part of the California Gold Rush and one that still has active mines and exploration projects. Blue Moon recently announced that it has engaged Sespe Consulting, “an environmental engineering firm with a successful record of permitting mining projects in California, including a key role in the permitting of the Golden Queen Soledad Mountain mine in 2015.” Lutz Klingmann, former CEO of Golden Queen Mining who led that company’s Southern California Soledad Mountain project through permitting, financing and construction, is an advisor to Blue Moon.
And to solidify its new persona, in July, the company changed its name to Blue Moon Zinc Corp. from Savant Explorations Ltd. and began trading on the TSX Venture Exchange under the ticker MOON.
The company’s share price recently increased 75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} from $0.04 to $0.07, before falling back slightly to $0.066.
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Defiance Announces Closing of $1.2M in Private Placement
Momentum Public Relations
Press Release: September 15, 2017
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 15, 2017) – Defiance Silver Corp. (“Defiance” or “Company”) (TSX VENTURE:DEF) (OTC:DNCVF), an emerging silver explorer currently advancing the San Acacio Silver Deposit in Zacatecas, Mexico, is pleased to announce that it is closing on a first tranche of $1,254,000 of a non-brokered private placement consisting of up to 7,000,000 units at a price of $0.30 per unit for gross proceeds of up to $2,100,000 (the “Offering”). Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire an additional common share of Defiance for a period of twenty-four (24) months at an exercise price of $0.45. The securities issued under the Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws. The warrants are subject to an acceleration clause such that if the closing price of the Company’s shares on the TSX Venture Exchange is at or above $0.65 per share for a period of ten consecutive trading days during the term of the warrants, the Company may accelerate the expiry date of the Warrants to not less than 30 days following the date of notice.
The funds raised in this financing will be used to advance its San Acacio Silver Deposit, currently totaling 17,961,000 silver equivalent ounces at a silver equivalent grade of 192.50 g/t Ag, contained within a zone 1.2km in length and to a depth of 175m. Use of proceeds will be used to commence a drill program and follow up on encouraging drill results to date which continue to expand the mineralization at depth and along strike, and most importantly outside the limits of the current resource. Defiance recently intercepted wide zones of mineralization returning 27 metres grading 203 g/t silver equivalent (see the Press Release dated June 8, 2017), and will be releasing results from an additional five holes shortly. Defiance’s exploration drill results are not included in the current resource.
“We are very pleased and would like thank our shareholders, insiders and management in participating and securing the funds to advance the San Acacio Silver Deposit in becoming a premier silver asset in Zacatecas, Mexico” said Roy Bonnell, CEO of Defiance Silver. “With long term drill permits in place, we can look to commence our next phase of drilling to continue to grow the resource, but also test several targets along the 900m strike extension to the southeast”
Closing of the Offering is subject to receipt of all the required regulatory approvals including the approval of the TSX Venture Exchange. The Company may pay finder’s fees in compliance with TSX Venture Exchange policies on some or all of the Offering.
A Panoramic Video on the San Acacio Deposit is available on our website, or Click Here to visit our Defiance YouTube Channel. Defiance Silver Corp. is a silver explorer and developer advancing the San Acacio Deposit, located in the historic Zacatecas Silver District of central Mexico. Defiance is managed by a team of proven mine developers with a track record of exploring and developing seven operating mines to date. Defiance’s corporate mandate is to expand San Acacio to become one of Mexico’s premier high grade wide vein silver deposits.
Mr. Bruce Winfield, P.Geo., consultant to Defiance Silver Corp, is a Qualified Person within the meaning of National Instrument 43-101, and has approved the technical information concerning the Company’s material mineral properties contained in this press release.
On behalf of Defiance Silver Corp.
Roy Bonnell, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Defiance Silver Corp.
Sunny Pannu
Corporate Development
(604) 669 7315
pannu@defiancesilver.com
Defiance Silver Corp.
2300 – 1177 West Hastings Street
Vancouver, BC V6E 2K3
604-669-7315
info@defiancesilver.com
www.defiancesilver.com
- Published in Defiance Silver, Mining, News Home
Inca One Gold Announces 124 Increase in YOY Gold Production in July and August 2017
Momentum Public Relations
Press Release: September 13, 2017
VANCOUVER, BC – September 13, 2017 – INCA ONE GOLD CORP. (TSXV: IO, Frankfurt: SU9.F, SSEV: IOCL) (“Inca One” or the “Company”) is pleased to announce gold production in July and August 2017 more than doubled from the same period last year, increasing to 1,780 ounces, an increase of 124 year-over-year, and an increase of 9 from the prior two months of May and June 2017.
During the two months, the Company achieved an average throughput of 67.4 tonnes per day (“TPD”), an increase of 180 from the comparable two-month period in 2016, and an increase of 13from the prior two-month period of May and June 2017. Over July and August 2017, the Company processed approximately 4,178 tonnes of material, compared to 1,492 tonnes year-over-year, (an increase of 180).
Inca One’s supply of gold bearing material for processing continued to increase steadily. Mineral received in July and August 2017 was 4,260 tonnes an increase of 132 year-over-year, and 10when compared to the prior two-month period of May and June 2017.
Inca One President and CEO, Edward Kelly stated, “July and August was another productive period for Chala One and our operations team is to be commended for solid and consistent production numbers. I am pleased with our continued growth entering the second half of the year, keeping Inca One on track towards our goal of positive cash flow.”
About Inca One
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 6th 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 US$3 billion 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.
On behalf of the Board,
Edward Kelly,
President and CEO
INCA ONE GOLD CORP.
For More Information Contact:
Konstantine Tsakumis
Inca One Gold Corp.
Email: ktsakumis@incaone.com
Telephone: 604-568-4877
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 NEWS RELEASE.
Statements regarding the Company which are not historical facts are “forward-looking statements” that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as: (i) fluctuation of mineral prices; (ii) a change in market conditions; and (iii) the fact that future operational results may not be accurately predicted based on this limited information to date. Except as required by law, the Company does not intend to update any changes to such statements. Inca One believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
- Published in Inca One Gold Corp, Mining, News Home
Sirona Biochem Announces Resignation of Board Director
Momentum Public Relations
Press Release: September 13, 2017
VANCOUVER, BC–(Marketwired – September 13, 2017) – Sirona Biochem Corp. (TSX VENTURE: SBM) (FRANKFURT: ZSB) (XETRA: ZSB) announced today the resignation of Dr. Martin Gleave from the board of directors. Dr. Gleave is involved in a new venture that could result in a potential conflict. Accordingly both Dr. Gleave and the Company felt a resignation was most appropriate.
“We’d like to thank Dr. Gleave for his contribution to our company,” said Dr. Howard Verrico, CEO. “We wish him well in his future endeavors.”
About Sirona Biochem Corp.
Sirona Biochem is a cosmetic ingredient and drug discovery company with a proprietary platform technology. Sirona specializes in stabilizing carbohydrate molecules with the goal of improving efficacy and safety. New compounds are patented for maximum revenue potential.
Sirona’s compounds are licensed to leading companies around the world in return for licensing fees, milestone fees and ongoing royalty payments. Sirona’s laboratory, TFChem, is located in France and is the recipient of multiple French national scientific awards and European Union and French government grants. For more information, please visit www.sironabiochem.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Sirona Biochem cautions you that statements included in this press release that are not a description of historical facts may be forward-looking statements. Forward-looking statements are only predictions based upon current expectations and involve known and unknown risks and uncertainties. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of release of the relevant information, unless explicitly stated otherwise. Actual results, performance or achievement could differ materially from those expressed in, or implied by, Sirona Biochem’s forward-looking statements due to the risks and uncertainties inherent in Sirona Biochem’s business including, without limitation, statements about: the progress and timing of its clinical trials; difficulties or delays in development, testing, obtaining regulatory approval, producing and marketing its products; unexpected adverse side effects or inadequate therapeutic efficacy of its products that could delay or prevent product development or commercialization; the scope and validity of patent protection for its products; competition from other pharmaceutical or biotechnology companies; and its ability to obtain additional financing to support its operations. Sirona Biochem does not assume any obligation to update any forward-looking statements except as required by law.
For more information regarding this press release, contact:
Christopher Hopton
CFO
Sirona Biochem Corp.
Phone: 1.604.282.6064
Email: chopton@sironabiochem.com
- Published in Bio technology, Life Sciences, News Home, Sirona Biochem, Technology
Blue Moon Provides Corporate Update
Momentum Public Relations
Press Release: September 12, 2017
VANCOUVER, Sept. 12, 2017 /CNW/ – Blue Moon Zinc Corp. (TSXV: MOON; US OTC: BMOOF) (the “Company“) is pleased to announce an update on continuing corporate and operational progress since the management and board changes in May 2017.
Patrick McGrath, Chief Executive Officer, stated, “The culmination of our historical data review continues to reinforce our opinion that the Blue Moon zinc project is a premium zinc asset. We’ve set out several short-term objectives to highlight the project’s robustness.”
Since May, the Company’s management and technical advisors have assembled and reviewed the extensive database prepared by past operators, including Imperial Metals and Boliden (formerly Westmin). The historical database includes extensive plans to put the Blue Moon project into production, including several scoping and optimization studies. The database also details past baseline environmental work performed and an historical conditional use permit and reclamation plan that was approved by the local Californian County in 1989 for certain underground development. While the permit is no longer valid, it highlights past local County support for the project. These historical studies and permits will help fast track the project’s progress as they form an excellent base for the upcoming Preliminary Economic Assessment (“PEA”) and later feasibility study.
The Company has engaged Sespe Consulting Inc. (“Sespe”), an environmental engineering firm with a successful track record of permitting mining projects in California, including a key role in the permitting of the Golden Queen Soledad Mountain mine in 2015. Their assistance is important in moving the project towards eventual production. The Company and Sespe have had positive discussions with the planning department of the local County, who will be the lead agency for permitting.
Over the coming month, the Company will update its NI 43-101 resources estimate to capture current metal pricing as the last NI 43-101 released by the Company in 2008 used $0.75 per pound zinc, $2.00 per pound copper, $600.00 per ounce of gold and $8.50 per ounce silver.
The Company also intends to engage a recognized third-party engineering firm to prepare a PEA to demonstrate the potential economic viability of the Blue Moon mineral resources. The results of the PEA are expected to be released in the first quarter of 2018.
Engagement of Investor Relations Consultant
The Company has engaged Clear Cut Communications (“Clear Cut”), the principal of which is Mr. Terry Bramhall, as an investor relations consultant. Clear Cut brings over ten years’ marketing, financial and corporate communications experience and will assist the Company by increasing exposure to the brokerage and retail investment community, while increasing liquidity to the existing capital structure. The initial term of the agreement is for one year’s services in consideration of the Company paying Clear Cut a monthly fee of $5,000.
Stock Option Grant
The Company has granted 300,000 incentive stock options to Mr. Bramhall for his investor relations services and the Company granted 300,000 incentive stock options to a consultant of the Company. All stock options are exercisable at a price of $0.07 per share for a period of five years ending September 10, 2022. The stock options are governed by the terms of the Company’s incentive stock option plan. In accordance with TSX Venture Exchange (“Exchange”) policies, the options granted to Mr. Bramhall will be subject to vesting provisions over a 12-month period. The Clear Cut agreement and the grant of stock options are subject to Exchange approval.
About Blue Moon
The wholly-owned Blue Moon project has a resource estimate of 2.62 million tons with a grade of 6.01{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc for approximately 315 million pounds of zinc in the Indicated category and 2.68 million tons with a grade of 5.98{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc for approximately 320 million pounds of 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.bluemoonmining.com) and filed on SEDAR on February 21, 2008. The Company plans to advance the Blue Moon project through 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.
SOURCE Blue Moon Zinc Corp.
Patrick McGrath, CEO, 1-832-499-6009, pmcgrath@bluemoonmining.com; For additional information related to communications, media relations and investor relations please contact: Terry Bramhall, 1-604-833-6999, tbramhall@bluemoonmining.comCopyright CNW Group 2017
Hillcrest Petroleum Ltd. Becomes Member of the 8020 community
Momentum Public Relations
Press Release: September 12, 2017
Vancouver, British Columbia (FSCwire) – Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest“) is pleased to announce that it recently became a member of the 8020 Connect community. 8020 Connect (www.8020connect.com) is the investment industry’s newest investor community, developed to deliver corporate information to shareholders, investment industry experts and like-minded investors, while enabling these group members to interact with one another and with the company’s corporate management team.
Through the 8020 Connect shareholder and investor platform, Hillcrest can communicate its corporate message and update advancements and financial information to all shareholders and investors in a timely and effective fashion. The 8020 Connect provides a monitored and professional environment, allowing the company to respond to questions and manage group conversations. The 8020 Connect platform and services will also provide Hillcrest with an opportunity to expand its audience to other interested investors and industry experts worldwide.
Looking for a new way to be informed? Join our Investor Group on 8020Connect
Don Currie
Chief Executive Officer and Director
Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
Neither TSX Venture Exchange nor its Regulations 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.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Hillcrest09122017.pdf
Source: Hillcrest Petroleum Ltd. (TSX Venture:HRH, OTCQB:HLRTF)
- Published in Energy, Hillcrest Petroleum, Mining, News Home, Oil and Gas
Hillcrest Petroleum Expects Alberta Assets To Start Production by November 2017
Momentum Public Relations
Press Release: September 12, 2017
September 12, 2017 / TheNewswire / MONTREAL, QUEBEC, Momentum PR client, Hillcrest Petroleum Ltd., is listed on the TSX Venture exchange (“TSXV”) under the symbol: HRH and in the United States on the OTCQB under the symbol: HLRTF.
Momentum PR is pleased to have produced an informative and comprehensive report on Hillcrest Petroleum Ltd., available on the Momentum PR’s website.
Hillcrest Petroleum Highlights:
- -On July 26, 2017 Hillcrest announced that the Alberta Energy Regulator had approved it to operate oil and gas assets in Alberta.-The Alberta asset consists of two wells and three additional development locations which have already been located with 3D seismic mapping.
-The Saskatchewan asset consists of 4 wells and five additional development sites that have been located with subsurface mapping. Hillcrest is considering 3D seismic mapping before drilling.
-The two projects will cost a combined C$2.2 million, most of which is refundable bonds. In return they should provide – depending on the amount of oil pumped – gross revenues over C$400,000 per month.
-In exchange, Hillcrest receives a 75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} working interest in each property until the amount invested is repaid. Then, Hillcrest receives a 50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} working interest. Hillcrest remains the asset operator throughout.
In the last five years the price of oil has tumbled and has been subject to extreme volatility. In January 2012, a barrel of oil touched US$125.00. By July 31, 2017, it had dropped to US$52.16. As of July 31, 2017, oil’s 52-week low came to US$42.03 with a high of US$58.26. As the price of oil fell, some producing wells ceased production and waited for high oil prices to return. Among these shut-in wells are those whose owners no longer have the financial capacity to turn them back on. These are the ones that have Hillcrest’s immediate attention.
Hillcrest’s short-term strategy has been shaped by falling global oil prices. It can be summed up as the acquisition of substantial, operated, producing assets with high value growth potential in proven and prolific conventional oil and gas basins. The Alberta and Saskatchewan wells are a blueprint for Hillcrest’s immediate future. “We can replicate that model in both provinces and have started discussions with various people in both provinces, to get involved on a joint venture basis by using bond value and minimal cash to open up wells.” Don Currie, CEO
Hillcrest, which is officially headquartered in Houston, has experienced and successful management members. Executive Chairman and Director Michael Krzus was the founding CEO of NYSE-listed Emerald Oil, which started with a US$100 million market cap and grew to over US$500 million during his tenure. Krzus has extensive international experience having worked for Woodside Petroleum, Australia’s largest oil and gas company. His term at Woodside included a four-year secondment to Shell in the Netherlands, where he led oil and gas field development teams. Krzus has 32 years of experience in the oil and gas industry in Canada, the U.S., Australia and the Netherlands.
Chief Operating Officer Jason P. Oden was the Vice President Exploration of Gulfsands Petroleum ; and formerly the Principal Geologist with BHP Petroleum, as well as working for Suncor. Oden has more than 25 years of progressive technical and managerial experience in domestic and international oil and gas exploration appraisal and development projects.
Don Currie is the Chief Executive Officer and Company founder. He has 30 years of experience building and financing private and public companies. Since 1993 his primary focus has been the oil industry. Over the course of his career he has directly and indirectly raised over $125 million. Currie was a director and Vice President of Enhanced Oil Resources from 1993 to 2014. Enhanced found the second largest CO2 field in the United States.
Hillcrest trades on the TSXV as HRH and on the American OTCQB as HLRTF. As of September 5, 2017 it closed at $0.07 and has a 52-week high of $0.10 and a low of $0.035. The company has 74.59M shares outstanding and a market capitalization of $5.22 million.
The Momentum PR informative and comprehensive report on Hillcrest is available on the Momentum PR website.
If you would like more information on Hillcrest Petroleum Ltd.; listed on the TSX Venture exchange under the symbol HRH 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.”
- Published in Energy, Hillcrest Petroleum, Mining, News Home, Oil and Gas
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