MOBI724 Global Solutions Signs an Agreement With Kia Canada
Momentum Public Relations
Press Release: November 30, 2017
MONTREAL, Nov. 30, 2017 (GLOBE NEWSWIRE) — MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS) (OTCQB:MOBIF), a Fintech leader offering all in one fully integrated EMV payment, Card-Linked Offers, Digital Marketing and Business Intelligence Solutions, is pleased to announce that iQ724 Inc. (“iQ7/24”), a wholly owned subsidiary of MOBI724, has signed an agreement with Kia Canada Inc. (“KIA”) (OTC:KIMTF), a leading automotive brand in Canada, to modernize KIA’s loyalty platform and convert its network of 200 dealerships to a virtual terminal for the issuance and redemption of loyalty points. iQ7/24 has operated KIA’s loyalty program during the last 8 years managing over 300,000 members through a First-in-Class points system and offer/reward redemption process. This redesign of the program will eliminate the need for a physical loyalty card and include a Business Intelligence engine directly integrated with real-time dashboards.
“It is a privilege for our team to continue to have the opportunity to work with a leading brand such as KIA. The fact that KIA has asked us to redesign their loyalty program so as to implement our modern fully integrated suite of Loyalty & Business Intelligence Solutions is a testament to KIA’s desire to remain in the forefront of loyalty offerings and solutions,” declared Marcel Vienneau, President of iQ7/24 and CEO of MOBI724.
About Kia Canada
Kia Canada Inc. (www.kia.ca – www.facebook.com/kiacanada), a maker of quality vehicles for the young-at-heart, is a subsidiary of Kia Motors Corporation (KMC) which was founded in 1999 and sells and services high quality, class leading vehicles like the Soul, Forte, Optima and Sorento through a network of 190 dealers nationwide. Kia Canada Inc. employs 154 people in its Mississauga, Ontario headquarters and four regional offices across Canada, including a state-of-the-art facility in Montreal. Kia’s brand slogan “The Power to Surprise” represents the company’s global commitment to surprise the world by providing exciting & inspiring experiences that go beyond expectations.
For more information about Kia Canada and our products, please visit our Media Centre at KiaMedia.ca or contact:
Mark James
Corporate Communications Manager
Kia Canada Inc.
T: 905-755-6251; C: 416-660-3568; E: mjames@kia.ca
Maxime Surette
Product Communications Manager
Kia Canada Inc.
T: 905-755-6272; C: 416-316-3313; E : msurette@kia.ca
John Adzija
National Manager, Corporate Communications & Corporate Partnerships
Kia Canada Inc.
T: 905-755-6266; C: 905-301-6207; E: jadzija@kia.ca
About MOBI724
We enable smart transactions anywhere
MOBI724, a leader in the FinTech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment, digital marketing and business intelligence solutions with a combined EMV Payment, Card Linked Offers, Digital Marketing & Business Intelligence 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 enable 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.
For further information about MOBI724 Global Solutions Inc., please visit MOBI724.com or contact:
Mr. Andreas Curkovic
Proconsul Capital Ltd.
T: 416-577-9927;
E: andreascurkovic@sympatico.ca
- Published in Financial Technology, Mobi724 Global Solutions, News Home, Technology
Relevium Announces First Quarter Results with Revenues of 1.15 Million
Momentum Public Relations
Press Release: November 30, 2017
Relevium Technologies Inc. has released its unaudited financial results for the three-month period ended Sept. 30, 2017.
Financial Highlights
This is the first reporting period that consolidates the results of the acquisition of BioGanix Ltd. (“Bioganix”) (see Press Release issued on June 12, 2017) and illustrates:
- Consolidated revenues of $1.15 Million;
- Adjusted EBITDA* of $154,427 or 13{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} as a percentage of sales;
- Total Assets of $7.1 Million and Total Liabilities of $4.9 Million;
- 65 million shares outstanding.
Aurelio Useche, CEO of Relevium Technologies stated: “This new fiscal year beginning July 1, 2017 will be a transformational year for Relevium. The financial statements and Management Discussion and Analysis as filed on www.sedar.com consolidate the results of BGX E-Health LLC, the wholly-owned subsidiary in the US that operates the assets of BioGanix, the recently acquired B2C nutraceutical business. Mr. Useche added: “The first three months of post-acquisition is a resource and capital-intensive period for any company. The positive EBITDA results and growing revenues indicate to us that the transition of the business has been successful.”
Adjusted EBITDA* Reconciliation $ Net Loss (127,776) Interest on long term debt 107,617 Accreted interest 96,443 Acquistions and related costs 78,137 Adjusted EBITDA* 154,421 *= Adjusted EBITDA is a non-IFRS financial measurement
Non-Financial Highlights
- The Company successfully completed the first half of its active transition period for the acquisition of BioGanix with increased revenues as compared to the same period under the previous ownership
- Launched the first stage of a project to incorporate predictive AI technology for new product selection
- Secured an exclusive partnership with Salvania Nutrition and Biodevas for the launching in 2018 of a nutraceutical and phytoceuticals product line for companion pets.
Aurelio Useche, CEO of Relevium Technologies stated: “Over the second quarter of this new, fiscal year our focus has shifted from integration to organic growth through marketing optimization, new product launches, technology integration and the establishment of key exclusive partnerships to ensure strategic differentiation in our product offering and the build-up of equity for our brands.”
About Relevium Technologies
Relevium is a TSXV-listed company focused on growth through the acquisition of businesses, products and/or technologies with a focus on e-commerce in the growing health and wellness sector. Relevium Technologies Inc. also holds patented intellectual property for the use of static magnetic fields for application on wearable devices.
We seek Safe Harbor.
- Published in News Home, Relevium Technologies
Arctic Star Announces LEI Number
Momentum Public Relations
Press Release: November 30, 2017
Vancouver, British Columbia–(Newsfile Corp. – November 30, 2017) – Arctic Star Exploration Corp. (TSXV: ADD) (FSE: 82A1) (WKN: A2DFY5) (“Arctic Star” or the “Company”) is pleased to report that the Company has been assigned the Legal Entity Identifier (“LEI”) number 529900OSM9TE7UUX2X19. The European Union has adopted regulations that require use of the LEI as a barcode equivalent aimed at pinpointing systemic risks.
About the Legal Entity Identifier (LEI)
The Legal Entity Identifier (LEI) number is a 20-digit alphanumeric code. It is an internationally standardized and globally valid identifier for financial market participants. Its purpose is to clearly and unequivocally identify contracting parties (e.g., companies, banks, and investment funds). It is used to comply with a variety of financial reporting requirements. The Deutsche Borse Group has stated that “the LEI will clearly assist the regulatory authorities in monitoring and analysing threats to the stability of the financial markets, (but) it can also be utilised by counterparties internally for risk management purposes.”
Arctic meets the requirement for all companies listed on German Stock Exchanges (ie. Frankfurt Stock Exchange) to have an LEI number by January 3, 2018.
According to the website of the Deutsche Bӧrse Group, the LEI number will affect most aspects of the securities markets in Europe, including trading, clearing, settlement, custody, collateral and liquidity management, market data and indices. (See http://deutsche-boerse.com/dbg-en/regulation/regulatorytopics/legal-entity-identifier).
ABOUT ARCTIC STAR: The Company owns 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the recently acquired Timantti Diamond Project including a 243 Ha Exploration Permit and a 95,700 Ha Exploration Reservation near the township of Kuusamo, in Finland. The Project is located approximately 450km NW of the operating Grib Diamond Mine in Russia. Arctic is commencing its exploration in Finland on the Timantti Project, where two diamondiferous kimberlites may represent the first finds in a large kimberlite field. The Company also controls diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and a rare metals project in BC (Cap). Arctic Star has a highly experienced diamond exploration team previously responsible for numerous world class diamond discoveries.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARCTIC STAR EXPLORATION CORP.
/s/ Patrick Power
Patrick Power, Executive Chairman
+1 (604) 218-8772
/s/ Scott Eldridge
Scott Eldridge, President and CEO
+1 (604) 722-5381
scott@arcticstar.ca
- Published in Arctic Star Exploration, Mining, News Home
Crystal Lake to begin drilling at Emo in early 2018
Momentum Public Relations
Press Release: November 30, 2017
Crystal Lake Mining Corp. has provided an update on a technical work program, located near the Emo project, Northwestern Ontario.
Crystal Lake Mining Corp is pleased to report progress with the Emo Project in the Rainy River Region of Northwestern Ontario. Regional and property scale magnetic data coupled with historic data have been used to better identify targets. A geological model of the EL1 patent has been prepared by Ronacher McKenzie Geoscience using historic information from company records, recent exploration results (2015 drilling and geophysical data) and data from the public domain. This information is being evaluated and a strategy to target beneath and laterally adjacent to the known near-surface mineralization is being developed.
A plan of drilling coupled with surface and borehole geophysical surveys will be implemented and commencing early in 2018. The objective of the work is to test the roots of the known near-surface mineral zone, and establish whether the breccia-hosted styles of disseminated and net-textured sulfide extend into a root zone of massive sulfide mineralization.
The technical information in this Press Release (the “Technical information”) has been approved by Dr. Peter C. Lightfoot, a Qualified Person under National Instrument 43-101 (“NI 43-101”). Certain Technical Information in this Press Release has previously been disclosed by Crystal Lake in its public disclosure record. Readers should refer to Crystal Lake’s full public disclosure record at www.sedar.com.
About the Company
Crystal Lake Mining Corporation is a mineral exploration/development company focused on creating value through the exploration and development of its British Columbia and Ontario mineral properties.
We seek Safe Harbor.
- Published in Crystal Lake Mining, Mining, News Home
MOBI724 Global Solutions – Q3 FY 2017 Financial Release – Total Revenues Increased to $2.1M for Q3 2017
Momentum Public Relations
Press Release: November 29, 2017
MONTREAL, Nov. 29, 2017 (GLOBE NEWSWIRE) — MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS) (OTCQB:MOBIF), a FinTech leader offering all in one fully integrated EMV payment, Card-Linked Offers, Digital Marketing and Business Intelligence Solutions, today reported its financial results for the third quarter ending September 30, 2017.
Q3 2017 was a solid quarter for Mobi724 in many areas including the start of commercialization of the important Visa partnership, new sales contracts, a substantial increase in the sales pipeline, and a $1 million financing from BDC Capital to complement the Company’s already strong cash position.
MOBI724 announced that revenues for the nine months ended September 30, 2017 increased to $2.059 million from $1.924 million in the same period last year. In the important card linked offers vertical, revenue grew 61{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to $462K. Card Linked Offers is the line of business where we expect significant growth, as the Visa Offers partnership began commercial rollout in late-2017 and is anticipated to start recording material transactional revenue by mid-year 2018.
The commercial roll-out of the Visa partnership, which started in October 2017, offers significant opportunities starting in Q2 2018 for MOBI724 including:
- Shortening of the sales cycle by enabling us to leverage Visa’s key accounts, contacts and card issuers.
- Opportunity to benefit from co-marketing and financial resources ear-marked by Visa for the implementation of MOBI724’s go-to-market strategy.
- First to market in the region.
The Company incurred an operating loss of $5.2M for the 9-months ended September 30, 2017 vs. a loss of $1.9M in 2016. Of this loss, $1.6M are non-cash charges relating mainly to amortization and share-based compensation. Though revenues increased period over period, this increase was more than offset by increased operating expenses related to higher labour costs, business development and IT activities as well as increased professional fees related to the April financing.
The higher net loss is related to the increase in the operating loss and higher non-cash accounting charges at $4.7M primarily associated with the increase in fair value adjustment on liability for the acquisition of Mobi724 Solutions Inc.
The Company continues to seek opportunities to enhance cost efficiencies. As such, the digital marketing team was moved to the Company’s head office in Q3, helping to reduce costs and improve cash flow going forward.
The Company ended Q3 2017 with $5.9M of cash.
Key Highlights for 2017 include:
- Completed an oversubscribed $10M private placement (Q2 2017)
- Completed acquisitions (iQ 7/24 Inc. and Mobi724 Solutions Inc.) (Q2 2017)
- Completed USA stock listing (OTC-QB) (Q2 2017)
- Increased sales and IT teams with experienced and talented resources (Q2 and Q3 2017)
- Payment gateway and POS certification achieved in the Philippines (Q3 2017)
- Integration of Mobi724’s platform with Visa Offers Platform and start of co-marketing/commercial rollout with Visa (Q4 2017)
- TSXV application process in an advanced stage and expected completion in Q1 2018
- Number of payment cards under contract has doubled in 2017 (from 4 to 8 million)
- Commenced commercialization in Q3 2017 of the co-marketing partnership with CrediBanco (the largest payment processor in Columbia) to integrate Mobi724’s card linked offers platform with CrediBanco’s payment card issuers and merchants
- Solid sales pipeline for Q4 2017 and FY 2018
CEO Marcel Vienneau stated: “With the successful integration of the Visa Offers Platform, we have started commercial roll-out in LatAM. With the completion of the $10.3 million private placement, we are fully funded and focused on securing growth, delivery on existing contracts, and building out our infrastructure and management team.” The CEO also noted that “we are confident that Q4 2017 will be our strongest quarter yet in terms of revenue and we remain extremely bullish on the prospects for strong growth in FY 2018 as revenues from the commercial rollout of the Visa partnership kick in.”
About MOBI724
We enable smart transactions anywhere
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, Digital Marketing & Business Intelligence 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 enable 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.
For further information contact:
Proconsul Capital Ltd.
Andreas Curkovic
416-577-9927
- Published in Financial Technology, Mobi724 Global Solutions, News Home, Technology
AtmanCo becomes ATW Tech
Momentum Public Relations
Press Release: November 28, 2017
MONTREAL, QUEBEC–(Marketwired – Nov. 28, 2017) – AtmanCo Inc. (“AtmanCo” or the “Company”) (TSX VENTURE:ATW)
After having built its reputation in technologies with its scientifically validated psychometric tests, ATW Tech (‘AtmanCo’) has acquired strategic and transformative businesses and today manages a diversified portfolio of interactive communication solutions. Our objective with this name change is to better reflect our Company’s strategic vision, as well as better define the power and expertise of our solutions.
“Considering this new reality and our vision which is to provide companies and consumers with a renewed experience in interactive communications, we are pleased to present you our new website” said Michel Guay, President of ATW Tech.
You can find all the necessary information on the new Company’s website at www.atwtech.com.
Additional information regarding the Company are available on SEDAR www.sedar.com. Note that the legal name change would be voted at the next shareholders meeting.
The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.
ABOUT ATW TECH
ATW Tech (‘AtmanCo’) (TSX VENTURE:ATW) is a leader in information technology, owner of several web platforms including VoxTel, Québec Rencontres, VuduMobile, Atman and Bloomed. VoxTel offers various interactive landline and mobile carrier billing phone solutions. Quebec Rencontres is a web and mobile social network application catered to building serious and sustainable relationships. VuduMobile is specialized the text messaging business for enterprises through its unique, user-friendly and bilingual test messaging application et turnkey solution allowing management of text message management programs in all kind of businesses. Atman and its APIs enable companies to optimize their human capital. Bloomed is a cloud-based platform to manage data (smart data) on consumers and their behaviors, which is developed for marketing agencies and their campaigns for the consumer and corporate markets.
ATW Tech (‘AtmanCo’)
Michel Guay
Founder, president and CEO
514.935.5959 ext. 301
mguay@atwtech.com
Simon Bedard, CA, CPA, CFA, MBA
CFO
514.935.5959 ext. 304
sbedard@atwtech.com
www.atwtech.com
- Published in Atmanco, News Home, Technology
Equitorial Obtains Assay Results of 1.47 Lithium over 9.66 m
Momentum Public Relations
Press Release: November 28, 2017
Vancouver, BC, Canada / TheNewswire / November 28, 2017 – Equitorial Exploration Corp. (TSX-V: EXX, Frankfurt: EE1, OTCQB: EQTXF) (“Equitorial” or “Company”) is pleased to report results from the resampling of 2007 diamond drill core from its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}-owned Little Nahanni Pegmatite Group (LNPG) Lithium Property (NWT). Equitorial resampled the 2007 diamond drill core because the previous operator’s focus was tantalum and tin and many of the 2007 samples exceeded the upper detection limit for lithium (1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) and were not further analyzed.
Resampling Highlights
- – Five holes totaling 1,120 m drilled
– 1.47{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Li2O, 39 g/t Ta2O5, and 0.03{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} SnO2 over 9.66 m
– 1.03{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Li2O, 31 g/t Ta2O5and 0.02{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} SnO2 over 17.96 m
– 1.04{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Li2O, 319 g/t Ta2O5and 0.07{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} SnO2 over 1.76 m
– 0.84{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Li2O, 38 g/t Ta2O5and 0.02{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} SnO2 over 3.68 m
Li2O Grade Comparison 2007 to 2017
DDH | 2007
Width (m) |
2007 Grade
Li2O |
2017
Width (m) |
2017 Grade
Li2O ({92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) |
{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Increase in Li2O |
MAC006 | 18.27 | 0.92{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | 17.96 | 1.03{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | 12{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
MAC007 | 10.94 | 1.20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | 9.66 | 1.47{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | 23{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
Diamond Drill Core Highlights*
DDH | From (m) | To (m) | Width (m) | Li2O ({92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) | SnO2 ({92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) | + |
MAC006 | 61.88 | 66.86 | 4.98 | 0.26 | 0.02 | 76 |
MAC006 | 62.15 | 66.87 | 4.72 | 0.52 | 0.02 | 74 |
85.58 | 87.34 | 1.76 | 1.04 | 0.07 | 319 | |
172.29 | 190.25 | 17.96 | 1.03 | 0.02 | 31 | |
MAC007 | 107.13 | 116.79 | 9.66 | 1.47 | 0.03 | 39 |
125.59 | 129.33 | 3.74 | 0.26 | 0.01 | 15 | |
146.94 | 150.62 | 3.68 | 0.84 | 0.02 | 38 | |
MAC008 | 41.40 | 43.46 | 2.06 | 0.16 | 0.001 | 2 |
146.89 | 147.32 | 0.43 | 0.24 | 0.08 | 156 | |
154.10 | 158.43 | 4.33 | 0.38 | 0.01 | 50 | |
156.55 | 158.43 | 1.88 | 0.67 | 0.03 | 111 |
*Bold results indicate intervals with significant increases in grade
All reported interval widths are thought to be 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of true width.
Holes MAC-07-003, MAC-07-006 and MAC-07-007 targeted the Great Wall of China dyke swarm in two different cirques about 2500 m apart, while MAC-07-008 tested the Climbing Wall dyke swarm. In 2016, an extensive channel sampling program was completed in the central part of the property. Channel sampling across one exposure of the Great Wall of China returned a weighted average grade of 0.38{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Li2O, 20.7 g/t Ta2O5 and 0.01{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} SnO2 over 52.60 m, while the best individual dyke yielded 1.67{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Li2O, 45 g/t Ta2O5 and 0.03{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} SnO2 over 3.75 m(see News Release dated September 6, 2016).
Lithium-cesium-tantalum-tin pegmatite dyke swarms on the property have been traced over a combined length of 13 km in mountainous terrain that is deeply incised by several east- or west-facing cirques. The vertical extent of these dykes has been traced for 500 m through natural exposure and diamond drilling along ridges. The dykes are well exposed on the cirque walls and strike northerly, with near vertical dips. Where sampled, each dyke swarm is up to 52.60 m wide and contains multiple dykes that range from 0.2 to 10 m in width.
Analytical work was done by ALS Minerals, with sample preparation and geochemical analyses in North Vancouver, British Columbia. All rock samples were analyzed for 38 elements by lithium metaborate fusion and inductively coupled plasma-mass spectroscopy (ME-MS81). All elements are reported as parts per million (ppm). The conversion factor from tantalum (Ta) to tantalum pentoxide (Ta2O5) is 1.2211, while the conversion factor from tin (Sn) to tin dioxide (SnO2) is 1.2696. Because the tin values were reported in ppm, the values had to be divided by 10,000 to give the tin value in percent.
Lithium analysis was done by sodium peroxide fusion digestion and inductively coupled plasma -atomic emission spectrometry finish (ME-ICP82b). This technique reports in percent lithium and has a lower detection limit of 0.02{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and an upper detection limit of 10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. The conversion factor from lithium (Li) to lithium oxide (Li2O) is 2.153.
The 2017 resampling program was conducted by Archer, Cathro & Associates (1981) Limited (“Archer Cathro”).
For LNPG maps, please click: http://equitorialexploration.com/projects/
Comparative Lithium Properties
In past decades, most of the world’s supply of lithium has come from brine sources. In recent years, there has been an increase in demand for lithium, which has resulted in the production of lithium from spodumene (lithium silicate) deposits. A number of spodumene mines are operating or currently under development globally including Talison Lithium Ltd., Pilbara Minerals Ltd. and Altura Mining Ltd. in Western Australia, and Nemaska Lithium Ltd. in Quebec, Canada.
Talison Lithium’s Greenbushes operation has been producing lithium for over 25 years. It produces 315,000 tonnes per annum lithium concentrate. At Greenbushes, the pegmatite consists of a large main zone over three kilometres long and up to 300 metres wide with numerous smaller pegmatite dikes and pods flanking the main body. The Greenbushes pegmatites are mineralogically zoned in a lenticular interfingering style along strike and down dip. The lithium zone is over two kilometres long and enriched in spodumene, which often makes up 50 per cent of the rock (see Talison Lithium’s website).
Pilbara Minerals’ Pilgangoora project contains an indicated and inferred resource of 80.2 million tonnes grading 1.26 per cent Li2O (see Pilbara Minerals’ website).
Altura Mining is actively advancing its Pilgangoora lithium project, which has a JORC mineral resource estimate of 25.5 million tonnes grading 1.23 per cent Li2O. The production forecast is the third quarter of 2017 (see Altura Mining’s website). Nemaska Lithium, a Quebec-based lithium company listed on the Toronto Stock Exchange under NMX in Canada, is actively developing a spodumene hardrock lithium deposit at its Whabouchi property. Based on a 2014 mineral resource, the Whabouchi property hosts a measured and indicated resource of 27,991,000 tonnes at 1.57 per cent Li2O, plus an inferred resource of 4,686,000 tonnes at 1.51 per cent Li2O (Nemaska Lithium revised National Instrument 43-101 technical report dated June 8, 2016). Nemaska’s phase 1 plant will have an average combined capacity of 610 tonnes per annum (see Nemaska Lithium’s website).
In 2016, Strategic Metals completed a two-week program consisting of mapping, prospecting and channel sampling. The program was designed to evaluate grade, size and density of lithium-bearing pegmatite dikes within four of the dikes swarms comprising the LNPG complex. The 2016 field program was managed by Archer, Cathro & Associates(1981) Ltd.
About Equitorial Exploration Corp
Equitorial is aggressively developing four 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}-owned, high-potential, lithium projects in North America. The Little Nahanni Pegmatite Group (LNPG) is a 43-101 compliant, hard rock, lithium property in the NWT. The Cat Lake Lithium Property in Manitoba, Canada is directly adjacent to the Cat Lake Mineral Project, a highly prospective Lithium property. The Tule and Gerlach Lithium Brine Projects are located in lithium-rich Utah and Nevada within easy reach of the Tesla Gigafactory #1. All four projects have demonstrated highly encouraging grades.
Technical information in this news release has been approved by Heather Burrell, P. Geo., a senior geologist with Archer Cathro and a qualified person for the purpose of National Instrument 43-101.
For more information please visit: http://equitorialexploration.com/
On behalf of the Board of Directors
EQUITORIAL EXPLORATION CORP.
_____________________
Jack Bal, CEO and Director
For further information, please contact Jack Bal at 604-306-5285
- Published in Equitorial Exploration, Mining, News Home
Crystal Lake’s two placements oversubscribed
Momentum Public Relations
Press Release: November 27, 2017
Crystal Lake Mining Corp. (CLM:tsxv) has received subscriptions for two million units totalling $400,000 pursuant to the non-brokered, non-flow-through private placement announced on Nov. 6, 2017. Each unit consists of one common share issued at 20 cents per share, and one common share purchase warrant. One warrant may be exercised by the holder to purchase one additional common share at a price of 25 cents for 18 months from closing.
In addition, the company has received subscriptions for two million flow-through units totalling $500,000 pursuant to the flow-through private placement announced on Oct. 26, 2017. Each flow-through unit consists of one flow-through common share issued at 25 cents per share, and one-half of one non-flow-through common share purchase warrant. One warrant may be exercised by the holder to purchase an additional non-flow-through common share at a price of 30 cents for 18 months from closing.
The proceeds of this private placement will be used to advance exploration activities at the company’s Emo, Ont., properties and for general working capital.
Both the flow-through and non-flow-through private placements were oversubscribed.
Finders’ fees are payable to qualified recipients at the rates allowable by the TSX Venture Exchange. All securities issued are subject to a four-month hold period and closing remains subject to TSX-V approval.
About Crystal Lake Mining Corp.
Crystal Lake Mining is a mineral exploration/development company focused on creating value through the exploration and development of its British Columbia and Ontario mineral properties.
We seek Safe Harbor.
- Published in Crystal Lake Mining, News Home, Uncategorized
Sage Gold Delivers Second Shipment to Mill
Momentum Public Relations
Press Release: November 24, 2017
TORONTO, ONTARIO–(Marketwired – Nov. 24, 2017) – Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX VENTURE:SGX) is pleased to announce that the Black Fox-Stock Mill has completed processing a second bulk shipment of mineralized material from the Clavos gold mine.
Similar to the first bulk sample mill run October 13th to 16th, 2017, the mineralized material is comprised primarily of remnant broken material recovered from the mine’s previous owners’ workings along with some new development rock. The first mill run yielded approximately 475 ounces of gold.
In addition, we are pleased to report that substantially all of the Clavos Mine complex has been connected to grid power which will enable increased progress in all areas, including dewatering, drilling and mining.
An exploration and definition drilling program continues with the purpose of updating and increasing the existing mineral resource estimate.
Nigel Lees, President and Chief Executive Officer of Sage Gold commented, “We were pleased with the results of the first shipment. While the second shipment is also comprised of primarily remnant mineralized material, we anticipate future shipments to encompass the existing plus additional work areas that have recently been dewatered and rehabilitated within the lower elevations of the mine.”
The Clavos Mine is located in Timmins, Ontario which one of the most prolific and active gold camps in Canada. The Timmins-Porcupine area has produced well over 100 million ounces of gold in more than a century. The Clavos mine is fully permitted for 700 tonnes a day production.
The operational plans disclosed in this news release have been reviewed and approved by Robert Ritchie P. Eng, who is a Qualified Person (“QP”) as defined in National Instrument 43-101 (“NI 43-101”).
Sage Gold currently plans to complete a Mineral Reserve Estimate and a Pre-Feasibility Study for the Clavos Gold Project in compliance with NI 43-101. In the event that a production decision is made that is not based on a Pre-Feasibility study of Mineral Reserves demonstrating economic and technical viability prepared in accordance with NI 43-101, readers are cautioned that there is increased uncertainty and higher risk of economic and technical failure associated with such production decisions.
About Sage Gold
Shares Outstanding 82,529,430
The Company is a mineral exploration and development company which has primary interests in near-term production and exploration properties in Ontario. Its main properties are the Clavos Gold property, 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned, in Timmins and the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Onaman property and other exploration properties in the Beardmore-Geraldton Gold Camp. Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (“SEDAR”) website at www.sedar.com and from the Company’s website at 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.
Nigel Lees
President and CEO
416-204-3170
nlees@sagegoldinc.com
www.sagegoldinc.com
Arctic Star Announces Closing of Final Tranche of Oversubscribed Private Placement
Momentum Public Relations
Press Release: November 24, 2017
Vancouver, British Columbia–(Newsfile Corp. – November 24, 2017) – Arctic Star Exploration Corp. (TSXV: ADD) (FSE: 82A1) (WKN: A2DFY5) (the “Company” or “Arctic Star”) announces that it has completed the second and final tranche of its previously announced non-brokered private placement (the “Private Placement”), as described in its News Release dated October 26, 2017. Tranches one and two of the Private Placement raised a total of $1,692,936.10.
Pursuant to tranche two the Company has issued an aggregate of 7,279,361 units (each, a “Unit”) at a price of $0.10 per Unit for gross proceeds of $727,936.10. Each Unit consists of one common share in the capital of the Company (each, a “Share”) and one non-transferable share purchase warrant (each, a “Warrant”). Each Warrant is exercisable into one additional Share at a price of $0.15 per Share for a period of 24 months from the closing date. This Private Placement was oversubscribed and replaces the Private Placement previously announced on July 26, 2017.
The Company plans to use the proceeds from the Private Placement for exploration on its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Timantti Diamond Project (the “Project”), in Finland, and for general working capital. The project lies within the Karelian Craton, which hosts the Grib and Lomonosov diamond mines. As described in the News Release November 23, 2017, exploration activity including: ground geophysics, till sampling and drilling has commenced on the 243 Ha Exploration Permit. The project also includes a district scale 95,700 Ha Exploration Reservation. Exploration activity can be conducted 12 months of the year.
President and CEO, Scott Eldridge stated “Having closed our oversubscribed financing, we now look forward to exploration results being generated from Timantti, which is one of the last known district-scale diamond fields in the world, that’s near infrastructure. Previous activity has already identified diamonds at surface and diamond-bearing kimberlites on only a small portion of our extensive land package.“
The securities issued under the Private Placement, and the shares that may be issuable on exercise of the Warrants, are subject to a statutory hold period expiring on March 24, 2018.
The Company paid cash finder’s fees of $4,800 to a certain finder and issued 48,000 share purchase warrants (the “Finder’s Warrants”) to one finder in connection with the second tranche of the Private Placement. Each Finder’s Warrant is exercisable into one Share at a price of $0.10 per Share for a period of 24 months from the date of issuance.
ABOUT ARCTIC STAR: The Company owns 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the recently acquired Timantti Diamond Project including a 243 Ha Exploration Permit and a 95,700 Ha Exploration Reservation near the township of Kuusamo, in Finland. The Project is located approximately 450km NW of the operating Grib Diamond Mine in Russia. Arctic is commencing its exploration in Finland on the Timantti Project, where two diamondiferous kimberlites may represent the first finds in a large kimberlite field. The Company also controls diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and a rare metals project in BC (Cap). Arctic Star has a highly experienced diamond exploration team previously responsible for numerous world class diamond discoveries.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARCTIC STAR EXPLORATION CORP.
/s/ Patrick Power
Patrick Power, Executive Chairman
+1 (604) 218-8772
/s/ Scott Eldridge
Scott Eldridge, President and CEO
+1 (604) 722-5381
scott@arcticstar.ca
- Published in Arctic Star Exploration, Mining, News Home