Crystal Lake closes $111,000 final tranche of placement
Momentum Public Relations
Press Release: December 28, 2018
Crystal Lake Mining Corp. has closed the final tranche of a non-brokered private placement, raising total gross proceeds of $744,350 in three tranches.
Crystal Lake issued 370,000 units in the third tranche at a price of 30 cents per unit for gross hard-dollar proceeds of $111,000. Each unit consisted of one common share in the capital of the company and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase one share of the company for a period of 12 months from the closing of the offering at an exercise price of 45 cents per share.
Finders’ fees for the third tranche may be payable to qualified parties while all securities will be subject to a four-month hold period from the closing date. This private placement is subject to the approval of the TSX Venture Exchange.
As disclosed in the company’s news releases Dec. 21, 2018, and Dec. 18, 2018, Crystal Lake issued a total of 1,809,572 flow-through shares at a price of 35 cents per share in the first two tranches of this financing to raise total flow-through proceeds of $633,350.
The non-flow-through-unit proceeds are for general corporate purposes, while the flow-through funds will be used to advance the company’s projects in northwest British Columbia and Northwest Ontario.
About Crystal Lake Mining Corp.
Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through the discovery of new magmatic nickel sulphide deposits and other deposit types using technical excellence in exploration target development.
We seek Safe Harbor.
- Published in Crystal Lake Mining, Mining, News Home
Crystal Lake closes $133,350 2nd tranche of financing
Momentum Public Relations
Press Release: December 21, 2018
Crystal Lake Mining Corp. has completed a second tranche of a non-brokered private placement of 381,000 flow-through common shares issued at a price of 35 cents per flow-through share, raising gross proceeds of $133,350. The first tranche closed on Dec. 20, 2018, raising gross proceeds of $500,000.20 through the issuance of 1,428,572 flow-through shares. The total gross proceeds raised in both tranches are $633,350.20.
The company paid finders’ fees of 7 per cent cash and 7 per cent finders’ warrants to Raymond James Ltd. All securities issued are subject to a four-month hold period from the closing date.
The company confirms that it is proceeding with its unit financing. Each unit consists of one common share at 30 cents per share and one-half of one common share purchase warrant, with each full warrant exercisable at 45 cents for a period of one year.
The non-flow-through and flow-through private placements are subject to the approval of the TSX Venture Exchange.
About Crystal Lake Mining Corp.
Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through the discovery of new magmatic nickel sulphide deposits and other deposit types using technical excellence in exploration target development.
We seek Safe Harbor.
- Published in Crystal Lake Mining, Mining, News Home
NORTHBUD Amends Licence Application to Add 500K SQ. FT. of Outdoor Cultivation Area and Provides a Corporate Update
Momentum Public Relations
Press Release: December 20, 2018
North Bud Farms Inc.(CSE: NBUD) (“NORTHBUD” or the “Company”) announced the amendment of its licence application to add 500K SQ. FT. of outdoor cultivation area and provides shareholders with a corporate update on the progress of the corporation and status on its various activities.
Construction of our Cannabis Production Facility in Low, Quebec:
The construction of NORTHBUD’s cultivation facility is progressing on schedule and on budget. The building is soon to be completely enclosed and ready for the next phase in construction. Please see our website www.northbud.com/blog for videos, photos and ongoing updates.
Request for Outdoor Cultivation License:
NORTHBUD is pursuing a standard cultivation licence under The Cannabis Act after acquiring a confirmation of readiness stage ACMPR licence application in early 2018.
The NORTHBUD production facility is located on a 95-acre parcel of farmland in rural Quebec. Under the new regulations, licenced producers can cultivate outdoors. In collaboration with Cannabis Compliance Inc. NORTHBUD will be amending its application to include a 1000 x 500ft outdoor cultivation area. We anticipate this outdoor production footprint to be operational in the spring of 2020 pending the required approvals by Health Canada. NORTHBUD expects to begin implementation of the required infrastructure in Q2 2019 after completion of our 25k sq. ft. indoor production facility that is currently under construction.
Implementation of this additional low-cost production footprint will provide NORTHBUD a unique platform to cultivate both premium quality dried flower as well as low cost commodity grade organic biomass to be transformed into food and pharma grade inputs. This will position NORTHBUD to capitalize on the highest margin market segments.
As the consumer market develops, we believe our diverse centralized infrastructure will provide NORTHBUD a solid, low cost, high quality cannabis supply, which will serve as the core of our products and brand moving forward.
The Gatineau valley has traditionally been a fertile area for outdoor cannabis cultivation with a growing season that typically occurs between mid June and early October. NORTHBUD will be engaging local legacy cultivators to acquire genetics with a track record of success in this particular climate. Our outdoor cultivation will follow international GAP (good agricultural practices) with the drying, trimming and packaging to be done in accordance with GMP standards inside our state-of-the-art custom designed cultivation facility.
About North Bud Farms Inc.
North Bud Farms Inc., through its wholly owned subsidiary GrowPros MMP Inc. which was acquired in February 2018, is pursuing a licence under The Cannabis Act. North Bud Farms Inc. is constructing a state-of-the-art purpose-built cannabis production facility located on 95 acres of Agricultural Land in Low, Quebec. North Bud Farms Inc. will be focused on Pharmaceutical and Food Grade cannabinoid production in preparation for the legalization of edibles and ingestible products scheduled for October 2019.
For more information visit: www.northbud.com
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements
Certain statements included in this press release constitute forward-looking information or statements (collectively, “forward-looking statements”), including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward- looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors. Such risks and uncertainties include, among others, the risk factors included in North Bud Farms Inc.’s final long form prospectus dated August 21, 2018 which is available under the issuer’s SEDAR profile at www.sedar.com.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
North Bud Farms Inc.
Edward Miller
VP, IR & Communications
Office: (855) 628-3420 ext. 3
investors@northbud.com
- Published in Marijuana, Medical Marijuana, News Home, NorthBud
Crystal Lake increases financing to $800,000
Momentum Public Relations
Press Release: December 19, 2018
Crystal Lake Mining Corp., further to its news release dated Dec. 18, 2018, has added a $100,000 hard-dollar (non-flow-through) portion to its financing that is expected to fully close by Monday, Dec. 24, 2018, in the aggregate amount of $800,000.
Each Crystal Lake non-flow-through unit is priced at 30 cents and includes a half warrant exercisable at 45 cents for a period of one year. The securities will be subject to a four-month hold period from the closing date. Finders’ fees may be payable to qualified parties.
The company will also be closing $700,000 in flow-through shares on terms announced yesterday (the first tranche of $500,000 has already closed) for a total financing of $800,000.
The non-flow-through and flow-through private placements are subject to the approval of the TSX Venture Exchange.
Stock options granted
Pursuant to the company’s stock option plan, Crystal Lake has granted incentive stock options to its directors, officers, employees and consultants to purchase an aggregate of 755,745 common shares at an exercise price of 30 cents per share for up to two years.
About Crystal Lake Mining Corp.
Crystal Lake is a Canadian-based junior exploration company focused on building shareholder value through the discovery of new magmatic nickel sulphide deposits and other deposit types using technical excellence in exploration target development.
We seek Safe Harbor.
- Published in Crystal Lake Mining, Mining, News Home
Crystal Lake closes $500,000 first tranche of placement
Momentum Public Relations
Press Release: December 18, 2018
Crystal Lake Mining Corp. has closed the first $500,000 tranche of a proposed $700,000 flow-through financing with strategic investors at 35 cents per flow-through share. No warrants are attached to the private placement. The balance of the financing is expected to close on or about Dec. 24, 2018.
A total of 1,428,571 flow-through shares were issued in this first tranche with all securities subject to a four-month hold period from the closing date. Finders’ fees may be payable to qualified parties.
Proceeds of the financing will be used to advance the company’s projects in northwest British Columbia and Northwest Ontario.
The private placement is subject to the approval of the TSX Venture Exchange.
About Crystal Lake Mining Corp.
Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through the discovery of new magmatic nickel sulphide deposits and other deposit types using technical excellence in exploration target development.
We seek Safe Harbor.
- Published in Crystal Lake Mining, Mining, News Home
Step-out drilling confirms new discovery east of Canada Cobalt’s Castle mine
Momentum Public Relations
Press Release: December 14, 2018
Canada Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the “Company” or “Canada Cobalt”) is pleased to announce that two widely-spaced drill holes have intersected an apparent syenite hosted gold system with nearby cobalt potential in a previously undrilled area of the Castle Property near Gowganda, a past producing high-grade silver camp approximately 75 kilometers from Kirkland Lake. Meanwhile, underground drilling on the first level of the Castle mine, 1.5 kilometers west-northwest of the new discovery, has continued to identify cobalt-silver-rich vein structures occasionally also mineralized with gold and nickel.
Highlights:
- An expanded drill program east of the mine continues and is targeting high-grade gold zones, associated with a newly-discovered major fault structure, in addition to potential cobalt-silver vein networks below the Archean sulphides;
- A new drill hole (CS-18-17, the fifth of this 2018 exploratory program) has just commenced and is designed to expand the system by intersecting gold mineralization parallel to hole CS-18-16 and above a fault that appears to have provided a pathway for mineralizing fluids;
- Canada Cobalt is preparing to commence a second, expanded phase of underground drilling through an amended advanced exploration permit – the Company eagerly anticipates providing shareholders with a major batch of Phase 1 underground drill results in the near future following receipt and interpretation of all data.
Castle East Discovery
Doug Robinson, Canada Cobalt’s consulting geologist, commented: “The Archean rocks at Gowganda have never been systematically explored as previous work in the area focused on exploiting the silver-rich Nipissing diabase while bypassing the cobalt. Drill holes CS-18-15, CS-18-16 and CS-18-16-W (wedge hole) east of the mine are a very important breakthrough and now have us seriously investigating an apparent gold system with appropriate sulphide and quartz veining in association with a major fault that may be the controlling fault for the zones we’ve encountered. Oriented core drilling will allow us to identify critical sub-horizontal and sub-vertical structures associated with this fault and the IP anomalies we’re drilling into.”
Robinson added, “We’re also in a fertile environment for the discovery of classic cobalt-silver mineralization near zones of weakness at depth below the Archean sulphides in Nipissing diabase.”
Drill Holes CS-18-16 And CS-18-16-W
Following up on CS-18-15 (see October 24, 2018, news release), drill hole CS-18-16 was collared 112 meters to the northwest and was drilled in the opposite direction toward the south. CS-18-16 intersected much more quartz veining in several broad mineralized zones containing moderate to strongly disseminated pyrite (often associated with gold in the district) and occasional traces of chalcopyrite. Multiple alteration styles included green carbonate, sericite and fuchsite. This hole encountered a fault at a vertical depth of approximately 200 meters. A 37-meter zone of extensive multi-generational quartz veining with abundant fine-grained plus blebby pyrite and traces of chalcopyrite was intersected immediately below the fault in a wedge hole (CS-16-W).
Canada Cobalt eagerly anticipates assay results from a large number of samples from CS-18-15, CS-18-16 and CS-16-W.
Underground Program Update
Phase 1 drilling on the first level of the Castle mine has been completed but winterizing as well as engineering studies through Wood continue. Expanded Phase 2 drilling is scheduled to commence early in the New Year which will also allow for receipt of all assays and interpretation of Phase 1 results. Visual analysis of subsequent holes drilled since initial results were released, which included 7 meters @ 2.3% cobalt (core length), supports Canada Cobalt’s geological model that vein structures untouched by first-level mining in the 1980’s are enriched with cobalt as well as silver, with massive cobalt and native silver also encountered.
Qualified Person
The technical information in this news release was prepared under the supervision of Frank J. Basa, P.Eng., Canada Cobalt’s President and Chief Executive Officer, who is a member of Professional Engineers Ontario and a qualified person in accordance with National Instrument 43-101.
About Canada Cobalt Works Inc.
Canada Cobalt is a pure play cobalt company focused on its past producing Castle mine in the Northern Ontario Cobalt Camp, Canada’s most prolific cobalt district. With underground access at Castle, a recently installed pilot plant to produce cobalt-rich gravity concentrates on site, and a proprietary hydrometallurgical process known as Re-2OX for the creation of technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations, Canada Cobalt is strategically positioned to become a vertically integrated North American leader in cobalt extraction and recovery.
“Frank J. Basa”
Frank J. Basa, P. Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service 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 statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE Canada Cobalt Works Inc.
View original content: http://www.newswire.ca/en/releases/archive/December2018/14/c4357.html
Contact:
Frank J. Basa, P.Eng., President and CEO, 1-819-797-4144
- Published in Canada Cobalt Works, Mining, News Home
Diagnos 900,000 shares for debt
Momentum Public Relations
Press Release: December 12, 2018
The TSX Venture Exchange has accepted for filing the company’s proposal to issue 900,000 common shares at a price of five cents per share in settlement of a total amount of $45,000 on outstanding interest payable on convertibles notes issued in October, 2017.
Number of creditors: seven creditors
Insiders: Gestion Maurice Pinsonnault (Maurice Pinsonnault), 200,000; Danie Clerk, 200,000
For further information, please refer to the company’s press releases dated Oct. 24, 2018, and Nov. 21, 2018.
- Published in Diagnos, Life Sciences, News Home, Technology
US Congress Backing of Farm Bill Will ‘Blow Off the Barn Doors Restricting the Hemp Industry’ Says Crop CEO
Momentum Public Relations
Press Release: December 12, 2018
CROP Infrastructure Corp. (CSE: CROP) (OTC: CRXPF) (Frankfurt: 2FR) (“CROP”). CROP CEO, Michael Yorke, says the US Farm Bill, so pivotal to the future of the hemp-CBD and cannabis industry, has advanced to within a hair’s breadth of becoming law.
Yesterday the Senate voted overwhelmingly in an 87-to-13 vote to approve the $867 billion farm bill. The legislation now heads to the House, where it is also expected to pass. The breakthrough came after lawmakers worked out a House-Senate compromise earlier this month.
“President Trump expressed his support yesterday as well, so we are not anticipating any further hiccups. Once he signs it into law, billions of dollars in subsidies will flow to farmers, but, from our perspective of course, it is the legalization of hemp which will blow off the political barn doors that have been restricting our industry.
“There is no bigger event than this for the CBD industry. It has been a long time coming and the ramifications are enormous for the USA which is home to some of the best Hemp-CBD genetics in the World.
“CBD, which is expected to grow into a $22 billion industry by 2022, has been stigmatized unfairly for far too long. Now that will all drift rapidly away into oblivion as this industry forges ahead and brings so much benefit to society,” continued Yorke.
On December 4th., CROP announced its 49% owned subsidiary Elite Ventures had leased an additional 250 acres in Nevada taking the company’s 2019 state holdings to 2,115 acres with 1,350 acres already under pivot irrigation for hemp CBD production.
“We are planning to stay well ahead of the curve on hemp and its products as all indications are that this sector alone will prove far more vigorous than was initially forecast,” concluded Yorke.
About CROP
Crop is publicly listed on the CSE and trades under the symbol “CROP” and in the US under the symbol “CRXPF”. CROP is focused on cannabis branding and real estate assets. The Company’s portfolio of projects includes cultivation properties in California, two in Washington State, a 1,000-acre Nevada Cannabis farm, 2,115 acres of CBD farms, extraction in Nevada and joint ventures on West Hollywood and San Bernardino dispensary apps with international focuses in Jamaica and Italy.
CROP has developed a portfolio of assets including Canna Drink, a cannabis infused functional beverage line, US and Italian distribution rights to over 55 cannabis topical products and a portfolio of 16 Cannabis brands. CROP’s infrastructure has over 150,000 sq ft of built canopy and over 2,900 acres of real estate.
Company Contact
Michael Yorke – CEO and Director
E-mail: info@cropcorp.com
Website: www.cropcorp.com
Phone: (604) 484-4206
- Published in Business, CROP Infrastructure, hemp, Marijuana, Medical Marijuana, News Home