St-Georges Eco-Mining Signs Agreement to Spin-Out Subsidiary ZeU
Momentum Public Relations
Press Release: May 31 2018
St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce the signing of an arrangement agreement providing for the spin-out of its subsidiary ZeU Crypto Networks Inc. with the intent of listing ZeU on the Canadian Securities Exchange.
Under the terms of the Arrangement Agreement, shareholders of St-Georges at the time of the completion of the Spin-Out, anticipated to be the latter part of July, will receive 11,249,825 shares of Zeu, representing one (1) share of ZeU for every eight (8) common shares of St-Georges held based on the current issued and outstanding share capital. A St-Georges Shareholders’ meeting to approve the Arrangement Agreement is set for July 5, 2018 and proxy materials related to the meeting will be delivered to shareholders and made available on SEDAR in June 2018. A copy of the Arrangement Agreement will also be filed on SEDAR. The Arrangement Agreement is subject to the acceptance of the CSE.
ZeU holds an exclusive license to use Qingdao Tiande Technologies Limited and Beijing Tiande Technologies Limited ‘s (collectively ” Tiande “) proprietary technologies, patents and know-how to develop and commercialize novel mineral commodity production chain control, tracking and trading exchanges, and has entered into a binding asset purchase agreement with Tiande, and the intervention Guiyang Tiande Technologies Limited, to acquire substantially all the intellectual property of Tiande, as more particularly described in St-Georges February 26 and May 22, 2018 press releases.
ON BEHALF OF THE BOARD OF DIRECTORS
“Frank Dumas”
FRANK DUMAS, PRESIDENT & CEO
About St-Georges
St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.
The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
The release contains forwarding looking information and statements as defined by law including, without limitation, Canadian securities laws and the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995 (“forward-looking statements”), respecting St-Georges’ plans to spin-out its subsidiary ZeU. which is intended to be listed on the Canadian Securities Exchange. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by the forward-looking statements including that the spin-out may not be completed as planned or at all due to failure to obtain shareholder or regulatory approval ,the inability to complete the Acquisition, raise sufficient capital to adequately fund ZeU or a decision of the board of St-Georges not to proceed, which decision can be made at any time prior to closing. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and a number of assumptions that may prove to be incorrect, including, without limitation, assumptions about general business and economic conditions, the timing and receipt of required approval and continued availability of capital and financing. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein. The foregoing list is not exhaustive and St-Georges undertakes no obligation to update any of the foregoing except as required by law.
- Published in St-Georges Eco-Mining
Albert Mining Announces New Gold Discoveries on the Ashuanipi Property, Labrador, Quebec Using Artificial Intelligence (AI)
Momentum Public Relations
Press Release: May 31 2018
Albert Mining Inc. (“Albert Mining” or “Corporation”) (TSX-V: AIIM), a mining exploration company and a leader in the use of Artificial Intelligence (AI) and advanced knowledge-extraction techniques in the mining sector, is pleased to announce historical 2013 exploration results for the 100%-owned Ashuanipi property (283 claims). The project is located 30 km west of Schefferville, along the Quebec-Labrador border.
The Ashuanipi gold project was generated in 2012 using CARDS (Computer Aided Resources Detection System) for 2282726 Ontario Ltd. The current property corresponds in most part to two former claim blocks held by 2282726 Ontario Ltd. until 2015. In the summer of 2013, the later had mandated Diagnos Inc. to conduct exploration work for gold on its CARDS’s prospective targets. The campaign returned 12 samples with assay values above 1 g/t Au and 128 with values above 0.1 g/t Au. The three most significant results originated from newly discovered outcrops and yielded assays of 17.45, 12.25, and 8.13 g/t Au. The 17.45 g/t Au value was obtained from a one meter wide quartz vein while other elevated results were mainly encountered within the silicate facies horizon (pyrigarnite) of iron formation lenses. Albert Mining staked the current Ashuanipi property on January10, 2018.
The above information was taken from an unpublished exploration report prepared by Diagnos Inc. for 2282726 Ontario Ltd. and dated January 20, 2014.
Mr. Michel Fontaine, President & CEO at Albert Mining, stated: “Artificial Intelligence has proven successful again and demonstrated it can reduce exploration time and costs significantly by decreasing the surface area to be investigated by 95% to 97%. These recently released historical results, along with the presence of several gold occurrences identified previously in the area, encourage Albert Mining to pursue exploratory work over its Ashuanipi property. In this regard, a high-resolution heliborne magnetic survey which would serve to guide future exploration programs and a structural analysis and synthesis of the entire property area are considered necessary to better understand all the geological features controlling gold mineralization.”
About Albert Mining Inc. – Powered by Artificial Intelligence (AI)
Albert is a junior mining exploration company using Artificial Intelligence (AI) with an extensive portfolio of gold, copper and zinc properties in Quebec. Albert also recently acquired all assets from DIAGNOS Inc.’s mining division, including the Computer Aided Resources Detection System (“CARDS”). Albert can count on a multidisciplinary team that includes professionals in geophysics, geology, AI, and mathematics. The Company’s objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining.
For further information, please contact:
Michel Fontaine
President and CEO of Albert Mining Inc.
Telephone: 514-994-5843
Fax: 613-422-0773
Email: michel@albertmining.com
Website: www.albertmining.com
Albert Mining-Powered by Artificial Intelligence
Additional information about the Company is available under Albert Mining’s profile on SEDAR atwww.sedar.com .
This news release contains certain “forward-looking statements” or “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or are events or conditions that “will”, “would”, “may”, “could” or “should” occur or be achieved. This news release contains forward-looking statements, pertaining to, among other things, the following: the resumption of the trading of Albert shares on the TSX Venture Exchange. Statements regarding future production, capital expenditures and development plans are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These risks include, but are not limited to, inflation or lack of availability of goods and services, environmental risks, drilling risks, regulatory changes and certain other known and unknown risks detailed from time to time in Albert Mining’s public disclosure documents, copies of which are available on Albert Mining’s SEDAR profile at www.sedar.com .
Although Albert Mining believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance. Albert Mining’s actual results may differ materially from those expressed or implied in forward-looking statements and readers should not place undue importance or reliance on the forward-looking statements. Statements including forward-looking statements are made as of the date they are given and except as required by applicable securities laws, Albert Mining disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
- Published in Albert Mining
Relevium Announces Revenue of $3.2M for the Nine-Month Period Ended March 31, 2018
Momentum Public Relations
Press Release: May 30 2018
Relevium Technologies Inc. (TSX-V:RLV) (OTCQB:RLLVF) (Frankfurt:6BX) (the “Company” or “Relevium”) is pleased to announce its financial and operating results for the three and nine months’ period ended March 31, 2018.
Highlights
- Nine-month sales totalled $3,157,644 including Q3 sales of $1,063,176 recorded by Bioganix®
- Nine-month gross profit of $1,806,515 (57%), including Q2 gross profit of $575,495 (56%)
- In this reporting period, the Company:
- Initiated a market test for the eventual launch of a complete Aloe Vera based health support products and cosmetics
- Revealed a new brand architecture for Bioganix®
- Conducted the initial joint-launch of Planet Hemp with HEMPCO
- Established its presence for the European marketplace in partnership with Amazon
- The Company increased product offerings by 17% to 38 products with further plans to expand to over 50 products in 2018
Results from Operations
During the nine-month period ended March 31, 2018, the Bioganix brand generated $3,157,644 in sales revenues with a gross profit of $1,806,515. A gross margin of 57% continues to remain stable and adjusted EBITDA for the brand remains positive at 25%. On a consolidated basis, the Company reported an increase in expenses in three key areas:
- Selling and Marketing Expenses: The reporting period was marked by a period of preparation for market expansion, which included increased expenses relating to initiatives to build brand equity, expand geographically, launch of new products and build the operating team. The investments included brand repositioning and branding services, promotions and new product launches, increased digital marketing campaigns and other value-added services. The total marketing expense for the nine-month was reported at $1,252,668 with $313,167 allocated to market expansion, branding and product launch initiatives.
- Interest and Accretion Expenses: The Company reported a total of $612,040 ($348,422 of interest and $263,618 of accretion) in the nine-month reporting period for servicing the long-term convertible debt currently on the balance sheet.
- Share-based compensation: The Company reported $554,110 non-cash share-based compensation, reflecting stock options issued to directors, consultants and management in the reporting nine-month period.
These three key areas represent $2,418,818 or 67% of all the Company’s operating expenses for the nine-month reporting period. The Company reported net and comprehensive losses of $1,787,985 ($566,070 in 2017) and Adjusted Earnings Before Interest, Taxes and Amortization totaling $384,151 in the same period.
Aurelio Useche, President and CEO of Relevium stated: “We have increased our marketing and sales spend significantly to successfully launch a new brand, new products and to expand into new markets as previously announced.” Mr. Useche stated further: “Revenues from the original Bioganix product line remain as expected and believe that the additional investments will bear fruit once our presence in Amazon UK and Walmart.com is strong and the new products have taken hold within our customer base.”
For more information, the Company’s previous filings may be reviewed by visiting www.sedar.com and also our website www.releviumtechnologies.com.
Adjusted EBITDA and Non-IFRS Financial Measures
The Management Discussion and Analysis for the same period includes certain measures which are not defined terms in accordance with IFRS such as Adjusted EBITDA. The term “Adjusted EBITDA” refers to net income or net loss after adjusting for interest, taxes, depreciation and costs relating to acquisitions and their integration.
The Company believes that Adjusted EBITDA is useful, supplemental information as it provides an indication of the results generated by the company’s main business activities prior to taking into consideration how those activities are financed and taxed and prior to taking into consideration depreciation and particularly the costs of integration of acquisitions.
Adjusted EBITDA is also a key measure used by the Company’s management and its Board of Directors to understand and evaluate the Company’s operating performance, to prepare annual budgets, and to help develop operating plans. Adjusted EBITDA is not a measure of performance under IFRS and should not be considered in isolation or as a substitute for net and comprehensive income or loss prepared in accordance with IFRS or as a measure of operating performance or profitability.
Adjusted EBITDA does not have a standardized meaning prescribed by IFRS and is not necessarily comparable to similar measures presented by other companies.
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.
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.
Cautionary Note Regarding Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, including the timing and completion of the proposed acquisitions, are forward-looking statements and contain forward-looking information. Generally, forward- looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including the assumptions that the Company will obtain stock exchange approval of the Offering, the proposed acquisition will occur as anticipated, that the Company will raise sufficient funds, and that the Company will obtain all requisite approvals of the acquisition. These forward- looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, the risk that the proposed acquisitions may not occur as planned; the timing and receipt of requisite approvals and failure to raise sufficient funds under the Offering. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
On Behalf of the Board of Directors
RELEVIUM TECHNOLOGIES INC.
Aurelio Useche
President and CEO
For more information about this press release:
Tel: +1.888.528.8687
RELEVIUM TECHNOLOGIES INC
Email: investors@releviumcorp.com
Website: www.releviumtechnologies.com
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See “Adjusted EBITDA and Non-IFRS Financial Measures”
- Published in Relevium Technologies
Tetra Bio-Pharma Inc. Announces Listing of Warrants
Momentum Public Relations
Press Release: May 30 2018
Tetra Bio-Pharma Inc. (“Tetra” or the “Corporation“) (TSXV: TBP) (OTCQB: TBPMF), a global leader in cannabinoid-based drug development and discovery, is pleased to announce that a total of 11,500,000 common share purchase warrants (the “Warrants“) of the Corporation will be listed and posted for trading under the symbol TBP.WT on the TSX Venture Exchange effective on or about June 1, 2018.
The Warrants were issued in connection with the Company’s bought deal prospectus offering of Units (the “Units“) that closed on March 5, 2018. Each Unit consisted of one common share (a “Common Share“) and one Warrant. Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price equal to $1.30 at any time before March 5, 2021.
The Warrants are governed by the terms of a Warrant Indenture dated March 5, 2018 between the Company and Computershare Trust Company of Canada as warrant agent, a copy of which is available under the Company’s profile at www.sedar.com. For further details regarding the Warrants, please refer to the Warrant Indenture.
About Tetra Bio-Pharma:
Tetra Bio-Pharma (TSX-V: TBP) (OTCQB: TBPMF) is a biopharmaceutical leader in cannabinoid-based drug discovery and development with a clinical program aimed at bringing novel drugs and treatments to patients and their healthcare providers. The Company has several subsidiaries that are engaged in the development of Bio Pharmaceuticals and Natural Health Products containing Cannabis and other medicinal plant based elements.Tetra Bio-Pharma is focused on combining the traditional methods of medicinal cannabis use with the supporting scientific validation and safety data required for inclusion into the existing bio pharma industry by regulators, physicians and insurance companies.
More information at: www.tetrabiopharma.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Corporation’s ability to control or predict, that may cause the actual results of the Corporation to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the failure to obtain sufficient financing to execute the Corporation’s business plan; the success of the Rx PrincepsTM product offering and inhalation device; guidance on expected sales volumes associated with the Rx PrincepsTM product offering and inhalation device; competition; regulation and anticipated and unanticipated costs and delays, and other risks disclosed in the Corporation‘s public disclosure record on file with the relevant securities regulatory authorities. Although the Corporation has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The forward-looking statements included in this news release are made as of the date of this news release and the Corporation does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.
SOURCE Tetra Bio-Pharma Inc.
View original content: http://www.newswire.ca/en/releases/archive/May2018/30/c3264.html
Contact:
For further information, please contact Tetra Bio-Pharma Inc., Robert (Bob) Béchard, Vice President, Finance & Business Development, (514) 817-2514; For investors information, please contact: investors@tetrabiopharma.com
- Published in Tetra Bio Pharma
Arctic Star Announces Commencement of Exploration at Diagras Property, Northwest Territories, Canada and Private Placement
Momentum Public Relations
Press Release: May 30 2018
Arctic Star Exploration Corp (TSXV: ADD) (OTCQB: ASDZF) (FSE: 82A1) (“Arctic Star” or the “Company”) is pleased to report that exploration has commenced on its Diagras Property (“Diagras” or the “Property”) located in the Northwest Territories, Canada. Diagras is a contributing Joint Venture (the “Joint Venture”) between Arctic Star, which holds a 40% interest, and Margaret Lake Diamonds Inc. which holds a 60% interest, and acts as project operator.
The exploration program will consist of Gravity, Magnetic and Electromagnetic (EM) ground surveys focused around historically identified kimberlites as well as other airborne geophysical anomalies with kimberlite like signatures. This ground work will provide detailed data for further analysis and interpretation to identify additional kimberlite potential and targets.
Diagras is located in the prolific Lac de Gras diamond field, Northwest Territories, Canada and just 35 km from the world-class Diavik diamond mine. The Property lies directly on trend with the Diavik deposits currently being mined by a joint venture between Rio Tinto and Dominion Diamond Diavik. The Diagras land package consists of 18,699 contiguous hectares of mineral claims containing 12 previously identified kimberlites.
Diagras Land Package within Lac de Gras Diamond Field
To view an enhanced version of the Diagras Land Package within Lac de Gras Diamond Field, please visit: [http://orders.newsfilecorp.com/files/4806/34925_a1527685801637_98.jpg]
Detailed, modern ground geophysical techniques are being employed to define possible additional kimberlite(s) or kimberlite phases missed by previous explorer De Beers Canada, who did not utilize all these techniques. This exploration approach has been successful elsewhere and recent examples include the discoveries of additional diamondiferous kimberlite at the Kelvin and Faraday kimberlite complex (Kennady North project). A second example that further validates the exploration premise is the Tli-Kwi-Cho DO 27, DO18 kimberlite complex also located in the Lac de Gras diamond field. It comprises multiple eruptive/intrusive events of kimberlite, each of a different style and with different geophysical expressions (Mag only, Mag and EM, Gravity, EM and Gravity).
2017 Exploration Program
The Joint Venture was also successful using this strategy during the spring 2017 exploration program. This work revealed gravity and EM anomalies proximal to known magnetic kimberlites that constitute compelling drill targets. At the Jack Pine kimberlite, which is one of the largest kimberlite complexes in the Lac de Gras diamond field (over 1.5km in its longest dimension), the geophysical methods (ground gravity, EM and magnetics) highlighted obvious magnetic kimberlite phases drilled by previous explorer De Beers Canada while also successfully defining a new kimberlite-like geophysical expression. This area remains to be drill tested. Previous drilling elsewhere in the Jack Pine kimberlite complex has demonstrated it is diamond bearing. Targets of great interest were also generated in 2017 at the Black Spruce kimberlite. A series of gravity lows occur adjacent to the south of the known magnetic phase of the kimberlite. One of these gravity anomalies clearly breaks and disturbs a diabase dyke, a characteristic similar to known Lac de Gras kimberlites.
Private Placement
Additionally, Arctic Star is pleased to announce a non-brokered private placement (the “Private Placement”) of 1,130,000 units (the “Units”) at a price of $0.17 per Unit, for gross proceeds of $192,100. Each Unit will be comprised 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 will entitle the holder to purchase one additional Share in the capital of the Company (each, a “Warrant Share”) for a period of 24 months from the closing date at an exercise price of $0.25.
All securities will be subject to a four-month hold period from the closing date. The Private Placement is subject to TSX Venture Exchange (“TSXV”) approval.
The Company intends to use the proceeds from the Private Placement for exploration on the Timantti and Diagras Diamond Projects and for general working capital.
Qualified Person
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist of over 30 years’ experience in diamond exploration, discovery and evaluation.
About Arctic Star
The Company owns 100% of the recently acquired Timantti Diamond Project including a 243 Ha Exploration Permit and a 95,700 Ha Exploration Reservation near the town of Kuusamo, in Finland. The project is located approximately 550km SW of the operating Grib Diamond Mine in Russia. Arctic has commenced its exploration in Finland on the Timantti Project, where four diamondiferous kimberlite bodies 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 several world class diamond discoveries.
ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.
Scott Eldridge, President & CEO
+1 (604) 722-5381
scott@arcticstar.ca
Patrick Power, Executive Chairman
+1 (604) 218-8772
- Published in Arctic Star Exploration
ProSmart Signs Partnership Agreement with Hayley Wickenheiser’s Global Hockey Development Company, Wick Hockey
Momentum Public Relations
Press Release: May 29 2018
ProSmart Enterprises Inc. (TSXV:PROS) (“ProSmart” or the “Company”), a global online network, connecting sports fans, teams and brands, is pleased to announce that it has signed an exclusive Community Growth Partnership Agreement (the “Partnership”) with Wick Hockey Ltd. (“Wick Hockey”). Wick Hockey is the internationally-recognized initiative of Hayley Wickenheiser, who is widely considered to be the best female hockey player in the world. As a decorated Olympian, Hayley has led her national team to four gold and one silver medal as well as being named the tournament’s most valuable player in both 2002 and 2006. She is also an elected member of the International Olympic Committee’s (“IOC”) Athletes Commission. Wick Hockey’s mandate is to develop the skills and growth of women’s hockey and sports globally, with a particular focus on countries such as India and China. The Partnership with ProSmart will enable Wick Hockey to rapidly increase its reach and capabilities across the World and will support ProSmart’s continued expansion and revenue growth plans.
Partnership Highlights
- Wick Hockey and Hayley Wickenheiser to utilize the ProSmart online network as a platform to promote and grow women’s hockey globally through community and education.
- The exclusive Partnership will include co-created content and revenue sharing and will enable ProSmart to reach greater numbers of women in sports.
- As one of the most influential people in hockey, world-wide, Hayley will be able to scale her message and passion for the game across all hockey markets.
- In China, Wick Hockey has established strong relationships and recognition at the highest levels of the game. This will support ProSmart’s ongoing development plans in China, which includes the acquisition of DL Hockey Consulting Ltd. (“DL Hockey”) and the partnership with DGA – one of China’s leading marketing companies.
- ProSmart has previously run programs for Wick Hockey, including the ‘Take the Ice’ women’s hockey community promotion at the Canadian Tire Wickenheiser World Female Hockey Festival (“WickFest”). The promotion quickly grew a community of thousands of supporters and players.
Says Hayley, “We realized through WickFest we have the power to positively impact young women’s lives through their love of hockey and that we can link together an international community to grow the game, especially in women’s hockey. If you look at female hockey in the world, the places where female hockey is the most successful and the most developed also mirrors the countries in the world that treat women the best. I’ve seen a lot of hockey development platforms over the years and I’ve never come across anything as high quality, as comprehensive, and with as much potential as ProSmart. Using it regularly will undoubtedly give greater confidence to all coaches and players around the world, particularly in China.”
ProSmart Co-Founder and CEO, Alan Schuler says, “We are very excited to have Hayley increase her involvement with the Company through this Partnership with Wick Hockey. She and her team have an incredible amount of experience and industry relationships, as well as a fantastic brand. When combined with ProSmart’s global online network that connects fans, teams and brands, our joint opportunities are strengthened considerably.”
Going forward, ProSmart and Wick Hockey will work together to create a player/game development and community platform for women’s hockey. The exclusive Partnership includes terms around co-created content and data ownership, revenue and promotional sharing.
Of significant value is Wick Hockey and Hayley’s network and influence in countries outside of North America, which include China, Mexico, India, and others. Wick Hockey has met directly with Chinese and Indian organizations to bring the game to the youth of both countries. This includes implementing a series of hockey camps for youth in Harbin and Shanghai with Olympian Danielle Goyette, as well as Hayley’s former teammates and coaches and working with hundreds of young girls on the ice in remote northern India.
This Partnership further enhances ProSmart’s plan to build a strong presence in China. Wick Hockey’s activities in China are a natural complement to ProSmart’s acquisition of DL Hockey (announced March 05, 2018) and its minor hockey club and skills camps. DL Hockey and the Wick Hockey Partnership will be able to provide hockey awareness, training, coaching and positive youth development support and content to this burgeoning hockey market.
ProSmart has already successfully worked with Hayley and Wick Hockey – delivering particularly strong participation and conversion rates for a recent, high-profile ice hockey event. ProSmart’s ‘Take the Ice’ contest at WickFest last November resulted in the creating of the world’s largest female hockey community. WickFest is a women’s hockey tournament that involves 2,500 female athletes over two weekends. More than 200 women’s teams from around the world applied to take part in WickFest in 2017 and 108 were accepted. ProSmart collaborated with WickFest and Gatorade to put together the ‘Take the Ice’ contest, which required each team to submit a post about what hockey means to girls across Canada. The winning teams were selected based upon the total number of votes they each collected. 27 of the 108 teams elected to participate in the ‘Take the Ice’ Program. Those 27 teams generated in excess of 107,000 votes from communities across Canada, supporting women’s hockey and attracting thousands to the ‘Take the Ice’ community.
About Hayley Wickenheiser
Hayley is a former 23-year member of Canada’s national women’s ice hockey team, a 5-time Olympian (4 gold medals, 1 silver medal and 2 MVPs) and was also on the Canadian women’s Olympic softball team in 2000. In 2011 Hayley was named an officer of the Order of Canada. Her influence is wide, ranging from her 2014 election to the IOC Athletes’ Commission, to her charitable work, to her desire to grow the game, to her relationships with individuals and organizations including, Canadian Tire, Gatorade and professional clubs/leagues.
Through this agreement Hayley advances her position as an advisor and investor in the Company to a global shared execution of growing the women’s hockey globally.
For more information on Hayley Wickenheiser and Wick Hockey, please visit www.hayleywickenheiser.com.
On behalf of ProSmart Enterprises Inc.
Alan Schuler
Co-Founder & Chief Executive Officer
About ProSmart Enterprises Inc.
ProSmart Enterprises Inc. (TSX-V:PROS) is the parent company of SportgoTM, a global online network connecting sports fans, teams and brands and is an emerging leader in sports content marketing through online tools and mobile apps. SportgoTM works with over 1,500 governing bodies in more than 100 countries and provides unprecedented access to the $1.3 trillion sports market through its proprietary Marketplace Engine. SportgoTM is also the first-and-only online network to provide educational content created exclusively by hall-of-fame and professional athletes, which has been a key driver in user growth.
For more information on ProSmart and SportgoTM, please visit the following links:
ProSmart Enterprises Inc. — http://prosmartinc.com
SportgoTM — https://www.sportgo.com/
For further information please contact:
t: 1-844-927-6278
e: investment@prosmartsports.com
The shares of ProSmart Enterprises Inc. trade publicly on the TSX Venture Exchange under the symbol TSXV:PROS.
“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: Certain statements in this press release are “forward-looking statements” which reflect the Company’s current expectations and projections about future events and financial trends that it believes might affect its financial condition, results of operations, business strategy and financial needs. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “might”, “will”, “expect”, “anticipate”, “estimate”, “intend”, “plan”, “indicate”, “seek”, “believe”, “estimates”, “predicts” or “likely”, or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Whether actual results, performance or achievements will conform to the Company’s expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including without limitation, those risks and uncertainties discussed elsewhere on the website at www.prosmartinc.com and in the Company’s filings on SEDAR. Investors should not place undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date hereof and is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
To view the original release, please click here
Source: ProSmart Enterprises Inc. (TSX Venture:PROS, FWB:1R6)
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- Published in Prosmart Enterprises
Hillcrest Signs Binding Agreements Forming Strategic Alliance to Pursue Oil and Gas Acquisitions in Western Canada
Momentum Public Relations
Press Release: May 29 2018
Hillcrest Petroleum Ltd . (the “Company” or “Hillcrest”) is pleased to announce that it has signed binding agreements creating a Strategic Alliance (the “Strategic Alliance”) with a private company (the “Partner”) to pursue oil and gas acquisitions in Western Canada. Under the Strategic Alliance, Hillcrest will grant the Partner an exclusive right of first refusal on pre-screened acquisition opportunities to be operated and managed by Hillcrest and will be assigned a 25% carried interest in any acquired assets in exchange for access to its acquisition opportunity register and oil and gas business management services. The Partner will fund 100% of acquisition and development costs.
Hillcrest has compiled a register of potential oil and gas acquisition targets in Western Canada, selected based on criteria including positive operating cash flow from current production operations and the potential to increase the market value of the assets by more than 3x through field development activities. Hillcrest is currently in various stages of discussions with a number of vendors regarding these acquisition targets.
Under the Strategic Alliance, Hillcrest will offer acquisition opportunities to the Partner. Should the Partner elect to pursue one or more of the acquisition opportunities, Hillcrest will facilitate the acquisition on behalf of the Partner, operate the acquired assets under joint venture agreements and implement field development plans intended to maximize the market value of the acquired assets with capital funding provided by the Partner.
The Partner intends to raise up to $50,000,000 to fund potential acquisition and subsequent development of oil and gas assets through an asset secured token offering attached to the acquired oil and gas assets. The Partner has engaged an investment banking and financial services group with specialist expertise in block chain tokens and has initiated activities with them in preparation to market the tokens in the coming weeks.
As previously announced on May 22 nd , and consistent with the terms of the Strategic Alliance, Hillcrest continues to focus on its core business as an oil and gas company with activities directed toward the acquisition, development and management of oil and gas assets.
Highlights of the Strategic Alliance are:
-The Partner has an exclusive first right of refusal to partner with Hillcrest on oil and gas acquisitions in Western Canada identified by Hillcrest.
-The Partner will fund 100% of the acquisition and development costs associated with oil and gas assets.
-Hillcrest will provide oil and gas business management services and will manage and operate assets acquired under the terms of agreements related to the Strategic Alliance between Hillcrest and the Partner.
-Hillcrest will receive a direct 25% carried ownership interest in any assets acquired.
-Hillcrest will receive a management fee and full cost recovery for providing oil and gas business management services to identify, acquire and manage Canadian oil and gas assets, as well as milestone based bonuses and operational performance based bonuses to be agreed with the Partner after assets are acquired.
– The term of the agreements are 5 years, with options to extend.
Don Currie, Hillcrest CEO, states: “The execution of the binding agreements forming this Strategic Alliance with a funding partner is a substantial development for Hillcrest and one that has the ability to fast track our acquisition and development plans. The relationship between the parties will see their capital back our Western Canadian acquisition opportunities, with both parties benefiting as acquisitions are completed and further field development is undertaken to unlock the value in the assets. Assuming the Partner is successful in its financing activities over the coming weeks, Hillcrest would expect to accrue significant short term value increases, at no cost to Hillcrest, through our through carried interest interests in quality oil and gas assets that we have identified and commenced discussions on over the last several months. Further value to Hillcrest could be expected as value is delivered from acquired assets through field development activities managed by Hillcrest and from management fees and various bonus structures under the agreements related to the Strategic Alliance. Another significant benefit, is that Hillcrest will no longer have to consider equity capital raises and/or debt to fund acquisition and development opportunities for growth. We are excited to be aligned with a financial group who recognize and are prepared to invest based on our management team’s extensive experience and track record delivering value from upstream oil and gas projects and who share our belief that this is an excellent time to be acquiring assets in the Western Canadian Sedimentary Basin.”
For more information on Hillcrest Petroleum Ltd, contact Don Currie toll free at 1-855-609-0006 or visit the Company’s website at www.hillcrestpetroleum.com
ON BEHALF OF THE BOARD
Donald 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.
- Published in Hillcrest Petroleum
Pacton Gold to Acquire Granted Mining Leases and Further Increases its Strategic Property Portfolio in Western Australia’s Pilbara Mining Region
Momentum Public Relations
Press Release: May 28 2018
Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the “Company” or “Pacton“) is pleased to announce that it has entered into a binding letter of intent (“LOI“) to acquire 100% of the Friendly Creek exploration license and mining leases (“Friendly Creek“) from Gardner Mining Pty Ltd(“Gardner Mining“), an Australian proprietary limited exploration company and from Darren White(together, the “Vendors“). Five granted mining leases and one granted exploration license comprise a total of 31.36 km2 (the “Property“). Friendly Creek is historically one of the richest known areas for alluvial nuggets within the Pilbara region, where a large amount of alluvial fine grained gold to multiple considerable sized nuggets have been recovered, 127 oz (in 1888) and 165 oz (in 1892) gold nuggets(source: www.mindat.org/loc-272951.html). Note: These samples are not indicative of the mineralization hosted on the property.
Highlights of the Transaction:
- Strategic portfolio of 5 granted mining leases and 1 granted exploration license (31.36 km2).
- Mining leases provide the potential for immediate large scale bulk sampling of mineralization, with existing on site infrastructure including operational camp facility.
- Alluvial, eluvial and bedrock mining historical gold workings extend over a 10 km strike.
- Directly adjacent to key exploration properties controlled by Novo Resources Corp. and Kairos Minerals Ltd.
- Access to the extensive regional knowledge and technical expertise provided by the Gardner Mining Team. Gardner is comprised of corporate finance executives, geologists, prospectors, and mining executives with strategic relationships to the local communities in which it operates.
“The acquisition of the Friendly Creek Project, with granted mining leases, clearly places Pacton with a strategic advantage ahead of our peers in creating the opportunity to rapidly conduct large scale bulk sampling programs. The historical discovery of large gold nuggets at Friendly Creek in Western Australia, and an identified mineralised strike length of 10 km, is compelling to justify an upcoming intensive exploration program,” commented Alec Pismiris, Interim President and CEO of Pacton Gold. “We look forward to working closely with the Gardner team, as we continue to focus on understanding the true potential of our strategic portfolio holdings and as we look to complete additional accretive acquisitions.”
About Gardner Mining Team
The director, management and associated consultants of Gardner Mining have extensive local operating history within the Pilbara region of Western Australia. The team is comprised of corporate finance executives, geologists, prospectors and mining executives, and has extensive ties to the local communities where it operates. Gardner Mining will work closely with Pacton as required to maximize the ongoing development of their existing project portfolio and to identify further value accretionary opportunities.
For location map of the Property, please see: http://www.pactongold.com/Pacton-Location-Map.jpg.
Initial exploration activities planned to be undertaken include:
- Comprehensive review of historical mining and exploration activities conducted on the Property.
- Acquisition and interpretation of high resolution airborne imagery to refine the palao drainage interpretation.
- Mapping of regolith, project geology and structural controls relating to mineralization.
- Infill and extensional geochemical sampling targeting gold.
- Metal detecting and small scale dry blowing to identify the presence of surficial gold nuggets.
LOI Terms
Under the terms of the LOI, which will be formalized by a definitive agreement among the parties, the Company will purchase a 100% ownership interest in Friendly Creek by paying the Vendors a total of CDN$25,000 and issuing to the Vendors 2,500,000 common shares of Pacton.
This transaction is subject to the acceptance of the TSX Venture Exchange.
About Pacton Gold
Pacton Gold (PAC: TSXV; PACXF: US) is a well-financed Canadian junior with key strategic partners focused on the exploration and development of conglomerate-hosted gold properties located in the district-scale Pilbara gold rush in Western Australia. The Company recently raised approximately $5.5 million, currently controls the third largest conglomerate-hosted gold property portfolio totaling 2,227 km2, and continues to aggressively review additional accretive acquisitions.
The technical content of this news release has been reviewed and approved by Peter Caldbick, P.Geo., a director of the Company and a Qualified Person pursuant to National Instrument 43-101. The qualified person has not visited the Friendly Creek site and therefore has not verified the data disclosed, including sampling, analytical, and test data underlying the information or opinions contained in the written disclosure.
On Behalf of the Board of Pacton Gold Inc.
Alec Pismiris
Interim President & CEO
This news release may contain or refer to forward-looking information based on current expectations, including, but not limited to the Company acquiring an interest in properties/licenses controlled by Gardner Mining and Darren White completion of the proposed transaction described herein, the prospect of the Company achieving success in exploring the Property and the impact on the Company of these events, including the effect on its share price. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances. References to other issuers with nearby projects (Novo Resources Corp. and Kairos Minerals Ltd.) is for information purposes only and there are no assurances the Company will achieve similar results.
Neither TSX Venture Exchange, the Toronto Stock Exchange nor their 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.
- Published in Pacton Gold Inc.
ProSmart Announces Changes to Its Board of Directors
Momentum Public Relations
Press Release: May 28 2018
ProSmart Enterprises Inc. (TSXV:PROS) (“ProSmart” or the “Company”), a global online network, connecting sports fans, teams and brands, announces changes to its Board of Directors (the “Board”). Parminder Singh has joined the Board effective May 28, 2018, replacing Myles McGovern who has resigned effective May 28, 2018.
Parminder has more than 25 years of technical, operations, international business, and management experience in public and private corporations. He has worked in variety of senior management roles in different sized organizations that span from undercapitalized start-ups to Fortune 100 multinational corporations. His background includes hands-on industry experience in software development, product development, online e-commerce & web services, intellectual property, innovation sourcing and video gaming, medical devices, advertising, & brand development. Parminder’s extensive background and exposure to a variety of different industries and his global relationships will be highly beneficial in steering the growth of ProSmart.
Parminder is currently the CEO of the Taal Consulting Group, Inc (“Taal”). Taal is a boutique business consulting firm that specializes in helping companies (big, small, public and private) grow and create value by transforming nascent technologies into commercially viable products and services, and by helping them scale their offerings to global markets through strategic partnerships. Parminder’s background and experience includes:
- Established relationships with Fortune 500 corporations, governments, universities and financial institutions around the world.
- Consummated hundreds of business deals with entities around the world.
- CEO of LifeLens Technologies LLC. A US based medical device company that is commercializing a patch-based, personal wearable device that utilizes big data and AI to cross-correlates aspect of a user’s health, movement and environmental influences.
- President of Intellectual Ventures Canada, part of a $5.5B private equity fund focused on intellectual property and early-stage technologies in IT, physical science and life sciences.
- Founder and CEO of three start-ups — 1) Evenio Media, which created an award-winning multimedia content publishing and management software platform, MediaSlate; 2) 5th Link Software, which created a platform called Visual Link SoftwareTM; and 3) Singhma Systems, a product prototyping design firm.
- 6 years in various senior roles at Microsoft including Managing Director of the Microsoft Canada Development Centre and Director of International Business Strategy, Xbox 360 & Next Generation Products.
- VP, Worldwide Development for Ensequence, a company that developed a suite of software tools to be used in the Interactive Television industry.
- 12 years’ experience in the satellite and communications space with Telesat, Motorola, Teledesic and FreeInternet Networks.
- Chairman, Board Member or Advisor to ME Resources, AxioSonic, URLive, Interface Health Society, Cross Pacific Capital Partners and AON3D.
Parminder is a Professional Engineer (Electrical/Computer Engineering) and a registered member of the Association of Professional Engineers of Nova Scotia. He is also an amateur athlete, who has competed in basketball, badminton, track and soccer at the provincial and national levels. Parminder lives in Surrey, British Columbia Canada.
Says Alan Schuler, CEO and co-Founder of ProSmart, “We wish to thank Myles for his strong contributions to ProSmart over the past year. He was extremely valuable in helping us manage our way through the public market transaction, raising funds and encouraging a more disciplined approach to managing growth. We are excited that Parminder is joining the company. He has an impressive, incredibly diverse background that will help us penetrate the $1.3 trillion global sports industry1. He has a thorough understanding of all aspects of business for both start-ups and large established companies, which will serve us well at all stages of growth.”
1 “Sports Industry Statistics and Market Size” Plunkett Research, 2016.
On behalf of ProSmart Enterprises Inc.
Alan Schuler
Co-Founder & Chief Executive Officer
About ProSmart Enterprises Inc.
ProSmart Enterprises Inc. (TSX-V:PROS) is the parent company of SportgoTM, a global online network connecting sports fans, teams and brands and is an emerging leader in sports content marketing through online tools and mobile apps. SportgoTM works with over 1,500 governing bodies in more than 100 countries and provides unprecedented access to the $1.3 trillion sports market through its proprietary Marketplace Engine. SportgoTM is also the first-and-only online network to provide educational content created exclusively by hall-of-fame and professional athletes, which has been a key driver in user growth.
For more information on ProSmart and SportgoTM, please visit the following links:
ProSmart Enterprises Inc. — http://prosmartinc.com
SportgoTM — https://www.sportgo.com/
Investors can stay connected with ProSmart by following on:
LinkedIn — https://www.linkedin.com/company/prosmartsports/
CrunchBase — https://www.crunchbase.com/organization/prosmart-sports-development-inc
AngelList — https://angel.co/prosmart-sports-development
For further information please contact:
t: 1-844-927-6278
e: investment@prosmartsports.com
The shares of ProSmart Enterprises Inc. trade publicly on the TSX Venture Exchange under the symbol TSXV:PROS.
“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: Certain statements in this press release are “forward-looking statements” which reflect the Company’s current expectations and projections about future events and financial trends that it believes might affect its financial condition, results of operations, business strategy and financial needs. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “might”, “will”, “expect”, “anticipate”, “estimate”, “intend”, “plan”, “indicate”, “seek”, “believe”, “estimates”, “predicts” or “likely”, or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Whether actual results, performance or achievements will conform to the Company’s expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including without limitation, those risks and uncertainties discussed elsewhere on the website at www.prosmartinc.com and in the Company’s filings on SEDAR. Investors should not place undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date hereof and is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
To view the original release, please click here
Source: ProSmart Enterprises Inc. (TSX Venture:PROS, FWB:1R6)
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- Published in Prosmart Enterprises, Uncategorized
Crystal Lake closes $1.17-million private placement
Momentum Public Relations
Press Release: May 28 2018
Crystal Lake Mining Corp.’s previously announced private placement of May 18, 2018, has been oversubscribed.
Subscriptions received for the second tranche of the non-brokered, hard-dollar private placement at 55 cents per unit totalled $473,000 (860,000 shares to be issued). Final aggregate gross proceeds for this financing with strategic investors came to $1,173,000 (2,132,727 shares in total).
Each unit of the Crystal Lake private placement consisted of one common share of the company and one full share purchase warrant. Each warrant entitles the subscriber to purchase an additional common share at a price of 70 cents for 24 months. All securities will be subject to a statutory hold period of four months from closing.
Proceeds of the financing, which remains subject to regulatory approval, will be used to further advance the company’s Nicobat project in Northwest Ontario and for general working capital purposes. A finder’s fee is payable to qualified recipients as permitted by 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 sulfide deposits using technical excellence in exploration target development.
- Published in Crystal Lake Mining