Stelmine completes the first $496 000 tranche of a private placement with investors including institutional funds
Momentum Public Relations
Press Release: June 29 2018
Stelmine Canada Ltd.(STH:V), a junior mining exploration company which concentrates its activities in the Province of Québec announced today the closing of the first tranche of a non-brokered private placement concluded with investors including institutional funds.
The first tranche of the private placement (the “Placement”) consists in the issuance of 2 480 000 units (the “Units”) at a price of $0.20 per unit, for placement of $496,000; each Unit is composed of one (1) common share of Stelmine (“Share”) and one half (1/2) common share purchase warrant, each warrant entitling its holder to subscribe to one (1) Share at a price of $0.30 per Share during an 18-month period.
The following funds participated in the first tranche of the Placement: Capital croissance PME II S.E.C. (CCPME), Société de développement de la Baie James (SDBJ), as well as the Fonds de solidarité FTQ and SIDEX, these last two, in an amount of $100,000 each through FIELD-ACTION 2018, an initiative designed to encourage junior mining companies to perform their fieldwork in Québec while at the same time supporting their working capital.
“I am very pleased that these important institutions, which proceeded to a first investment in 2017, have renewed their confidence in Stelmine’s projects”, said Isabelle Proulx, the Company’s President and CEO. “This financing will allow our company to continue during the summer of 2018 the work program initiated in 2017.”
An insider of the Company participated to this Placement for proceeds of $5,000. This insider subscribed to the Units under the same terms as the other investors. The participation of this insider is exempt from the formal valuation and shareholder approval requirements as per Sections 5.5(a) and 5.7(1)(a) of Regulation 61-101 respecting Protection of Minority Holders in Special Transactions. The exemption is based on the fact that the market value of such participation or the consideration paid by such insider does not exceed 25% of the market value of the Company.
All securities issued in connection with this Placement are subject to a hold period of four months and one day. The Placement is subject to the approval of the TSX Venture Exchange. Stelmine has not filed a material change report in the 21 days preceding the Placement.
The proceeds of this Placement will be used for the Company’s operating costs and working capital.
About Stelmine
Stelmine is a junior mining exploration company and its activities are located in the Province of Québec. Stelmine holds 994 claims spanning 517 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 26,160,645 issued and outstanding shares for a current market capitalization of $5,2 million.
About CCPME
CCPME is a fund jointly set up by the Caisse de dépôt et placement du Québec and by Capital Régional et Coopératif Desjardins for the purpose of supporting the economic development of Québec businesses and encouraging their growth. The Placement will be made by CCPME, for which Gestion Desjardins Capital Inc. acts as manager.
About SDBJ
Created in 1971 by the James Bay Region Development Act, the SDBJ’s mission is to promote the James Bay territory’s economic development and the development and use of its natural resources, other than hydroelectric resources, which are Hydro-Québec’s responsibility, from a sustainable development perspective. It can generate, support and participate in projects for these purposes. www.sdbj.gouv.qc.ca
About SIDEX
SIDEX is an initiative of the Québec government and the Fonds de solidarité FTQ whose mission is to invest in companies engaged in mineral exploration in Québec in order to diversify the province’s mineral base, promote innovation and new entrepreneurs.
About Fonds de solidarité FTQ
The Fonds de solidarité FTQ is a capital development fund that channels the savings of Quebecers into investments. With $13.7 billion in net assets as at November 30, 2017, the Fonds has helped create and maintain over 186,440 jobs. The Fonds has more than 2,700 partner companies and over 645,000 shareholder-savers.
Forward-Looking Statements
The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information :
Isabelle Proulx President and CEO |
Christian Guilbaud Director |
418-626-6333 info@stelmine.com |
514-813-7862 |
Stelmine.com |
- Published in Stelmine Canada
Stelmine initiates a new exploration campaign on its Courcy flagship property
Momentum Public Relations
Press Release: June 21 2018
Stelmine Canada.(STH:V). Stelmine announces the start of its summer 2018 exploration program on the Courcy flagship property. The gold property is located in the eastern segment of the Opinaca sub-province near the Québec/Labrador border.
2018 Program
Courcy property
The main objective of this campaign is to circumscribe and expand all zones containing gold mineralization and positioning drill collars for a drilling campaign to be initiated during the fall of 2018. Based on the results obtained from previous field work completed in 2017, the exploration work will include:
- detailed geological and structural mapping;
- rock sampling (grab and channel), and overburden stripping on 17 priority zones containing gold mineralization distributed throughout the property.
Other properties
Stelmine will devote 10 days to each the Trieste and Joubert properties, exploring (mapping and sampling) key areas where gold mineralization was discovered in 2017. The largely unexplored Mercator property will undergo regional exploration which is expected to last several days.
2017 Program
More than 1.2M$ was spent on a summer exploration campaign that was successful in discovering new potential Au-rich targets on the eastern Courcy property. Geological mapping combined with the reinterpretation of previous geophysical VTEM, THEM and MaxMin surveys allowed the definition of a new geological and structural framework related to gold mineralization. Over 2,000 m2 of overburden was stripped from 13 new mineralized sites. A total of 751 rock samples, including 265 channel samples having a total length of 265 m were collected from outcrops, ancient and new stripped zones.
To date, the Courcy North and South zones are deemed the most prospective for gold. The best results for the North zone varies from 0.31 to 8.38 g/t Au, with an average concentration of 1.29 g/t Au if we merge Stelmine and SOQUEM’s previous data. Significant channel sample results yielded 1.05 g/t Au on 8.39 m, 1.79 g/t on 4.10 m and 1.58 g/t on 4.20 m.
In the South Zone, several showings displayed visible gold and elevated Au concentrations in grab samples (ex: 167 g/t, 33 g/t, 24.8 g/t and 4.8 g/t). A compilation of values > 0.3 g/t obtained by Stelmine and SOQUEM produced an average of 3.65 g/t Au.
2006 Program
SOQUEM completed a drilling campaign, including 772 m of core material distributed in eight diamond drill holes and producing the following results: 4.27 g/t Au on 42 m (including 12.15 g/t Au on 13.5 m; drill hole no. 8), 0.94 g/t Au on 10.50 m (drill hole no. 4) and 0.4 g/t Au on 15 m (drill hole no. 2).
Stelmine’s President and CEO, Isabelle Proulx declares “Our exploration strategy on the Courcy property is specifically designed to focus on the most important gold-bearing targets throughout the property and will ultimately lead to a drilling campaign. The completion of our second year of field work will strongly benefit from our geological, geophysical and geochemical knowledge acquired from last year. In targeting the eastern segment of the Opinaca subprovince, Stelmine generated a renewed interest from the mining industry. Our results are now being closely monitored as we further explore the mining potential of this newly investigated mining sector”.
The Courcy property is located 100 km west of the city of Fermont, Québec. The property consists of 393 claims covering 206 km2 and is 100 % owned by Stelmine. Stelmine’s base camp is located on lac Couteau. A team comprising two senior geologists, two junior geologists, two technicians accompanied by a foreman and a cook is presently on site and carrying out work.
The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101.
Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy project.
About Stelmine
Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 994 claims spanning 517 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 23,680,645 issued and outstanding shares for a current market capitalization of $4.7 million.
Forward-looking statements
The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information : | |
Isabelle Proulx | Christian Guilbaud |
President and CEO | Business Development |
418-626-6333 | 514-813-7862 |
info@stelmine.com | |
Stelmine.com |
- Published in Stelmine Canada
Another gold discovery for Stelmine in the James Bay Area
Momentum Public Relations
Press Release: April 17 2018
Stelmine Canada(« Stelmine ») (TSX-V:STH). Stelmine announces a gold discovery on its Joubert property which is highlighted by concentrations of 2.48 g/t Au, 0.16 %Zn, 1440 and 2760 ppmAs. Following its exploration strategy targeting the best gold potential zones near the contact of the La Grande and Opinaca Sub-province in Quebec, the Company increased the area of the Joubert property. These acquisitions are based on the assay results of grab rock samples collected in 2017 on Joubert and on the geological and structural context conductive to mineralization.
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« These results allow the Company to consider our new work program with an optimistic outlook. With the Company discoveries and over 994 claims staked in this new exploration sector of the eastern Opinaca and La Grande Sub-provinces, Stelmine becomes a major player of the industry » claims Isabelle Proulx, President of Stelmine Canada.
The Company acquired by staking 75 new claims that include the extension of greenstone belts, metasedimentary and gabbroïc rocks located in the eastern part of the La Grande geologic Sub-province in the James Bay area. The Joubert property was expanded to 182 claims covering an area of 94.25 km2.
Stelmine’s geologists completed a two day exploratory visit of the property allowing the mapping of metasedimentary rock assemblages (Solomon Formation) at the contact with basaltic metavolcanics (Trieste Formation) having a larger extent relative to what is revealed by the MERNQ mapping. Gold mineralization was discovered in the northeastern corner of the property on a gossan exposing paragneissic rocks in contact with metabasalts. The mineralization zone includes pyrrhotite, pyrite and chalcopyrite locally massive or in fractures. The rock is occasionally silicified and magnetic containing graphite and quartz veins. Grab samples revealed assay values of 2.48 g/t Au, 0.16 %Zn, 1440 and 2760 ppmAs. In the southeastern part of the property, near the pyroxenitic/peridotitic pluton of the Dutreuil suite and the Au-Cu showings identified by the MERQ, a lithologic assemblage similar to the previous one exposes ultramafic rocks, massive and pillowed basalts and metasediments revealing massive to disseminated, graphitic and cherty zones showing anomalous gold and zinc values (0.10 and 0.13 g/t Au) and (0.10 % Zn). These convincing assay results are added to the recent MERQ values highlighting anomalous Au (0.10-0.11 g/t Au), Zn (0.10-0.24 %) and As (3000 ppm) concentrations in Joubert’s metavolcanic and metasedimentary rocks. Assay values of 4.69 g/t and 0.48 g/tAu were produced from deformed quartz veins located 1 km south of Stelmine’s new discovery (see Figure 1).
During the 2018 summer season, Stelmine will implement a more thorough exploration campaign of the Joubert property including geological and structural mapping accompanied by rock sampling.
The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101.
Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy project.
About Stelmine
Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 994 claims spanning 662.8 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 23,680,645 issued and outstanding shares for a current market capitalization of $4.1 million.
Forward-looking statements
The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information :
Isabelle Proulx | Christian Guilbaud |
President and CEO | Business Development |
581-998-1222 | 514-813-7862 |
info@stelmine.com | |
Stelmine.com |
A map accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/e411ff50-781a-4d11-b8eb-3fd106c491c1
- Published in Stelmine Canada
New gold discovery for Stelmine in the eastern James Bay region
Momentum Public Relations
Press Release: June 1 2018
Stelmine Canada(« Stelmine ») (TSXV:STH). Stelmine announces a new gold discovery on its Trieste property and follows its commitment to acquire properties within the more prospective gold-bearing terranes exposed in Quebec near the boundary between the La Grande and Opinica subprovinces. The Company has nearly doubled the area of its Trieste property following the positive results obtained on its Courcy flagship property in conjunction with the analytical results received in 2017 on the Trieste property which indicate gold mineralization representing a new discovery.
“Despite a short one day excursion completed by helicopter on Trieste, we were pleasantly surprised to discover gold-bearing iron formations. It became clear to us it was imperative to preserve this potential asset for Stelmine and increase its area,” says Stelmine’s president, Isabelle Proulx.
The Company has acquired 81 new claims encompassing slivers of greenstone belts located in the eastern La Grande subprovince in the James Bay region. The Trieste property now spans an area of 66.6 km2distributed in 129 claims.
A visit to the Trieste property by our geologists allowed the identification of folded bands of magnetic iron formations (oxide facies) intercalated with metasediments and mafic metavolcanic layers. The iron formations contain magnetite and sulphides (pyrite, pyrrhotite, arsenopyrite and chalcopyrite) and is crosscut by sulphide-bearing quartz veins. A composite sample of mineralized wallrocks near the banded iron formations revealed gold and arsenic values of 1.10 g/t and 8350 ppm respectively.
“The results coming from the Trieste property integrated with those from the Courcy project open great perspectives relative to the development of a new zone with strong gold potential in Quebec. Stelmines strives to become the leader in this new exploration sector,” reiterates Isabelle Proulx.
Stelmine will implement a more thorough exploration campaign of the entire Trieste property during the summer 2018, including geological and structural mapping and rock sampling.
The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101.
Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy project.
About Stelmine
Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 919 claims spanning 624 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 23,680,645 issued and outstanding shares for a current market capitalization of $4.2 million.
Forward-looking statements
The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information : | |
Isabelle Proulx | Christian Guilbaud |
President and CEO | Business Development |
581-998-1222 | 514-813-7862 |
info@stelmine.com | |
Stelmine.com |
- Published in Stelmine Canada
Stelmine reveals a new gold-rich zone on Courcy
Momentum Public Relations
Press Release: April 5 2018
Stelmine Canada(« Stelmine ») (TSX-V:STH) reveals the results of its last exploration campaign realized on a new zone located in the southern part of the Courcy property. In fact, our work including geological mapping, sampling and overburden stripping unhearted km-long structures and gold-bearing lithologies on which more detailed work certainly including diamond drilling will be completed during the 2018 summer season.
The Southern Zone presents several geological features that warrant a more thorough investigation:
- Visible gold observed on at least three major showings;
- High gold values associated with pyrrhotite-rich deformed/mylonitic metasedimentary/metavolcanic rocks: ex. 167 g/t, 33 g/t, 24.8 g/t and 4.8 g/t;
- Gold assay values ranging from 0.36 to 24.8 g/tAu and averaging 2.75 g/t (41 samples excluding the 167 g/t sample);
- The reinterpretation of past geophysical surveys highlighted bent contours in magnetic/conductive signatures suggesting deformed structures susceptible to form traps for gold mineralization. These km-long folded features (mylonites and shears) are rich in pyrrhotite ± pyrite ± chalcopyrite±gold;
- The widespread occurrence of conglomeratic units combined with the presence of fuchsite associated with sulfide-rich rocks, ultramafic sills, silicified protoliths and quartzite/arenitic bands, all suggest widespread hydrothermal alteration possibly associated with gold mineralization.
The Courcy property consists of 393 claims located in the eastern segment of the Opinaca sub-province near the Quebec/Labrador border, 100 km west of the city of Fermont, Quebec.
The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101.
Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy camp and of our crew at work.
About Stelmine
Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 838 claims spanning 583 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 23,680,645 issued and outstanding shares for a current market capitalization of $3.9 million.
Forward-looking statements
The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information :
Isabelle Proulx President and CEO |
Christian Guilbaud Business Development |
581-998-1222 info@stelmine.com |
514-813-7862 |
Stelmine.com |
- Published in Stelmine Canada, Uncategorized
Tetra Bio-Pharma Receives Health Canada Approval for Phase 2 Cannabis Oil Trial in Partnership with Sante Cannabis
Momentum Public Relations
Press Release: January 29, 2018
Tetra Bio-Pharma Inc. (“Tetra” or the “Company”) (TSX VENTURE:TBP)(OTCQB:TBPMF), a global leader in cannabinoid-based drug development and discovery, is pleased to announce the approval by Health Canada of a Phase 2 clinical trial designed to evaluate the safety and efficacy of different doses and ratios of medical cannabis oil (THC & CBD) to improve uncontrolled chronic pain in cancer and non-cancer patients.
“To our knowledge, this is the first Health Canada-approved phase 2, randomized, double-blind, placebo-controlled clinical trial using encapsulated medical cannabis oil in Canada,” said Bernard Fortier, Tetra Bio-Pharma’s CEO. According to an Eight Capital analysis1, the cannabis oil market is expected to reach 1.5B$ in 2024.
“This is a significant milestone in our mission to become a global bio-pharmaceutical leader in cannabinoids-based drug development. We currently have a strong pipeline of five cannabinoid-based products, all launched last year and using different delivery systems, in various stages towards Health Canada and FDA approval.”
The Phase 2 trial will be conducted with Montreal-based Santé Cannabis, Quebec’s first medical clinic and resource centre specializing in cannabis and cannabinoids for medical purposes.
According to Health Canada data2, the annual Canadian cannabis oil production for medical purposes was 22,766 kg between October 1st 2016 and September 30th 2017, and is growing continuously. In the third quarter of 2017, it grew 24% from Q2 (Apr-Jun) to Q3 (Jul-Sep)1.
Dr. Guy Chamberland, Tetra’s Chief Scientific Officer (CSO), also commented that “there is limited scientific and clinical information on the different doses and ratios of medical cannabis oil in the management of pain. This type of clinical trial is required to generate the urgently needed safety and efficacy data required by physicians and pharmacists for the adequate care of patients”.
“We are excited to launch this trial to build the evidence base for medical cannabis in chronic pain, and to demonstrate the leadership of Santé Cannabis on the world stage” said Dr. Antonio Vigano, Research Director of Santé Cannabis and McGill University Associate Professor of Oncology. “At Santé Cannabis, our team observes the impact that cannabis oil has for our patients. For many, medical cannabis can reduce or even eliminate the need for other pharmacological medications. As clinicians and researchers, we must pursue these critical steps to quantify its benefits and to investigate potential risks.”
These studies are part of the Company’s sales and marketing strategy required to effectively penetrate a physician-pharmacist market. The outcome of these studies will also support Tetra’s overall drug development strategy and it is expected that this will allow Tetra to reduce the overall time-to-market for a number of its cannabinoids-based prescription drugs. The company will also use this data to create novel new products that will allow Tetra to further increase its share in the cannabis oil market.
Last year, Tetra launched a number of drug development programs that are expected to lead to the commercialization of cannabinoid-based prescription drugs, making it one of the world leaders in cannabinoid pharmaceuticals. Tetra’s vision is to develop an evidence-based approach similar to that of any other prescription drug, thereby allowing physicians to prescribe, and pharmacists to dispense, these medicines to patients in need.
After receiving approval of a phase 1 clinical trial for its PPP005 cannabis oil program in mid-January of this year, Tetra is now launching a phase 2 trial to assess if cannabis oil treatment will reduce the amount of concurrent pain medications and the need for rescue medications to control chronic cancer and non-cancer pain. This phase 2 clinical trial is a randomized, double-blind, placebo-controlled trial designed to evaluate the safety and efficacy of different doses and ratios of medical cannabis oil. In addition, the study will evaluate the effects on improving symptom burden and on cognition and mood in those chronic pain patients.
Tetra and Santé Cannabis have been preparing for several months to initiate this clinical program. The team at Santé Cannabis has grown to include qualified and experienced personnel in the conduct of clinical trials in compliance with Good Clinical Practices. This trial is driven by the medical experts of Santé Cannabis and will provide much needed safety and efficacy data in this patient population, as well as provide Tetra with critical knowledge of the benefits of different ratios of THC and CBD in pain management.
1: Cannabis Sector, Eight Capital Estimates, July 2017
2: Health Canada Market Data, [https://www.canada.ca/en/health-canada/services/drugs-health-products/medical-use-marijuana/licensed-producers/market-data.html]
About Tetra Bio-Pharma:
Tetra Bio-Pharma (TSX VENTURE:TBP)(OTCQB:TBPMF) is a biopharmaceutical leader in cannabinoid-based drug discovery and clinical development. Tetra is focusing on three core business pillars: clinical research, pharmaceutical promotion and retail commercialization of cannabinoid-based products.
More information at: www.tetrabiopharma.com
Source: Tetra Bio-Pharma
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 Company 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 Company’s ability to control or predict, that may cause the actual results of the Company 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 inability of the Company, through its wholly-owned subsidiary, GrowPros MMP Inc., to obtain a license for the production of medical marijuana; failure to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, the success of the Company’s research strategies, the applicability of the discoveries made therein, the successful and timely completion and uncertainties related to the regulatory process, the timing of clinical trials, the timing and outcomes of regulatory or intellectual property decisions and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company 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. While no definitive documentation has yet been signed by the parties and there is no certainty that such documentation will be signed The forward-looking statements included in this news release are made as of the date of this news release and the Company 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.
Tetra Bio-Pharma Inc.
Dr. Anne-Sophie Courtois, DVM
Vice President, Marketing & Communications
(514) 360-8040 Ext. 210
anne-sophie.courtois@tetrabiopharma.com
- Published in Marijuana, Medical Marijuana, Tetra Bio Pharma
Puma Exploration and Votorantim Metals Canada amend the terms of the Murray Brook Property Agreement
Momentum Public Relations
Press Release: January 25, 2017
Puma Exploration inc. (the “Company” or “Puma”) (TSX VENTURE:PUM)(SSE:PUMA) is pleased to announce that by mutual agreement, Votorantim Metals Canada Inc. (“Votorantim”) and Puma have agreed to modify the terms of the amended and restated Asset Purchase Agreement signed October 5th, 2016 to facilitate and accelerate the final closing of the acquisition of the Murray Brook Property which include the transfer of the mining claims to Puma.
To satisfy the new requirements as set in the amended agreement signed November 27th 2017, Puma will proceed with the $2M cash consideration on February 28th, 2018 as previously agreed. The date at which the Environmental Bond will be assumed by Puma has been postponed to December 31st, 2018, the date of the final cash consideration payment. Once the final cash consideration payment is done and that Puma has assumed the Environmental bond, the mining claims will be transferred to Puma.
“We are very pleased with this new mutual agreement that provides Puma with more flexibility in achieving our shared objective in finalizing the acquisition of the Murray Brook Property. The delay of the release of the Environmental Bond will let us focus on exploring and developing the Murray Brook Deposit” notes Marcel Robillard, President of Puma.
Except as specifically modified pursuant to the present release, no other changes or modifications to the Asset Purchase Agreement are intended or implied or have otherwise been agreed between the Parties. The present modifications have to be reviewed by the usual regulatory agencies.
Current Exploration Program
The second phase of the 2017 exploration program has begun on prospective new areas on both sides of the Murray Brook Deposit and initially consists of trenching. Puma’s geologists have defined several new high priority targets based on their stratigraphic location, their proximity to the Deposit and along the best geophysical anomalies.
So far, 11 trenches have been completed for a total of 803 meters. Along the Western side of the Murray Brook Deposit, altered black shales units were discovered and contain disseminated sulphides and also small veinlets of sulphide. The mineralized rocks, visually similar to the Murray Brook Deposit footwall sediments, were found over a strong chargeability and gravity anomalies. This trenching program was also aimed at defining several high priority targets that will be tested in the coming drilling program.
Corporate Matter
An insider of the Company has participated in the recent September 15th, 2017 flow through private placement for an amount of $1,000.00 (representing 1% of the total placement). This insider subscribed to the units on the same terms as the other investors. The participation of an insider is exempt of the standard regulatory acceptance as well as of the approval of the shareholders of the Company according to sections 5.5 (a) and 5.7 (a) of the Regulation 61-101 « Regulation 61-101 » concerning the protection of minor shareholders in a special transaction. This exemption is based on the fact that the market value of the placement or the amount paid by each of the total insiders does not represent more than 25% of the market value of the Company.
Qualified Persons and QC/AC
The content of this press release was prepared by Marcel Robillard, P.Geo., President and Dominique Gagné, P.Geo., Vice President Exploration of Puma Exploration, qualified persons as defined by NI 43-101, who supervised the preparation and technical information that forms the basis for this news release. 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. Mr. Robillard and Mr. Gagné are not independent of the Company, as both are officers and shareholders thereof. The samples were prepared, sent, processed at ALS Val D’Or, Québec and ALS Sudbury, Ontario. All samples were assayed by ME-ICP41 method and gold was assayed by AU-AA26 method. QA/QC are monitored by the analysis of blanks, reference material and replicate samples at a frequency of one (1) of each per 30 samples.
About the Murray Brook Project
The Murray Brook Project consists of three (3) distinct contiguous areas that cover more than 18 kilometers of the favorable rocks that host the operating Caribou Mine (Trevali Mining Corp.), the Murray Brook Deposit and the past operating Restigouche Mine (Trevali Mining Corp.). From east to west, the project comprises the Murray Brook East Property (4925), the Murray Brook Mining Lease (# 252) and the Murray Brook West Property (7846) (refer to website).
The Murray Brook East and Murray Brook West Properties have been subject to various degrees of exploration and share the same potential of increasing the mineral resources defined at the Murray Brook Deposit. The Company has defined several future priority targets on these properties.
The Murray Brook deposit has a currently defined measured and indicated mineral resources of 5.28 million tonnes averaging 5.24% zinc, 1.80% lead, 0.46% copper, 68.9 g/t silver and 0.65 g/t gold. The core of the mineral resource occurs in the West Zone which is 200 meters wide, extending from surface to 300 meters vertical and the true thickness of the massive sulphide body varies from 75 meters to 100 meters. The East Zone (Copper-Gold) is 100 meters wide, also extending from surface to 300 vertical meters and is mainly mineralized with gold and copper. On February 20th 2017, a NI 43-101 report was accepted and filed on SEDAR.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets consist of an option to acquire 100% beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project located in New Brunswick as well as an equity interest in BWR Resources, Manitoba. Puma’s objective for the coming year is to focus its exploration efforts in New Brunswick.
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Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma Exploration Inc. to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, except as required by law. Puma Exploration undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.
Puma Exploration Inc.
Marcel Robillard
President
(418) 724-0901
president@explorationpuma.com
www.pumaexploration.com
- Published in Puma Exploration
ATW Tech Launches its Mobile App Quebec Rencontres and Announces a Partnership With Globalia
Momentum Public Relations
Press Release: January 17, 2018
ATW Tech (“AtmanCo” or the “Company”) (TSX-V: ATW) is proud to announce its two steps development plan for its social network platforms such as Québec Rencontres with the signing of a strategic partnership agreement with Globalia inc. (“Globalia”) for the marketing and subscriber’s acquisition strategic development and the launch of Québec Rencontres’ new application available on iOS and Android, adding an important platform to its actual network.
Québec Rencontres is one of the most important French dating sites in America which enjoys a great reputation. ATW Tech is counting on its development to increase the number of users and maximize the use of its proprietary payment platforms and its new Unified Payment Solutions (UPS). Globalia’s leading expertise in digital commerce and e-business is widely recognized with such flagship project as Noovo.ca’s new digital platform and many other achievements that have leveraged their proactive vision in B2C e-commerce and unique revenue generation and monetization approach.
« For our users, our commitment to expand our network by partnering with a specialist such as Globalia and the portability of our product between the web and mobile with our new application, is excellent news that can only further facilitate exchanges between them and increase their chances of meeting. This development plan is part of our consumer development strategy and the strategic application of our current and future technologies and products », said Michel Guay, President and CEO of ATW Tech.
« We are pleased to be associated with one of the pillars of online dating. We believe that our team of strategy experts will be able to bring new ideas to the platform and increase opportunities of meetings for thousands of new users across Quebec », said Jonathan Moquin, President of Globalia.
Additional information regarding the Company is available on SEDAR www.sedar.com. 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 GLOBALIA
Globalia’s mission is to accelerate the achievement of its customers’ goals through its 70 experts in commerce and e-business. In an industry where everything moves and evolves rapidly, the agency is guided by values of innovation to stay above the fray, then empathy by placing the customer at the heart of all its actions. Their promise? Take ownership of your projects as if they were theirs.
ABOUT ATW TECH
ATW Tech (‘AtmanCo’) (TSX-V: ATW) is a leader in information technology, owner of several web platforms including VoxTel, Québec Rencontres, VuduMobile, Atman and Bloomed. VoxTel offers various interactive communication and 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.
SOURCE:
ATW TECH (AtmanCo)
Michel Guay Founder, president and CEO Tel.: 514.935.5959 ext. 301 mguay@atwtech.com www.atwtech.com |
Simon Bédard, CA, CPA, CFA, MBA CFO Tel. : 514.935.5959 ext. 304 sbedard@atmanco.com |
- Published in Atmanco