Upcoming Montreal Event – IIROC’s “Tips for Traders Montreal”
MomentumPR strives to provide you the best tools to tackle Canadian small caps today. In this investing environment, staying ahead of the curve is the only way to increase your portfolio. Need to brush up the latest compliance issues? Come check out Investment Industry Regulatory Organization of Canada (IIROC)’s “Tips for Traders Montreal”! Attending will also provide you with 1.5 hours of IIROC Continuing Education Compliance Credits.
The event will cover a variety of subjects, mostly in English. Some topics include
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electronic Trading Rules
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Overview
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TCC Observations
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Third-Party Electronic Access
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Odd-Lot Order Rulings
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Single-Stock Circuit Breakers
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Marketplace Thresholds
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Debt Reporting Update
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Best Execution
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Identification of Trading Groups
Day? Thursday, November 13, 2014
Time? 4:30-6:00pm
Where? Centre Mont-Royal, “Cartier 1”, 3rd Floor, 2200, rue Mansfield, Montreal
Organigram (TSXV:OGI) Supporting Five-city Cross-Canada Program to Provide Cannabinoid Education
OTTAWA, Nov. 4, 2014 /CNW/ – The Board of Directors of the Canadian Medical Cannabis Industry Association (CMCIA) today announced a partnership with the Canadian Consortium for the Investigation of Cannabinoids (CCIC) to support, through an unrestricted grant, a 5-City Continuing Medical Education (CME) program to be held in February-March 2015.
This educational initiative aims to provide balanced and evidence based cannabinoid education to Canadian healthcare practitioners (physicians and nurse practitioners). The program builds on the portfolio of successful and respected educational sessions led by the CCIC since 2007. The program objectives and contents are developed by a national steering committee and are totally independent from funding sources.
Regulatory changes by Health Canada’s Marihuana for Medical Purposes Regulations (MMPR) that took effect last April made physicians directly responsible for deciding who should legally have access to marijuana for medical purposes.
“As physicians our number one priority is to help patients. It is imperative that physicians have sufficient knowledge about cannabis and cannabinoids in order to engage in informed discussions with patients about the therapeutic use of these drugs” said Dr. Mark Ware, Executive Director of the CCIC. “The CMCIA sponsored education program will build greater awareness of the risks and benefits of cannabinoids among Canadian physicians. We are encouraged to see the industry supporting this important work. We hope this is the beginning of an important partnership between physicians, researchers and the medical cannabis industry” Ware continued.
As the national association representing the majority of licensed producers regulated by Health Canada under the MMPR, the CMCIA is pleased to support unbiased independent research presented directly to physicians by physicians.
“A key area of focus for the CMCIA is to address the identified need for physician education on both the therapeutic risks and benefits of medical marijuana” said Marc Wayne, Chair of CMCIA.
“The time has come to address these gaps head on and work collectively to support members of the medical community so they can provide the best treatment for their patients. I am very pleased to see members of our industry leading this effort and working collaboratively to support these important initiatives. This program will help to reduce the stigma associated with the use of medical cannabis.”
The 5-city tour is expected to travel to Halifax, Montreal, Ottawa, Calgary and Vancouver.
The CMCIA would like to thank the following members who are supporting this important CME Education tour:
ABcann, Agrima, Bedrocan Canada, CannMedica Pharma, MedCannAccess, MedReleaf, Mettrum, OrganiGram, and Tweed.
About the CMCIA
The Canadian Medical Cannabis Industry Association (CMCIA) is Canada’s leading member-driven association for Licensed Producers (LPs) of medical cannabis. We represent the majority of producers currently licensed under the Health Canada’s Marijuana for Medical Purposes Regulations (MMPR), in force as of June 19, 2013.
The CMCIA’s mission is to promote national standards and best practices by supporting the development, growth and integrity of the medical cannabis industry. The association acts as a national voice for our members, and serves as a credible and trusted resource on issues related to medical cannabis industry.
The group shares a philosophy of patient-centered care and improved public health, and is committed to product safety and quality, secure and reliable access for qualified patients, and promotion of the safe and effective use of cannabis for medical purposes.
About the CCIC
The CCIC is a federally registered Canadian nonprofit organization of basic and clinical researchers and health care professionals established to promote evidence-based research and education concerning the endocannabinoid system and therapeutic applications of endocannabinoid and cannabinoid agents.
- Published in Blog
Skin Care and Cosmetics Industries: Asia/Pacific Locked in sight.
The Skin Care Industry is an ever-improving, competitive and very technological environment ruled by well-established giants such as Avon, L’Oreal andProcter & Gamble’s Olay. They are not, however the only players around. There is always room for technology-focused companies to improve existing products and introduce ground-breaking innovations to the market; in fact this is an industry that attracts brilliant minds, as pointed out by Sabine Louët.
Market opportunity? Trend?
The U.S. represents $54.89 Billion in sales, but it is not considered the fastest growing market, or the biggest. Brandon Gaille presents a visual report titled 26 Cosmetic Industry Statistics and Trend, in which Asia/Pacific holds the 1st spot for “Top regions in global beauty sales” while China holds the 2nd spot for “Growing prestige beauty markets.” Gaille also mentions how active the industry is, in 2011 there were 35 strategic acquisitions in the beauty industry, 13 of them from the Skin Care Industry. It is not surprising to see large companies buying their way into these attractive and growing eastern markets. These industries seem to be able to survive even the worst of crisis.
But why have the Skin Care and Cosmetic industries carried on practically unscathed after the latest Global Economic crisis? By 2011 in the U.S., sales on “Total Beauty” products reached $9.5 Billion, a growth of over 11{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} from 2010. This may be the direct cause of the “Emotional Attachment” experienced by the users. In Gaille’s report, it is stated that 82{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of surveyed women believe that wearing make-up boosts their self-confidence, while 86{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of women find that wearing make-up improves their image. This result represent a mentality shared by most consumes, and it is reflected on the numbers: on average, women spend $144 a year on beauty products. In Brazil, consumers spend $240 a year on the same products, while in Britain, a woman will spend around $13,000 on similar products in her lifetime.
But as discussed above, Asia/Pacific has the fastest growing market for these products, and many believe this is only the beginning. Heng Shao is only one of the many analysts to cover the Chinese “Second Generation Rich” phenomena. In an article for Forbes, she gives an example of an average Chinese over-seas student that talks about the ‘new purchasing power’ of their generation. The numbers are considerable. So what other trends should we be monitoring?
Other Trends
TechNavio (a leading technology research and advisory company) analyzed a report from Market and Research’s “Global Skin Care Market 2010 – 2014” and one of the key findings reported was that there is a “Demand for whitening products globally.” This comes to no surprise as this particular trend continues its steady growth in popularity and acceptance throughout the eastern hemisphere. As mentioned by Andrew McDougall, “Skin lightening has long been a trend in Asia and is set to continue to boost the global market in the next five years, according to Global Industry Analysts.” The report also mentions how this specific market alone could reach an estimated value of $19.8 Billion by 2018. This trend is cultural and social, fueled by the idea that lighter skin represents beauty and wealth. The images of western models are synonyms of “beauty,” and this idea encourages young consumers to look for products that can help them achieve the “perfect look.” This trend can be seen no only in China, but in India and other Asian countries as well.
Ecological responsibility seems to be a growing factor in the Chinese/Asian consumer’s mind. A study conducted by Dr. Chan in 2001 revealed that the average Chinese consumer has positive feelings for Eco-friendly products and organization, scoring on average 5.28 in a 1 – 7 point base system (1 being negative and 7 being positive). Their actions however show that they only actively purchase green products when they can, scoring 2.04 on frequency and 1.89 on amount of money spent on these green products. The current situation is likely to change, since environmental issues are becoming a pressing matter in the eyes of both the Chinese government and the world. An article by Beina Xu for the Council on Foreign Relations shows how both the Chinese public and their government have started moving towards more environmentally friendly methods and industries. This is mentality is sure to spread and become a cultural characteristic of not only the Chinese people, but of the world.
- Published in Blog
A Guide to the Canadian Securities Exchange
The Canadian Securities Exchange (CSE) was established in 2003 and is governed by CNSX Markets Incorporated. The CSE obtained stock exchange status in 2004, and was created to provide companies with a resourceful and contemporary alternative to access public capital markets in Canada. Furthermore, the CSE currently provides over 200 different structured IPs, and government bonds and equities, and continues to expand at an exponential rate in order to meet the discerning needs of its investors.
In addition, the CSE launched the first unremitting auction market in September, 2007. It was established for investors and companies who were looking to trade securities that were listed on alternative Canadian stock exchanges. Interestingly, the newly introduced auction market provides many benefits vis-à-vis other stock exchanges; including an inviting fee configuration; a low-latency environment for trading stocks, and a high capacity milieu that allows investors to use proprietary and state-of-the-art trading technologies that maximise ROI. As a result, the Canadian marketplaces’ competiveness on the worldwide marketing spectrum has risen exponentially. Moreover, it is important to note that CSE listed stocks and symbols on alternative Canadian exchanges have now been conglomerated since “Project One” was completed on December 2, 2013.
In sum, the CSE provides many benefits when compared to other stock exchanges. In addition to being an approved market maker system that boasts streamlined regulation and cost effective measures, the CSE is also a centralized auction marketplace than ensures augmented disclosure. For instance, if we were to compare the initial listing fees of the CSE to the TSX or TSX-V, one would notice that the fees incurred via the CSE are significantly lower than those of the aforementioned stock exchanges (e.g., $12,500 versus $40, 750 & $30,000). Arguably just as important, if not more so, is that the CSE does not use a transaction based modus operandi. In other words, the CSE charges a flat monthly fee of only $500, allowing investors to perform an unlimited amount of transactions at their discretion. In fact, investors can expect to spend only $18,000 worth of annual fees for listing on the CSE during the first year, followed by only $6,000 in annual fees in perpetuity afterwards. Interestingly, if one were to tabulate the initial, sustaining, and additional listing fees of the TSX-V-, TSX, and CSE, the clear advantage that the CSE provides becomes increasingly evident (e.g., $51,000/$58,950/$18,500). That is, CSE total fees are 65{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} lower than those of the TSX and 69{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} lower than the fees incurred by the TSX Venture. Ergo, the CSE is the quintessential choice for innovative companies that are looking to go public in Canada.
For more detailed information on the CSE please visit their official website.
Written by: Prakash Mylvaganam
- Published in Blog
$60 Trillion in U.S. Debt Bullish For Gold?
Phoenix Gold Drills Next to Newmont Gold Mine –
U.S. government debt has surged $1 trillion in the last 12 months, which combined with U.S. business and personal debt, has now reached a mind-boggling $60 trillion – 25 times the total debt that existed when the U.S. uncoupled from the gold standard in 1971.
If rampant money printing leads to the…
Phoenix Gold Drills Next to Newmont Gold Mine –
U.S. government debt has surged $1 trillion in the last 12 months, which combined with U.S. business and personal debt, has now reached a mind-boggling $60 trillion – 25 times the total debt that existed when the U.S. uncoupled from the gold standard in 1971.
If rampant money printing leads to the global devaluation of paper currency there will be a frenzied flight to gold benefiting junior explorers like Phoenix Gold(PXA-TSX.V) currently drilling on its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Plumas Property, an outcropping gold-silver mineralized system that has seen limited underground historical mining, and is now being drill tested for the first time.
The Plumas Property is located adjacent to Newmont’s (NEM-NYSE) Phoenix-Fortitude Gold/Copper Mine in Nevada’s Battle Mountain District.
On September 17, 2014 PXA released drill results from the first 3 drill holes confirming veined and disseminated sulphides which, along with the coincident magnetic anomaly, suggests the potential for a significant mineralized sulphide system at depth.
The first drill hole (CPL-1) located at the southernmost end of a large area of a significant mineralized system intersected numerous gold zones with 0.25 g/t gold over 45.5 feet including 9.44 g/t gold and 116.8 g/t silver over 0.9 feet.
The second drill hole (CPL-4), located 200 feet north of CPL-1, intersected numerous gold zones, including 0.85g/t gold over 9 feet and 0.41 g/t gold over 34.5 feet with 3.37 g/t gold over 1.5 feet, and 0.35 g/t gold over 46.0 feet with 2.44 g/t gold over 1.5 feet.
The third hole (CPL-7), located about 200 feet north of CPL-4, provided assays for about two-thirds of the hole with additional assays pending. The results received so far for CPL-7 intersected numerous gold zones including 2.21 g/t gold and 16.8 g/t silver over 2.5 feet, 2.68 g/t gold over 4 feet and 15.85 g/t gold and 938 g/t silver over 2.0 feet.
“The market is looking for high grade intercepts,” stated PXA CEO, Glenn Laing, in an exclusive interview with Financial Press, “But when you start drilling into a big system, it’s impossible to figure out what you have with just 3 holes. We have just begun to explore a large mineralized system on the Plumas property.”
Based on the assay results and geology and structural analysis, PXA believes that the size of the known mineralized sulphide system is increasing. The PXA geological team is confident of a relationship between sulphide mineralization in the drill holes and the magnetic anomaly.
“I am convinced this is a large unexplored system which we just starting to understand,” stated Laing, “The composition of the sulfides we are finding is indicative of a very large mineralised deposit. Obviously with a large complex system, it takes multiple holes to get a clear picture.”
Further drill results are pending. Hole CPL-7 has been completed by a further 298 feet to a depth of 937 feet; hole CPL-8 has been completed to a depth of 988 feet; hole CPL-10 is complete to a depth of 497 feet and CPL-9 is targeting the Plumas fault system and is planned for 800-900 feet to further test the extent of the sulphide related system.
“You got a lot of day traders who don’t trade on fundamentals,” confirms Laing, “Typically they get panicked when the first grade is not spectacular, which creates a buying opportunity investors who understand how precious metal projects are developed.”
Laing’s geological team believes that the magnetic signature is a significant indicator. The company will continue drilling into the system to expand it. The first three holes did not go deep and PXA plans to explore the deeper mineralized zones.
On August 28, 2014 PXA closed $374,500 of the planned $750,000 Private Placement. The company expects to complete the balance of the private placement by approximately the end of September 2014. Proceeds will be used for the current drill program and associated exploration and development expenses.
Gold mining in Nevada is one of the largest sources of gold in the world, with total historical gold production from Nevada (1835 – 2013) of over 153 million ounces.
“What is happening with the Plumas project is not wildly different from the early development of the Newmont’s Phoenix-Fortitude Gold/Copper Mine,” stated Laing, “They started with a high grade zone – but the long term value was in the lower grade mineralization at depth.”
PXA is currently trading at .045 with a market cap of $1.6 million.
Legal Disclaimer/Disclosure: A fee has been paid for the production and distribution of this Report. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this article should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. Financial Press makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the authors only and are subject to change without notice. Financial Press assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this article and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this article.
Also, please note that republishing of this article in its entirety is permitted as long as attribution and a back link to FinancialPress.com are provided. Thank you.
Read more http://financialpress.com/2014/09/24/60-trillion-in-u-s-debt-bullish-for-gold/
- Published in Mining
New Technological Survey Exposes Massive Copper Deposit
Carmax Mining Develops Copper Resource in British Columbia –
As the copper markets perk up, risk-averse investors are looking to junior explorers with low political risk, good geology and strong management teams.
Global X Copper Miners ETF (COPX-NYSE) is up 8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} in 2014. Commodity analysts are anticipating a second round of stimulus from China, which…
Carmax Mining Develops Copper Resource in British Columbia –
As the copper markets perk up, risk-averse investors are looking to junior explorers with low political risk, good geology and strong management teams.
Global X Copper Miners ETF (COPX-NYSE) is up 8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} in 2014. Commodity analysts are anticipating a second round of stimulus from China, which is responsible for 40{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of global demand. Factory activity is also expanding in the U.S., the world’s second-largest consumer of copper.
When the larger companies are on the move, investors are looking for high-risk/high-reward investments such as Carmax Mining Corp(CXM-TSX.V).
Using an advanced sub-surface imaging technology called Quantec Titan 24, Carmax has outlined a large positive chargeability anomaly which appears to be mineralized over a 4,50O meter long zone.
CXM 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owns the Eaglehead copper-molybdenum-gold-silver project located 48 km east of Dease Lake in northwest British Columbia, covering a total area of approximately 11,410 hectares in the Liard Mining Division. The property hosts porphyry style copper-molybdenum-gold-silver mineralization.
“We took control of Carmax and the Eaglehead project in 2011,” stated Jevin Werbes, CEO of Carmax in an exclusive interview with Financial Press, “By that point there had been over 94 holes drilled on the project. That season we drilled about 25 new holes and this season we are drilling and re-logging millions of dollars of historical core all of which will help us build a new resource calculation.”
The Eaglehead property hosts an NI 43-101 Inferred Mineral Resource estimated to total 103.0 million tonnes at an average grade of 0.29{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} copper, 0.010{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} molybdenum and 0.08 g/t gold. The resource was estimated at a cut-off grade of 0.16{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} copper equivalent, to contain approximately 662 million pounds copper, 22 million pounds molybdenum, and 265,000 ounces gold. The mineralization also contains significant silver concentration which has not been included in the resource estimate due to historical data issues.
The 43-101 Inferred Mineral Resource at Eaglehead is contained within two conceptual open pits covering the East and Bornite zones. Leaving four other mineralized zones which were not included at that time.
“Pretty much every hole has hit mineralization,” stated Werbes, “but we’re still trying to understand exactly how the deposit is laid out, the Titan-24 survey has helped us immensely with that.”
In May 2014, subsidiary of Copper Fox Metals Inc. (Northern Fox Minerals Inc.) made a strategic investment by purchasing 20 million units of Carmax, giving them 42{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} ownership of Carmax.
The President of Copper Fox is Elmer B. Stewart; MSc., P. Geo. who has over 38 years of domestic and international experience in mining and mineral exploration. Mr. Stewart has been involved in putting five gold mines into production.
“Northern Fox’s strategic investment in Carmax is an important milestone for us,” stated Werbes, “We are adding a veteran technical team who has a great deal of experience developing large poly-metallic porphyry projects in this particular region. We are using Copper Fox’s Schaft Creek blueprint with the Titan-24 survey. They’ve put a million dollars into Carmax which we are using on the current exploration program and we’re adding at least another $250,000.”
On September 2, 2014 Carmax announced the results for the recently completed Quantec Titan-24 DCIP subsurface imaging survey at Eaglehead. The Titan 24 survey is State of the Art geophysical tool which gives detailed information on the presence of sulphide mineralization, alteration, structure and lithology leading to more cost-effective drill targeting up to depths of 750 meters.
“Everywhere that Carmax and the predecessors have drilled, we’ve hit copper,” stated Werbes, “The correlation between the Titan-24 survey and drill results have opened our eyes as to the potential size of the Eaglehead. It was money well spent, because the cost of all the geophysical surveys was about the same as three drill holes, and this gives us confidence drilling into deeper zones.”
The Titan-24 DCIP system has a successful track record locating porphyry copper sulphide mineralization. The Eaglehead survey was completed on 10 lines spaced at 600 meters apart.
Four of the six zones of mineralization located to date on the Eaglehead property occur within this 4,500m long portion of the anomaly suggesting that these zones are parts of a much larger, contiguous zone of mineralization.
“The second chargeability anomaly is significantly different,” stated Werbes, “and has not been tested by drilling. Both anomalies are open along strike.”
The majority of the historical drill holes completed along the 4,500 meter strike length of the first chargeability anomaly where sampled are mineralized.
“We are going to drill four holes about 500 meters deep,” stated Werbes, “Our goal is to expand the size and understanding of the deposit and add tonnage to our resource estimate, not just copper but for molybdenum, gold and silver as well. There’s a six kilometer strike zone that we’ve identified, and we’ve confirmed 4,500 meters of it.”
The first chargeability signature has been tested with over 119 historical and current diamond drill holes. The majority of these holes, based on historical assays where sampled, are reported to contain significant copper mineralization.
Carmax is currently trading at $0.10 with a market cap of $5.5 million.
Legal Disclaimer/Disclosure: A fee has been paid for the production and distribution of this Report. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this article should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. Financial Press makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the authors only and are subject to change without notice. Financial Press assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this article and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this article.
Also, please note that republishing of this article in its entirety is permitted as long as attribution and a back link to FinancialPress.com are provided. Thank you.
Read more http://financialpress.com/2014/09/10/new-technological-survey-exposes-massive-copper-deposit/
- Published in Mining
Van Sun urges caution on Vodis, other pot stocks
See In the News (C-VP) Vodis Pharmaceuticals Inc
The Vancouver Sun reports in its Wednesday edition reefer madness is a reasonable description of the frenzy sparked by Canada’s decision to replace 30,000 small medical marijuana producers by licensing a few big ones. The Sun’s Daphne Bramham writes eventually, the market could be worth as much as $3-billion. There has been so much hype that in June, the B.C. Securities Commission urged people to be “cautious” about investing in medical marijuana companies, most of which have yet to receive Health Canada approval. Health Canada confirms only 22 applications have been approved so far, and only three of those are publicly traded. The rest are trading on the imprimatur of big names and the hopes and dreams of all the money to be made. The licensed OrganiGram trades above $2, while the unlicensed Vodis Innovative Pharmaceuticals trades at 40 cents. Vodis recently added sitting Liberal Senator Larry Campbell to its advisory board. He is being paid in stock options — 250,000 at 40 cents. Also on the board is John Reynolds, a Conservative bagman, former speaker of the B.C. legislature, former MP and former Howe Street stock promoter. Muileboom Organics boasts former prime minister John Turner on its board.
- Published in Blog