IIROC Trade Resumption – AMA
Canada NewsWire
TORONTO, Oct. 15, 2015
TORONTO, Oct. 15, 2015 /CNW/ – Trading resumes in:
Company: Amana Copper Ltd.
CSE Symbol: AMA
Resumption (ET): Open
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions
IIROC Inquiries 1-877-442-4322 (Option 2) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.Copyright CNW Group 2015
- Published in International Wastewater Systems
Amana and IWS Provide Corporate Update
TORONTO, ONTARIO–(Marketwired – Oct. 15, 2015) – Amana Copper Ltd. (“Amana” or the “Company“) (CSE:AMA) is pleased to provide shareholders with a corporate update from International Wastewater Systems (“IWS”). Amana and IWS are nearing completion of a transaction whereby Amana will acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of IWS (“Transaction”).
IWS has continued to ramp sales during the third quarter of 2015 with significant growth in its pipeline of projects in new and existing markets worldwide. Robust demand for IWS’s proven wastewater heat recovery systems is further supported by recent funding commitments from leading institutional green energy investors in Europe, and a public utility project in the USA. Recent highlights from IWS include:
£4 million investment from Equitix and the UK Green Investment Bank plc (GIB)
IWS’s UK-based subsidiary (SHARC Energy Systems) has secured a £4 million (approx. CDN $8 million) investment from Equitix and the UK Green Investment Bank plc (GIB) to finance the installation of IWS’s proprietary SHARC sewage heat recovery system under Heat Purchase Agreements. The investment is being led by Energy Saving Investments (ESI), an Equitix-managed fund in which GIB is a cornerstone investor. ESI is investing £2m (approx. CDN $4 million) in the program and an additional £2m of private sector capital is committed from the Equitix Energy Efficiency Fund (EEEF).
Equitix-funded Installation at Borders College, Scotland
The £4 million (approx. CDN $8 million) commitment from Equitix and GIB has already been drawn down to support the first project under this facility. The inaugural project, a SHARC installation at Borders College, located in the south east of Scotland and with 5,500 students, also represents the first European installation for IWS. Borders College has entered into a Heat Purchase Agreement and will purchase the heat generated from IWS at a discount to natural gas prices over a 20 year period. The system that has been designed for the College will deliver 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the College’s heat requirements.
New IWS installation in the United States
IWS has received a purchase order for the installation of a SHARC wastewater heat recovery system in Camden County, New Jersey, USA. The order is expected to ship in December 2015. The SHARC will produce 1.3 M BTU/hour that will heat the building by extracting energy from inflowing sewage. This is IWS’s second installation at a wastewater treatment plant, highlighting the adoption of IWS’s technology by municipalities and governments.
New IWS installations in Canada
SHARC systems will be installed at two, newly built luxury Canadian condominium projects in late 2015 and early 2016.
Wall Centre Central Park in Vancouver, BC was designed by GBL Architects and Sterling Cooper Consultants to meet LEED ® Gold standards. The SHARC system will assist with building hot water production. Phase 1 consists of two towers, 33 and 36 stories and townhomes. www.wallcentrecentralpark.com
Empire at QE Park in Vancouver, BC is a prestigious residential community on Vancouver’s west side and has attained LEED ® Gold certification. The building consists of 160 units. IWS’s wastewater heat recovery system will be used as the first stage heating source for space and water heating in the building, with a nominal heating capacity of 300,000 BTU/hour. www.empireqe.com
Amana will continue to update shareholders on IWS business activities and completion of the Transaction between Amana and IWS.
ON BEHALF OF THE BOARD
Yaron Conforti, Chief Executive Officer and Director
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that Amana Copper Ltd. (the “Company”) expects to occur, are forward-looking statements. 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 that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Amana Copper Ltd.
Yaron Conforti
CEO
(416) 716-8181
- Published in International Wastewater Systems
Amana & IWS Provide Corporate Update
Amana & International Wastewater Systems Provide Corporate Update
Amana Copper Ltd. is providing shareholders with a corporate update from International Wastewater Systems (IWS). Amana and IWS are nearing completion of a transaction whereby Amana will acquire 100 per cent of IWS.
IWS has continued to ramp sales during the third quarter of 2015 with significant growth in its pipeline of projects in new and existing markets worldwide. Robust demand for IWS’s proven wastewater heat recovery systems is further supported by recent funding commitments from leading institutional green energy investors in Europe and a public utility project in the United States. Recent highlights from IWS include:
GBP 4 million investment from Equitix and the UK Green Investment Bank plc (GIB)
IWS’s UK-based subsidiary (SHARC Energy Systems) has secured a GBP 4 million (approx. CDN $8 million) investment from Equitix and the UK Green Investment Bank plc (GIB) to finance the installation of IWS’s proprietary SHARC sewage heat recovery system under Heat Purchase Agreements. The investment is being led by Energy Saving Investments (ESI), an Equitix-managed fund in which GIB is a cornerstone investor. ESI is investing GBP 2m (approx. CDN $4 million) in the program and an additional GBP 2m of private sector capital is committed from the Equitix Energy Efficiency Fund (EEEF).
Equitix-funded Installation at Borders College, Scotland
The GBP 4 million (approx. CDN $8 million) commitment from Equitix and GIB has already been drawn down to support the first project under this facility. The inaugural project, a SHARC installation at Borders College, located in the south east of Scotland and with 5,500 students, also represents the first European installation for IWS. Borders College has entered into a Heat Purchase Agreement and will purchase the heat generated from IWS at a discount to natural gas prices over a 20 year period. The system that has been designed for the College will deliver 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the College’s heat requirements.
New IWS installation in the United States
IWS has received a purchase order for the installation of a SHARC wastewater heat recovery system in Camden County, New Jersey, USA. The order is expected to ship in December 2015. The SHARC will produce 1.3 M BTU/hour that will heat the building by extracting energy from inflowing sewage. This is IWS’s second installation at a wastewater treatment plant, highlighting the adoption of IWS’s technology by municipalities and governments.
New IWS installations in Canada
SHARC systems will be installed at two, newly built luxury Canadian condominium projects in late 2015 and early 2016.
Wall Centre Central Park in Vancouver, BC was designed by GBL Architects and Sterling Cooper Consultants to meet LEED trademark Gold standards. The SHARC system will assist with building hot water production. Phase 1 consists of two towers, 33 and 36 stories and townhomes. www.wallcentrecentralpark.com
Empire at QE Park in Vancouver, BC is a prestigious residential community on Vancouver’s west side and has attained LEED trademark Gold certification. The building consists of 160 units. IWS’s wastewater heat recovery system will be used as the first stage heating source for space and water heating in the building, with a nominal heating capacity of 300,000 BTU/hour. www.empireqe.com
Amana will continue to update shareholders on IWS business activities and completion of the Transaction between Amana and IWS.
We seek Safe Harbor.
Dealnet Appoints Seasoned Financial Executive as Chief Financial Officer
TORONTO, ONTARIO–(Marketwired – Oct. 15, 2015) – Dealnet Capital Corp. (“Dealnet” or the “Company”) (TSX VENTURE:DLS), is pleased to announce that Paul Leonard has been appointed Chief Financial Officer, effective today.
Mr. Leonard brings with him an extensive background in the financial services industry with a deep understanding of consumer lending. Most recently, Mr. Leonard was Chief Financial Officer of CFF Bank, a Canadian schedule 1 bank that had approximately $245 million in assets and over $1.5 billion in loans under administration. Prior, Mr. Leonard was the Chief Financial Officer of Ally Credit Canada which offered savings products, retail and wholesale auto loans and residential mortgages through both direct and indirect channels. Ally had over $13 billion in assets before being acquired by Royal Bank of Canada. In addition, he was founding Chief Financial Officer of ING DIRECT, an innovator in offering direct to consumer savings and lending products.
Mr. Leonard is a Chartered Accountant and CPA. He holds a Bachelors of Commerce degree from the University of Toronto.
“The addition of Paul significantly strengthens our senior management team. With our focus on responsible lending growth, Paul’s expertise will be invaluable to us as we transform the Canadian consumer lending space,” stated Michael Hilmer, Chief Executive Officer.
Dealnet’s former Chief Financial Officer, Ashish Kapoor has resigned. The Company would like to thank him for his contributions and wishes him well in his future endeavours.
About Dealnet Capital Corp.
Dealnet is an engagement enabled consumer finance company that is initially focused on home improvement finance solutions including heating ventilation and air conditioning financing and leasing. Dealnet leverages its large scale customer service and engagement technology platform to attract home improvement dealers by providing front and back office services to them resulting in dealer origination growth.
For additional information please visit www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
- Published in Dealnet News
Amana Receives Approval For IWS Acquisition & to Resume Trading at Open
Amana (AMA:CSE) Receives CSE Approval For Acquisition of IWS & to Resume Trading at Open
Amana Copper Ltd.’s proposed acquisition of International Wastewater Systems Inc. has been conditionally approved by the Canadian Securities Exchange, subject to receipt of final documentation.
Additional information concerning the transaction is provided in the company’s news release dated Sept. 9, 2015, and in the company’s CSE listing statement, which has been filed and is available under the company’s SEDAR profile.
The completion of the transaction remains subject to the satisfaction of all conditions of closing, including final approval of the CSE and the approval of Amana’s shareholders. It is expected that the company will obtain shareholder approval of the transaction by way of a shareholder consent resolution.
International Wastewater Systems Inc.
http://www.sewageheatrecovery.com/
International Wastewater Systems is on the leading edge of wastewater heat recovery technology. The following story by Rowan Oloman provides a quick glimpse into the vast potential of their unique approach to renewable energy.
Turning Wastewater Into Energy: Clean Tech’s Best Kept Secret
Every day the average North American household flushes one full tank of hot water down the drain. In a city of 1 million homes, that is equivalent to approximately $500,000 in energy from natural gas casually flowing into our city sewers daily. Running underneath our homes and buildings there is an untapped energy goldmine.
Globally, it has been acknowledged that in regards to climate change mitigation energy efficiency is the lowest hanging fruit. China recently announced they will spend a whopping US$372 billion in energy conservation and the US plans to invest US$155 billion in energy efficiency projects.
Yet by and large North America continues to ignore the single most cost-effective and most profitable form of energy efficiency, which is to recycle the energy that we’re already wasting.
The simple fact is water enters our buildings at 7-9 degrees Celsius and leaves at 20-25 degrees Celsius. If captured, this wasted heat could be used to fulfill 40-50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of our buildings energy requirements.
Sometimes innovation is not about a quantum shift in thinking or spending millions in research it’s about re-inventing how we use the technologies already available. Lynn Mueller and his colleagues at International Wastewater Heat Exchange, all with long-time careers in the geothermal heat pump and renewable energy industries, saw the opportunity in wastewater heat recovery.
The company created the SHARC system, an innovation which filters raw sewage and extracts the heat in an easy, maintenance-free way using geothermal heat pumps and chillers. While sewage may not be as attractive as solar or wind power, with a 3-5 year payback period, the SHARC system is likely the most cost-effective renewable energy system currently available.
“We’re operating at 600 percent efficiency,” Mueller says. “So every dollar we spend recovering the heat out of the sewer we get $6 worth of heat out.” Mueller is speaking about his latest successful installation at Seven35 Condominiums complex, in Vancouver Canada.
The SHARC system has reduced Seven35’s annual greenhouse gas emissions by 150 tonnes (averages are between 30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}-85{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} reduction), is recovering 80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the buildings wasted energy and has contributed to earning the condominium the first dual ‘green’ certification in Canada – LEED Platinum and Built Green Gold. It’s also the first time the technology has been used at a residential building in North America.
For residents the equation is simple, now they are recycling the same energy over and over again, instead of paying for the natural gas to re-heat their tanks daily.
Reliable, trouble free operation is the major challenge in recovering heat from waste water. The SHARC system has been designed to be clog-proof with an automatic back flush to filter sewage simply and effectively. It has full backup capacity with zero down time and is available in heat exchange or heat pump applications.
Added benefits of the SHARC system include full automation with a DDC or BACnet interface and a wireless or Ethernet connection for data retrieval and instantaneous calculation of COP and GHG savings. The system comes with a factory maintenance and warranty service and can be incorporated immediately into existing mechanical infrastructure.
Mueller, who was previously President of WaterFurnace and Earth Source Energy – the world’s largest installer of heat pumps, is humble about his company’s innovation. “We are a new company simply revolutionizing old technology,” says Mueller. “We saw a way to provide energy easily, cheaply and in a way that is ecologically sound.”
International Wastewater Heat Exchange has opened marketing and distribution channels across Canada and in forty US States. The applications for the SHARC system are multitudinous, from condominiums, to public facilities like sports and aquatic centers, to industrial complexes and district energy systems.
In a world where municipalities are progressively being held responsible for efficiently decreasing their own greenhouse gas emissions, systems like the SHARC will become more and more attractive. The biggest challenge however will be re-framing the way people view waste.
Despite the widespread use of waste-to-energy (WTE) projects in European countries, where innovative projects are supported because space for waste disposal is scarce, in North America waste to energy projects are in still in their infancy. In Germany the majority of waste is recycled, composted or processed by biological or thermal method which is likely why Mueller has already received calls from German companies interested in the technology.
The Collins English Dictionary describes the saying ‘money down the drain’ as money ‘wasted’. The SHARC system turns this old adage on its head.
Rowan Oloman is a freelance writer living in Vancouver Canada. She has written for various greentech communications over the past 4 years, has an MBA in Sustainable Energy and a Master’s Degree in Natural Resource Management. Rowan is currently working for Radiant Carbon, a unique carbon offset provider.
Affinor Growers Receives Purchase Order from Major Grower and Distributor to install State of the Art Vertical Growing System in Michigan USA
Vancouver (Canada), October 8, 2015 – Affinor Growers (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) (“Affinor” or the “Corporation), a diversified agriculture and biotechnology company with proprietary vertical farming systems, announces that they have signed the first purchase order to install a vertical tower into Michigan, USA. This equipment purchase is a test to make sure the mechanically pollinated Strawberry yields and production is in line with the needs of the market, profitability and quality.
Nick BrusatoreVP Technology commented that “I am very happy this equipment is being installed into Michigan USA and we look forward to the results and potential expansion through 2016. We are excited to be involved in the new wave of berry production to assist with this problematic crop in the industry.”
About Affinor Growers Inc.
Affinor Growers is a diversified publicly traded company on the Canadian Securities Exchange under the symbol (“AFI”). Affinor is focused on growing high quality crops such as romaine lettuce, spinach, strawberries. Affinor is committed to becoming a pre-eminent grower, using exclusive vertical farming techniques.
On Behalf of the Board of Directors
AFFINOR GROWERS INC.
“Jarrett Malnarick”
President & CEO
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING INFORMATION
This News Release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This News Release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
- Published in Affinor Growers
Equitas Resources Corp. Closes First Tranche of Non-Brokered Private Placement
October 6, 2015 – Equitas Resources Corp. (TSXv: EQT) (FSE: T6UN) (“Equitas” or the “Company”) is pleased to announce it has closed a first tranche of the private placement that was previously announced on September 9, 2015. The Company has issued 8,411,393 Units at $0.125 per Unit for gross proceeds of $1,051,424.
Each Unit consists of one common share and one share purchase warrant. Every share purchase warrant entitles the holder to purchase one common share at a price of $0.25 for 12 months after the closing.
All securities hereunder are subject to a four month and a day hold from the closing date.
Finders fees paid in conjunction with this closing were $5,500.00 cash and the issuance of 44,000 share purchase warrants exercisable for 12 months from closing at $0.25 per share.
The proceeds received from the Units will be used by the Company for ongoing exploration of the Company’s Garland Nickel Project, corporate development and general and administrative purposes.
On Behalf of the Board of Directors,
EQUITAS RESOURCES CORP.
“Kyler Hardy”
Kyler Hardy
President
Tel: 604.681.1568
info@equitasresources.com
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.
It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertaintiesinclude economic, competitive, governmental, environmental and technological factors that may affect the Company’s operations, markets, products and prices. Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our properties; that we may not complete environmental programs in a timely manner or at all; that market prices for nickel may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties.
Readers should refer to the risk disclosures outlined in the Company’s Management Discussion & Analysis of its audited financial statements filed with the British Columbia Securities Commission.
- Published in Equitas Resources
Inmed (IN:CSE) CEO’s Letter to Shareholders & Corporate Presentation
Letter from President and CEO
Dear Shareholder,
As the new President and CEO at InMed, I’m reaching out to you to provide you with my impressions after my first 3 weeks at the company, and to give you some insight into what I see as the operational priorities for InMed moving forward.
As I have become more familiar with the rationale and science behind InMed’s technology I have had two key observations: I was impressed with the level of detail and science behind the process of identifying new potential candidates, and I was struck by the number of potential opportunities that were available to InMed within the cannabinoid space.
I believe InMed’s process of drug discovery is quite sophisticated, and much more advanced than what is being used by most companies developing natural products, and in particular compared to other pharma companies developing cannabinoids. This is promising as this means that our products have been rationally targeted and designed and therefore should be both effective and potent. The potential number of indications in which InMed could be active is numerous. Cannabinoids have been shown to play a role in a number of human physiological systems, and the potential to mediate a therapeutic effect has been observed in multiples therapeutic areas including infectious diseases, metabolic diseases, respiratory diseases, ocular diseases, oncology and dermatology. The breadth of indications available with our technology presents a wealth of opportunity for InMed, however initially, to utilize our resources effectively, we will focus our development portfolio on two indications, epidermolysis bullosa (EB) and glaucoma.
Epidermolyis bullosa is an orphan disease mostly commonly seen in children and characterized by patients with very fragile skin. Even a slight brushing against a patient’s skin can cause severe blistering and redness, and many of these children spend most of their life in bandages. Currently the only treatment option for patients with EB is the same as that for the treatment of burns. We believe there is a significant opportunity for a new product that has been developed specifically for EB. INM-750 was designed specifically to address both the underlying cause of EB, and to treat the most commons symptoms. We intend to start clinical trials with INM-750 in EB in 2016.
Glaucoma is an eye disease that is one of the leading causes of blindness in the developing world. It is generally caused by high blood pressure in the eye (high intraocular pressure or IOP) which puts pressure on the optic nerve resulting in blindness. Currently, all the approved medications for glaucoma work by lowering IOP. Physicians are seeking novel medications that have a different mechanism of action to treat those patients that don’t respond well to current medications. InMed is developing INM-085 which has been designed not only to provide a new mechanism to lower IOP but also to provide a neuroprotective effect to the optic nerve. Glaucoma is a significant opportunity which currently represents a $5.6 B market globally. We plan to initiate our clinical trials in glaucoma in late 2016
I am quite excited about the science and technology at InMed and about the potential for our development candidates INM-750 and INM-085 to provide a meaningful contribution to patients. I have enclosed for you a copy of our revised company presentation that outlines our strategy for moving forward. This will provide you with much more detail about out platform, and the potential of our products.
http://www.inmedpharma.com/i/pdf/presentations/InMed-Presentation-Oct2015.pdf
Best regards,
Paul Brennan,
President & CEO
- Published in Blog, Business, Life Sciences, Medical Marijuana
Affinor Growers announces senior management changes
Vancouver (Canada), October 2, 2015 – Affinor Growers (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) (“Affinor” or the “Corporation), a diversified agriculture and biotechnology company with proprietary vertical farming systems, announces that the Board of Directors have appointed Mr. Jarrett Malnarick as interim CEO and Mr. Mark T Brown as CFO. The management changes reflect the plans for the company’s next phases of growth. Mr. Sebastien Plouffe and Mr. Hugh Bowman have both resigned from their positions as of today. Mr. Pierre C Miron, the former CFO has also resigned as CFO and Director and Affinor has concluded a termination agreement with him.
The board would like to thank Mr. Plouffe, Bowman and Miron for their guidance, leadership and input during the early days of Affinor’s development. Mr. Sebastien Plouffe, former President and CEO, comments: “I became Affinor’s CEO in 2013 and since then I grew the company and helped significantly to build and do something good for the shareholders. For personal reasons, it’s time for me to leave. I believe in the success of the Company and the changes in the management are positive. I will continue to support the Company and I wish all the best to Affinor.”
Mr. Jarrett Malnarick has been appointed as the interim CEO. He has been Affinor’s COO for the past year and a half and is knowledgeable about the technology and company direction. Mr. Malnarick is known for his hands on approach and has over 15 years of experience in product development, retail logistics, operational systems development, effective team building and regulatory compliance. Mr. Malnarick has held a number of executive positions and has earned a Bachelor of Science from the University of Victoria.
Mr. Malnarick, Affinor’s new interim CEO, comments: “I am honored to have been selected for the interim CEO and feel a strong sense of commitment to Affinor, the directors and investors. I am excited to work with the board and staff to deliver on the priorities set for Affinor.”
Mr. Mark T. Brown B. Comm. CPA, CA, is the President of Pacific Opportunity Capital Ltd., in Vancouver B.C. Mr. Brown has assisted in the successful establishment of several private and public companies. In the public company sector, Mr. Brown has played key roles in the success of several companies which his team at Pacific Opportunity has listed the TSXV, the TSX and the NYSE Mkt Exchanges. His corporate focus is merger and acquisition transactions, financing, strategic corporate planning, and corporate development. One of the companies founded by the team at Pacific Opportunity was built into a plus $500 million market capitalization entity and they have had many smaller success over the past 20 years.
Prior to joining Pacific Opportunity, Mr. Brown managed the financial departments of two TSE 300 companies, Miramar Mining Corp. and Eldorado Gold Ltd. Mr. Brown has a Bachelor of Commerce from the University of British Columbia and qualified as a Chartered Accountant in 1993, while working with PricewaterhouseCoopers in Vancouver. Mr. Brown’s family history includes having run large greenhouse operations near Vancouver for many years as Brown Brothers Florists and he looks forward to working with the team at Affinor in working to modernize these processes.
The main reasons ofthose changes are to improve efficiency of the Corporation and to reduce the burn rate. In that sense, the Corporation is also moving the office to Vancouver. The Quebec development project is still a priority and when the full financing will be in place, a special team will be hired specifically for the project. Regarding this project, negotiations are continuing in order to finance it with the right strategic partners in the industry. Affinor is also focusing on technology licensing opportunities, selling the equipment to strategic partners mainly in the food industry to demonstrate the quality of the products and the economic viability of the model.
The Corporation has also agreed to settle a total of $78,207 of debt relating to consulting fees and service fees to certain arm’s-length and non-arm’s-length parties by issuing an aggregate of 1,303,450 common shares of Affinor at a deemed price of six cents per share. Further, the Corporation has granted, in compliance with their option plan, hundred thousand incentive stock options to a consultant. Each option is exercisable into a common share of Affinor at ten cents per common share for a period of two years.
About Affinor Growers Inc.
Affinor Growers is a diversified publicly traded company on the Canadian Securities Exchange under the symbol (“AFI”). Affinor is focused on growing high quality crops such as romaine lettuce, spinach, strawberries. Affinor is committed to becoming a pre-eminent grower, using exclusive vertical farming techniques.
On Behalf of the Board of Directors
AFFINOR GROWERS INC.
“Jarrett Malnarick”
President & CEO
(604) 837-8688
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
FORWARD LOOKING INFORMATION
This News Release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This News Release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
- Published in Affinor Growers
Amana (AMA:C) Congratulates IWS CEO on Canada Clean50 Award
Lynn Mueller, Founder and CEO of International Wastewater Systems Receives ‘Clean50’ Award
Amana Copper Ltd. (“Amana” or the “Company“) (CSE:AMA) would like to congratulate Mr. Lynn Mueller, Founder and CEO of International Wastewater Systems (“IWS”) on being recognized with a Canada Clean50 award (“Clean50”).
Canada’s Clean50 is an annual award offering recognition to Canada’s leaders in sustainability for their contributions over the prior two years. The Clean50 are selected from 16 diverse categories that transcend numerous industries, academia, different levels of government, thought leaders and advocates, and are based on accomplishments delivered over the prior two years.
Mr. Mueller was one of two recipients in the ‘Renewable Energy Generation’ category and received the award at the Clean50 Summit held in Toronto on September 23rd, 2015.
Mr. Mueller’s vision for green energy innovation has established IWS as a world leader in wastewater heat recovery systems. IWS technology provides simple and direct heat exchange from untreated waste water, resulting in the most energy-saving, cost-effective and environmentally friendly solutions for heating, cooling and hot water for any building, residential, commercial or industrial. IWS systems are currently being deployed worldwide for public and private sector clients.
Amana and IWS have signed a definitive agreement (see press release dated September 9th, 2015) pursuant to which Amana will acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the issued and outstanding common shares of IWS subject to shareholder, regulatory and CSE approvals.
About IWS
International Wastewater Systems was founded by a team of technical and engineering professionals with over 100 years of combined experience in the heating, ventilating and geo-exchange industries. With a focus on wastewater heat recovery we are committed to manufacturing quality products that positively impact our environment, saving resources and unnecessary expense for heating and cooling.
For more info: www.sewageheatrecovery.com/