International Wastewater (IWS:CSE) Announces Grants of £4.95 Million
International Wastewater Announces Grants of £4.95 Million From the “Low Carbon Infrastructure Transition Programme” (Management by the Scottish Government)
Momentum Public Relations
Press Release: May 10, 2017
International Wastewater Systems Inc (CSE:IWS)(CSE:IWS.CN)(FRANKFURT:IWI)(OTC PINK:INTWF) (“IWS” or the “Company”) is pleased to advise that IWS’s wholly owned UK subsidiary, SHARC Energy Systems, has been awarded grant support to facilitate the installation of SHARC wastewater heat recovery systems at five locations across Scotland totaling £9.8 million.
Funding from the Low Carbon Infrastructure Transition Programme (LCITP) – managed through the Scottish Government – has been granted to enable the development of five new projects that will play a pioneering role in transforming heating systems at various commercial and local authority sites.
CEO Lynn Mueller states that “the contracts being awarded today by the Scottish Government provide the Company with first 5 of the 750 sites identified for conversion in Scotland, these are the culmination of over two years of hard work by the Company and its employees. This announcement is the game changer which the Company has been waiting for.”
SHARC’s innovative technology enable the sewers’ wastewater to be used to generate renewable heat. This, in turn, produces significant savings in energy and reductions in carbon emissions, and at the same time reduces the overall costs of supplying energy. These Scottish installations acknowledge IWS’s cornerstone technology by demonstrating how the IWS unique technology can provide energy and costs saving solutions which can be deployed across a wide range of geographies to support both corporate and residential customers, as well as a platform for wide scale low carbon district heating.
Under the plans, SHARC’s ‘heat-from-wastewater’ technology is earmarked to heat Kelvingrove Museum in Glasgow, a leisure centre and public library in Campeltown, a leisure centre in Orkney and a new district heating scheme at the Clyde Gateway regeneration project in Glasgow. The LCITP funding is being matched by commercial finance that will facilitate the required capital investment to establish local energy centres that will generate their income from sales of heat to the customers involved.
Scottish Water Horizons and SHARC Energy Systems have been collaborating over the last three years to promote the adoption of sewage heat recovery in Scotland, and last year announced their intentions to form a strategic alliance, and both parties see the LCITP announcement as playing a key role in building on their work to use Scotland’s water resources to help generate renewable energy.
Already deployed in North America and Europe, the SHARC technology works by using a heat pump to amplify the warmth of waste water in sewers – such as from showers, dishwashers and washing machines. This generates an energy-saving, cost-effective and environmentally friendly system for heating, cooling and hot water production in commercial premises and homes – as opposed to the use of traditional fossil fuels such as gas boilers.
Paul Kerr, recently appointed Head of Scottish Water Horizons, said: “We are delighted that funding has been awarded to enable the acceleration of this innovative technology at key locations across Scotland.
“Beneath our streets there is an alternative energy source that so far has been ignored. The potential benefits of this technology in further developing ways to reduce energy costs, cut carbon emissions and protect the environment for businesses and public organizations cannot be understated.
“With 32,000 miles of sewers pipes across Scotland and Scottish Water treating more than 900 million litres of waste water every year, the opportunities presented from this technology are clear to see.
“Using the sewer network to transfer heat means that the heat source can be used to supply heat to the customer as close as possible to the customer’s premises. This minimizes the cost and disruption of installing new heat pipes in the street.
“Our alliance with SHARC Energy Systems is helping to deploy this proven technology on a wider scale, providing an innovative lower cost heating solution which will help to contribute to a sustainable circular economy, tackle the threat posed by climate change and provide additional employment within local areas.”
The new projects in the pipeline are:
Bandwidth Project:
Three heat from sewage schemes have been aggregated into one proposal – with a total investment of £3.8m – known as the Bandwidth project. The project is planned to deliver sustainable heat to the Aqualibrium Leisure Centre and Public Library at Campbeltown, the Pickaquoy Leisure Centre at Kirkwall and the Kelvingrove Museum in Glasgow. SHARC Energy are working through the final design details that will enable the schemes to be spade ready later this year and facilitate construction over the next twelve months, creating cost and carbon benefits to the Local Authorities involved.
Clyde Gateway project
Clyde Gateway and its partners, including SHARC Energy Systems, have developed a plan to support a low carbon heating and cooling network for Magenta at Clyde Gateway, which will see 1.2 million square feet of commercial space across 27 acres within the satellite business district of Shawfield with a total investment of £6.0m.
Russ Burton, COO of International Wastewater Systems, said: “The announcement by the LCITP today is a significant step for the business and a resounding endorsement of the passion and dedication by the SHARC team in developing solutions that meet customer requirements and build on the company’s values.
“We have been working tirelessly over the last three years to support the Scottish Government’s ambitions for decarbonizing heating systems. With the support of Scottish Water Horizons and the Local Authorities involved in these schemes, we are delighted to be a part of this low carbon revolution and are looking forward to being able to make further announcements about our long-term role in the Scottish economy over the next few months.”
Work to bring the projects to construction ready status is well advanced and on target to meet the LCITP’s qualifying completion date of September 2018 to qualify for the grant.
The go-ahead for the projects follows the launch of the UK’s first SHARC energy recovery system at Scottish Borders College at its campus in Galashiels. The process — which has seen the heat produced being sold to Scottish Borders College under a 20-year purchase agreement — now provides the majority of the heat and hot water needed by the campus and has helped to save 150 tonnes of carbon emissions per year.
The collaboration between Scottish Water Horizons and SHARC Energy Systems has identified a £20m pipeline of potential installations across Scotland that when deployed would generate 170 GWHs (Giga Watt Hours – 1 GWH would power one million homes for one hour) per year of heating and cooling to displace the fossil fuel currently used.
The Company would also like to announce the granting of 4,000,000 two year stock options priced at $0.265 to management.
About International Wastewater Systems Inc. (CSE:IWS)(FRANKFURT:IWI)(OTC PINK:INTWF)
International Wastewater Systems Inc. is a world leader in thermal heat recovery. Through the development of its SHARC line of equipment for large applications, and its PIRANHA line of equipment for smaller applications, the Company can engineer energy saving solutions for most multi-residential complexes, as well as reduce energy costs as well as the carbon footprint for a variety of industries. Sewage that runs through municipal pipe networks is 98{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} composed of water and has a temperature of about 21 to 22 degrees Centigrade. A US Department of Energy study found that 400 billion kilowatt-hours of energy, or $40 billion worth of power, is lost through the draining of sewage each year in the US alone. The objective of IWS is to obtain a 5-10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} share of this potential within the next five years.
About Scottish Water Horizons Ltd
Scottish Water Horizons Ltd is a commercial subsidiary wholly owned by Scottish Water. The company plays a key role in supporting the development of Scotland’s sustainable and circular economy by making the most of the public utility’s vast array of assets.
From generating renewable energy from waste, wind and solar power to recycling food and aggregates waste, Scottish Water Horizons is improving connections, communications and enabling sustainable development.
The company’s growth strategy is to support Scotland as a developing Hydro Nation and take opportunities to harness Scottish Water’s asset base through both its own development and working in partnership with other organizations including the public and private sectors.
For more information, please visit our website: www.sewageheatrecovery.com
- Published in Green Technology, International Wastewater Systems, News Home, Technology
Sage Gold (SGX:tsxv) Clavos Drill Results – New Gold Zone
Sage Gold Clavos Drill Results – New Gold Zone
Momentum Public Relations
Press Release: May 10, 2017
Sage Gold Inc. (TSX VENTURE:SGX) ‘Sage’ has completed the surface drilling program at its Clavos gold property located 32 kms east north east of Timmins, Ontario in the prolific East Timmins Gold Camp.
The drill program has yielded three important results; the continuity of gold mineralization across the gap between the main mine zone and the 960 zone, the discovery of a new gold zone (Sediment 2 zone CL 17-07 4.09g/t over 4.2 metres) 100 metres south of the existing sediment zone and the Footwall intersection in CL-17-08 of 5.15g/t over 3.9 metres. The intersection in hole CL-17-08 opens up approximately 300 metres of strike length of potential mineralization west of the western end of the 150m west level in the upper part of the existing mine workings.
DRILLING RESULTS
HOLE_ID | EASTING | NORTHING | ELEVATION | AZ | DIP | LENGTH | FROM | TO | ZONE | AVG GRADE |
TRUE WIDTH |
CL-17-01 | 514765 | 5384659 | 280 | 180 | -55 | 266 | 163.5 | 164.8 | CONTACT | 1.69 | 0.9 |
CL-17-01 | 174.5 | 177.3 | SEDIMENT 1 | 3.36 | 2.0 | ||||||
CL-17-02 | 514645 | 5384682 | 282 | 180 | -57 | 347 | 149 | 152.05 | FOOTWALL | 4.32 | 2.1 |
CL-17-02 | 228 | 229.8 | CONTACT | 16.76 | 1.3 | ||||||
CL-17-03 | 514585 | 5384669 | 278 | 180 | -59 | 386 | 181.6 | 182.6 | HANGINGWALL | 3.32 | 0.7 |
CL-17-03 | 197.4 | 199.4 | CONTACT | 4.93 | 1.4 | ||||||
CL-17-04 | 514705 | 5384454 | 274 | 360 | -62 | 284 | 191.4 | 192.4 | HANGINGWALL | 1.59 | 0.7 |
CL-17-05 | 514525 | 5384399 | 273 | 360 | -55 | 374 | 341.65 | 343.15 | SEDIMENT 1 | 3.12 | 1.1 |
CL-17-05 | 364.75 | 366.5 | CONTACT | 2.56 | 1.2 | ||||||
CL-17-06 | 514437 | 5384683 | 279 | 180 | -65 | 372 | 258 | 263.5 | CONTACT | 4.43 | 2.8 |
CL-17-07 | 514484 | 5384681 | 277 | 180 | -65 | 387 | 268 | 269 | CONTACT | 3.89 | 0.7 |
CL-17-07 | 375 | 381 | SEDIMENT 2 | 4.09 | 4.2 | ||||||
CL-17-08 | 512515 | 5384678 | 273 | 360 | -55 | 188 | 144 | 149.5 | FOOTWALL | 5.15 | 3.9 |
CL-17-09 | 512456 | 5384697 | 273 | 360 | -55 | 269 | 91 | 96.7 | CONTACT | 1.83 | 4.0 |
All drill intersections are based on calculated true widths
Nigel Lees, President and CEO commented: “The surface drill program has been successful in establishing a mineralized corridor from section 514425E, the ‘Main Zone’ to the western end of the 960 zone, the ‘Gap’, and in locating new mineralized intersections in holes CL-17-08 and CL-17-09 west of the 150 metre west level (mine elevation). The results of the eastern drilling now open up the possibility of driving further east off the 285 level (mine elevation) through mineralized material out to the 960 zone and potentially further east. It is interesting to note that Kinross (KC99-148) intersected 8.78g/t over 3.5 metres in the Contact zone roughly coincident with the Contact zone mineralization in CL-17-07. The “Sediment 2″ intersection in CL-17-07 represents the first significant mineralization in the new sediment zone. The Sediment 2 zone was encountered in CL17-01 and 02 with anomalous gold mineralization.”
The program consisted of 2,873 metres of surface diamond drilling involving 9 drill holes completed from January 23rd to April 7th. Seven holes were drilled east of the existing mine infrastructure and west of the 960 zone. Two holes were drilled west of the existing mine infrastructure.
The Contact Zone which demarcates the Pipestone Thrust Fault juxtaposing the Kidd-Munro Group ultramafics to the north and the Porcupine Group sediments to the south, has been intersected in four drill holes over a strike length of 330 metres.
The weighted average grade of the composite intervals vary from 16.76 g/t over 1.8 metres returned from drill hole CL-17-02 and 4.43 g/t over 4 metres returned from drill hole CL-17-06.
Hole Cl-17-07 has intersected a new “Sediment Zone” located 100 metres to the south of the Pipestone Thrust Fault returning 4.09 g/t over 6 metres.
Drill holes CL-17- 08 and 09 intersected significant mineralization at the Footwall Zone and Contact Zone establishing continuity along the 150 metre level (mine elevation).
The current program’s objective was to test a 340 metre gap between the existing underground infrastructure and the 960 Zone from section 514435E and 514765E. Seven holes targeted a shallow plunging flexure proximal to offsetting structures possibly controlling gold, arsenopyrite, pyrite quartz vein mineralization located in the altered ultramafics and porphyries flanking the Porcupine Group sediments demarked by the Pipestone Fault structure. A systematic drill hole spacing of 60 meters was employed to define the plunge orientation of some of the high-grade shoots located within the existing mine infrastructure.
These holes were also positioned between two major structures transecting the Pipestone Fault at 514300E and 514700E disrupting the horizontal continuity of four gold bearing zone. The orientation in plan view of these cross-cutting structures are at Az 330 and Az 055 identified by airborne magnetics. Both structures are now interpreted to be a high angle back thrust dipping to the east and low angle thrust fault dipping to the west evident on the recently completed grade / thickness longitudinal model.
Follow-up infill drilling at 30 metre spacing is warranted to define the extent of the Contact Zone Between sections 514300E and 514700E.
QA/QC Program Protocols
Sage Gold Inc. has implemented a rigorous QA/QC program using best practice principles which are being applied to the sampling/analysis of the drill core and complies with National Instrument 43-101 requirements for the Clavos property. The NQ core is delivered to the secure core shack facility on site by Crites Drilling personnel and/or Sage personnel. Prior to splitting, and core logging, all drill core is photographed. Core logging is focused on identifying the type and style of mineralization recording structure, lithology contacts, and alteration including quartz veining {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and total sulphide {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. Core splitting is done with a diamond core saw and 1/2 of the drill core is submitted to ALS Global Laboratories based in Timmins, an accredited laboratory for analysis. The remainder of the core is stored at the Clavos Mine Property. All samples are shipped in sealed rice bags with numbered security tags and transported in a company truck from the property to ALS Global Laboratories preparation lab in Timmins, ON.
Sage routinely inserts certified standards, blanks and field duplicate samples into the sample stream such that every 20 sample batch contains a blank and standard. The sample preparation procedures for drill core samples consist of crushing the samples to 70{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} minus 9 mesh (2mm), pulverizing a 500g sub-sample to 85{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} minus 200 mesh (75um), and analyzed by standard fire assay (FA) method using a 50 gram sample with AA finish and any samples assaying greater than 10 g/t Au are re-analyzed using a gravimetric finish. For mineralized zone intervals where visible gold is observed to be present, samples are submitted for analysis using the metallic screen method where the entire half core is crushed, pulped and screened to 100 mesh. The screen coarse and fine fractions are analyzed by fire assay (FA) method with a gravimetric finish and the total assay result is calculated.
The geotechnical content of this news release has been reviewed and approved by Sage’s consulting geologist, Peter Hubacheck, P. Geo, who is a Qualified Person (“QP”) as defined in National Instrument 43-101.
Sage currently plans to complete a reserve estimate and a prefeasibility study regarding the Clavos project. In the event that a production decision is made that is not based on a feasibility study of mineral reserves demonstrating economic and technical viability prepared in accordance with National Instrument 43-101, readers are cautioned that there is increased uncertainty and higher risk of economic and technical failure associated with such production decisions.
About Sage Gold
The Company is a mineral exploration and development company which has primary interests in near-term production and exploration properties in Ontario. Its main properties are the Clavos Gold property, 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned, in Timmins and the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Onaman property and other exploration properties in the Beardmore-Geraldton Gold Camp. Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com and www.sagegoldinc.com.
Margaret Lake JV with Arctic Star begins Diagras geophysical survey
Margaret Lake JV with Arctic Star begins Diagras geophysical survey
Margaret Lake Diamonds Inc.’s joint venture with Arctic Star Exploration Corp. has initiated a ground exploration program on the Diagras property. DIA is the operator of this program with a 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest and ADD contributing 40 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. Diagras is located in the north-eastern part of the prolific Lac de Gras kimberlite field, 22km NNE of the Diavik diamond mine and 36km east of the Ekati diamond mine in NT Canada. Research and data compilation shows that the property hosts over a dozen kimberlites, with most of them diamondiferous.
The claims selected by the company comprise 23 and total 18,699hectares, forming the Diagras property. The property was obtained by posting a bond of approximately $200,000 with the Government of the Northwest Territories.
The Diagras property is located in the prolific north-northeastern part of the Lac de Gras kimberlite field where the Diavik (operated by Rio Tinto PLC) and Ekati diamond mines (operated by Dominion Diamonds Corp.) are located. The following diamondiferous deposits A21, A418, A154S, A154N, Piranha Lynx, Misery, A841, and Jay kimberlite pipes, line up in a >25 km. structural corridor trending NNE into the Diagras property. The nearest of these pipes, Jay is just 8.9 kilometers from the Diagras boundary.
Diagras has diamondiferous kimberlites
Historical work on the Diagras property was originally conducted by De Beers in the 1990s and some subsequent work by Majescor Resources in 2004. Whilst being explored by De Beers it was known as the Hardy Lake property, it was their work that identified the 13 known kimberlites on the Diagras property controlled by the joint venture.
Originally the kimberlites were discovered primarily as the result of follow-up of airborne magnetic surveys some 2 decades ago. In some instances short holes were drilled that did not explain the magnetic anomalies.
Exploration Strategy
The Joint Venture has mobilised crews to undertake ground geophysical surveys in the area of known kimberlites and also to evaluate other previously unresolved targets. The geophysical surveys will comprise of ground gravity, magnetics and the OhmMapper ground EM method. The objective of this work is to attempt to detect previously undiscovered non-magnetic phases near the original magnetic kimberlite discoveries. The Jack Pine kimberlite, one of the 13 kimberlites in our portfolio, is one such large complex kimberlite, with multiple phases with different geophysical responses. It is hoped that our planned surveys will reveal similar geology around the other pipes. There is also a good chance to find new kimberlites using these new ground geophysical techniques. This ground geophysical work has now commenced and is designed to establish drill targets which will be slated for testing in the next phase of the exploration program.
Field work on this program calls for completion in mid-May which will then require interpretation. Current weather and ground conditions are considered good for this program.
The technical data in this news release has been reviewed by Mark Fields P. Geo., a Qualified Person under the provisions of National Instrument 43-101.
About Margaret Lake Diamonds
Margaret Lake Diamonds Inc. is a diamond exploration company focussed on the Northwest Territories with two exploration properties. The Diagras project is as detailed elsewhere in this release. The other project is Margaret Lake (adjacent to Kennady north and in close proximity to Gacho Kue, the newest Canadian diamond mine owned by De Beers and Mountain Province diamonds).
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Arctic Star Exploration, Mining, News Home
Intema’s eFlyerMaker Reaches More than 12 000 Users and Aims to Reach Break Even in 2017
Intema’s eFlyerMaker Reaches More than 12 000 Users and Aims to Reach Break Even in 2017
Momentum Public Relations
Press Release: May 9, 2017
MONTREAL, QUEBEC–(Marketwired – May 9, 2017) – Intema Solutions Inc. (“Intema” or the “Corporation“) (TSX VENTURE:ITM) announces that it has released its annual results for 2016 on May 1st. The corporation is happy to have reduced its loss and is well on its way to a break-even point late in 2017.
The Corporation began an aggressive marketing campaign that resulted in going from 250 to more than 10,000 eFlyerMaker users at the end of 2016. The number of users is still growing and has reached more than 12000 users.
The “FREEMIUM” strategy adopted because that is what customers expect in the email marketing environment. The Corporation’s conversion rate at 18{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} is over the average recognized rate in the community.
The cost of adding new clients has not yet reached a break-even point and therefore requires more investment in marketing. However, the market being so huge, new investments are justified in the objective of reaching high revenues.
The size of the email marketing market is counted in billions of dollars throughout the world. It is a growing market. To succeed in this environment, the quality of the product is essential and differentiation features are why customers will select Intema’s product over competitive ones. The company’s development team excels in this area.
eFlyerMaker is the only email-marketing platform able to provide predictive algorithms that automate the selection and the integration of content in an email campaigns. Plus Intema’s team is most attentive to the design possibilities of the tool. This makes eFlyerMaker easier to use and produces email with more aesthetic.
eFlyerMaker was selected twice in 2016 as a top 10 products by specialized software evaluation blogs. It also reached the top twenty lists on Captera, probably one the most difficult position to reach due to the very high qualification standards.
“We will continue to improve our product to ensure that we remain as a top product but also reach even higher ranking on the best products selection lists” said Sébastien Plourde CTO.
About INTEMA SOLUTIONS Inc. INTEMA’s mission is to integrate technologies to marketing. The company develops technologies for marketing and services related to predictive marketing, relationship marketing and database marketing. Since its inception, INTEMA has dedicated its efforts to deliver key solutions to the marketing industry. For more information, please visit our corporate website at intema.com and our product websites eflyermaker.com and matcheranalytics.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined on policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Roger Plourde
CEO, Intema Solutions, Inc.
(514) 861-1881
roger.ploude@intema.ca
www.intema.ca
- Published in Intema Solutions, News Home, Technology
IWS Announces Management Change
IWS Announces Management Change
VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 8, 2017) – International Wastewater Systems Inc. (“IWS” or the “Company”) (CSE:IWS)(CSE:IWS.CN)(CNSX:IWS)(FRANKFURT:IWI)(OTC PINK:INTWF) announces that Yaron Conforti will be leaving his role as the Company’s Chief Financial Officer and a member of its Board of Directors, to pursue new opportunities.
Mr. Conforti will remain a consultant to IWS to assist with the transition to the newly appointed CFO, Mr. David Alexander, CA, CPA. Mr. Alexander has extensive experience as a CFO and his past achievements include CFO of Arakis Energy Corporation (subsequently sold to Talisman Energy TSX:TLM), and Nortran Pharmaceuticals, Inc., (later Cardiome Pharma NASDAQ:CRME).
Lynn Mueller, Chairman and CEO of IWS commented: “Yaron Conforti provided valuable leadership as our CFO and a member of our Board of Directors since 2015. I would like to thank him for his contributions and wish him every success in the future. We welcome David Alexander, an experienced CFO who further strengthens our management team during a period of significant growth for IWS.”
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. is a world leader in thermal heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings. IWS is publicly traded in Canada (CSE:IWS)(CSE:IWS.CN)(CNSX:IWS), the United States (OTC PINK:INTWF) and Germany (FRANKFURT:IWI).
CONTACT INFORMATION
-
International Wastewater Systems Inc.
Lynn Mueller
CEO
(604) 475-7710
- Published in Bio technology, Energy, Green Technology, International Wastewater Systems, News Home, Technology
Bank of Canada Governor Stephen Poloz: “Protectionism does not promote growth and its costs are steep”
Bank of Canada Governor Stephen Poloz: “Protectionism does not promote growth and its costs are steep”
May 7, 2017
It’s hard to say whether or not Canada is on the verge of a trade war with the United States. The Trump administration has imposed ruinous tariffs on Canadian soft wood lumber. In retaliation, on Friday May 5, 2017 Prime Minister Trudeau sent a letter to the government of British Columbia saying that it is considering banning American coal exports from the province, and applying tariffs to products originating in Oregon.
Now that it has attacked the Canadian dairy and softwood industries, the Trump administration is also considering aluminum. If Trump does decide to take trade action against aluminium imports, Rio Tinto is going to take a hit because it exports 75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the aluminium it produces to the States.
As small-minded xenophobia continues to drive economic and political policies in countries around the world, there is much to be feared. Economic protectionism has reared its ugly head with the presidency of Donald Trump. Irony abounds in these troubled times for those who bother to seek it out. During the recent past, American investment in Mexico has bolstered the Mexican economy to such an extent, that it reduced the number of undocumented Mexican workers smuggling themselves into America hoping for work. Now that the Mexican economy is starting to slow down, those numbers will start increasing again.
Trying to evaluate what this may mean for Canada is a moot point. If Trump decides to attack the Canadian car industry, Canada would suffer dire consequences. The car industry is a massive employer in Canada, and employs directly and indirectly one in seven Canadians. The Canadian Vehicle Manufacturers Association estimates that approximately 85{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the vehicles built in Canada are destined for the export market, with the majority – if not all – of those headed to America.
In Canada, Prime Minister Trudeau, has done his best as an advocate for world trade. On March 28, 2017, Bank of Canada governor Stephen Poloz gave a speech in his home town of Oshawa that furthered the argument. In his speech Poloz took six eras from Canadian history to prove his point that when Canada has open borders, the country flourishes and when it erects trade barriers in the form of tariffs, the country suffers. Backing up the points he makes is the observation that Canada needs immigration, open markets and foreign capital to thrive because the country is too large and the population too small to do it by itself.
This broad brush approach should come as no surprise to those who remember their history. Canada was founded on the fur trade. Poloz makes the case that when economies falter and protectionism – in the form of tariffs – increases, national economies stagnate and retreat.
Poloz’s two most salient points in his plea for the benefits of open trade may well be the miniature studies of the Great Depression and the 1965 Auto Pact. On the Depression Poloz says, “Meanwhile, in a bid to protect American workers and farmers from foreign competition, the US Congress pushed up the average tariff rate on dutiable goods to nearly 60 per cent by 1932. This policy backfired spectacularly. Most other countries, including Canada, retaliated with tariffs of their own. The trade war had no winners; everyone suffered as international shipments collapsed. Canadian trade fell by more than 50 per cent during the Depression; US trade, by 70 per cent.”
In contrast to the failed policies which deepened the Depression Poloz describes the 1965 Auto Pact like this: “The 1965 Auto Pact created a single, tightly linked market for automobiles and parts between the two countries. This gave Canadian producers both the opportunity to develop economies of scale and the ability to specialize production. Over the agreement’s first 40 years, auto production in Canada roughly tripled, while employment in the industry doubled.”
While much of the impetus for Brexit is based on the fear of an erosion of national sovereignty, it should also be noted that Poloz states that in relation to the 1988 NAFTA agreement: “Many Canadians resisted continental free trade, fearing job losses, the possible loss of our health care system, and a general loss of Canadian economic or even political sovereignty. None of these concerns have come to pass, although heightened competition did result in job losses in some sectors. But these losses were more than offset by gains in other areas, and consumers have continued to benefit from lower prices and increased purchasing power as most tariffs were eliminated.”
While the prospect of a punitive trade war looms, Trump is pushing forward with a trade deal between the United States and Japan. Is Trump playing tough to soften countries up for trade negotiations? At this point no one can really say. To read Poloz’s entire speech, click here.
By Noel Meyer
- Published in Blog
Deep-South Resources closes $206,140 private placement
Deep-South Resources closes $206,140 private placement
Deep-South Resources Inc. has closed a non-brokered private placement for gross proceeds of up to $206,140.
The non-brokered private placement comprises 937,000 units of Deep-South at a subscription price of 22 cents per unit. Each unit consists of one common share and one common share purchase warrant of Deep-South. Each full warrant entitles the holder thereof to purchase one Deep-South common share at an exercise price of 30 cents during a period of 36 months from the date of closing of the placement. Each security issued pursuant to the placement has a mandatory four-month holding period from the date of closing of the placement.
About Deep-South Resources Inc.
Deep-South Resources is a mineral exploration company with a large Namibian shareholding actively involved in the acquisition, exploration and development of major mineral properties in Namibia and Canada.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
Source (Stockwatch)
- Published in Deep South Resources Inc., Mining, News Home
Deep-South Resources (DSM:tsxv) has closed the acquisition of 100 of Haib copper deposit in Namibia in partial share deal
- Published in Deep South Resources Inc., Mining, News Home
Puma Exploration secures the option to acquire 100 interest in the Murray Brook Property
Puma Exploration secures the option to acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest in the Murray Brook Property
RIMOUSKI, QUEBEC–(Marketwired – May 4, 2017) – Puma Exploration Inc. (TSX VENTURE:PUM)(SSE:PUMA)(The “Company” or “Puma”) is pleased to announce that it has secured the option to acquire the remaining 32.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} beneficial interest from El Nino Ventures Inc. (“El Nino”), upon the terms described in the press release dated May 1st, 2017, in the Murray Brook property by completing the initial requirements. The Murray Brook property, located in the famous Bathurst mining camp of northern New Brunswick, consists of mining lease 252 and contiguous mineral claim block 4925 (245 claims) located four kilometres west of the producing Caribou mine which is owned and operated by Trevali Mining Corp.
On February 24th, 2017, Puma Exploration closed the purchase agreement with Votorantim Metals Canada Inc and with today announcement, Puma now holds an option to acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} beneficial interest in the Murray Brook Property. With new properties staked, Puma controls or has an option to control 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest over more than 18 kilometers of one of the best Zinc potential area that cover the favorable rock hosting the operating Caribou Mine (Trevali Mining Corporation), the Murray Brook Deposit and the past operating Restigouche Mine.
As part of the TSX Venture Exchange requirements, Puma closed a first tranche of a private placement (the “Offering”) with qualified investors, employees, consultant and existing security holders for gross proceeds of $140,000 and issued 2,000,000 units (each a “Unit”) at the price of $0.07 per Unit. Each Unit comprises one common share and one full common share purchase warrant. Each warrant gives its holder the right to purchase one common share at a price of $0.15 per share until 04 May, 2017.
In connection with the Offering, the Company paid cash finder’s fees of $2,240 and issued 32,000 finder’s warrants that entitle the holder to acquire one additional common share of Puma at a price of $0.07 for 24 months. All securities issued to purchasers and finders under the Offering are subject to a four-month hold period from the date of issuance of the securities, pursuant to applicable securities legislation and the policies of the TSX Venture Exchange. The proceeds of the Offering will be used for the exploration and development of Puma’s properties in New Brunswick and for general corporate purposes.
All transactions described herein have received the conditional approval of the TSX Venture Exchange.
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 are the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per-cent beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project, the Nicholas-Denys Project in New Brunswick and an equity interest in Black Widow Resources related to the Little Stull Lake Gold Project in 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.
The contents of this press release were prepared by Marcel Robillard, P.Geo., a Qualified Person as defined in NI 43-101. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: 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.
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- Published in Mining, News Home, Puma Exploration
Mobi724 Global Solutions Inc. (CSE:MOS) to Begin Trading on OTCQB Under the Symbol: MOBIF
Mobi724 Global Solutions Inc. (CSE:MOS) to Begin Trading on OTCQB Under the Symbol: MOBIF
MONTREAL, QUEBEC–(Marketwired – May 4, 2017) – MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS)(CSE:MOS.CN)(CNSX:MOS)(OTCQB:MOBIF), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing, announces that it shall commence trading on OTCQB on May 4th, 2017 under the symbol MOBIF.
OTC Markets Group Inc. operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, a diverse network of broker-dealers provides liquidity and execution services. OTC Markets Group enables investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors. To learn more about how OTC Markets Group create better informed and more efficient markets, visit www.otcmarkets.com
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About Mobi724 Global Solutions
Mobi724, a leader in the fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment & digital marketing solutions with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. Mobi724’s solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging available user and purchasing data to increase transaction volumes and spend. Mobi724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Mobi724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to any mobile device and allow its redemption at any point of sales.
Forward Looking Statements
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
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- Published in Financial Technology, Mobi724 Global Solutions, News Home, Technology