Another gold discovery for Stelmine in the James Bay Area
Momentum Public Relations
Press Release: April 17 2018
Stelmine Canada(« Stelmine ») (TSX-V:STH). Stelmine announces a gold discovery on its Joubert property which is highlighted by concentrations of 2.48 g/t Au, 0.16 %Zn, 1440 and 2760 ppmAs. Following its exploration strategy targeting the best gold potential zones near the contact of the La Grande and Opinaca Sub-province in Quebec, the Company increased the area of the Joubert property. These acquisitions are based on the assay results of grab rock samples collected in 2017 on Joubert and on the geological and structural context conductive to mineralization.
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« These results allow the Company to consider our new work program with an optimistic outlook. With the Company discoveries and over 994 claims staked in this new exploration sector of the eastern Opinaca and La Grande Sub-provinces, Stelmine becomes a major player of the industry » claims Isabelle Proulx, President of Stelmine Canada.
The Company acquired by staking 75 new claims that include the extension of greenstone belts, metasedimentary and gabbroïc rocks located in the eastern part of the La Grande geologic Sub-province in the James Bay area. The Joubert property was expanded to 182 claims covering an area of 94.25 km2.
Stelmine’s geologists completed a two day exploratory visit of the property allowing the mapping of metasedimentary rock assemblages (Solomon Formation) at the contact with basaltic metavolcanics (Trieste Formation) having a larger extent relative to what is revealed by the MERNQ mapping. Gold mineralization was discovered in the northeastern corner of the property on a gossan exposing paragneissic rocks in contact with metabasalts. The mineralization zone includes pyrrhotite, pyrite and chalcopyrite locally massive or in fractures. The rock is occasionally silicified and magnetic containing graphite and quartz veins. Grab samples revealed assay values of 2.48 g/t Au, 0.16 %Zn, 1440 and 2760 ppmAs. In the southeastern part of the property, near the pyroxenitic/peridotitic pluton of the Dutreuil suite and the Au-Cu showings identified by the MERQ, a lithologic assemblage similar to the previous one exposes ultramafic rocks, massive and pillowed basalts and metasediments revealing massive to disseminated, graphitic and cherty zones showing anomalous gold and zinc values (0.10 and 0.13 g/t Au) and (0.10 % Zn). These convincing assay results are added to the recent MERQ values highlighting anomalous Au (0.10-0.11 g/t Au), Zn (0.10-0.24 %) and As (3000 ppm) concentrations in Joubert’s metavolcanic and metasedimentary rocks. Assay values of 4.69 g/t and 0.48 g/tAu were produced from deformed quartz veins located 1 km south of Stelmine’s new discovery (see Figure 1).
During the 2018 summer season, Stelmine will implement a more thorough exploration campaign of the Joubert property including geological and structural mapping accompanied by rock sampling.
The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101.
Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy project.
About Stelmine
Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 994 claims spanning 662.8 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 23,680,645 issued and outstanding shares for a current market capitalization of $4.1 million.
Forward-looking statements
The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information :
Isabelle Proulx | Christian Guilbaud |
President and CEO | Business Development |
581-998-1222 | 514-813-7862 |
info@stelmine.com | |
Stelmine.com |
A map accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/e411ff50-781a-4d11-b8eb-3fd106c491c1
- Published in Stelmine Canada
Arctic Star Announces Diamonds Recovered from the New Kimberlite Discoveries, Timantti Project, Finland
Momenum Public Relations
Press Release:April 16 2018
Arctic Star Exploration Corp. (TSXV: ADD) (OTCQB: ASDZF) (FSE: 82A1) (“Arctic Star” or the “Company”) is pleased to announce that it has received diamond results from caustic fusion analyses on the recent kimberlite discoveries within the 100% owned Timantti Diamond Project in Finland (the “Project”), namely the Grey Wolf kimberlite and the Vasa Dykes. Both kimberlitic bodies were discovered by excavator, and these first results are from samples within the discovery pits. In addition, the Company is awaiting caustic fusion analyses results from its diamond drill program.
The results are shown in Table 1, together with the previous caustic fusion results reported by Arctic Star as per the July 26, 2017 news release. The White Wolf and Grey Wolf results are also shown as a combined total as the 2 kimberlitic bodies occur in close proximity.
Table 1: Caustic Fusion Results Timantti Project
Kimberlite | Sample Weight (Kg1,2,3) |
+0.106 mm |
+0.15 mm |
+0.212 mm |
+0.3 mm |
+0.425 mm |
+.60 mm |
+.85 mm |
+1.18 mm |
Total Stones |
Grey Wolf | 99.98 | 28 | 18 | 20 | 8 | 1 | 2 | 0 | 1 | 76 |
Vasa Dykes | 25.74 | 1 | 5 | 5 | 0 | 0 | 0 | 0 | 0 | 11 |
White Wolf | 67.55 | 70 | 61 | 24 | 15 | 3 | 5 | 0 | 1 | 169 |
Total Wolves | 167.53 | 98 | 79 | 44 | 23 | 4 | 7 | 0 | 2 | 245 |
Notes:
1. Samples processed at Microlithics Laboratories Inc., of Thunder Bay, ON (“Microlithics”). Microlithics is independent of the issuer
2. Dry weights
3. The samples followed a chain of custody and were received sealed at the laboratory
4. Diamond results as per CIM guidelines
In general, diamondiferous kimberlites show an exponential relationship between the size and frequency of small diamonds and larger diamonds. Microdiamond counts can thus be used as a semi-quantitative, predictive guide to diamond grade. The higher the diamond count and the more larger diamonds present in a sample, the higher the expected grades for a particular kimberlite. The accuracy and reliability of this grade estimation method increases with the size (weight) of the sample and the numbers of stones.
Arctic Star’s goal at this early stage of the evaluation of the Timantti kimberlites is to gather and process enough caustic fusion sample to give guidance on the grade of each discovery.
For comparison purposes and to understand the significance of these discoveries, the Company has compiled published caustic fusion micro-diamond results from other kimberlites located elsewhere in Finland and recent discoveries Canada.
Table 2: Recent Micro-Diamond Results Comparison
Kimberlite | Sample Weight (Kg) |
+0.106 mm |
+0.15 mm |
+0.212 mm |
+0.3 mm |
+0.425 mm |
+.60 mm |
+.85 mm |
+1.18 mm |
+1.70
mm
|
Total
Stones
|
Rabbits Foot1 | 99.75 | 81 | 40 | 16 | 13 | 5 | 1 | 0 | 0 | 0 | 156 |
Pikoo (150)2 | 582 | 618 | 348 | 150 | 82 | 45 | 32 | 29 | 2 | 2 | 11 |
Seitapeira3 | 100.2 | 28 | 28 | 4 | 7 | 0 | 0 | 0 | 0 | 0 | 67 |
No. 21 Kimberlite4 | 287 | – | 87 | 55 | 29 | 10 | 4 | 0 | 0 | 0 | 185 |
Lahtojoki5 | 1771.17 | – | 410 | 326 | 208 | 102 | 27 | 13 | 7 | 1 | 1096 |
Total Wolves | 167.53 | 98 | 79 | 44 | 23 | 4 | 7 | 0 | 2 | 0 | 245 |
Sources:
1. Rio Tinto Diamonds Exploration Ltd. Assessment Report 2015 Oskabukuta Property near White River, Ontario. Rio Tinto Thunder Bay laboratories
2. North Arrow Minerals website. Saskatchewan Pikoo kimberlite discoveries
3. A kimberlite near Kuhmo, Finland, Karelian Diamond July 2008 NR, Lakefield Laboratories
4. Nordic Diamonds News Release 2002, Koupio Kaavi Kimberlite Field Finland
5. European Diamonds 2004 Koupio Kaavi Kimberlite Field Finland
Table 3: Comparison Caustic Fusion Results Normalize to 100kg Including Ratio of Larger Macro to Smaller Micro Diamonds
Kimberlite | +0.15 mm |
+0.212 mm |
+0.3 mm |
+0.425 mm |
+.60 mm |
+.85 mm |
+1.18 mm |
+1.70 mm |
St/100kg | Ratio >.6/>.425mm |
Rabbits Foot | 40 | 16 | 13 | 5 | 1 | 0 | 0 | 0 | 75 | 0.01 |
Pikoo (150) | 60 | 26 | 14 | 1 | 5 | 5 | 0.3 | 0.3 | 111 | 0.1 |
Seitapeira | 28 | 4 | 7 | 0 | 0 | 0 | 0 | 0 | 67 | – |
No. 21 Kimberlite | 30 | 19 | 10 | 3 | 1 | 0 | 0 | 0 | 63 | 0.01 |
Lahtojoki | 23 | 18 | 12 | 5.7 | 1.5 | 0.73 | 0.39 | 0.056 | 62 | 0.045 |
Total Wolves | 47 | 26 | 14 | 2 | 4.2 | 0 | 1.19 | 0 | 94 | 0.06 |
Note: To date about 30 kimberlites have been discovered in the country of Finland by previous workers, from three main kimberlite fields, Lenturia, Kuhmo and Koupio Kaavi, most discoveries where from the Koupio Kaavi field near Outokumpo, 250km to the SW of Kuusamo where more than 20 separate bodies were found, the most diamondiferous examples from this field are Lahtojoki and 21# shown in table 2 and 3. A result from another field around the town of Kumho is shown from the Seitapeira Kimberlite, 200km to the south of Kuusamo.
Buddy Doyle, VP of Exploration stated, “We are greatly encouraged by the results, to date. So far every kimberlite we have discovered on the Timantti property has proven to be diamondiferous. We are particular pleased by the results from the Wolves, as demonstrated from table 3, these are the best diamond results to date ever reported from Finland, at least at this initial discovery phase. We look forward to adding to this as the diamond results from our drilling become available.”
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist of over 30 years’ experience in diamond exploration, discovery and evaluation.
About Arctic Star
The Company owns 100% of the recently acquired Timantti Diamond Project including a 243 Ha Exploration Permit and a 95,700 Ha Exploration Reservation near the township of Kuusamo, in Finland. The project is located approximately 550km SW of the operating Grib Diamond Mine in Russia. Arctic has commenced its exploration in Finland on the Timantti Project, where four diamondiferous kimberlite bodies may represent the first discoveries in a large kimberlite field. The Company also controls diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and a rare metals project in BC (Cap).
Arctic Star has a highly experienced diamond exploration team previously responsible for several world class diamond discoveries.
ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.
Scott Eldridge, President & CEO
+1 (604) 722-5381
scott@arcticstar.ca
Patrick Power, Executive Chairman
+1 (604) 218-8772
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING INFORMATION
This news release includes certain information that may constitute “forward-looking information” under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the Company’s strategic plans, future operations, future work programs and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The diamond results reported here are first pass exploration results and although they encourage further study they do not constitute an “economic” discovery at this time. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
- Published in Arctic Star Exploration
Tetra Bio-Pharma Clinical Study on Cannabis Oil Capsules for Patients Suffering from Chronic Pain should be completed by Fall 2018
Momentum Public Relations
Press Release: April 12 2018
Tetra Bio-Pharma Inc. (“Tetra” or the “Company”) (TSX VENTURE:TBP) (OTCQB:TBPMF), provides a status report on its encapsulated cannabis oils (PPP005) clinical trials and that these cannabis products are ready to commercialize in the retail market post-legalization.
Natural health products and OTC medications
The authorization from the Office of Controlled Substances marks the initiation of the treatment phase of the Phase 2 clinical trial that will be used to support Product License Applications post legalization. Tetra is performing this clinical study to obtain safety and efficacy data to support modern claims for the use of encapsulated cannabis oils in the treatment of chronic pain. Tetra’s program is designed to build a leading position in the development and commercialization of cannabis-based natural health products. Tetra’s products are being developed to be compliant with standards expected for pharmaceutical products which will be supported by scientific and clinical evidence.
PPP005 Phase 1 Clinical trial
Phase 1 clinical trial to assess safety, tolerability and pharmacokinetics of single and multiple dose of encapsulated cannabis oil (10 mg THC with 10 mg CBD) will be completed soon. “This study will provide cardiovascular safety data to ensure that the oil formulations can be safely used by consumers. The pharmacokinetic data will provide the data required to define the frequency of dosing needed to avoid inappropriate use that could lead to accumulation of cannabinoids in the body,” said Dr. Guy Chamberland, M.Sc., Ph.D., interim CEO and Chief Scientific Officer.
PPP005 Phase 2 Clinical trial
On March 22, 2018, Santé Cannabis, the Montreal-based clinic that is conducting the Phase 2 clinical trial for Tetra, received authorization from the Office of Controlled Substances to use the cannabis oil capsules of PPP005 (controlled substance).
This authorization allowed the Principal Investigator of the trial, Dr. Antonio Vigano, to proceed with the clinical trial of PPP005 in chronic pain patients. This exemption allows Santé Cannabis to prescribe the blinded study medication and for Aphria Inc to ship blinded products to patient’s home under the jurisdiction of the ACMPR. The screening and enrolment is proceeding faster than expected and will allow Tetra to meet its corporate objectives.
“We are performing this Phase 2 clinical trial to obtain safety and efficacy data to help drive the sales of encapsulated cannabis oil products for the treatment of chronic pain,” added Dr. Guy Chamberland. “We expect chronic pain patients to use cannabis oils, but many of these patients will also be taking opioids or other prescription medications. The capability of different doses and ratios of medical cannabis oil to change the amount and type of concomitant medications, such as opioids, used for pain, and the need for rescue pain medication to control chronic non-cancer and cancer pain is evaluated. The use of measures that quantify different pain drug regimens used by the patients will help us understand the potential of cannabis oils to be used for opioid sparing. The trial should be completed by fall 2018.”
About Tetra Bio-Pharma:
Tetra Bio-Pharma (TSX VENTURE:TBP) (OTCQB:TBPMF) is a biopharmaceutical leader in cannabinoid-based drug discovery and clinical development. Tetra is focusing on three core business pillars: clinical research, pharmaceutical promotion and retail commercialization of cannabinoid-based products. Tetra Bio-Pharma is currently developing a pipeline of five cannabinoid-based products using different delivery systems such as smokable pellets, oral tablets, eye drops and topical ointments.
More information at: www.tetrabiopharma.com
Source: Tetra Bio-Pharma
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, through its wholly-owned subsidiary, GrowPros MMP Inc., to obtain a license for the production of medical marijuana; failure to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, the success of the Company’s research strategies, the applicability of the discoveries made therein, the successful and timely completion and uncertainties related to the regulatory process, the timing of clinical trials, the timing and outcomes of regulatory or intellectual property decisions and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. While no definitive documentation has yet been signed by the parties and there is no certainty that such documentation will be signed The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.
Tetra Bio-Pharma Inc.
Dr. Anne-Sophie Courtois, DVM
Vice President, Marketing & Communications
anne-sophie.courtois@
(514) 360-8040 Ext. 210
For media information, please contact:
Daniel Granger
Daniel.granger@
ACJ Communication
O: 1 514 840 7990
M: 1 514 232 1556
- Published in Tetra Bio Pharma
New gold discovery for Stelmine in the eastern James Bay region
Momentum Public Relations
Press Release: June 1 2018
Stelmine Canada(« Stelmine ») (TSXV:STH). Stelmine announces a new gold discovery on its Trieste property and follows its commitment to acquire properties within the more prospective gold-bearing terranes exposed in Quebec near the boundary between the La Grande and Opinica subprovinces. The Company has nearly doubled the area of its Trieste property following the positive results obtained on its Courcy flagship property in conjunction with the analytical results received in 2017 on the Trieste property which indicate gold mineralization representing a new discovery.
“Despite a short one day excursion completed by helicopter on Trieste, we were pleasantly surprised to discover gold-bearing iron formations. It became clear to us it was imperative to preserve this potential asset for Stelmine and increase its area,” says Stelmine’s president, Isabelle Proulx.
The Company has acquired 81 new claims encompassing slivers of greenstone belts located in the eastern La Grande subprovince in the James Bay region. The Trieste property now spans an area of 66.6 km2distributed in 129 claims.
A visit to the Trieste property by our geologists allowed the identification of folded bands of magnetic iron formations (oxide facies) intercalated with metasediments and mafic metavolcanic layers. The iron formations contain magnetite and sulphides (pyrite, pyrrhotite, arsenopyrite and chalcopyrite) and is crosscut by sulphide-bearing quartz veins. A composite sample of mineralized wallrocks near the banded iron formations revealed gold and arsenic values of 1.10 g/t and 8350 ppm respectively.
“The results coming from the Trieste property integrated with those from the Courcy project open great perspectives relative to the development of a new zone with strong gold potential in Quebec. Stelmines strives to become the leader in this new exploration sector,” reiterates Isabelle Proulx.
Stelmine will implement a more thorough exploration campaign of the entire Trieste property during the summer 2018, including geological and structural mapping and rock sampling.
The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101.
Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy project.
About Stelmine
Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 919 claims spanning 624 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 23,680,645 issued and outstanding shares for a current market capitalization of $4.2 million.
Forward-looking statements
The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information : | |
Isabelle Proulx | Christian Guilbaud |
President and CEO | Business Development |
581-998-1222 | 514-813-7862 |
info@stelmine.com | |
Stelmine.com |
- Published in Stelmine Canada
Hillcrest Engages Torrey Hills Capital
Momentum Public Relations
Press Release: April 11, 2018
Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest”) (Trading symbol HRH:TSX.V HLRTF:OTCQB) is pleased to announce that it has engaged San Diego Torrey Hills Capital, Inc. (“Torrey Hills Capital”), a Rancho Santa Fe, California based investor relations firm, to provide market awareness and investor relations services to the Company, subject to TSX Venture Exchange acceptance.
Torrey Hills Capital is a leading investor and financial public relations firm specializing in small and micro-cap companies. Torrey Hills Capital will increase awareness about Hillcrest through its established relationships with investment professionals, investment advisors, and money managers focused on the microcap market space. This will allow the Company to build and maintain an informed investor audience in both the U.S and Canadian marketplaces.
Torrey Hills Capital has been engaged for an initial term of 12 months at a rate of $3,000 in month one, $5,000 in month two, and $6,500 in month three and for all subsequent months. After the twelve months, the engagement will become month to month subject to a 30-day termination notice by either party after month three. In addition, Hillcrest has agreed to a one-time grant of 3 00,000 incentive stock options (the “Options”) exercisable at a price of $0.06 per share for a period of three years. The Options shall be subject to the terms of the Company’s stock option plan and will vest in accordance with the provisions therein and the policies of the TSX Venture Exchange.
Torrey Hills Capital currently has no direct or indirect interest in the securities of Hillcrest , or any right or intent to acquire such an interest except pursuant to the exercise of the above referenced Options.
The appointment of Torrey Hills Capital as an investor relations consultant of Hillcrest and the granting of the Options remain subject to regulatory acceptance of applicable filings with the TSX Venture Exchange.
About Torr ey Hills Capital
Torrey Hills Capital was formed in 1998 and is headquartered in Rancho Santa Fe, California. The team of professionals offers experience and expertise in investor relations, corporate communications, non-deal road shows, and market support activities. Torrey Hills Capital specializes in the development and marketing of emerging growth companies which trade in the United States (NYSE, AMEX, and OTC) and in Canada (TSX, TSX-V, and CSE). Marketing activities articulate key investment attributes, strategic direction, and financial expectations, which combine to ensure that client market value fully reflects past achievements and future opportunities. Further information is available at www.torreyhillscapital.com
For more information on Hillcrest Petroleum Ltd, contact Don Currie toll free at 1-855-609-0006 or visit the Company’s website at www.hillcrestpetroleum.com
ON BEHALF OF THE BOARD
Donald Currie
Chief Executive Officer and Director
Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
- Published in Hillcrest Petroleum
ATW Tech Announces an Increase in Its Revenues of $8.4m (249%) and Revenues of $11.8m for 2017
Momentum Public Relations
Press Release: April 11, 2018
ATW Tech (“AtmanCo” or the “Company”) (TSX-V:ATW) announces its financial results for its 4th quarter and its financial year ended December 31, 2017.
- The Company had revenues of $11.8m in 2017 compared to $3.4m in 2016, an increase of $8.4m or 249%.
- In Q4-2017, the Company had revenues totalling $3.3m compared to $2.6m in Q4-2016, an increase of $0.6m or 26% and compared to $2.7m for Q3-2017, a 22% increase.
- As of December 31, 2017, the Company’s order book was totalling $10.7m compared to $8.9m as of December 31, 2016, for an increase of $1.8m or 20%.
- Total assets increased from $7.3m to $8.1m between 2016 and 2017 for an increase of $0.8m or 11%.
- On October 1st, 2017, the Company closed the acquisition of VuduMobile Inc. (‘Vudu’) for a total purchase price of $589k.
The selected financial information below originates from our 2017 management report:
IN THOUSANDS OF $ | 3 months ended December 31, 2017 |
12 months ended December 31, 2017 |
3 months ended December 31, 2016 |
12 months ended December 31, 2016 |
||||
Consolidated statement of income | ||||||||
Revenues | 3,278 | 11,777 | 2,606 | 3,378 | ||||
Operating income (before depreciation/amortization) |
(81 | ) | (642 | ) | (43 | ) | (561 | ) |
« 2017 allowed us to consolidate the foundation of our growth plan and accelerate our development. Among other things, we finalized the integration of the business activities of VoxTel, completed the acquisition of the cutting-edge text messaging platform of Vudu, built of a solid salesforce aligned with our growth plan and launched many business opportunities in our core unified interactive communications and payment solutions while starting to reap some of those benefits in our 4th quarter of 2017. In the meantime, we continue to be actively involved to progress with our acquisition growth plan », said President and CEO of ATW Tech, Michel Guay.
The above data includes a summary of highlights. For further information, please consult the Corporation’s consolidated financial statement as well as the Management Report for the year ended December 31, 2017 at www.sedar.com
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements that reflect the Company’s current expectation regarding future events. There is a risk that expectations and forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on these forward-looking statements as they involve risks and uncertainties, which could make actual results differ materially from those projected herein and depend on a number of factors including, but not limited to, no history of profitability, future financing, intellectual property and patents, key personnel, competitive marketplace, technology obsolescence, share price volatility and other risks detailed from time to time in the Company’s filings. While ATW Tech anticipates that subsequent events and developments may cause its views to change, ATW Tech specifically disclaims any obligation to update these forward-looking statements, unless obligated to do so by applicable securities laws.
Additional information regarding the Company is available on SEDAR www.sedar.com. The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.
ABOUT ATW TECH
ATW Tech (‘AtmanCo’) (TSX-V:ATW) is a leader in information technology, owner of several web platforms including VoxTel, VuduMobile, Atman, Bloomed and Quebec Rencontres. VoxTel offers various interactive communication and landline and mobile carrier billing phone solutions. VuduMobile is specialized in the text messaging business for enterprises through its unique, user-friendly and bilingual test messaging application and turnkey solution allowing management of text message management programs in all kind of businesses. Atman and its APIs enable companies to optimize their human capital. Bloomed is a cloud-based platform to manage data (smart data) on consumers and their behaviors, which is developed for marketing agencies and their campaigns for the consumer and corporate markets. Quebec Rencontres is a web and mobile social network application catered to building serious and sustainable relationships.
SOURCE:
ATW TECH (AtmanCo) Michel Guay Founder, president and CEO Tel.: 514.935.5959 ext. 301 mguay@atwtech.com www.atwtech.com |
Simon Bédard, CA, CPA, CFA, MBA CFO Tel. : 514.935.5959 ext. 304 sbedard@atmanco.com |
- Published in ATWTECH
Tetra Bio-Pharma Announces the appointment of Gregory Drohan to its board of directors
Momentum Public Relations
Press Release: April 10 2018
Tetra Bio-Pharma Inc. (“Tetra” or the “Company“) (TSX VENTURE:TBP)(OTCQB:TBPMF), a global leader in cannabinoid-based drug development and discovery, announced today that it has appointed Gregory Drohan to its board of directors effective April 10, 2018.
The company will nominate Mr. Drohan for election at Tetra’s 2018 Annual Meeting of Shareholders.
Chairman André Rancourt welcomes Mr. Drohan to the board and comments, “We are pleased to welcome Greg as a new Independent director to the Tetra board. His extensive experience as a senior executive and marketer in the consumer products space will bring tremendous vision and skills to the execution and development of the Tetra Bio-Pharma growth strategy.”
“These are exciting times at Tetra and having Greg join us at this pivotal moment in the history of cannabis and its consumption is a tremendous win.” said Guy Chamberland, Interim CEO and CSO of Tetra Bio-Pharma.
“I am excited to be joining the board of Tetra and to be involved with a leading company in an industry that is shaping the future of health care. I can’t wait to put my experience to work alongside Guy and his team of professionals at Tetra,” added Greg Drohan.
Gregory Drohan’s committee appointments will be determined immediately following his election to the board at the 2018 Annual Meeting of Shareholders.
About Gregory Drohan
Until 2013, Greg Drohan was President of the board of Church and Dwight Canada Corp. While with Church and Dwight Canada, Drohan successfully merged the Church & Dwight and Carter-Horner businesses which lead to the doubling of sales revenue and achieved #1 market share on brands such as Trojans, Oxi Clean, First Response, Rub A535 and Arm & Hammer. Following his successful 40-year career in the consumer products sector Mr. Drohan has established a management consulting practice. His previous board experiences include President on the Board of Church and Dwight and director of the Ryerson University Alumni Relations Board. Drohan holds an MBA from York University and a BBM from Ryerson Polytechnical Institute.
About Tetra Bio-Pharma:
Tetra Bio-Pharma (TSX VENTURE:TBP)(OTCQB:TBPMF) is a biopharmaceutical leader in cannabinoid-based drug discovery and clinical development. Tetra is focusing on three core business pillars: clinical research, pharmaceutical promotion and retail commercialization of cannabinoid-based products.
More information at: www.tetrabiopharma.com
Source: Tetra Bio-Pharma
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, through its wholly-owned subsidiary, GrowPros MMP Inc., to obtain a license for the production of medical marijuana; failure to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, the success of the Company’s research strategies, the applicability of the discoveries made therein, the successful and timely completion and uncertainties related to the regulatory process, the timing of clinical trials, the timing and outcomes of regulatory or intellectual property decisions and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. While no definitive documentation has yet been signed by the parties and there is no certainty that such documentation will be signed The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.
Tetra Bio-Pharma Inc.
Dr. Anne-Sophie Courtois, DVM
Vice President, Marketing & Communications
anne-sophie.courtois@
(514) 360-8040 Ext. 210
For media information, please contact:
Daniel Granger
Daniel.granger@
ACJ Communication
O: 1 514 840 7990
M: 1 514 232 1556
- Published in Tetra Bio Pharma
Digital currency may have a limited lifespan but the launch of corporate coins or tokens and the blockchain technology behind it will be winners
Momentum Public Relations
Blog: April 10 2018
If you don’t keep up with the world there is a tendency to be left behind. That thought may come back to haunt those who are scorning the topsy-turvy world of cryptocurrency. Then again the naysayers may be right to scorn digital currencies.
In a CNBC interview aired on January 10, 2018, billionaire investor Warren Buffet, sometimes known as the Oracle of Omaha said that cryptocurrencies are headed for trouble.
“We’ll never have a position in them,” Buffett, chairman and CEO of Berkshire Hathaway, told CNBC’s “Squawk Box.” “I can say with almost certainty that they will come to a bad ending.”
Financial Post columnist Diane Francis sees investing in cryptocurrencies much like investing in Canadian Tire money and the biggest scandal since Bre-X.
Christine Lagarde, head of the International Monetary Fund, believes that unless cryptocurrencies are regulated they will become an oasis for money laundering and a method for financing terrorism.
Cryptocurrencies began life in 2010 when Bitcoins were launched as a digital currency independent of any regulatory agency. To say they have captured the imagination of investors is to understate the situation. According to Digital Trends there are 1,300 cryptocurrencies in existence. Among them are Dash, Ethereum, Einsteinium, Litecoin and Plasma. Some cryptocurrencies have turned out to be nothing more than frauds.
According to the CBC, Canadians lost C$1.7 million dollars to cryptocurrency fraud in 2017, double the amount lost in 2016. And then there are the cyberjackings that take place when cyberminers hijack your computer network and use it to mine bitcoins or some other cryptocurrency. In a Globe and Mail story, Troy Mursch was quoted as saying that up to 50,000 web sites had been taken over to mine cryptocurrencies. These included the websites of the Information and Privacy Commissioner of Ontario and a number of municipal websites.
None of this appears to have quenched investors’ thirst for what some see as a valueless security. On March 23, 2018, The Toronto Star ran a story announcing that the owners of the TSX, TMX Group, through its subsidiary, Shorcan Digital Currency Network, was launching a cryptocurrency brokerage service. The new service will focus on Bitcoins and Ethers.
While people like Diane Francis and Warren Buffet scorn and avoid cryptocurrencies, other believe its time may have come. On February 23, 2018, CNBC published a financial commentary by Julian Hosp called, Five Reasons 2018 could be the best year yet for cryptocurrenices. To be fair, Hosp, who is heavily invested in Bitcoins, has also written a commentary for CNBC called Four triggers could cause a cryptocurrency crash. Hosp knows about cryptocurrency. He cofounded TenX which provides debit cards that people can use to spend their cryptocurrency. TenX has also issued a large Initial Coin Offering or ICO.
ICOs are the way that digital currencies are launched. To say that digital currencies have blown a breath of fresh air through the investment community would be an understatement. In one way or another, individual companies are jumping on the bandwagon and finding ways to take advantage of the situation.
Digital currencies are driven by blockchain technology where separate nodes all store essential ledger information. In order for a transaction to go ahead, it has to be verified in all the nodes. The information is encrypted and there are only two keys. One key is held by the digital currency and one key is held by the individual currency owner. This makes the currency or process tamperproof and provides a secure payment network. The ability to provide a very secure payment network is perhaps the chief attraction of digital currency.
On January 11, 2018, ATWTech, (TSXV:ATW), announced that it had partnered with the Einsteinium Foundation, EMC2 to launch Einsteinium coins, a cryptocurrency. ATWTech is a carrier billing company that is heavily invested in interactive communication. It provides telephone voting services for television shows and texting services that provide appointment alerts to consumers for the Quebec Ministry of Health, among other activities.
In order to diversify its payment options, Voxtel, a subsidiary of ATW Tech, plans to implement EMC2 cryptocurrency in all its platforms such as mobile donations, social communities, messaging, gaming and voice services. The Einsteinium cryptocurrency may as yet, be the only cryptocurrency with an altruistic bent. Its objective is to fund scientific research, advanced IT research and advance cryptocurrency projects.
One of the most interesting developments that digital currency has produced may be its use as a way to finance corporate development. Canadian Oil and Gas junior Hillcrest Petroleum (TSXV: HRH), announced in late January that it has signed an agreement with Entoro Capital to establish a digital Initial Coin Offering, ICO. The Hillcrest digital currency would be based on future revenue from its oil and gas business.
Hillcrest believes that launching an asset backed digital currency could provide it with substantial development funding and open the doors to a broader swath of investors.
As Hillcrest CEO Don Currie said in the press release announcing the decision, “The investment community has been extremely supportive of alternate currencies and Hillcrest looks forward to participating in this new and rapidly evolving investment process.
If the Bitcoin bubble does break, chances are that digital currencies will survive as an alternative financing mechanism when they are backed by real assets, as is the case with Hillcrest.
Relevium Technologies, (TSXV:RLV), a wellness and health care products aggregator, sees a slightly different angle in digital currencies. While it too is contemplating launching an ICO, it appears much more keen to use the blockchain technology that keeps digital currency transactions secure to ensure the security of its online transactions.
Whether or not cryptocurrencies are fated to fall as quickly as they rose is a moot point. On the surface investing in Bitcoins and the like does seem to be an advanced case of the Emperor’s new clothes.
Corporate tokens or coins, on the other hand, may very well have a long life because they are asset based, offer a new financing method for junior companies and in the end may very well prove to be the new form of company shares, with the advantage that you won’t have to go through a stock exchange to purchase or sell them.
Given that cryptocurrencies are havens for fraud and money laundering, that the bubble may or may not burst at any moment, the wise investor may see corporate tokens and blockchain technology companies as the best safe investments in the digital currency environment.
Check out our recent post, A Bitcoin Primer
- Published in Blog
Corex Gold and Minera Alamos Join Forces to Build Major Latin American Gold Company
Momentum Public Relations
Press Release: April 9, 2018
MomentumPR’s client, Corex Gold, is listed on the TSX Venture exchange under the symbol: CGE. Following the transaction closing the Company will trade under the ticker symbol: MAI.
Momentum PR is pleased to have produced an informative and comprehensive report on Corex Gold, available here – Corex Gold Corporation Report.
Corex Gold Merger Highlights
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Corex merges with Minera Alamos to form Latin American Gold Rollup Company
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Merged company backed by Osisko Gold Royalties
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Gold Production targeted at 150,000 ounces annually within three-four years
Corex Gold, (TSXV: CGE) (OTCQB: CGEKF) is about to merge with Minera Alamos, (TSXV: MAI). Together the two companies will have a market cap in the C$45 million range and three gold properties under development.
Corex’s flagship project, Santana, will be the first out of the gate and into commercial production with an estimated 25,000 to 35,000 ounces of gold annually. Revenues generated from Santana will be used to put two Minera Alamos properties, La Fortuna and Guadelupe dos Reyes into production.
The merged company will have an important advantage in that it is being backed by Osisko Gold Royalties Ltd, (TSX: OR). On May 30, 2017 Osisko bought 19.9% of Minera Alamos as part of a royalty stream agreement.
On February 16, 2018, Osisko issued an early warning announcement that it had bought the 16.12% of Corex shares previously held by Minera Alamos. As a result, Osisko will hold between 17-18% of the merged company.
Corex CEO Doug Ramshaw, “Osisko is known to be one of the more preeminent and aggressive royalty companies. If you are going to build a portfolio of development projects that you want to put into production having a partner that will assist in your funding through royalties is not a bad thing.”
Corporate strategy going forward is to put the three wholly owned assets, Santana, Fortuna and Guadelupe into production. Then they will find opportunities to leverage their technical expertise and corporate backing to acquire and put in production low-cost heap leachable projects that are too small, from a production point for the big companies to be interested but which can be profitably processed by heap leaching.
With the right grade, as Ramshaw points out, heap leaching gold will still be profitable if the price of gold falls back because it is the low-cost production technique.
Momentum PR is pleased to have produced an informative and comprehensive report on Corex Gold, available here – Corex Gold Corporation Report.
If you would like more information on Corex Gold; listed on the TSX Venture exchange under the symbol: CGE. Following the transaction closing the Company will trade under the ticker symbol: MAI.
Momentum PR
Jonathan Williams, Managing Director
+1.450.332.6939
media@momentumpr.com
info@momentumpr.com
https://momentumpr.com/
About Momentum PR
Momentum PR is a cutting-edge public and investor relations consulting agency, representing companies within the Canadian investment community.
Since 2009, Momentum PR has been servicing small and mid-cap Canadian-listed public companies, seeking to increase their exposure across North America. The focus at Momentum PR is on building and driving brand awareness. Momentum PR cultivates new audiences in the media and investment communities by proactively engaging interested parties on behalf of client companies, through online and offline channels.
Disclaimer:
All editorial content contained herein is solely the responsibility of Momentum PR and does not reflect, in any way, the opinions of TheNewswire.ca Inc., its partner newswires and / or associated news services.”
- Published in Corex Gold
Pacton Gold to Acquire Significant Strategic Portfolio of Gold Properties in Western Australia’s Pilbara Mining Region
Momentum Public Relations
Press Release: April 5 2018
Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the ” Company ” or ” Pacton “) is pleased to announce that it has entered into a letter of intent (” LOI “), whereby it can earn up to an 80% ownership interest in Arrow (Pilbara) Pty Ltd (” Arrow Pilbara “), an Australian proprietary limited exploration company wholly owned by Arrow Minerals Limited (ASX:AMD) (” Arrow “). Arrow Pilbara holds two granted tenement licences and two applications for licences, comprising of a total of 609 km 2 (the ” Property “). The large Property is situated in the eastern portion of the currently defined part of Western Australia’s Pilbara gold play that is characterized by thick gold nugget-bearing conglomerate beds of the Archean age Mallina Basin.
1. Highlights of the Transaction:
- – Strategic land holdings totaling 609 km 2 , with recent discovery of gold nuggets from outcropping conglomerates. Nuggets 5 to 10 mm in size have been discovered on the Property.
- – Seven conglomerate gold targets have been identified with characteristic radiometric anomalies ;
– Directly adjacent and proximal to key exploration properties controlled by Novo Resources Corp., De Grey Mining Ltd., and Kairos Minerals Ltd.;
– Gold anomalies identified along structures which host gold mineralization on adjacent properties.
Arrow Minerals Team: Access to the extensive regional knowledge and technical expertise provided by the Arrow Technical team.
Alec Pismiris, Interim President and CEO of Pacton Gold stated, ” We are pleased to be able to partner with the Arrow Minerals team, who have been able to assemble a significant portfolio of advanced gold projects with excellent prospectivity that will provide key exploration and discovery upside for the shareholders of Pacton. Pacton’s Pilbara gold project is fast becoming one of the most significant in the Pilbara region. ”
For location map of the Property, please see: http://www.pactongold.com/Pacton-Location-Map.jpg .
2. Pilbara Gold Project and its Prospectivity
The Property comprises two exploration licences and two exploration licence applications covering 609 km 2 of ground prospective for conglomerate-hosted gold in the Pilbara region of Western Australia (refer to location map). The licences cover various parts of the prospective contact between the older Pilbara granite-greenstone terrain and the overlying Fortescue Group rocks in the East Pilbara region, including areas close to and adjoining licences held by Novo Resources Corp. (refer to location map).
Arrow confirms that prospectors have recently uncovered several gold nuggets in conglomerate units in the Mallina Basin on exploration license E47/3476. Geological and prospecting information on the Property has been provided by Arrow, which the Company has reviewed and believes to be reliable.
In addition to the gold nuggets found during the short prospecting trip, there is considerable evidence of previous prospector activity throughout the tenement. The short prospecting programme was completed on exploration licence E47/3476. Arrow completed targeting exercise over E47/3476 (north) and E47/3478 (south), highlighting nine (9) conglomerate or basement gold targets.
Arrow has reprocessed available radiometric surveys, highlighting seven (7) conglomerate gold targets with radiometric anomalies over mapped conglomerates and meta-sediments of the Mallina Basin. (see Figure 3 below and the Company website www.pactongold.com ).
Historical surface geochemistry data was also reviewed as part of the initial targeting exercise with three (3) of the radiometric anomalies having coincident elevated gold in streams, and gold in soil samples, confirming the prospectivity of the tenements. The remaining four (4) conglomerate gold targets have not had any previous exploration, and are prioritized for exploration.
The two basement gold targets are located along significant shear structures splaying off the Mallina Shear, which hosts De Grey Mining Limited’s (De Grey) (ASX: DEG) Indee Gold Project, and the Blue Moon Prospect and associated nuggets, which was recently acquired by De Grey (see Figure 4 below and the Company website). Target 1 is a gold anomaly situated along splay faults off the Mallina and Wohler Shears. Target 2 is located along the same structure as the Blue Moon Prospect and is also a coincident radiometric anomaly within conglomeratic sediments. Arrow completed a review of its recently acquired tenements (E45/5042 and E45/5043), which cover the prospective Mallina Basin, and the Tabba Tabba Shear adjacent to the Cooke’s Hill gold mine.
Pacton’s initial exploration program for the Property is expected to include rock chipping, stream sediment and soil sampling over all nine (9) gold targets.
LOI Terms
Under the terms of the LOI, which will be formalized by a definitive agreement among the parties, the Company can earn a 51% ownership interest in Arrow Pilbara by paying Arrow a total of $500,000 and issuing to Arrow common shares valued at $250,000. The Company has the option to earn a further 29% ownership interest in Arrow Pilbara by issuing to Arrow common shares valued at $250,000 and incurring $500,000 in exploration expenditures on the Property within one year of all exploration licences being granted.
(b.a) From the date Pacton earns a 51% interest in Arrow Pilbara, the parties intend to operate Arrow Pilbara as an incorporated joint venture company to hold the Property and to carry on mineral exploration and development activities on the Property (and any other tenement interests that Arrow Pilbara may acquire) with a focus on gold exploration. Pacton and Arrow will enter into a shareholders’ agreement to govern their joint ownership of Arrow Pilbara, and their respective rights and obligations as shareholders of Arrow Pilbara.
Once Pacton has earned an 80% in Arrow Pilbara, Arrow will be free-carried until $5,000,000 of exploration expenditures have been incurred on the Property.
Arrow will retain all rights to explore for, mine and extract lithium, caesium and tantalum from the Property.
A finder’s fee will be paid to COMVERJ Pty Ltd in respect of the transaction pursuant to the policies of the TSX Venture Exchange.
All monetary figures herein are in Canadian currency.
3. This transaction is subject to the approval of the TSX Venture Exchange.
4. About Pacton Gold
Pacton Gold Inc. (TSXV: PAC) is a Canadian junior exploration company focused on acquiring, exploring and advancing mineral assets in key mining friendly locations globally.
The technical content of this news release has been reviewed and approved Peter Caldbick, P.Geo., a director of the Company and a Qualified Person pursuant to National Instrument 43-101 .
5. On Behalf of the Board of Pacton Gold Inc.
Alec Pismiris
Interim President & CEO
6. For more information, please contact 1-(855)-584-0258 or dom@pactongold.com .
This news release may contain or refer to forward-looking information based on current expectations, including, but not limited to the Company acquiring an interest in Arrow Pilbara and completion of the proposed transaction described herein, the prospect of the Company achieving success in exploring the Property and the impact on the Company of these events, including the effect on the share prices. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances .
- Published in Pacton Gold Inc.