Silver Spruce Grieves the Passing of Gordon H. Barnhill, CFO
Momentum Public Relations
Press Releases: September 4th, 2019
Silver Spruce Resources Inc. (“Silver Spruce” or the “Company”) is deeply saddened by the passing of its longtime friend, collegue and CFO, Gordon Harold Barnhill. He passed away peacefully in the Halifax Infirmary, QEII, Halifax on August 28, 2019 at the age of 77. Gordon was dedicated to to his family and to professional excellence. He will be greatly missed. The Company extends its deepest condolences to his family and friends for our collective loss.
Gordon began his financial career with Trans Canada Credit and then worked for the Royal Bank for 28 years in both Nova Scotia and New Brunswick until his retirement. Not one to stand still too long, he then become the Chief Financial Officer for Silver Spruce Resources Inc. and continued working there until the time of his death. Gordon served on the board of directors for Big Brothers and Big Sisters Nova Scotia for several years. He was an avid salmon fisherman and hunter and has left behind many happy memories of salmon fishing on St. Mary’s River.
A funeral service will be held at 1 p.m. on Saturday, August 31st, in Bridgewater Baptist Church, 564 Glen Allan Dr., Bridgewater, Rev. Dr. Aaron Kenny officiating. Memorial donations, in lieu of flowers may be made to organizations close to Gordon’s heart; Big Brothers Big Sisters Canada and St. Mary’s River Association. Online condolences may be made by visiting: www.sweenysfuneralhome.com.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a Canadian junior exploration company pursuing development of the Pino de Plata project, located in the prolific Sierra Madre Occidental region of western Chihuahua State in Mexico. The Company has signed a binding Letter of Agreement to acquire 100% of the advanced Cocula gold project in Jalisco State, Mexico. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.
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. The company seeks Safe Harbour.
Contact:
Silver Spruce Resources Inc.
Karl Boltz, President/CEO/Director
(866) 641-3397
info@silverspruceresources.com
www.silverspruceresources.com
- Published in Silver Spruce Resources
Arctic Star Receives Compelling Results from Ground Geophysical Surveys at the Stein Diamond Project
Momentum Public Relations
Press Release: August 27, 2019
Arctic Star Exploration Corp. (TSXV: ADD) (FSE: 82A1) (WKN: A2DFY5) (“Arctic Star” or the “Company”) is pleased to announce it has completed the ground geophysical survey program on the Stein diamond project, Nunavut. GGL Resources Corp. has the Option to earn a 60% undivided interest in Arctic Star Exploration Corp.’s (“Arctic Star”) wholly-owned Stein diamond project by discovering in-situ kimberlite. The Stein diamond property (“Stein”) consists of 4 contiguous prospecting permits covering an area of 1,065 square kilometers on the Southern Boothia Peninsula, 45 kilometers from tide water. It is located 85 kilometers northwest of the community of Taloyoak, Nunavut which is serviced daily by commercial flights and seasonally by barge.
The Company’s detailed ground magnetic survey program has delineated a number of very compelling targets that are consistent with magnetic signatures over known kimberlites which have intruded through Cambrian-Devonian age Arctic Platform carbonate rocks at parallel latitudes elsewhere in Canada’s north. Similar geology is found on the Stein project.
A broad range of kimberlite like signatures were defined during the surveys which further bolsters the possibility of Stein delivering a new kimberlite field. Many known kimberlite fields exhibit a variety of magnetic responses which represent kimberlites intruding under varied circumstances and conditions. These signatures range from isolated magnetic highs to strong dipolar features to elongate dyke-like responses. The Stein project has delivered all three of these emplacement style signatures including a large isolated magnetic high approximately 200 meters in diameter, multiple strong, discrete dipolar signatures as well as an elongate dyke-like signature over 800 meters in length. Maps showing several examples of priority targets at Stein along with magnetic signatures from known kimberlites in comparable host rocks at parallel latitudes are available at www.gglresourcescorp.com/projects/stein.
The high priority geophysical targets are interpreted to be intrusive in nature, occurring at the surface and covered by a sequence of glacial till. Although magnetic signatures of known kimberlites are not indicative of diamond content, the potential of the Stein cluster of high interest targets is further reinforced by heavy mineral samples collected down ice which contain indicator mineral grains that are indicative of diamond inclusion chemistry showing high chrome, low calcium G10D pyrope garnets.
Stein is a permitted, advanced diamond exploration project having the benefit of numerous successive exploration campaigns and over $1.5 million in previous expenditures. Drill testing has not been conducted on the project to date. The nearest known kimberlite discovery to Stein is over 230 kilometers to the southeast and perpendicular to the regional ice flow direction. The distance and direction greatly reduce the potential of the Stein mineral grains being an overprint from this field.
GGL will continue with further modeling and target prioritization in preparation for future drilling as the Stein project has now been further de-risked and brought to the drill ready stage.
The technical data in this news release has been reviewed and approved by Buddy Doyle, a diamond geologist with over 30 years of experience, a Qualified Person under the provisions of National Instrument 43-101.
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.
Patrick Power, CEO, President
+1 (604) 218-8772
ppower@arcticstar.ca
- Published in Arctic Star Exploration, Mining, News Home
Canada Cobalt Issues Reminder Regarding Upcoming Expiration of Dividend Warrants
Momentum Public Relations
Press Release: August 26, 2019
Canada Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the “Company” or “Canada Cobalt”) today issued a reminder to Dividend Warrant Holders that received Dividend Warrants to purchase common shares of the Company, dated February 25, 2019 at an exercise price of $0.10 per share, are set to expire on Sunday, September 15, 2019. As the expiration date is not a trading day on the TSX Venture Exchange, the Dividend Warrants will be exercisable until 4:00 pm Pacific time on Monday, September 16, 2019. Warrants not exercised prior to September 16, 2019 will expire.
The Dividend Warrants were issued as part of Granada Gold Mine Inc.’s unit dividend payment to its shareholders. Details of the dividend payment are described in Granada’s news releases dated Granadanews release Feb. 5, 2019 and Granada news release Feb. 11, 2019.
In order to exercise the Dividend Warrants, Warrant Holders are requested to deliver, (i) the physical warrant certificate representing the Warrants to be exercised, (ii) duly completed exercise form (located on the back of the warrant certificate) and (iii) aggregate funds by way of certified cheque, bank draft or money order in Canadian Dollars, payable to Canada Cobalt Works Inc. and delivered to the Company’s transfer agent, Computershare Trust Company of Canada, 3rd Floor, 510 Burrard Street, Vancouver, BC, V6C 3B9, Attention: Yasmin Ali. Computershare acts as Warrant Agent for the Dividend Warrants on behalf of the Company. If the Warrant Holder is a US resident, additional documents are required to be submitted. Please contact the Company’s Corporate Secretary, Tina Whyte at tina.whyte1@gmail.com in order to request the additional documentation that is required to exercise the Dividend Warrants.
About Canada Cobalt Works Inc.
Canada Cobalt is focused on immediate and longer-term value drivers at its past producing Castle mine and adjoining land package in the historic Northern Ontario Silver-Cobalt district, Canada’s cobalt heartland since the start of the electric vehicle revolution. The Canada Cobalt “advantage” includes underground access at Castle, an innovative tailings program with a plan to recover silver, gold and cobalt, a recently installed pilot plant to produce gravity concentrates on site, a proprietary hydrometallurgical process known as Re-2OX, and exciting exploration discovery potential at Castle East.
- Published in Canada Cobalt Works, Mining, News Home
Canada Cobalt Arranges $500,000 Private Placement
Momentum Public Relations
Press Release: August 23, 2019
Canada Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the “Company” or “Canada Cobalt”) is pleased to announce that the Company has arranged a non-brokered hard dollar private placement with strategic investors to raise gross proceeds of $500,000 at 30 cents per unit.
Proceeds of the financing, expected to close shortly, will go toward the start of a Phase 2 underground drill program commencing in September, surface site preparation/development for other initiatives, regional exploration, Re-2OX and general working capital purposes.
Each unit of the private placement (1,666,667 units) comprises one share and one share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.50 per share for a period of two years from closing, subject to TSX Venture Exchange approval. Finders’ fees may be paid in connection with the private placement, subject to Exchange policies and approval.
All securities issued in connection with the private placement are subject to a four-month and a day hold period in accordance with applicable securities laws.
About Canada Cobalt Works Inc.
Canada Cobalt has 100% ownership of the Castle mine and the 78 sq. km Castle Property with strong exploration upside in the prolific past producing Gowganda high-grade Silver Camp of Northern Ontario. With underground access at Castle, a pilot plant to produce cobalt-rich gravity concentrates on site, and a proprietary hydrometallurgical process known as Re-2OX for the creation of technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations, Canada Cobalt is strategically positioned to become a vertically integrated North American leader in cobalt extraction and recovery while it also exploits a powerful new silver-gold market cycle.
“Frank J. Basa”
Frank J. Basa, P. Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE Canada Cobalt Works Inc.
View original content: http://www.newswire.ca/en/releases/archive/August2019/23/c6798.html
Contact:
Frank J. Basa, P.Eng., President and CEO, 1-416-625-2342; Marc Bamber, Director, mb@buffaloassociates.com, +44-7725-960939
- Published in Canada Cobalt Works, Mining, News Home
Bluestone Drilling Delivers 13.7 meters grading 11.2 g/t Au & 78 g/t Ag (13.1 meters true width)
Momentum Public Relations
Press Releases: August 21, 2019
Bluestone Resources Inc. (TSXV: BSR) (OTCQB: BBSRF) (“Bluestone” or the “Company”) is pleased to announce additional high-grade drill assays from its ongoing infill resource conversion program at its Cerro Blanco Gold project.
The focus of the current drill program is the conversion of Inferred Resources within key veins in the upper part of the Cerro Blanco ore body and vein extensions outside of the current resource. The Cerro Blanco Feasibility Study (see press release January 29, 2019) highlighted 357,000 ounces of Inferred Resources (1.4 Mt grading 8.1 g/t Au) that could be potentially converted to Measured and Indicated Resources through infill drilling.
Darren Klinck, President and CEO commented, “We are pleased with the continued success of the infill drill program in the North Zone of the deposit which has been a focus for us the last six months. We expect to put out an updated resource later this year reflecting the additional information generated from the drilling in the North Zone. As well, with the positive impact this program will ultimately have on adding value to the Cerro Blanco project, we are continuing to drill, shifting our focus to the South Zone for the next several months.”
Highlights from initial results in the South Zone, include hole UGCB19-147 which was drilled at minus 15 degrees to the north in the South Zone underground workings and intercepted a total of seven sub-parallel sheeted veins, including Vein VS_06 which assayed 11.2 g/t Au and 78 g/t Ag over 13.7 meters.
Table 1. Significant Intercepts – North and South Zones (this Press Release)
HOLE ID | FROM (m) | TO (m) | CORE INTERVAL (m) | TRUE WIDTH (m) | Au g/t | Ag g/t | Vein ID | ||
UGCB19-147 | 11.0 | 11.8 | 0.9 | 0.9 | 19.5 | 41 | VS_15 | ||
18.5 | 20.6 | 2.1 | 2.0 | 16.3 | 42 | VS_14 | |||
37.0 | 37.9 | 1.0 | 1.0 | 7.5 | 8 | VS_10 | |||
47.3 | 50.0 | 2.7 | 2.5 | 11.8 | 40 | VS_08 | |||
57.0 | 57.9 | 0.9 | 0.9 | 21.5 | 44 | VS_07 | |||
62.8 | 76.5 | 13.7 | 13.1 | 11.2 | 78 | VS_06 | |||
Inc | 62.8 | 68.7 | 6.0 | 5.8 | 21.2 | 138 | |||
81.3 | 92.1 | 10.7 | 10.3 | 4.0 | 23 | VS_05 | |||
UGCB19-148 | 8.6 | 9.6 | 1.0 | 1.0 | 19.7 | 17 | VN_28 New | ||
38.4 | 46.9 | 8.5 | 8.5 | 8.6 | 46 | VN_02, 03, 05 | |||
61.4 | 61.9 | 0.5 | 0.5 | 5.1 | 61 | VN_06 | |||
77.7 | 78.7 | 1.0 | 1.0 | 4.8 | 37 | VN_09 | |||
UGCB19-149 | 143.2 | 144.7 | 1.5 | 1.5 | 6.6 | 28 | – | ||
UGCB19-150 | 9.8 | 10.8 | 1.0 | 1.0 | 11.8 | 13 | – | ||
19.7 | 20.7 | 1.0 | 1.0 | 40.6 | 34 | VN_27_New | |||
35.9 | 37.2 | 1.3 | 1.2 | 6.7 | 7 | VN_28 New | |||
88.8 | 93.2 | 4.4 | 4.1 | 21.7 | 43 | VN_02, 03, 05 | |||
UGCB19-151 | 13.3 | 14.3 | 1.0 | 1.0 | 3.9 | 8 | VN_18 | ||
100.5 | 101.3 | 0.7 | 0.7 | 9.1 | 34 | VN_02 | |||
UGCB19-152 | 11.5 | 12.5 | 1.0 | 1.0 | 6.3 | 7 | – | ||
24.1 | 25.1 | 1.0 | 0.9 | 25.6 | 47 | VN_27_New | |||
39.6 | 41.9 | 2.3 | 2.1 | 49.2 | 42 | VN_28 New | |||
102.3 | 103.9 | 1.6 | 1.4 | 35.7 | 40 | VN_03, 05 | |||
CB19-411 | 131.0 | 132.0 | 1.0 | 1.0 | 10.0 | 22 | VN_30 New | ||
142.8 | 143.9 | 1.1 | 1.1 | 6.7 | 9 | – | |||
148.7 | 152.4 | 3.6 | 3.2 | 7.4 | 9 | VN_16 | |||
157.7 | 160.8 | 3.1 | 2.9 | 4.6 | 7 | VN_15 | |||
170.3 | 172.5 | 2.2 | 2.0 | 6.5 | 5 | VN_14 | |||
215.9 | 225.4 | 9.5 | 9.1 | 7.2 | 16 | VN_11 | |||
228.3 | 232.4 | 4.1 | 4.0 | 13.0 | 9 | VN_10 | |||
240.4 | 241.4 | 1.0 | 1.0 | 6.2 | 4 | VN_09 |
Notes: Intervals in bold are cited in the text of the press release. Only intercepts averaging over 3 g/t Au when diluted to a minimum 3 meters true width are stated. Hole coordinates and azimuth/dip information accompany the plan view attached to this release.
Holes UGCB19-145 and UGCB19-146 were drilled steeply upwards and designed to test for extensions of veins VN_01, 02, and 05 within the upper Salinas conglomerates/sinter zone. No significant intercepts were drilled, only narrow, low-grade veins, in line with the current model that the veins diminish within this upper silicified unit.
Holes UGCB19-148 to UGCB19-152 are a series of holes drilled at horizontal to positive angles (upwards) from 4 individual platforms in the North Zone underground workings and intercepted targeted veins including 4.4 meters at 21.7 g/t Au and 2.3 meters at 49.2 g/t Au in UGCB19-150 and UGCB19-152, respectively.
Hole CB19-411 drilled from surface successfully intercepted all targeted veins including 9.5 meters (9.1 meters true width) grading 7.2 g/t Au and 16 g/t Ag (Vein VN_11). Of note, Vein VN_10, which assayed 4 meters grading 13 g/t Au, was extended approximately 75 meters down-dip of its exposure in the North Zone underground workings.
A plan showing drill hole locations can be accessed by clicking HERE.
Precious metal mineralization at Cerro Blanco is associated with classic low sulphidation adularia-sericite epithermal quartz veins and vein swarms hosted in altered sequence of volcanoclastic and sedimentary rocks. Higher grades (>20 g/t Au and >60 g/t Ag) are associated with visible gold and silver sulphides in ginguro-style colloform-banded veins.
Quality Analysis and Quality Control
Assay results listed within this release were performed by Inspectorate Laboratories (“Inspectorate”), a division of Bureau Veritas, which are ISO 17025 accredited laboratories. Logging and sampling are undertaken on site at Cerro Blanco by Company personnel under a QA/QC protocol developed by Bluestone. Samples are transported in security-sealed bags to Inspectorate, Guatemala City, Guatemala, for sample preparation. Sample pulps are shipped to Inspectorate Laboratories in Vancouver, BC, Canada or Reno, NV, USA, and assayed using industry-standard assay techniques for gold and silver. Gold and silver were analyzed by a 30-gram charge with atomic absorption and/or gravimetric finish for values exceeding 5 g/t Au and 100 g/t Ag. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material, and replicate samples. Quality control is further assured by Bluestone’s QA/QC program, which involves the insertion of blind certified reference materials (standards) and field duplicates into the sample stream to independently assess analytical precision and accuracy of each batch of samples as they are received from the laboratory. A selection of samples is submitted to ALS Chemex Laboratories in Vancouver for check analysis and additional quality control.
Qualified Person
David Cass, P.Geo., Vice President Exploration, is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 and has reviewed and verified that the technical information set out above in this news release is accurate and therefore approves this written disclosure of the technical information.
About Bluestone Resources
Bluestone Resources is a mineral exploration and development company that is focused on advancing its 100%-owned Cerro Blanco Gold and Mita Geothermal projects located in Guatemala. A Feasibility Study on Cerro Blanco returned robust economics with a quick pay back. The average annual production is projected to be 146,000 ounces per year over the first three years of production with all-in sustaining costs of $579/oz (as defined per World Gold Council guidelines, less corporate general and administration costs). The Company trades under the symbol “BSR” on the TSX Venture Exchange and “BBSRF” on the OTCQB.
On Behalf of Bluestone Resources Inc.
“Darren Klinck”
Darren Klinck | President, Chief Executive Officer & Director
For further information, please contact:
Bluestone Resources Inc.
Stephen Williams | VP Corporate Development & Investor Relations
Phone: +1 604 646 4534
info@bluestoneresources.ca
www.bluestoneresources.ca
- Published in Bluestone Resources, Mining, News Home
EXMceuticals Inc. appoints cannabis industry leader Tripp Keber as Strategic Advisor to the Board
Momentum Public Relations
Press Release: August 20, 2019
EXMceuticals Inc. (CSE: EXM) (FSE: A2PAW2) (the “Company” or “EXM”), a cultivator and producer of high-grade cannabis extracted ingredients, for the pharmaceutical, nutraceutical, therapeutical and cosmetic industries, is proud to announce it has appointed Tripp Keber to the new role of Strategic Advisor to the Board, effective immediately.
Mr. Keber will work closely with the Board of Directors and existing executive management team to assist with the future development of the company, bringing his significant professional experience and connectivity totalling more than a decade within the industrial cannabis, cannabinoid ingredients and hemp industries.
Prior to joining EXM, he was the co-founder and former CEO of Dixie Brands, Inc., a premium cannabis infused product company. Dixie is known worldwide for its namesake cannabis-infused beverages, Dixie Elixirs, Aceso and Therabis, Dixie’s human and pet CBD wellness brand platforms respectively, as well as hundreds of other cannabis products.
Mr. Keber has also served as a Director for several cannabis industry organizations, including the National Cannabis Industry Association, the Marijuana Policy Project, and the National Association of Cannabis Businesses. He has also held many senior and C-level positions in realty, communications and other industries.
“Tripp is widely considered one of the most prominent and well-known business leaders in the cannabis industry and is recognized as an established branding expert in the medical cannabis spaces. We are thrilled to announce he will be joining the EXM team,” said Jonathan Summers, Chairman of EXM and adds: “In his role as Strategic Advisor to the Board, Tripp will assist with the development of EXM’s overall strategy, help to grow our strong R&D activities, contribute to cultivate relationships to enhance our market footprint, the development of EXM’s products, as well as coordinate our go to market strategy. Tripp already has a strong track record of actually delivering results and should set EXM apart from the significant number of CPG companies that are trying to build CBD businesses and wellness brands; whereas.”
Tripp Keber added, “I have spent the past two years evaluating companies across the globe that have a unique and compelling business plan as well as strong management team to back it up. EXM represents a ‘best of breed’ player in the industrial cannabinoid ingredients and hemp space and I am incredibly honoured to have the privilege of advising the Board.”
“Cultivators, processors and product manufacturers will only survive in what is becoming a highly competitive global market if they can scale operations significantly as well as innovate. Cost efficiency and strong R&D initiatives will be key. In my opinion EXM will not only survive but could be a dominant player in the market,” he went on to say.
ON BEHALF OF THE BOARD OF DIRECTORS OF EXMCEUTICALS INC.
Michel Passebon, Chief Executive Officer and Director
FOR FURTHER INFORMATION CONTACT
Investor Relations
Email: investors@exmceuticals.com
Media Enquiries:
Email: media@exmceuticals.com
Europe – Jane Glover: +44 (0) 203 757 4990
North America – Mélanie Guillemette: +1 819 668 2734
FOR MORE UPDATES ON THE COMPANY
Follow us on Twitter: https://twitter.com/EXMceuticalsFollow us on LinkedIn: https://www.linkedin.com/company/exmceuticals/
ABOUT EXMCEUTICALS
EXM’s activities are focused on the sustainable cultivation of cannabis and hemp, and the production of high-grade ingredients for the pharmaceutical, therapeutical, nutraceutical and cosmetic industries. The Company proposes to sell the produced ingredients to international markets.
Through its subsidiary, Prime Ranchers Limited, EXM is able to cultivate and process cannabis in Uganda at an industrial scale. The Uganda processing facilities are installed and will produce and export pharmaceutical, therapeutical, nutraceutical and cosmetic grade cannabis ingredients.
EXM owns a provisional license in Malawi enabling the cultivation of 50Ha of Cannabis and is in the process of obtaining a full license, in partnership with a large local agro producer. Please see previous press releases for more detailed information on EXM Malawi activities.
EXM, through its subsidiary and in-country partner, holds the rights to a cannabis license in the Kuba Kingdom, Mweka, Kasai Province, Democratic Republic of Congo, and the rights to a land concession for the cultivation of cannabis and hemp, and processing and export of high-grade cannabis extracted ingredients.
EXM has also submitted applications and undertaken negotiations with local governments and partners in Ethiopia, Zambia, Eswatini and Burundi, in order to obtain licences to permit the cultivation of cannabis and hemp, as well as the processing, transformation and export of psychotropic and non-psychotropic cannabinoid ingredients. In Ethiopia, EXM is in its final stage of negotiation with the government for an agro-industrial park, of 4,000 hectares (9,880 acres) encompassing a free trade zone, for which EXM has already obtain land rights over 2,000 hectares (4,940 acres) in the Amhara region.
- Published in Cannabis, CBD, EXMceuticals, Marijuana, News Home
Nelligan Project Among the Finalists for the “Discovery of the Year” Award at the XPLOR 2019 Convention
Momentum Public Relations
Press Release: August 20, 2019
Vanstar Mining Resources Inc. («Vanstar») is very pleased to announce that the Nelligan project, an Earn-In Agreement between IAMGOLD Corporation (“IAMGOLD”) : 51% and Vanstar : 49%, is among the three finalists for the AEMQ “Discovery of the year” award. The name of the award winner will be announced on Wednesday, October 23, during the Awards Gala that will take place in the Queen Elizabeth Hotel, in Montreal.
Furthermore, on October 23, during the XPLOR 2019 convention, a conference called “Nelligan Project :a wide gold-bearing system hosted in a detritical sedimentary sequence – An important discovery for the Chapais-Chibougamau mining district” will be given by IAMGOLD. In addition, IAMGOLD will hold a booth presenting technical information related to the Nelligan project and some samples of rock from the different gold zones identified by the exploration work.
Our partner will also have a space at the Core Shack section to expose different sections of drill holes to show the entire stratigraphy and alterations typical of the Renard zone.
Mr. Guy Morissette, President, states: ” We are honored that the Nelligan Project is among the finalists for the Discovery of the Year Award. This is a project that we believe deserves to be recognized as a major Canadian gold project.”
The Nelligan project, located in the Chapais-Chibougameau region, comprises 158 cells with an area of 8,216 hectares. The main known indexes on this project are Renard, Liam, Dan and 36 occupy an area of just 4% (6 mining cells) of the entire property. The Liam and Dan gold zones, discovered by Vanstar during the 2013 and 2014 drilling campaigns, were followed by the discovery of the Renard by our partner IAMGOLD in 2016.
IAMGOLD is expected to provide an initial resource estimate for the NI 43-101 compliant Renard Zone in the second half of 2019.
AMENDMENT TO THE STOCK OPTION PLAN
The management of Vanstar Mining Resources Inc. also wishes to report that pursuant to the disinterested shareholders’ approval at the annual shareholders meeting, the TSX Venture Exchange approved the amended Stock Option Plan, which resulted in the increase of the maximum number of issuable options from 7,600,000 to 9,552,665.
- Published in Mining, News Home, Vanstar Mining
Mondias Naturals Announces the Appointment of Dr. Patrick Frankham as Chief Executive Officer
Momentum Public Relations
Press Release: August 20, 2019
Mondias Natural Products Inc. (“Mondias” or the “Company”) (TSXV: NHP) is pleased to announce that the Board of Directors has appointed Dr. Patrick Frankham, PhD, MBA, as the Company’s new Chief Executive Officer, effective August 19, 2019.
Dr. Frankham brings more than 25 years of diverse natural products and pharmaceutical experience across both business and research leadership roles in domestic and international markets. A talented product innovator, he is recognized for driving business results by building products through infrastructure, innovation and talent.
Prior to joining Mondias, Dr. Frankham was Chief Executive Officer and a Director of Pivot Pharmaceuticals Inc. since 2014. During the course of his career, he has also founded several healthcare start-ups, including healthcare information technology, services and pharmaceutical companies. His strong scientific background comes from his professional experience with public and private companies, including multinational corporations. He has developed pharmaceutical products in several therapeutic areas and interacted with global regulatory authorities. Notable organizations where he held increasing leadership roles include Boehringer-Ingelheim GmbH, AeternaZentaris, BioAxone Biosciences and ICON Clinical Research. Dr. Frankham obtained his PhD in molecular endocrinology from the Université Laval in Canada, and holds an MBA in finance from the University of Liverpool, in the United Kingdom.
“I would like to welcome Dr. Frankham as Mondias’ new CEO on behalf of the Board of Directors,” said Mr. André Rancourt, Executive Chairman of Mondias. “We are proud to have attracted such a high-profile candidate and believe that Dr. Frankham has the track record to take Mondias to the next stage in its growth plan: a vast expertise in developing and marketing biopharmaceutical and natural health products, strong knowledge of the drug regulatory process, a solid network in both the scientific and the financial community and broad public company experience. We will also ensure that he has the tools and resources he needs to make Mondias a success.”
“Mr. Gravel, our outgoing Chief Executive Officer, will stay on as a consultant to assist Dr. Frankham during a normal transition period,” added Mr. Rancourt. “I wish to thank Mr. Gravel for his many contributions to Mondias, from taking the Company public to his involvement in preparing Mondias for future growth.”
“I was impressed by Mondias’ solid portfolio of natural health products and its CELEXT07 bio-defense stimulant plant extract, which has already attracted considerable interest from multinational corporations in the biopharma and agricultural sectors,” said Dr. Frankham, CEO of Mondias. “My goal in joining Mondias is to develop the portfolio of innovative products to their full market potential while raising awareness of the Company among our stakeholders and potential investors. In the coming weeks, with the help of the Mondias team, I intend to assess how we can best develop and market our products to generate top return on investment for our shareholders.”
Mondias has granted an aggregate amount of 700,000 stock options of the Company to Dr. Frankham as part of his compensation package. 350,000 stock options will vest immediately with the remaining 350,000 stock options vesting on January 1, 2022. The stock options have an exercise price of $0.13 per share and will expire on August 19, 2029.
About Mondias Natural Products Inc.
Mondias specializes in the commercialization and development of evidence-based botanical products for the healthcare, bio-agriculture and organic markets. The Company sells both oral and topical botanical agents to help manage unmet medical needs through its Holizen Laboratories division. Mondias is also developing botanical-based specialty fertilizers, biostimulants and biopesticides for use in the agriculture, horticulture, cannabis and hops markets, in collaboration with McGill’s Faculty of Agricultural and Environmental Sciences.
For more information, visit: www.mondias.ca
- Published in Mondias Natural, News Home
North Bud Farms Completes Construction of its Phase One Cultivation Facility and Establishes U.S. Based Subsidiary, Bonfire Brands USA
Momentum Public Relations
Press Release: August 14, 2019
North Bud Farms Inc.(CSE: NBUD) (OTCQB: NOBDF) (“NORTHBUD” or the “Company”) is pleased to announce the completion of its 24,500 square foot phase one indoor cannabis cultivation facility located on 135 acres of land in Low, Quebec, Canada. This week consultants are finalizing the facility’s Evidence of Readiness Package for submission to Health Canada.
“This is an important milestone for NORTHBUD, as we transition from the construction phase to pre-operational phase,” said Ryan Brown, CEO of NORTHBUD. “We believe that we have built an extremely cost-effective facility that will allow us to be competitive in all aspects of the Canadian market. With the addition of over 500,000 square feet of outdoor production later this year, we anticipate production of over 10 million grams of Cannabis in calendar 2020.”
Creation of New U.S. Subsidiary
NORTHBUD wishes to inform shareholders that they have established a wholly owned U.S. based subsidiary. Bonfire Brands USA Inc. has been established to own and operate NORTHBUD’s proposed acquisitions in the U.S. markets.
NORTHBUD is pleased to announce that it has appointed Justin Braune as President of Bonfire Brands USA. Mr. Braune currently serves as the CEO of EUREKA Vapor and will lead all of the NORTHBUD’s U.S. operations.
Mr. Braune brings over 10 years of industry experience to the NORTHBUD team. A graduate of the United States Naval Academy, he served in the U.S. Navy for ten years where he helped manage nuclear reactor systems aboard the USS Ronald Reagan. He holds an MBA from the University of Southern California’s Marshall School of Business.
Prior to joining EUREKA Vapor, Mr. Braune served as President at Made By Science, a startup science and delivery technology company which was recently acquired by Acreage Holdings. Mr. Braune has served as CEO and President for multiple startup private and public companies over his 10-year career in the cannabis industry.
“I look forward to working with Justin as we move into the operational phase of our U.S. expansion plan,” said Ryan Brown, CEO of NORTHBUD. “Justin has extensive contacts in the U.S. cannabis industry which will be very valuable as we continue to expand and enter into new partnerships.”
About North Bud Farms Inc.
North Bud Farms Inc., through its wholly owned subsidiary GrowPros MMP Inc., is pursuing a licence under The Cannabis Act. The Company has built a state-of-the-art purpose-built cannabis production facility located on 95 acres of Agricultural Land in Low, Quebec, Canada. North Bud Farms Inc. has entered into agreements to acquire assets in California, Colorado and Nevada.
For more information visit: www.northbud.com
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements
Certain statements and information included in this press release that, to the extent they are not historical fact, constitute forward-looking information or statements (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. Forward-looking statements, including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions to the extent they relate to the Company or its management. Forward-looking statements are based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the risk factors included in the Company’s final long form prospectus dated August 21, 2018, which is available under the Company’s SEDAR profile at www.sedar.com. Accordingly, readers should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking statements to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws. This news release does not constitute an offer to sell or a solicitation of any offer to buy any securities of the Company.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
North Bud Farms Inc.
Edward Miller
VP, IR & Communications
Office: (855) 628-3420 ext. 3
investors@northbud.com
- Published in Cannabis, CBD, Medical Marijuana, News Home, NorthBud
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