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ORIGINAL: Cannabix Technologies Creates Contactless Alcohol Breath Detection Technology for Vehicles - Files Provisional Patent
VANCOUVER, British Columbia, April 20, 2022 (GLOBE NEWSWIRE) -- Cannabix Technologies Inc. (CSE: BLO) (OTC PINK: BLOZF) (the "Company or Cannabix") developer of marijuana breathalyzer devices for law enforcement and the workplace reports that the Company has developed a cutting-edge Contactless Alcohol Breathalyzer for vehicle cabins. The prototype Contactless Alcohol Breathalyzer ("CAB") was developed by Cannabix after being approached by a Tier 1 global automobile parts manufacturing company seeking to source new technology that could be used in a contactless (no straw, no mouthpiece) method. The Company has entered into a non-disclosure agreement with the Tier 1 global automobile parts manufacturer. The first proof of concept prototype of the CAB has been developed for a vehicle cabin with specialized placement of such technology. Cannabix has used its years of experience in breath testing and breath capture technology for marijuana to rapidly develop a working CAB prototype, with a small enough footprint that could be developed for virtually any make or model vehicle. The Company has not entered into any contractual relationship for its CAB technology. The Company has filed a provisional patent application for its CAB technology.
The first CAB proof of concept prototype would allow for a driver to direct a breath sample towards a small orifice integrated into the cabin of a vehicle - in a completely contactless manner. The CAB is fundamentally different than existing alcohol interlock systems that require users to use a mouthpiece and directly blow into a handheld device that is connected to the vehicle usually with a cable. The Cannabix CAB has been designed for specific placement inside the vehicle cabin, however could be outfitted various locations in the vehicle cabin. The CAB provides a warning, pass or fail result along with a Blood Alcohol Content (BAC) level on the screen for the driver to see. This kind of technology holds potential to be integrated with interlock systems and be used in many settings including automotive, heavy-duty equipment including heavy transport vehicles, watercraft and workplace monitoring.
In the United States, the November 2021 Infrastructure Investment and Jobs Act (IIJA) passed by the House of Representatives called for new cars to come equipped with technology that will detect alcohol in breath. The legislation directs the National Highway Traffic Safety Administration to set new safety standards within three years for impaired driving safety equipment on all new vehicles (1) (2).
Manufacturers such as Volvo have experimented with offering alcohol-detection systems as optional equipment. A public-private partnership called the Driver Alcohol Detection System for Safety (DADSS) project is also testing their own system.
(1) https://www.iihs.org/news/detail/alcohol-detection-systems-could-prevent-more-than-a-fourth-of-u-s-road-fatalities
(2) https://www.madd.org/press-release/auto-technology-that-stops-drunk-driving-now-required-by-law
Readers are cautioned that, although the Company has achieved proof of concept prototype for the CAB, the testing method and device is still in the preapproval stage and accordingly the Company is not currently making any express or implied claims that the technology will proceed to commercial use.
About Cannabix Technologies Inc.
Cannabix Technologies Inc. is a developer of marijuana breathalyzer technologies for law enforcement and the workplace. Cannabix is working to develop drug-screening devices that will detect THC - the psychoactive component of marijuana that causes impairment using breath samples. Breath testing for THC would allow employers and law enforcement to identify recent marijuana use that better aligns with impairment. Cannabix devices are in the advanced prototype and pre-clinical testing stage.
We seek Safe Harbor.
On behalf of the Board of Directors
"Rav Mlait"
CEO
Cannabix Technologies Inc.
For further information, contact the Company at info@cannabixtechnologies.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Statements
ORIGINAL: Cannabix Technologies Creates Contactless Alcohol Breath Detection Technology for Vehicles - Files Provisional Patent
VANCOUVER, British Columbia, April 20, 2022 (GLOBE NEWSWIRE) -- Cannabix Technologies Inc. (CSE: BLO) (OTC PINK: BLOZF) (the "Company or Cannabix") developer of marijuana breathalyzer devices for law enforcement and the workplace reports that the Company has developed a cutting-edge Contactless Alcohol Breathalyzer for vehicle cabins. The prototype Contactless Alcohol Breathalyzer ("CAB") was developed by Cannabix after being approached by a Tier 1 global automobile parts manufacturing company seeking to source new technology that could be used in a contactless (no straw, no mouthpiece) method. The Company has entered into a non-disclosure agreement with the Tier 1 global automobile parts manufacturer. The first proof of concept prototype of the CAB has been developed for a vehicle cabin with specialized placement of such technology. Cannabix has used its years of experience in breath testing and breath capture technology for marijuana to rapidly develop a working CAB prototype, with a small enough footprint that could be developed for virtually any make or model vehicle. The Company has not entered into any contractual relationship for its CAB technology. The Company has filed a provisional patent application for its CAB technology.
The first CAB proof of concept prototype would allow for a driver to direct a breath sample towards a small orifice integrated into the cabin of a vehicle - in a completely contactless manner. The CAB is fundamentally different than existing alcohol interlock systems that require users to use a mouthpiece and directly blow into a handheld device that is connected to the vehicle usually with a cable. The Cannabix CAB has been designed for specific placement inside the vehicle cabin, however could be outfitted various locations in the vehicle cabin. The CAB provides a warning, pass or fail result along with a Blood Alcohol Content (BAC) level on the screen for the driver to see. This kind of technology holds potential to be integrated with interlock systems and be used in many settings including automotive, heavy-duty equipment including heavy transport vehicles, watercraft and workplace monitoring.
In the United States, the November 2021 Infrastructure Investment and Jobs Act (IIJA) passed by the House of Representatives called for new cars to come equipped with technology that will detect alcohol in breath. The legislation directs the National Highway Traffic Safety Administration to set new safety standards within three years for impaired driving safety equipment on all new vehicles (1) (2).
Manufacturers such as Volvo have experimented with offering alcohol-detection systems as optional equipment. A public-private partnership called the Driver Alcohol Detection System for Safety (DADSS) project is also testing their own system.
(1) https://www.iihs.org/news/detail/alcohol-detection-systems-could-prevent-more-than-a-fourth-of-u-s-road-fatalities
(2) https://www.madd.org/press-release/auto-technology-that-stops-drunk-driving-now-required-by-law
Readers are cautioned that, although the Company has achieved proof of concept prototype for the CAB, the testing method and device is still in the preapproval stage and accordingly the Company is not currently making any express or implied claims that the technology will proceed to commercial use.
About Cannabix Technologies Inc.
Cannabix Technologies Inc. is a developer of marijuana breathalyzer technologies for law enforcement and the workplace. Cannabix is working to develop drug-screening devices that will detect THC - the psychoactive component of marijuana that causes impairment using breath samples. Breath testing for THC would allow employers and law enforcement to identify recent marijuana use that better aligns with impairment. Cannabix devices are in the advanced prototype and pre-clinical testing stage.
We seek Safe Harbor.
On behalf of the Board of Directors
"Rav Mlait"
CEO
Cannabix Technologies Inc.
For further information, contact the Company at info@cannabixtechnologies.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Statements
Gold Assay Results Due Tuesday before market Open....NLRCF or NLR had a huge day friday before it was halted
Assays results due out Tuesday..could be great results since the company asked for halt "pending material news at Friday close...stock closed up huge on Friday NLRCF or NLR Do your own DD
2022-02-18 13:40 ET - News Release
Mr. Albert Timcke reports
TRADING HALT PENDING MATERIAL NEWS
Northern Lights Resources Corp.'s shares were halted at 10:48 a.m. PT by the Investment Industry Regulatory Organization of Canada (IIROC) this morning at the request of the Northern Lights, pending material news to be issued prior to the resumption of trading.
About Northern Lights Resources Corp.
Summary https://northernlightsresources.com/projects/secret-pass-gold-project/summary/
Northern Lights announced the acquisition of 100% interest in the Secret Pass Gold Project in Mohave County, Arizona on July 15, 2019.
Secret Pass consists of 84 unpatented lode mining claims comprising 655.6 hectares (1,620 acres) of claims under the administration of the US Bureau of Land Management (“BLM”) and 212.4 hectares (524.9 acres) of State of Arizona mining claims for a total of 868 hectares (2,145 acres).
There are no third party royalties on the Secret Pass Gold Project.
Gold Assay Results Due Tuesday before market Open....NLRCF or NLR had a huge day friday before it was halted
Assays results due out Tuesday..could be great results since the company asked for halt "pending material news at Friday close...stock closed up huge on Friday NLRCF or NLR Do your own DD
2022-02-18 13:40 ET - News Release
Mr. Albert Timcke reports
TRADING HALT PENDING MATERIAL NEWS
Northern Lights Resources Corp.'s shares were halted at 10:48 a.m. PT by the Investment Industry Regulatory Organization of Canada (IIROC) this morning at the request of the Northern Lights, pending material news to be issued prior to the resumption of trading.
About Northern Lights Resources Corp.
Summary https://northernlightsresources.com/projects/secret-pass-gold-project/summary/
Northern Lights announced the acquisition of 100% interest in the Secret Pass Gold Project in Mohave County, Arizona on July 15, 2019.
Secret Pass consists of 84 unpatented lode mining claims comprising 655.6 hectares (1,620 acres) of claims under the administration of the US Bureau of Land Management (“BLM”) and 212.4 hectares (524.9 acres) of State of Arizona mining claims for a total of 868 hectares (2,145 acres).
There are no third party royalties on the Secret Pass Gold Project.
Summary https://northernlightsresources.com/projects/secret-pass-gold-project/summary/
Northern Lights announced the acquisition of 100% interest in the Secret Pass Gold Project in Mohave County, Arizona on July 15, 2019.
Secret Pass consists of 84 unpatented lode mining claims comprising 655.6 hectares (1,620 acres) of claims under the administration of the US Bureau of Land Management (“BLM”) and 212.4 hectares (524.9 acres) of State of Arizona mining claims for a total of 868 hectares (2,145 acres).
There are no third party royalties on the Secret Pass Gold Project.
Figure 1: Location Map Secret Pass Gold Project
NLRCF was Halted Friday "pending metal news. I believe Material news is drill results from theri Secret Pass Gold project....with Gold running up over $90 on fears of war a new gold discovery could be huge for this $.05 stock
Mr. Albert Timcke reports
TRADING HALT PENDING MATERIAL NEWS
Northern Lights Resources Corp.'s shares were halted at 10:48 a.m. PT by the Investment Industry Regulatory Organization of Canada (IIROC) this morning at the request of the Northern Lights, pending material news to be issued prior to the resumption of trading.
About Northern Lights Resources Corp.
GrowMax Announces Share Consolidation and Name Change and Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - November 24, 2021) - GrowMax Resources Corp. (TSXV: GRO) ("GrowMax" or the "Company") is pleased to announce that effective November 29, 2021, the Company's name will change from "GrowMax Resources Corp." to "Coloured Ties Capital Inc." (the "Name Change") and the trading symbol for the Company will change from "GRO" to "TIE". The new CUSIP number will be 19682H107 and the new ISIN number will be CA19682H1073.
Also effective November 29, 2021, the Company will consolidate its common shares on a ten (10) for one (1) basis (the "Share Consolidation"). The Company currently has 232,756,414 common shares issued and outstanding. Following the Share Consolidation, the Company will have approximately 23,275,641 common shares issued and outstanding prior to rounding for fractional shares.
Upon completion of the Share Consolidation and Name Change, a letter of transmittal will be sent by mail to registered shareholders advising that the Share Consolidation and Name Change have taken effect. The letter of transmittal will contain instructions on how registered shareholders can exchange their share certificates or DRS statements evidencing their pre-consolidated common shares for new share certificates or new DRS statements representing the number of post-consolidated common shares to which they are entitled. No action is required by non-registered shareholders (shareholders who hold their shares through an intermediary) to effect the Share Consolidation and Name Change.
The Share Consolidation and Name Change was approved by the board of directors of the Company and by the TSX Venture Exchange.
CORPORATE UPDATE
The Company is pleased to report that since changing its business focus away from mineral exploration and into an investment issuer classification, the Company has made several successful investments that have resulted in positive returns for the Company. As of October 21, 2021, the Company had approximately $11,057,606 in Total Cash and Equivalents and $10,330,84 in total investments in public and private entities. Total liabilities as of October 21, 2021 was approximately $39,815. These numbers equal to a Net Asset Value for the Company of $21,348,665 or $0.92 per share on a consolidated share basis of 23,275,641 common shares issued and outstanding (all figures are based on unaudited financial statements and stated in Canadian currency and subject to variations).
Moving forward, the Company's management is well connected within the North American equity markets and will be working in partnership with venture capital funds and some of Canada's leading investment banks to seek and fund early stage companies that have a direct path to obtaining public listings on senior stock exchanges such as the TSX, NASDAQ, NYSE and providing exciting capital returns. In seeking investment opportunities, the Company will focus on opportunities that disrupt their business sectors, have exceptional management teams, have sound capital structure and have support from recognized investment bankers. Target investments must have a clearly defined path to obtaining public listings and the Company will provide corporate advisory services to investee companies to assist them in obtaining public company listings.
Mr. Kal Malhi, CEO, states, "We are very pleased to start Coloured Ties Capital on a path to providing great investor returns and the Company offers investors an avenue to invest in early stage opportunities that are only available to ultra high net worth individuals or institutional investors. Our clear mandate is to make investment in early stage opportunities that offer exponential returns from start-up stage to a public company listing on a senior exchange. We are laser focused to grow the Net Asset Value of the Company, and Management interests are very much aligned with all shareholders as Management currently owns in excess of 20% of the outstanding common shares of the Company. We will utilize our extensive industry contacts and partner with other investment banks to assist exceptional start-ups on their path to commercial success."
Recently, the Company made a capital investment into Ridevision https://ride.vision.
RideVision was founded in 2018 by motorcycle enthusiasts Uri Lavi and Lior Cohen. The company is revolutionizing the motorcycle-safety industry by harnessing the strength of artificial intelligence and image-recognition technology, ultimately providing motorbike riders with a much broader awareness of their surroundings, and collision avoidance systems, preventing collisions and enabling bikers to ride with full confidence that they are safe.
Artificial Intelligence and machine learning related companies received a record $27.6 billion in funding in 2020, according to Crunchbase and Ridevision was named as one the top 25 Machine Learning Startups in 2020 by Crunchbase. https://www.forbes.com/sites/louiscolumbus/2021/01/10/top-25-machine-learning-startups-to-watch-in-2021-based-on-crunchbase/?sh=36bfcf8f4038.
Ridevision has some of the world's leading Motorbike OEM's and aftermarket companies in discussions to test the Ridevision technology.
Coloured Ties Management is also in talks with entrepreneurs and start-ups and in partnership with some of the leading investment banks to fund other early stage investments that offer an investment opportunity that meets the Company guidelines, in any sector of the economy.
Entrepreneurs and start-up companies seeking capital and capital markets assistance are encouraged to contact the Company at the below noted email address.
The Company will also be launching its updated website in the coming days with information and will update investors once the website is live.
For more information about Coloured Ties Capital, please contact:
GrowMax Announces Share Consolidation and Name Change and Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - November 24, 2021) - GrowMax Resources Corp. (TSXV: GRO) ("GrowMax" or the "Company") is pleased to announce that effective November 29, 2021, the Company's name will change from "GrowMax Resources Corp." to "Coloured Ties Capital Inc." (the "Name Change") and the trading symbol for the Company will change from "GRO" to "TIE". The new CUSIP number will be 19682H107 and the new ISIN number will be CA19682H1073.
Also effective November 29, 2021, the Company will consolidate its common shares on a ten (10) for one (1) basis (the "Share Consolidation"). The Company currently has 232,756,414 common shares issued and outstanding. Following the Share Consolidation, the Company will have approximately 23,275,641 common shares issued and outstanding prior to rounding for fractional shares.
Upon completion of the Share Consolidation and Name Change, a letter of transmittal will be sent by mail to registered shareholders advising that the Share Consolidation and Name Change have taken effect. The letter of transmittal will contain instructions on how registered shareholders can exchange their share certificates or DRS statements evidencing their pre-consolidated common shares for new share certificates or new DRS statements representing the number of post-consolidated common shares to which they are entitled. No action is required by non-registered shareholders (shareholders who hold their shares through an intermediary) to effect the Share Consolidation and Name Change.
The Share Consolidation and Name Change was approved by the board of directors of the Company and by the TSX Venture Exchange.
CORPORATE UPDATE
The Company is pleased to report that since changing its business focus away from mineral exploration and into an investment issuer classification, the Company has made several successful investments that have resulted in positive returns for the Company. As of October 21, 2021, the Company had approximately $11,057,606 in Total Cash and Equivalents and $10,330,84 in total investments in public and private entities. Total liabilities as of October 21, 2021 was approximately $39,815. These numbers equal to a Net Asset Value for the Company of $21,348,665 or $0.92 per share on a consolidated share basis of 23,275,641 common shares issued and outstanding (all figures are based on unaudited financial statements and stated in Canadian currency and subject to variations).
Moving forward, the Company's management is well connected within the North American equity markets and will be working in partnership with venture capital funds and some of Canada's leading investment banks to seek and fund early stage companies that have a direct path to obtaining public listings on senior stock exchanges such as the TSX, NASDAQ, NYSE and providing exciting capital returns. In seeking investment opportunities, the Company will focus on opportunities that disrupt their business sectors, have exceptional management teams, have sound capital structure and have support from recognized investment bankers. Target investments must have a clearly defined path to obtaining public listings and the Company will provide corporate advisory services to investee companies to assist them in obtaining public company listings.
Mr. Kal Malhi, CEO, states, "We are very pleased to start Coloured Ties Capital on a path to providing great investor returns and the Company offers investors an avenue to invest in early stage opportunities that are only available to ultra high net worth individuals or institutional investors. Our clear mandate is to make investment in early stage opportunities that offer exponential returns from start-up stage to a public company listing on a senior exchange. We are laser focused to grow the Net Asset Value of the Company, and Management interests are very much aligned with all shareholders as Management currently owns in excess of 20% of the outstanding common shares of the Company. We will utilize our extensive industry contacts and partner with other investment banks to assist exceptional start-ups on their path to commercial success."
Recently, the Company made a capital investment into Ridevision https://ride.vision.
RideVision was founded in 2018 by motorcycle enthusiasts Uri Lavi and Lior Cohen. The company is revolutionizing the motorcycle-safety industry by harnessing the strength of artificial intelligence and image-recognition technology, ultimately providing motorbike riders with a much broader awareness of their surroundings, and collision avoidance systems, preventing collisions and enabling bikers to ride with full confidence that they are safe.
Artificial Intelligence and machine learning related companies received a record $27.6 billion in funding in 2020, according to Crunchbase and Ridevision was named as one the top 25 Machine Learning Startups in 2020 by Crunchbase. https://www.forbes.com/sites/louiscolumbus/2021/01/10/top-25-machine-learning-startups-to-watch-in-2021-based-on-crunchbase/?sh=36bfcf8f4038.
Ridevision has some of the world's leading Motorbike OEM's and aftermarket companies in discussions to test the Ridevision technology.
Coloured Ties Management is also in talks with entrepreneurs and start-ups and in partnership with some of the leading investment banks to fund other early stage investments that offer an investment opportunity that meets the Company guidelines, in any sector of the economy.
Entrepreneurs and start-up companies seeking capital and capital markets assistance are encouraged to contact the Company at the below noted email address.
The Company will also be launching its updated website in the coming days with information and will update investors once the website is live.
For more information about Coloured Ties Capital, please contact:
Iron stocks up on the ASX in Australia...Look for CLF to hit $23+++ this week. I am loaded up with 5000 call options at a cost of $1.22. This one is a no brainer if you look at the chart and their fundamentals
Cannabix NEWS OUT IN THE AM BEFORE MARKET OPEN
Look for a great news release to be out in the morning..BLO is not touting its breathalyzer without proven test results. HOUND has been claiming to have a device in the field for two years but little show of WHO HAD IT IN THE FIELD or any clinical trials. Huestis is guiding Cannabix to do it right so that the eventual device will stand up in court
Money $hot is right. Only two players in this arena but the very first patent is owned by private company Cannabix Breathalyzer which only licenced it for North America.
Hound patents were applied for and issued much later and the rumour is that private company Cannabix Breathalyzer has filed a breach of patent suit against Hound for breaching this simple mechanism covered in this patent
https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=61%2F981,650&OS=61/981,650&RS=61/981,650
Cannabix should acquire WORLDWIDE rights to their device They only have Nort American rights only now. Just North America cannot justify a $500-700M valuation once the device is approved by the courts and in use.
Global Alcohol Breathalyzer and Drug Testing Market Size 2021 By Trends Evaluation, Leading Players Updates, Consumer-Demand, Consumption, Recent Developments, Strategies, Market Impact and Forecast till 2027 | Industry Research Biz
Pune, India, July 19, 2021 (GLOBE NEWSWIRE) -- Global Alcohol Breathalyzer and Drug Testing Market 2021-2027: The global Alcohol Breathalyzer and Drug Testing market size is projected to reach US$ 6389.6 million by 2027, from US$ 3754 million in 2020, at a CAGR of 7.9% during 2021-2027
Would not be surprised to hear a partnership of Blozf and Drager or Alfre or Intoximeters being the next announcement to come out
Drager https://www.draeger.com/en-us_ca/Safety
Alere Inc. (Abbott) https://abbott.mediaroom.com/2017-09-29-Abbott-Acquisition-of-Alere-Set-to-Close-on-Tuesday-October-3-2017
Donglian Zhitong
ACS
Intoximeters, Inc.
Iron ore prices have tumbled and most iron ore producers have tumbled along with the price of iron ore. Why has CLF not tanked...is there a reason or is CLF just lagging the others and fall of a cliff soon?
Anthony Cataldo. Has anyone on this thread of Anthony Cataldo?
Money $hot...who is getting enriched ???
"6 ways to Sunday by enriching Kulwant Malhi and his immediate family. The dude has gotten us for all it's worth for long enough (6 Years). When is enough enough for these A-holes (entire Board Of Directors - Team Cobra)?
How is he getting enriched if he is a shareholder like the rest of us who bought stock based on promise of a much higher stock price? is it just because he bought so many shares that he is deemed to be getting rich of your investment? I just cannot understand how one investor/shareholder is getting enriched while others like you are being ripped of since there is only one class of shares. Please explain your rationale.
If he is getting preferential treatment then the SEC should be made aware of the perks or kickbacks that you suggest are being given to him and not to ALL the shareholders
AIRBEAM PITCH DECK
Someone had posted a link to an Airbag pitch deck that has been circulated. Can someone please post it if you have it. Looks like the company took it down from docusend.
AIRBEAM DEAL OPPOSED BY FIRST RESPONDER SHAREHOLDERS
https://www.stockwatch.com/News/Item/Z-C!WPN-3043832/C/WPN
CONCERNED SHAREHOLDERS PROVIDE LETTER TO FIRST RESPONDER TECHNOLOGIES INC. AND ITS STAKEHOLDERS
BullRun Capital Inc., together with Milan Malhi, Justin Sangha, Rauni Malhi and Sandip Rai (the concerned shareholders), are the beneficial owners of approximately 39.7 per cent of the issued and outstanding shares of First Responder Technologies Inc. and are providing the following letter to the company and its stakeholders in response to the March 4, 2021, announcement by the company of the proposed transaction with Airbeam Technologies Inc.
The Concerned Shareholders are founders, investors and significant shareholders of First Responder. As stated in the Company news release, the Airbeam transaction is a Fundamental Change pursuant the policies of the Canadian Securities Exchange. As a result, the Airbeam Transaction requires the approval of the shareholders of the Company.
The Concerned Shareholders DO NOT SUPPORT the Terms of the Airbeam transaction and intend to VOTE AGAINST the Airbeam transaction.
The Airbeam transaction, as disclosed in the Company news release states that First Responder will acquire Airbeam on the basis of issuing 9.78 shares of First Responder for each Airbeam share outstanding. This would result in First Responder issuing 679,699,408 First Responder shares to the shareholders of Airbeam. First Responder is comparably valued at 1/10th of the value of Airbeam. As a result, First Responder shareholders would be diluted to approximately 10% ownership in First Responder. Additionally:
The Company news release also states the Robert Delamar will continue as CEO of the resulting entity. Messer Delamar has been responsible as CEO of First Responder for the erosion of the First Responder treasury and corresponding erosion of shareholder value from First Responder's inception to the proposed transaction with Airbeam.
The Airbeam transaction is designed to entrench management and benefit related parties - not the shareholders of First Responder.
The Concerned Shareholders are supportive of First Responder but will vote against the Airbeam transaction on the terms announced by the Company.
© 2021 Canjex
From credible source..news will be out before market open on Thursday..Lets hope its advancement of the product Would be nice to test $3CDN
VANCOUVER, British Columbia, March 06, 2020 (GLOBE NEWSWIRE) -- Algernon Pharmaceuticals Inc. (CSE: AGN) (FRANKFURT: AGW) (OTCQB: AGNPF) (the “Company” or “Algernon”) a clinical stage pharmaceutical development company is pleased to announce that it is exploring the potential of using NP-120 (Ifenprodil) as a novel treatment for COVID-19, also known as the coronavirus. A recent independent study found that Ifenprodil significantly reduced acute lung injury (ALI) and improved survivability in an animal study with H5N1 infected mice. H5N1 is the most lethal form of influenza known to date with an over 50% mortality rate.
Based on this study, published by the American Society of Microbiology in mSystems in the December 2019 issue, the Company believes that Ifenprodil has the potential to be a front-line treatment for the most severe cases of coronavirus, and may also reduce morbidity in patients. Coronavirus currently has an overall predicted mortality rate of approximately 4%. Management’s belief that Ifenprodil is a possible treatment for COVID-19 is based on historic animal studies and not on human trials.
Despite the overall mortality rate of 4% based on current data, coronavirus-infected patients experience sometimes profound pulmonary complications including lung infiltrates, opacification, and risk of adult respiratory distress syndrome. Beyond systemic steroid therapy, clinicians have few agents with which to treat these patients and Ifenprodil may offer a new and efficacious treatment option that limits inflammatory infiltrates and the resulting fibrotic responses, as suggested in its earlier animal model studies.
Ifenprodil H5N1 Animal Study Background:
A genome wide RNAi interference approach to identify genes that aid in the recovery of cell viability after H5N1 infection, lead to the identification of the NMDA receptor antagonist Ifenprodil, which when tested in an animal model of H5N1 infection showed:
Markedly decreased leukocyte infiltration and lung injury scores in effected lungs
Significantly ameliorated edema infected mouse lung tissue
Significantly improved the survival of H5N1 infected mice by 40%
Study Link: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6906739/
The company believes these findings could be relevant for reducing the lung-associated complications of coronavirus infection.
Algernon is preparing to apply for ethics approval in Australia for Ifenprodil, for its planned phase 2 clinical trial for idiopathic pulmonary fibrosis (IPF) and chronic cough.
APHRIA EARNINGS SHEET THE BED
all mj stocks will siffer..but BLOZF is not a farming company but a tech company serving the sector..lets see if it stands out
Another Law Enforcement Listing
CSE New Security Listing: First Responder Technologies Inc. (WPN)
https://www.firstrespondertech.com
January 10, 2020 (Investorideas.com Newswire) The common shares of First Responder Technologies Inc., have been approved for listing on the CSE.
Listing and disclosure documents will be available at www.thecse.com on the trading date.
First Responder Technologies Inc. is a Vancouver B.C. based technology development company, developing a WiFi-based concealed weapons detection system, focused on protecting the perimeter of soft targets, such as places of worship, theatres, shopping centres and sports venues, where the public is most vulnerable to acts of terrorism and mass shootings.
_______________________
I am grateful for BLOZF as I got in when the first financing was done at $.075 with warrants. I have had several rides up and down and don't get attached to a $5 price which would make this worth more then any breathalyzer company in the world. I like the way the stock moves on retail stories by third parties like the CNN article and also like the fact they aren't blowing thru cash like crazy and management salaries are reasonable. I also understand building a totally new technology takes time, as the CNN article eludes to and Marylin Huestis has indicated
As for the sister company, it never caught fire and didn't have the fortune of being in a "cannabis bubble". I didn't make money on it and I doubt management did either....you win some and lose some and anyone that wanted TWO home runs out of one patent was overly greedy....
Lets look forward to a revival in Cannabis stocks and BLOZF going back above $2
AMG
You keep whining that the same team is at AGN which went from breath testing for disease and decided to favour drug development. There isn't a market to fund a medical breath test but there is ample money to fund a Thc breathalyzer...Thus BLOZF has close to $10M in working capital and Breathtec was unable to raise money and had to switch to something they raised $2M on.
So give your head a shake and learn the real reasons decisions are made to abandon a technology and pursue something that can be funded. Owlstone does not have a working product and YOST is still very much travelling to Vancouver to consult on the BLOZF device, There is also no shared management on AGN and BLOZF.
BLOZF is developing a device and conserving cash and doing it professionally. As the CNN article states its not a simple task and HOUND does not have a single sale or a partnership with a law ebforcement agency to conduct trial to get approval of the device as a court certified EVIDENTIARY device. First to hit the road will be a BIG BIG winner and YOST and BLOZF are my picks
New listing next week First Responder Technogies to detect concealed weapons
Take a look trans Jan 16 ITs by the founders of Patriot
First Responder Technologies Inc
Symbol WPN
Shares Issued 54,929,396
Recent Sedar Documents
View Original Document
First Responder Technologies to trade on CSE Jan. 16
Its by the funders
New listing next week First Responder Technogies to detect concealed weapons
Take a look trans Jan 16
First Responder Technologies Inc
Symbol WPN
Shares Issued 54,929,396
Recent Sedar Documents
View Original Document
First Responder Technologies to trade on CSE Jan. 16
2020-01-10 15:58 PT - New Listing
CSE bulletin 2020-0111
The common shares of First Responder Technologies Inc. have been approved for listing on the Canadian Securities Exchange.
Listing and disclosure documents will be available on the CSE website on the trading date.
First Responder Technologies is a technology development company based in Vancouver, B.C., developing a WiFi-based concealed weapons detection system, focused on protecting the perimeter of soft targets, such as places of worship, theatres, shopping centres and sports venues, where the public is most vulnerable to acts of terrorism and mass shootings.
Issuer: First Responder Technologies
Security type: common shares
Symbol: WPN
Number of securities issued and outstanding: 54,929,396
Number of securities reserved for issuance: 14,593,829
CSE sector: technology
Cusip No.: 33618F 10 1
ISIN: CA33618F 10 1 8
Board lot: 500
Initial public offering price: 35 cents
Agent: PI Financial Corp.
Trading currency: Canadian dollar
Listing date: Jan. 13, 2020
Trading date: Jan. 16, 2020
Other exchanges: not applicable
Fiscal year-end: June 30
Transfer agent: Computershare Investor Services Inc.
The exchange is accepting market-maker applications for WPN.
© 2020 Canjex Publishing Ltd. All rights reserved.
New listing next week First Responder Technogies to detect concealed weapons
Take a look trades Jan 16
https://www.firstrespondertech.com
First Responder Technologies Inc
Symbol WPN
Shares Issued 54,929,396
Recent Sedar Documents
View Original Document
First Responder Technologies to trade on CSE Jan. 16
2020-01-10 15:58 PT - New Listing
CSE bulletin 2020-0111
The common shares of First Responder Technologies Inc. have been approved for listing on the Canadian Securities Exchange.
Listing and disclosure documents will be available on the CSE website on the trading date.
First Responder Technologies is a technology development company based in Vancouver, B.C., developing a WiFi-based concealed weapons detection system, focused on protecting the perimeter of soft targets, such as places of worship, theatres, shopping centres and sports venues, where the public is most vulnerable to acts of terrorism and mass shootings.
Issuer: First Responder Technologies
Security type: common shares
Symbol: WPN
Number of securities issued and outstanding: 54,929,396
Number of securities reserved for issuance: 14,593,829
CSE sector: technology
Cusip No.: 33618F 10 1
ISIN: CA33618F 10 1 8
Board lot: 500
Initial public offering price: 35 cents
Agent: PI Financial Corp.
Trading currency: Canadian dollar
Listing date: Jan. 13, 2020
Trading date: Jan. 16, 2020
Other exchanges: not applicable
Fiscal year-end: June 30
Transfer agent: Computershare Investor Services Inc.
The exchange is accepting market-maker applications for WPN.
© 2020 Canjex Publishing Ltd. All rights reserved.
https://micronwaste.com/leadership/
Battley is director on Micron Waste as well. Micron is HALTED
Executive pay
Summary Compensation Table
The table below is a summary of the compensation received by the NEOs for the last three fiscal years ended June 30, 2018, June 30, 2017 and June 30, 2016.
Name and principal position
Year
Salary
Share- based awards(1)
Option- based awards(2)
Non-equity incentive plan compensation
Pension value
All Other Compensation
Total Compensation
Short-term incentive plans(3) Long-term incentive plans
($) ($) ($) ($) ($) ($) ($) ($)
Terry Booth,
Chief Executive Officer and
Director(4)
2018 325,000 690,000 336,422(5) 243,750 Nil Nil Nil 1,595,172
2017 62,692(6) 130,000 1,854,167(5) 243,750 Nil Nil 287,500(6) 2,578,109
2016 Nil Nil Nil Nil Nil Nil 125,000(6) 125,000
Steve Dobler,
President and Director(7) 2018 250,000 483,000 235,495(8) 125,000 Nil Nil Nil 1,093,495
2017 58,636(9) 50,000 1,854,167(8) 125,000 Nil Nil 200,000(9) 2,287,803
2016 Nil Nil Nil Nil Nil Nil 75,000(9) 75,000
Glen Ibbott,
Chief Financial Officer(10)
2018 250,000 483,000 235,495 125,000 Nil Nil Nil 1,094,245
2017 37,500 10,417 1,648,462 20,833 Nil Nil Nil 1,717,212
2016 N/A N/A N/A N/A N/A N/A N/A N/A
Amy Stephenson,
Former Chief Financial
Officer(11)
2018 Nil Nil Nil Nil Nil Nil 10,000(12) 10,000
2017 Nil Nil 58,944 Nil Nil Nil 163,250(12) 222,194
2016
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
John Bean,
Former Chief Financial Officer and Director(13)
2018 Nil Nil Nil Nil Nil Nil Nil Nil
2017 Nil Nil Nil Nil Nil Nil 9,900(14) 9,900
2016 Nil Nil Nil Nil Nil Nil 43,200(14) 43,200
Cameron Battley,
Chief Corporate Officer(15) 2018 250,000 483,000 544,466 125,000 Nil Nil Nil 1,403,466
2017 200,000 50,000 589,356 100,000 Nil Nil Nil 939,356
2016 N/A N/A N/A N/A N/A N/A N/A N/A
Allan Cleiren,
Chief Operating Officer(16)
2018 250,000 483,000 243,495 125,000 Nil Nil Nil 1,102,245
2017 20,192 5,209 1,482,945 5,209 Nil Nil Nil 1,513,375
2016 N/A N/A N/A N/A N/A N/A N/A N/A
Notes:
(1) The fair value of the share-based awards for the 2018 financial year was based on the closing price of $2.76 on September 28, 2017. The share-based awards for the 2017 financial year were accrued during the year ended June 30, 2017 and granted on September 28, 2017, and the fair value of these awards was based on the closing price of $2.76 on September 28, 2017.
(2) Options are valued using the Black-Scholes option pricing model as described in the Company’s audited financial statements for the years ended June 30, 2018 and 2017. These amounts represent the fair value of the Options at the date of grant.
(3) STIs for the year ended June 30, 2018 were paid on August 10, 2018, and STIs for the year ended June 30, 2017 were paid on September 25, 2017.
(4) Mr. Booth was appointed Chief Executive Officer on December 9, 2014. Mr. Booth does not receive any compensation for his role as a Director.
(5) Stock options were granted to Lola Ventures Inc., a private company controlled by Mr. Booth.
(6) Management fees paid to Lola Ventures Inc., a private company controlled by Mr. Booth. Effective January 1, 2017, Mr. Booth entered into an employment agreement with the Company.
(7) Mr. Dobler was appointed President on December 9, 2014. Mr. Dobler does not receive any compensation for his role as a Director.
(8) Stock options were granted to 1771472 Alberta Ltd., a private company controlled by Mr. Dobler.
(9) Management fees paid to 1771472 Alberta Ltd., a private company controlled by Mr. Dobler. Effective January 1, 2017, Mr. Dobler entered into an employment agreement with the Company.
(10) Mr. Ibbott was appointed Chief Financial Officer on May 8, 2017.
(11) Ms. Stephenson was appointed Interim Chief Financial Officer on August 4, 2016 and ceased to be CFO effective May 8, 2017. Ms. Stephenson provided transition consulting services until August 9, 2017.
(12) CFO service fees paid to Branson Corporate Services Inc. Adam Szweras, a director of the Company, has a 24.5% indirect interest in Branson, through a family trust for the benefit of his minor children.
(13) Mr. Bean was appointed Chief Financial Officer on December 9, 2014 and ceased to be CFO effective August 2, 2016.
(14) CFO management fees paid to InSpire Consulting Services Ltd., a company controlled by Mr. Bean.
(15) Mr. Battley was appointed Executive Vice President on November 7, 2016 and promoted to Chief Corporate Officer on January 8, 2018.
(16) Mr. Cleiren was appointed Chief Operating Officer effective May 8, 2017.
- 23 -
Lyimg Battlery claims to have best margins in industry...look at Pure Farms
EMERALD HEALTH THERAPEUTICS PURE SUNFARMS JV RECORDS Q3 NET SALES OF $24.0 MILLION, 69% GROSS MARGIN, 56% EBITDA MARGIN, FOURTH CONSECUTIVE QUARTER OF POSITIVE EBITDA, AND $0.63/GRAM ALL-IN PRODUCTION COST
Emerald Health Therapeutics Inc. has provided preliminary, unaudited financial results for the third quarter of 2019 for its British Columbia-based, 50-per-cent-owned joint venture, Pure Sunfarms (PSF). The Company will report complete financial results for the third quarter ended September 30, 2019, after market close on Friday, November 29, 2019, and host its third quarter 2019 financial results conference call on Monday, December 2, 2019 at 10:30 a.m. ET.
Debenture conversion 6% discount to VWAP Novemb18-20
The March debenture cnversion window is Nov. 18-20 and will result in 40M shares that may hit the market hard at the weakest time...look for contniued weakness in the stock as most cannabis investors are looking to get out cash and this is a chance to get out whole in a crashing market by shorting the stock and converting at a 6% discount. will be selling pressure until Nov 20
.On November 14, 2019, the Company announced that it has provided notice to all holders of Aurora’s $230.0 million 5% unsecured convertible debentures due March 9, 2020 (Note 12(i)) of an option to voluntarily convert their debentures at a temporarily amended early conversion ratio equal to $1,000 principal amount of the debentures divided by an amended early conversion price (the “Amended Early Conversion Ratio”). The amended early conversion price will represent a 6% discount to the average daily VWAP of Aurora’s common shares on both the Canadian and U.S. stock exchanges on a forward looking basis, as outlined in the indenture dated March 9, 2018, as supplemented by a first supplemental indenture, between the Company and Computershare Trust Company of Canada (the “Trustee”) governing the debentures (the “Indenture”), which has been filed under the Company’s profile on SEDAR at www.sedar.com. Debenture holders who opt in will be able to convert their debentures at the Amended Early Conversion Ratio during the period from November 18, 2019 to November 20, 2019 (the “Amended Early Conversion Option”) andwill receivethefollowingforeach$1,000principalamountofdebenturesconverted:(i)allcommonsharescontractuallydueundertheAmended Early Conversion Ratio, (ii) accrued and unpaid interest from the last interest payment date, being June 30, 2019, to, but excluding, November 25, 2019, payable in cash, and (iii) future unpaid interest from November 25, 2019, to, but excluding, the date of maturity of the debentures, being March 9, 2020, payable in cash. Debenture holders who do not convert under the Amended Early Conversion Option will retain their full rights under the Indenture governing the debentures.
Read more at https://stockhouse.com/companies/bullboard?symbol=acb&postid=30355030#oBQxTSULPpHeD4H3.99
Whats the story with this deal..I hear talk of merger....with CEO's sister? No info on who merger is with
All od this is ambiguous and no solid posts of anything to do with business entity other then pump and dump
Some please post contact info on company and solid news
rumour is that this technology is being pursued
http://www.yissum.co.il/technologies/project/5695http://www.yissum.co.il/technologies/project/5695
CANNABINOIDS-CONTAINING BEVERAGES
Touitou Elka, HUJI, School of Medicine - IMRIC, School of Pharmacy- Institute for Drug Research
Can someone post an informed honest fact sheet about what SBESis and what they are planning and what events are expected to move this stock...I see it had a year high of $.027
First Responder Technologies is doing an IPO and offering Canadian investors a placement at $.35 and at a fraction of Liberty and Patriot valuation...Same guy who started Patriot has started First Responder
https://www.firstrespondertech.com/concealed-weapons-detection-products/
WiFi Concealed Detection Device
First Responder is developing a patent pending concealed weapons detection product, licensed from Rutgers University and developed in Vancouver with the assistance of Misty West:
1
WiFi based concealed weapons and explosives detection product for use by first responders on laptops and handheld devices.
Can anyone post any analysts report here on PTOTF please
Looks shady as hell with micro cap market and management refuses to put their contact info anywhere for investors to see. Do anyone know the contact numbers and if this is run out if a crack shack. Any company info would be appreciated
It looks like it was run upto to $.28 on the last pump
jbl1965...
Great to see you supporting this stock and your sentiment about Malhi being gone resonates with shareholders...the stock has done nothing but rocker returns since Latorre joined and its great to see the big spike on Latorre taking total charge today....I hear he has a huge equity position in this and probably is buying Malhi out...Latorre should get s back to the $.50 level..hear he knows the markets well...I am sure once he has bought Malhi out,,this stock will rock..Wong is a great addition to this team
BTH to enter cannabis pharma field? I wonder what that would do to the stock price..If they were to licence a cannabis based pharma deal and two two technologies
Drilling for Gold Guinea
Nortec Minerals (NVT.V 13 cents)
www.nortecminerals.com
We will be following NVT for several months to see what transpires during an upcoming drill program. This is a gold and lithium exploration company but we are most interested in their Guinea (West Africa) gold project. They neighbor a gold mine controlled by Anglo-Ashanti that employs 3,500 people (The SAG – Siguiri Mine). SAG is a joint venture with the government known as Société AngloGold Ashanti de Guinée (SAG).
Based upon ground-work to date, this looks promising and given the proximity to Siguiri, if drilling is successful, they will not require the huge capital costs associated with building a mine – simply because the neighboring mine would likely want to acquire the project to extend mine life.
image: http://www.stockhouse.com/getattachment/4c099d9b-7ca9-4f72-83f6-e3d3ab3f0a7b/Trax1Feb27-(1).jpg?width=450&height=226
Trax1Feb27-(1).jpg
(click to enlarge)
If the image above is difficult to read, the Red Block is NVT’s Tomboko Permit and the Yellow Block is the large Siguiri Mine. The Tomboko permit boundary is only 7km to Siguiri’s plant / mill and 3km to their tailings pond. If economic gold reserves are proven on Tomboko, you can see where it makes sense for SAG to acquire these permits.
image: http://www.stockhouse.com/getattachment/6dc7e915-731b-4aa3-91cc-f42a8c1186b1/Trax2Feb27.jpg
Click to enlarge
Nortec has identified 3 areas of focus within the Tomboko permit, these are referred to as Tom-1, 2 and 3. Much of this is based on large gold sampling programs from 2007 and 2008 where soil and termite mounds were sampled to determine gold values in the soil. The 2007 project tested 1,000 soil samples and was followed up with a much more rigorous program in 2008 where 8,641 samples were collected. With nearly 10,000 soil samples, there is now considerable data to help plan a drilling plan so the likelihood of a successful drilling program is relatively high.
Guinea’s mineral wealth includes iron ore, diamonds, uranium, and gold. There are at least 3 large, international gold companies currently operating in Guinea: AngloGold Ashanti, Nordgold, and Semafo. It’s important to know that there are large miners operating in a country, not just to ensure policy, protocol and practices have been established, but current operators tend to be potential suitors for new gold exploration properties.
Nortec’s permits are in the northern part of the Birimian Siguiri basin, a well-known prolific gold-producing area.
image: http://www.stockhouse.com/getattachment/256664f9-2016-4287-aa91-ed4afa1d7c95/Trax3Feb27.jpg
Click to enlarge
POTENTIAL (NVT) PROJECT ECONOMICS
In the mining industry, capital is scrutinized to the extreme and SAG is investing $400 million over the next 8 years (they hope to be around for a while).
The three-year trailing all in sustaining costs (AISC) at Siguiri are $989/oz. The average recovered grade at Siguiri for the last three years has been 0.84g/tonne. A key note here is that this is recovered grade, which is different than the mined grade - which is again different than the in-situ sampled grades. If we assume an 80% recovery at the plant, we can back-calculate the mined grade is somewhere around 1.0-1.1 g/tonne for Siguiri.
We will assume that NVT’s Tom-1 would have the same grade (although past work indicates the grade could be considerably higher)
We will assume a 25km haul at $0.15/t-km would increase operating costs by ~$38M/year or 14%
We will also assume some capital would have to be spent on roads and infrastructure (to haul from Tomboko to the SAG plant). At $500,000/km, a new haul road would cost ~$13M plus $7M in miscellaneous infrastructure costs. This puts development capital at ~$20M (next to nothing for a large mine).
This is why the location of Tomboko is more important than grade.
If we’re to include the entire haul distance as extra haulage costs, the AISC would be ~$1,130/oz. which is still slightly economic. So, if the grade was the same as what SAG is currently mining, odds are, that no later than 2023, we would see mining begin by SAG on Tomboko.
From the past channel and grab sampling done on Tom-1, the average in-situ grades of the 6 highest samples was 24.13 g/tonne, which at a 10:1 dilution gives us 2.41 g/tonne. If we are to assume an 80% recovery, this would result in 1.93g/tonne recovered grade versus SAG’s current 3-year average of 0.84 g/tonne.
Let’s take a blue-sky approach to this to see the potential.
If the drilling program on Tom-1 can justify a large enough deposit to invest the $20M in capital and the recovered grade was 1.93 g/tonne versus the current 0.84 g/tonne. The increase in gold production and resultant savings per ounce each year for SAG would be dramatic.
Comparing the grades, this would increase Siguiri Mine production by 352,000 ounces per year to a total of 629,000 ozs. for an additional cost of only ~$60M/year (operating and capital). That’s an extra $444M in revenue at today’s gold price for only an additional $60M in spending per year or an increase in net profit of $384M/year. If this were the case, the AISC which currently sits at $989/oz. would drop to $526/oz.
EVEN IF THEY ONLY MINED 1 TO 2 YEARS:
1yr - spend $20M on development capital – haul road and infrastructure + $38M on incremental haul cost (worst case scenario assuming 25km).
Move 10.1 million tonne of rock per year (3yr trailing average for the existing mine)
> that 10.1M tonne of rock results in:
10.1 x 1.93 g/t = 629,000 ounces
Incremental capital (extra cost) was $20M + 38M hauling… BUT the extra revenue is $444M U.S.
THIS IS A “NAPKIN” EXAMPLE OF WHERE PROJECTS LIKE THIS CAN MAKE A LOT OF SENSE.
Then it boils down to… what is that incremental revenue worth to SAG?
** This is factored into only one year of mining, and all capital spent and depreciated in the same year.
The tiniest increase in grade of their reserves, makes TOMBOKO that much more important to them.
FOR DEBT LADEN MINING GIANTS… THIS INCREMENTAL REVENUE IS CRITICALLY IMPORTANT
AND ITS ONLY POSSIBLE BECAUSE OF THIS….
image: http://www.stockhouse.com/getattachment/a6de2b5c-336d-4774-b23f-98ae9f1e47e1/Trax4Feb27.png
Click to enlarge
Fig. – Potential annual profit to SAG versus recovered grade at Tomboko
It is important to remember that NVT has NO proven reserves at this stage. The first stage in proving this project may have economic potential is the upcoming drill program. In February, they requested bids from local companies for 2,500 metres of reverse circulation drilling. Per their last press release:
“Nortec already has a management and technical team in place to monitor and supervise the drill program. The program will initially be focused on the Tom-1 zone north target. Drill hole pads have already been located for drilling.”
CONCLUSION
Nortec has 50 million shares outstanding with 16 million of those issued in December at 5 cents. In April this paper will become free trading so we want to be “cautious” of it. If they produce strong results from the upcoming Guinea drill program (expected to start sometime in March), this paper should not be an issue.
If they are able to drill in March (or even April), we must then wait for assays (analyzing drill core). Some companies can turn this around quickly, but other times it can take months. I don’t know what their turn-around time will be in this region of Africa but this “timing risk” is why a person wants to get paper as cheap as possible (because we need time to wait this out).
A successful drill program would indicate that this share price could go a lot higher. However, in the interim, a person would want to see how much paper comes out in the low or mid teens (to manage downside risk). During and after the drill program, they should be able to promote this story as it is quite appealing.
Just keep in mind that if drill results come back weak, the share price could easily fall below 10 cents. The upside potential is strong, but be aware of your downside risk once drill results are known.
_____________________________________________________________________
Read more at http://www.stockhouse.com/opinion/tickertrax/newsletter/2017/02/27/spring-gold-spec-nvt-13-cents#iWEIE9IZdkBrLmqe.99
Closing of Kushtown deal is great news. For those who do not understand why the news release puts a value of $.15 per share on the shares to be issued to the vendors, it is for tax purposes that a value has to be assigned to the shares being issued
When Kushtown and Finore first made the agreement, Finore was trading at $.02 on October 28. The deal was for the company to issue $1M of Finore stock to the Vendors and the valued was deemed to be $.15 (when Finore was trading without any asset and at $.02).
So this news release finalizing the deal is an improvement as they are only issuing 4M shares and are paying $750K in cash.
For those that do not know the true history of this deal...here is the first news release announcing the Letter of Intent in October when the stock was a shell and not trading much at $.02.
http://www.marketwired.com/press-release/finore-mining-announces-letter-agreement-acquisition-kushtown-usa-llc-leading-california-cse-fin-2170692.htm
October 28 News Release...Price on October 28 for Finore was around $.02 to .03 cents
Pursuant to the terms of the Letter Agreement, the Company will, within 14 days of signing of the Letter Agreement, pay the shareholders of Kushtown aggregate cash consideration of US$50,000 (the "Cash Payment") and shall advance a loan to Kushtown of US$50,000 (the "Loan"). The Cash Payment and the Loan will be evidenced by a promissory note(s) and will be secured by a pledge over in aggregate 20% of the issued and outstanding shares of Kushtown. In addition, upon closing of the Transaction, the Company will issue to Kushtown shareholders an aggregate of 8,440,845 common shares in the capital of the Company (the "Payment Shares") at a deemed price of CDN$0.15 per Payment Share for total share consideration of CDN$1,266,126.75 (US$950,000). The Payment Shares will be subject to escrow conditions and/or resale restrictions as required by applicable securities laws and the policies of the Canadian Securities Exchange (the "CSE").