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Bold news today! Not only is this important because of the total population addition to RHT revenue stream but it is, possibly, a very important impetus for further similar deals in the future!
" (“Reliq” or the “Company”), a technology company focused on developing innovative mobile health (mHealth) and telemedicine solutions for Community-Based Healthcare, today announced that it has signed a contract with Comprehensive Partners (FL) to provide the iUGO Care Remote Patient Monitoring (RPM) and Chronic Care Management (CCM) platform to over 25,000 eligible Medicare patients.
“We are thrilled to be working with Comprehensive Partners to bring our iUGO Care Remote Patient Monitoring (RPM) and Chronic Care Management (CCM) platform to their more than 25,000 chronic condition patients throughout Florida,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. “The Comprehensive ownership team is well respected throughout the state of Florida and have been providing health care services to thousands of patients there for the past 40 years. We look forward to helping them build on their track record of innovation to improve the health outcomes of the patient in their home. We are also very pleased to be working with our telemedicine and integration partner, Blum Telehealth on this account. Our partnership with Blum Telehealth has expanded our capacity to integrate with multiple clinical information systems, and has led to significant new business opportunities for both companies. The contract with Comprehensive Partners is the first product of what we expect to be a long and fruitful collaboration with Blum.”
“Comprehensive Partners is very pleased to be able to leverage the new coverage the Centers for Medicaid & Medicare Services (CMS) introduced for Medicare patients this year to provide Remote Patient Monitoring and Chronic Care Management to our partner physicians and our patients,” said Denise Bellville RN, COS-C, President of Comprehensive Partners. “We know that proactive management of patients’ chronic conditions in the community setting can reduce ER visits and hospitalizations, decrease health care costs and improve quality of life for patients and their families. We believe that providing the iUGO Care platform to our clients supports our commitment to delivering the best possible care to patients in the home.”
“We selected Reliq as our RPM/CCM partner after a comprehensive international search for the best in class RPM/CCM platform,” said Steve Clark, CEO of Blum Telehealth. “Blum provides telehealth solutions to thousands of healthcare stakeholders and we are pleased to be able to offer Reliq’s iUGO Care solutions to our clients. At Blum we are committed to reducing health care costs and improving health care for patients and communities.”
About Comprehensive Partners
Comprehensive Partners was formed to take advantage of the more than 69 years of combined experience in providing Health Care Services to patients in 193 cities and 39 counties throughout the state of Florida. Through the developed relationships with physician partners and their own knowledge of the health care industry, the ownership team at Comprehensive recognize the needs of patients and promote preventative health programs to maintain the highest quality life.
About Blum Telehealth
Blum is a unique healthcare platform that was designed and developed to disrupt the current closed telehealth market by enabling every stakeholder in the healthcare marketplace to connect and collaborate through one common virtual care platform. The Blum platform allows each stakeholder to build their own private virtual care network which promotes collaboration and continuity, which leads to better outcomes and reduced healthcare cost.
About Reliq Health
Reliq Health Technologies is a healthcare technology company that specializes in developing innovative software solutions for the Community Care market. Reliq’s powerful iUGO Care platform supports care coordination and community-based healthcare. iUGO Care allows complex patients to receive high quality care at home, improving health outcomes, enhancing quality of life for patients and families and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent costly hospital readmissions and ER visits. Reliq Health Technologies trades on the TSX Venture under the symbol RHT and on the OTCQB as RQHTF."
Important news from management shows a potential revenue source for the company
"MPX International Corporation (C-MPXI) - News Release
ORIGINAL: MPX International Completes Definitive Agreements for Cannabis Joint Venture in South Africa
2020-02-20 06:45 CT - News Release
MPXI Close 2020-02-19 C$ 0.335
NOT FOR DISTRIBUTION TO NEWSWIRE SERVICES IN THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS.
TORONTO, Feb. 20, 2020 (GLOBE NEWSWIRE) -- MPX International Corporation (“MPX International,” “MPXI” or the “Company”) (CSE:MPXI; OTCQX:MPXOF) is pleased to announce that it has completed definitive agreements pursuant to the previously announced joint venture to establish low-cost cultivation using hi-tech greenhouses on the Sonop Farm, which is located in the traditional wine-growing region of Stellenbosch in South Africa’s Western Cape approximately 50 kilometres east of Cape Town. The biomass produced from the Company’s operations in South Africa are expected to primarily support MPXI’s operations in Malta. Upon receipt of a license to import, extract, produce finished products and distribute cannabis and cannabis derivatives, MPXI Malta Operations Ltd., a subsidiary of the Company, will produce EU-GMP quality cannabis oils and cannabis derivative products and pursue regulated medical cannabis distribution opportunities in Europe through Salus BioPharma Corporation, a wholly-owned subsidiary of the Company, as well as in Canada and Oceania.
Pursuant to the terms of the definitive agreements, MPXI has acquired an 80% interest in First Growth Holdings (Pty) Ltd. (“First Growth”) with the remaining 20% held by Simonsberg Cannabis Pty Ltd. (“Simonsberg”), whose shareholders include a prominent local winery continuing MPXI’s string of successful local partnerships.
First Growth has applied under the Medicines and Related Substances Act, No. 101 of 1965 (South Africa) for a license to cultivate cannabis from the Sonop Farm (the “License”) from South African Health Products Regulatory Authority (“SAHPRA”). Construction commenced on the first cultivation phase of the project in September 2019 on an initial half hectare (approximately 54,000 square feet) with full development of the project resulting in up to six hectares (approximately 646,000 square feet) of advanced EU-Good Agricultural Practices (“EU-GAP”) certified greenhouse cultivation and EU-Good Manufacturing Practice (“EU-GMP”) certified extraction and processing laboratory.
The Company and Simonsberg loaned a principal amount of US$1.7 million on construction of the project with US$500,000 from Simonsberg at an interest rate of U.S. LIBOR plus 3% per annum. Upon receipt of the License, the US$500,000 loan from Simonsberg plus accrued and unpaid interest are convertible into common shares (the “Shares”) of MPXI at a deemed conversion price of C$0.35 per Share and based on the exchange rate posted by the Bank of Canada as of the date of the achievement of the License.
Upon First Growth achieving the applicable milestones outlined below, MPXI will issue warrants in MPXI (“MPXI Warrants”) to Simonsberg up to an exercise value of US$5,000,000. The MPXI Warrants will be issued in tranches, as outlined herein, will have a term of three years, and at an exercise price equal to the greater of (a) C$0.35 with respect to Warrant B and C and C$0.42 with respect to Warrant D, E and F and (b) the five day volume weighted average price (the “VWAP”) of MPXI on the Canadian Securities Exchange (the “CSE”) as of the day the respective milestone has been met, unless otherwise indicated below. The MPXI Warrants will be issued pursuant to all applicable securities laws, regulations, rules, rulings and orders and the rules of the CSE. The MPXI Warrants will be issued as follows:
Warrant A: US$500,000 exercise value upon receipt by First Growth of the License from SAHPRA with an exercise price determined as the five-day VWAP of the MPXI Shares on the CSE as of the date of the definitive agreements;
Warrant B: US$500,000 exercise value upon receipt by First Growth of the License from SAHPRA;
Warrant C: US$1,000,000 exercise value upon successful cultivation and processing of 1,000 kg of Good Agricultural and Collection Practice (“GACP”) grade dried flower suitable for delivery to an extraction facility;
Warrant D: US$1,500,000 exercise value upon successful cultivation and processing a further 5,000 kg (aggregate of 6,000 kg) of GACP grade dried flower suitable for delivery to an extraction facility;
Warrant E: US$500,000 exercise value, upon the earlier of the (i) receipt by First Growth of an extraction and manufacturing license from SAHPRA and (ii) date that is twelve (12) months from the date that First Growth receives the License, if plans to build and fund an EU-GMP compliant extraction and manufacturing facility have not been approved; and
Warrant F: US$1,000,000 exercise value, upon the earlier of (i) successful delivery of 100 kg of EU-GMP grade cannabis extract through First Growth’s processing facility and (ii) date that is twelve (12) months from the date that First Growth receives the License, if plans to build and fund an EU-GMP compliant extraction and manufacturing facility have not been approved.
In addition, First Growth will pay to Simonsberg a royalty of US$0.10 per gram of dried flower shipped.
“As part of our strategy to create a cost-effective global supply chain, MPXI needed to create a source of high-quality, but low-cost cannabis biomass which could be easily exportable to Europe and other high- value cannabis markets,” commented W. Scott Boyes Chairman, President and CEO of MPXI. “We explored several potential cultivation jurisdictions taking into consideration relative production costs, sovereign risk, comparative ability to achieve GACP and EU-GMP certifications, readily-available infrastructure, governmental and legislative support for cannabis projects, the stability of the business environment and the availability and quality of local management/partnerships. South Africa, and the Western Cape, in particular, proved to be the best venue with high marks in each category.”
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d98c2f28-c962-41a4-ab82-53cca83f25f4
“Our partnership with our local South African partners has already proven itself to be highly-effective,” added Mr. Boyes. “In a few short months, the South African team selected suitable land with easy access to electricity and water, immediately adjacent to a major highway, and only 45 minutes from Cape Town’s airport and container pier. The site has been graded, fenced and the initial half hectare of high-tech greenhouse has been erected, equipped with security equipment and has received a preliminary inspection by SAHPRA. The next phase of the development will include internal fixturing and readiness for the commencement of cultivation expected mid-to-late 2020.”
Simon Back, Director of Simonsberg, adds, “MPXI brings a wealth of experience in the cannabis industry, and together with our team's local knowledge and skills, we are confident that we will deliver on the vision of creating a world-class cultivation facility here in the Winelands.”
About MPX International Corporation
MPX International Corporation is focused on developing and operating assets across the global cannabis industry with an emphasis on cultivating, manufacturing and marketing products which include cannabinoids as their primary active ingredient.
An addition to the board announced which looks to be a very good appointment.
But the news of a 'shares for debt' revelation is disappointing! I would have thought that the company's present revenue production would be able to handle such an expense without incurring the share dilution.
"("Kontrol" or "Company") a leader in the energy efficiency sector through IoT, Cloud and SaaS technology is pleased to announce that Joanna Osawe has been appointed to its Board of Directors.
Joanna Osawe is the Chair, President & CEO of Women in Renewable Energy (WiRE), a group which encourages and supports women to enter the renewable energy industry. WiRE is inclusive and educates on all renewable and emerging energy technologies with chapters in St. John's, Halifax, Montreal, Ottawa, Toronto, Mississauga, Windsor, Calgary, Edmonton, Saskatchewan and Vancouver and Kamloops. WiRE has expanded with its 1st International Launch in Istanbul, Turkey with the Canadian Embassy and as of 2019 WiRE has expanded to Tbilisi Georgia, Baku Azerbaijan and Amman Jordan. WiRE is expanding in the MENA regions currently. WiRE regularly organizes educational field trips, monthly networking meetings, an awards recognition program, student mentoring and bursaries, communications and engagement initiatives. Joanna also works at DMC Power as the Global Business Development Manager, Major Projects.
Joanna studied languages at Western University, graduating with an Honours BA. Joanna has used her language skills on a focused, 15+ year management career at leading renewable and energy sector companies in Canada and the United States. By carrying complex projects through many stages, she has seen firsthand the vital role renewable energy and emerging technologies serve in moving the Canadian, American and Global energy mix forward.
"We are very pleased that Joanna has joined the Kontrol Board of Directors. Joanna has extensive experience in the alternative energy markets and a global reach through her fantastic work through Women in Renewable Energy (WiRE)," stated Paul Ghezzi, CEO of Kontrol Energy.
Shares for Debt
The Company also announces that it has issued 173,586 common shares at a deemed price per share of $0.58 in settlement of $100,680 in outstanding debts (the "Transaction")."
March 3 will see financial news from management which should give shareholders a more definitive insight into the revenue power of the company. Hopefully, it will meet if not surpass expectations. Announced projects have had time to be uploaded participants and establish a significant revenue stream.A CRUCIAL ACHIEVEMENT IS NEEDED.
(“Reliq” or the “Company”), a technology company focused on developing innovative mobile health (mHealth) and telemedicine solutions for Community-Based Healthcare, wishes to inform shareholders that it will be hosting a webinar on March 3, 2020 at 6:00am PST / 9:00am EST to review the Company’s quarterly financial statements for Q2 Fiscal Year 2020 (October 1 – December 31, 2019), and provide a corporate update.
A further attempt by management to expose the
company's major AR products to the Market place. Hope it entices more awareness of the company's products.
" Imagination Park Technologies Inc. (CSE: IP) (OTC: IPNFF) proudly announced it has signed on as a Sponsor of the legendary boxing, UFC (MMA), and Bare Knuckles Fighting Cutman Jacob "Stitch" Duran, who will be working in Tyson Fury's corner, for one of the most anticipated rematches in recent boxing history. The Championship Fight will be hosted at the sold-out MGM Arena on February 22,2020 and broadcast to millions worldwide on TV and PPV.
"Imagination Park is absolutely thrilled to be a part of this historic rematch represented by Stitch in Tyson Fury's Corner," said Alen Paul Silverrstieen, CEO & President. "We are the first-ever Augmented Reality company to be represented at such a historic sports event by a legend in both boxing and UFC for decades. Millions of sports fans worldwide will see our ImagineARTM logo and website on Stitches vest in the ring."
For this event, Imagination Park has created a FREElimited-editionStitch Duran AR Model which boxing fans worldwide can place in their living room or bar starting today through the end of February!
Download ImagineAR mobile app from the IOS or Android App Store.
Launch ImagineAR & select the top menu choice "AR Near Me".
Select one of the three AR Nearby! on the bottom of the screen.
Place Stitch model with the white guide lines on any flat surface & Tap Stitch to place him. The closer to you, the bigger he will appear.
Take a picture with Stitch and instantly share in social media (Twitter, Instagram, TikTok, Facebook) with the hashtag #StitchWithMe. Imagination Park will be giving away a Stitch Prize Package to the best Stitch AR Picture shared in social media."
Cool apparently has successively developed a significant growth of flower products. This should produce significant revenue for the company. However, the structure of the component parts of the company makes it difficult to guestimate profit production. The next quarter numbers should be very revealing.
" ("COOL" or the "Company") announces that its wholly-owned subsidiary, Core Isogenics Inc., has completed its seventh and eighth consecutive harvests at the Adelanto facility.
The Core Isogenics' nursery and cultivation team continue to demonstrate consistent execution completing eight multiple strain harvests in eight weeks. This reliable execution is setting Core Isogenics apart from the numerous struggling cultivators in California. Core Isogenics has proven capable of meeting timely deliveries and contract deadlines. Now that Core Isogenics' cultivation portion of the facility is fully operational the Company will begin harvesting approximately 40-60lbs on a weekly basis to be sold in bulk or through its in-house brand Rêveur.
The facility is equipped with a technology that allows the Company to track the growing conditions in the vegetation and cultivation rooms while documenting both the feeding schedule and soil conditions, enabling the Company to accurately assess and modify the cultivation process creating a dependable model vastly superior to human by-hand methods of the past. The monthly revenue produced from the cultivation operations at today's wholesale market prices will continue to exceed the current operational cost of the entire Adelanto facility. The Company believes the consistent production of high-grade flower from the cultivation operations will translate into solid contracts to grow not only Core One Labs' quality flower but the ability to offer third-party brands a guaranteed production and delivery every week. In addition, the trim and shake from the flower production will translate into an additional revenue thereby further increasing the Company's margins for its existing product lines, Rêveur and CannaStrips™.
The CEO of COOL, Brad Eckenweiler, commented, "The Core Isogenics cultivation operations continue to impress the management team and the numerous brands that have visited the facility over the last eight weeks. This achievement is the foundation for a revenue model that can sustain COOL in-house products such as CannaStripsTM and Rêveur, as well as any additional brands that will benefit from a consistent high-quality product delivered on time. This demonstrated consistency is vital to our business model and to our third-party vendors. Our goal is to achieve continued solid predictability in every harvest." The Company will continue to update the market as information becomes available.
About Core Isogenics Inc.
Core Isogenics Inc. is a City permitted and State licensed cultivation and nursery operation in the California cannabis industry. Developing isogenic seed strains and automated cultivation methods for the cannabis industry with Core One Labs Inc., a British Columbia company.
About Core One Labs Inc.
Core One Labs Inc. is a technology company that licenses its technology to a state-of-the-art production and packaging facility located in Southern California. The Company's technology produces infused strips (like breath strips) that are not only a safer, healthier option to other forms of delivery but also superior bioavailability of cannabis constituents. Some strips will also include supplemental co-active ingredients such as nutraceuticals, vitamins and peptides. The technology provides a new way to accurately meter the dosage and assure the purity of selected product. From start to finish, the production process, based on the Company's technology, tests for quality and composition of all the ingredients used in every strip which results in a delivery system that is safe, consistent and effective. In addition, through its efforts to develop a better CannaStripsTM product, the Company has developed considerable expertise in cannabis extraction and nursery activities. The operational expertise developed by the Company as a result of these efforts has created new market opportunities for the Company in white label sales."
A further attempt by management to expose the company"s major AR products to the Market place. Hope it entices more awareness of the company's products.
" Imagination Park Technologies Inc. (CSE: IP) (OTC: IPNFF) proudly announced it has signed on as a Sponsor of the legendary boxing, UFC (MMA), and Bare Knuckles Fighting Cutman Jacob "Stitch" Duran, who will be working in Tyson Fury's corner, for one of the most anticipated rematches in recent boxing history. The Championship Fight will be hosted at the sold-out MGM Arena on February 22,2020 and broadcast to millions worldwide on TV and PPV.
"Imagination Park is absolutely thrilled to be a part of this historic rematch represented by Stitch in Tyson Fury's Corner," said Alen Paul Silverrstieen, CEO & President. "We are the first-ever Augmented Reality company to be represented at such a historic sports event by a legend in both boxing and UFC for decades. Millions of sports fans worldwide will see our ImagineARTM logo and website on Stitches vest in the ring."
For this event, Imagination Park has created a FREElimited-editionStitch Duran AR Model which boxing fans worldwide can place in their living room or bar starting today through the end of February!
Download ImagineAR mobile app from the IOS or Android App Store.
Launch ImagineAR & select the top menu choice "AR Near Me".
Select one of the three AR Nearby! on the bottom of the screen.
Place Stitch model with the white guide lines on any flat surface & Tap Stitch to place him. The closer to you, the bigger he will appear.
Take a picture with Stitch and instantly share in social media (Twitter, Instagram, TikTok, Facebook) with the hashtag #StitchWithMe. Imagination Park will be giving away a Stitch Prize Package to the best Stitch AR Picture shared in social media."
Probable reason shares are moving higher today
"Imagination Park (OTC: IPNFF) (CSE: IP) debuted at Wall Street Reporter’s Next Super Stock Conference on February 12, 2020. IPNFF is carving out a lucrative opportunity in the exploding $120 billion Augmented Reality (AR) market by enabling businesses of any size to create and implement their own AR campaigns with no programming or technology experience.
Imagination Park CEO Alen Paul Silverrstieen shared with investors how IPNFF’s is gaining traction with major retailers and sports franchises like the Sacramento Kings basketball team, Basketball Hall of Fame, AT&T, Motor Trend, and others, helping increase their revenues by offering customers engagement and immersive experiential experiences.
Using IPNFF’s AR technologies, Customers simply point their mobile device at logos, signs, buildings, products, landmarks and more to instantly engage videos, information, advertisements, coupons, 3D holograms and any interactive content all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The AR Enterprise platform supports both IOS and Android mobile devices and upcoming wearable technologies.
Imagination Park (OTC: IPNFF) (CSE: IP) debuted at Wall Street Reporter’s Next Super Stock Conference on February 12, 2020. IPNFF is carving out a lucrative opportunity in the exploding $120 billion Augmented Reality (AR) market by enabling businesses of any size to create and implement their own AR campaigns with no programming or technology experience.
Imagination Park CEO Alen Paul Silverrstieen shared with investors how IPNFF’s is gaining traction with major retailers and sports franchises like the Sacramento Kings basketball team, Basketball Hall of Fame, AT&T, Motor Trend, and others, helping increase their revenues by offering customers engagement and immersive experiential experiences.
Using IPNFF’s AR technologies, Customers simply point their mobile device at logos, signs, buildings, products, landmarks and more to instantly engage videos, information, advertisements, coupons, 3D holograms and any interactive content all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The AR Enterprise platform supports both IOS and Android mobile devices and upcoming wearable technologies.
TRST update gives us some guidelines for the future.
First quarter of 2020[Jan,Feb,Mar] Niagara Facility remediation completed and reported to HC
Second quarter [Apr, May, Jun] Vaughan Facility completed and reported to HC’
Then completed historical financial reports required by HC will be filed. Then, and only then, will the company, hopefully, receive compliance approval from HC and the future of the company can be resolved by compliant decisions of management.
The update was obviously drafted with legal advice. Thus the listing of liabilities was a necessary inclusion.
As much as shareholders would like “glowing accounts”, reality MUST be evident at this stage.
So patience by shareholders must be exercised if we hope to see any future recovery. Do your own DD.
Finally a substantive report from management! Application to Health Canada for reinstatement of operations and new CEO placement and NYSE extension request. Light at the end of the tunnel is brighter and blue.
" CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) announced the appointment of Greg Guyatt as the Company's Chief Executive Officer and provided an update on the status of both its remediation plan and its New York Stock Exchange ("NYSE") listing.
Remediation Plan Update
CannTrust announced that it will be submitting on February 14, 2020 documentation to Health Canada regarding the completion of the Company's remediation activities at its Niagara Facility. This filing will be made in support of the reinstatement of that facility's licences.
CannTrust anticipates that remediation activities at the Company's Vaughan Facility will reach completion during the second quarter of 2020. The Company intends thereafter to submit the required documentation to Health Canada in support of the reinstatement of that facility's licenses.
Ultimately, any decision to reinstate the Company's licenses, and the timing and conditions of any such reinstatement, will rest solely with Health Canada. No assurance can be given that Health Canada will reinstate either the Niagara or Vaughan Facility licenses.
With its previously-announced completion of the investigation following CannTrust's receipt of non-compliance reports from Health Canada in July 2019, and with the submission of the Company's remediation package with respect to its Niagara Facility and the expected submission of the Company's remediation package with respect its Vaughan Facility during the second quarter of 2020, the special committee (the "Special Committee") appointed by CannTrust's Board of Directors will focus its attention on identifying and considering potential strategic alternatives for the Company. The Special Committee was appointed in July 2019 to investigate the circumstances surrounding the Company's receipt of non-compliance reports from Health Canada, to both provide oversight for the development and execution of the Company's remediation plan and review strategic alternatives.
The Company reminds readers that CannTrust remains in default of its disclosure obligations under securities legislation, has no meaningful revenues, has terminated or laid-off a significant portion of its workforce, is facing a variety of regulatory investigations, and has significant contingent liabilities in both Canada and the United States, including for potential civil damages and potential criminal, quasi-criminal or administrative penalties and fines, which cannot be reasonably quantified. The nature, timing, and outcome of the Special Committee's ongoing strategic review process will be influenced by, among other things, CannTrust's ability to extend or renew itsinsurance coverage on acceptable terms, whether or when Heath Canada reinstates the Company's licenses, how long it will take to restore operations and expectations regarding the resolution of the Company's contingent liabilities and potential regulatory actions. The Company's cash position as at January 31, 2020 was approximately $167 million.
Appointment of Chief Executive Officer and Interim Chief Financial Officer
CannTrust also announced that the Board of Directors has appointed Greg Guyatt, the Company's current Chief Financial Officer, as Chief Executive Officer ("CEO"), replacing interim CEO Robert Marcovitch, who will both remain with the Company as non-executive Chairman of the Board of Directors and resume his role as a member of the Special Committee. Mr. Marcovitch had assumed the role of CannTrust's Chairman and interim CEO in July 2019, following steps taken by the Board of Directors to remove senior personnel from the Company who were believed to have caused or acquiesced in the Company's serious compliance failures and other transgressions related to the matters that were the subject of the Health Canada non-compliance reports. These steps included the termination of the Company's former CEO for cause and the forced resignation of the Company's former Chairman. During Mr. Marcovitch's tenure as interim CEO, the Company also took steps to improve the Company's corporate culture and regulatory compliance and to remediate its facilities.
Greg Guyatt, who joined CannTrust in February 2019 as Chief Financial Officer ("CFO"), is a Chartered Professional Accountant. Mr. Guyatt previously served as the CFO of GreenSpace Brands, Inc., a premium natural food product company, and brings nearly 25 years of experience leading finance teams from the consumer packaged goods, pharmaceutical, and private equity sectors. With Mr. Guyatt's appointment, David Blair, currently the Company's Vice-President of Finance, will assume the role of interim CFO. The Company has initiated a process to identify a permanent CFO.
New York Stock Exchange Listing Update
CannTrust also announced that it has received an extension for continued listing and trading of the Company's common shares on the New York Stock Exchange. The extension granted by the NYSE, subject to ongoing reassessment by the NYSE, provides the Company with an additional trading period through April 15, 2020 during which it can file with the U.S. Securities and Exchange Commission the restatement of its Form 40-F for the fiscal year ended December 31, 2018 and file its interim financial report for the six months ended June 30, 2019 on Form 6-K.
Todays news release
"[/SCNA) is pleased to share the inspirations behind Dawn Norby’s successful development and production of Budding Botanicals’ CBD and Hemp retail product lines of Salves, Tinctures, Candies, Capsules and Pet Treats.
One of Budding Botanicals’ goals has been to appeal to its broad array of customers and their needs, priding itself on helping customers on a personal level. When someone approaches us, we aim to learn about them and their issues so that we can best direct them in the most productive way. By listening to our customers, we draw from their input to design products that are unique and effective.
For instance, a client was suffering from pain and extreme tremors that did not allow him to feed himself. He claimed a few ailments including exposure to agent orange. After conferring with him and suggesting a few dosage adjustments, we created for him a program of CBD tinctures and salves from our product line. He and his wife visited us later crying tears of joy, sharing with us that our products helped him regain his dignity and that he was now feeding himself and no longer taking opioids. “It was truly a joyous and rewarding experience to provide life-changing relief to a customer,” says Dawn Norby. “Our customers’ needs are the inspiration for the products we offer at Budding Botanicals.”
Budding Botanicals truly enjoys helping our customers. That is why we use only the highest quality CBD Isolate that is Organic and refined. Because many of our customers are Military, or are in professions subject to substance testing, we use only those ingredients that are safe, legal and free of contaminants. (We do not claim to be Certified Organic, be we do use organic ingredients).b]
More good news from Australia
" Newport Exploration Ltd ("Newport" or "the Company") is pleased to report on highlights of Beach Energy Ltd.'s ("Beach") Report for the Half Year ended 31st December, 2019, as reported in a news release by Beach on 11th February, 2020. The highlights reported in this news release relate to production and drilling activities on licenses in the Cooper Basin, Australia over which the Company has a 2.5% Gross Overriding Royalty ("GOR").
Beach Report - Highlights
Beach drilled 20 oil development wells on ex PEL 91, with a 100% success rate.
All wells were successfully cased and suspended as future producers.
12 horizontal oil development wells were drilled across the Bauer, Kalladeina, Chiton and Congony fields in ex PEL 91. All four fields are being appraised.
Bauer-39 initial production at greater than 2,000bpd.
Several new well locations identified.
Infrastructure approved to support increased production.
Appraisal Drilling on ex PEL 91
At the Bauer field, appraisal drilling activity added new oil production wells.
Field extensions have been identified in both the northern and southern parts of the field.
A phase 2 appraisal program is planned at Bauer to further resolve the structural extent of the field.
Bauer-39 was the longest horizontal well drilled in the field to date with a McKinlay section of 1517m in length with a 90% reservoir. Beach anticipate a 30 day Initial Production rate of greater than 2,000bopd on pump.
Bauer-39 indicated a lifted McKinlay structure in the south-east of the field.
Beach have dedicated an exploration rig to further appraise the Kalladeina/Congony fields.
Updated Reserves are to be reported at the end of Beach's FY2020, incorporating new development, appraisal and production data.
Development Drilling on ex PEL 91
Development drilling will target maintaining/increasing oil output in the second half of Beach's FY2020 with 10 additional lateral McKinlay wells at Bauer.
Beach propose to increase the use of horizontal drilling to optimize field development.
Western Flank Gas (ex PEL's 106, 107 and 91)
Beach report first half FY2020 production of 1.1MMboe, up 8% from the first half of FY2019.
Two successful wells were completed in FY2019.
Beach report that the inventory of wells is sufficient to keep the plant full for the next 12-18 months.
Beach propose to increase/optimize condensate output from the recently connected Lowry well that has a condensate gas ratio of 50bbl/MMscf.
On ex PEL 106 (Udacha) appraisal and development wells are planned in FY2021 to maintain deliverability into the Middleton gas facility.
On ex PEL 107 a drilling campaign is planned for FY2021.
Infrastructure Development
Following the successful appraisal drilling program at Bauer, Beach have approved additional work (estimated at ~AUD$30M) to include further artificial lift installations, water handling and intra-field flow lines and roads in order to support higher oil production rates beyond FY2020.
Guidance
With the success of the drilling programs conducted by Beach for both oil and gas permits over which the Company holds its 2.5% GOR, the Company anticipates continuity of production and associated royalty revenues. The Company has a strong balance sheet with no debt and management is confident in its ability to maintain regular quarterly dividend payments.
The Company receives its GOR from Beach, which is not a reporting issuer in Canada, therefore Newport is not able to confirm if the disclosure satisfies the requirements of NI 51-101 - Standards of Disclosure for Oil and Gas Activities, or other requirements of Canadian securities legislation.
The Company continues to strongly encourage shareholders and potential investors to access information released independently by Beach and Santos Ltd to keep current during exploration, development and potential production of all the licenses subject to the Company's GOR. Shareholders and potential investors may also be interested in Equity Research Reports on Beach such as those prepared by RBC Capital Markets."
Remember MPXI was a spin-off of IAN with IAN taking all American holdings and MPXI keeping Canada and Europe and anywhere else they would expand. I think that is why they limited any exposure to Amerian sites. Perhaps they are comfortable with the understanding that they will not be active in USA but in American can be shareholders of the company.
Remember MPXI was a spin-off of IAN whith IAN taking all American holdings and MPXI keeping Canada and Europe and anywhere else they would expand. I think that is why they limited any exposure to Amerian sites. Perhaps they are comfortable with the understanding that they will not be active in USA but in American can be shareholders of the company.
FULL DISCLOSURE- I am not an accountant or legal expert but today's PR , I think, is important, but I am not sure whether it is good, bad or indifferent! Interested in what other investors have to say.
"“Company”) (TSXV: FURA, OTC: FUGMF and FRA: BJ43), a gemstone mining and marketing company with emerald, ruby and sapphire assets in Colombia, Mozambique and Australia, respectively, is pleased to announce that it has entered into a Revised and Restated Merger of Ruby Assets Agreement (the “Revised MRAA”) with New Energy Minerals Ltd (“New Energy”), Montepuez Minerals Pty Ltd, Montepuez Minerals Ltd, and New Energy Minerals LDA (collectively, the “Vendors”). Pursuant to the Revised MRAA, the new terms for completion of the transaction are as follows:
Consideration for the acquisition of the New Energy Assets (defined below) has been reduced from A$2,800,000 (C$2,480,000) (as set out in the initial merger of ruby assets agreement dated July 14, 2018, as amended, most notably by an amending agreement dated November 27, 2018) to a cash payment of A$1,400,000 (C$1,240,000); and
Fura is no longer required to issue any of its common shares as a part of the transaction.
In addition, pursuant to the Revised MRAA, the A$2,800,000 (C$2,480,000) loan agreement between Fura and New Energy, previously disclosed in the Company’s press release dated November 29, 2018, is formally terminated, noting that no draw-down by New Energy under the loan agreement was possible due to the non-satisfaction of the conditions precedent set out in the loan agreement. Fura has also agreed that it will pay, on behalf of New Energy, all capital gains taxes levied by the Mozambique government in connection with the sale of the New Energy Assets.
The reduced consideration was negotiated in exchange for Fura agreeing to an accelerated closing and to assist the Vendors in the closing process with the Ministry of Mineral Resources and Energy of Mozambique, the Ministry of Finance and the National Institute of Mines. We note that the binding tax opinion issued by the Mozambique Ministry of Finance, which is required for the transfer of the New Energy Assets to Fura, has now been obtained.
The Revised MRAA contemplates the purchase by Fura of interests in three ruby licenses/concessions in Mozambique as follows: (i) a 70% interest in ruby mining licence 5030L through the acquisition of 70% of the issued and outstanding shares of Rubi Resources SA, (ii) a 80% interest in ruby mining concession 8921C through the acquisition of 80% of the issued and outstanding shares of Ibra Moz SA; and (iii) a right to earn a 65% interest in mining concession 8955C under a joint venture agreement (collectively, the “New Energy Assets”). The completion of Fura’s acquisition of the New Energy Assets is subject to the satisfaction of customary conditions precedent, including, inter alia, ministry authorizations, consents from joint venture minority partners and the provision of applicable legal opinions concerning the title to the New Energy Assets. The transaction remains subject to the approval of the TSX Venture Exchange."
Most news from the company is headed"Not for release in the USA". Not sure of the reason but obviously today's news will probably change that.
Another addition to Advisory Group. Looks good.
Imagination Park Technologies Inc. (CSE: IP) (OTC: IPNFF) today announced that Mike Tunnicliffe has joined the Company as a Senior Advisor to the CEO. Mr. Tunnicliffe previously served as EVP, Head of Universal Music Group and Brands-USA. He led Universal Music Group and Brands (UMGB), a music strategy, partnerships and activation division that works closely with all UMG labels, artists and their managements to deliver transformational music-based marketing solutions for brands as well as create new marketing and revenue opportunities for UMG’s artists and labels. Mike, with his team, worked with many Marquee brands including: American Express, Marriott, American Airlines, Honda, Citi, Mars/M&M’s and brokered partnerships with multiple high profile artists including: The Weeknd, Imagine Dragons, X- Ambassadors, Shawn Mendez, Carly Rae Jepson, Keith Urban & Nick Jonas.
“I am delighted to be joining the advisory board of Imagination Park which I believe has the potential to transform music & entertainment related properties into unique immersive experiences for fans and consumers across the globe”, stated Mr. Tunnicliffe.
“Mike brings a tremendous track record of success in the Music and Entertainment Market for decades,” said Alen Paul Silverrstieen, CEO and President of Imagination Park. “Working with high-profile musical artists and entertainment properties is the perfect avenue for delivering Augmented Reality experiences to fans around the globe. We are thrilled to have Mike join our team and merge ImagineARTM with music.”
Mike Tunnicliffe Professional Background
Mike has spent most of his career working with brands in a variety of senior positions at major global advertising and media agencies. Immediately prior to joining UMG, Mike was the global Chief Growth & Marketing Officer at WPP's GroupM, the world’s largest Media Investment Management business where he had responsibility for major business development and revenue growth across the group as well as overseeing the groups specialist content, data and entertainment marketing teams. Prior to joining GroupM in September 2010, Mike spent the previous few years as an entrepreneur developing new businesses at the intersection of brands, entertainment and digital.
His opinion is frequently sought to help shape the debate on innovation, brands &entertainment – and in particular, partnerships and associations between brands, entertainment properties and new platforms. His multi-faceted background comes with significant hands-on experience across multiple client sectors, having worked in key countries / global regions with clients in many categories including CPG, financial services, automotive, entertainment, tech and more. He has also been a keynote speaker, chair or panelist at leading advertising and entertainment industry conferences, including MIDEM, MUSEXPO , Advertising Week, The Advertising Clios , Cannes Lions and many others.
He has served on the board of the leading environmental not-for-profit group Rock The Earth . He is also a member of PTTOW! an invitation only community for CEO’s, CMO’s and Icons in the brands and culture business.
About Imagination Park
Imagination Park Technologies Inc. (CSE: IP) (OTC: IPNFF) is an augmented reality (AR) platform that enables businesses of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds. Customers simply point their mobile device at logos, signs, buildings, products, landmarks and more to instantly engage videos, information, advertisements, coupons, 3D holograms and any interactive content all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The AR Enterprise platform supports both IOS and Android mobile devices and upcoming wearable technologies."
Another addition to Advisory Group. Looks promising
" Imagination Park Technologies Inc. (CSE: IP) (OTC: IPNFF) today announced that Mike Tunnicliffe has joined the Company as a Senior Advisor to the CEO. Mr. Tunnicliffe previously served as EVP, Head of Universal Music Group and Brands-USA. He led Universal Music Group and Brands (UMGB), a music strategy, partnerships and activation division that works closely with all UMG labels, artists and their managements to deliver transformational music-based marketing solutions for brands as well as create new marketing and revenue opportunities for UMG’s artists and labels. Mike, with his team, worked with many Marquee brands including: American Express, Marriott, American Airlines, Honda, Citi, Mars/M&M’s and brokered partnerships with multiple high profile artists including: The Weeknd, Imagine Dragons, X- Ambassadors, Shawn Mendez, Carly Rae Jepson, Keith Urban & Nick Jonas.
“I am delighted to be joining the advisory board of Imagination Park which I believe has the potential to transform music & entertainment related properties into unique immersive experiences for fans and consumers across the globe”, stated Mr. Tunnicliffe.
“Mike brings a tremendous track record of success in the Music and Entertainment Market for decades,” said Alen Paul Silverrstieen, CEO and President of Imagination Park. “Working with high-profile musical artists and entertainment properties is the perfect avenue for delivering Augmented Reality experiences to fans around the globe. We are thrilled to have Mike join our team and merge ImagineARTM with music.”
Mike Tunnicliffe Professional Background
Mike has spent most of his career working with brands in a variety of senior positions at major global advertising and media agencies. Immediately prior to joining UMG, Mike was the global Chief Growth & Marketing Officer at WPP's GroupM, the world’s largest Media Investment Management business where he had responsibility for major business development and revenue growth across the group as well as overseeing the groups specialist content, data and entertainment marketing teams. Prior to joining GroupM in September 2010, Mike spent the previous few years as an entrepreneur developing new businesses at the intersection of brands, entertainment and digital.
His opinion is frequently sought to help shape the debate on innovation, brands &entertainment – and in particular, partnerships and associations between brands, entertainment properties and new platforms. His multi-faceted background comes with significant hands-on experience across multiple client sectors, having worked in key countries / global regions with clients in many categories including CPG, financial services, automotive, entertainment, tech and more. He has also been a keynote speaker, chair or panelist at leading advertising and entertainment industry conferences, including MIDEM, MUSEXPO , Advertising Week, The Advertising Clios , Cannes Lions and many others.
He has served on the board of the leading environmental not-for-profit group Rock The Earth . He is also a member of PTTOW! an invitation only community for CEO’s, CMO’s and Icons in the brands and culture business.
About Imagination Park
Imagination Park Technologies Inc. (CSE: IP) (OTC: IPNFF) is an augmented reality (AR) platform that enables businesses of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds. Customers simply point their mobile device at logos, signs, buildings, products, landmarks and more to instantly engage videos, information, advertisements, coupons, 3D holograms and any interactive content all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The AR Enterprise platform supports both IOS and Android mobile devices and upcoming wearable technologies.
Your right! An important vehicle for USA exposure is established
"“MPXI” or the “Company”) (CSE:MPXI; OTCQX:MPXOF) today announced that its common shares were approved for trading in the United States on the OTCQX® Best Market, effective today, Tuesday, February 11, 2020. MPXI's common shares will continue to trade under the ticker symbol “MPXOF.”
The OTCQX® Best Market is for established, investor-focused U.S. and international companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction. The companies found on OTCQX are distinguished by the integrity of their operations and diligence with which they convey their qualifications.
“Over the past year MPX International experienced significant operational changes and reached many corporate milestones, including the: (a) acquisition of HolyWeed, a Swiss-based producer of high- quality CBD products; (b) launch of MPXI Labs in Switzerland, which will produce “cannabis-light” and CBD oils, extracts, and other CBD-infused products for the Swiss and European markets; (c) issuance of both a Medical Cannabis Licence and Cannabis Manufacture Licence to MPX Australia enabling it to produce medical cannabis products for the Oceania markets; (d) receipt of an LOI from Malta Enterprise and the acquisition of an EU GMP-ready facility in Malta, which when fully-built out, will give MPXI direct access to the European medical cannabis market; (e) opening of retail flagship stores in both London and Geneva selling HolyWeed and “beleaf” CBD products; (f) acquisition and launch of the Medical Cannabis Learning Network which, via in-store electronic terminals in health food stores, pharmacies and pain clinics, and online through a private portal, provides education, consultation and order-entry tools for new and existing medical cannabis patients; and (g) entering into a framework agreement and the start of construction of a cultivation project near Cape Town, South Africa which will provide MPXI’s global operations with low-cost cannabis biomass. We are committed to upholding best practices in corporate governance and financial reporting as we continue to accelerate our growth strategy to further grow market share and penetrate new markets. Upgrading to the OTCQX Market demonstrates this commitment to transparency, professionalism and integrity and is an important a step toward improving liquidity in our stock as we continue to drive shareholder value,” commented W. Scott Boyes, MPX’s Chairman, President and CEO."
More funding achieved in a tough market
" ("COOL" or the "Company") announces that it has signed a non-binding term sheet for a CDN$1,500,000 convertible loan facility (the "CGOC Loan Facility") to be advanced by Cannabis Growth Opportunity Corporation ("CGOC").
Pursuant to the term sheet, CGOC has committed to advance up to CDN$1,500,000 (the "Loan Limit") in three equal tranches of CDN$500,000, with the first tranche to be released upon execution of definitive agreements, with each subsequent tranche to be released upon completion of mutually agreed operational milestones. The CGOC Loan Facility shall mature on December 31, 2022, bears interest at 12% per annum, calculated and accrued monthly in arrears and due on maturity. The CGOC Loan Facility shall also be secured by a general security agreement covering all of the Company's personal property upon CGOC advancing the total principal amount of the Loan Limit. Upon entry into the definitive agreements for the CGOC Loan Facility, the Company will issue 1,500,000 common share purchase warrants (the "Warrants") to CGOC that shall vest in three equal tranches upon each of the three advances being made under the CGOC Loan Facility. The Warrants shall be exercisable until December 31, 2022, at a price of CDN$0.60 per share. The Company will have the right to accelerate the expiration date of the Warrants to 30 days after providing written notice to CGOC if the Company's common shares close at or above CDN$1.50 per share for a period of 10 consecutive trading days on the CSE. The principal amount advanced under the CGOC Loan Facility and any accrued and unpaid interest thereon will be convertible at the option of CGOC into common shares of the Company at anytime prior to maturity at a price of CDN$0.40 per share.
In addition, the Company and CGOC have also agreed to enter into subscription agreements to exchange approximately CDN$2,000,000 worth of each other's common shares (the "Share-Swap") whereby the Company shall receive a total of 3,149,606 common shares of CGOC at a deemed price of CDN$0.635 per share and CGOC shall receive a total of 5,333,333 common shares of the Company at a deemed price of CDN$0.375 per share. Pursuant to the Share-Swap, both CGOC and the Company will also sign a voting and resale agreement providing that each party will be required to vote such common shares acquired under the share-swap as recommended by the other party and will be restricted from trading such common shares for a period of 18 months. Furthermore, CGOC will have the right to nominate one director to the Company's board and, if CGOC's nominee is not on the Company's board, CGOC will have the right to appoint a board observer.
Brad Eckenweiler, Chief Executive Officer of Core One, commented, "We are excited with the prospect of developing a relationship that will benefit both parties in the United States, Canada and Europe. While CGOC has expertise that can expedite our Canadian goals, I also believe our experience will assist CGOC's interests throughout California."
Sean Conacher, Chief Executive Officer of CGOC, commented, "COOL operates out of a state-of-the-art facility in California and we believe this investment will assist in advancing our interests in the California market. CGOC also believes there is significant opportunities with COOL's infused strip technology and we work to advance this technology globally."
The transactions as outlined above are subject to the approval of the board of directors for each party and all necessary regulatory and corporate approvals, including approval of the CSE, if so required.
The start of regular quarterly payments announced
Newport Exploration Ltd ("Newport" or "the Company") is pleased to announce, its first quarterly cash dividend ("the Dividend") of $0.01 per share to its shareholders of record at the close of business on February 24th, 2020. The Dividend payment date is March 9th, 2020. "
"The Dividend, fully approved by the Board of Directors, is not subject to any changes and has been designated as an "eligible dividend" for Canadian income tax purposes.
Management believes that based on Beach Energy Ltd.'s ("Beach") recent exploration success and development of the licenses in the Cooper Basin over which the Company has its 2.5% Gross Overriding Royalty ("GOR"), shareholders should be rewarded with dividend continuity, potential dividend growth, as well as capital appreciation. Also, the Company's strong balance sheet ensures that Newport has the ability to maintain regular quarterly dividend payments with a reduced likelihood that the quarterly dividend payout would be cut during any sector downturn.
About Newport
Newport holds a 2.5% GOR on several oil and gas licences and permits in the Cooper Basin in Australia. These permits are currently being operated and explored by Beach and Santos Ltd. ("Santos"), both major Australian oil and gas producers.
Newport's dividend payout ratio, being the cash dividends per share of common stock divided by the earnings per share of common stock, compares favorably with that of other yield stocks and the Company has paid out more than 85% of after tax royalty receipts in dividends. Furthermore, the dividend payments have been covered by free cash flow with no dilution, incurring no debt, and without selling any assets. Investors are cautioned that historical results are no guarantee of future performance.
The Company continues to strongly encourage shareholders and potential investors to access information released independently by Beach and Santos in order to keep current during exploration, development and potential production of all the licences subject to the Company's GOR.
The Company currently has 104,429,874 common shares issued and outstanding and $5.1 million in the Treasury, comprised of cash, cash equivalents and investments.
Management releases news regarding further results of drilling on Nevada project.Shareholders should read full report.
Here are excerpts" DISCOVERY HARBOUR ANNOUNCES THREE NEW PRIORITY TARGETS ON CALDERA GOLD PROJECT, NEVADA
Discovery Harbour Resources Corp. has provided further descriptions of specific areas on the Caldera gold project in Nevada, including three new priority targets. The Company is in the process of integrating the recently released detailed soil sampling results with historical data, including shallow drilling, rock sampling, mapping and structural data, to evaluate and prioritize targets for the drill program planned for this year. The Company has identified three new targets in the Darius Area, bringing the total to 33 prioritized targets that are being considered for drilling in eight separate Areas, lying within the 30 square kilometer project area. These targets have been systematically ranked with the current data in the context of a high grade - low sulphidation epithermal gold model. Discovery Harbour will focus on high grade gold-silver targets that management interprets to lie in the 300 to 500m depth interval.
Eight Areas
The Company has described the eight Areas throughout the 30 square km Caldera property (See Figure 1, also the Company's January 8, 2020 news release). Today's news release provides specific descriptions of the Calista, Darius and Electra Areas, which contain 13 separate targets.
Calista Area
The Calista Area contains three vein target trends, oriented northwest at 300degree strike, defined by historic prospecting pits, underground workings and multi-gram gold in surface samples. The structure extends in excess of 1.5km. Historical shallow drilling (10 holes, ranging in vertical depth from 104 m to 194 m) in this Area intersected anomalous gold, but the structures remain largely untested. The Calista Area structures are strongly developed with a long strike extent, significant alteration, and associated high grade rock samples. The shallow drilling along one structure demonstrates there is consistent low grade gold mineralization that Discovery Harbour interprets to lie structurally above a bonanza zone at depth. These various attributes strengthen Discovery Harbour's conviction that deep drilling is required to test the high grade potential of this zone.Darius Area
The Darius Area now contains three new targets, for a total of eight targets. There are a number of structural trends that, in contrast to the Calista Area, trend more northerly at approximately 340 degrees. While the Darius Area contains numerous multi gram gold rock samples including 17 g/t gold and 11 g/t gold in two separate locations, there has only been minimal drilling on three of the targets.
An outcome of Discovery Harbour's continuing data compilation and integration are three new targets in the Darius Area. One has been identified by the recognition of a poorly exposed trend of vein float containing bladed silica after calcite situated near the valley bottom that follows a similar 340 degree trend. The bladed habit corresponding with the lower elevation supports the epithermal model with a bonanza gold zone lying at depth. The second new target includes a rock sample of 17g/t gold associated with a prominent structural trend supported by a gold in soil anomaly and has not been tested by the historic drilling. The third new target is based on a rock sample of altered tuff grading 11 g/t gold where historical shallow drilling intersected 3.1 g/t gold over 3 metres.
Phase 1 of the detailed soil sampling program (see January 21, 2020 news release) covered the southern two thirds of the Darius Area and outlined multi-element anomalies including gold, silver, arsenic, antimony and mercury. Coherent anomalies, extending over a distance of 1500m, defined by >25 parts per billion ("ppb") Au and >50 ppb Au coincide with the identified structures. A parallel > 50 ppb Au in soil anomaly, over 1000m in length, lies further east and coincides with the distribution of bladed silica after calcite. The very limited drilling in the bladed silica area highlights this as a compelling new target.
Electra Area
The Electra Area contains two targets and is highlighted by well developed quartz veins that are exposed in historic workings and in outcrops along a prominent ridge. Historic drill hole EG-26, which appears to have been drilled subparallel to this vein possibly failing to intersect it, still intersected 6.1 metres grading 2.33 g/t gold from 65.1 to 71.2 metres. Other historical shallow drill holes also failed to adequately test the vein structures.
Phase 1 of the detailed soil sampling program (see January 21, 2020 news release) covered this Area and again successfully outlined multi-element anomalies including, silver, arsenic, antimony and mercury. Associated gold anomalies indicate favourable potential to the southeast beyond the current areas of known mineralization.
The 100% Discovery Harbour-optioned Caldera Property was generated by Don Merrick and John Zimmerman of Genesis Gold Corporation, a private Utah company specializing in gold exploration in the Western United States, the foundation of which are the claims first staked by Zsolt Rosta.
Mark Fields, P.Geo., is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed and approved the technical contents of this news release.
WOW! Management in overdrive!
FURA TO ACQUIRE ADDITIONAL RUBY LICENCES IN MOZAMBIQUE
Fura Gems Inc. has entered into a share purchase agreement and non-competition agreement with Gemrock Company Ltd., pursuant to which the company will acquire interests in three ruby mining licences/concessions in the Cabo Delgado province of Mozambique and certain rights to explore in various countries without competition from Gemrock.
Key Highlights
Acquisition of participating interests in Mozambican mining companies which hold the following ruby mining licences and concessions in Mozambique for a total cash consideration of US$3.8 million (approximately C$5 million):
100% participating interests in SRL Mining, Limitada, a Mozambican mining company holding each of ruby mining concession 8955C and ruby exploration licence 7414L; and
20% free carried and non-dilutive participating interest in Ibra Moz SA, a Mozambican mining company holding ruby mining concession 8921C (together with ruby mining concession 8955C and ruby exploration licence 7414L, the "Licences") (note: Fura expects to acquire the remaining 80% interest in Ibra Moz, SA and thereby ruby mining concession 8921C as part of its acquisition of the New Energy Assets, described below).
Rights to explore without competition from GemRock:
US$3.5million is payable to acquire rights under the non-competition agreement, pursuant to which GemRock has agreed not to compete with Fura in certain jurisdictions in respect of its ruby mining activities
US$500,000 is payable as a reimbursement of GemRock's expenses in connection with the transactions contemplated in the Agreements
The acquisition of the participating interests in the Mozambican mining companies holding the Licences is expected to add a further 95.15 sq. km to Fura's existing land package in the main ruby belt of the Montepuez district of Mozambique
Fura expects to commence bulk sampling at the licence areas by March 2020
Dev Shetty, Fura's President and CEO, commented:
"We are pleased to further consolidate our position in the main ruby belt of the Montepuez district of Mozambique. Completion of the merger of ruby assets agreement with New Energy Minerals Ltd. announced in November 2018, combined with Fura's acquisition of ruby mining licence 5572L announced on October 17, 2019 and now Fura's anticipated acquisition of the interests in SRL Mining, Limitada and Ibra Moz, SA, and thereby the Licences, is expected to give Fura the ability to explore for secondary alluvial and a primary deposit of rubies in the region.
In the last 3 years, Fura's portfolio of assets has grown significantly. We now have three important silos of colour-gemstone properties in our portfolio, emeralds from Colombia, the world's largest emerald supplier in value, rubies from Mozambique, the world's largest ruby supplier by volume and sapphires from our sapphire project in Australia. With these assets and our hugely experienced team, we believe we are in a strong position to be able to create a leading colour gemstone company. I would like to thank my team in Fura for their passion and dedication and our local partners in Australia, Colombia and Mozambique for their continued support."
Share Purchase Agreement
Fura and a wholly owned subsidiary of the Company have entered into a share purchase agreement (the "Share Purchase Agreement") dated February 4, 2020 with GemRock. Pursuant to the Share Purchase Agreement, and subject to the terms and conditions set out therein, Fura will acquire 100% of the issued and outstanding shares of Vedas International DMCC ("Vedas"), which holds a 100% interest in SLR Mining, Limitada and a 20% interest in Ibra Moz SA (the "Acquisition"). As of the date of this press release, 100% of the issued and outstanding shares of Vedas have been transferred to Fura. In addition, in connection with the Acquisition, GemRock agreed to the terms of a non-competition agreement in respect of its ruby mining activities in Russia, Brazil and the Cabo Delgado province of Mozambique (the "Non-Competition Agreement").
The aggregate purchase prices for the Licences and rights under the Non-Competition Agreement are US$3,800,000 and US$3,500,000, respectively, plus US$500,000 for the reimbursement of expenses incurred by GemRock in connection with the Acquisition, to be paid as follows:
US$4,500,000 in cash to be paid to GemRock immediately following the execution of the Agreements, which amount as of the date of this press release has been paid; and
US$3,300,000 in cash to be paid to GemRock upon the Company obtaining formal approval from the Ministry of Mineral Resources and Energy of Mozambique ("MIREME") for the acquisition of the target companies.
The Acquisition is an arm's length transaction for the purposes of the policies of the TSX Venture Exchange ("TSXV") and the Company understands that the Acquisition qualifies as an "Exempt Transaction" under TSXV Policy 5.3. Fura is not paying any finder's fees in connection with the Acquisition. Prior to entering into the Agreements, GemRock delivered to Fura several documents, including, inter alia, a binding tax opinion, confirmation that all amounts set out in the binding tax opinion have been paid, and applicable legal opinions. The only condition remaining for completion of the Acquisition is obtaining formal approval from MIREME.
Fura is currently in the process of completing the purchase and sale of interests in three additional ruby prospecting licences/concessions in Mozambique as follows: (i) 75% of the issued shares of Montepuez Minerals Pty Ltd., which owns a 70% interest in mining licence 5030L and an 80% interest in mining concession 8921C; and (ii) a right to earn a 65% interest in mining concession 8955C under a joint venture agreement (collectively, the "New Energy Assets"). Please see the Company's press release dated November 29, 2018 for further details regarding the terms of this proposed acquisition, which remains subject to TSXV approval.
Good news from Europe! Indicative of managements drive to develop European revenue generation.
" “Company”) (CSE:MPXI;OTC:MPXOF) announced the opening of its inaugural Holyweed CBD retail flagship store in the heart of Geneva’s tourist district. The store is strategically located on one of Geneva’s busiest streets, Rue des Eaux-Vives, near the famed water fountain “Jet d’Eau,” Geneva’s largest tourist attraction.
The location carries all Holyweed ‘Swiss Certified Organic’ branded products as well as products from several other premium CBD brands curated by Holyweed. Holyweed products include: 100% Swiss grown cannabis light/high CBD dry flowers, pre-rolls, oil tinctures, Cannabricot – a Swiss-made apricot cannabis liquor and eau-de-vie, a cannabis tea. Holyweed is currently the only Swiss CBD brand that has been awarded the official ‘Swiss Certified Organic’ label, a distinction that aligns the Holyweed brand with Switzerland’s impeccable reputation for high quality consumer products.
Photos of Holyweed accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0c1c63e1-cf72-4dce-9cce-a9a057f46fe6
https://www.globenewswire.com/NewsRoom/AttachmentNg/6cc3ede2-6fc2-4c7e-af6c-1d5590da53f7
“This first Holyweed store in Geneva is another step in our European retail strategy to cement MPXI as trailblazers providing access to premium quality CBD products in Europe and beyond. Importantly, it also further underpins our assertion that Switzerland is our most immediate opportunity for revenue generation, second only to our already revenue generating Canadian operations,” said W. Scott Boyes, Chairman, President and CEO of MPXI. “The opening of this first retail location is on the heels of our very successful harvest of approximately 90,000 kilograms of Swiss-organic, high CBD biomass in the fall and continues to build on the strong momentum we are experiencing in this jurisdiction.”
“Again, we are creating first mover advantages that positions MPXI for success as a global leader and will enable us to capture market share as the European CBD market continues to experience massive growth,” Mr. Boyes added. “Our growing traction in Switzerland strongly supports this.”
This new retail location builds on the Company’s burgeoning European retail presence. In November 2019, MPXI opened its first retail “beleaf” branded CBD retail location in London’s Soho district.
Enhancing the cultural zeitgeist, Holyweed has collaborated with famed photographer Henrik Purienne to create an exclusive art book called Wandering And Learning, distributed through exclusive concept stores and trend setting retail partners globally in order to further build Holyweed brand awareness, not only in Switzerland but globally.
A photo of Wandering And Learning accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d8c26f68-968f-43bf-9a4c-4912e68b3f0a
In January 2020, Holyweed sponsored a major cultural event in Switzerland with its official sponsorship of “Art Geneve,” one of Europe’s most successful contemporary art fairs.
“Select forays such as these demonstrates Holyweed leading management expertise to build a global cannabis brand in order to further elevate and extend our brand recognition with discerning consumers,” said Daniel Fryer, Managing Director, Europe. “Those actions cement Holyweed’s position as the premium Swiss brand of organic certified CBD products within the immediate region and throughout Europe.”
Later in 2020, MPXI expects to open a second Holyweed retail location in Zurich, which is Switzerland’s largest city."
A very significant loan agreement by the company which is nondilutive to share count and should allow completion of the takeover of planned jewel projects
Given the past history of management, I would give 100% percent chance that the stated " The loan will bear interest at a rate of ten percent per annum and has a maturity date of July 31, 2020, unless the parties mutually agree to an extension." will be invoked many times. But otherwise looks like a proper move.
" (TSXV: FURA, OTC: FUGMF and FRA: BJ43), a gemstone mining and marketing company with emerald, ruby and sapphire assets in Colombia, Mozambique and Australia, respectively, is pleased to announce the execution of a loan agreement (the “Agreement”) with a private company (the “Lender”), pursuant to which the Lender has agreed to lend and the Company has agreed to borrow US$5.5 million (the “Principal Amount”). The loan will bear interest at a rate of ten percent per annum and has a maturity date of July 31, 2020, unless the parties mutually agree to an extension. The Principal Amount of the loan as well as accrued interest will be payable on the maturity date.
The proceeds of the loan are expected to be used for (i) the acquisition by Fura of 100% interests in each of ruby mining concession 8955C and ruby exploration licence 7414L and a 20% free carried and non-dilutive interest in ruby mining concession 8921C, each in the Montepuez district of Mozambique, (ii) the advancement of its Coscuez emerald project in Colombia and its ruby projects in Mozambique, and (iii) general corporate purposes.
The Lender is both a “related party” and a “control person” of the Company pursuant to Canadian securities laws. Entering into the Agreement is therefore considered to be a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) but is exempted from the requirement to obtain a formal valuation pursuant to 5.5(b) and from the requirement to obtain minority approval pursuant to 5.7(1)(f) of MI 61-101, as the loan (i) is on reasonable commercial terms that are not less advantageous to the Company than if the loan was obtained from an arm’s length party, and (ii) is not convertible, directly or indirectly, into equity or voting securities of the Company or a subsidiary of the Company or repayable as to principal or interest, directly or indirectly, in equity or voting securities of the Company or a subsidiary of the Company. Minority shareholder approval for the Lender becoming a control person of Fura was previously obtained by Fura at its annual and special meeting of shareholders held on August 2, 2019. Please refer to the Company’s management information circular dated July 2, 2019 for more information. The Company did not file a material change report more than 21 days before the entering into of the Agreement as the terms of the Agreement were not settled until shortly prior to the entering into of the Agreement, and the Company wished to complete the loan on an expedited basis.
All the talk of imminent delisting of TRST is unwarranted
.The PR of November states reality
“On November 26, 2019, CannTrust announced that, as a result of the delay in filing the aforementioned financial disclosures, the Toronto Stock Exchange (the "TSX") intended to review the Company's eligibility to continue listing its common shares. The TSX advised that if the Company is unable to satisfy its disclosure requirements by March 25, 2020, the Company's securities will be delisted 30 days following this date. The Company fully anticipates filing the associated disclosures and meeting the TSX's requirements prior to March 25, 2020.”
Further, the company had in December placed their staff on a mandated 4 month notice that after that date, employment could be ended for all staff.
In statements, management said they were confident they could meet the deadlines. Only time will tell.
It's lonely here. anyone else visit here
"(“Reliq” or the “Company”), a technology company focused on developing innovative mobile health (mHealth) and telemedicine solutions for Community-Based Healthcare, today announced that it has signed contracts with seven new clients in Texas.
“We are pleased to announce that we continue to build on our customer traction in Texas,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. “We will be onboarding these seven new clients in Dallas, Laredo and Hidalgo County this month. With these clients we are expanding into two new clinical use cases - Pediatric Remote Patient Monitoring (Pediatric RPM) and Principal Care Management (PCM). Effective January 1, 2020, the Centres for Medicare & Medicaid Services (CMS) introduced PCM billing codes to allow specialists to use the iUGO Care platform to provide disease-specific care management to their patients. Unlike the Chronic Care Management (CCM) billing codes, which are intended for use by a patient’s primary care provider and require that a patient have two or more chronic conditions, PCM provides reimbursement to specialists managing patients with one chronic condition. This allows Endocrinologists, Nephrologists, Respirologists, Cardiologists and other specialists to provide ongoing care to their patients in the community setting to prevent complications, reduce the cost of care and improve health outcomes.”
Reliq Health Technologies is a healthcare technology company that specializes in developing innovative software solutions for the Community Care market. Reliq’s powerful iUGO Care platform supports care coordination and community-based healthcare. iUGO Care allows complex patients to receive high quality care at home, improving health outcomes, enhancing quality of life for patients and families and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent costly hospital readmissions and ER visits."
I am getting the feeling that present management is starting to develop PLAN into a possibly revenue-generating company.
Hope I am right!
PLAN" or the "Company") announces the hiring of an experienced Mining Engineer, Mr. Michal Wypych (Mike) for the newly created position of Chief Operating Officer (COO) for PLAN.
Mike has over 15 years of experience working in the mining industry and possesses both a Mining Engineering degree and an MBA. He has planned and overseen the execution of millions of dollars in projects throughout his career where he has held roles in project management and mine planning. Mike has been employed in the past by large multinational mining organizations and has also performed contract work for the largest cement company in Canada.
"I originally met Mike when he was independently conducting testing on supplementary cementing materials and requested samples from the Z1 for his own testing. This initial meeting lead to collaboration on testing several supplementary cementing materials and associated contractual work. I am delighted that Mike has agreed to come on as PLAN's COO, where he will start by working two days per week. As PLAN grows, this will become a full-time position. We are very pleased at being able to attract a COO with Mike's experience." stated Steve Harpur, CEO of PLAN.
"I'm motivated to join a growing organization whose business objectives align with my skill set and vision for the future. PLAN has various opportunities on the horizon which I am excited to support and help transition into long term growth for the company. I intend to reflect my dedication to safety, environmental stewardship, and meaningful engagement with all stakeholders in carrying out my role as COO." stated Mike Wypych, COO of PLAN.
In separate news, PLAN announces the grant of up to 1,040,000 options that will be granted to Insiders and employees of the company, as well as Advisory Board Members, exercisable at a price of $0.06 for a period of two years from the date of grant.
The options have been granted in accordance with the Company's stock option plan.
Progressive Planet is a Canadian based mineral exploration company with its flagship Z1 Zeolite Quarry in British Columbia and is earning an 100% option on the Z2 Zeolite Property near Falkland, BC and a 100% interest in the Buckingham Graphite Project in Quebec."
Approval received
"The TSX Venture Exchange has accepted for filing documentation pertaining to a Pic River PGM (platinum group metal) option agreement dated Jan. 28, 2020, between the company and several arm's-length parties, whereby the company can acquire a 100-per-cent undivided unencumbered legal and beneficial interest in and to the Pic River PGM project claims located in Foxtrap Lake and Grain township, Thunder Bay mining district.
Under the terms of the agreement, the company will issue to the vendors up to 1.65 million common shares, pay $125,000 in cash and commit $160,000 in exploration during the period of four years from closing. Additionally, the company has agreed to issue up to two million common shares, if platinum equivalent identified on the property exceeds one million ounces and upon a positive bankable feasibility study. The vendors are entitled to a 3-per-cent net smelter return (NSR) royalty from the company's sales of any ores, mineral resources or mineral products excluding diamonds, and a 3-per-cent gross overriding royalty (GOR) from the production of diamonds. The company can purchase up to 1.5 per cent of the NSR and 1.5 per cent of the GOR for $1.5-million each."
This new deal will allow MIT to be listed for trading. The sum being received is substantial. We can only hope that what the company is left with will be as successful.
"Mint Reaches Agreement to Divest Its Payroll Card Portfolio
Toronto, Ontario--(Newsfile Corp. - February 4, 2020) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company") announces that its subsidiaries, Mint Middle East LLC and Mint Gateway for Electronic Payments LLC (collectively "Mint UAE") have entered into a binding asset purchase agreement dated January 16, 2020 (the "Agreement") to divest its direct payroll disbursement service business through its payroll card portfolio in the United Arab Emirates ("UAE") (the "Transaction") to a leading payroll disbursement and card provider in the UAE (the "Buyer"), a party arm's length to the Company and Mint UAE. Mint UAE will remain focused on payment card processing and prepaid card products across multiple verticals including gift, prepaid, multi-currency and other industry segments excluding payroll cards.
Pursuant to the terms of the Agreement, Mint UAE is entitled to receive aggregate net cash consideration of up to AED 102,750,000 (approximately C$36,600,000) (the "Purchase Price"), comprised of an initial payment of AED 82,750,000 (approximately C$29,500,000) (the "Initial Payment"), and a performance-based maximum additional cash payment of up to AED 20,000,000 (approximately C$7,100,000) based on the success of the migration of the card portfolio. Mint UAE has received the Initial Payment as a result of the satisfaction of certain conditions precedent to the Transaction, being the receipt of certain third-party consents and the completion by the Buyer of its diligence with respect to the business of Mint UAE.
The Agreement provides for a migration period of approximately nine months from the Closing Date and includes an obligation of Mint UAE to deliver a financial performance bank guarantee in connection with the Purchase Price and customary representations, warranties, indemnities and covenants typical for a transaction of this nature. In particular, the Agreement contains a three year non-compete clause specific to payroll card program manager business in the UAE by the Mint UAE companies, by Global Business Services for Multimedia ("GBS") the Company's principal shareholder and local UAE partner, and to Mr. Abdul Razzaq Al Abdullah in his personal capacity. GBS manages the operations of the Mint UAE companies pursuant to a management agreement with the Company which will continue subsequent to the completion of the Transaction.
The Transaction has received the consent of the holders of the Company's Series A debentures and is subject to approval by the TSX Venture Exchange pursuant to Policy 5.3 of the TSX Venture Corporate Finance Manual. Trading in the Company's shares will remain halted until the TSX Venture Exchange requirements to allow trading to resume are met. The Transaction may require approval of the shareholders of the Company.
Mint UAE has been consciously investing in digital solutions with aspirations to create a central omni-channel Digital Banking Platform to orchestrate customer interactions across multiple touchpoints. Mint UAE has been developing various services of the Platform including: digital on-boarding of customers, digital KYC (Know Your Customer), authentication, payment gateway solutions, and in-store digital solutions such as mPOS and virtual POS to unbanked merchants.
"Mint UAE's platform straddles the entire payment ecosystem of issuing, processing, payment gateway and merchant management services. This Transaction will enhance the financial position of the Company and complements the business strategy," states Vishy Karamadam, CEO of The Mint Corporation.
Mr. Abdulrazzaq Al Abdullah, representing GBS said: "What we are seeing in our time is unique - we are witnessing platformization. Globally, huge companies like Google and, Amazon have been winning because they don't merely provide products or services. Instead, they aggregate a range of products and services to create a digital-first platform that enriches people's lives. We are also witnessing consolidation of various financial institutions in the region. With time our business activities have grown immensely. Starting from being just a payroll service provider, we have become a multi-channel third party payment service provider offering issuing, acquiring and transaction processing services and continuing with the aggregation model to create a digital platform with a host of services. We would like to thank Mint UAE customers as this would not have been possible without their continued loyalty and support."
I would think it would have been cheaper for ILI to buy PST outright than ALLthe announced acquisitions that ILI is completing.
" (“Pistol Bay” or the “Company”) reports that it has option out 80% of its Garnet Lake / Arrow Zone and Fredart/Copperload A claims in the Red Lake Mining District to Infinite Lithium Corp. (ILI:TSX-V) (OTCQB:ARXRF)
The Garnet Lake / Arrow Zone is part of Pistol Bay Confederation Lake land package that was acquired from Aurcrest. This land package is 2733 hectares (6752 acres) and includes a substantial mineral deposit and a number of mineralized drill intersections that are in need of follow-up drill testing. Mineralization on the property is all of Volcanogenic Massive Sulphide (VMS) type, dominated by zinc, copper and silver, with occasional associated gold values. (see NR October 19, 2016)
The Copperlode “A” or Fredart Zone deposit is 2620 hectares (6472 acres) and has a historical mineral resource of 425,000 tonnes grading 1.56% copperand 33.6 g/t silver. This historical resource estimate does not comply with the standards of National Instrument 43-101 and has not been reviewed by a Qualified Person. The zone was drill-tested to a depth of approximately 200 metres over a length of 350 metres, and was reported as being open at depth. The area was also explored for molybdenum in the 1970s, and samples containing up to 1.46% Mo were reported. (see NR October 19, 2016)
A 2100 line km VTEM PlusTM airborne survey was completed in 2017 – detected parallel conductors or extensions of known conductors in lengths of 400, 850, 900 and 950 metres at Fredart Corridor which is within a total strike length of 22km.
A diamond drilling program was carried out by AurCrest in 2010, in an attempt to expand the resource base by drilling down a possible easterly plunge in the area of an IP anomaly. A fence of five holes was drilled, without intersecting any significant mineralization. A borehole EM survey carried out on those drill holes in 2010 identified a strong off-hole conductor in two adjacent holes, with an interpreted conductive zone lying between the two holes. It is anticipated that this anomaly may represent the down-plunge extension of the Copperlode “A” zone, or possibly a new zone.
Garnet Lake /Arrow Zone has a NI43-101 resource of
3% Zn equivalent cutoff:
Indicated Resource 2,071,000 tonnes @ 5.92% Zn, 0.75% Cu, 21.1 g/t Ag and 0.58 g/t Au
Inferred Resource 120,550 tonnes @ 2.60% Zn, 0.56% Cu, 18.6 g/t Ag and 0.40 g/t Au
5% Zn equivalent cutoff:
Indicated Resource 1,762,000 tonnes @ 6.75% Zn, 0.79% Cu, 22.3 g/t Ag and 0.61 g/t Au
Inferred Resource 51,630 tonnes @ 3.86% Zn, 0.79% Cu, 23.9 g/t Ag and 0.58 g/t Au
10% Zn equivalent cutoff:
Indicated Resource 633,000 tonnes @ 14.3 Zn, 1.11% Cu, 31.7 g/t Ag and 0.85 g/t Au
Terms of this agreement
GARNET LAKE / ARROW ZONE
Upon Exchange Approval, Pistol Bay will receive the following payments and exploration expenditures commitments from Infinite Lithium Corp.
Payments of $75,000 cash and 1,000,000 Infinite Lithium Corp common shares within 5 days of the Exchange Approval date
Additional payment of $75,000 cash within 6 months of the Exchange Approval date.
Additional payments of $150,000 cash, 1,000,000 Infinite Lithium Corp. common shares and exploration expenditures of $400,00 in or on the claims within 12 months of the Exchange Approval date
Additional payment of 2,000,000 Infinite Lithium Corp. common shares and exploration expenditures of $400,000 in or on the claims within 24 months of the Exchange Approval date
Additional $700,000 in exploration expenditures in or on the claims before the third anniversary of the Exchange Approval date
FREDART / COPPERLOAD A
Upon Exchange Approval, Pistol Bay will receive the following payments and exploration expenditures commitments from Infinite Lithium Corp.
Payments of $30,000 cash and 750,000 Infinite Lithium Corp common shares within 5 days of the Exchange Approval date
Additional payment of $50,000 cash within 6 months of the Exchange Approval date.
Additional payments of $70,000 cash, 750,000 Infinite Lithium Corp. common shares and exploration expenditures of $300,00 in or on the claims within 12 months of the Exchange Approval date
Additional payment of 1,000,000 Infinite Lithium Corp. common shares and exploration expenditures of $300,000 in or on the claims within 24 months of the Exchange Approval date
Additional $400,000 in exploration expenditures in or on the claims before the third anniversary of the Exchange Approval date
About Pistol Bay Mining Inc.
Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base metal properties in North America. The company is also actively pursuing the right opportunity in other resources to enhance shareholders value. For additional information please visit the Company website at www.pistolbaymininginc.com or contact Charles Desjardins at pistolbaymining@gmail.com."
Further identification of buyers of PLAN Private Placement
Hope they know something good.
"The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 4, 2019.
Number of shares:2,705,000 flow-through shares Purchase price:seven cents per flow-through share Warrants:2,705,000 share purchase warrants to purchase 2,705,000 shares Warrant exercise price:7.5 cents for a six-month period Number of shares:2.01 million non-flow-through shares Purchase price:six cents per non-flow-through share Warrants:2.01 million share purchase warrants to purchase 2.01 million shares Warrant exercise price:7.5 cents for a six-month period Number of placees:12 placeesInsiders:Steven Harpur, 450,000; George D. Richardson, 1.45 million; David Cross, 360,000Total pro group involvement:60,000 (one placee)"
Not surprised management would raise funds to develop the Nevada prospect.
"(TSXV: DHR) (the "Company" or "Discovery Harbour") is pleased to announce a non-brokered private placement consisting of the issuance of up to 10,000,000 units (each, a "Unit") at a price of $0.10 per Unit for gross proceeds of up to $1,000,000 (the "Offering"). Insiders, as that term is defined in the policies of the TSX Venture Exchange, may participate in the Offering.
Each Unit will consist of one common share of the Company (each, a "Share") and one half common share purchase warrant, with each whole warrant (each, a "Warrant") entitling the holder to purchase one Share at a price of $0.15 per Share for a period of two years following the closing of the Offering (the "Closing"), subject to an acceleration provision of the Company whereby, if for any ten (10) consecutive trading days the closing price of the Shares on the TSX Venture Exchange (the "Exchange") exceeds $0.25 at any time commencing (4) months after the Closing and until their expiry date, then the remaining term of the Warrants will be reduced to thirty (30) days, commencing seven (7) days from the end of such ten (10) consecutive trading day period.
Finders' fees may be payable in connection with the Offering in accordance with the policies of the Exchange.
All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to the approval of the Exchange. Any participation by insiders in the Offering will constitute a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.
The aggregate gross proceeds from the sale of the Offering will be used to conduct further work, including a planned drill program on high priority targets, on the Company's Caldera epithermal gold project in southern Nevada (see news release dated January 9, 2020), to pay outstanding debt, and for general working capital.
None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Discovery Harbour Resources Corp.
Discovery Harbour is a Canadian TSX Venture Exchange listed company (TSXV: DHR) focused on sourcing, exploring and developing mineral properties, with a strategic focus on gold projects, in order to enhance shareholder value. Its current focus is the Caldera low sulphidation epithermal gold project in southern Nevada.
Major update from management. Go to webpage for full report
"MEDGOLD ANNOUNCES MAIDEN MINERAL RESOURCE ESTIMATE AND INITIAL METALLURGICAL TESTWORK RESULTS FROM THE TLAMINO PROJECT, SERBIA
Medgold Resources Corp. has released a maiden mineral resource estimate for the Barje prospect within the Tlamino project in southern Serbia. An Inferred Mineral Resource containing approximately 680,000 oz AuEq in 7.1Mt grading 3.0 g/t AuEq at cut-off grade of 0.7 g/t AuEq is reported, and is presented in Table 1. Example cross-section and a block model view of the resource are given in Figure 1. This estimate was prepared in accordance with National Instrument 43-101 (NI 43-101) and CIM Definition Standards by Addison Mining Services Ltd. of the United Kingdom. A Technical Report for the Project will be filed on www.sedar.com within 45 days.
Medgold is also pleased to announce the initial results of metallurgical test work. Bulk rougher flotation tests were performed on two composite samples which, formed of 50.39 kg of core from the Company's 2018 drilling program at the Barje prospect, yielded head grades of 2.04 g/t Au and 10.99 g/t Au and gold recoveries to concentrate of 88.2% and 90.5%, respectively. The same composite samples yielded silver head grades of 15.1 g/t Ag and 107.2 g/t Ag, and silver recoveries to concentrate of 88.2% and 96.4% respectively. A summary of these results is presented in Table 2.
The 2019 exploration program was fully funded by Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) ("Fortuna") and was directed by a joint Fortuna-Medgold technical committee pursuant to the terms of the Tlamino Option Agreement announced on March 7, 2017. Pursuant to the terms of said Agreement, as later amended, Fortuna has earned a 51% interest in the Project having spent US$3 million in exploration expenditures.
"
PLAN CLOSES POST CONSOLIDATED SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
Further to the news releases dated Dec. 4, 2019, and Dec. 24, 2019, Progressive Planet Solutions Inc. has closed the second tranche of the private placement comprising 2.01 million hard-dollar units at six cents per unit for total proceeds of $120,600.
Each hard dollar unit comprises one common share and a share purchase warrant entitling the holder to purchase an additional share in the Company for $0.075 a share if exercised on or before July 29, 2020. Securities will bear legends restricting resale until May 30, 2020.
Subscribers include Investor News Network (INN). INN is a digital media company with whom the Company has entered into a service agreement, pursuant to which INN will provide comprehensive digital media services. INN provides news and education for investors in over 40 targeted categories with the opportunity to connect educated investors with trusted companies. Proactive Investors is also a digital media company, with which PLAN recently renewed an annual contract for the provision of video and editorial services.
The Company will use the proceeds from private placement for general working capital, and to repay unsecured indebtedness owing by the Company to David Richardson, a non-arm's length party to the Company for reason of holding over 10% of the issued and outstanding shares of the Company. In addition, proceeds from the private placement in the amo
More good news in an update from Australia royalties
" ("Newport" or "the Company") is pleased to provide an update on production and drilling activities on licenses in the Cooper Basin, Australia over which the Company has a 2.5% gross overriding royalty ("GOR"). This information was reported by Beach Energy Ltd ("Beach") (ASX: BPT) in its FY2020 Second Quarter Activities Report dated 29th January, 2020.
Production
Beach report that their quarterly oil production from ex PEL 91 increased 16%, with ex PEL 91 reporting production of 1,556kboe, up from 1,337kboe in Q1.
Beach's Western Flank gas liquids production from ex PEL's 91/106 was 545kboe, 6% higher than the prior quarter as two high-liquids content Lowry wells were connected and facility reliability was maintained at greater than 99%.
Field work continues to support higher liquids production rates.
Drilling
Highlights of Beach's drilling program include a 100% success rate from nine oil development wells across the Bauer, Kalladeina and Chiton fields in ex PEL 91. The wells comprised three vertical and six horizontal wells, including a horizontal well with the longest lateral length drilled by Beach in the Western Flank to date at 1,629 metres. At quarter-end, one horizontal well was drilling ahead.
At the Bauer Field in ex PEL 91, the Bauer Northwest-2 and -3 appraisal wells were cased and suspended as future producers. The results from these wells indicate a northerly extension of the Bauer Field. Utilizing production data from the wells, the potential for future appraisal and development drilling will be evaluated.
At the Arno Field in ex PEL 91, the Arno appraisal drilling campaign was completed with the Arno-3 well also being cased and suspended as a future producer.
Oil Price
Beach report that the average realized price of oil for the Quarter increased 3% to AUD$105.9/bbl.
Guidance
The Company receives its gross overriding royalty from Beach, which is not a reporting issuer in Canada, therefore Newport is not able to confirm if the disclosure satisfies the requirements of NI 51-101 - Standards of Disclosure for Oil and Gas Activities, or other requirements of Canadian securities legislation.
The Company is unable to forecast potential productivity for each well and continues to strongly encourage shareholders and potential investors to access information released independently by Beach and Santos Ltd."
Not sure how to evaluate this new acquisition, only testing will tell the value.
"("ILI" or the "Company") (TSXV:ILI) is pleased to announce that the Company entered into an option agreement to acquire a 90% interest in the "Dixie Ten-Mile" properties from Pistol Bay Mining Inc., in the Red Lake Mining District. The property package covers the Dixie 17, Dixie 18, Dixie Gap and Dixie 20 mineral occurrences and prospects, with the eastern portion of the property located at the junction of the Ten Mile Road and Snake Falls Road.
The Dixie Ten-Mile property is approximately 20 kilometers north-east of the "LP Target" drilling activity of Great Bear Resources Corp.'s Dixie Project. The Dixie Ten-Mile property is approximately 5 kilometers north-west of the Company's Dixie 3 property (see press release 2019-12-12).
The Dixie Ten-Mile property comprises 89 claims, covering approximately ~2,000 hectares. The property has excellent access and logistics, from Red Lake or Ear Falls, and is traversed by the Snake Falls main access road.
The Dixie Ten-Mile property covers 4-5 km of strike length along two mineralized stratigraphic horizons hosting Cu-Zn mineralization and exhibiting intense footwall hydrothermal alteration. The property has seen intermittent exploration since 1950's with resurgence in 1960's upon the discovery of the South Bay Mine, located approximately 45 kilometers to the north-east. Major mining companies including Selco, Noranda, Minnova-Inmet, Rio Algom, Inco and Homestake working in the area in the 1970- 1990's. Tribute Minerals Inc. ("Tribute") in the early 2000's completed line cutting, geophysical surveys, a Quantec Geosciences Titan-24 surveys, and additional diamond drilling.
Highlights include:
Dixie 18 Zone - The northern horizon hosts the Dixie 18 deposit with resources (historic, non-43-101 compliant (*1) reported by Noranda of 110,000 tons (99,820 tonnes) grading 0.5% Cu and 12.5% Zn to a depth of 150 meters.
Dixie Gap - Approximately 1.5 kilometers east of the Dixie 18 occurrence, a cluster of strong AEM (airborne electromagnetic) (INPUT) targets (known as the Dixie Gap) indicates continuing conductivity to the west.
Dixie 19 and Dixie 17 - The second mineralized horizon is located 1.5 kilometers south of the Dixie 18 horizon and hosts two Cu-Zn prospects known as the Dixie 19 and 17 zones. Dixie 19 consists of stringer to massive sulphides locally interbedded with massive magnetite which has been traced by drilling for a 500m strike length to a depth of 225 metres. Significant drill intersections on the southern mineralized horizon include 7.34% zinc (Zn), and 1.4 % copper (Cu) over 9.5 metres in the Dixie 17 Zone, and 6.33% Zn and 1.50 % Cu over 3.35 metres in the Dixie 19 Zone.
The Dixie 19 Zone is coincident with the second Titan-24 target. Mineralization in the Dixie 19 Zone has been identified by drilling over a 500 meter strike length to a depth of 225 metres and ranged in thickness from < l meter to 30 meters.:
At the time (2003) the previous operator, Tribute Minerals Inc. has utilized a newly developed, deep penetration geophysical technique (Quantec's Titan-24 system) in an attempt to "see" to depths below those previously possible.
Dixie 20 - In 2003 Tribute reported: "The results of the Titan-24 survey are very encouraging to Tribute, since they show a series of conductive anomalies (Dixie 20) over a strike length of 800 meters at depths of approximately 1 km which are consistent with the response expected from massive sulphides or graphite. (Westoll. 2003, 43-101 Report for Tribute Minerals Inc.)
*1 - Note: historic, non-43-101 compliant resources have not been verified, nor should they be relied upon.
The Dixie Ten-Mile property covers prospective alteration in rock units favorable for VMS mineralization with a portion of the property covered by the Titan-24 survey.
"We are accumulating a favourable land package in the Red Lake area as part of our strategy to focus on prospective gold and VMS targets," said Mike England President and CEO of Infinite Lithium. "The Dixie Ten-Mile property is proximal to the Company's recently acquired Ben Lake, Dixie 3, Eastern Vision and North Buffy Lake properties in the Red Lake camp."
Mr. England continued, "Significant advances have been made since 2003, with deep penetrating geophysical techniques able to identify anomalies to depths of 500 to 1,100 meters, and the Company is investigating these types of survey over the highly prospective stratigraphy of the Dixie Ten-Mile property."
To earn a 90% interest in the Dixie Ten-Mile property from Pistol Bay Mining Inc., an arms-length party, Infinite will make cumulative payments of Cdn $60,000 cash, the issuance of 1,000,000 common shares of the Company over a one (1) year period and perform expenditures of $550,000 over a 2 year period. An additional 15% interest in the claims can be purchased for Cdn $30,000 and an additional 500,000 shares. An underlying vendor retains a 1 % Net Smelter Royalty ("NSR"), 50% of which is purchasable by Infinite for Cdn $400,000 at any time.
This transaction is subject to TSX Venture approval.
Mr. Kelly Malcolm, professional geoscientist, P.Geo, is the qualified person as defined by National Instrument 43-101 has examined and described the geological information available form public sources related to the property and is responsible for reviewing and approving the technical contents of this press release.
The Qualified Persons have not completed sufficient work to verify the historic information on the Property, particularly in regard to historical drill results and historical resources. However, the Qualified Persons believe that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.
About Infinite Lithium Corp.
Infinite Lithium is a junior mining exploration company focused on seeking and acquiring world-class mineral projects globally. Our current focus is on properties with the potential for VMS mineralization in the Confederation Mineral Belt near Red Lake, Ontario, and the Jackpot Lithium property located near Nipigon, Ontario. Infinite Lithium also continues to evaluate suitable prospects that fit the mandate of the company. "
Latest move by management to increase exposure to the Marketplace
" (CSE: IP) (OTC: IPNFF), announced the company is working with Dearborn, Michigan based KLA Laboratories, Inc., a 91-year-old family-owned firm providing a range of information technology and communication projects and services, as a partner in the KLArity Ecosystem Partners Platform. The Platform was created to enable KLA to help their customers navigate the landscape of emerging technologies and the integration of those solutions in their respective environments and facilities.
Imagination Park's new patent-pending Augmented Reality (AR) technology allows you to integrate the digital world into the real world within minutes, giving your branding, marketing & sales campaigns unlimited potential. (CNW Group/Imagination Park Technologies Inc.)
"KLA is happy to announce Imagination Park has joined the KLArity Ecosystem Partners Platform," said Shawn Kuzmin, Vice President of Arenas & Venues at KLA Laboratories. "Imagination Park allows fans to instantly engage with venues and advertisers with their ImagineARTM augmented reality platform. This technology will prove invaluable to the KLArity Ecosystem Partners Platform".
"ImagineARTM is excited to partner with KLA to provide high-performance fan engagement experiences to the sports and venue marketplace," said Imagination Park CEO and Founder Alen Paul Silverrstieen. "Augmented Reality campaigns using mobile phones can build deeper connections with fans, generate new sponsorship revenue opportunities, and fan gamification while enhancing their in-stadium/arena experience. ImagineARTM captures each fan activation and data so organizations can measure the true ROI of their campaigns."
Imagination Park creates engaging and interactive holographic content delivered by its cloud-based augmented reality enterprise platforms. With their "AR-as-a-Service" augmented reality platform, ImagineARTM, sports teams and venues can implement their own fan engagement campaigns. With ImagineARTM, clients build deeper connections with fans through collaborations with players and the introduction of gaming while improving in-arena experiences; no programming or technology experience required.
About KLA Laboratories, Inc.
Established in 1929, KLA Laboratories is a projects and services company providing award-winning, turnkey solutions for Networks, Premise Cabling, Operational Technology, the Internet of Things, Wireless Networks, Collaboration, Audio/Video, and Event Production. From concept to completion, KLA Laboratories prides itself on detailed design, consulting, project management, and on-time completion for any size project, anywhere. For more information, follow KLA on social media or visit www.klalabs.com.
About Imagination Park
Imagination Park Technologies Inc. (CSE: IP) (OTC: IPNFF) has developed ImagineAR.com; an "AR-as-a-Service" platform for desktops that enables businesses of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds using ImagineARTM. Customers simply point their mobile device at logos, signs, buildings, products, landmarks and more to instantly engage videos, information, advertisements, coupons, 3D holograms and any interactive content all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The ImagineAR.com mobile app is available in the IOS and Android mobile app stores."
Latest move by management to increase exposure to the Marketplace
" (CSE: IP) (OTC: IPNFF), announced the company is working with Dearborn, Michigan based KLA Laboratories, Inc., a 91-year-old family-owned firm providing a range of information technology and communication projects and services, as a partner in the KLArity Ecosystem Partners Platform. The Platform was created to enable KLA to help their customers navigate the landscape of emerging technologies and the integration of those solutions in their respective environments and facilities.
Imagination Park's new patent-pending Augmented Reality (AR) technology allows you to integrate the digital world into the real world within minutes, giving your branding, marketing & sales campaigns unlimited potential. (CNW Group/Imagination Park Technologies Inc.)
"KLA is happy to announce Imagination Park has joined the KLArity Ecosystem Partners Platform," said Shawn Kuzmin, Vice President of Arenas & Venues at KLA Laboratories. "Imagination Park allows fans to instantly engage with venues and advertisers with their ImagineARTM augmented reality platform. This technology will prove invaluable to the KLArity Ecosystem Partners Platform".
"ImagineARTM is excited to partner with KLA to provide high-performance fan engagement experiences to the sports and venue marketplace," said Imagination Park CEO and Founder Alen Paul Silverrstieen. "Augmented Reality campaigns using mobile phones can build deeper connections with fans, generate new sponsorship revenue opportunities, and fan gamification while enhancing their in-stadium/arena experience. ImagineARTM captures each fan activation and data so organizations can measure the true ROI of their campaigns."
Imagination Park creates engaging and interactive holographic content delivered by its cloud-based augmented reality enterprise platforms. With their "AR-as-a-Service" augmented reality platform, ImagineARTM, sports teams and venues can implement their own fan engagement campaigns. With ImagineARTM, clients build deeper connections with fans through collaborations with players and the introduction of gaming while improving in-arena experiences; no programming or technology experience required.
About KLA Laboratories, Inc.
Established in 1929, KLA Laboratories is a projects and services company providing award-winning, turnkey solutions for Networks, Premise Cabling, Operational Technology, the Internet of Things, Wireless Networks, Collaboration, Audio/Video, and Event Production. From concept to completion, KLA Laboratories prides itself on detailed design, consulting, project management, and on-time completion for any size project, anywhere. For more information, follow KLA on social media or visit www.klalabs.com.
About Imagination Park
Imagination Park Technologies Inc. (CSE: IP) (OTC: IPNFF) has developed ImagineAR.com; an "AR-as-a-Service" platform for desktops that enables businesses of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds using ImagineARTM. Customers simply point their mobile device at logos, signs, buildings, products, landmarks and more to instantly engage videos, information, advertisements, coupons, 3D holograms and any interactive content all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The ImagineAR.com mobile app is available in the IOS and Android mobile app stores."