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Oh baby!
Viscount Completes $1 Million Private Placement
Date : 06/11/2012 @ 7:27PM
Source : Business Wire
Stock : Viscount Systems, Inc. (VSYS)
Quote : 0.31 0.0 (0.00%) @ 5:08PM
Viscount Completes $1 Million Private Placement
PrintAlert
Viscount Systems, Inc. (OTCBB: VSYS) announced today that it has completed the sale of $1,000,000 of its Series A Convertible Redeemable Preferred Stock to two institutional investor groups managed from New York City. Pickwick Capital Partners, LLC acted as the sole placement agent for the transaction.
Proceeds to the company from the sale of the Series A Shares will provide working capital to support and accelerate deployment of the Company’s Freedom Access Control security solution, for investor relations and for working capital purposes.
Steve Pineau, CEO of Viscount Systems, stated, “We are pleased to have completed this private placement with two institutional investor groups that showed confidence in the uniqueness of our unified IT/access control platform. We believe that the cost and security advantages of our patent-pending technology will continue to attract end-users in both the commercial and government sectors.”
The Series A Shares are convertible into shares of common stock of the Company at the rate of $0.0407 per common share. The Company also issued the Series A Share investors 5 year warrants to purchase 12,285,012 shares of common stock at a price of $0.08 per common share. The Series A Shares are subject to the provisions of the Company’s Certificate of Designation, Preferences and Rights of the Series A Convertible Redeemable Preferred Stock, including restrictions on voting and conversion rights to 4.99% of the outstanding common stock per holder, and dividends of 8% payable in cash or Series A Shares. The Company also granted registration rights to the holders of the Series A Shares that may be exercised in certain circumstances. Additional information on the Series A Shares is included in the Form 8K filed with the SEC.
http://ih.advfn.com/p.php?pid=nmona&article=52730950&symbol=VSYS
That's why you invested in WOLV and advised your "followers" via your investment newsletter to invest in WOLV? LOL
The statement below lacks credibility.
ALSO I HAVE NOT SEEN ONE JUNIOR MINER OVER THE LAST 14 YEAR SINCE I HAVE BEEN IN PENNIES THAT HAS MADE IT....THEY ARE ALL RAN BY ONE LOSER AFTER ANOTHER. I see some of the junior miners followed lol.
Pinks are highly volatile stocks. Junior miners are high risk stocks. Investing one's IRA funds in a penny stock is suicidal.
Only invest what you can afford to lose. No wonder you are so upset. However, it was your decision, no one forced you to buy WOLV.
I would love this to make me a ton of money but right now that is only hope but reality is WOLV ruined my IRAs and main accounts
What is your point?
That you are a pissed off twit?
Wrong, its more like Bush era policies, more Nixonian and fascist.
Our Supreme Ct. is dominated by conservative Catholics.
Yes, the Supreme is over run by activist, conservative Catholics like, Scalia, Roberts, Thomas ( he was converted to Catholicism by Scalia), Alito.
Justice kenndy is the only moderate Catholic. The other 4 members are liberals!
Our neighbor Nemaska is moving right along with its plans to go into lithium hydroxide production in 2014. Our property is right next door.
June 05, 2012
QUÉBEC CITY, QUÉBEC, CANADA--(Marketwire - June 5, 2012) - Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX VENTURE:NMX)(OTCQX:NMKEF) is pleased to announce that the Corporation has filed two US provisional patent applications pertaining to its unique process to produce lithium hydroxide and lithium carbonate. On April 23, 2012, the Corporation filed US patent application 61/636,869 in order to protect Nemaska's processes for preparing high purity lithium hydroxide and high purity lithium sulphate in a low cost, environmentally friendly manner. Subsequently, on May 30, 2012, US patent application 61/653,035, was filed in order to protect Nemaska's processes for preparing lithium carbonate from lithium hydroxide. This proprietary method uses an environmentally friendly approach to prepare high-yield, high purity lithium carbonate, while keeping production costs to a minimum.
"Our lithium hydroxide production process uses electrolysis and eliminates the use of large quantities of soda ash, a major input used in the traditional conversion process," commented Guy Bourassa, President and CEO of Nemaska Lithium Inc. "The price of soda ash is constantly fluctuating, is unpredictable, and has significantly increased over the past few years. By eliminating this input and through the use of electrolysis, we are in a position to enter into long-term electricity contract in Quebec, which will reduce overall costs and improve margins over a defined period. The availability of electricity in Quebec allows for a second value added transformation process, which will maximize value for our shareholders as well as Quebec-based communities".
These promising protected technologies should position Nemaska as a world leader in the production of low cost lithium hydroxide and lithium carbonate. The Corporation views its intellectual property as a key competitive advantage. Nemaska, in conjunction with its patent agents, is currently contemplating the filing of additional patent applications.
Market for Lithium Hydroxide
As confirmed in a recent market study commissioned by Nemaska, the market for lithium hydroxide is forecast to double every five years for the next 15 years. Currently four companies are meeting demand, but have limited capacity to support the projected increase in demand. Nemaska intends to produce lithium hydroxide by 2014, in time to meet the predicted ramp up in demand for lithium hydroxide. Furthermore, lithium hydroxide currently sells at a premium of at least 25% compared to lithium carbonate.
June 05, 2012
QUÉBEC CITY, QUÉBEC, CANADA--(Marketwire - June 5, 2012) - Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX VENTURE:NMX)(OTCQX:NMKEF) is pleased to announce that the Corporation has filed two US provisional patent applications pertaining to its unique process to produce lithium hydroxide and lithium carbonate. On April 23, 2012, the Corporation filed US patent application 61/636,869 in order to protect Nemaska's processes for preparing high purity lithium hydroxide and high purity lithium sulphate in a low cost, environmentally friendly manner. Subsequently, on May 30, 2012, US patent application 61/653,035, was filed in order to protect Nemaska's processes for preparing lithium carbonate from lithium hydroxide. This proprietary method uses an environmentally friendly approach to prepare high-yield, high purity lithium carbonate, while keeping production costs to a minimum.
Damn, that looks like bloody hard work. Working in dark, damp, confined mines.
People taking profits here, not a bad move. Also, it presents an opportunity to buy more during this phase.
I'm holding for more good news that should be on the way.
Thanks for reposting.
I'm sure this will not be the last time some scammer files this type of law suit. Hope I-Hub collects its attorney's fees from Mr. Eade.
A nice Admin sent me a working link to the motion to dismiss that idiotic complaint.
http://adserv.stocksite.com/images/pubdocs/031112134468%20Motion%20to%20Strike.pdf
Thanks.
But, I tried those links and they are no good. Too old, I guess.
Does anyone have a link to the Motion To Strike COmplaint in the Kenneth Eade case?
Thanks.
D
I have been buying this stock for the past two months, early bird thingy you know
Holding onto this one.
I would ask Jordan about this.
Glad I didn't sell too early. Was up 80% but the volume was not strong enough.
That's the essence of investing in junior miners. Lot's of risk because they are just drilling to discover key targets. However, lots of upside too. WOLV's management are a bunch of crusty, seasoned mining types. Bruce's whole career has been in mining and he is a true blue Canuck!
I believe still to this day that this could be (could be) an elephant discovery of enormous potential, and that is why I own 5% of the float at this time. So no matter what a bunch of keyboard warriors want to talk about the facts remain::::::
This Gordon Blake.
A couple of the prospectors very close to the claims of WOLV were spending time/money on investigating their claims this past Fall.
Further claim moves into the general vicinity too. SSR was also active in their two claims closest to WOLV and plan to continue to explore that potential, as was/does Capella Resources.
Peter Rogers or Gordon Blake are also two of several good prospects in that area that IMO could become active in participation or venturing with WOLV or maybe as investors.
That whole area is getting exploration attention. It was always too remote to get much attention before.
Cee-It- can you tell us more about Gordon Blake and the claims he's staked in the WOLV's area?
Gordon Blake believes strongly that there is a minerals connection between the claims of Wolverine and the claims of Altius; and, he's accordingly staked a claim on the area connecting them where he believes this is indicated.
These low prices are going to be history soon as word of exploration results in the immediate area starts to become wider known and WOLV starts drilling.
$120 can of paint = 50%
I agree with your statement below. Nothing but a pump job!
SRGE is nothing more than PUMP BABBLE and a server.
MORE GIGA BYTES = NEW SRGE ' ASSAY RESULTS
I'm waiting till .0002, and then I will bring those dump trucks that we saw photos of at some site in Nevada, and will be loading up.
OK. Zecco advised it will take around 2 days for all this to clear and hit my account.
I sure hope you're right about the higher valuation.
Why is the volume so low?
You clearly have misunderstood and misinterpreted that clause.
IF YOU'RE IN A PP YOU CAN NOT BUY PP SHARES TO TRADE THEM
Good news. Finally winding down PBTD.
Tucana Lithium Corp. (OTCQB:TUCA) wishes to announce the Company has entered into an Asset Purchase Agreement with Alain Champagne and other parties to acquire a One Hundred (100%) interest in the Lac Kame and EM-1 Properties located in the James Bay, Quebec region of Canada. It is covered by NTS sheets 32O13. The property is made up of 37 map-designated cells totaling 1,961 hectares. Pursuant to the Agreement, the Company will issue a total of 2,000,000 shares of common stock plus an additional payment of $3,000 in cash. Furthermore, the Company has agreed to an additional payment of $50,000 and the issuance of 1,000,000 shares after spending a total of $1,000,000, an additional payment of $100,000 and the issuance of 1,000,000 after spending $2,500,000, and an additional payment of $150,000 and the issuance of 1,000,000 shares after spending a total of $5,000,000 on the properties. The Company has also agreed to pay the Selling group a three (3%) royalty on any commercial producing mineral deposit. The Company's main interest with the newly acquired claims will be magnetic anomalies for kimberlite based upon the airborne magnetic survey released in October 2011.
In addition, the Company entered into a Stock Purchase Agreement with Pay By The Day Company Inc., an Ontario corporation ("PBTD") and Tucana's President Jordan Starkman ("Starkman") to acquire all of the issued and outstanding common shares of PBTD. In exchange, Mr. Starkman assumes and agrees to pay, perform, and discharge all the liabilities and obligations of PBTD. The Company
LOL.
Shorting a 000 stock? No, it was the IR and the pump campaign shares that were dumped today.
Those phony pics you've posted are too funny.
Those 000's are for real and so was the dumping.
The only thing that's not real is the mine or the shell company, but you know that already, as the non-paid IR for SRGE.
WOLV looking good cause they actually own the rights to the property in Labrador.
Unlike that POS in Mexico that just hit the 000's.
I guess all those free shares to Cameroon partners to pay for the pump of this scam must be hitting the market.
Cameroon probably got millions of free shares so it don't matter what the pps is, for them its free money.
It's lost 80% of it's value in 4 days. I guess it will just stop here and reverse?
VSYS should be trading much higher. Lot's of good news will be coming our way.
We all know SRGE is a scam.
The issue is, how much will be spent on the pump budget? No money for an awareness pump, then this POS wil hit the 000's.
Triple zeroes eh?
I think it will be an awesome buying op at .0001.
Can't wait to load up on this scammy little pinky.
What do you think the next pr will say?
I was up 80% but did not sell.
How was your trip?