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I believe it is VERY interesting and important that the Richman Brothers are indicated as involved. If you were involved in FRMA affairs 10 years ago or more, Richmond Brothers had basically funded the company as the company was involved in gold mining in Mexico. They proved very supportive even when things turned sour!! Their guidance could be critical as management by Mr.S.Dufort rolls out his exciting plans for the company.
Management has determined that the future of PLAN rests in its leading ability to help diminish the carbon footprint of common cement that has universally polluted the earth. "
("PLAN" or "Progressive Planet"), an emerging leader in reducing the carbon footprint of cement products using natural pozzolans, is pleased to announce it has sold and optioned a combined total of 10 million of its 10.5 million shares of Snow Lake Resources.
The sale and option agreements were made with two arms-length purchasers. The first sale was for 1,700,000 shares at $0.04 per share for a total of $68,000 and includes an option granted by PLAN entitling the same party to purchase an additional 4,966,666 shares at $0.04 per share until May 11, 2021. The second sale was for 1,250,000 shares at $0.04 per share for a total of $50,000 and includes an option granted by PLAN to such party to purchase an additional 2,083,334 shares until August 14, 2021. As at the date of this news release, PLAN has received $116,000 and will receive another $284,000 if the remaining shares are purchased under the option agreements.
The sale of this non-core asset is the final step in focusing PLAN on developing its portfolio of assets in the Kamloops area of BC. The map below shows the location of the 3 mineral properties and the comminution plant.
MAP OF PLAN’s BC ASSETS (CNW Group/Progressive Planet Solutions)
PLAN intends to use the funds from this sale to purchase larger equipment for its Comminution Plant in Spallumcheen, BC, which in turn will support revenue growth. The comminution plant finished commissioning in late August 2020 and is producing and shipping product on an ongoing basis. The plant currently has a backlog of orders from customers.
"The Snow Lake Resources shares represented a minority interest in a company that is focused on minerals outside our area of interest. This asset was recorded on our balance sheet at a value of $135,388. If the options are exercised, we will receive a total of $400,000 for 10 million of these shares. Our sole focus going forward is to develop our pozzolan and metals properties in BC while growing our bricks and mortar business of making rock powders," stated Steve Harpur, CEO.
ABOUT PROGRESSIVE PLANET
Progressive Planet is an emerging leader in reducing the carbon footprint of cement products using natural pozzolans to replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.
Progressive Planet operates its flagship Z1 Zeolite Quarry in Cache Creek, BC and is earning an 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. Progressive Planet also operates a Comminution Facility in Spallumcheen, BC. All three properties and the Comminution Plant are all within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.
Management announces change to PP to enhance its appeal. Will be most interesting to see Mr. Cohen's participation in this PP. He certainly has been the major contributor, historically,
" (“Plato” or the “Company”) announces that the non-brokered private placement of up to 8,000,000 units (“Units”) at a price of CAN$0.05 per Unit previously announced on November 3, 2020 (the “Offering”) will no longer include an acceleration clause for the expiry date of the common share purchase warrants. In addition, the Company announces that it is extending the closing date to December 14, 2020.
Each Unit will consist of one (1) common share in the capital stock of Plato (“Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share at a price of CAN$0.10 per Common Share until the date which is thirty-six (36) months following the closing date of the Offering, whereupon the Warrants will expire.
The Corporation intends to use the net proceeds from the Offering to conduct drilling on the company's Holloway gold property, prepare the company's Lolita property in Santa Cruz, Argentina for an upcoming drill program, and general working capital purposes.
Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and applicable securities regulatory authorities.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Plato Gold Corp.
Plato Gold Corp. is a Canadian exploration company listed on the TSX Venture Exchange with projects in Timmins Ontario, Marathon Ontario, and Santa Cruz, Argentina.
The Timmins Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in the Harker/Holloway gold camp located east of Timmins, Ontario with a focus on gold.
In Argentina, Plato owns a 95% interest in Winnipeg Minerals S.A. (“WMSA”), an Argentina incorporated company which holds a number of contiguous mineral rights totaling 9,672 hectares with potential for gold and silver.
The Pic River Platinum Group Metals (PGM) Project consists of 2,247 hectares in Foxtrap Lake and Grain Township, near Marathon Ontario of which 19 claims are contiguous to the western boundary of Generation Mining’s Marathon PGM project where their Sally deposit is located, for palladium equivalent.
The Good Hope Niobium Project consists of approximately 5,146 hectares in Killala Lake Area and Cairngorm Lake Area Townships, near Marathon Ontario with the primary target being niobium.
"
No idea what the revenue stream would be for IP from this project but the PR with Shoppers is invaluable. A major achievement for management!!
"ImagineAR (IP:CSE) (IPNFF:OTCQB) an Augmented Reality Company that enables sports teams, brands and businesses to instantly create their own mobile phone AR campaigns, is pleased to announce that it will work with Shoppers Drug Mart and the event production agency HUMANCONTACT Inc., to deliver an Immersive AR Experience to over 2500 Corporate Staff, Pharmacist-Owners, and Front Store Managers across Canada. Using the ImagineAR Custom White-label mobile app, Shoppers Drug Mart will integrate dynamic AR into the live streamed virtual event sessions.
Karen Bossin, Director, Conferences & Events at Shoppers Drug Mart said; "We are excited to integrate ImagineAR into the launch of our 2021 Virtual Conferences, including on-screen live-streamed AR activations as well as real-time Immersive AR delivered into the homes of our attendees all across Canada. Shoppers Drug Mart is thrilled to be the global pioneer in integrating mobile augmented reality with virtual events.”
Gareth Musico, President of HUMANCONTACT, stated “Our approach to virtual events has been to re-imagine the traditional video call or stream experience and deliver engaging, interactive, and customized content to attendees at home. ImagineAR is an extension of this mission and we’re excited to utilize its capabilities for virtual events and conferences.”
“To be selected by Shoppers Drug Mart for their company-wide events validates ImagineAR is the leading AR immersive platform available today,” said Alen Paul Silverrstieen, CEO and President of Imagine AR. “With the success of this interactive program, we expect to aggressively market our AR Immersive Event Solution to retail companies around the globe.”
MAJOR DEVELOPMENT by the company. Hopefully. the first of many new Markets being served by MPXI
"MPX International Corp. has completed its first delivery of cannabis flower pursuant to its production and distribution agreement with Panaxia Pharmaceutical Industries Israel Ltd., the largest manufacturer and distributor of medical cannabis products in Israel, for the packaging and distribution of cannabis which will be marketed and sold in Israel under Canveda's medical brand Salus BioPharma.
"MPXI has a long-standing relationship with Panaxia and welcomes the opportunity to market our brand in Israel as part of our international cannabis strategy," noted W. Scott Boyes, chairman, president and chief executive officer of MPX International. "Panaxia is a major player in the Israeli market and an emerging participant in the global cannabis space and we are honoured to be able to work with the Panaxia team on this and potentially other projects."
A first shipment of 100 kilograms of high-quality cannabis flower was shipped from Canada to Israel on Nov. 15 after receiving an export permit from Health Canada.
Panaxia uses high-quality cannabis flower to manufacture and distribute a variety of standardized, pharma-grade, smokeless, measured-dosage cannabinoid-based products, including sublingual tablets, slow release tablets, pastilles, rectal suppositories, vaginal suppositories, skin-care ointments, topical patches and oral spray inhalers.
The Salus BioPharma products will be sold to patients with a variety of conditions such as PTSD, chronic pain, cancer, epilepsy, Parkinson's, Alzheimer's, anorexia and HIV/AIDS.
"We are proud to be collaborating on this project with our Canadian partners, MPX International Corp. and expand our cooperation in Israel and potentially other international markets. As an experienced pharmaceutical company and the largest manufacturer and distributor of medical cannabis products in Israel, we are committed to providing premium, standardized and scientifically backed pharmaceutical cannabis products to our partners and patients worldwide. MPXI leads the pharmaceutical approach to medical cannabis in Canada, which makes them a natural partner for distribution of high-quality pharmaceutical cannabis products in Israel," said Assi Rotbart, general manager of Panaxia.
"We have delivered our initial 100 kg of bulk high-quality sativa and indica cannabis strains as an initial foray into the Israeli market. Panaxia will be responsible for quality control, packaging and distribution of Salus BioPharma products in Israel," said Michael Arnkvarn, chief operating officer, Canada, of MPXI. "The Salus BioPharma brand is our premier medical brand and we are excited to commence international distribution of our Salus BioPharma products with Panaxia in Israel.
Following this initial foray into the international cannabis market, we are working to expand distribution of the Salus BioPharma Brand to additional international markets. We are now in the process of securing import and export permits for an additional 200 kg shipment in January of 2021."
Just received link to a presentation yesterday by Mr Paul Ghezzi CEO of KNR. Very thorough and encouraging.
https://www.webcaster4.com/Player/Index?webcastId=38778&g=44021ad9-f448-459a-937a-dc6a9dfff1be&uid=6037950&sid=
Encouraging assay results reported by the company. Of course further drilling needed to expand the find but hope is there.
Golden Lake Exploration Inc. (CSE:GLM) ("GLM" or the "Company")(OTCQB:GOLXF) is pleased to report further assay results from the summer drill program on the keystone Jewel Ridge gold property located near the town of Eureka, Nevada. A new, deeper elevation, mineralized zone was intersected in hole JR-20-09 at a depth of 160.0 meters, averaging 1.48 grams gold per tonne ("g/t Au") and 1.3 grams silver per tonne ("g/t Ag") over an interval of 10.67 meters. This represents a second mineralized horizon hosted in dolomite, in addition to the "Upper Mineralized Zone" that returned 1.25 g/t Au and 5.5 g/t Ag over 16.76 meters from surface in hole JR-20-09. These four holes wrap up the summer program results - assays are now pending from the most recent program announced October 20, 2020.
The Lower Mineralized Zone ("LMZ") intersection supports the geological model of a series of stacked, oxide, Carlin-type gold zones with a halo of mineralized material (above a projected 0.2-gram cut-off grade, 0.2 to 0.5 g/t Au range), in the Eureka Tunnel area, on the Jewel Ridge Property. Discovery of a stacked component of oxide gold mineralized horizons represents an attractive target for future drilling and significantly enhances the tonnage potential.
Eureka Tunnel Oxide Zone Drill Highlights
The Eureka Tunnel (aka South Eureka Tunnel) mine is located in the northwest quartile of the Jewel Ridge property, with the "Oxide Zone" (aka "Viking Zone") located east and north-east of the main portal. The Eureka Tunnel Oxide Zone comprises both Carlin-type and CRD -type ("Carbonate Replacement Deposits") oxide mineralization. A total of seven (7) Reverse-Circulation ("RC") drill holes were completed, comprising 1,048.57 meters, with assays for three vertical holes previously received (PR September 24, 2020), with a highlighted intercept of 2.80 g/t Au and 5.9 g/t Ag over 22.98 meters from surface. Highlights:
Upper Mineralized Zone ("UMZ") - the UMZ was consistently intersected in four holes, with intersections of higher-grade oxide gold mineralization over an average width of 21.34 meters, starting at surface, with a weighted average grade of 1.45 g/t Au and 4.8 g/t Ag. This target is open to the south, southwest, the northeast and north. All holes are vertical, and reported widths represent vertical intervals. Addition drilling is required to determine the true width of the mineralized zones.
Image: https://www.accesswire.com/users/newswire/images/617549/c43970c1-366a-4e06-afb7-b33fdc5cf1ae.png
Upper Zone Halo (UMZ and Low Grade) - Underlying the UMZ in four holes were wide intervals of lower grade oxide gold mineralization (0.2 to 0.5 g/t Au range). The Upper Zone Halo mineralization was intersected in the same four holes and had an average combined vertical width (4 holes) of 42.67 meters with a weighted average grade of 0.96 g/t Au and 3.2 g/t Ag. Including the lower grade halo material approximately doubles the mineralized intervals of the UMZ.
Lower Mineralized Zone ("LMZ") - A new, lower mineralized zone was intersected in hole RC-20-09 at depth of 160.02 meters, averaging 1.48 g/t Au and 1.3 g/t Ag over 10.67 meters, hosted in dolomite. Similar to the UMZ, lower grade mineralization (halo mineralization) underlies this interval, with a wider zone returning 0.83 g/t Au and 1.0 g/t Ag over 21.34 meters from a depth of 160.02 meters. Hole RC-20-09 was the only hole on the east flank of the valley that was drilled to depth (190.05 meters) to test this mineralized horizon (holes RC-20-06, 07, and 08 were too shallow). The multiple stacked nature of the oxide gold mineralized horizons significantly increases the enhances the tonnage potential of the Eureka Tunnel Zone.
Carbonate Replacement Deposit (CRD) Mineralization - CRD type mineralization has been historically mined from the Eureka Tunnel adit which extend approximately 600 meters to the west. Three discrete intersections (see table) of CRD mineralization were intersected in three holes from the recent program. CRD mineralization is associated with higher silver to gold ratios, higher arsenic (As) to gold ratio, and enhanced lead and zinc values.
All data from the recent drilling will be added to the 3D model to refine additional drill targets. The diamond drilling program at the Eureka Tunnel target has recently ended due to inclement weather conditions. A total of three short core holes were completed comprising 376.58 meters.
An IP ("Induced Polarization") geophysical survey is planned to be completed before the end of the month over the Eureka Tunnel area.
Mike England, chief executive officer of Golden Lake, states "We are very pleased with the results to date on the Jewel Ridge project and look forward to results yet to come from the current drill program. These results are giving us a good understanding of the geology and mineralization in place and will help guide us in future programs. Permitting is ongoing on the BLM parcels of land within Jewel Ridge that will be subject to future drill programs in 2021."
Management provides an update to explain why drilling has not started on their gold prospects. Patience is needed.
""Company" or "Discovery Harbour") announces that the Caldera drill permit under its Exploration Plan of Operations (the "Plan") from the United States Forest Service ("USFS") is still pending. The Company had expected to be in receipt of the drill permit earlier this fall. The Company has been in regular contact with the USFS and understands that, although they have not identified any issues or concerns, the review process has taken longer than expected due to the required input from various parties.
Mark Fields, the Company's President and CEO, states, "We have been diligently preparing for the Caldera drill program. Although this is taking longer than expected, we continue to work with the USFS so that we can initiate the drill program. The Company's news release on August 31, 2020 provides a detailed description of the 10 targets from no less than 33 targets within five of the eight distinct gold mineralized areas at Caldera. Figure 1 outlines the locations of the 10 drill sites (A through J). The targeting includes two or more prospective structures (drill sites A to E and F to J). Our recent financing provides us with the funds required for our drill program."
Kontrol Energy Corp. C.KNR
Distribution agreements show sales are coming.No need for
major investment in sales force.
" ("Kontrol" or "Company") is pleased to provide an update on its BioCloud technology development.
"Our team continues to execute on the vision to create and bring to market a safe space technology," says Paul Ghezzi, CEO of Kontrol.
Distribution Agreements
The Company intends to sell BioCloud directly to various potential customers. At the same time the Company is pursuing both exclusive and non-exclusive distribution channels for BioCloud sales. Kontrol is pleased to announce it has entered into two non-exclusive BioCloud distribution agreements. The distribution agreements cover Ontario and Saskatchewan.
The Company has also entered into discussions with various parties for potential industry exclusive distribution agreements which would require minimum unit quantity orders.
New Website
Kontrol has launched a new website for BioCloud. For more information please visit www.kontrolbiocloud.com.
Name Change
Kontrol Energy Corp. is in the process of changing its name to Kontrol Technologies Inc. The name change is anticipated to take place by the end of December 2020.
Cash on Hand
As of November 17, 2020, the Company has $3.8 Million of cash on hand.
About Kontrol BioCloud
BioCloud is a real-time analyzer designed to detect airborne viruses. It has been designed to operate as a safe space technology by sampling the air quality over time. With a proprietary detection chamber that can be replaced as needed, viruses are detected, and an alert system is created in the Cloud or over local intranet. BioCloud has been designed for spaces where individuals gather including classrooms, retirement homes, hospitals, mass transportation and others
BioCloud is not a medical device and the Company is not making any express or implied claims that its product has the ability to eliminate, cure or contain the COVID-19 (or SARS-2 Coronavirus).
About Kontrol Energy
Kontrol Energy Corp. (CSE:KNR)(OTCQB: KNRLF)(FSE: 1K8) is a leader in the energy efficiency sector through IoT, Cloud and SaaS technology. With a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to our customers designed to reduce their overall cost of energy while providing a corresponding reduction in greenhouse gas (GHG) emissions.
Kontrol Energy is one of Canada's fastest growing companies in 2018 and 2019 as ranked by Canadian Business and Maclean's.
A very pleasant surprise dividend announcement today
Newport Exploration Ltd ("Newport" or "the Company") is pleased to announce its fourth quarterly cash dividend ("the Dividend") in 2020 of $0.03 per share to its shareholders of record at the close of business on November 26, 2020. The Dividend payment date is December 11, 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.
Increased Dividend
As discussed in a Company News Release dated August 12, 2020, the move from an annual dividend to a quarterly dividend in 2020 has proved to be the right decision as it has provided the Company with the flexibility to maintain its financial position during a very difficult period. In a sector where many companies are bowing to the inevitable toll of low oil prices and are choosing to cut or eliminate dividends, Newport is keeping its pledge to return cash to its shareholders in the form of a regular dividend. Furthermore, the Company's strong balance sheet ensures that it has the ability to not only maintain regular $0.01 per share quarterly dividend payments but to increase the fourth quarterly dividend for 2020 to $0.03 per share. This is being done for the benefit of all shareholders and without taking on any debt or undertaking equity financing.
The press release is very lengthy and should be read by all investors.
I still have past stated concerns but the dividend increase is appreciated.
Report today from Dr.Fauci confirms what KNR management has said re the need for Kontrol BioCloud.Fauci stated that the COVID 19 will, thanks to coming vaccines, eventually be an effective control. BUT, the virus will never be totally eliminated.Thus Kontrol BioCloud will NOT be obsolete as well as being needed for other viruses that will be, unfortunately, experienced.
Wake up MARKET.
People are still dying from COVID 19 and it will continue until the vast majority of the world population has been vaccinated
Senior members of the population are major victims in all races. At a minimum, 50% of this group lived in nursing homes or assisted living homes.
The main reason for such a negative result is a failure to identify carriers of the virus contacting a susceptible group of recipients.
The Kontrol BioCloud provides instant recognition of the virus for fast removal and tracing of contacts.
All such facilities have mandated fire alarms. THEY SHOULD ALL HAVE MANDATED VIRUS ALARMS.
I previously posted the following- it is still valid.
First, we have a Patented/ pending Patent product that has a unique ability to capture and isolate the covid19 virus. Giving instant notice of its presents in the vicinity. Thus, isolation and mitigation efforts can save lives by avoiding contagion and seeing early treatment for carriers.
It should be noted that this technique would NOT be isolated to Covid 19. Management is confident any subsequent viruses could be similarly identified. Believe me, unfortunately, there will be more such epidemics- not 1 every hundred years but, due to modern travel and open borders, the rapid spread of viruses will be the norm. And, in a dark realism, deliberate spreads may become a reality.
The BioCloud unit can cover approximately 1-2 thousand square feet, depending on wall positioning. Thus classrooms, offices, condos, apartments, homes, buses, planes, hospitals etc, etc can be covered logically.
The cost of $12,000.00 per unit seems quite reasonable and Kontrol Energy Corp should receive significant revenue. But the disposal of the captured virus must be disposed on a regular basis. It will be recommended that a positive captured virus in the detection chamber demands easy removal of the chamber and disposal and insertion of a sterile detection chamber. Such a chamber would have a cost of approx. $300.00 [all funds in us]
Thus significant recurring revenue for the company.
The VACCINE is a welcome development but it does not make the Kontrol Bocloud redundant. Protection is always the better environment.
Today's PR illustrates where the company's interests are! Different entities from the mineral areas of the old company
"Firma Holdings Corp. (OTC PINK:FRMA) is pleased to announce that Fastech Solutions is now an Authorized Distributor of HOT WHEELS™ Americana Series™ PRO Premium Car Care. AmericanaPro Automotive, LLC is the Official Licensee Partner of HOT WHEELS™ Americana Series™ PRO Premium Car Care Products. Fastech Solutions is an industry leading provider of equipment and products to a diverse customer base in many different industries with over thirty years of industry experience.
Fastech Solutions is now offering the opportunity for their automotive dealership customers to sell professional-grade HOT WHEELS™ Premium Car Care Products. The HOT WHEELS™ Premium Car Care Products will now be available for sale across 152 Fastech dealerships in Arizona, California, Illinois, Indiana, Michigan, Nevada & Wisconsin. These high-quality products will wow any car care professional with its proprietary blends that were formulated by the best in the industry. Retail customers will instantly recognize the HOT WHEELS™ brand and will further be drawn in by the sleek and ergonomic bottle design.
Fastech Solutions is also offering their dealership and PRO Detailer customers HOT WHEELS™ Premium Car Care Products for their in-house car wash and detailing. Designed for the ultimate enthusiast, the HOT WHEELS™ Premium Car Care product line up features nine high-quality cleaning and detailing products that are manufactured in the United States, using only professional-grade ingredients and formulas.
Firma Holdings Corp currently owns a 5% stake in AmericanaPro Automotive, LLC with a first right of refusal on an additional 5% ownership stake.
HOT WHEELS™ and associated trademarks and trade dress are owned by, and used under license from, Mattel. ©2020 Mattel. All Rights Reserved.
FASTECH Company Overview - (www.fastechil.com)
Fastech Solutions supplies the highest quality chemicals, car wash and auto repair equipment. Our organization takes pride in our workmanship quality and can help plan, supply, install & service your chemical, car wash and automotive equipment needs.
Specifically for our auto repair and dealership customers we install washer fluid and coolant distribution systems that brings fluid directly to the technicians at zero cost to your organization. We have decades of industry experience in servicing 1000's of car wash, auto repair & car dealership sites.
Fastech Solutions is proud to be offering a retail opportunity for our customers to sell HOT WHEELS™ Premium Car Care Products. These products are sure to capture attention, help increase revenue and can be used for new car purchases, holidays and a variety of other promotional events as well.
About AmericanaPro Automotive LLC - (www.americanapro.com) - (www.goautoguard.com)
AmericanaPro Automotive, LLC. is a privately held company based in Syracuse NY, focused throughout the PRO and Premium Grades in the automotive appearance category.
The team at AmericanaPRO Automotive, LLC and AMERICANA PRO Detailing Products, LLC has over 120 combined years in the chemical category, professional auto appearance, auto manufacturing business, professional motorsports business, C-Suite retail executives, in addition our roots connect through the global car culture as we are all auto enthusiasts.
AmericanaPRO Automotive has a dedicated commitment to "Made in USA" products. AmericanaPRO is a company built on pure passion from the roots of the Americana Car Culture. HOT WHEELS™ Americana Series™ Car Care Products™ are fulfilled by AmericanaPRO™ Detailing Products.
HOT WHEELS™ and associated trademarks and trade dress are owned by, and used under license from, Mattel. ©2020 Mattel. All Rights Reserved.
Firma's Current Plan of Operations.
FRMA is viewed as an emerging growth company and is a potential benefactor of the JOBS Act of 2012 and, as a diversified holding company. In addition to the recent acquisition of Monochrome Corp., Firma will continue to focus on emerging and middle-market domestic and international investment opportunities. Firma is evaluating the acquisition of other interests, joint ventures, and licensing agreements with qualified companies within the consumer and industrial products industries including qualified CBD products."
Finally! THE NEWS WE HAVE BEEN WAITING FOR!
KONTROL RECEIVES CSA STANDARDS APPROVAL FOR BIOCLOUD TECHNOLOGY
Kontrol Energy Corp. has received CSA standards approval for its BioCloud technology.
"This is another important milestone for Kontrol and represents the continuing advancement of the BioCloud technology," says Paul Ghezzi, CEO Kontrol. "CSA is a Canadian standard for safety and is also accepted in jurisdictions outside Canada. In addition to CSA we continue to work on other important regional certifications including UL and CE for the United States and European markets respectively."
Field Certification was provided by ESAFE
CSA regulations require manufacturers of products sold in Canada to receive CSA Standards approval for electrical safety. The field evaluation process follows the CSA's SPE-1000 standard, which has three mandatory and non-destructive tests. Upon successful inspection, ESAFE validates the equipment meets CSA's SPE-1000 standards and labels it approved. ESAFE's labels are recognized across Canada under the Standards Council of Canada accreditation program.
ESAFE is accredited by the Standards Council of Canada (SCC), as an Inspection Body (ISO 17020) and Certification Body (ISO 17065). As an accredited agency, ESAFE is authorized to approve and label equipment for electrical safety.
About Kontrol BioCloud
BioCloud is a real-time analyzer designed to detect airborne viruses. It has been designed to operate as a safe space technology by sampling the air quality over time. With a proprietary detection chamber that can be replaced as needed, viruses are detected, and an alert system is created in the Cloud or over local intranet. BioCloud has been designed for spaces where individuals gather including classrooms, retirement homes, hospitals, mass transportation and others
BioCloud is not a medical device and the Company is not making any express or implied claims that its product has the ability to eliminate, cure or contain the COVID-19 (or SARS-2 Coronavirus).
PP proposed to fund coming drill programs. Will be interesting to see who participates in rge financing.
"(“Plato” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement of up to 8,000,000 units (“Units”) at a price of CAN$0.05 per Unit for gross proceeds up to $400,000 (the “Offering”). Closing of the Offering is expected to occur on or about November 30, 2020.
Each Unit will consist of one (1) common share in the capital stock of Plato (“Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share at a price of CAN$0.10 per Common Share until the date which is thirty-six (36) months following the closing date of the Offering, whereupon the Warrants will expire. If the weighted average trading price of the Corporation’s common shares on the Corporation’s principal stock exchange closes at a minimum of $0.10 per share for a period of five (5) consecutive trading days, the Corporation may accelerate the expiry date of the Warrants to the date which is 30 days following the date upon which notice of the accelerated expiry date is provided by the Corporation to the holders of the Warrants. The securities issued and issuable pursuant to the Offering will be subject to a four month and one day statutory hold period.
The Corporation intends to use the net proceeds from the Offering to conduct drilling on the company's Holloway gold property, prepare the company's Lolita property in Santa Cruz, Argentina for an upcoming drill program, and general working capital purposes.
Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and applicable securities regulatory authorities.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available."
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Management finally starting work on their holdings in the Red Lake area. This work will help to determine sites of drilling in the winter program
'Infinite Ore Corp. (the "Company") (TSXV:ILI)(OTCQB:ARXRF) is pleased to announce that it is conducting a Spaciotemporal Geochemical Hydrocarbon ("SGH") survey on a portion of its Eastern Vision project. SGH surveys have been used successfully in the Red Lake area to locate bedrock mineralization under glacial till cover. This method has most notably been used by Great Bear Resources Ltd. in identifying gold mineralization at the LP Fault, Dixie Limb, and Hinge zones on their Dixie property.
Infinite is conducting a 443-sample program on a section of its Eastern Vision project, located to the north of Portofino Resources Inc.'s recent gold showings. The samples will be sent to Actlabs for analysis. Actlabs describes the SCH survey as follows: "The SGH procedure provides a highly focused and sensitive method which measures compounds in the C5-C17 range in concentrations down to the low parts-per-trillion (ppt). It is an extractive procedure which releases organic compounds adsorbed onto near surface samples. Actlabs' research and development into the applicability of SGH for exploration has resulted in the availability of a cost-effective technique of prioritizing targets, which can be used in tandem with geophysics to improve your success rate."
J.C St. Amour, President and CEO Of Infinite Ore commented, "This survey has proven successful in a number of cases and a team has been deployed to the field to collect samples. We have a sizable land package, one of the largest in fact in the Red Lake district, and this is one tool that we are using to help us better hone in on the most prospective drill targets for our coming drill program. Follow on exploration programs using other tools are in the planning stage and we will have more to announce on that program shortly."
The Company further announces that NI 43-101 geology reports on the Confederation North and Confederation South properties have been completed and, as required by the TSX.V regulators, has been submitted for review.
About Infinite Ore Corp.
Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company is earning into a large land package with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ont. The company also holds the Jackpot lithium property located near Nipigon, Ont."
"
A month ago I wrote to Investor Relations of Kontrol Energy “Here in Winnipeg I spoke to a friend who is part of the National Research Lab [they discovered the Ebola vaccine]. We talked aboBioCloud Product.He was quite impressed but stated one concern. The cartridge which captures the Covid 19 presents a dangerous product that would have to be shatterproof and successfully destroyed without exposinanyone. Destruction would have to be via a very controlled procedure.
I presume management has remedied that problem but wondered if CSA is the body that would oversee such a requirement and that may be holding up approval.
Just a thought. Any Comment.”
His Response
“CSA covers electrical safety and operation, not the detection chamber
BioCloud is designed with a self cleaning bleach compound for internal cleansing of the device. The detection chamber can be disposed of as biohazard red bag.
Every organization will have their own internal process of cleaning the space as well.
As an interesting fact:
Just think of any hvac filter in a building that has Covid. How are they disposing of those filters? Who comes into contact with those filters?”
I think this illustrates how competent management is in dealing with innovative products.
Patience re CSA, hopefully , that should be cleared soon.
Many investors have looked at the hospitals, schools, aeroplanes, buses as principal users of KRC's BioCloud devices. While they certainly are candidates, I believe ALL Nursing Homes and Assisted Living complexes are Most important. Based on death statistics these two habitants are the most common sites of contact and death of seniors. There should be MANDATED regulation of all such sites.BioCloud will identify the COVID 19 presence
immediately
While we wait for news re CSA approval management brings
us an important update on the other important features of theBioCloud which includes Sares presence as well as Covid 19. It is a given that BioCloud will have the ability to treat subsequent viruses as they occur.
Meanwhile, management is expanding multiple certifications required.
("Kontrol" or "Company") is pleased to provide an update on its Kontrol BioCloud (or "BioCloud") technology. As initially referenced in the press release from September 10, 2020 Kontrol is providing an update on lower detection limits and commercialization.
Lower Detection Limit
"We are pleased to continue to advance towards production of BioCloud units in November," says Paul Ghezzi, CEO Kontrol. "The lower detection limit is an important benchmark to provide potential customers with the operating sensitivity of BioCloud."
As part of its commercialization of the BioCloud technology, Kontrol has currently established a lower detection limit of 50 SARs-COV-2 virus particles. This represents a sufficient sensitivity to the SARS COV-2 virus for commercialization.
The determination of lower detection limit was tested under independent laboratory conditions over multiple tests. The BioCloud virus collector was exposed to live SARs-COV-2 virus (virus that causes COVID-19) at multiple levels of virus ranging from 10,000, 5,000, 1,000, 100, 50 and 5 viruses. These tests were conducted multiple times to ensure repeatability of the response, and under laboratory conditions the detection of the live SARs-COV-2 virus was repeatably identified at 50 virus particles.
Commercialization
Based on feedback from potential customers and potential distribution channels Kontrol is seeking multiple certifications concurrently to meet regional requirements. These include CSA, CE and UL. CSA is a Canadian certification; CE mainly applies to European electronic products and UL is typically required in the USA.
Balance Sheet
Kontrol currently has approximately $3.0 Million of cash on hand as of October 28th, 2020 and has sufficient resources to complete the commercialization of BioCloud.
National Research Council of Canada
Kontrol has submitted all of its required research and files for potential National Research Council of Canada funding.
About Kontrol BioCloud
BioCloud is a real-time analyzer designed to detect airborne viruses. It has been designed to operate as a safe space technology by sampling the air quality over time. With a proprietary detection chamber that can be replaced as needed, viruses are detected, and an alert system is created in the Cloud or over local intranet. BioCloud has been designed for spaces where individuals gather including classrooms, retirement homes, hospitals, mass transportation and others. It can be an important technology which supports the entire system of individual testing and contact tracing.
The Company is not making any express or implied claims that its product has the ability to eliminate, cure or contain the COVID-19 (or SARS-2 Coronavirus).
About Kontrol Energy
Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) is a leader in the energy efficiency sector through IoT, Cloud and SaaS technology. With a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to our customers designed to reduce their overall cost of energy while providing a corresponding reduction in greenhouse gas (GHG) emissions.
A significant update from management which, unfortunately in a BAD Market day, will probably not get the positive reaction it deserves.
"
Medgold Resources Corp. has completed metallurgical testwork from the Barje prospect, within the Tlamino project in southern Serbia. Highlights of this work are as follows:
• Conventional flotation has produced a concentrate grading 48.9 grams per tonne gold and 824 g/t silver with recoveries to concentrate of 83.4 per cent for gold and 82.4 per cent for silver from a composite sample representing the main hydrothermal breccias; this material type hosts approximately 72 per cent of the total gold inventory reported in the current mineral resource estimate for the Barje prospect (see Medgold news release dated Jan. 30, 2020).
• A second composite sample representing the mineralized schist immediately above the hydrothermal breccias produced a flotation concentrate grading 24.4 g/t Au and 238 g/t Ag with recoveries to concentrate of 71.2 per cent for gold and 79.2 per cent for silver; this second material type hosts approximately 16 per cent of the total gold inventory reported in the current MRE.
These highly positive results will be incorporated into the preliminary economic assessment (PEA) for the Barje prospect currently in progress (Medgold news release dated Aug. 5, 2020). It is anticipated that the results of the PEA will be reported in the current quarter.
The company also announces that with effect of Oct. 12, 2020, it is in receipt of new exploration licences from the Serbian Ministry of Mining and Energy in respect to the Donje Tlamino and Surlica Dukat properties that together comprise the Tlamino project. These licences are each valid for terms of three years and are renewable for terms of three
The Tlamino project
A mineral resource estimate of approximately 570,000 ounces Au and 8.6 million ounces Ag (680,000 oz gold equivalent) in 7.1 million tonnes grading 2.5 g/t Au and 38 g/t Ag (3.0 g/t AuEq) in the inferred resource category was reported by Medgold for the Barje prospect (Medgold news release dated Jan. 30, 2020). Mineralization is at or near surface and with adjacent road and grid power access.
The Tlamino project covers an area of approximately 200 square kilometres in southern Serbia and is held by Medgold under two exploration licences. Outcropping mineralization was first observed at the Barje prospect by Yugoslav agencies in the 1950s and 1960s when a short adit was opened but no drilling was carried out. The prospect was then held by private and public companies between approximately 2005 and 2012 during which time limited drilling failed to intersect significant mineralization.
Medgold conducted mapping, surface sampling and geophysics (IP) at the Barje prospect followed by diamond drilling in 2018 and 2019, which successfully intersected gold mineralization in a shallowly inclined body of hydrothermal breccia below altered schist (Medgold news release dated March 21, 2019). The inferred mineral resource at Barje extends from surface to a depth of approximately 110 m as a shallowly inclined zone over an area of approximately 600 m by 350 m. The true thickness of mineralization generally ranges between 10 m and 40 m.
Here is the official PR re coming report
(“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 October 29, 2020 at 6:00am PDT / 9:00am EDT to review the Company’s annual audited financial statements for Fiscal Year 2020 (July 1, 2019 – June 30, 2020), and provide a corporate update.
Webinar Login Information:
Date: Thursday, October 29, 2020
Time: 6:00am PDT / 9:00am EDT
URL: https://bit.ly/31ow47c
For those who are not able to attend the webinar, a recording will be available on the Company’s website (www.reliqhealth.com) immediately following the session.
"
Management announces a significant additional landholding in the BC Project.
They are actively drilling in Nevada for the next month. Because of the high elevation there, further drilling will be curtailed there. But the BC project already has a crew beginning exploration and can continue through the winter months.
"("GLM" or the "Company") is pleased to announce the acquisition of two additional strategic claim blocks, from the same arms-length vendor, contiguous to and in the vicinity of the "MPD Property" owned by Kodiak Copper Corp. ("Kodiak") (TSX-V: KDK). The Deadman Lake property is contiguous to the Company's Copperview West property and represents a well-known porphyry target with historic sampling returning high silver assays (+25,000* grams silver per tonne (g/t Ag)) and 8.06% copper as well as elevated lead and zinc values. The South Dill Property is contiguous to the southern portion of Kodiak's MPD property and connects with the Company's Copperview South claims. Kodiak has made a significant new copper-gold porphyry discovery on the MPD property with the announcement of drill hole MPD-20-004 of 282 meters averaging 0.70 percent copper and 0.49 grams gold per tonne (see PR Kodiak September 3, 2020). The Company cautions that results on adjacent and/or nearby projects are not necessarily indicative of results on the Company's property.
Deadman Lake Cu-Ag Property
This property comprises 1 claim (375.7 ha) and covers four reported Minfile (BC government designation) showings between Deadman and Green Lake, centered 1.4 kilometers east of Hwy 5A, approximately 40 kilometers south of Merritt. The four mineral showings, known as Mob 2, Mob 6, Mob 8, and Mob 11, surround a distinct magnetic high definite by BC regional magnetic surveys and historic ground magnetic surveys. This magnetic high anomaly trends north-north-west and is situated approximately 7.5 kilometers west of Kodiak's discovery hole MPD-20-004.
Mike England, president of Golden Lake, states: "As part of our ongoing review of properties in this emerging copper-gold porphyry district, we are pleased to have acquired two properties of merit that augment and enhance our Copperview holdings. The outstanding historic silver values on the Deadman Lake property are an added bonus and with a stronger silver price could add significant value to our targets."
Cumulative terms of the acquisition for both properties, from one arms-length vendor, to earn a 100% interest in the Copperview project call for Golden Lake to pay $50,000 cash and issue a total of 400,000 shares over a 2-year time frame. A 1.6 % NSR will be granted to the vendor of which 1.0% can be purchased back by the Company for $1.0 million. "
The games continue!!
Final closure of PP
MPX International Corp. has completed the fourth and final tranche of its previously announced non-brokered private placement offering of units of the corporation at a price of $1,360 ($1,000 (U.S.)) per unit.
The corporation has issued a total of 5,000 units for aggregate gross proceeds of $6.8-million ($5-million (U.S.)) from the closing of all four tranches of the offering broken down as follows: first tranche -- 3,348 units for aggregate gross proceeds of $4,553,280 ($3,348,000 (U.S.)); second tranche -- 346 units for aggregate gross proceeds of $470,560 ($346,000 (U.S.)); third tranche -- 800 units for aggregate gross proceeds of $1,088,000 ($800,000 (U.S.)); and fourth tranche -- 506 units for aggregate gross proceeds of $688,160 ($506,000 (U.S.)).
The corporation intends to use the proceeds from the offering to finance product and facility development in Switzerland and retail expansion in Canada as well as for working capital and other general corporate purposes.
The units will be issued on the same terms as those previously announced at a price of $1,360 ($1,000 (U.S.)) per unit with each unit consists of one 12 per cent secured convertible debenture of the corporation in the principal amount of $1,360 ($1,000 (U.S.)) and 7,000 common share purchase warrants.
Each debenture shall bear interest at a rate of 12 per cent per annum from the date of issue, payable quarterly in arrears on the last day of March, June, September and December in each year, commencing Dec. 31, 2020.
The amount of interest that becomes payable on Dec. 31, 2020, will represent accrued interest for the period from the initial closing date to Dec. 31, 2020 . All accrued but unpaid interest as of each coupon date shall be payable by the corporation in cash and shall accrue interest at a rate of 12 per cent per annum. The principal amount, shall be convertible, for no additional consideration, into common shares of the corporation at the option of the holder at any time prior to the earlier of: (i) 6 p.m. (Eastern Standard Time) on the maturity date; or (ii) the business day immediately preceding the date specified by MPXI for redemption of the debentures at a conversion price equal to 12 cents per common share.
Each warrant entitles the holder thereof to purchase one common share at an exercise price of 20 cents for a period of 24 months from the closing date. The corporation and AST entered into a warrant indenture dated June 30, 2020, pursuant to which the warrants are created and issued.
Insider participation
The fourth tranche of the offering can be considered a related party transaction for certain regulatory purposes. The participation by the insiders in the second tranche of the offering is summarized in the table.
Name Relationship Interest in the offering Common shares directly Percentage of
to the corporation Amount C$ No. of units or indirectly, beneficially common shares
owned or control of MPXI
Alastair Director $184,960(1) 136 8,134,472 5.74%
Crawford
---------- --- --------- ----
Totals $184,960 136 8,134,472 5.74%
Note: (1) Mr. Crawford's participation in the fourth tranche of the offering will be broken down as
follows: (a) 86 units will be issued to Mr. Crawford; and (b) 50 units will be issued to Puddles 7
Ltd., a company in which Mr. Crawford holds a majority interest.
Mr. Crawford also participated in the second tranche of the offering acquiring 112 units for a
subscription amount of $153,320. In sum, Mr. Crawford has been issued a total of 248 units for an
aggregate subscription amount of $338,280.
It is important to note that the offering is exempt from valuation and minority approval requirements which might otherwise result from the participation by insiders due to: (1) the corporation, as a Canadian Securities Exchange issuer, not being listed on a designated market; and (2) the fair market value of the offering, in so far as the offering involves such interested parties, is less than $2.5-million.
To the knowledge of the corporation, after reasonable inquiry, none of the related parties have knowledge of any material information concerning the corporation or its securities that has not been generally disclosed.
A special committee of independent directors reviewed the offering and determined that as a Canadian Securities Exchange issuer MPXI is not listed on a specified market and the fair market value of the offering, in so far as it involves related parties, is not more than $2.5-million. The special committee unanimously recommended that the board of directors of the corporation approve the offering. Accordingly, the offering is exempt from minority shareholder approval and formal valuation requirements of MI 61-101.
The offering is closing in less than 21 days due to the limited number of subscribers to the offering, all subscription agreements being properly completed and received, and all subscription proceeds having been forwarded, which shorter period is reasonable in the circumstances. MI 61-101 requires if a material change report is filed less than 21 days before the expected date of the closing of the transaction, an explanation is to be provided why the shorter period is reasonable or necessary in the circumstances.
Finally, we hear from management re a completed corporate
addition to the compsny"s list of projects.
Certainly a new direction. But remember under the old management gold findings gave way to Grocery pacaging, Italian Gelata etc, etc.
Perhaps at some time we will hear what happened to the Mexican Mills and holdings and where the company will find funding for the new projects.
We better hope they are succesful !!
"Firma Holdings Corp. (OTC:FRMA) finalizes acquisition of 100% of Monochrome Corp., a consumer products growth company. Monochrome is a unique and responsive company in today's marketplace. Monochrome's business model currently incorporates two high-growth markets to create an exciting multi-channel business opportunity that feeds and expands Firma's distribution network. This includes traditional brick-and-mortar channels as well as by Monochrome's utilization of e-commerce technologies and emerging pipelines to capitalize on the new developments in today's consumer products market.
Monochrome's Board of Directors understands that the existing consumer products market is driven by health concerns and aided by expanding product awareness. By combining the two under a single business model, Monochrome can expect to meet market demand by introducing a multitude of new products along with its current Personal Protective Equipment (PPE) business. Monochrome's Board of Directors believes that by utilizing the company's traditional and contemporary delivery methods (through its partners, such as beverage and food distributors), will best serve its development. Additionally, Monochrome's use of non-traditional distribution and delivery channels (such as brokers who will drive business in health care, universities, and health awareness markets) will be equally effective. "We can now finally integrate Monochromes' operations, within Firma Holdings Corp., leveraging existing relationships with newly formed ones over the past 90 days." stated Firma's current CEO, Sebastien DuFort.
Firma's Current Plan of Operations.
FRMA is viewed as an emerging growth company and is a potential benefactor of the JOBS Act of 2012 and, as a diversified holding company. In addition to the recent acquisition of Monochrome, Firma will continue to focus on emerging and middle market domestic and international investment opportunities. Firma is evaluating the acquisition of other interests, joint ventures, and licensing agreements with qualified companies within the consumer and industrial products industries including qualified CBD products."
Early warning report issued today. Shows Fortuna declined to exercise warrants of MED. No specific reason was given but doesn't look positive.
"On October 16, 2020, a total of 1,079,700 Warrants held by Fortuna with an exercise price of Cdn$0.40 per Warrant, expired unexercised.
Warrants owned by Fortuna entitling Fortuna to purchase up to 1,079,700 common shares of the Issuer (“Common Shares”) at an exercise price of Cdn$0.40 per Common Share expired on October 16, 2020 (the “Warrant Expiry”). The Warrant Expiry represents a decrease in Fortuna’s holdings of Warrants of the Issuer from 2.36% to 0% of the issued and outstanding Warrants of the Issuer, and a decrease by approximately 8.33% in Fortuna’s holdings of the issued and outstanding shares of the Issuer on a diluted basis, since the date of the last early warning report"
This month should see the Quarterly financials announced.
If the numbers are positive so will the share price finally move higher. Reality will be tested. Hopefully for the better.
Its lonely on this board but will keep current.
"Another PP to fund European build-out. Should be fully functioning soon
" “Company”) is pleased to announce that the Company has closed on a fifth tranche of funding (the “Fifth Tranche”) in the amount of C$1,000,000 pursuant to the Equity Line and Profit Share Agreement (the “Agreement”) with Terrace Global Inc. (TSXV: TRCE) (“Terrace Global”). On September 23, 2020, the parties to the Agreement amended its terms such that Terrace Global’s percentage of net proceeds under the Agreement will be increased by 2.5% for every additional $200,000 funded in excess of $3,000,000 to a maximum of 50% of net proceeds. The Fifth Tranche will be used to fund the Company’s outdoor medical cannabis site in Aljustrel, Portugal which is jointly operated with Terrace Global (the “Partnership”).
As part of the Partnership and under the terms of the Agreement, Terrace Global has agreed to fund the operations and certain capital expenditures at the Company’s outdoor facility located in Aljustrel, Portugal in exchange for common shares and warrants in Flowr. As part of the Fifth Tranche announced today, Flowr has issued to Terrace Global 1,923,077 common shares of the Company at a price of $0.52 and an equal amount of common share warrants (the “Warrants”). Each Warrant is exercisable into one full common share of the Company at an exercise price of $0.76 per common share for a period of 36 months from October 9, 2020. The Fifth Tranche remains subject to the final approval of the TSX Venture Exchange. All securities issued under the Fifth Tranche are subject to the customary four-month hold period and may not be traded before February 10, 2020.
About The Flowr Corporation
The Flowr Corporation is a Toronto-headquartered cannabis company with operations in Canada, Europe, and Australia. Its Canadian operating campus, located in Kelowna, BC, includes a purpose-built, GMP-designed indoor cultivation facility; an outdoor and greenhouse cultivation site; and a state-of-the-art R&D facility. From this campus, Flowr produces recreational and medicinal products. Internationally, Flowr intends to service the global medical cannabis market through its subsidiary Holigen, which has a license for cannabis cultivation in Portugal and operates GMP licensed facilities in both Portugal and Australia.
Flowr aims to support improving outcomes through responsible cannabis use and, as an established expert in cannabis cultivation, strives to be the brand of choice for consumers and patients seeking the highest-quality craftsmanship and product consistency across a portfolio of differentiated cannabis products.
Well there are a lot of investors attracted to ILI. increase in the PP should close soon. Let the games begin!
" Infinite Ore Corp. (the "Company") (TSXV:ILI is pleased to announce that it is increasing the size of its previously announced private placement (see PR dated September 30, 2020). Due to increased demand, the private placement financing will be increased from 20,000,000 units ("Units") to 23,000,000 Units at a price of $0.05 per Unit for gross proceeds of $1,150,000. In addition, the company will complete a private placement of up to 5,835,000 flow-through units ("FT Units") at a price of $0.06 per FT Unit for gross proceeds of $350,100 (collectively, the "Offering"). This private placement is subject to TSX Venture approval.
Each Unit will be comprised of one common share ("Share") and one transferable Share purchase warrant of the Company ("Warrant"). Each FT Unit will consist of one flow-through common share and one-half of one Warrant (FT Warrant). Each full Warrant and full FT Warrant will entitle the Subscriber to purchase one Share for a period of 24-month period after the Closing Date at an exercise price of $0.10 per share.
Proceeds raised from the Offering will be used towards ongoing geological work on the Company's Eastern Vision project in the Red Lake area as well as for general working capital. The Offering is expected to close on or about October 15th, 2020 and is subject to receipt of acceptance by the TSX Venture Exchange (the "TSX-V"). Finder's fees may be payable in connection with the Offerings, in accordance with the policies of the TSX-V.
Today's news release is interesting. Means if a shareholder put the shares in a safe place and every 5 years take a look and see what is going on. Not the first one for me.
Core One is pleased to announce it has entered into a Letter of Intent (the "LOI") dated effective October 1, 2020 to acquire all of the outstanding share capital of Vocan Biotechnologies Inc. ("Vocan").
Vocan is a genetic engineering and biosynthesis research firm developing a proprietary fermentation system for the production of psilocybin API. Vocan's mission is to use science and technology to advance the knowledge of natural-based medicines for the treatment of mental health illnesses, including addictions. Vocan's team of scientists, specializing in protein expression and biosynthetic fermentation, have discovered a patentable method of producing psilocybin, the active ingredient in psychotropic mushrooms, and its technology will produce cGMP API grade psilocybin, which can be used by pharmaceutical companies, API manufacturers and medical research organizations conducting clinical trials. Vocan's management expects that the unique optimized DNA construct and producer strain will allow for time efficient and cost-effective cGMP API grade psilocybin at commercial scale. Psilocybin production methods developed by Vocan could provide more affordable access to organizations looking to acquire GMP API grade psilocybin.
CEO and Founder of Vocan Biotechnologies
Dr. Robert E.W. Hancock, CEO and Chairman of Vocan, is a leading researcher at the University of British Columbia, a Killam Professor of Microbiology and Immunology, and a Canada Research Chair in Health and Genomics. He is a co-founder of several companies, both private and public, including Migenix, Inimex, ABT Innovations and Sepset Biotherapeutics. He has won major health research awards and is an Officer of the Order of Canada. Dr Hancock will continue as CEO of Vocan following completion of the acquisition.
Dr. Jan Burian, Founder and CTO of Vocan, is a successful biochemist and molecular biologist with extensive knowledge and an exclusive skill set in fermentative API-grade research, development and production. He has been cited in numerous academic publications. Dr. Burian previously held a site directorship with Pfizer Canada where he was responsible for a vaccine manufacturing facility that relied on his advanced fermentation techniques.
Dr. Hancock and Dr. Burian first began collaborating over twenty years ago and together bring a unique combination of broad scientific know-how and skill as they get set to take Vocan's exclusive psilocybin production capabilities to commercial scale.
"We are honored and privileged to work with scientists of Dr. Hancock's and Dr Burian's caliber", Joel Shacker, Chief Executive Officer of the Company stated. "Combined with the Company's existing infrastructure, and the integration of its intellectual property related to psychedelic treatments and novel drug therapies, an acquisition of Vocan, and its talented research team, only furthers the Company development in the alternative psychedelics medicine market."
Terms of the LOI
Under the terms of the LOI, in consideration for all of the outstanding share capital of Vocan, the Company is expected to issue 23,500,000 common shares (the "Consideration Shares"), and 4,000,000 common share purchase warrants (the "Consideration Warrants"), to the existing shareholders of Vocan. Each Consideration Warrant will be exercisable to acquire an additional common share of the Company at a price of $0.30 for a period of twenty-four months.
In addition to the Consideration Shares, and the Consideration Warrants, the existing shareholders of Vocan will also be eligible to receive bonus payments of up to 5,000,000 common shares (the "Bonus Shares"). The Bonus Shares will be issuable in two tranches, of which 2,500,000 will be issuable upon the successful synthesis of psilocybin, and a further 2,500,000 will be issuable upon the filing of a patent application for such synthesis method in at least one jurisdiction.
It is anticipated that a portion of the Consideration Shares will be subject to the terms of a pooling arrangement, during which time they not be transferred or traded without the prior consent of the Company. The Consideration Shares will be released from the arrangement in tranches over a period of nine months following completion of the acquisition.
Completion of the acquisition of Vocan remains subject to a number of conditions, including the satisfactory completion of due diligence, receipt of any required regulatory approvals and the negotiation of definitive documentation. The acquisition cannot be completed until these conditions have been satisfied.
The Company is at arms-length from Vocan, and each of its shareholders. The acquisition of Vocan is not expected to constitute a fundamental change for the Company, nor is it expected to result in a change of control of the Company, within the meaning of applicable securities laws and the policies of the Canadian Securities Exchange. No finders fees or commissions are payable in connection with the acquisition of Vocan. An administrative fee of 470,000 common shares is owing to a third-party consultant who will be assisting with completion of the acquisition.
About Core One Labs Inc.
Core One Labs Inc. is a research and technology company with a state-of-the-art cannabis 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. The technology provides a new way to accurately meter the dosage and assure the purity of selected product. The Company holds an interest in walk-in medical clinics located in Vancouver and West Vancouver, British Columbia which maintain a database of over 200,000 patients combined. The Company intends to further develop its product offerings through research and development in these clinics, including the integration of intellectual property related to psychedelic treatments and novel drug therapies."
While today's news from IP may not be earth-shattering, I believe management is right in showing the variety and usefulness of the company's projects. Whether a promotion of a charitable project may have limited local appeal, this illustrates one of the thousands of uses of the technology. The more exposure, the larger the audience the more the uses and exposure to the audience we need to be successful.
" IMAGINEAR SUPPORTS CHEF CLAUDY PIERRE'S FOR E.A.T. INITIATIVE & 2020 WORLD FOOD DAY CELEBRATION
Imagine AR Inc. is providing its augmented reality self-service platform to support Chef Claudy Pierre's E.A.T. Initiative program in partnership with Pittsburgh Gateways' Energy Innovation Center (EIC) in Pittsburgh, Penn. During this pandemic, Pierre has started providing food to the community from the EIC Kitchen and has donated over 30,000 meals and Blessing Boxes, thanks to the support of the EIC and corporate partners such as Chime Bank and Super Bakery.
"Since the beginning of the pandemic we have been able to serve local residents over 30,000 meals," said Pierre. "AR provides us an innovative way to tell our EIC story and recognize corporate partners like Chime Bank. ImagineAR technology is really cool, and the community reaction has been overwhelming."
The ImagineAR program includes using the ImagineAR app to deliver a motivational video message about the program and an interactive 3D AR mascot of Pierre. Recently, recipients of the Blessing Boxes were asked to download the ImagineAR app and scan the Blessing Boxes logo to instantly experience the motivational video on their mobile phone. In addition, the 3D mascot of Pierre will be used for social media programs to extend community awareness.
Neal Bendesky, Vice President of Sales for ImagineAR, said, "We are proud to support the EIC and Chef Claudy for their community outreach program. Chef Claudy's commitment as a stakeholder in Pittsburgh is the type of leadership that represents necessary strides in our country. We're excited to utilize his 3D AR image to create social media activations and build the EIC's AR community."
The EIC and ImagineAR partnership was recently developed by former 15-year NFL quarterback Gus Frerotte, who houses his media production unit at the EIC. Frerotte, Bendesky and ImagineAR CEO Alen Paul Silverrstieen, along with Robert Meeder, President and CEO of Pittsburgh Gateways Corporation and the EIC, are supporting Pierre's community outreach as a start to introducing trending technology like AR to support local and regional businesses.
"Chef Claudy is a hometown hero, and we hope other corporations rally around his efforts during these uncharted times," added Frerotte.
On October 16, 2020, the E.A.T. Initiative will host the 2020 World Food Day Celebration as the City of Pittsburgh's official acknowledgement of the 75th Anniversary of World Food Day, hosted by the United Nation's Food & Agriculture Organization.
About ImagineAR
Imagine AR 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 ImagineAR. Customers simply point their mobile device at logos, signs, buildings, products, landmarks and more to instantly engage with 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. The platform is available as a native mode SDK."
Finally a breakthrough contract in Australia.May not be significant numbers , but a start.
"Reliq Health Technologies Inc. has launched iUGO Well in Australia and has signed a contract with the University of Notre Dame Australia to deploy iUGO Well to its students and staff.
"We are thrilled to be launching iUGO Well in Australia to support the physical and mental health needs of the University of Notre Dame Australia's students and staff," said Dr. Lisa Crossley, CEO of Reliq Health Technologies, Inc. "iUGO Well aligns with the Australian State and Federal governments' focus on mental health in the workplace. This is a particularly challenging time for students and faculty, who are dealing with the stress of online learning and the social isolation caused by COVID-19. We are honoured to be working with the University of Notre Dame Australia to support their students and staff through the global pandemic and beyond. Our expected go-live date for the Notre Dame community is mid-October, 2020."
"The health and well-being of our students and staff is a top priority for the University of Notre Dame," said Professor Annette Watkins, University of Notre Dame Australia. "We're very excited to be able to provide a platform like iUGO Well to support the University of Notre Dame community in these challenging times." Professor Watkins is the University's lead on the iUGO Well implementation and is an accomplished researcher with a particular focus on wellness and wellbeing in the workplace.
The University of Notre Dame is a private university with campuses in Fremantle and Broome in Western Australia and Sydney in New South Wales, Australia. The University employs more than 700 staff and has over 12,000 students enrolled across its three campuses. Learn more at https://www.notredame.edu.au/.
iUGO Well is a digital health solution that delivers preventative health & wellbeing programs via mobile and web applications. iUGO Well helps users enhance their physical wellbeing and mental health through music and guided activities, improving resilience and decreasing stress. Learn more at https://iugohealth.com/iugo-well/.
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."
Finally some news re Canadian distribution.
"(CNSX:MPXI.CN);(OTC:MPXOF), a multinational diversified cannabis company,is pleased to announce an agreement dated August 7, 2020 between Canveda Inc. ("Canveda"), a licence holder under the Cannabis Act (Canada), and Alberta Gaming, Liquor & Cannabis ( "AGLC") for the supply of cannabis under Canveda's recreational brand, Strain Rec(TM). Initially, Canveda will supply several strains of unique, high quality flower which will be sold by retail outlets in the Province of Alberta, as well as through AlbertaCannabis.org. Additional product SKUs will follow as Canveda's product offering diversifies. The agreement will continue until December 1, 2021, unless terminated earlier and may be extended upon mutual agreement of the parties for a maximum of 2 additional terms of up to 18 months each.
"We are very pleased to expand our Strain Rec(TM) brand offering into the Province of Alberta which has been very progressive in the cannabis retail space. We see this as a great opportunity for our products to become a main stay in the Canadian retail market," said Michael Arnkvarn, Chief Operating Officer, Canada of MPXI. "Following the successful introduction of the Strain Rec(TM) brand in Saskatchewan in June, this supply agreement is an important step in our overall retail strategy which we continue to develop. The first shipment of products to Alberta was sent last week and marketing efforts to retail outlets have commenced, with product expected to be available for purchase in every outlet.
"We feel that the private ownership concept of retail stores in Alberta will allow us more direct marketing opportunities and a quick acceptance of Strain Rec(TM) branded products by Alberta's retailers," noted W. Scott Boyes, Chairman, President and CEO of MPX International. "With agreements now in place for Alberta and Saskatchewan, we are in discussions to expand into other provinces to increase our reach to recreational customers in Canada. We are by no means shifting away from a medical focus of the cannabis business and we will continue to develop this sector to the fullest, both in Canada and internationally, but our past experience with MPX Bioceutical in the US has taught us that we need to be present in both the medical and adult use markets in order to optimize MPXI's Canadian growth strategy."
Completion of this PP could allow the company to reach the stage of production of revenue materials to fund an ongoing profitable company.
At least management is trying to minimize share dilution as well.
"Progressive Planet Solutions Inc. has closed its two financings for aggregate gross proceeds of $304,750.
There were 3,150,000 non-flow through units issued under the private placement at $0.065 per unit, for gross proceeds of $204,750. Each unit consisted of one share and one half warrant exercisable at $0.10 per share for a period of twelve months from issuance.
There were 1,250,000 flow-through units issued under the private placement at $0.08 per unit for gross proceeds of $100,000. Each flow through unit consisted of one "flow through" common share and one half warrant exercisable at $0.10 per share for a period of twelve months.
Use of proceeds for the flow-through units will be for continued exploration on the Company's 100% owned Heffley Creek Metals and Pozzolan Property in BC. PLAN recently announced it had discovered nickel in bedrock at the Heffley Creek Property and announced its intention to accelerate its exploration program for Heffley Creek for the remainder of 2020 (see the Company's news release dated August 17, 2020).
A cash finder's fee of $7,800 was paid and 120,000 finder's fees warrants were issued. Finder's fee warrants have an exercise period of 12 months, and an exercise price equal to $0.10 per share. All securities issued under these financings are subject to a statutory four month hold period.
Progressive Planet originally announced that it would offer up to 6.5 million units in total, but received funds from the exercise of outstanding warrants at 5 cents issued from a prior financing since announcing the financing. As such, and to minimize shareholder dilution, management decided to limit the units sold under the private placement.
ABOUT PROGRESSIVE PLANET
Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.
Progressive Planet operates its flagship Z1 Zeolite Quarry in British Columbia and is earning an 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets."
A major PP announced to provide funds to continue the exploration of the company's gold, mineral holdings in Red Lake area. Good to see investors' participation.
Infinite Ore Corp. ("ILI" or the "Company") (TSXV:ILI)(OTCQB:ARXRF) announces that it has arranged a non-brokered private placement of up to 20 million units ("Units") at a price of $0.05 per Unit for aggregate gross proceeds of $1,000,000.00 (the "Offering"). Each Unit will be comprised of one common share ("Share") and one transferable Share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the Subscriber to purchase one Warrant Share for a 24-month period after the Closing Date at an exercise price of $0.10 per share. Proceeds raised from the Offering will be used for used towards exploration activities on the Company's properties (collectively named "Eastern Vision") located in the Red Lake area of Northwestern Ontario and for general working capital and unallocated funds as per Tier 2 status requirements.
Today's Press release shows managment can CHEW Gum as well
as make major developements in their areas of expertize. Encouraging for shareholders.
"("Kontrol" or "Company") is pleased to announce it has won a new order for its smart building technology across four buildings and has been recognized as one of Canada's top growing companies by the Globe and Mail Top Growing Companies 2020.
New Smart Building Technology Win
Following a number of pilots for its SmartSuite® technology the Company has received an order for four apartment buildings located in Ontario, Canada. The contract win was awarded after a comprehensive Request for Proposal (RFP) process that involved other competitors. For industry competitive purposes revenue details and size of the order will not be disclosed.
"We've selected Kontrol and their SmartSuite® technology to help us control, manage and reduce in-suite heating costs in four of our multi-unit residential (apartment) properties in Ontario," says Cam Murchison, Vice President, Property Standards at Q Residential (a leading private real estate asset manager and operator). "Their smart building technology attracted better than expected incentives from the local utility and allows us to understand what is happening within the suites when it comes to temperatures and open windows and doors across the four buildings. With their system providing cloud access to in-suite temperatures and settings, using our mobile devices and laptops, we no longer need to enter our tenant's spaces to troubleshoot and make changes, allowing us to avoid unnecessary and expensive truck rolls. This is a big advantage and benefit under the environment we now operate in."
Globe and Mail Ranks Kontrol 81st in Top 400 Growing Companies
"We arImage: thankful to all of our customers, employees and partners for their support as we continue to develop our technology solutions to build a better future for all," says Paul Ghezzi, CEO of Kontrol Energy.
On September 25th, The Globe and Mail announced its second annual ranking of Canada's Top Growing Companies. The 400 companies cover all industry sectors and were ranked on their three-year revenue growth. Launched in 2019, Canada's Top Growing Companies editorial ranking aims to celebrate entrepreneurial achievement in Canada by identifying and amplifying the success of growth-minded, private and public businesses in Canada. The Globe and Mail refers to the list as "The next generation: the 400 boldest businesses in the country." Kontrol was ranked number 81.
Name Change initiated to Kontrol Technologies Inc.
Following the company's Annual General Meeting on August 28, 2020 the Company has initiated a name change to Kontrol Technologies Inc. from Kontrol Energy Corp. The name change will better reflect the Company's brand and its focus on developing and deploying a comprehensive portfolio of technologies and solutions for smart buildings, smart cities, and safe spaces. The name change will require customary approvals and will take approximately one month to complete.
Update to Prior Press Release
The press release dated August 5th, 2020 is updated to state that CEM Specialties Inc. (CEMSI), a wholly owned operating subsidiary of Kontrol, is in receipt of advisory services and up to $50,000 in research and development funding from National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to accelerate its new Covid-19 testing technology, the Kontrol BioCloud® analyzer ("BioCloud analyzer" or "BioCloud").
About Kontrol BioCloud
BioCloud is a real-time analyzer designed to detect airborne viruses. It has been designed to operate as a safe space technology by sampling air quality continuously. With a proprietary detection chamber that can be replaced as needed, viruses are detected, and an alert system is created in the Cloud or over local intranet. BioCloud's applications includes classrooms, retirement homes, hospitals, mass transportation and others. BioCloud is currently being developed for commercialization.
Assays announced They found GOLD
in them there hills!! The rotary drilling lost part of the best-assayed hole but they will now be drilling regular samples that should be able to follow the ore. The important point is that their expectation that the deposit is deeper than the previous drilling is PROVEN by assay! Let's hope subsequent drilling will continue to expand the size of the find.
We haven't a mine yet, but hope is still alive.
"("GLM" or the "Company") is pleased to report assay results from the first six of ten drill holes from the Company's keystone Jewel Ridge gold property located near the town of Eureka, Nevada, with a highlighted intercept in hole JR-20-06 at the Eureka Tunnel Zone, averaging 2.80 grams gold per tonne ("g/t Au") and 5.9 grams silver per tonne ("g/t Ag") over an interval of 22.86 meters from surface. The lower portion of this intersection returned 4.38 g/t Au and 9.7 g/t Ag over 10.67 meters from a depth of 12.19 meters."
Here we go. Todays media event will build on this announcement of new revenue source
"("ImagineAR" or "Company") a Mobile Augmented Reality Company that enables sports teams, businesses, retailers and organizations to instantly create their own AR mobile campaigns, is proud to announce the signing of a 5 year agreement with the NFL Alumni Association Academy to provide its Augmented Reality Platform for the launch of their new NFLA mobile interactive products. This agreement provides for equal program revenue sharing over the 5-year term.
ImagineAR has partnered with the NFL Alumni Academy to launch a custom platform for NFL teams to assess and select Academy players. The NFL Alumni Academy is an unprecedented in-season training program developing "NFL Ready" players training and preparing on the campus of the Pro Football Hall-of-Fame Village in Canton, Ohio. The Academy will train the top free agent football players in preparation to sign an in-season contract with NFL teams looking to replace 500+ active roster players lost during each season due to injury. WaV Sports & Entertainment manages, operates and markets the NFL Alumni Academy for the NFL Alumni Association and will implement the ImagineAR platform for the Academy. WaV expects to utilize the platform for training and motivation of its players and entertainment of fans of the NFL Alumni Academy. ImagineAR's technology will be featured in a docuseries about the Academy that begins production on September 28th.
Dean Dalton, NFL Alumni Association International Director of Special Events, and former NFL Minnesota Vikings Coach added "ImagineAR is providing the industry leading mobile augmented reality mobile platform to the NFL Alumni Academy to engage and activate players, coaches and sponsors to connect with football fans around the globe. ImagineAR is an elite technology that we look to utilize in a variety of ways to connect football fans from around the globe to their favorite professional athletes, coaches and celebrities. We are excited about this long term relationship with ImagineAR and the endless possibilities working together."
ImagineAR CEO Paul Silverrstieen added: "We are honored to be selected as the Augmented Reality Platform Solution for the NFL Alumni Academy for five years. It is personally rewarding to develop AR programs to help players who have dedicated their entire lives to the sport and made every Sunday memorable for football fans."
About NFL Alumni
NFL Alumni was founded in 1967 and is the oldest and most recognizable national organization of retired professional athletes. NFL Alumni consists of former NFL players, coaches, executives, spouses, cheerleaders, and associate members. Part of NFL Alumni's dual mission is "Caring for Kids". Player alumni give back in their local communities by raising funds for youth-related charities through their 38 regional chapters. It is a tradition that has existed for more than 50 years. Alumni support typically raises more than $1.5 million dollars for worthwhile causes. The other half of NFLA's mission, "Caring for our Own" is to serve, assist and inform its members and their families. Alumni members are offered a diverse package of wellness, business, career, and legal services to help members and their families be healthy, productive, and connected to one another.
ABOUT WaV Sports & Entertainment
WaV Sports & Entertainment is a global sports marketing firm that specializes in sports property representation, brand side representation, and the management and production of unique sporting and entertainment events. WaV has deep roots across all professional sports as well all major motorsports series. WaV Sports & Entertainment has partnered with ImagineAR to expand their reach into the world of sports. Additional information on the Company can be found at www.WaVsports.com
About ImagineAR
ImagineAR Inc. (CSE: IP) (OTC: IPNFF) is an augmented reality (AR) platform, ImagineAR.com, 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.
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Full disclosure from management. Where they are and where they are going!
""Our team at Kontrol has been very busy since the completion of pre-commercialization testing through the independent labs," says Paul Ghezzi, CEO of Kontrol. "We have now moved to the commercialization phase for the Kontrol BioCloudtrademark analyzer ("BioCloud analyzer" or "BioCloud") which includes further lab testing to establish the lower detection limits. In addition, we are pleased to share that BioCloud is receiving interest from potential customers and distribution partners and we are selecting key suppliers for commercialization. We are in discussions with provincial and federal government entities regarding contributions to commercialization funding and potential future procurement. Our internal goal is to have BioCloud units commercially available in November 2020."
Commercialization of BioCloud
As part of BioCloud's commercialization plans, Kontrol will provide lower detection limits and operating specifications for the analyzer. Initial expectations, based on lab testing completed to date, is that BioCloud will be effective in small to medium space settings with 3 or more people, and therefore would be suitable for applications in many environments such as classrooms, offices, airplanes, trains, buses, long-term care facilities and hospitals.
Like all electrical products, BioCloud is required to operate with a CSA approval in Canada. The Company is in the process of seeking CSA approvals as part of commercialization. CSA is a leader in Standards Development and in Testing, Inspection and Certification around the world including Canada, the U.S., Europe and Asia. The CSA registered mark shows that a product has been independently tested and certified to meet recognized standards for safety or performance. The Company has a long history of success in achieving CSA approvals in our established continuous emissions business.
Operating Subsidiaries, Trademarks and Patents
Kontrol BioCloud Inc., which was recently incorporated, is a wholly owned subsidiary of Kontrol, and will be the primary sales and marketing entity for BioCloud. CEM Specialties Inc. ("CEMSI"), also a wholly owned operating subsidiary of Kontrol, will be the primary research, development, and integration entity for BioCloud.
Kontrol has commenced the trademark of the term Safe Space Technology and has initiated the patent registration for its intellectual property related to BioCloud.
Securing Supply Chain
Kontrol has selected a number of suppliers that will form part of BioCloud supply chain, and we will be announcing those names in the coming weeks, following the issuance of applicable purchase orders.
"While we are not making any claims about revenue at this time, we are building our global supply chain with the goal of being able to supply the market with up to 20,000 units per month," says Gary Saunders VP of Kontrol. "We plan to have this substantially completed over the coming weeks."
Strengthened Balance Sheet and Discussions for Additional Government Funding
As of September 22, 2020, the Company has received approximately $1 Million in cash from the exercise of common share options and warrants which has strengthened Kontrol's balance sheet to advance BioCloud's commercialization.
About Kontrol BioCloud
BioCloud is a real-time analyzer designed to detect airborne viruses. It has been designed to operate as a safe space technology by sampling the air quality continuously. With a proprietary detection chamber that can be replaced as needed, viruses are detected, and an alert system is created in the Cloud or over local intranet. BioCloud has been designed for spaces where individuals gather including classrooms, retirement homes, hospitals, mass transportation and others. It can be an important technology which supports the entire system of individual testing and contact tracing.
The Company is not making any express or implied claims that its product has the ability to eliminate, cure or contain the COVID-19 (or SARS-2 Coronavirus)."
Management continues to increase the size of their holdings in Nevada.
Let's hope drilling this fall proves the value of their holdings.
""Discovery Harbour") is pleased to announce that it has staked additional mineral claims at its Caldera gold project, which lies in a fertile gold region at the intersection of the Walker Lane and Northumberland Gold Belts northwest of Tonopah, Nevada.
Based on the results of the soil sampling program (see news release January 21, 2020) Discovery Harbour has further expanded its Caldera gold project by four mineral claims. The claims were added to cover prospective areas defined by anomalous gold and pathfinder element (arsenic, antimony and mercury) anomalies outlined in the soil sampling program. The new claims are contiguous to the south of the Faustus mineralized area where historic drilling intercepts returned 4.45 g/t gold over 7.6m and 7.36 g/t gold over 6.1m. Three gold targets have been previously identified, including two sites (D and E) being permitted for the upcoming drill program. These new claims cover the southeastern inferred trend of the northwesterly-southeast structural direction that the Company believes is a key feature controlling the gold mineralization. The Caldera property covers over 30 square kilometres, now comprised of 264 mineral claims.
Mark Fields, the Company's President and CEO, states, "Since acquiring the Caldera gold project in 2016 Discovery Harbour has expanded the property three times. Each phase of work we undertake at Caldera increases our understanding of the structural and alteration patterns related to the significant gold mineralization encountered and boosts our confidence in the bonanza grade potential of this project."
The Company is in the drill permitting process and anticipates that it will begin its drill program this fall on the first 10 of 33 targets at Caldera"
Management seems to feel their Coglin Creek project is a very promising position as they increase their holdings in the area.
"("GLM" or the "Company") is pleased to announce the acquisition of an additional strategic property known as the "Conglin Creek Copper Property" located contiguous and north-west of the "MPD Property" owned by Kodiak Copper Corp. ("Kodiak") (TSX-V:KDK). Kodiak previously reported an intercept in drill hole MPD-20-004 of 282 meters averaging 0.70 percent copper and 0.49 grams gold per tonne (see PR Kodiak, September 3, 2020).
The Conglin Creek property covers a strong magnetic high anomaly (see map below) that trends in a north-west, south-east direction from the Gate and Prime zones on Kodiak's MPF property. A soil geochemistry survey completed in 1973 indicates strong copper-in-soil anomalies trending north-west to north-south. Copper values of + 400 parts per million ("ppm") occur of strike lengths of 125 to 150 meters, enclosed by copper anomalies with values of 200 - 400 ppm Cu over strike lengths of 400 to 500 meters. Note that the Company has not verified the values in government assessment filings, and they are not to be relied upon, and additional sampling, assaying and verification is required. The Company's recent acquisition also covers the "Conglin Creek Showing" (Minfile 092HNE132, BC government designation). There has not been drilling on the Conglin Creek property, to the best of the Company's knowledge
Golden Lake further announces it has also staked an additional 6,009 hectares of land in the region which now brings its Copperview Project to 27,238 hectares
Cumulative terms of the acquisition to earn a 100% interest in the Conglin project call for Golden Lake to pay $100,000 cash and issue a total of two million shares over a 2 year time frame. A 2.5% NSR will be granted to the vendor of which 1.5% can be purchased back by the Company for $1.5 million.
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