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May 19, 2015 PRESS RELEASE
SUMMIT COMMENCES EXPLORATION PROGRAM AT CHERRY CREEK, NEVADA
VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (“Viscount” or “the Company”), a mineral resource exploration company with a portfolio of past producing gold and silver mines and exploration properties in the Western United States, is pleased to announce the 2015 exploration campaign has commenced on the Cherry Creek Project in White Pine County, Nevada.
The Cherry Creek Project (the “Property”) lies within an historic silver district, where high grade silver production came from numerous mines up to the 1920’s. This land holding includes the three largest past producing silver mines on the property – the Exchequer/New Century Mine, the Ticup Mine and the Star Mine.
After signing an Exploration–Earn In Agreement with Summit Mining Exploration II Inc.(“Summit”), a wholly owned US subsidiary of Sumitomo Corporation, Summit as operators are primed to initiate the 2015 exploration campaign on the Company’s Cherry Creek property block.
Summit has retained the services of Rangefront Geological Services of Elko, Nevada to begin an extensive soil sampling survey to collect approximately 1500 samples. Much of this area exhibited strong silver-gold and base metal anomalies from samples previously collected from outcrops.
ALS Chemex in Reno Nevada will conduct the analytical work.
Summit has also strengthened its team with the addition of Geologist Dr. James Robinson Ph.D. PG.Mr. Jim MacKenzie, President and CEO of Viscount stated: ”Dr. Robinson has worked extensively in eastern Nevada and is well published in technical journals, and has been working at Kinsley Peak (Pilot Gold) in recent years. We need detailed structural mapping and his experience with the same aged rocks as we have at Cherry Creek is invaluable”.
During the 2015 and 2016 work seasons Summit Mining International Inc. will be funding a graduate student from the University of Nevada, Reno (UNR) to conduct research on specific aspects of the property geology. The program is administered through the Center for Research in Economic Geology (CREG) at UNR.
The research project will be coordinated by Mike Ressel Ph.D, a research geologist with the Nevada Bureau of Mines and Geology. Previously, Mike was Chief Geologist of North America for Newmont Mining. Mike has a B.S. in Geology from California State Polytechnic University, Pomona (1989) and M.S. and Ph.D. degrees in Geology (1996 and 2005, respectively) from the University of Nevada, Reno. His graduate studies were Nevada-focused and broadly covered aspects of Tertiary volcanic geology, igneous petrology, regional magmatism, ore deposits, and tectonics. A major focus of his Ph.D. work was on the relationships between magmatism and Carlin type gold mineralization on the Carlin Trend, Nevada.
For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com
ON BEHALF OF THE BOARD OF DIRECTORS
Jim MacKenzie,
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
Phone: 604-960-0535
Email: info@viscountmining.com
About Sumitomo Corporation
Sumitomo Corporation is one of the largest integrated trading and investment companies in Japan. Sumitomo Corporation, a fortune 500 company, conducts commodity transactions in all industries utilizing worldwide networks, provides related customers with various financing, serves as an organizer and a coordinator for various projects, and invests in businesses from the information industry to the
retailing industry. Summit Mining Exploration, Inc. is wholly owned subsidiary of Sumitomo Corporation and is headquartered in Colorado, USA. For more information about Sumitomo Corporation, visit www.sumitomocorp.co.jp/english/
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
May 13, 2015 PRESS RELEASE
Viscount Completes Final Payments Covering 20 Previously Producing Mines at Cherry Creek Project, Nevada
VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (“Viscount” or the “Company”), a mineral resource exploration company with a portfolio of past producing gold and silver mines and exploration properties in the western United States, is pleased to announce it has spent $1,400,000 to date on the property in the Cherry Creek Mining District, White Pine County, Nevada including the final payment on the 20 previously producing mines.
The original Cherry Creek Project (the “Property”) lies within an historic silver district, where high grade silver production came from numerous mines up to the 1920’s. These land holdings include the three largest past producing silver mines in the district – the Exchequer-New Century Mine, Ticup Mine and the Star Mine. This area makes up of 2,600 acres including all 20 past producers on patented land. This project can now be included as belonging to the recently established “Pequop” or Long Canyon mineral belt.
Cherry Creek is located on trend and shares the same geologic characteristics with Newmont’s Long Canyon Deposit which boasts a 1.2 plus million ounces gold resource that should produce an estimated 100,000 to 150,000 ounces of gold per year (“Source: Newmont Mining Corporation ( NYSE: NEM ) Press Release April 8th, 2015”). Geologically the elements that are shared with Long Canyon include stratigraphy from the same formations, specifically calcareous units that lend themselves to mineralized replacement and structurally controlled high grade precious metal mineralization.
Jim MacKenzie, President & CEO stated “We are pleased to have completed the final purchase of the original Cherry Creek land package, making Viscount 100% owners. This is the first time in over a century that these 20 previously producing mines are now owned by one single entity.
Viscount remains in strong financial position without any debt.”
After signing an exploration earn-in agreement with Sumitomo Corporation and its wholly owned US subsidiary Summit Mining Exploration II Inc.(“Summit”), Viscount is gearing up for a full 2015 exploration campaign with Summit as operators on the Company’s Cherry Creek property
For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com
About Viscount Mining (TSX-V: VML)
Viscount Mining is an exploration company with a portfolio of properties in the Western United States including holdings in Nevada comprising more than 9,000 acres, all 100% owned, including more than 20 past producing silver and gold mines. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past producing mineral districts of Silver Cliff and Rosita Hills.
ON BEHALF OF THE BOARD OF DIRECTORS
“Jim MacKenzie”
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
Phone: 604-960-0535
Email: info@viscountmining.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
April 28, 2015 PRESS RELEASE
2015 EXPLORATION CAMPAIGN TO COMMENCE AT SILVER CLIFF COLORADO PROJECT
VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (“Viscount” or “the Company”), a mineral resource exploration company with a portfolio of past producing gold and silver mines and exploration properties in the Western United States, is pleased to announce the 2015 exploration campaign is poised to commence on the Silver Cliff Project in Custer County Colorado The Silver Cliff Property (the “Property”) lies within the historic Hardscabble Silver District, where high grade silver, gold and base metal production came from numerous mines during the period 1878 to 1894.
The property underwent substantial exploration between 1967 and 1984. Companies who became involved with Silver Cliff since 1976 included, but was not limited to; Freeport, Homestake, Moly Corp, FMC, CoCo Mines, Hecla and Tenneco. Work completed at Silver Cliff has included drilling of approximately 350 holes.
The Company is now planning to initiate an exploration campaign, scheduled to begin early in May 2015 as there are no current mineral resources or mineral reserves identified on the property. None of the previous reports are currently NI 43 101 compliant and verifiable by a qualified person.The program will include:
- Surface sampling of potential high-grade shows
- Check sampling of previously reported mineralized areas
- Survey of historically reported drill sites to aid in targeting for future drilling campaigns
- Evaluation of current claim coverage for potential upgrades and additional staking
- Securing easement agreements from local land owners
- Initiating permitting necessary for planned development work
- Collection of representative material from previously reported mineral inventories
- Test work for proprietary mineral concentration methodologies on mineralized material
For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com
ON BEHALF OF THE BOARD OF DIRECTORS
Jim MacKenzie,
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
Phone: 604-960-0535
Email: info@viscountmining.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
April 13, 2015 PRESS RELEASE
VISCOUNT EXPANDS CLAIM BLOCK COVERING CHERRY CREEK DISTRICT IN NEVADA
VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (“Viscount” or “the Company”), a mineral resource exploration company with a portfolio of past producing gold and silver mines and exploration properties in the Western United States, is pleased to announce it has strengthened its monopoly of the Cherry Creek Mining District in White Pine county Nevada.
The Cherry Creek Project (the “Property”) lies within an historic silver district, where high grade silver production came from numerous mines up to the 1920’s. This land holding includes the three largest past producing silver mines on the property – the Exchequer/New Century Mine, Ticup and the Star Mine.
After signing an Exploration – Earn In Agreement with Summit Mining Exploration II Inc.(“Summit”), a wholly owned US subsidiary of Sumitomo Corporation, Summit as operators are gearing up for a full 2015 exploration campaign on the Company’s Cherry Creek property block. As
such, the Company has, at Summit’s request, staked 17 additional lode claims to protect what they consider highly prospective ground. The area staked has been previously referred to as the “Zinc Beds” Summit has also leased a 5 acre parcel from a local resident to erect an exploration base camp. The camp will include modular office and living quarters, core logging and storage facilities and installation of utilities.
For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com
About Viscount Mining (TSX-V: VML)
Viscount Mining is an exploration company with a portfolio of properties in the Western United States including holdings in Nevada comprising more than 9,000 acres, all 100% owned, including more than 20 past producing silver and gold mines. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past producing mineral districts of Silver Cliff and Rosita Hills.
About Sumitomo Corporation
Sumitomo Corporation is one of the largest integrated trading and investment companies in Japan. Sumitomo Corporation, a fortune 500 company, conducts commodity transactions in all industries utilizing worldwide networks, provides related customers with various financing, serves as an organizer and a coordinator for various projects, and invests in businesses from the information industry to the retailing industry. Summit Mining Exploration, Inc. is wholly owned subsidiary of
Sumitomo Corporation and is headquartered in Colorado, USA.
For more information about Sumitomo Corporation, visit www.sumitomocorp.co.jp/english/
ON BEHALF OF THE BOARD OF DIRECTORS
Jim MacKenzie,
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
Phone: 604-960-0535
Email: info@viscountmining.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
March 31, 2015 PRESS RELEASE
VISCOUNT ENGAGES TORREY HILLS CAPITAL
VANCOUVER, Canada – Viscount Mining Corp. (TSX-V: VML) (“Viscount” or “the Company”), a mineral resource exploration company with a portfolio of past producing gold and silver mines and exploration properties in the Western United States, is pleased to announce that it has engaged San Diego Torrey Hills Capital, Inc. ("Torrey Hills Capital"), a Rancho Santa Fe, California based investor relations firm, to provide market awareness and investor relations services to the Company, subject to TSX Venture Exchange acceptance.
Torrey Hills Capital is a leading investor and financial public relations firm specializing in small and micro-cap companies. Torrey Hills Capital will increase awareness about Viscount through its
established relationships with investment professionals, investment advisors, and money managers focused on the microcap market space.
This will allow the Company to build and maintain an informed investor audience in both the U.S. and Canadian marketplaces. Torrey Hills Capital has been engaged for an initial term of six months at a monthly fee of US $4,000, which may be renewed at the Company’s discretion. In addition, Viscount has agreed to a one-time grant of 200,000 incentive stock options exercisable at a price of $0.22 per share for a period of three years.
Such options will vest in four equal quarterly tranches over a period of 12 months from the date of grant and shall be subject to the terms of the Company's stock option plan and the policies of the TSX Venture Exchange.
Torrey Hills Capital currently has no direct or indirect interest in the securities of Viscount, or any right or intent to acquire such an interest except pursuant to the exercise of the above referenced Options. The appointment of Torrey Hills Capital as an investor relations consultant of Viscount and the granting of the Options remain subject to regulatory acceptance of applicable filings with the TSX Venture Exchange.
About Torrey Hills Capital
Torrey Hills Capital was formed in 1998 and is headquartered in Rancho Santa Fe, California. The team of professionals offers experience and expertise in investor relations, corporate communications, non-deal road shows, and market support activities. Torrey Hills Capital specializes in the development and marketing of emerging growth companies which trade in the United States (NYSE, AMEX, and OTC) and in Canada (TSX, TSX-V, and CSE). Marketing activities articulate key investment attributes, strategic direction, and financial expectations, which combine to ensure that client market value fully reflects past achievements and future opportunities. Further information is available at www.torreyhillscapital.com
About Viscount Mining (TSX-V: VML)
Viscount Mining is an exploration company with a portfolio of properties in the Western United States including holdings in Nevada comprising more than 9,000 acres, all 100% owned, including more than 20 past producing silver and gold mines. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past producing mineral districts of Silver Cliff and Rosita Hills.
For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com
ON BEHALF OF THE BOARD OF DIRECTORS
Jim MacKenzie,
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
Phone: 604-960-0535
Email: info@viscountmining.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
March 2, 2015 PRESS RELEASE
VISCOUNT OPTIONS CHERRY CREEK PROPERTY TO SUMITOMO
VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (“Viscount” or “the Company”), a mineral resource exploration company with a portfolio of past producing gold and silver mines and exploration properties in the Western United States, is pleased to announce it has entered into an exploration earn - in agreement (the “Agreement”) with Summit Mining Exploration Inc. (“Summit”), a US subsidiary of Sumitomo Corporation. The Agreement covers the Company’s flagship Cherry Creek property located in White Pine County, Nevada.
The Cherry Creek Project (the “Property”) lies within an historic silver district, where high grade silver production came from numerous mines up to the 1920’s. The three largest past producing silver mines on the property were the Exchequer/New Century Mine, Ticup and the Star Mine.
In the third quarter of 2014, Summit funded a preliminary field evaluation of the Cherry Creek property to assess the mineral potential and determine if the project warranted an expanded exploration program.
Viscount had granted Sumitomo Corporation full access to historical data and locations of previously producing mines. Based on the work program by Sumitomo, a total of 325 new claims were acquired by Viscount over the summer to bring the total holdings at Cherry Creek to more than 9,000 acres.
Rangefront Geological Services of Elko, Nevada was contracted by Summit to spot check existing geologic maps, collect soil and rock chip samples, and catalogue the locations of historic prospects,underground mines and surface workings. Samples were submitted to the ALS Global Laboratories for precious metal assay and multi-element analysis.
All new data and several of the historic surface geology maps were loaded to an ArcGIS database. All samples collected remained in the possession of Rangefront Geological Services until delivered to ALS Global Laboratories for preparation and assay. ALS Global Laboratories is a fully accredited laboratory which adheres to the highest industry
standards for quality control and assurances.
The rock chip sampling results reported to the Company by Summit indicate widespread occurrences of anomalous to high grade gold, silver and base metal mineralization thereby validating information cited in historic reports. From the 302 samples collected, assays ranged from below detection to: 21 assayed greater than 1 g gold/t with 7 assaying greater than 10 g gold/t and a high value of 76.9 g gold/t or nearly 2.6 ounces per ton gold. Ninety nine samples assayed higher than 1 ounce per ton silver, with 31 having values greater than 10 ounces per ton and a high value of more than 8,700 g/t or 307 ounces per ton silver. Surface base metal values were also very anomalous: with 3 containing greater than 1% copper and one with 3.4%; 14 lead assays were greater than 1% with a maximum value of more than 20%. Zinc showed 10 sample assays greater than 1% with a high of 14% (see table below for select assays).
A complete table of all assay results can be reviewed on the
Company’s web site www.viscountmining.com
Assay results received from Rangefront’s 2014 sampling also demonstrate the poly-metallic character of Cherry Creek’s mineralization. Many of the highest assay values coincide with the known historic mining trends and the structural interpretations made by Rangefront geologists across the Cherry Creek property. The distribution of mineralized samples throughout the property, and accompanying alteration confirms a broad multi-mineral exploration target.
Mr. Kaare Foy, Chairman of Viscount, stated: “We are very pleased to have entered into an agreement with a company of Sumitomo’s stature and experience, and look forward to a long and mutually beneficial friendship,” Under terms of the agreement Summit shall make an initial payment to the Company of US $500,000.
To maintain the Agreement and to vest its 75% interest in the Property, Summit is required to produce a bankable feasibility study ("BFS") and to have expended a minimum of US$10,000,000 in exploration and development expenses by the eighth anniversary of the effective date of the agreement.
If Summit elects to terminate the Agreement and has expended a minimum of US$10,000,000 and produced a BFS it shall be entitled to a 1.5% net smelter return ("NSR") royalty on the Property's production capped at twice the amount it has expended to the date of termination.
If Summit vests at 75%, then Viscount and Summit will enter into a joint venture agreement which will provide that if a party is reduced to less than 10% then that party's interest shall be converted to a 3% NSR royalty.
If a minority partner in the joint venture votes against commencing mine construction then the minority partner will have a one-time option to cause the majority partner to purchase their interest in the joint venture at a price based on information in the BFS. The agreement is subject to approval from the TSX Venture Exchange and may also require approval
of the shareholders of Viscount.
Technical information in this news release has been approved by Dallas W. Davis, PEng, FEC, an independent consulting geologist and a qualified person as defined in NI 43-101.
About Viscount Mining (TSX-V: VML)
Viscount Mining is an exploration company with a portfolio of properties in the Western United States including holdings in Nevada comprising more than 9,000 acres, all 100% owned, including more than 20 past producing silver and gold mines. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past producing mineral districts of Silver Cliff and Rosita Hills.
About Sumitomo Corporation
Sumitomo Corporation is one of the largest integrated trading and investment companies in Japan. Sumitomo Corporation, a fortune 500 company, conducts commodity transactions in all industries utilizing worldwide networks, provides related customers with various financing, serves as an organizer and a coordinator for various projects, and invests in businesses from the information industry to the retailing industry. Summit Mining Exploration, Inc. is wholly owned subsidiary of
Sumitomo Corporation and is headquartered in Colorado, USA. For more information about Sumitomo Corporation, visit www.sumitomocorp.co.jp/english/.
For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com
ON BEHALF OF THE BOARD OF DIRECTORS
Jim MacKenzie,
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
Phone: 604-960-0535
Email: info@viscountmining.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
February 3, 2015 VISCOUNT PROVIDES CORPORATE UPDATE
VANCOUVER, Canada – (February 3, 2015) – Viscount Mining Corp. (TSX VENTURE: VML) (“Viscount” or “the Company”) is pleased to provide the following update on the Company's 2014 activities:
The Company is a mineral exploration company, together with its subsidiaries, is engaged in the exploration and development of mineral properties in Cherry Creek, Nevada and Silver Cliff, Colorado.
Viscount's President and Chief Executive Officer,Jim MacKenzie, commented: “As we look forward to a new year of exploration, discoveries and development, I would like to take this opportunity to review the last year and to outline the Company’s plans and goals for 2015. The past year 2014 marked the third year in a row of difficult financial times for the mining and exploration sector.
Sourcing capital for exploration has been a difficult task for our industry. Many companies have not been able to obtain funds and have either shut down completely, been acquired, remain idle or changed their business models out of metals exploration. Viscount has been very fortunate to have been able to finance operations in this market and I
believe that this is due to the strength of our management and the quality of our two projects.”
Recent significant activities reported by the Company are:
- June 17, 2014: Viscount announced it had signed an agreement with Sumitomo Corporation of the Americas ("SCOA") to conduct an exploration program on the Company's flagship property located in Cherry Creek, Nevada.
- July 17, 2014: The Company staked a further 139 claims in strategic areas east and west of the main Cherry Creek claim block and additional fill-in claims within the general claim block area.
- August 13, 2014: The Company entered into an option agreement for the acquisition of a 100% interest in certain mining claims located in the State of Colorado 50 miles west of Pueblo, known as the Silver Cliff Property. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past producing mineral districts of Silver Cliff and Rosita Hills.
- September 2, 2014: The Company added 155 claims in strategic areas east and west of the main Cherry Creek claim block.
- October 9, 2014: Viscount added 33 more claims in strategic areas at the main Cherry Creek Nevada claim block. Based on the work program by SCOA, a total of 327 new claims were staked and acquired by Viscount over the summer to bring the total holdings at Cherry Creek to more than 9,000 acres, all 100% owned, including more than 20 past producing silver and gold mines.
- October 28, 2014: The Company extended the agreement announced June 17, 2014 with Sumitomo Corporation of Americas to conduct an exploration program on the Company's flagship property located in Cherry Creek, Nevada.
- January 5, 2015: Viscount closed a non-brokered private placement for gross proceeds of $1,750,000.
Looking ahead to this year Mr. MacKenzie stated: “The Viscount team is very encouraged by the progress last year at the Cherry Creek property. The Sumitomo 2014 results were sufficiently positive to justify
extension of the exploration agreement (see news release dated October 28, 2014). It is anticipated that they will be conducting extensive mapping, soil and rock chip geochemistry, several types of geophysical
surveys, and, assuming positive results, preliminary drilling to evaluate the best targets.
At the Silver Cliff property, Viscount geologists will conduct mapping, rock chip sampling, metallurgical testing of silver extraction options and will investigate of the general area with the objective of confirming the upside potential on which the decision to acquire the initial 96 lode claims was based. In addition, Viscount will continue to evaluate properties submitted by individuals and companies as well as to apply innovative and ”cutting edge” research to identify hitherto overlooked acquisition opportunities.”
Viscount has, subject to regulatory approval, has retained Venture Liquidity Providers Inc. ("VLP") to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the Company.
The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the TSX Venture Exchange ("TSX-V") and other applicable laws.
For its services, the Company has agreed to pay VLP $5,000 per month for a period of 12 months. The agreement may be terminated at any time by the Company or VLP. The Company and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the Company or its securities. The finances and the shares required for the market-making service are provided by W.D. Latimer. The fee paid by the Company to VLP is for services only.
VLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX-V listed issuers. For further information regarding VLP, please email info@vlpinc.net.
Technical information in this news release has been approved by Dallas W. Davis, PEng, FEC, an independent consulting geologist and a qualified person as defined in NI 43-101.
About Viscount Mining (TSX-V: VML)
Viscount Mining Corp. is an exploration company with a portfolio of properties in the Western United States including holdings in Nevada comprising more than 9,000 acres, all 100% owned, including more than 20 past producing silver and gold mines. The Silver Cliff property in Colorado is comprised of 96 lode claims, covering much of the historical past producing mineral districts of Silver Cliff and Rosita Hills.
About W.D. Latimer Co. Limited
W.D. Latimer Co. Limited is one of Toronto's most active broker-dealers. With more than 40 proprietary traders and specialists for the Toronto Stock Exchange, an institutional agency desk and private client services, W.D. Latimer Co. Limited is one of Canada's largest proprietary trading firms. For further information on W.D. Latimer Co. Limited, contact Bill Seaward, venture market making specialist at 416-707-3131 or email bill@wdlatimer.com.
For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com
ON BEHALF OF THE BOARD OF DIRECTORS
Jim MacKenzie,
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
Phone: 604-960-0535
Email: info@viscountmining.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
January 5th, 2015
VISCOUNT MINING RAISES $1,750,000 THROUGH PRIVATE PLACEMENT
VANCOUVER, Canada – (January 5, 2015) – Viscount Mining Corp. (TSX VENTURE: VML) (“Viscount” or “the Company) is pleased to announce that it has completed its previously announced private placement financing.
The final tranche consisted of 3,588,333 units for gross proceeds of $538,250. In total the Company has issued 11,666,672 units for
gross proceeds of $1,750,000.
Each Unit consists of one common share of the Company and one common share purchase warrant (a "Warrant"), with each Warrant exercisable into one common share of the Company for a period of 3 years from closing at an exercise price of C$0.25.
In connection with the final tranche, the Company will pay finder’s fees and commissions totaling $11,268.40 in cash, and 75,123 in finder’s warrants, with the warrants having the terms described above. The securities issued are subject to a four month hold period from the date of closing.
The Company also announces that pursuant to the Company's Stock Option Plan on January 2, 2015 it has granted 1,175,000 stock options at a price of $0.20 per common share. The Options were granted to Directors, Officers and Consultants of the Company. The option grant will vest immediately. In accordance with the Company's Stock Option Plan, the options granted are exercisable until January 2, 2020.
Grant of the options is subject to the approval of the TSX Venture Exchange.
About Viscount Mining (TSX-V: VML)
Viscount Mining is an exploration company with a portfolio of properties in the Western United States with holdings in Nevada comprising more than 9,000 acres, all 100% owned, including more than 20 past producing silver and gold mines. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past producing mineral districts of Silver Cliff and Rosita Hills.
ON BEHALF OF THE BOARD OF DIRECTORS
Jim MacKenzie,
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
Phone: 604-960-0535
Email: info@viscountmining.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Dec 24, 2014 MD&A Excerpt for Yr. Ended August 31, 2014
VISCOUNT MINING CORP. (Formerly FAITH SPRING VENTURE INC.)
MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR ENDED AUGUST 31, 2014
December 24, 2014 Excerpts from the MD&A for Yr Ended August 31, 2014
Overall Performance
The Company is a mineral exploration company incorporated under the laws of British Columbia, Canada and, together with its subsidiaries, is engaged in the exploration and development of mineral properties in Cherry Creek, Nevada and Silver Cliff, Colorado. After having secured funding late in 2010, the Company, during 2012, escalated exploration and evaluation activity. The Company focused its efforts on a program designed to understand previously disclosed historical resource estimates, as described in the latest National Instrument 43-101 compliant Technical Report dated May 20, 2013, and currently on file at SEDAR.
Recent significant activities reported by the Company are:
• Between November 24, and December 1, 2014 the Company closed the first two tranches of its non brokered private placement and issued a total of 8,078,339 units for gross proceeds of $1,211,760. Each Unit consists of one common share of the Company and one common share purchase warrant (a "Warrant"),with each Warrant exercisable into one common share of the Company for a period of 3 years from closing at an exercise price of C$0.25.
• On October 28, 2014 the Company accepted the resignation of Andrew McCreath from the Board of directors and thanked him for his contributions during his tenure as a Director of Viscount and look forward to a continued friendship.
• On October 28, 2014 the Company extended the agreement announced June 17, 2014 with Sumitomo Corporation of Americas to conduct an exploration program on the Company's flagship property located in Cherry Creek, Nevada.
• On October 9, 2014 added 33 more claims in strategic areas at the main Cherry Creek Nevada claim block. Based on the work program by SCOA, a total of 327 new claims were staked and acquired by Viscount over the summer to bring the total holdings at Cherry Creek to more than 9,000 acres, all 100% owned, including more than 20 past producing silver and gold mines.
• On September 2, 2014 the Company added 155 claims in strategic areas east and west of the main Cherry Creek claim block.
• On August 13, 2014 the Company entered into an option agreement for the acquisition of a 100% interest in certain mining claims located in the State of Colorado 50 miles west of Pueblo, known as the Silver Cliff Property. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past producing mineral districts of Silver Cliff and Rosita Hills.
• On July 17, 2014 the Company staked a further 139 claims in strategic areas east and west of the main Cherry Creek claim block and additional fill-in claims within the general claim block area.
• On June 19, 2014 the Company closed a private placement for shares offered at $0.20 per share. A total of 1,250,000 shares were issued for an aggregate value of $250,000.
• On June 17, 2014 the Company announced it had signed an agreement with Sumitomo Corporation of Americas ("SCOA") to conduct an exploration program on the Company's flagship property located in Cherry Creek, Nevada.
• On May 26, 2014, the Company has entered a letter of intent (LOI) to conclude a lease to purchase agreement for a 96-claim property known as Silver Cliff located in Custer county, Colorado.
• On April 17, 2014, the TSX Venture Exchange suspended trading in the Company's securities as a result of a cease trade order (CTO) issued by the British Columbia Securities Commission (BCSC). The Company addressed the issues and received notification from the BCSC rescinding the CTO on May 12, 2014, and resumed trading on May 16, 2014.
• On April 2, 2014, the Company clarified certain statements and assertions made in the news release dated March 31, 2014, namely that the Tognoni report was referenced in an earlier Company news release dated November 18, 2013, clarified that Tognoni’s 46 samples should have been identified as 3 grab samples and retracted a statement attributed to Dr. Lahti, Company VP Exploration, that implied silver and gold reserve potential that is not supported by the Technical Report dated May 20, 2013.
• On March 31, 2014, the Company announced having located a report authored by Michael Tognoni in 1985 and titled “Ticup-Fillmore and Star Mines, Cherry Creek Mining District, White Pine County, Nevada”. In the Company news release, it was stated to contain “previously unknown facts regarding its wholly-owned lands in Nevada”. Subsequently, the Company has become aware that the Tognoni report had been disclosed as a reference, although not discussed, in the Technical Report of May 20, 2013.
• On January 16, 2014, the Company appointed Matt Hughes to the Board of Directors replacing Jeremy Caddy.
• On March 17, 2013, the Company announced that it has commissioned Oliver GeoServices LLC of Colleyville, Texas, to develop a 3D GIS model of historic deposits at the Cherry Creek Prospect with the goal to both inventory past production and to gain a more detailed understanding of the three dimensional geometry of the various vein systems.
1. Disclosure of Technical Information on Mineral Projects References in this MD&A to mineral resources are pursuant to the requirements of National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators (“NI 43-101”).
Technical aspects of this MD&A were reviewed by Dallas W. Davis, P.Eng, FEC, a consulting geologist who is a life member of the Association of Professional Engineers and Geoscientists of New Brunswick, is independent of the Company and is a Qualified Person, both as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
2. Company Overview
The Company was incorporated under the British Columbia Business Corporations Act on October 26, 2011 and was classified as a Capital Pool Company as defined in Policy 2.4 of the TSX Venture Exchange (“TSXV”).
On July 23, 2013, the Company completed a share exchange (the "Share Exchange") with Viscount Mining Resources Ltd. ("Viscount") and all of the shareholders of Viscount. Concurrently with the Share Exchange, the Company also changed its name to Viscount Mining Corp. and completed a consolidation of its common shares on the basis of one post-consolidation share for every two pre-consolidation shares. For accounting purposes the transaction described above has been treated as a Reverse Takeover (RTO) and the accounting records of Viscount are reported prior to July 23, 2013, the date of the share exchange.
The Company’s registered office is located at Suite 400-570 Granville Street, Vancouver, BC, V6C 3P1. The Company is an exploration company with a portfolio of properties in the Western United States including holdings in Nevada comprising more than 9,000 acres, all 100% owned, including more than 20 past producing silver and gold mines. The Silver Cliff property in Colorado is comprised of 96 lode claims, covering much of the historical past producing mineral districts of Silver Cliff and Rosita Hills.
3. Directors & Management
Mr. James MacKenzie Director, President, Chief Executive Officer
Mr. Kaare Foy Director, Chairman of the Board
Mr. William MacDonald Director
Mr. Andrew Gertler Director
Mr. Matthew Hughes Director
Mr. Derick Sinclair, CA Chief Financial Officer, Corporate Secretary
4. Exploration and Evaluation Properties
NEVADA properties
A. Cherry Creek 1 Property
On March 31, 2011, the Company entered into a Mining Lease and Agreement to Purchase for certain patented and unpatented mining claims located in White Pine Country, Nevada (the “Cherry Creek 1 Property”). On March 13, 2013, April 19, 2013, May 21, 2013, and June 2014 the agreement was amended. Under the terms of the amended agreement, the Company is to make lease payments totaling US$551,500 as follows (Note 10):
i. US$10,000 within 15 days of signing of the agreement (paid);
ii. US$10,000 on or before March 31, 2012 (paid);
iii. US$75,000 and issue 375,000 common shares at a deemed price per share of $0.20 for a total value of $75,000 on or before March 31, 2013 (paid and issued);
iv. US$181,500 on or before October 1, 2014 (paid on December 2, 2014); and
v. US$200,000 on or before March 31, 2015.
Upon payment of cumulative lease payments of US$551,500, the owner will transfer title to the Cherry Creek 1 Property to the Company. The Company will pay the owner a Net Smelter Royalty “NSR”) of 1.5% of net
smelter proceeds.
On March 31, 2011, the Company granted a NSR of 1% to Kingsmere Mining Ltd. in recognition of their efforts in the acquisition of the Cherry Creek 1 Property.
For more info from this MD&A go to www.sedar.com and look up Viscount Mining
PRESS RELEASE OCTOBER 28, 2014
VISCOUNT EXTENDS EXPLORATION AGREEMENT WITH SUMITOMO
VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (“Viscount” or “the Company”), a mineral resource exploration company with a portfolio of past producing gold and silver mines and exploration properties in the Western United States, is pleased to announce it has extended an agreement announced June 17, 2014 with Sumitomo Corporation of Americas (“SCOA”) to conduct an exploration program on the Company’s flagship property located in Cherry Creek, Nevada.
The Cherry Creek Property lies within an historic silver district, where high grade silver production came from numerous mines up to the 1920’s. This land holding includes the three largest past producing silver mines on the property – the Exchequer/New Century Mine, Ticup and the Star Mine.
The summer program by SCOA consisted of intensive field sampling and reconnaissance mapping on the Property. Viscount granted SCOA full access to historical data and locations of previously producing mines. Based on the work program by SCOA, a total of 325 new claims were staked and acquired by Viscount over the summer to bring the total holdings at Cherry Creek to more than 9,000 acres.
Mr. Kaare Foy, Chairman of Viscount, comments: “We are very pleased to have this opportunity to work with SCOA towards entering into a multi year exploration program at our Cherry Creek project. They are a world class organization and we look forward to working with them to advance the Property”.
Viscount announces the resignation of Mr. Andrew McCreath from the Board of Directors. Mr. Foy said: “On behalf of the Board, we appreciate Andy’s continued friendship and thank him for his contributions during his tenure as a Director of Viscount”. Technical information in this news release has been approved by Dallas W. Davis, PEng, FEC, an independent consulting geologist and a qualified person as defined in NI 43-101.
About Viscount Mining (TSX-V: VML)
Viscount Mining is an exploration company with a portfolio of properties in the Western United States including holdings in Nevada comprising more than 9,000 acres, all 100% owned, including more than 20 past producing silver and gold mines. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past producing mineral districts of Silver Cliff and Rosita Hills.
For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com
ON BEHALF OF THE BOARD OF DIRECTORS
Jim MacKenzie,
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
Phone: 604-960-0535
Email: info@viscountmining.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information: Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward looking statements.
PRESS RELEASE OCTOBER 9, 2014
VISCOUNT MINING ADDS FURTHER STRATEGIC CLAIMS AT CHERRY CREEK
VANCOUVER, Canada – (October 9, 2014)
– Viscount Mining Corp. (TSX VENTURE: VML) (“Viscount” or “the Company”), a mineral resource exploration company with exploration properties in Nevada and Colorado is pleased to announce they have added 33 more claims in strategic areas at the main Cherry Creek Nevada claim block.
Mr. Jim MacKenzie, CEO of Viscount, noted “With the conclusion of the most recent work program of mapping and sampling on the Cherry Creek claim block by Sumitomo Corporation of Americas it was determined that an extra 33 claims in addition to the 294 claims added as per press releases on July 17 and September 2, 2014 be staked to further define the ground necessary to cover what the geologist’s consider to be additional prospective ground. Once all of the summer field work results are evaluated Viscount will make an announcement as to what the future work program will consist of.”
Technical information in this news release has been approved by Dallas W. Davis, PEng, FEC, an independent consulting geologist and a qualified person as defined in NI 43-101.
About Viscount Mining (TSX-V: VML)
Viscount Mining is an exploration company with a portfolio of properties in the Western United States including holdings in Nevada comprising more than 9000 acres, all 100% owned, including more than 20 past producing silver and gold mines. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past producing mineral districts of Silver Cliff and Rosita Hills. For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com
ON BEHALF OF THE BOARD OF DIRECTORS
Jim MacKenzie,
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
Phone: 604-960-0535
Email: info@viscountmining.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
September 24, 2014 Press Release
Viscount Mining Announces Non-Brokered Private Placement
Vancouver, BC-– September 24, 2014--Viscount Mining Corp. (TSX VENTURE: VML) (“Viscount” or the "Company”) is pleased to announce that it intends to carry out, subject to approval from the TSX Venture Exchange (the "Exchange"), a non-brokered private placement of units at a price of $0.20 per unit, for gross proceeds of up to $2,000,000 (the "Private Placement"). Each unit will consist of one common share of Viscount and one common share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder thereof to purchase one additional common share at a price of $0.30 per share for a period of 36 months.
A Finder's fee of cash and/or warrants may become payable in connection with this private placement. Net proceeds from the financing will be used to for working capital and to advance the Company's mineral properties.
About Viscount Mining (TSX-V: VML)
Viscount Mining is an exploration company with a portfolio of properties in the Western United States including holdings in Nevada comprising more than 8600 acres, all 100% owned, including more than 20 past producing silver and gold mines. For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com
ON BEHALF OF THE BOARD OF DIRECTORS
Jim MacKenzie, For further information, please contact:
President, CEO and Director Viscount Investor Relations
Viscount Mining Corp. Email: info@viscountmining.com
Phone: 604-960-0535
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements or information (collectively referred to herein as "forward-looking statements") relating to the closing of the Private Placement. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements and are not guarantees of future performance of the Company. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.
These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic and business conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with mineral exploration, development and production, (3) the price of and demand for minerals and their effect on the economics of mineral exploration, (4) any number of events or causes which may delay or cease exploration and development of the Company’s property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems, (5) the risk that the Company does not execute its business plan, (6) inability to retain key employees, (7) inability to finance operations and growth, (8) the Silver Cliff Property option agreement may not be completed for a number of reasons including possible failure to receive the approval of the TSX Venture Exchange, and (9) other factors beyond the Company’s control. Should one or more of these risks or uncertainties materialize, or should any of the Company's assumptions prove incorrect, actual results may vary in material respects from those projected in the forward-looking statements.
Readers are cautioned that the foregoing list of risks, uncertainties and other factors is not exhaustive. Unpredictable or unknown factors not discussed could also have material adverse effects on forward looking statements. The impact of any one factor on a particular forward-looking statement is not determinable with certainty as such factors are dependent on other factors, and the Company's course of action would depend on its assessment of the future considering all information then available. All forward-looking statements in this press release are expressly qualified in their entirety by these cautionary statements. Except as required by law, the Company assumes no
obligation to update forward-looking statements should circumstances or management’s estimates or opinions change.
PRESS RELEASE:
VISCOUNT MINING ADDS ADDITIONAL STRATEGIC CLAIMS AT CHERRY CREEK
VANCOUVER, Canada – (September 2, 2014)
– Viscount Mining Corp. (TSX VENTURE: VML) (“Viscount” or “the Company”), a mineral resource exploration company with exploration properties in Nevada and Colorado is pleased to announce they have added 155 claims in strategic areas east and west of the main Cherry Creek claim block. This is in addition to the 139 claims added as per the press release on July 17, 2014.
Mr. Jim MacKenzie, CEO of Viscount, noted “Based on our summer work program we have significantly added to enhance and protect targeted areas currently being evaluated. These claims may contain further silver-gold base metal veins similar to those mined by the larger past producers at Cherry Creek. Viscount continues to conduct extensive mapping and sampling to locate target areas requiring further exploration with diamond and reverse circulation drilling.”
Technical information in this news release has been approved by Dallas W. Davis, PEng, FEC, an independent consulting geologist and a qualified person as defined in NI 43-101. The Company is pleased to announce the results of its annual meeting of shareholders (“AGM”) held August 22, 2014 in Vancouver BC.
All the nominee directors listed in the Viscount AGM information circular were elected as directors. The number of Directors is now set at 6 from 7 in in the past year, with the Directors for the ensuing year being: Jim MacKenzie, William Macdonald, Kaare Foy, Andrew Gertler, Matthew J. Hughes, and Andrew McCreath.
At the AGM, shareholders also voted in favor of:
Appointing James Stafford, Chartered Accountants as the auditors for the ensuing year and authorizing the directors to fix their remuneration; and approved the Company’s 10% rolling stock option plan.
About Viscount Mining (TSX-V: VML)
Viscount Mining is an exploration company with a portfolio of properties in the Western United States including holdings in Nevada comprising more than 8600 acres, all 100% owned, including more than 20 past producing silver and gold mines. For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com
ON BEHALF OF THE BOARD OF DIRECTORS
Jim MacKenzie,
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
Phone: 604-960-0535
Email: info@viscountmining.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
August 18, 2014
Viscount Mining Announces Entry into Option Agreement for
Acquisition of Colorado Property Vancouver, BC--(August 18, 2014)--
Viscount Mining Corp. (TSX VENTURE: VML) (“Viscount” or the
"Company”) is pleased to announce that it has entered into an option agreement dated August 13, 2014 (the "Agreement") for the acquisition of a 100% interest (the "Option") in certain mining claims located in the State of Colorado 50 miles west of Pueblo, known as the Silver Cliff Property (the "Property"). The Agreement remains subject to acceptance from the TSX Venture Exchange (the "Exchange").
To exercise the Option, Viscount must make cash payments in the aggregate amount of US$3,000,000 over a period of up to 13 years and issue a total of 200,000 of each of its common shares and common share
purchase warrants to the Property vendors (the "Vendors"), which securities will be released in equal stages over a four year period following receipt of Exchange approval. The warrants will be exercisable at the greater of CDN$0.20 or the market price at the time of issuance for a period of three years.
The Agreement does not contain provisions for mandated exploration expenditures but requires Viscount to make certain claim rental fees on behalf of the Vendors. In addition, as operator during the option
period, Viscount will be required to file all regulatory exploration reports and keep the Property in good standing.
At the time of commencement of commercial production on the Property, the Vendors will be granted an additional 500,000 shares and warrants of Viscount and will retain a 2% net smelter returns royalty (the "NSR Royalty").
The NSR Royalty is subject to a buy-back right in favour of Viscount at any time prior to commencement of commercial production on any particular deposit, to repurchase 1% of the NSR Royalty from the Vendors. The purchase price for such buy-back will be an amount equal to the value of 0.5% of all commercially mineable and proven and probable reserves on the subject deposit determined pursuant to a National Instrument 43-101 compliant Feasibility Study, with the mineral price to be based on the 30 day average price prior to Viscount giving notice of the intended NSR Royalty repurchase.
Subject to Exchange approval, Viscount expects to pay a finder's fee in the amount of 500,000 common shares in connection with the closing of the Option Agreement. The property lies within an historic silver district, where high-grade silver production came from numerous mines during the period 1878 to 1894. Silver production was derived from both shear-vein zones in tertiary volcanic units as well as breccia pipes hosted in Precambrian rocks located within and adjacent to a tertiary caldera or volcanic centre. Lower-grade halos are reported to exist surrounding the high-grade pipes and vein zones.
In summary, Hecla Mining bought out the rights to the lands in 1993 from the previous owner, CoCa Mines. Low silver prices in the 1990s led to reduced activity and ultimately to the release of many strategic claims by 1996. The company has access to historical data and other information on the property, including extensive maps of the district showing claims, old mines, exploration targets and prospects, locations of historic resource estimates drill holes, township and infrastructure data.
Target models for the prospect provided in the available information include near-surface blanket-style miin the available information
include near-surface blanket-style mineralization and high-grade vein deposits which remain generally untested.
Viscount geologists will be visiting the property to determine next steps to verify the historical estimates as necessary to reclassify them as a current resource under National Instrument 43-101, as well as test for additional mineralization along known zones and explore for hitherto undetected zones.
Technical information in this news release have been approved by Dallas Davis, PEng, FEC, anindependent consulting geologist and a qualified person as defined in NI 43-101.
About Viscount Mining (TSX.V: VML)
Viscount Mining is a exploration company with a portfolio of properties in the Western United States including holdings in Nevada and Colorado comprising over 7000 acres all 100% owned including more than 20 past producing silver and gold mines. For additional information regarding the above noted property and other corporate information, please visit the company's website at www.viscountmining.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Jim MacKenzie,
President, CEO and Director Viscount Mining Corp.
For further information, please contact:
Viscount Investor Relations
Email: info@viscountmining.com
Phone: 604-960-0535
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements or information (collectively referred to herein as "forward-looking statements") relating to the option agreement for the Silver Cliff Property. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements and are not guarantees of future performance of the Company. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which
may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic and business conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with mineral exploration, development and production, (3) the price of and demand for minerals and their effect on the economics of mineral exploration, (4) any number of events or causes which may delay or cease exploration and
development of the Company’s property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour
problems, (5) the risk that the Company does not execute its business plan, (6) inability to retain key employees, (7) inability to finance operations and growth, (8) the Silver Cliff Property option agreement may not be completed for a number of reasons including possible failure to receive the approval of the TSX Venture Exchange, and (9) other factors beyond the Company’s control. Should one or more of these risks or uncertainties materialize, or should any of the Company's assumptions prove incorrect, actual results may vary in material respects from those projected in the forward-looking statements. Readers are cautioned that the foregoing list of risks, uncertainties and other factors is not exhaustive. Unpredictable or unknown factors not discussed could also have material adverse effects on forward-looking statements. The impact of any one factor on a particular forward-looking statement is not determinable with certainty as such factors are dependent on other factors, and the Company's course of action would depend on its assessment of the future considering all information then available. All forward-looking statements in this press release are expressly qualified in their entirety by these cautionary statements. Except as required by law, the Company assumes no obligation to update forward-looking statements should circumstances or management’s estimates or opinions change.
Viscount Mining Corp. (formerly Faith Spring Venture Inc.)
Mailing Address: c/o 400 - 570 Granville Street Vancouver, BC V6C 3P1
Head Office Address: S/A
Contact Name: James Mackenzie
Principal Regulator: British Columbia
Business e-mail address: info@viscountmining.com
Short Form Prospectus Issuer: No
Telephone Number: 604 960-0535
Reporting Jurisdictions: British Columbia, Alberta
Fax Number: 604 6085442
Stock Exchange: TSX Venture
Date of Formation: Oct 26 2011
Stock Symbol: VMLV
Jurisdiction Where Formed:British Columbia
Auditor: Davidson & Company Chartered Accountants
Industry Classification: other
CUSIP Number: 92834X
Transfer Agent: Computershare Trust Company of Canada
Financial Year-End: Aug 31
Size of Issuer (Assets): Under $5,000,000
About Viscount Mining (TSX VENTURE: VML) (OTCQB: VLMGF)
Viscount Mining is an exploration company with a portfolio of gold and silver properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado. Cherry Creek is comprised of more than 10,000 acres, all 100% owned, and includes more than 20 past producing mines. Viscount has entered into an exploration earn-in agreement with Sumitomo Corporation covering the Cherry Creek property.
Sumitomo can earn in up to a 75% interest in the property by producing a feasibility study and by spending in addition a minimum of US$10,000,000 in exploration and development expenses by the eighth anniversary of the earn-in agreement. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past-producing mineral districts of Silver Cliff and Rosita Hills.
For additional information regarding theabove noted property and other corporate information, please visit the Company's website at www.viscountmining.com
You are 100% on your analogy re-posted below Strut. Their goal was to trigger Stop Losses which let's say is akin to rolling a snowball down the hill knowing in advance that there is a really good shot at turning it into a snow boulder or an avalanche as we witnessed.
Mission was accomplished as many people forget to put in minimum limits to avoid a whipsaw avalanche that ensued.
The closing of the MASCO Deal with shares is what we see now entering the market. What else would you expect from former owners whose trustees are encharged with paying out debts etc. for folks who entered bankruptsy or simply are now in a tough spot. IMHO.
This is a great spot for accumulation now that all expected news we've waited for is finally out and now execution of the business plan can finally commence.
Keep an eye on expected IMHO potential short covering over the next 3-6 weeks at ths link.
http://www.nasdaq.com/symbol/xxii/short-interest#ixzz3Bf1wHzhG
22nd Century Group, Inc Short Interest
"Surely most of the hit pieces are written in advance. I've said this before, what they almost always have in common: timing. The HF likely had a position for some time (significant rising short interest over past few months) and realized XXII catalyst(s) were on the way. IMO, right before the hit piece, Shorts were bumping into each other to cover (via morning SP drop and cover routine) and it wasn't going the HF's way. So they went with the nuclear option to protect their pockets."
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
8/15/2014 2,600,131 291,853 8.909043
7/31/2014 2,700,804 264,561 10.208625
7/15/2014 3,223,612 495,920 6.500266
6/30/2014 2,355,125 937,487 2.512168
6/13/2014 2,045,034 628,462 3.254030
5/30/2014 1,430,694 601,700 2.377753
Read more: http://www.nasdaq.com/symbol/xxii/short-interest#ixzz3CMT0OUau
Mercedes49 I still believe in ANY and even moreso given info flowing from VM Ware Conference and recent news from sphere and Overland. Accumulate on weakness.
I don't know how to set up PRiv Mssg box as I'm a luddite when it domes to that stuff. Sometimes I'm a tad dense on these supposedly simpler things.
Sad but true on many pts, reposting so perhpas Co. takes note my friend.
ARBITRARY & CAPRICIOUS Member Level Wednesday, 08/27/14 02:05:18 PM
Re: None
Post # of 15110
The company is to blame...they repeatedly provide these opportunities for the crooks by never meeting timelines......if they would just beat the clock once these games would stop...right now they are so predictable....XXII is always on the far side...very far side of any vague dates they include in filings......as a natural date comes up (day after labor day) that loosely coincides with a few weeks...it was time to pounce for these criminals.....If they would simply put out news it would stop but they just can't seem to get out their our way...
Waiting for a new update on current short position after past day's trading. 8/21 and 8/28 and 9/5 updates will be most telling. stay tuned at link below and post update when you see it.
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
8/15/2014 2,600,131 291,853 8.909043
7/31/2014 2,700,804 264,561 10.208625
7/15/2014 3,223,612 495,920 6.500266
6/30/2014 2,355,125 937,487 2.512168
6/13/2014 2,045,034 628,462 3.254030
5/30/2014 1,430,694 601,700 2.377753
5/15/2014 1,352,952 340,318 3.975552
4/30/2014 1,435,921 420,094 3.418095
4/15/2014 1,313,699 681,670 1.927177
3/31/2014 1,177,843 1,404,014 1.000000
3/14/2014 414,334 674,983 1.000000
Read more: http://www.nasdaq.com/symbol/xxii/short-interest#ixzz3Bf1wHzhG
Darn right strut...
I had to repost what you posted verbatum
strut1702 Wednesday, 08/27/14 03:48:21 PM
Re: weege post# 15072
Post # of 15108
Unfortunately, We may not see the squeeze that was possible just last week. 5,400,000 volume is roughly a months worth of XXII volume in one. But I have a gut feeling that we may not see the same resistance on XXII. IMO, The manipulation of late on XXII was intended to keep it trading in a range so shorts in cover via the morning drop and cover method. Something spooked them and caused them to go the scorched earth tactic.
These guys effectively did a low key reinforcement of the "attack article" by re-stating it. God Bless america and damn it at the same time for allowing such hooey to coninue on XXII and other co.'s This Hedge Fund uses loop holes in regulations to attack indiscriminately. For fair play, lets repeat post the reply by XXII Mngt. in full below
22nd Century Group Comments on Misleading and Inaccurate Article
2014-08-27 15:20 ET - News Release
Company Website: http://www.xxiicentury.com/exclusive-worldwide-patent-portfolio/
CLARENCE, N.Y. -- (Business Wire)
22nd Century Group, Inc. (NYSE MKT:XXII) noted there was unusual trading volume today in its common stock. The activity appears to be related to an inaccurate article published today by a short seller of the Company’s stock recommending that stockholders sell 22nd Century Group stock.
The author disclosed on the front page that he is “short” the Company’s stock, meaning that the short seller author stands to realize significant profit in the event that the share price of 22nd Century declines.
Although 22nd Century does not normally respond to false information written about the Company, 22nd Century Group management believes the degree of false information contained in the subject article warranted a Company response.
22nd Century strongly disagrees with the article’s incorrect assumptions and false conclusions. Although the misleading and inaccurate statements are too numerous to address, the following are a few examples:
1.“They have quadrupled the stock's share count to roughly 59 million.” In fact, 22nd Century Group went public in January 2011 with approximately 27 million shares. Currently the Company has approximately 59 million shares outstanding, not the 108 million alleged by the author.
2.The author asserts that 22nd Century is in default of a license agreement with a major university. This is patently false. Further, just today, 22nd Century signed a new license agreement with the same university that the author falsely alleges that the Company is in default with.
3.Contrary to the author’s assertions regarding stock promotion and sales, officers and insiders have never engaged in stock promotion and have made minimal sales of 22nd Century Group common stock; in fact, management and insiders retain more than 95% of their Company common stock. Collectively, officers of the Company directly and beneficially own approximately 28% of the total outstanding shares.
4. Contrary to the author’s assertions, 22nd Century has never abandoned any of its products. The Company is continuing its efforts to develop X-22, a cigarette intended for use as a prescription smoking cessation aid, and has an active investigational new drug application with the FDA. Various independent clinical studies continue to validate the efficacy of the Company’s products for harm reduction and smoking cessation.
Henry Sicignano III, the Company’s President, explained, “22nd Century’s commercial prospects have never been stronger. MSA authorization is imminent. Hundreds of tobacco retailers have expressed interest in carrying the Company’s super-premium RED SUN® brand. The Company is launching MAGIC ZERO at the Dortmund (Germany) International Tobacco Fair in September. And, as previously announced, the Company is exploring important joint venture opportunities in Asia.”
“The 22nd Century management team operates our Company with the absolute highest integrity,” said Joseph Pandolfino, Founder and Chief Executive Officer. “I have devoted the last 15 years of my life and essentially my entire net worth to 22nd Century. The issue I had with the SEC 23 years ago, when I was a kid in college, has given me the highest sense of awareness for securities laws and regulations. I would hope that the SEC investigates the author of the disparaging article on 22nd Century and other ‘short and distort’ authors. It is unfortunate that malicious articles by short sellers dupe and scare investors into selling.”
For additional information, please visit: www.xxiicentury.com
About 22nd Century Group, Inc.
22nd Century is a plant biotechnology company whose proprietary technology allows for the levels of nicotine and other nicotinic alkaloids (e.g., nornicotine, anatabine and anabasine) in the tobacco plant to be decreased or increased through genetic engineering and plant breeding. 22nd Century owns or is the exclusive licensee of 129 issued patents in 78 countries plus an additional 44 pending patent applications. Goodrich Tobacco Company, LLC and Hercules Pharmaceuticals, LLC are wholly-owned subsidiaries of 22nd Century. Goodrich Tobacco is focused on commercial tobacco products and potential less harmful cigarettes. Hercules Pharmaceuticals is focused on X-22, a prescription smoking cessation aid in development.
Cautionary Note Regarding Forward-Looking Statements:This press release contains forward-looking information, including all statements that are not statements of historical fact regarding the intent, belief or current expectations of 22nd Century Group, Inc., its directors or its officers with respect to the contents of this press release. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend” and similar expressions and variations thereof are intended to identify forward-looking statements. We cannot guarantee future results, levels of activity or performance. You should not place undue reliance on these forward-looking statements, which speak only as of the date that they were made. These cautionary statements should be considered with any written or oral forward-looking statements that we may issue in the future. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to reflect actual results, later events or circumstances, or to reflect the occurrence of unanticipated events. You should carefully review and consider the various disclosures made by us in our annual report on Form 10-K for the fiscal year ended December 31, 2013, filed on January 30, 2014, including the section entitled “Risk Factors,” and our other reports filed with the U.S. Securities and Exchange Commission which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected.
Contacts:
Redington, Inc.
Tom Redington, 203-222-7399
Source: 22nd Century Group, Inc.
© 2014 Canjex Publishing Ltd. All rights reserved.
XXII is listed on NYSE alone Atlanta1.
You are thinking of the other co. followed by HTFBSN which is listed on NASDAQ.
Indeed Strut you are correct. Also correct is Arbitrary & Capricious who wags his finger at XXII Mngt for not geting their act together and completing tasks in amore timely fashin than they have over the last while. I have updated my last post before this.
The old adage sadly rings true that people perceive that "no news is bad news" and therefore Mngt unless there is a black out, should make a point whenever possible to provide narrative giving us longs more guidance re ongoing corporate efforts.
People feeling they are in the dark are more likely to put in stop Loss Orders.
Mark my word, the short interest on this stock may very well flatten to near zero in the coming days or weeks so we'll see as obviously that is the goal of a hit piece like tis via SA. Maj is a contributor to "THE STREET" so could this be their work? Ask yourself who prey-tell owns "THE STREET? Has a TV show - 3 guesses.
Short Covering was the goal of today's attack article. Sorry good people got hurt.
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
8/15/2014 2,600,131 291,853 8.909043
7/31/2014 2,700,804 264,561 10.208625
7/15/2014 3,223,612 495,920 6.500266
6/30/2014 2,355,125 937,487 2.512168
6/13/2014 2,045,034 628,462 3.254030
5/30/2014 1,430,694 601,700 2.377753
5/15/2014 1,352,952 340,318 3.975552
4/30/2014 1,435,921 420,094 3.418095
4/15/2014 1,313,699 681,670 1.927177
3/31/2014 1,177,843 1,404,014 1.000000
3/14/2014 414,334 674,983 1.000000
Read more: http://www.nasdaq.com/symbol/xxii/short-interest#ixzz3BcPIue1A
Well GEO Team's Mr. Maj with his limo and flag football credentials must be smarter than the respective due dilligence teams at British Tobacco and the NYSE. Not!
There certainly seems to be a relationship with Markets Edge Hedge Fund who could be a bona fide market shorter so maybe Maj chatted them up while giving them a ride in one of his limos or he is Markets Edge? Perhaps the limo service is a great way besides SA to disseminate his likely many reports before today? Unless we see his other contributions that may be connected to "THE STREET".
Given the Pennsylvania 484 area code and those top notch credentials of his, somebody was obviously impressed to help get that report up on SA. So who owns "THE STREET" as Maj looks to be a contributor to "THE STREET", Can somebody else please check? Wonder if "Maj" had ever heard of SA before becoming a contributor to "THE STREET"? Perhaps we have to dig deeper.
My main thesis reverts back to why should any of us have any faith in British Tobacco, who stepped up with some $7M and of course the NYSE do they really do Due Diligence reviewing historical and current issues like those brought up by the "Maj"?
Can somebody put his picture up so we know who he is? Give us a visual of this limo king, flag footballing master, Markets Edge Hedge fund extraordinaire. Doing more DD.
P.S. Stop Loss Orders should always have a min limit to avoid getting stopped out by gapping or whip saws in a market. Sorry for those whose broker didn't explain the importance of a base limit and nhow it can protect from such an event like todays ever happening.
British Tobacco would not step up and contract with XXII if they didn't have something special.
Also ask yourself why the NYSE would allow them to even graduate their listing w/out having been put thru gruelling DD with a fine tooth comb.
This was another example of a very organized effort by shorts to trigger Stop Losses to cover as they're worried about pending positive news from XXII.
When you look at the bottom of the last news release, around the footnotes and disclaimer, looking for it again, it basically says that Century 22 expect to have MSA in a few weeks so to me that means 3-6 weeks. We're approaching D Day and I suspect that no way possible that the corp lawyer would have allowed that into the bottom of the NR if it wasn't assured of happening.
Hemce a well orchestrated depserate measure executed by desperate people who have no scruples whatsoever to take whatever means to trigger Stop Loss Orders that usually the inexperienced forget or don't know how to put in lower price limits should their stock gap down too quickly.
Doubters seriously, give your heads a shake that others working with XXII besides British Tobacco, also have not done their pre-requisite homoework before working with XXII and handing over $$$ in agreements going fwd.
We just witnessed again another disgusting display of manipulation by those who know the system and willing to commence smear tactics via an offshore domain. IMHO
Do your Own DD
Appreciate such articles being posted, very educational. don't take for granted that they know all this, hope they do though!
cheers
Make sure you let them know t by askin gif this is an area they're lookig into. don't assume they know everything I always say.
thx for interesting commentary as always. Nice to learn stuff
TA chart looks great. good luck all longs
ITs like we went thru the front door of the NASDAQ House but somone refuses to hand over th ekeys to the old house and for some stupid reason feels thereis a benefit to havng both? Th eold TSXv House being a beaten old shack to use to remeber where Sphere came from. Good grief get over that sentiment as I said in my post earlier."OPEN LETTER ..."
What happened to July indeed?
going all conservativwe now with Q4?
Are we calendar quarters and yr end?
It's called an iceberg for obvious reasons or show 2000 max at a time is what I have been told. So you're a seller now? Wow I take heart at all your intelligent posts that have helped me learn about the co.?
Not at all. no alienation with Cdns.TSXv is a mickey mouse exchange and NASDAQ only lends huge credibility that likes with tech stocks listed on TSXv. Name a couple of others and see how they're doing. Cdns don't usually invest in tech not their cup of tea hence time for TSX v done.
Also CDNS are allowed to hold NASDAQ stocks in their IRA equiv. called and RRSP.
Cdns getting a currency win too with Xchg.
Just will hate the US FACTA LAw reporting for Cdns hlding in excess of $50,000 USD worth of securities, real estate what have you.
OPEN LETTER TO SPHERE 3D MANAGEMENT & BOARD & SHAREHOLDERS
(PLS NOTE I REPEAT YSELF FOR EMPHASIS BELOW SO THE MSSG IS CRYSTAL CLEAR T THE BOD & MNGT of ANY)
The TSXv is not the exchange that "ANY" should wish to be associated with any longer. It is primarily a junior resource stock exchange and the TSXv Agent likely assigned to Sphere's File probably has a good chance at having little or no practical knowledge of the tech sector or its nuances like their understanding of mining, oil, gas exploration stocks. forget about expertise amongst differences of one tech sector vs. another.
A CDN Securities Industry participant believes the agent assigned to Sphere knows everything on geology, mining or O&G background, but can't light a cnadle to NASDAQ Agent assigned to Sphere. Tech depth of knowledge is way down the list as a job pre-requisite on the TSXv vs. extensive depth of knowledge demanded by NASDAQ.
So if we all can agree that the TSXv doesn't light a candle to matching expertise of NASDAQ's in house agents assigned to various tech issuers then why are we hanging on to the co-TSXv listing? Anybody privately ask Sphere Mucky mucks the logic? Is it national pride, some feeble patriotism or is it uninformed sense of loyalty to a TSXv asking Sphere to not delist?
NASDAQ is the world's leading technology exchange so turn the page on Chapter 1 and ensure Sphere 3D and its shareholders a better start than we currently have with chapter 2. Why try and be all things to all people by remaining on the TSX v as it is now irrelevant. Why a potential misplaced sense of loyalty. You paid your bills, they gave you no breaks, they are part of "a for profit company called the TMX". Time to move along.
Cut the umbilical cord and meet your destiny. To quote Dorothy from the Wizard of Oz "We're not in Kansas anymore Toto". Hence why I too believe that Sphere is overdue cutting the umbilical cord for all the right reasons. Not just because of naked shorting which a fella with over 20 +yrs direct Cdn experience says can and does occur.
CDA has a kazillion Provincial Stock Exchange Commissions, every province pretty well, that do not co-ordinate well together, too many cooks in the kitchen. And we thought the SEC was inefficient? Without a central governing body up in CDA how does the right hand keep up with what the left hand? Very poorly! Hey ask yourself where do all those big offers that get posted "more than occasionally" come from? Either you're a shareholder trying to sell who doesn't have a clue how to do it without shooting him/herself in the foot or you are a person intentionally trying to drop the share price down.
So...I say NASDAQ only, embrace the future...("the umbilical cord with the TSXv is now rotting and causing serious share price health problems"). Laughable to compare the two xchgs. IF Sphere 3D is all grown up then hurry up and get on with your future which is now.
=======
10 bets that no one is doing dick or squat with shorts which is most disappointing.
That there needs to be a 2-3 proce for brokerage firm and casualty cklowns bokers talking to interested potentiaol investors vs seasoned unprofesssionals lime
Worth everyone reading this info and clickingon th elinks.Keep the faith. Recently bot between $2.50,$2.68, and $3.00
I am not strong enough to keep it over $3 so everyone lets get in there! hahaha
TTommy
Check barcharts,stockwatch, etc...
it sure seems that the chart is very bullish now as MACD Histogram is about to go positive for the 1st time since Russell 2000 Inclusion Buying which took the stock back to a high of $3.65 on lots of volume but MSA didn’t follow through as hoped so it fell to recent $2.30 low of late. And now the XXII price rally reveals good stock charts, RSI, MACD Histogram and even better for TA followers is that the share price has risen to hit the $2.72 – 2.75 range where the 50, 100, 200 DAY Exponential Moving Average (MA) all intersect. Showing a technical price break out which is an extremely bullish signal for tech. chart followers. The only other time we have seen this is the time period leadng up to the NYSEListing. Anybody else agree?
And the institutions are coming on board per member posts below
"Jockinmikeg Member Level
Saturday, 08/09/14 03:19:34 PM
Re: None
Post # of 14373
Nice to see big names like AIG, Barclay's, Schwab, and Blackrock getting their feet wet with $XXII:
http://www.nasdaq.com/symbol/xxii/institutional-holdings
Some new positions have been reported for Q2. MSN Money also reports new positions opened by Vanguard and Fidelity."
http://investing.money.msn.com/investments/institutional-ownership?symbol=xxii
Technical analysis is extremely positive looking and coincides exactly with what we saw leading up to NYSE Listing and Russell 2000 Index Inclusion. Stock has been under accumulation smartly and looking at MACD histogram, 50-100-200MA your analysis is correct 100% from what I see. Very encouraging.
Bid -sitters hoping someone out there has a block to sell and advertising the opportunity for a large seller to go ahead and do their thng. My take is that all th eoverhand that there ever was is gone and that long time "dirt-sheet"? subscribers who wished to sell are long gone and we have up to 30+ institutional holders who may now be taking a harder look at the co. that they had to buy when XXII came up for Russell Index Inclusion. been a great opportunity for buyers to increase size looking at volumes.
I own 10,000 in my RRSP at $2.89? or so and am filling in paperwork allowing US content n my RRSP Acct @ my brokerage firm. I am going long term for a M&A Event. The other acct we bought as high as $9.40. In sheldon I trust.
Always enjoy your posts. Usually bang on. I like that Pinetree's Sheldon I. indeed demonstrates that he is not worried given his ongoing insider buying activity. If that doesn't clinch it for non believers then nothing will.
$15 to $20 range withing 6 mos, 12 mos or higher? we shall see soon enough. I suspect there will be a flurry of research Reports awaiting final bits re completing ANY-OVRL merger. I suspect day to day business continues meanwhile via client customer meetings and analysts getting up to speed meanwhile.
Day to day business matters come first as lawyers, bureaucrats for NASDAQ and TSXv call the ball re regulatory matters finishing off presently.
Gotta focus on wht you can push down the pipeline and keep hearing that Mngt, employeees busy on the day to day as they should. Sphere 3D will prove that they are accomplishing what lots of naysayers yet to be spanked, say they cannot accomplish.
good luck fellow longs.
TSXv doesn't or didn't allow ANY to put out news on the chromebooks or anythng previously like from the Orlando Medical Trade Show without huge time delays IMHO and others. A reliable source said I should expect that until the school district takes delivery of the Chromebooks the TSXv will not allow a news release given their stringent lame and stupid rules geared for their penny minng issuers vs. tech companies. So suspicion is we'll have to wait until the school districts kids being back in school and delivery of chromebooks commence.
Such stringent rules she figures have been tying ANY's hands even back to the Medical Conference in Orlando but that will change once meger done and Sphere can initiate NRs via NASDAQ and ultimately delist from the mining oriented TSXv. There may be a Russeell 2000 type scenario courtesy of the CDN side once OVRL-ANY merger completes so a little more patience I suspect for lets hope what has been a short period of frustration.
Keep the faith and read while we wait. What's all the V-3 tripe all about? I look fwd to when ANY can delist from the TSXv and focus on NASDAQ Rules only. Our TSXv agent assigned to ANY's file on the TSXv could be some geologist turned analyst who knows nothing about tech. and wets himself everytime ANY has news as the TSXv is not set up to handle the fast evoling evolution of ANY. Too much resource expertise at the TSXv and little or none on the Tech side no doubt.
Just my opinion and believe in the wisdom imparted on me the TSXv 's snail's pace on news.
Where is the refence to GLASSWARE? I must be blind appreciateif soone would re-post GLASSWARE connection.
thx in advance