MI3 Financial Communications Inc.

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MI3 is a Montreal-based new-age financial communications company geared for today’s fast-paced global economy. MI3’s services were developed to leverage the trading and market experience of our bilingual team to provide public relations, market-making activities and investor relations to Canadian...

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MI3 Financial Communications Inc.

publicPublicGroup

MI3 is a Montreal-based new-age financial communications company geared for today’s fast-paced global economy. MI3’s ......

people19 Members       (0)

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8020 Admin

4 hours ago

8020 Admin posted a press release MGX Minerals Forms Strategic Alliance with DST Co., Ltd. to Develop Vertically Integrated Vanadium Redox Mining and Manufacturing Partnership in MI3 FINANCIAL COMMUNICATIONS INC.

VANCOUVER, BC / ACCESSWIRE / September 20, 2019 / MGX Minerals Inc. ("MGX" or the "Company") (CSE:XMG)(FKT:1MG)(OTCQB:MGXMF) is pleased to announce it has entered into a Letter of Intent (the "LOI") with DST Co., Ltd. ("DST") to create a joint venture as part of the formation of a vertically integrated vanadium redox battery supplier. The objective of the partnership is to advance a sedimentary-bearing vanadium deposit located in South Korea and develop a manufacturing facility for vanadium redox flow batteries and energy storage systems.


Additionally, the Company and DST have agreed to identify sites in the state of New York suitable to build a manufacturing facility that will produce vanadium batteries. DST will provide proprietary battery technology and build a manufacturing facility while MGX will manage sales and marketing of end products throughout North America.



Qualified Person


Andris Kikauka (P. Geo.), Vice President of Exploration for MGX Minerals, has prepared, reviewed and approved the scientific and technical information in this press release. Mr. Kikauka is a non-independent Qualified Person within the meaning of National Instrument 43-101 Standards.


About DST Co. Ltd.


DST Co., Ltd. is a publicly traded company listed on the KOSDAQ in South Korea. It engages in the development and distribution of mineral resources. It operates through the following businesses: Resource Development, Machines, and Others. Its products and services include molybdenum, foods, conditioning equipment for automobiles, rental services, and others. The company was founded on May 11, 1995 and is headquartered in Changwon-si, South Korea. For more information visit www.ds-t.co.kr.


About MGX Minerals Inc.


MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Contact Information


Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements


This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com


SOURCE: MGX Minerals Inc.


View source version on accesswire.com:
https://www.accesswire.com/560373/MGX-Minerals-Forms-Strategic-Alliance-with-DST-Co-Ltd-to-Develop-Vertically-Integrated-Vanadium-Redox-Mining-and-Manufacturing-Partnership

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8020 Admin

14 hours ago

8020 Admin posted a press release Azimut Confirms Surface Gold Discovery on the Elmer Property, James Bay Region, Quebec in MI3 FINANCIAL COMMUNICATIONS INC.





Symbol: AZM.TSX Venture

LONGUEUIL, QC, Sept. 19, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce that substantial outcropping gold mineralization has been discovered at the Patwon Prospect on the Company's wholly-owned Elmer Property (the "Property") in the James Bay region of Québec. A total of 473 channel and grab samples were collected during the summer field program on the Property, including 281 at Patwon. Initial results were reported on July 16, 2019. The next exploration phase, which entails mechanized stripping and a maiden diamond drilling program, will take place in the fall.


HIGHLIGHTS (Figures 1 to 5)



  • At the Patwon Prospect, 191 channel samples (total length of 178.94 m) and 90 grab samples were collected from an area about 220 metres long by 100 metres wide. Sampling from this same area in 2018 produced 14 channel samples (total length of 6.18 m) and 17 grab samples.

  • Significant gold results were found across the whole area. All results from 2019 and 2018 are shown in Figures 4 and 5.

  • The best channel results are as follows:


    • Elm18-001 5.61 g/t Au over 0.59 m

    • Elm18-002 2.90 g/t Au over 3.52 m

    • Elm-2, 2' 1.38 g/t Au over 1.96 m

    • Elm-3 3.61 g/t Au over 1.56 m

    • Elm-4 6.47 g/t Au over 1.96 m

    • Elm-5 1.28 g/t Au over 0.98 m

    • Elm-6 2.16 g/t Au over 2.98 m

    • Elm-09 22.1 g/t Au over 2.95 m

    • Elm-10 36.3 g/t Au over 2.0 m

    • Elm-11 9.52 g/t Au over 7.1 m

    • Elm-12, 12' 1.14 g/t Au over 3.59 m

    • Elm-12'''' 22.54 g/t Au over 1.63 m

    • Elm-19 1.88 g/t Au over 1.0 m

    • Elm-33 3.33 g/t Au over 8.0 m incl. 5.33 g/t Au over 4.0 m

    • Elm-38 2.03 g/t Au over 1.39 m

    • Elm-40 24.36 g/t Au over 0.92 m
      In addition, a channel sample located 250 m SW from Patwon returned 25.2 g/t Au over 1.0 m.


  • Grab sample grades can be grouped as follows:


    • 14 samples with grades above 5.0 g/t Au, including:
      54.6 g/t Au, 25.6 g/t Au, 20.7 g/t Au, 11.65 g/t Au, 11.1 g/t Au, 9.84 g/t Au, 9.8 g/t Au, 9.24 g/t Au, 9.01 g/t Au, 8.98 g/t Au, 8.44 g/t Au, 7.12 g/t Au, and 5.61 g/t Au

    • 54 samples with grades ranging from 1.0 g/t to 5.0 g/t Au

    • 31 samples with grades ranging from 0.5 g/t Au to 1.0 g/t Au

    • Several veins located in the northwestern part of the prospect have higher silver values, up to 331 g/t Ag.


  • Mineralized facies correspond to a centimetric to metric network of quartz veins with strongly chloritized and carbonatized wall rocks containing 1% to 10% disseminated pyrite. A mafic intrusion cut by felsic to intermediate dykes constitutes the main host rock.

  • Four types of mineralized quartz veins have been identified:


    • Extensional veins, oriented NW-SE (Photo 1), oblique to the NE-SW schistosity; several extensional veins have a Z-fold shape;

    • Shear veins subparallel to schistosity;

    • Quartz stockwork mainly associated with felsic to intermediate dykes (Photo 2); and

    • Veins and/or mineralized wall rock at the contact between the felsic dykes and the mafic host lithologies (Photos 3 and 4).


  • The current field program points toward a sizeable target that remains open in most directions. The preliminary geometric model suggests a series of subparallel extensional veins contained within an interpreted mineralized envelope, 30 to 50 metres wide and roughly conformable to the NE-SW schistosity direction (see Figure 5).

  • The Patwon Prospect is part of a newly interpreted 7-kilometre-long high-grade trend that includes four other prospects: Gabbro Zone (up to 77.8 g/t Au, 167.0 g/t Ag), Gold Zone (up to 102.5 g/t Au), Patwon East (up to 2.2 g/t Au) and East Zone (up to 6.3 g/t Au) (see Figures 2 and 3). Historical prospecting along this trend has been sporadic and limited. The encouraging results from the Patwon Prospect this summer warrant further exploration along this trend.


The Elmer Property comprises 276 claims covering 145.4 km2 over a 22-kilometre strike length. It was acquired by map designation in 2018 (see press releases of September 13, 2018, November 20, 2018 and June 13, 2019). The Property is located 285 kilometres north of Matagami, 60 kilometres east of the municipality of Eastmain, and 40 kilometres west of the James Bay Road. The region benefits from quality infrastructure that includes major access roads, a hydro-power grid and airports.


Channel and grab sample positions were recorded with a high-precision GPS. The channels were cut generally perpendicular to vein strike. Grab samples are selective by nature and unlikely to represent average grades.


This press release was prepared by Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101.


About Azimut


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 53.3 million shares outstanding.


Azimut holds the largest mineral exploration portfolio in Quebec. The Company's edge against exploration risk is founded on systematic regional-scale data analysis and multiple concurrently active projects. This includes two regional strategic alliances with SOQUEM for six (6) gold properties in the James Bay region and three (3) major gold-copper properties in the Nunavik region.


www.azimut-exploration.com 


SOURCE Azimut Exploration Inc.


View original content: http://www.newswire.ca/en/releases/archive/September2019/19/c9603.html



Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015 - Fax: (450) 646-3045, info@azimut-exploration.com

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8020 Admin

14 hours ago

8020 Admin posted a press release Ellis Martin Report: Interview with Victor Cantore from Amex Exploration (TSXV:AMX) in MI3 FINANCIAL COMMUNICATIONS INC.

Malibu, CA, United States (ABN Newswire) - Join Ellis Martin for a conversation with Victor Cantore, the President and CEO for AMEX Exploration (CVE:AMX)(OTCMKTS:AMXEF). AMEX Exploration is exploring its 100% owned Perron Gold Project in Quebec, Canada featuring super high-grade intersects.

AMEX, during their 2018/2019 drilling program has returned multiple super high grade gold intersects. Visible gold has been intersected in virtually every hole of the High Grade Zone exploration program. Listen to the latest interview for very recent high grade drill results.

To view the Interview, please visit:
https://www.abnnewswire.net/press/en/99135/amx  


About Amex Exploration Inc:

Amex Exploration Inc. (CVE:AMX) (OTCMKTS:AMXEF) is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions on Quebec and Ontario. Amex has multiple highly prospective projects: the 100% owned Perron gold project located 110 kilometers north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4,518 hectares; the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares and the 100% owned Cameron project located in Lebel-sur-Quevillon, Quebec, comprising 263 claims covering 14,743 hectares. In addition, Amex has an option agreement to acquire a 100% interest in the Gowan Property located near the Kidd Creek Mine.

About The Ellis Martin Report:

The Ellis Martin Report (TEMR) is an internet based radio program showcasing potentially undervalued companies to an audience of potential retail investors and fund managers that comprise our listening audience. TEMR is broadcasted on the VoiceAmerica Business Channel and The Opportunity Radio Network. CEO and company interviews are paid for by those represented on the program.


Source:

Amex Exploration Inc
The Ellis Martin Report


Contact:


Victor Cantore

President and Chief Executive Officer
Amex Exploration: 514-866-8209
www.amexexploration.com

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8020 Admin

1 day ago

8020 Admin posted a press release Relevium Announces Intention to Spin-Out Pediatric Cannabis Subsidiary Biocannabix in MI3 FINANCIAL COMMUNICATIONS INC.


MONTREAL, Sept. 19, 2019 (GLOBE NEWSWIRE) -- Relevium Technologies Inc. (TSX.V: “RLV”, OTCQB: “RLLVF” and Frankfurt: “6BX”) (the “Company” or “Relevium”), announces its intention to create a new, publicly-traded company through a spin-out of its pediatric, medical cannabis subsidiary, Biocannabix Health Corporation (“Biocannabix”).  


STRATEGIC CONSIDERATIONS FOR MANAGEMENT
Management, the board of directors and its advisors are pleased to announce the Company’s intention to create additional value for its shareholders through a potential spin-off of its medical cannabis business, thus creating an independent, publicly-traded and vertically-integrated biopharma business focused on paediatric endomedicine with expected dividends for shareholders.


The Company currently operates in two segments:



  1. CPG (Consumer Packaged Goods): Through its US based business, BGX E-Health LLC, the Company generates revenues from direct-to-consumer sales of health and wellness products through a portfolio of trusted brands. This subsidiary seeks to leverage the high-growth hemp CBD market in the US through each brand and market segment.
     

  2. Paediatric Biopharma: Through its Canadian based business, Biocannabix, the Company is highly focused on the development of paediatric endomedical (cannabinoid) formulations with a strong operational footprint in Canada (sales, import/export and research), Colombia (cultivation, extraction and clinical development) and Germany (Licensing and Distribution).


Management, the board and its advisors are evaluating the possibility of a spinout to unlock value through two separate vertically integrated businesses, each of which requires a different skill set and resources. “From a strategic point of view, operating two separate businesses with two different management teams creates focus, which translates into better alignment of stakeholder expectations and execution” stated Aurelio Useche, CEO of Relevium Technologies.


The final decision to spinout Biocannabix is subject to the approval of the board of directors, the exchange and the shareholders of the Company.      


SPIN-OUT TO UNLOCK EMBEDDED VALUE IN BIOCANNABIX
Management, the board and corporate advisors are carefully considering the creation of a new publicly- traded corporation through a spinout in order to unlock the value of the embedded business, which has significantly different drives for growth and value creation.


The proposed spinout allows Biocannabix to raise its own capital through the capital markets to fund its development and future growth, allowing both companies to focus on their core operations, better allocation of resources and allowing the market to assign greater valuation to the individual components.


UNIQUE OPPORTUNITY IN MEDICAL CANNABIS THROUGH INTEGRATED BIOPHARMA
The focus of Biocannabix is on the development of phyto-derived and synthetic drugs for specific pediatric conditions. The company has developed a full scientific ecosystem from genetics, scientific partnerships and clinical research between Canada and Colombia. Additionally, the company has cultivation and extraction operations in Colombia, which is intended to provide positive cash flows in the short term thus supporting the medium and long-term development of natural and pharma products.


STRATEGIC POSITIONING IN COLOMBIA AND LATAM THROUGH LIFELINE PHARMA SAS
On June 12, 2019, the Company announced a binding transaction to acquire Lifeline Pharma SAS (“Lifeline”), a cultivation and extraction company located in Cali, Colombia. The 25-hectare project includes an initial commercial pilot of 5 hectares and full development into 25 hectares with the option to add an additional 60 hectares. The initial 5 hectares includes local offices, a laboratory, a fully enclosed greenhouse for tissue culture and micropropagation and an initial cultivation of over 200,000 square feet in green houses. The acquisition includes three licences (1) extraction and manufacturing, (2) cultivation with THC and (3) non-psychoactive cultivation, all with scientific research, domestic sales and export modalities. The Company will gain low-cost infrastructure, which will allow for an estimated full capacity of 170,000 kg per year with an initial estimated cost of production $0.53 per gram.


Lifeline is a privately owned vertically-integrated, agro-pharma business dedicated to scientific research, growth, extraction, production and export of medicinal grade cannabis derivatives. Lifeline leverages 150 years of organic agriculture located in Rozo, Valle del Cauca, in the heart of the sugar cane enclave, only 7 minutes away from the international airport and 10 minutes away from Cali, the third largest city in the country.


The addition of Lifeline to the Company positions Biocannabix at the center of a developing cannabis market and at the forefront of a scientific and clinical ecosystem with access to a rapidly developing legal context in Latin America.


CANADIAN OPERATIONS AND LICENSING


Sales and Research licensing through the acquisition of Weedsense Inc.
On June 5, 2019, the Company announced it had signed an LOI to acquire Weedsense Inc. (“Weedsense”), a late stage applicant for a standard processing, import/export and medical sales license with Health Canada.


Weedsense is pursuing a wholesale and distribution business model that fills a gap in the Canadian cannabis supply chain. Additionally, it will provide Biocannabix with the ability to market and distribute CannakidsTM unique pediatric formulations exclusively throughout Canada. Weedsense’s business model includes the direct distribution of wholesale and bulk products from licensed producers or processors to medical patients through a network of pharmacies and clinics. Weedsense will also service the recreational market by acting as a distributor to provincially-sanctioned wholesalers such as the Ontario Cannabis Store (OCS) or Société Québécoise du Cannabis (SQDC).


Exclusive Sales and Distribution of Pediatric Cannakids TM  
On May 30, 2019 the Company acquired the exclusive licence from California-based, medical cannabis leader Cannakids TM. The exclusive license includes intellectual property, formulations, SOPs and patient data for pediatric applications, to be leveraged for the development of the Canadian market.


Cannakids TM is a pioneer in pediatric, cannabinoid extracts with thousands of patients over the past 4 years. Using nurse-guided assistance, the brand has been synonymous with some of the most recognized patient success stories in the world. Catering to patients of all ages, Cannakids employs medical experts with dosing expertise that span across hundreds of ailments. The company has indication-specific formulations backed by anecdotal and in-house patient data.


About Relevium Technologies
Relevium is a publicly traded company that operates in the health and wellness industry, including legal cannabis, with a primary focus on online distribution. The principal business of the Company is the identification, evaluation, acquisition and operation of brands and businesses in the health and wellness markets and medical cannabis. The Company pursues its business strategy through an acquisition and partnership model in a holistic approach to encompass a wide range of health and wellness consumer products. Relevium operates through two wholly owned subsidiaries:


BGX E-Health LLC (BGX), based in Orlando, Florida, markets dietary supplements, nutraceuticals, sports nutrition and cosmeceuticals primarily through its Bioganix® brand portfolio in the US and Europe. Relevium’s premium brands are sold at some of the world’s largest retailers including Walmart.com and Amazon.com.


Biocannabix Health Corporation (BCX), based in Montreal, Quebec, is a biopharma nutraceutical company focused on delivering pediatric endo-medicinal nutraceuticals for cannabinoid therapy.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Cautionary Note Regarding Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian and United States securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, are forward-looking statements and contain forward-looking information. Generally, forward- looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", or "would" occur. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information.


Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek to rely on the applicable safe harbor.


On Behalf of the Board of Directors


RELEVIUM TECHNOLOGIES INC.


Aurelio Useche
President and CEO


For more information about this press release:
Tel: +1.888.528.8687
RELEVIUM TECHNOLOGIES INC
Email: investors@releviumcorp.com
Website: www.releviumtechnologies.com
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8020 Admin

1 day ago

8020 Admin posted a press release Imperial Retains CHF Capital Markets to Provide Investor Relations Services in MI3 FINANCIAL COMMUNICATIONS INC.


MONTREAL, Sept. 19, 2019 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG) is pleased to announce that it has retained CHF Capital Markets (“CHF”) to provide investor relations services under a 12 month contract effective immediately and ending Sept. 12, 2020. Thereafter, the contract may be extended month to month with a two months cancellation notice. The services will include support for investment community outreach, corporate communications, branding and social and digital marketing as well as arranging investor meetings.


Under the terms of the agreement, which is subject to TSX Venture Exchange approval, CHF will receive $6,000 per month in fees and will be granted an incentive stock option to purchase 350,000 shares priced in the context of the market on the date of has grant. Company options vest quarterly over twelve months and have a five-year term. Upon termination of the services agreement, any unexercised options will expire after 30 days, as required under TSXV policy.


“We are advancing our two key projects - the Opawica gold project and the Crater Lake scandium-rare earth project in prolific mining regions of Quebec,” said Imperial’s President and CEO, Peter Cashin. “Now is an ideal time to engage Cathy Hume and the well-regarded CHF team to introduce our story to an extensive audience of mining-savvy professionals through face-to-face meetings and digital platforms. Our project activities should allow for continuous news flow throughout the year. We look forward to working with Cathy and her team to enhance Imperial’s investor profile and to communicate the significant investment opportunities that Imperial Mining offers.”


Imperial intends to focus on its two most advanced 100%-owned mineral properties: Opawica Gold and the Crater Lake scandium-rare earth projects in Quebec. The Opawica gold property is in the prolific Bachelor Lake-Windfall Lake region, lying within major regional deformation corridors that host several gold occurrences and some former gold producers, including the Joe Mann mine, the Bachelor Lake mine and Osisko’s advanced Windfall Lake project. Historical drilling from the Central Zone returned up to 6.9 g/t gold (Au) over 3.8 m and 87.7 g/t Au over 1.5 m. The Crater Lake Project is located 200km northeast of Schefferville, Québec consisting of 57 contiguous claims covering 27.8km2. Winter drilling program reported impressive grade of 95.5 m grading 314 g/t scandium oxide (Sc2O3), including 16.3 m grading 353 g/t Sc2O3 and 113.9 m grading 310 g/t Sc2O3, including 354 g/t Sc2O3 over 12.0 m.


ABOUT IMPERIAL MINING GROUP LTD.


Imperial is a Canadian mineral exploration and development company focused on the advancement of its copper-zinc, gold and technology metals properties in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.


Visit our website for more information: https://imperialmgp.com/


For further information, please contact:


Peter J. Cashin, President & CEO  
Phone: +1 (514) 360-0571
Email: info@imperialmgp.com


CHF Capital Markets
Cathy Hume, CEO
Phone: +1 (416) 868-1079 x231
Email: cathy@chfir.com


This press release may contain forward-looking statements relating to the Company’s operations or to its business environment. Such statements are based on the Company’s operations, estimates, forecasts, and projections, but are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or control. Several factors could cause actual outcomes and results to differ materially from those expressed. These factors include those set forth in the corporate filings. Although any such forward-looking statements are based upon what management believes to be reasonable assumptions, the Company cannot guarantee that actual results will be consistent with these forward-looking statements. In addition, the Company disclaims any intention or obligation to update or revise any forward-looking statements, for any reason. We also do not commit in any way to guarantee that we will continue reporting on items or issues that arise. Investors are cautioned that this press release contains quoted historical exploration results. These are derived from filed assessment reports and compiled from governmental databases. The Company and a QP have not independently verified and make no representations as to the accuracy of historical exploration results: these results should not be relied upon. Selected highlight results may not be indicative of average grades.


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.



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8020 Admin

1 day ago

8020 Admin posted a press release Beleave Announces Operational Updates and Q1 2019 Financials Release Date in MI3 FINANCIAL COMMUNICATIONS INC.

Toronto, Ontario--(Newsfile Corp. - September 19, 2019) - Beleave Inc. (CSE: BE) (OTCQX: BLEVF) ("Beleave" or the "Company") today provides an update to its shareholders and prospective investors regarding the sale of the Lloydminster retail location, the London cultivation facility leaseback, the release date of its Q1 2019 financials, and the potential merger with Terrafarma Inc.


Lloydminster Retail Sale Update


As previously disclosed on August 29, 2019, the Company is selling its retail location in Lloydminster, Saskatchewan. Beleave has agreed to sell the location for $2 Million CAD, and the Company is expecting to receive the funds within the next 30 days. The new owners will take possession of the store in mid-October will continue cannabis retail operations in the space.


London Facility Leaseback Update


As previously disclosed on August 29, 2019, the Company signed of a letter of intent on Tuesday, August 27, 2019, to negotiate with a private purchaser to sell the Company's London, Ontario cultivation facility. Beleave will lease back 50 percent of the property after the sale is finalized to continue using the facility for cannabis production.


Beleave will earn a total $7 Million CAD for the sale of the property, with an initial cash payment of $3 Million CAD to be paid once the deal is finalized. Discussions have been positive, and the Company anticipates announcing the closing of the agreement in the coming weeks.


Release of Q1 2019 Financials


Beleave will release its Q1 2019 financial statement by Monday, September 30, 2019. The Company made an extension request to the OSC to postpone the release of its Q1 2019 financial statements, originally due August 30, 2019, for the three months ended June 30, 2019. With the September 30, 2019 release date set for release, Beleave is meeting its revised deadline in accordance with the delay announcement on September 6, 2019.


Update on Terrfarma Merger LOI


The Company has completed discussions with Terrafarma Inc. ("Terrafarma") regarding the intent of both parties (the "Parties") to merge their respective businesses. After lengthy discussions, the Parties have agreed to not pursue a merger at this time.


Since August 7, 2019, both Parties were in discussions to merge and have Beleave acquire 100% of the issued and outstanding shares of Terrafarma Inc. such that the current shareholders of Terrafarma would become shareholders of Beleave, and Terrafarma would become a wholly owned subsidiary of the Company. The precise structure of the proposed transaction, and the general terms and conditions, were subject to further discussions among the Parties and both parties had agreed to an initial thirty-day discussion and analysis period, which was extended to allow for more time to conduct due diligence and to consult with securities specialists and other professional advisors.


"We appreciate the time and consideration of both parties during our discussions and we thank the Terrafarma team for their cooperation and work during that period," said Beleave CEO, Bill Panagiotakopoulos. "In the fast-paced cannabis market it can often be difficult to determine a static valuation for a private company, and Beleave has an unparalleled opportunity to be profitable in a mature cannabis marketplace while leveraging our research and new technology. We will continue to review options in the future that benefit our business objectives and our stakeholders."


Additional Updates


Beleave looks forward to providing further updates to the market on the above-mentioned developments as negotiations are finalized and further developments occur.


ABOUT BELEAVE INC.


Beleave is an ISO certified, Canadian cannabis company headquartered in the Greater Toronto Area that cultivates high-quality cannabis flower, oil and extracts for medical and recreational markets. Beleave is fully-licenced to cultivate and sell medical and recreational cannabis and is leading the way through research partnerships with universities to develop pharma-grade extracts and derivatives.


Beleave is developing new product lines, including cannabis-infused products, oils, vape pens, and other novel cannabis delivery methods for 2019. Beleave has developed a network of medical cannabis clinics in Ontario and Quebec under the Medi-Green banner. Through its majority ownership of Procannmed S.A.S., Beleave is fully licensed to cultivate, produce, and extract medical cannabis in Colombia positioning it to capitalize on exports and the expanding Latin American market. The Company has partnered with Canymed GmbH to supply the German market with medical cannabis.


 


Investor Relations Contact:
Kevin Keagan
Interim Chief Financial Officer
Phone: 1 (647) 449 - 7352
Email: kkeagan@beleave.com


 


Forward-Looking Statements


This news release contains "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). The use of any of the words "plan", "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and other similar words, or statements that certain events or conditions "may" or "will" occur are intended to identify forward-looking information. These statements are only predictions. Although the Company believes that the expectations and assumptions on which the forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. This information speaks only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents, which can be found under the Company's profile on www.sedar.com.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/47941

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8020 Admin

1 day ago

8020 Admin posted a press release RETRANSMISSION: High Grade Gold Intersected on Gratien Gold Zone at Perron With Results up to 16.48 g/t Au over 14.6 m Including 315.4 g/t Au over 0.5 m and 102.96 g/t Au over 0.7 m in MI3 FINANCIAL COMMUNICATIONS INC.

MONTREAL, Sept. 19, 2019 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to report the results of several drill holes on the Gratien Gold Zone (“Gratien”) on its Perron property in northwestern Quebec, Canada (see figures 1 and 2). A complete list of results is provided in table 1. Amex provides all drill data on its website at http://www.amexexploration.com/perron/drill-data-room/


In addition, the Company is very pleased to announce to date that it has completed approximately 27,000 metres during of its previously announced 25,000 metres 2019 drilling campaign. Amex plans to drill an additional 15,000 metres during 2019 for a planned total of 40,000 metres, using two drill rigs. This continued drilling will focus on expanding the Eastern Gold Zone (EGZ), the Gratien Gold Zone and the Grey Cat Zone, as well step-out exploration drilling along strike from the known mineralized showings. This additional drilling is fully funded from existing capital.


The Company initiated a drilling campaign on Gratien utilizing the same targeting methodology that was applied to identify the bonanza grades at the Eastern Gold Zone. The Gratien is located approximately 1.5 km from the EGZ and is a kilometer-long mineralized system comprised of several lenses of gold mineralization. All of the announced drill holes that intersected the Gratien zone are in close proximity to target depths, with high-grade gold intersects coming from the Main Gratien Zone as well as the Gratien Upper Zone, as shown in figures 2, 3, and Table 1.  



  • Hole PE-19-89 intersected 16.48 g/t Au over 14.60 m including a very high-grade core of 47.69 g/t Au over 4.95 m with individual intercepts of 315.40 g/t Au over 0.50 m and 102.96 g/t Au over 0.70 m at a vertical depth of ~145 m.

  • Hole PE-19-71 intersected 3.13 g/t Au over 12.80 m including 68.99 g/t Au over 0.50 m at a vertical depth of ~185 m.

  • Hole PE-19-72 intersected 29.21 g/t Au over 1.30 m including 75.56 g/t Au over 0.50 m at a vertical depth of ~85 m.

  • Hole PE-19-73 intersected 2.45 g/g Au over 15.20 m including 46.68 g/t Au over 0.50 m at a vertical depth of ~125 m.


Victor Cantore, CEO of Amex Exploration, commented, “Our Perron property, which is of district-scale potential, continues to return very high grade gold intercepts across the project. The results from the Gratien Zone indicate a very robust mineralized gold system. We look forward to continuing to define the potential of the known gold zones on the project, as well as regional exploration of undrilled structures to the east, west, and north of the known 2.4 km highly mineralized corridor. The Perron property hosts two faults each measuring 7 km which are dramatically underexplored. The exploration upside potential here is incredible.”


Table 1: Assay results from drill holes PEG-19-69, 71, 72, 73, 74, 75, 77 & 89 on Gratien


Read more here: https://quotemedia.com/portal/quote?qm_symbol=AMX%3ACA&qmodStoryID=7808183009908653 

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8020 Admin

1 day ago

8020 Admin posted a press release Dynacor Advances its Corporate Social Responsible Projects in Peru in MI3 FINANCIAL COMMUNICATIONS INC.


MONTREAL, Sept. 19, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (“Dynacor” or the “Corporation”) (TSX:DNG) (OTC:DNGDF) a leading ore purchasing and processing corporation servicing artisanal and small-scale miners (ASM) in Peru, today announced new advances to its corporate social responsible (CSR) projects under the PX Impact™ label.


Dynacor works to continuously improve the health and education of the ASM (artisanal small-scale miners) communities it serves. To date, Dynacor has funded via its PX Impact™ program USD 162K.


2019 To Date:



  • Miguel Grau school, Alto Molino, Rio Grande district, Condesuyos province, Arequipa region:

    • construction materials for the development of new classrooms;
       



  • Jardin de Amor school, La Aguadita, Chala district, Caraveli province, Arequipa region:

    • development of new green area garden to help in educating the children on environmentally responsible practices;        





  • Sagrado Corazon de Jesus school, northern Chala, Chala district, Caraveli province, Arequipa region:

    • construction materials for the roof of a new sports facility; new audiovisual equipment and warehouse;




  • Manuel Scorza school, Llacuabamba, Parcoy district, Pataz province, La Libertad region:

    • provided funding for classroom renovations, furnishings, and a complete set of 30 brand new desktop computers.




2018



  • Ricardo Palma school, Secocha, Ocona district, Camana province, Arequipa region:

    • development of two new computer and science labs, new bathrooms and a roof for sports facility. 




The PX Impact™ projects are financed from the sale of responsible gold under the PX Impact™ label in Europe. A growing number of supportive firms from the fine luxury jewellery, watchmakers and banking sectors have agreed to pay a small premium. These firms are incorporating the use of responsibly sourced traceable gold that is produced from ASMs. One hundred percent of the premiums paid are used in the projects. There are no administrative fees, and the two partners Dynacor/PX Precinox jointly assume the overhead.


This business to business approach in the gold supply chain is the first of its kind. It will significantly benefit the small-scale mining communities in Peru that supply the mineralized gold ore.


This responsible gold supply chain supports: 



  • The formalization process of the artisanal mining sector in Peru;
     

  • Better health, education and economic well-being for artisanal mining communities in Peru. 


ABOUT DYNACOR


Dynacor is a dividend paying gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through the processing of ore purchased from artisanal and small-scale miners (ASM). At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2018, Dynacor produced 81,314 ounces of gold, a yearly best and 1.8% increase as compared with 2017 (79,897 ounces).


Dynacor produces environmental and socially responsible gold through its ‘’PX Impact™’’ gold program. A growing number of supportive firms from the fine luxury jewelry, watchmakers and investment sectors are paying a small premium to our customer and strategic partner for this PX Impact™ gold. The premium provides direct investment to develop health and education projects to our ASM communities.


Dynacor trades on the Toronto Stock Exchange (DNG) and the OTC in the United States under the symbol (DNGDF).


FORWARD-LOOKING INFORMATION


Certain statements in the preceding may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management’s current expectations regarding future events and operating performance as of the date of this news release.


Dynacor (TSX: DNG / OTC: DNGDF)


Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold


Shares issued and outstanding: 38,961,726

For more information, please contact: Dynacor
Dale Nejmeldeen
Director, Shareholder Relations
Dynacor
T: (514) 393.9000 #230
E: investors@dynacor.com 


Primary Logo


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8020 Admin

1 day ago

8020 Admin posted a press release High Grade Gold Intersected on Gratien Gold Zone at Perron With Results up to 16.48 g/t Au over 14.6 m Including 315.4 g/t Au over 0.5 m and 102.96 g/t Au over 0.7 m in MI3 FINANCIAL COMMUNICATIONS INC.

MONTREAL, Sept. 19, 2019 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to report the results of several drill holes on the Gratien Gold Zone (“Gratien”) on its Perron property in northwestern Quebec, Canada (see figures 1 and 2). A complete list of results is provided in table 1. Amex provides all drill data on its website at http://www.amexexploration.com/perron/drill-data-room/


In addition, the Company is very pleased to announce to date that it has completed approximately 27,000 metres during of its previously announced 25,000 metres 2019 drilling campaign. Amex plans to drill an additional 15,000 metres during 2019 for a planned total of 40,000 metres, using two drill rigs. This continued drilling will focus on expanding the Eastern Gold Zone (EGZ), the Gratien Gold Zone and the Grey Cat Zone, as well step-out exploration drilling along strike from the known mineralized showings. This additional drilling is fully funded from existing capital.


The Company initiated a drilling campaign on Gratien utilizing the same targeting methodology that was applied to identify the bonanza grades at the Eastern Gold Zone. The Gratien is located approximately 1.5 km from the EGZ and is a kilometer-long mineralized system comprised of several lenses of gold mineralization. All of the announced drill holes that intersected the Gratien zone are in close proximity to target depths, with high-grade gold intersects coming from the Main Gratien Zone as well as the Gratien Upper Zone, as shown in figures 2, 3, and Table 1.  



  • Hole PE-19-89 intersected 16.48 g/t Au over 14.60 m including a very high-grade core of 47.69 g/t Au over 4.95 m with individual intercepts of 315.40 g/t Au over 0.50 m and 102.96 g/t Au over 0.70 m at a vertical depth of ~145 m.

  • Hole PE-19-71 intersected 3.13 g/t Au over 12.80 m including 68.99 g/t Au over 0.50 m at a vertical depth of ~185 m.

  • Hole PE-19-72 intersected 29.21 g/t Au over 1.30 m including 75.56 g/t Au over 0.50 m at a vertical depth of ~85 m.

  • Hole PE-19-73 intersected 2.45 g/g Au over 15.20 m including 46.68 g/t Au over 0.50 m at a vertical depth of ~125 m.


Victor Cantore, CEO of Amex Exploration, commented, “Our Perron property, which is of district-scale potential, continues to return very high grade gold intercepts across the project. The results from the Gratien Zone indicate a very robust mineralized gold system. We look forward to continuing to define the potential of the known gold zones on the project, as well as regional exploration of undrilled structures to the east, west, and north of the known 2.4 km highly mineralized corridor. The Perron property hosts two faults each measuring 7 km which are dramatically underexplored. The exploration upside potential here is incredible.”


Table 1: Assay results from drill holes PEG-19-69, 71, 72, 73, 74, 75, 77 & 89 on Gratien


Read more here: https://www.quotemedia.com/portal/quote/?qm_symbol=AMX%3ACA&qmodStoryID=8976815302225174 

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8020 Admin

2 days ago

8020 Admin posted a press release Lucky Appoints Adrian Rothwell as President and Chief Executive Officer in MI3 FINANCIAL COMMUNICATIONS INC.

Vancouver, British Columbia - TheNewswire - September 18, 2019 - Lucky Minerals Inc. ("Lucky" or the "Company")(TSXV:LKY) is pleased to announce that its Board of Directors has appointed Adrian Rothwell as President & Chief Executive Officer ("CEO") as of September 17, 2019. As CEO Mr. Rothwell has also been appointed to the Board of Directors.


Chairman of the Board, Joao Carrelo, stated, "On behalf of the Company, I would like to welcome Mr. Rothwell as our incoming President and CEO. This marks an important milestone as we advance Lucky's copper and gold exploration projects."


Incoming CEO Mr. Rothwell commented, "With a clear plan for the 55,000 Ha. Fortuna Project, and supportive major shareholders, Lucky is well-positioned to deliver shareholder value. I look forward to working with the Board to build out the strategy, organization, and capital market profile of the Company."


Following Mr. Rothwell's appointment, Robert Rosner will become Executive Vice President, Operations of the Company.


Outgoing CEO, Mr. Rosner remains a Director and significant shareholder of the Company. The Board would like to thank Mr. Rosner for his efforts and looks forward to Robert being an integral part of the company as it executes its vision.


Mr Rothwell was the founder of, and remains a director of KORE Mining Ltd, currently developing the Imperial and Long Valley projects in the USA and exploration projects in Canada. Adrian is also a director of Fireweed Zinc Ltd, which owns the Macmillan Pass project in the Yukon. He is a former executive at Goldcorp Inc., and CFO for NuLegacy Gold Corp, Kiska Metals, and MBMI Resources Inc. A British Columbia Chartered Professional Accountant and member of Chartered Accountants of Australia and New Zealand. Adrian holds a BA in Economics from Macquarie University.


About Lucky


An exploration and development company targeting large-scale mineral systems in proven districts with the potential to host world class deposits.


The Fortuna Project


Lucky Minerals holds a 100% interest in Fortuna, a 550 km2 property in the heart of a proven and highly mineralized mineral district in Ecuador but which has seen only limited exploration and has never been drilled.


Evidence of significant hydrothermal alteration, stockwork, breccias, geochemical anomalies and placer mining supports potential for Cu/Au porphyry systems and epithermal Au deposits similar to numerous multi-million-ounce Au and bulk tonnage Cu deposits ~40km away.


Qualified Person Statement


Technical information with respect to the Projects contained in this news release has been reviewed and approved by Alain Moreau, P.Geo., VP Exploration, who is Lucky's designated qualified person for the purposes of NI 43-101.


ON BEHALF OF THE BOARD


"Adrian Rothwell"


Chief Executive Officer


Further information on Lucky can be found on the Company's website at www.luckyminerals.com and at www.sedar.com, or by contacting Adrian Rothwell, President and CEO, by email at info@luckyminerals.com or by telephone at (866) 924 6484.


Neither the 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 news release does not constitute an offer to sell or a solicitation of an offer to sell any Lucky common shares in the United States.


Cautionary Statement Regarding Adjacent Properties and Forward-Looking Information


This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labor relations matters. This list is not exhaustive of the factors that may affect the Company's forward-looking information. Important factors that could cause actual results to differ materially from the Company's expectations also include risks detailed from time to time in the filings made by the Company with securities regulations.


The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.

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8020 Admin

2 days ago

8020 Admin posted a press release Midland Identifies Numerous Targets on Its Gold Projects in the Abitibi Belt in MI3 FINANCIAL COMMUNICATIONS INC.

MONTREAL, Sept. 18, 2019 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report that several new prime exploration targets have been identified on its gold projects in the Abitibi Belt, namely in the Detour Lake belt in northern Abitibi (Sunday Lake, Lower Detour and B26 fault zones), in the Lebel-sur-Quevillon area, and on its properties located near the prolific Cadillac and Destor-Porcupine fault zones in southern Abitibi.


In addition, Midland would like to announce it is actively seeking new partnerships for many of its projects in order to launch new exploration campaigns as early as the fall of 2019.


Highlights:



  • Midland identifies several new drilling targets on its Casault JV, La Peltrie and Samson projects and controls more than 40 kilometres of favourable stratigraphy near the Sunday Lake and Lower Detour faults, with excellent potential for subsidiary faults similar to Detour Gold’s Zone 58N*. Targets include four (4) IP anomalies located in the extension of the Vortex Zone on Casault, three (3) IP anomalies on La Peltrie and four (4) new ground TDEM conductors on Samson.



  • Midland identifies several new drilling targets and controls more than 30 kilometres of favourable stratigraphy along the extensions of the B26* polymetallic deposit held by SOQUEM, with several new drill-ready conductors on its Adam project. These targets consist in five (5) untested VTEM/TDEM conductors.



  • Midland identifies new targets on its Maritime-Cadillac JV project and a new as-yet-untested favourable area near the contact between the Cadillac Fault and Timiskaming conglomerates on the Heva project northwest of the Canadian Malartic* mine consisting in six (6) drillings targets along the Dyke East, Dyke West and Maritime-Contact.



  • Midland controls more than 8 and 10 kilometres along the Destor-Porcupine and La Pause faults respectively on its Patris project and has identified extensive hydrothermal alteration zones with anomalous gold.



  • Midland identifies new drilling targets on the Laflamme JV project west of Lebel-sur-Quevillon consisting in new Gradient IP anomalies near the new Longshot gold showing.



  • Midland is actively seeking new partnerships in order to resume exploration and test its numerous gold targets along major gold-bearing fault zones in the Abitibi.


Detour Lake Belt


In the Detour Lake belt, Midland controls more than 40 kilometres of favourable stratigraphy near the Sunday Lake and Lower Detour faults and along the extensions of the B26* deposit. This extensive area includes the Casault JV, La Peltrie, Adam, and Samson gold properties, where several new drilling targets have been identified. Those targets include four (4) IP anomalies located in the extension of the Vortex Zone on Casault, three (3) IP anomalies on La Peltrie and four (4) new ground EM conductors on Samson as well as five (5) untested VTEM/TDEM conductors located just north of the Brouillan-Enjalran regional contact.


The Casault JV project is currently a 50/50 joint venture with SOQUEM Inc. It is located along the Sunday Lake Fault, approximately 40 kilometres east of the Detour Lake* mine. In 2017, Midland and SOQUEM discovered the Vortex zone, a significant gold-bearing system associated with alkaline intrusions. Midland is currently planning a new drilling campaign to test the eastward extension of the Vortex zone along a subsidiary of the Sunday Lake Fault, where the fault comes in contact with Timiskaming-type conglomerates and mafic volcanic rocks.


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=MD%3ACA&qmodStoryID=8084601609462561 

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8020 Admin

2 days ago

8020 Admin posted a press release Sierra Metals Announces Amendment and Increase of Current Normal Course Issuer Bid to a 2.5 Million Share Target in MI3 FINANCIAL COMMUNICATIONS INC.

TORONTO


Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) announces that the Toronto Stock Exchange (the "Exchange") has accepted a notice filed by the Company of its intention to amend its previously announced Normal Course Issuer Bid (the "NCIB") to increase the number of common shares of the Company (the "Shares") which the Company may repurchase for cancellation under the NCIB from 1,500,000 Shares, or approximately 0.92% of the issued and outstanding Shares as of the date of commencement of the NCIB, to 2,500,000 Shares, representing approximately 1.54% of the Company's issued and outstanding Shares as of September 17, 2019.


Under the NCIB, which commenced on December 17, 2018, the Company has repurchased and cancelled a total of 1,457,822 Shares at a weighted average price of $1.9307 per Share as of the date hereof.


Other than the increase to the maximum number of Shares which may be purchased by the Company pursuant to the NCIB, no further amendments have been made to the NCIB, and the NCIB is still set to terminate on December 16, 2019. For further details regarding the NCIB, please refer to the Company's prior news release dated December 11, 2018.


Igor Gonzales, President and CEO of Sierra Metals commented: “The Company’s Board of Directors continues to believe that the recent market prices of the Shares do not properly reflect the underlying value of such Shares. As a result, depending upon future price movements and other factors, and given the recent capital expenditure reductions, the Board believes that the purchase of the Shares is an appropriate use of corporate funds and is in the best interests of the Company and its shareholders. Furthermore, the purchases are expected to benefit all current shareholders of the Company by increasing their equity interest in the Company when the repurchased Shares are cancelled.”


About Sierra Metals


Sierra Metals Inc. is a Canadian-based growing polymetallic mining company with production from its Yauricocha Mine in Peru, and its Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.


 

The Company’s Common Shares trade on the Bolsa de Valores de Lima and on the Toronto Stock Exchange under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.


For further information regarding Sierra Metals, please visit www.sierrametals.com.


Continue to Follow, Like and Watch our progress:


Web: www.sierrametals.com | Twitter: sierrametals | Facebook: SierraMetalsInc | LinkedIn: Sierra Metals Inc | Instagram: sierrametals


Forward-Looking Statements


This press release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian and U.S. securities laws related to the Company (collectively, “forward-looking information”). Forward-looking information includes, but is not limited to, statements with respect to the Company’s operations, including anticipated developments in the Company’s operations in future periods, the Company’s planned exploration activities, the adequacy of the Company’s financial resources, and other events or conditions that may occur in the future. Statements concerning mineral reserve and resource estimates may also be considered to constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if and when the properties are developed or further developed. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “potential” or variations thereof, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information.


 

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, risks inherent in the mining industry including environmental hazards, industrial accidents, unusual or unexpected geological formations, floods, labour disruptions, explosions, cave-ins, weather conditions and criminal activity; commodity price fluctuations; higher operating and/or capital costs; lack of available infrastructure; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; risks associated with the estimation of mineral resources and the geology, grade and continuity of mineral deposits and the inability to replace reserves; fluctuations in the price of commodities used in the Company’s operations; risks related to foreign operations; changes in laws or policies, foreign taxation, delays or the inability to obtain necessary governmental permits; risks relating to outstanding borrowings; issues regarding title to the Company’s properties; risks related to environmental regulation; litigation risks; risks related to uninsured hazards; the impact of competition; volatility in the price of the Company’s securities; global financial risks; inability to attract or retain qualified employees; potential conflicts of interest; risks related to a controlling group of shareholders; dependence on third parties; differences in U.S. and Canadian reporting of mineral reserves and resources; potential dilutive transactions; foreign currency risks; risks related to business cycles; liquidity risks; reliance on internal control systems; credit risks, including risks related to the Company’s compliance with covenants with respect to its BCP Facility; uncertainty of production and cost estimates for the Yauricocha Mine, the Bolivar Mine and the Cusi Mine; and other risks identified in the Company’s filings with Canadian securities regulators and the U.S. Securities and Exchange Commission, which filings are available at www.sedar.com and www.sec.gov, respectively.


This list is not exhaustive of the factors that may affect any of the Company’s forward-looking information. Forward looking information includes statements about the future and are inherently uncertain, and the Company’s actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company’s statements containing forward-looking information are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update forward-looking information if circumstances or management’s beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.


Note Regarding Reserve and Resource Estimates


All mineral reserve and resource estimates reported by the Company were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission (“SEC”). The differences between these standards are discussed in our SEC filings. Mineral resources which are not mineral reserves do not have demonstrated economic viability.





Mike McAllister
V.P., Investor Relations
Sierra Metals Inc.
+1 (416) 366-7777
Email: info@sierrametals.com


Igor Gonzales
President & CEO
Sierra Metals Inc.
+1(416) 366-7777



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8020 Admin

3 days ago

8020 Admin posted a press release Nemaska Lithium Announces Court Application for the Discharge of Security Securing the USD 350M Senior Secured Bonds in MI3 FINANCIAL COMMUNICATIONS INC.


• Nemaska Lithium informed the Nordic Trustee that it acknowledges the set-off of the Nominal Amount of the Senior Secured Bonds plus accrued interest

• The Corporation filed an application with the Court seeking the discharge of the security which secured
the Senior Secured Bonds

• Pallinghurst confirms willingness to pursue its proposed investment in Nemaska Lithium

• Nemaska Lithium is now focused on fully funding the project through more favorable avenues

QUEBEC CITY, Sept. 17, 2019 (GLOBE NEWSWIRE) -- Nemaska ​​Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX: NMX) (OTCQX: NMKEF) (Frankfurt: N0T) informs the market that, pursuant to Article 13.9 of the Bond terms, the Corporation has informed the Nordic Trustee that it acknowledges the set-off of the USD 350M nominal amount of the Senior Secured Bonds issued pursuant to the bond offering announced on May 10, 2018 (the “Bonds”), together with accrued interest up to September 16, 2019, with all obligations of the Corporation under the Bond terms being extinguished as of such date. Following the publication of the updated National Instrument (NI) 43–101 Technical Report on July 31st, 2019, a Project Completion Cut-Off Event, as defined in the Bond terms, was triggered as a result of the overall project completion date being delayed to later than June 2021 without the Bond terms being amended. Under the Bond terms, upon the occurrence of a Project Completion Cut-Off Event, any remaining proceeds from the Bonds issuance held in the escrow account shall be set-off against and used to prepay the Bonds within 45 days following the notice of the Project Completion Cut-Off Event, and the Nordic Trustee is authorized and obligated to take all necessary measures to effectuate such prepayment.


Between July 31, 2019 and last week, the Corporation was engaged in active discussions with the Nordic Trustee and a majority of Bondholders being part of an Ad Hoc Committee, the latter being represented by a Toronto law firm, in order to possibly find a common ground for the amendments to the Bond terms that would have been required in order to keep in place the USD 350M Bonds. However, based on several key elements during the discussions, the Corporation took the decision not to pursue this avenue and to inform the Nordic Trustee and the Ad Hoc Committee with their counsel that it acknowledged the set-off of the Bonds and the prescribed prepayment according to the Bond Terms following the Project Completion Cut-Off Event. The Nordic Trustee controls the escrow account in which amounts owed to Bondholders are held and the prescribed reimbursement process of amounts owed to Bondholders resulting from the set-off under the Bond terms.


“Since the proceeds were held in a trust account and the Corporation could not access them at this stage, the set-off and related prescribed reimbursement of the Bonds has certain positive implications for the Corporation in the short term by allowing it to save payment of interests on the Bonds. The savings on interest, coupled with the capacity to eventually use the CAD 40M of cash and cash equivalents that is sitting in a cost overrun account required under the Bond terms, will allow us to continue advancing the project while we carry on our discussions and negotiations to attain a more suitable capital structure in light of the actual market conditions. We have solid relationships with our strategic partners and stakeholders and are confident that we should be able to put everything in place to successfully complete the construction and commissioning of the project as expected,” said Guy Bourassa, President and Chief Executive Officer of Nemaska Lithium.


At the end of the fiscal year that ended June 30, 2019, Nemaska Lithium still had, on a consolidated basis, about CAD 128M of unrestricted cash and cash equivalents on hand (excluding also the restricted cash and cash equivalents of CAD 40M sitting in a cost overrun account) to finance its current activities which are mainly focused on site preparation at Whabouchi mine, advancing detailed engineering at both sites and completing project execution planning. To view the most recent pictures of the project, visit Nemaska Lithium’s website at www.nemaskalithium.com.


Nemaska Lithium filed on September 16, 2019 an application with the Superior Court of Québec, in connection with its arrangement proceedings under the Canada Business Corporations Act, seeking the discharge of the security which secured the Bonds.


On September 17, 2019, Nemaska Lithium was made aware of a notice of a written Bondholders’ resolution published by the Nordic Trustee without the Corporation’s consent, seeking approval of Bondholders by way of a written resolution to instruct the Nordic Trustee to refrain from exercising, commencing or proceeding against the Corporation with respect to, among other things, any right to set-off and effect any prepayment of the Bonds. The Corporation has advised the Nordic Trustee that it considers the proposed resolution invalid with no effect for the Corporation or under the Bond terms and requesting the Nordic Trustee to withdraw such notice.


Ongoing Discussions with The Pallinghurst Group


Nemaska Lithium is still working closely with The Pallinghurst Group (‘Pallinghurst’) on the investment proposal of up to CAD 600 M announced on July 19, 2019. Pallinghurst was informed of the set-off and related prescribed reimbursement and confirmed that it remains willing to continue the due diligence for its proposed investment in Nemaska Lithium. The Corporation has agreed to exclusive discussions with Pallinghurst until October 19, 2019 (unless further extended by the parties). The Corporation is working to ensure that the Whabouchi mine and Shawinigan plant will be fully funded through a financing package that provides reasonable financial flexibility in order to allow the project to reach nameplate capacity. Nemaska Lithium’s current strategic partners, including Investissement Québec and Softbank Group, have also been involved in discussions.


Additional details regarding the discharge of the security which secured the Bonds and the financing package will be communicated when available.


About Nemaska Lithium


Nemaska Lithium Inc. is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, the Corporation intends to facilitate access to green energy, for the benefit of humanity.


The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.


The Corporation is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For more information, visit www.nemaskalithium.com.


Cautionary Statement on Forward-Looking Information


All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the set-off and prescribed reimbursement of the Bonds, the Court application for the discharge of the security securing the Bonds and related outcome, the invalidity of the proposed resolution published by the Nordic Trustee with no effect for the Corporation or under the Bond terms, the additional capital required to enable the Corporation to complete construction and the estimated additional costs for completing the construction of the Whabouchi mine and the Shawinigan plant, constitute ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Certain important assumptions by the Corporation in making forward-looking statements include, but are not limited to, (A) the outcome of Court proceedings for the discharge of the security which secured the Bonds, (B) the prescribed reimbursement process of the Bonds’ nominal amount and such process having positive implications for the Corporation, (C) the interest savings and eventual use of the cost overrun account’s cash and cash equivalents allowing the Corporation to advance the project, and (D) the solidity of the Corporation’s relationships with its strategic partners and stakeholders allowing it to put everything in place to successfully complete the construction and commissioning of the project.


Forward-looking statements contained in this press release include, without limitation, those related to (i) the ability of the Corporation to obtain Court approval for the discharge of security securing the Bonds and potential dispute with respect to the set-off and timing of the prescribed reimbursement of the Bonds, (ii) the ability of the Corporation to secure additional funds, (iii) the discussions and negotiations to attain a more suitable capital structure in light of the actual market conditions, (iv) Pallinghurst’s willingness to pursue its proposed investment in the Corporation, (v) the Corporation working closely to ensure the project will be fully funded through a financing package that will provide reasonable financial flexibility in order to allow the project to reach nameplate capacity, (vi) Investissement Québec and SoftBank Group also being involved in the financing discussions, and (vii) generally, the above ‘About Nemaska Lithium’ paragraph which essentially describes the Corporation’s outlook. Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.


Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that the Court proceedings seeking the discharge of the security securing the Bonds will be successful, that the Pallinghurst investment will close or that other funding/strategic alternatives can be available, that the Corporation will meet conditions under the streaming facility and that the Whabouchi mine and/or the electrochemical plant in Shawinigan will be commissioned and will begin production, as future events could differ materially what is currently anticipated by the Corporation. In addition, there can be no assurances that the financing discussions with Pallinghurst, Investissement Québec and SoftBank Group will lead to a comprehensive financing package in place to successfully complete the construction and commissioning of the project. In addition, there can be no assurances that the acknowledgment of the set-off and related prescribed reimbursement of the Bonds will not result in litigation involving Bondholders, the Nordic Trustee and/or the Corporation, notably in light of the notice published by the Nordic Trustee and response of the Corporation claiming the invalidity of such notice.


By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the ‘Risk Factors’ section of the Corporation’s Annual Information Form dated October 10, 2018, and the ‘Risk Exposure and Management’ section of the Corporation’s quarterly Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.


Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nemaskalithium.com.


FOR FURTHER INFORMATION, PLEASE CONTACT:













Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com
Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com

Gabrielle Tellier
Media Relations
514 348-0466
gabrielle.tellier@nemaskalithium.com
 


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8020 Admin

3 days ago

8020 Admin posted a press release Monarch Gold Starts Diamond Drilling Program on its McKenzie Break Property in MI3 FINANCIAL COMMUNICATIONS INC.







  • Drilling program to follow-up on the solid high-grade results from the 2018 program, which included:




    • 61.20 g/t Au over 2.6 metres, including 265.00 g/t Au over 0.6 metres in hole MK-18-196



    • 24.40 g/t Au over 2.0 metres including 93.80 g/t Au over 0.5 metres in hole MK-18-216



    • Visible gold observed in 17 of the 61 holes drilled




  • Goal is to increase the pit-constrained and underground portions of the McKenzie Break 165,608-ounce gold resource



MONTREAL, Sept. 17, 2019 /CNW Telbec/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce the start of a new diamond drilling program on its wholly-owned McKenzie Break gold property, located 25 kilometres north of Val-d'Or, near Monarch's Camflo and Beacon mills.



Drilling started on September 10 and will focus on high potential exploration targets identified by the last drilling program. Positive results around the periphery of the deposit and at depth have increased the size of the orebody. The purpose of this seven-hole, 2,670-metre drilling program is two-fold: four holes will test the new zones in the southeast sector of the deposit at depth and three holes will be drilled in the northeast sector to extend the size of the known pit-constrained resource.  



The McKenzie Break property hosts a high-grade, multiple-narrow-vein gold deposit in the dioritic Pascalis batholith underlain by porphyritic diorite and mafic and felsic volcanic rocks. On June 14, 2018, the Corporation reported a NI 43-101 compliant pit-constrained resource of 48,133 ounces in the Indicated category and 14,897 ounces in the Inferred category on the property, as well as an underground resource of 53,448 ounces in the Indicated category and 49,130 ounces in the Inferred category, for a total of 165,608 ounces of gold (see press release dated June 14, 2018).


"This drilling program is part of our ongoing objective of expanding the McKenzie Break pit-constrained resource to provide feed for our Camflo and Beacon mills, while evaluating the deposit's potential at depth. As mentioned previously, the pit-constrained resource is easily accessible as the average overburden thickness is only 5 metres deep, meaning that we could put the McKenzie Break project into production relatively quickly. Also, after looking at last year's results, we believe that the deposit remains open at depth and along strike, which could have a positive impact on the project," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch.


Sampling normally consists of sawing the core into equal halves along its main axis and shipping one of the halves to the ALS Minerals laboratory in Val-d'Or, Quebec for assaying. The samples are crushed, pulverized and assayed by fire assay, with atomic absorption finish. Results exceeding 3.0 g/t Au are re-assayed using the gravity method, and samples containing visible gold grains are assayed using the metallic screen method. Monarch uses a comprehensive QA/QC protocol, including the insertion of standards, blanks and duplicates.


The technical and scientific content of this press release has been reviewed and approved by Ronald G. Leber, P.Geo., the Corporation's qualified person under National Instrument 43-101.


ABOUT MONARCH GOLD CORPORATION


Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns over 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor mine, Croinor Gold (see video), Fayolle, McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.


Forward-Looking Statements


The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.


Table 1 - Best drilling results from the 2018 drilling program on the McKenzie Break project



Read more here: https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACA&qmodStoryID=5021457893278784 

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8020 Admin

3 days ago

8020 Admin posted a press release BELLUS Health Announces Exercise of Over-Allotment Option in Connection With Underwritten Public Offering of Common Shares in MI3 FINANCIAL COMMUNICATIONS INC.

LAVAL, Quebec


BELLUS Health Inc. (“BELLUS Health” or the “Company”) (Nasdaq: BLU; TSX: BLU), a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of chronic cough and other hypersensitization-related disorders, today announced that the underwriters of its previously announced underwritten public offering (the “Offering”) of common shares have partially exercised their option to purchase additional common shares, resulting in the issuance of an additional 1,320,296 common shares of the Company at a price of US$7.10 per common share for additional gross proceeds to the Company of approximately US$9.37 million. As a result of the exercise of this option, the Company has raised total gross proceeds of approximately US$79.37 million from the Offering, before deducting the underwriting commissions and any expenses related to the Offering.


The Company intends to use the net proceeds of the Offering primarily to fund research and development activities, general and administrative expenses, working capital needs and other general corporate purposes, as set out in the Supplement (as defined below).


Jefferies, Cowen and Guggenheim Securities acted as joint book-running managers, Baird acted as lead manager, and Bloom Burton Securities acted as co-manager for the Offering.


The Offering was made in Canada pursuant to a prospectus supplement (the “Supplement”) to the Company’s short form base shelf prospectus dated July 26, 2019 (the “Base Prospectus”) and in the United States pursuant to a registration statement on Form F-10, which went effective with the U.S. Securities and Exchange Commission (the “SEC”) on September 5, 2019 (the “Registration Statement”), containing the Supplement and Base Prospectus filed with the SEC in accordance with the Multijurisdictional Disclosure System established between Canada and the United States.


The Supplement and the accompanying Base Prospectus contain important detailed information about the Offering. The Supplement and the accompanying Base Prospectus can be found on SEDAR at www.sedar.com, on EDGAR at www.sec.gov and on the Company’s website at www.bellushealth.com. Copies of the Supplement and accompanying Base Prospectus may also be obtained from the Company, by telephone at 450-680-4500 or by email at info@bellushealth.com, or you may request them from: Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at 877-821-7388 or by email at prospectus_department@jefferies.com; Cowen and Company, LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department, by telephone at 631-592-5973 or by email at PostSaleManualRequests@broadridge.com; or Guggenheim Securities, LLC, Attention: Equity Syndicate Department, 330 Madison, 8th Floor, New York, NY 10017, by telephone at 212-518-9658 or by email at GSEquityProspectusDelivery@guggenheimpartners.com.


No regulatory authority has either approved or disapproved the contents of this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.


About BELLUS Health


BELLUS Health is a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of chronic cough and other hypersensitization-related disorders. The Company’s product candidate, BLU-5937, is being developed for the treatment of chronic cough and chronic pruritus.


Cautionary Note Regarding Forward-Looking Statements


Certain statements contained in this news release may constitute “forward-looking statements” within the meaning of applicable securities laws. Such statements, based as they are on the current expectations of management, inherently involve numerous important risks, uncertainties and assumptions, known and unknown. In this news release, such forward-looking statements include, but are not limited to, the anticipated use of proceeds from the Offering. However, they should not be regarded as a representation that any of the plans will be achieved. Actual future events may differ from the anticipated events expressed in such forward-looking statements. BELLUS Health believes that expectations represented by forward-looking statements are reasonable, yet there can be no assurance that such expectations will prove to be correct. The reader should not place undue reliance, if any, on any forward-looking statements included in this news release. These forward-looking statements speak only as of the date made, and BELLUS Health is under no obligation and disavows any intention to update publicly or revise such statements as a result of any new information, future event, circumstances or otherwise, unless required by applicable securities laws.


View source version on businesswire.com: https://www.businesswire.com/news/home/20190917005710/en/



François Desjardins
Vice President, Finance
450-680-4525
fdesjardins@bellushealth.com
SOURCE: BELLUS Health Inc.



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8020 Admin

4 days ago

8020 Admin posted a press release Rover Metals appoints Robert Schafer to its Advisory Board in MI3 FINANCIAL COMMUNICATIONS INC.


VANCOUVER, Sept. 16, 2019 /CNW/ - Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) ("Rover" or the "Company") is pleased to announce the appointment of Robert Schafer to its Advisory Board.


Judson Culter, CEO at Rover Metals, states: "The appointment of Mr. Schafer to our team rounds out our technical team and brings us a wealth of exploration knowledge in Nevada, specifically for the Toquima precious metals project in central Nevada. Mr. Schafer will also assist the Company with future merger and acquisitions work."


Robert Schafer's Executive Bio
Mr. Schafer has nearly 40 years of experience in the mineral industry, working in the international sector with both major and junior mining companies. He is founder and Managing Director of Eagle Mines Management, a globally active private natural resources corporation. He has held executive and senior management positions with Hunter Dickinson Inc., Kinross Gold Corp., and BHP Minerals over the past 20 years. Throughout his career Mr Schafer has worked internationally, with notable experience in the far east of Russia, Southern Africa, South America and Australia.


His work has included the structuring and implementation of successful exploration strategies, project reviews and valuations leading to acquisitions, and the management of local and expatriate exploration teams operating in a wide variety of geologic environments. In addition, he is the Past-President of the PDAC and Past-President of the Canadian Institute of Mining and Metallurgy (CIM) in Canada, and a Past President of the Mining and Metallurgical Society of America and the Geological Society of Nevada in the USA. Mr. Schafer will be SME President in 2020-21.


Mr. Schafer was the recipient of the Dreyer Exploration Award in 2018 and the William Lawrence Saunders Gold Medal from AIME (2002) and the Daniel C. Jackling Award from SME (2017) for career achievements.


Pursuant to Mr. Schafer's appointment, he will receive a stock option grant of 350,000 stock options at an exercise price of CAD $0.065 cents, vesting monthly over twelve months, expiring four years from the date of grant.


About Rover Metals
Rover Metals is a natural resource exploration company specialized in North American precious metal resources that is advancing the gold potential of its existing projects. 


You can follow Rover Metals on its social media channels:
Twitter: https://twitter.com/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-metals/
Facebook: https://www.facebook.com/RoverMetals/  
for daily company updates and industry news.


ON BEHALF OF THE BOARD OF DIRECTORS
"Judson Culter"
Chief Executive Officer and Director


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.


View original content:http://www.prnewswire.com/news-releases/rover-metals-appoints-robert-schafer-to-its-advisory-board-300919118.html


SOURCE Rover Metals Corp.


View original content: http://www.newswire.ca/en/releases/archive/September2019/16/c4925.html



Judson Culter, Email: judson@rovermetals.com , Phone: (604) 449-5347

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8020 Admin

4 days ago

8020 Admin posted a press release Emerald Health Therapeutics' Joint Venture Pure Sunfarms Launches Branded Product Line, Introducing Eight Products for the Recreational Market, and Begins Shipping to Ontario Cannabis Store in MI3 FINANCIAL COMMUNICATIONS INC.


VANCOUVER, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Emerald Health Therapeutics, Inc. (“Emerald”) (TSXV: EMH; OTCQX: EMHTF), today announced that its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms (PSF), has formally launched its Pure Sunfarms branded products and introduced eight strains of dried cannabis flower for the Canadian recreational market. It has also begun shipping branded dried cannabis products to the Ontario Cannabis Store (“OCS”) for retail sale in Ontario. PSF expects its first products to be available at licensed retailers in Ontario and through the OCS website this month. 


“Introducing the Pure Sunfarms brand today to Canadians is a culmination of our team’s efforts, and we hope consumers see the passion and care our people have worked hard to bring to life,” said Mandesh Dosanjh, President and CEO, Pure Sunfarms. “British Columbia has a reputation for growing some of the best cannabis in the world, and we are proud to introduce a suite of products which will continue to celebrate this legacy. Our scale, along with the team’s deep agricultural roots and steadfast dedication to craftmanship, has allowed us to cultivate great-quality products at an approachable price point. In this evolving industry, we hope Canadians will come to know the quality and consistency of Pure Sunfarms’ products and love it as much as we do.”


The Pure Sunfarms brand was built around the philosophy of ‘plants and people first,’ expressing a long-standing relationship and deep appreciation for cannabis across Canada’s west coast. It was designed to reflect the team’s unique and diverse agricultural experience, sharing the story of cannabis from a different perspective. This new brand effectively leverages its high-quality product with Pure Sunfarms’ low-cost production capability.

“Bringing its first selection of branded products to the recreational market represents another important milestone for Pure Sunfarms,” said Riaz Bandali, CEO of Emerald. “Given Pure Sunfarms’ expected full run-rate production to expand to 150,000 kilograms by the end of next year, and now with the rollout of its brand strategy, PSF is well-positioned to bring to market cannabis products with higher margin sales that meet the needs of consumers.”

In addition to Ontario, Pure Sunfarms expects its first products to be available at licensed retailers and online in British Columbia in the coming weeks.

More information is available on Pure Sunfarms’ new website at www.puresunfarms.com


About Emerald Health Therapeutics, Inc.

Emerald Health Therapeutics, Inc. is a Canadian licensed producer of cannabis products, with strategic initiatives focused on differentiated, value-added product development for medical and adult-use customers supported by novel intellectual property, large-scale cultivation, extraction, and soft gel encapsulation, as well as unique marketing and distribution channels. Its 50%-owned Pure Sunfarms operation in British Columbia has reached its full run-rate annual production of approximately 75,000 kg in its first 1.1 million square-foot greenhouse Delta 3 operation; its second 1.1 million square-foot greenhouse is planned to be in full production by the end of 2020. Emerald’s two wholly-owned facilities in Quebec, a high-quality indoor growing and processing facility, and in British Columbia, an organic greenhouse and outdoor operation, are completing construction and are working toward final licensing extension. Emerald has also contracted for approximately 1,000 acres of hemp annually in 2019 to 2022 with the objective of extracting low-cost CBD. Its team is highly experienced in life sciences, product development, large-scale agri-business, and marketing.


For more information or contact:

Rob Hill, Chief Financial Officer
(800) 757 3536 Ext. # 5


Emerald Investor Relations
(800) 757 3536 Ext. #5
invest@emeraldhealth.ca


Neither the 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.


Cautionary Note Regarding Forward-Looking Statements: Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. Such statements include obtaining required regulatory approvals; production and processing capacity of various facilities; expansion of facilities; obtaining additional cultivation licenses and other permits; production at various facilities; receipt of hemp deliveries; entering into of strategic agreements; payments of amounts owed to and owed by Emerald; transplanting crops; obtaining final municipal approvals; assessment of cultivation and harvesting techniques; scale up of reliable, quality low-cost cannabis; and anticipated production costs.


We cannot guarantee that any forward-looking statement will materialize, and readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements involve risks and uncertainties related to, among other things, changes of law and regulations; changes of government; failure to obtain regulatory approvals or permits; failure to obtain necessary financing; results of production and sale activities; results of scientific research; regulatory changes; changes in prices and costs of inputs; demand for labour; demand for products; failure of counter-parties to perform contractual obligations; as well as the risk factors described in the Company’s annual information form and other regulatory filings. The forward-looking statements contained in this press release represent our expectations as of the date hereof. Forward-looking statements are presented for the purpose of providing information about management's current expectations and plans and allowing investors and others to obtain a better understanding of our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.


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8020 Admin

4 days ago

8020 Admin posted a press release ZEN Graphene Solutions Signs Agreement with Chemisar Laboratories Inc. for Consulting and New Graphene Development Facility in MI3 FINANCIAL COMMUNICATIONS INC.

Thunder Bay, Ontario--(Newsfile Corp. - September 16, 2019) - ZEN Graphene Solutions Ltd. (TSXV: ZEN) ("ZEN" or the "Company")  is pleased to announce that it has signed an agreement with Chemisar Laboratories Inc. ("Chemisar") to provide various consulting services which will include the use of 2,300 square feet of office and laboratory space in Guelph, Ontario commencing on October 1, 2019. This office will become the company's new graphene research and development centre which will include a small-scale graphene processing and production facility. Additional space is available in the building which will allow ZEN to grow as needed.


The new office and lab spaces are situated 66 km from Toronto Pearson International Airport and is centrally located to Toronto, Hamilton, Waterloo, London and multiple university partners. The office space is part of a larger 5,500 square foot well-equipped stand-alone technology centre which is situated on 1.15 acres. ZEN has access to a 2,000 square foot wet laboratory which has fume hoods, laboratory equipment and a large inventory of specialized glassware as well as other laboratory consumables plus a large inventory of chemical reagents. In the coming months, ZEN is aiming to setup small-scale graphite purification and graphene-related production facilities including Graphene Quantum Dots (GQD's) and Graphene Oxide (GO). These products will be available for research and development, application development and for commercial use.


Dr. Francis Dubé commented: "This facility represents the next phase of development and scale up of our company. We now have the ability to actively collaborate with our research partners as we move toward commercial scale production. This will also allow ZEN to offer the highest value products for sale such as GQDs and GO as granted by the Ministry of Energy, Northern Development and Mines bulk sample permit."


About Chemisar Laboratories Inc.


Chemisar and its related companies, Guelph Chemical Laboratories and Maxima Laboratories were founded by Dr. Raj N. Pandey. The main areas of research were in the Energy and Environmental fields while offering analytical laboratory services to both private enterprises and government agencies since 1978. The companies have been granted 30 various patents from their research. They also have significant experience with NRCAN, NRC, International Trade, the Ontario Ministry of Environment and Energy along with the Government and various businesses in India.


About ZEN Graphene Solutions Ltd.


ZEN Graphene Solutions Ltd. is an emerging graphene technology company with a focus on development of the unique Albany Graphite Project. This precursor graphene material provides the company with a competitive advantage in the potential graphene market as independent labs in Japan, UK, Israel, USA and Canada have demonstrated that ZEN's Albany Graphite/Naturally PureTM easily converts (exfoliates) to graphene, using a variety of simple mechanical and chemical methods.


For further information:


Francis Dubé, Chief Executive Officer
Tel: +1 (289) 821-2820
Email: drfdube@zengraphene.com


To find out more on ZEN Graphene Solutions Ltd., please visit our website at www.ZENGraphene.com. A copy of this news release and all material documents in respect of the Company may be obtained on ZEN's SEDAR profile at www.sedar.ca.


Forward Looking Statements


This press release contains forward-looking statements. This news release includes certain "forward-looking statements", which often, but not always, can be identified by the use of words such as "potential", "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to ZEN and ZEN provides no assurance that actual results will meet management's expectations. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although ZEN believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. ZEN disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the 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. The Company's full disclosure can be found at https://zengraphene.com/disclaimer/.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/47810

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8020 Admin

4 days ago

8020 Admin posted a press release Nouveau Monde Graphite Announces Additions to Its Board of Directors and Management Team in MI3 FINANCIAL COMMUNICATIONS INC.


SAINT-MICHEL-DES-SAINTS, Québec, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Corporation”) (TSX VENTURE: NOU) is proud to announce the arrival of new members to its Board of Directors and to its Matawinie Project team. In anticipation of the full commercial operation of the project, these additions significantly strengthen the skill set required to complete this project.


At the Board meeting held on September 12, 2019 in Montreal, Eric Desaulniers was appointed Chairman of the Board, Arne H. Frandsen, Deputy Chairman and Pierre Renaud, Lead Independant Director. Nouveau Monde welcomed Daniel Buron to its Board of Directors as a director, the latter providing significant financial expertise.


DANIEL BURON, DIRECTOR OF THE BOARD


With over 20 years of experience in the finance industry, Mr. Buron has held since 2004 the position of Senior Vice-President and Chief Financial Officer of Domtar, a Quebec paper company that is the third largest North American manufacturer of office paper. Mr. Buron previously held various finance positions within a large firm in the commercialization and development of IT tools and solutions as well as with a major international accountant firm. Holder of the Certified Professional Accountant designation, Mr. Buron obtained from Laval University a Bachelor of Commerce. Since then, he has served on several boards, including Norampac Inc. and the McGill University Health Center Foundation.


Patrice Boulanger has relinquished his seat on the Board of the company to join the management  team as Vice-President Marketing, Business Development and R&D. Nouveau Monde Graphite also welcomed Sylvain Descombes as Vice-President Project, Mine and Concentrator and Eric Deslauriers as Procurement Manager. Their arrival complements the project management team already made up of Martine Paradis, Vice President, Chief Engineer Infrastructure and Environment, and Alain Dorval, Vice President, Metallurgy and Process Engineering.


SYLVAIN DESCOMBES, VICE-PRESIDENT PROJECT, MINE AND CONCENTRATOR


Sylvain Descombes is a mechanical engineer with 19 years of experience in the mining industry. In his first 10 years, he gained operational experience across all levels of management at Canada's largest open pit mine, the Mont-Wright iron mine in the Fermont area in Quebec. His career then led to engineering and construction management as part of development and expansion projects for mining and concentrating facilities in Canada and Liberia.


ERIC DESLAURIERS, PROCUREMENT MANAGER


Eric Deslauriers has over 17 years of supply experience. He began his career in the field of consulting engineering and gained experience in the various branches of procurement (Purchasing, Recovery and Contract Training). He has been involved mainly in Mining and Metals Projects (aluminum, iron and gold). After 10 years working in consulting engineering, he moved to the customer side at Iamgold and participated in engineering and construction projects where he gained experience in offshore mine site projects and developed a better understanding of the needs of remote sites.


Arne H. Frandsen, Co-Managing Partner of The Pallinghurst Group and Deputy Chairman of Nouveau Monde Board, commented, “Nouveau Monde has assembled a world class owner's team in the recent months.  Quality of the people is the primary key success for executing on time and on budget a major project like Matawinie.”


Eric Desaulniers, president and CEO of Nouveau Monde added, “The lithium-ion market current growth is definitely a lifetime opportunity for our company, our employees and all local stakeholders.  There is so much at stake, we can’t afford not having the best people at every level of our organisation to properly deploy our capital.”


The Board of Directors has granted a total of 2,700,000 stock options to officers, directors and an insider. These stock options are granted pursuant to the terms and conditions of the Corporation's stock option plan.


ABOUT NOUVEAU MONDE GRAPHITE
In 2015, Nouveau Monde Graphite discovered a major and high-quality graphite deposit on its Matawinie property, located in Saint-Michel-des-Saints, 150 km North of Montréal. This discovery led to the completion of a Feasibility Study, which revealed strong economics with projected graphite concentrate production level of 100,000 tonnes per year over a 26-year period. Nouveau Monde will operate its demonstration plant until 2020. During this period, the Corporation expects the production of 2,000 tonnes of concentrated flake graphite to qualify its products with North American and international clients.


Moreover, in a vertical integration and sustainable development perspective, Nouveau Monde is planning the establishment of a large-scale graphite secondary transformation facility, catering the needs of the booming lithium-ion battery and expandable graphite markets.


With over 60 years of experience in the world of graphite, Nouveau Monde’s team develops its project with the utmost respect of neighbouring communities, while favoring a minimal ecological footprint. Nouveau Monde’s project is privileged by direct access to the workforce and infrastructure needed to operate its mining project, and it can also rely on an abundant, affordable and renewable source of hydroelectricity.


For more information:


Eric Desaulniers                                             
President & CEO                                           
Tel: +1 (819) 923-0333


www.nouveaumonde.ca


Subscribe to our newsfeed:


http://nouveaumonde.ca/en/support-nmg/


Neither the 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.


All statements, other than statements of historical fact, contained in this press release including, but not limited to generally, or the “About Corporation Graphite” paragraph which essentially describe the Corporation’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” within the meaning of certain securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.


Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. 


Further information regarding Corporation is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nouveaumonde.ca.


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8020 Admin

4 days ago

8020 Admin posted a press release Brixton Metals Samples 45 g/t Au at Union and Drills 8.53 g/t Au over two metres at LD on its Atlin Goldfields Project in MI3 FINANCIAL COMMUNICATIONS INC.

VANCOUVER, British Columbia, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce results from the summer 2019 exploration program at its Atlin Goldfields Project. The exploration program consisted of shallow scout NQ sized core drilling at the LD and Pictou Zones, prospecting and soil geochemical survey over selection areas on the western region of the very large mineral claim group.  The objective was to test for near surface gold mineralization, define new targets and expand the gold-in-soil anomalies.


Highlights



  • Drilling intersected gold mineralization in 13 of 22 drill holes

    °  BBB19-12 intersected 8.53 g/t Au over 2.00m from 40.00m depth

    °  BBB19-13 intersected 6.31 g/t Au over 1.00m from 52.00m depth

    °  BBB19-21 returned 5.45 g/t Au over 0.80m from 51.80m



  • Rock grab sample from Union Mountain returned 45 g/t Au
     

  • Soil sampling at the LD area expanded the gold-in-soil anomaly to 2.4 square kilometre


Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “We are encouraged by these results from our first significant exploration program at the Atlin Goldfields Project. The 45 g/t Au rock-grab result from Union Mountain, which is located about 4km to the northwest from the LD area, represents a new area of interest for us.  The prospecting and soil sampling at higher elevations has been effective in generating new targets. We are looking forward to additional exploration work on the project in 2020. Targets within the Atlin Goldfields include high grade orogenic gold deposits and intrusion related gold deposits.”


Table of Drilling Highlights


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=BBB%3ACA&qmodStoryID=8546512537045880 

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8020 Admin

4 days ago

8020 Admin posted a press release Emerald Health Therapeutics to Participate at the Eight Capital & Cassels Brock Global Cannabis Conference in MI3 FINANCIAL COMMUNICATIONS INC.


VANCOUVER, British Columbia, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Emerald Health Therapeutics, Inc. (“Emerald”) (TSXV: EMH; OTCQX: EMHTF), today announced that it will participate in a panel and be available for 1x1 meetings at the Eight Capital & Cassels Brock Global Cannabis Conference being held on September 19, 2019, at the Shangri-La Hotel in Toronto.  


Panel details are as follows;



  • Presenter: Allan Rewak, VP Communications & Stakeholder Relations

  • Panel Title: Adult-Use Anniversary: Lessons Learned and Opportunities Ahead

  • Date: Thursday, September 19, 2019

  • Time: 10:00-10:30 AM ET

  • Location: Shangri-La Hotel Toronto; Queen’s Park Ballroom


About Emerald Health Therapeutics, Inc.


Emerald Health Therapeutics, Inc. is a Canadian licensed producer of cannabis products, with strategic initiatives focused on differentiated, value-added product development for medical and adult-use customers supported by novel intellectual property, large-scale cultivation, extraction, and softgel encapsulation, as well as unique marketing and distribution channels. Its 50%-owned Pure Sunfarms operation in British Columbia has reached its full run-rate annual production of approximately 75,000 kg in its first 1.1 million square foot greenhouse Delta 3 operation; a second 1.1 million square foot greenhouse is planned to be in full production by the end of 2020. Emerald’s two wholly-owned facilities in Québec, a high-quality indoor growing and processing facility, and in British Columbia, an organic greenhouse and outdoor operation, have started production and are working toward final licensing extension. Emerald has also contracted for approximately 1,200 acres of hemp annually in 2019 to 2022 with the objective of extracting low-cost CBD. Its team is highly experienced in life sciences, product development, large-scale agri-business, and marketing.


Please visit www.emeraldhealth.ca for more information or contact:

Rob Hill, Chief Financial Officer 
(800) 757 3536 Ext. # 5
Emerald Investor Relations 
(800) 757 3536 Ext. #5
invest@emeraldhealth.ca


Neither the 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.


Cautionary Note Regarding Forward-Looking Statements: Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. Such statements include obtaining required regulatory approvals; production and processing capacity of various facilities; expansion of facilities; obtaining additional cultivation licenses and other permits; production at various facilities; receipt of hemp deliveries; entering into of strategic agreements; payments of amounts owed to and owed by Emerald; transplanting crops; obtaining final municipal approvals; assessment of cultivation and harvesting techniques; scale up of reliable, quality low-cost cannabis; and anticipated production costs.


We cannot guarantee that any forward-looking statement will materialize, and readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements involve risks and uncertainties related to, among other things, changes of law and regulations; changes of government; failure to obtain regulatory approvals or permits; failure to obtain necessary financing; results of production and sale activities; results of scientific research; regulatory changes; changes in prices and costs of inputs; demand for labour; demand for products; failure of counter-parties to perform contractual obligations; as well as the risk factors described in the Company’s annual information form and other regulatory filings. The forward-looking statements contained in this press release represent our expectations as of the date hereof. Forward-looking statements are presented for the purpose of providing information about management's current expectations and plans and allowing investors and others to obtain a better understanding of our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.


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8020 Admin

4 days ago

8020 Admin posted a press release betterU Issues Bi-Weekly Default Status Report Regarding Management Cease Trade Order - updated in MI3 FINANCIAL COMMUNICATIONS INC.

OTTAWA, Sept. 16, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA), (the "Company" or "betterU") is providing this bi-weekly default status report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). In its initial default announcement of July 25, 2019 (the "Default Notice"), the Company announced the delay in the filing of its audited annual financial statements for the fiscal year ended March 31, 2019 (the "2018 Annual Financial Statements"), the accompanying management's discussion and analysis and the related CEO and CFO certifications (collectively, the "Annual Filings") by the filing deadline of July 29th 2019. 


As previously announced, the Company applied for and was granted management cease trade orders in respect of the delayed Annual Filings (the "MCTO") by the British Columbia Securities Commission and the Ontario Securities Commission which prohibit the chief financial officer and the chief executive officer from trading in the Company's securities for so long as there are filings that are outstanding under applicable securities laws. The MCTO does not affect the ability of the general investing public to trade in the Company's listed common shares.

The audit of the 2018 Annual Financial Statements is well underway with BDO and the Company currently continues to expect to file the Annual Filings before the end of September 2019.

The Company confirms that since the Default Notice: (i) there is no material change to the information set out in the Default Notice that has not been generally disclosed; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has been an addition default by the Company who has not been able to file its financial statements for the first quarter ended June 30, 2019, the accompanying management's discussion and analysis and the related CEO and CFO certifications (collectively, the "Quarterly Filings") by the filing deadline of August 29th 2019 as to the dependency on the completion of the Audit underway by BDO; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed.

The Company will continue to comply with the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains in default of the filing requirements set out above.

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.


About betterU
betterU, an online education technology company, aims to provide access to quality education from around the world in order to foster growth and opportunity to those who want to better their lives. The Company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated ecosystem. betterU’s offerings can be categorized into four broad functions: to compliment school programs with flexible KG-12 programs preparing children for their next stage of education, to foster an exceptional educational environment by providing befitting skills that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training them and lastly, to connect the end user to various job opportunities.


By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, betterU will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of betterU’s system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution. betterU does not assume any obligation to update any forward-looking statements except as required by law.


CONTACT INFORMATION


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO


CONTACT INFORMATION
Investor Relations
1-613-695-4100
Email: ir@betteru.ca

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8020 Admin

7 days ago

8020 Admin posted a press release Renforth Commissions Two Technical Reports in MI3 FINANCIAL COMMUNICATIONS INC.

TORONTO, ON / ACCESSWIRE / September 13, 2019 / Renforth Resources Inc. (CSE:RFR) (“Renforth” or the “Company”) is pleased to announce that it has now contracted the preparation of new technical reports in the required Form 43-101F1 for both its Parbec and New Alger properties. P&E Mining Consultants Inc. will prepare new technical reports, with Eugene Puritch, P.Eng., FEC, CET and the President of that company overseeing the work and certifying the reports in conjunction with Antoine Yassa P.Geo., OGQ. Mr. Puritch and Mr. Yassa are each a “qualified person” pursuant to the definition found in National Instrument 43-101 and has confirmed that he is independent of Renforth. Amended technical reports have been requested by the staff of the Ontario Securities Commission in connection with a continuous disclosure review.


The new reports will address the results of exploration and drilling activity at both Parbec and New Alger which has occurred subsequent to the release of the existing reports and will include additional disclosure regarding the nature and substance of the changes, if any, to the estimates and accompanying technical reports from the previous Parbec mineral resource estimate that was press released on September 25, 2018 and the New Alger press release of July 17, 2014.


ABOUT RENFORTH


Renforth Resources Inc. is a Toronto-based gold exploration company with five wholly owned surface gold bearing properties located in the Provinces of Quebec and Ontario, Canada.


In Quebec Renforth holds the New Alger and Parbec properties, in the Cadillac and Malartic gold camps respectively, with gold present at surface and to some depth, located on the Cadillac Break. In both instances additional gold bearing structures, other than the Cadillac Break, have been found on each property and require additional exploration. Renforth also holds Malartic West, contiguous to the western boundary of the Canadian Malartic Mine property, located in the Pontiac Sediments, this property is gold bearing and was the recent site of a copper discovery. In addition to this Renforth has optioned the wholly owned Denain-Pershing gold bearing property, located near Louvicourt, Quebec, to O3 Mining Inc.


In Ontario Renforth holds the Nixon-Bartleman surface gold occurrence west of Timmins Ontario, drilled, channeled and sampled over 500m - this historic property also requires additional exploration to define the extent of the mineralization.


For further information please contact:


Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
T: (416) 818-1393
E: nicole@renforthresources.com


No securities regulatory authority has approved or disapproved of the contents of this news release.


Forward Looking Statements


This news release contains forward-looking statements and information under applicable securities laws, including with respect to earning an interest in the Nixon-Bartleman Property . All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as ‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’, ‘anticipate’, ‘estimate’, ‘intend’ and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licences and permits and the availability of financing, as described in more detail in the Company’s securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.


SOURCE: Renforth Resources Inc.


View source version on accesswire.com:
https://www.accesswire.com/559551/Renforth-Commissions-Two-Technical-Reports

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8020 Admin

8 days ago

8020 Admin posted a press release Zen Graphene Solutions Ltd. Completes Non-Brokered Private Placement of Units in MI3 FINANCIAL COMMUNICATIONS INC.


THUNDER BAY, ON, Sept. 12, 2019 /CNW/ - Zen Graphene Solutions Ltd. ("Zen Graphene" or the "Company") (TSXV:ZEN) is pleased to announce the closing of its previously announced private placement (the "Offering"). The Company raised $1,050,000 under the Offering, which will be used to fund ongoing work on the Albany Graphite Project including environmental studies, graphene research and development work, material processing and for general corporate purposes.  While the Company received significant demand for the Offering over the one million dollar initial target, it limited the Offering to $1,050,000.  The Board of directors wishes to thank all the long-term shareholders and new shareholders who participated in the Offering.


The Offering consisted of the issuance of 3,000,000 units ("Units") at a price of $0.35 per Unit, for aggregate gross proceeds of $1,050,000. Each Unit consisted of one common share of the Company ("Common Share") and one half of one non-transferable share purchase warrant ("Warrant").  Each whole Warrant will entitle the holder thereof to acquire one additional Common Share at an exercise price of $0.50 per Warrant, exercisable for a period of twenty-four months from the closing of the Offering (the "Exercise Period"). Insiders of the Company have subscribed for approximately 34% of the offered Units.


All Warrants issued in connection with the Offering are subject to an acceleration clause. If the Company's share price trades at or above $1.00 per share for a period of ten (10) consecutive trading days during the Exercise Period, the Company may accelerate the expiry date of the Warrants to 30 calendar days from the date on which written notice is given by the Company to the holders of the Warrants.


Certain insiders of the Issuer participated in the Offering. Such participation represents a related-party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), but the Offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter of the transaction, nor the consideration paid, exceed 25% of the Issuer's market capitalization. The Offering was approved by all of the independent directors of the Company.


The Common Shares and the Warrants issued in connection with the Offering will be subject to a hold period until January 13, 2020 in accordance with applicable securities laws.


To find out more on Zen Graphene Solutions Ltd., please visit our website at www.zengraphene.com. A copy of this press release and all material documents in respect of the Company may be obtained on Zen Graphene's SEDAR profile at www.sedar.ca.


CAUTIONARY STATEMENT: Zen Graphene has completed a Preliminary Economic Assessment regarding the Albany Project (the "PEA") in support of its development work (see Zen Graphene press release of 1 June 2015). The PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Without a formal independent feasibility study, there is no assurance that operations will be economically viable.


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 news release may contain forward looking information and Zen Graphene cautions readers that forward looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Zen Graphene included in this news release. This news release includes certain "forward-looking statements", which often, but not always, can be identified by the use of words such as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to Zen Graphene and Zen Graphene provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements with respect to Zen Graphene's future plans, objectives or goals, to the effect that Zen Graphene or management expects a stated condition or result to occur, including the expected timing for release of a pre-feasibility study, the expected uses for graphite in the future, and the future uses of the graphite from Zen Graphene's Albany deposit. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, metallurgical processing, project development, reclamation and capital costs of Zen Graphene's mineral properties, and Zen Graphene's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a pre-feasibility study; the preliminary nature of metallurgical test results; the inability to enter into offtake agreements with qualified purchasers; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in Zen Graphene's public documents filed on SEDAR. This list is not exhaustive of the factors that may affect any of Zen Graphene's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Zen Graphene's forward-looking statements. Although Zen Graphene believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Zen Graphene disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.


SOURCE ZEN GRAPHENE SOLUTIONS Ltd.


View original content: http://www.newswire.ca/en/releases/archive/September2019/12/c7063.html

Brian Bosse, Chief Financial Officer, Tel: +1 (705) 618-0900, Email: bbosse@zengraphene.com

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8020 Admin

8 days ago

8020 Admin posted a press release Triumph Gold Intersects 400 metres of 1.2 g/t Gold Equivalent** and 102 metres of 1.3 g/t Gold Equivalent** in the First of Three Areas Tested for a Deep Porphyry in MI3 FINANCIAL COMMUNICATIONS INC.

VANCOUVER, British Columbia, Sept. 12, 2019 (GLOBE NEWSWIRE) -- Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce positive results from the first two of seven planned drill holes testing for a buried porphyry on their 100% owned, 200 km2, road accessible Freegold Mountain Property in the Yukon Territory. Highlights include:



  • A 400.48 metre intersection (RVD19-02, 77.52 – 478.00m) of epithermal style mineralization at the WAu Breccia with 1.21 grams per tonne (g/t) gold equivalent** (AuEq**), containing 0.73 g/t gold (Au) and 0.23% copper (Cu), more than doubling the previously known depth of mineralization.


  • A 102.50 metre intersection (RVD19-02, 560.50 – 663.00) of gold-rich porphyry related mineralization (strongly potassic altered granite and chalcopyrite-magnetite breccia), with 1.26 g/t AuEq**, containing 0.73 g/t Au and 0.18% Cu.


  • Based on positive results from drill holes RVD19-01 and RVD19-02, an additional drill hole has been added to the program to further test for high grade porphyry mineralization beneath the WAu Breccia.



Table 1:
Highlighted Results from 2019 Drilling at the WAu Breccia


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=TIG%3ACC&qmodStoryID=5213256911957859 

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8020 Admin

8 days ago

8020 Admin posted a press release H2O Innovation will release its financial results for the fourth quarter and full fiscal year of 2019 in MI3 FINANCIAL COMMUNICATIONS INC.


QUEBEC CITY, Sept. 12, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces that it will release its financial results for the fourth quarter and full fiscal year ended on June 30, 2019 on Wednesday, September 25, 2019, at approximately 8:00 a.m. (EDT). The Corporation will also host a conference call, on the same day, at 10:00 a.m. (EDT).


Financial analysts and investors are invited to attend this conference call during which the 2019 fourth quarter and full fiscal year results will be presented. The call will begin with a presentation by management followed by a question-and-answer period. A slide presentation will be available on the Corporate Presentations page of the Investors section of the Corporation’s website.


Time and date: Wednesday, September 25, 2019 at 10:00 a.m. (EDT)
Dial in number: 1-877-223-4471 or 647-788-4922


About H2O Innovation 
H2O Innovation designs and provides state-of-the-art, custom-built and integrated water treatment solutions based on membrane filtration technology for municipal, industrial, energy and natural resources end-users. The Corporation’s activities rely on three pillars which are i) water & wastewater projects, and services; ii) specialty products, including a complete line of specialty chemicals, consumables and specialized products for the water treatment industry; and iii) operation and maintenance services for water and wastewater treatment systems. For more information, visit www.h2oinnovation.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.


Source:
H2O Innovation Inc.  
www.h2oinnovation.com 

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com 


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8020 Admin

9 days ago

8020 Admin posted a press release Relevium Announces Results of Annual Meeting of Shareholders and Updates Other Regulatory Matters in MI3 FINANCIAL COMMUNICATIONS INC.

MONTREAL, Sept. 11, 2019 (GLOBE NEWSWIRE) -- Relevium Technologies Inc. (TSX.V: “RLV”, OTCQB: “RLLVF” and Frankfurt: “6BX”) (the “Company” or “Relevium”), is pleased to announce the results of the Company's annual general and special meeting (the "AGM") held on September 6, 2019, in Montreal, Quebec. The Company is also pleased to provide other general regulatory updates. 


At the recent annual and special meeting of shareholders held on Friday September 6, 2019, shareholders overwhelming voted in favor of the following items: (i) re-election of the board of directors of Relevium; (ii) appointment of auditors, Guimond Lavallee Inc., Chartered Professional Accountants; and (iii) authorization to voluntarily de-list the common shares of the company from the TSX Venture Exchange and to list the common shares on the Canadian Securities Exchange (CSE).


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=RLV%3ACA&qmodStoryID=8033338824332364 

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8020 Admin

9 days ago

8020 Admin posted a press release Drilling at Interlake Shear Hits 32.0 m Grading 0.71 g/t Au, Including 2.8 m Grading 3.31 g/t in MI3 FINANCIAL COMMUNICATIONS INC.

Qiqavik Property Expanded by 10% to Cover New Wide Mineralized Shear Zone

TORONTO, Sept. 11, 2019 /CNW/ - Orford Mining Corporation ("Orford") (TSX-V: ORM) is pleased to announce the completion of the summer 2019 Exploration program on its 100% controlled Qiqavik gold project in the Cape Smith Belt in northern Quebec. Following the completion of the first and second phase exploration programs consisting of an Airborne Electromagnetic (EM) Survey, Ground Induced Polarization (IP) Survey and detailed prospecting and structural mapping, Orford has completed a 1,368 metre drilling program in 6 holes at Interlake, IP lake and the Focused Intrusive (Figure 1).  This exploration work continues to define shear-hosted gold mineralization along several trends.  In order to cover the western extension of the newly discovered IP Lake Shear Corridor, Orford has increased the size of the Qiqavik property by nearly 10% by adding 75 claims or 31 km2 for a new total of 348 km2.


David Christie, President and CEO of Orford, commented, "We are excited to have discovered visible gold in the newly defined 7km+ IP Lake Shear corridor which may explain several high gold grain count glacial dispersion trains. The 2019 drilling of QK-19-001 and QK-19-004 have extended the Au-bearing Interlake shear zone along strike to over 2 km. The potential unveiled by the results of the VTEM survey at the Esperance Copper-Gold Zone is promising for future exploration programs. We look forward to getting the rest of our results back and planning our 2020 exploration program."


Key 2019 Exploration Program Take-Aways:



  • Extension of the mineralized trend at Interlake to a 5 km strike length with the identification of a thick (up to 500 m wide) structural package of multiple shears and crosscutting structures often coincident with pyrite, chalcopyrite, sphalerite and galena mineralization. (Figure 2).


  • Identification of a large new structural corridor (75-100 m wide) that extends from IP Lake westward for approximately 10 km. The shear is hosted in basalt and meta-sediments and contains large quartz vein boulders with sphalerite, chalcopyrite, galena, pyrite and visible gold (Figure 2). Orford's claim position has been expanded by 10% to cover the IP Lake Shear Zone to the west.


  • Identification of new Au anomalies in boulders up to 648 g/t Au1 (Figure 3) defining dispersion trains pointing towards the IP Lake structural corridor (Figure 2).


  • Successful in intersecting sulphide mineralization together with shearing and/or strong alteration in all drill holes.


  • All six drill holes intersected various types of mineralization that explained the geophysical anomaly being targeted. Assays are pending for the majority of drilling, however partial results from three holes received have all returned gold-bearing intersections (Table 2).


  • Key drilling intersections: Three drill holes tested the Interlake trend over more than 2 km of strike and intersected a number of thick altered/sheared/sulphide mineralized horizons (Figure 4). Two drill holes representing the first testing of the IP Lake Shear Zone, were drilled 600 m apart and intersected thick sections of altered / sheared / sulphide mineralized horizons. One drill hole tested the Focus intrusion and intersected altered and sheared granodiorite with quartz veining and disseminated sulphides.


  • Drill hole QK-19-004 testing the Interlake structural zone 300 m east of drilling completed in 2018 (QK-18-007, 24.6 metres grading 0.48 g/t)2 intersected 32.0 m grading 0.71 g/t gold, including 2.8 m grading 3.31 g/t gold in an altered volcaniclastic.


  • Identification of new untested EM drill targets along the main Esperance trend and additional EM anomalies to the south of the main trend associated with Au (up to 10 g/t in boulders) (Figure 5).


  • Discovery of a new south trend at Esperance sulphide mineralization in surface sampling.


 


1) Note that grab samples are selective by nature and values reported may not be representative of mineralized zones


2) All drilling intervals are down-hole lengths. True thicknesses cannot be estimated with available information.



Figure 1: Overview of 2019 Work Completed at Qiqavik (CNW Group/Orford Mining Corporation)



Summary of Field Surveys Completed and New Targets Outlined



  • 34.8 line-km of IP surveying using Abitibi Geophysics' OrevisionTM system at Interlake and IP Lake (Figure 2) The survey was conducted at various line spacings in a pole-dipole configuration with an "a"-spacing of 25 m.


  • 1,128 line-km airborne EM survey using Geotech's VTEMTM plus time-domain system covering Esperance, Interlake and West Gerfaut at 100m line spacing (Figure 1).


  • 289 frost boil samples (bringing total to 5,022 samples property-wide) (Figure 1).


  • 627 grab samples (bringing total to 2,647 samples property-wide) (Figure 1). 153 large till samples (213 property-wide).


  • 1,368 meters of diamond drilling at Interlake (725m in 3 holes), IP lake (402 m in two holes) and Focused intrusive (240 m in one hole) (Table 1).


Table 1: 2019 Drill Hole Information


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=ORM%3ACC&qmodStoryID=4766287346838751 

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8020 Admin

9 days ago

8020 Admin posted a press release betterU Issues Bi-Weekly Default Status Report Regarding Management Cease Trade Order in MI3 FINANCIAL COMMUNICATIONS INC.

OTTAWA, Sept. 11, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA), (the "Company" or "betterU") is providing this bi-weekly default status report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). In its initial default announcement of July 25, 2019 (the "Default Notice"), the Company announced the delay in the filing of its audited annual financial statements for the fiscal year ended March 31, 2019 (the "2018 Annual Financial Statements"), the accompanying management's discussion and analysis and the related CEO and CFO certifications (collectively, the "Annual Filings") by the filing deadline of July 29th 2019.


As previously announced, the Company applied for and was granted management cease trade orders in respect of the delayed Annual Filings (the "MCTO") by the British Columbia Securities Commission and the Ontario Securities Commission which prohibit the chief financial officer and the chief executive officer from trading in the Company's securities for so long as there are filings that are outstanding under applicable securities laws. The MCTO does not affect the ability of the general investing public to trade in the Company's listed common shares.


The audit of the 2018 Annual Financial Statements is well underway with BDO and the Company currently continues to expect to file the Annual Filings before the end of September 2019.

The Company confirms that since the Default Notice: (i) there is no material change to the information set out in the Default Notice that has not been generally disclosed; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the Company under NP 12-203; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed.

The Company will continue to comply with the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains in default of the filing requirements set out above.

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.


About betterU
betterU, an online education technology company, aims to provide access to quality education from around the world in order to foster growth and opportunity to those who want to better their lives. The Company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated ecosystem. betterU’s offerings can be categorized into four broad functions: to compliment school programs with flexible KG-12 programs preparing children for their next stage of education, to foster an exceptional educational environment by providing befitting skills that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training them and lastly, to connect the end user to various job opportunities.


By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, BetterU will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of BetterU’s system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution. betterU does not assume any obligation to update any forward-looking statements except as required by law.


CONTACT INFORMATION


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO


Investor Relations
1-613-695-4100
Email: ir@betteru.ca

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8020 Admin

4 hours ago

8020 Admin posted a press release MGX Minerals Forms Strategic Alliance with DST Co., Ltd. to Develop Vertically Integrated Vanadium Redox Mining and Manufacturing Partnership in MI3 FINANCIAL COMMUNICATIONS INC.

VANCOUVER, BC / ACCESSWIRE / September 20, 2019 / MGX Minerals Inc. ("MGX" or the "Company") (CSE:XMG)(FKT:1MG)(OTCQB:MGXMF) is pleased to announce it has entered into a Letter of Intent (the "LOI") with DST Co., Ltd. ("DST") to create a joint venture as part of the formation of a vertically integrated vanadium redox battery supplier. The objective of the partnership is to advance a sedimentary-bearing vanadium deposit located in South Korea and develop a manufacturing facility for vanadium redox flow batteries and energy storage systems.


Additionally, the Company and DST have agreed to identify sites in the state of New York suitable to build a manufacturing facility that will produce vanadium batteries. DST will provide proprietary battery technology and build a manufacturing facility while MGX will manage sales and marketing of end products throughout North America.



Qualified Person


Andris Kikauka (P. Geo.), Vice President of Exploration for MGX Minerals, has prepared, reviewed and approved the scientific and technical information in this press release. Mr. Kikauka is a non-independent Qualified Person within the meaning of National Instrument 43-101 Standards.


About DST Co. Ltd.


DST Co., Ltd. is a publicly traded company listed on the KOSDAQ in South Korea. It engages in the development and distribution of mineral resources. It operates through the following businesses: Resource Development, Machines, and Others. Its products and services include molybdenum, foods, conditioning equipment for automobiles, rental services, and others. The company was founded on May 11, 1995 and is headquartered in Changwon-si, South Korea. For more information visit www.ds-t.co.kr.


About MGX Minerals Inc.


MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Contact Information


Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements


This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com


SOURCE: MGX Minerals Inc.


View source version on accesswire.com:
https://www.accesswire.com/560373/MGX-Minerals-Forms-Strategic-Alliance-with-DST-Co-Ltd-to-Develop-Vertically-Integrated-Vanadium-Redox-Mining-and-Manufacturing-Partnership

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8020 Admin

14 hours ago

8020 Admin posted a press release Azimut Confirms Surface Gold Discovery on the Elmer Property, James Bay Region, Quebec in MI3 FINANCIAL COMMUNICATIONS INC.





Symbol: AZM.TSX Venture

LONGUEUIL, QC, Sept. 19, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce that substantial outcropping gold mineralization has been discovered at the Patwon Prospect on the Company's wholly-owned Elmer Property (the "Property") in the James Bay region of Québec. A total of 473 channel and grab samples were collected during the summer field program on the Property, including 281 at Patwon. Initial results were reported on July 16, 2019. The next exploration phase, which entails mechanized stripping and a maiden diamond drilling program, will take place in the fall.


HIGHLIGHTS (Figures 1 to 5)



  • At the Patwon Prospect, 191 channel samples (total length of 178.94 m) and 90 grab samples were collected from an area about 220 metres long by 100 metres wide. Sampling from this same area in 2018 produced 14 channel samples (total length of 6.18 m) and 17 grab samples.

  • Significant gold results were found across the whole area. All results from 2019 and 2018 are shown in Figures 4 and 5.

  • The best channel results are as follows:


    • Elm18-001 5.61 g/t Au over 0.59 m

    • Elm18-002 2.90 g/t Au over 3.52 m

    • Elm-2, 2' 1.38 g/t Au over 1.96 m

    • Elm-3 3.61 g/t Au over 1.56 m

    • Elm-4 6.47 g/t Au over 1.96 m

    • Elm-5 1.28 g/t Au over 0.98 m

    • Elm-6 2.16 g/t Au over 2.98 m

    • Elm-09 22.1 g/t Au over 2.95 m

    • Elm-10 36.3 g/t Au over 2.0 m

    • Elm-11 9.52 g/t Au over 7.1 m

    • Elm-12, 12' 1.14 g/t Au over 3.59 m

    • Elm-12'''' 22.54 g/t Au over 1.63 m

    • Elm-19 1.88 g/t Au over 1.0 m

    • Elm-33 3.33 g/t Au over 8.0 m incl. 5.33 g/t Au over 4.0 m

    • Elm-38 2.03 g/t Au over 1.39 m

    • Elm-40 24.36 g/t Au over 0.92 m
      In addition, a channel sample located 250 m SW from Patwon returned 25.2 g/t Au over 1.0 m.


  • Grab sample grades can be grouped as follows:


    • 14 samples with grades above 5.0 g/t Au, including:
      54.6 g/t Au, 25.6 g/t Au, 20.7 g/t Au, 11.65 g/t Au, 11.1 g/t Au, 9.84 g/t Au, 9.8 g/t Au, 9.24 g/t Au, 9.01 g/t Au, 8.98 g/t Au, 8.44 g/t Au, 7.12 g/t Au, and 5.61 g/t Au

    • 54 samples with grades ranging from 1.0 g/t to 5.0 g/t Au

    • 31 samples with grades ranging from 0.5 g/t Au to 1.0 g/t Au

    • Several veins located in the northwestern part of the prospect have higher silver values, up to 331 g/t Ag.


  • Mineralized facies correspond to a centimetric to metric network of quartz veins with strongly chloritized and carbonatized wall rocks containing 1% to 10% disseminated pyrite. A mafic intrusion cut by felsic to intermediate dykes constitutes the main host rock.

  • Four types of mineralized quartz veins have been identified:


    • Extensional veins, oriented NW-SE (Photo 1), oblique to the NE-SW schistosity; several extensional veins have a Z-fold shape;

    • Shear veins subparallel to schistosity;

    • Quartz stockwork mainly associated with felsic to intermediate dykes (Photo 2); and

    • Veins and/or mineralized wall rock at the contact between the felsic dykes and the mafic host lithologies (Photos 3 and 4).


  • The current field program points toward a sizeable target that remains open in most directions. The preliminary geometric model suggests a series of subparallel extensional veins contained within an interpreted mineralized envelope, 30 to 50 metres wide and roughly conformable to the NE-SW schistosity direction (see Figure 5).

  • The Patwon Prospect is part of a newly interpreted 7-kilometre-long high-grade trend that includes four other prospects: Gabbro Zone (up to 77.8 g/t Au, 167.0 g/t Ag), Gold Zone (up to 102.5 g/t Au), Patwon East (up to 2.2 g/t Au) and East Zone (up to 6.3 g/t Au) (see Figures 2 and 3). Historical prospecting along this trend has been sporadic and limited. The encouraging results from the Patwon Prospect this summer warrant further exploration along this trend.


The Elmer Property comprises 276 claims covering 145.4 km2 over a 22-kilometre strike length. It was acquired by map designation in 2018 (see press releases of September 13, 2018, November 20, 2018 and June 13, 2019). The Property is located 285 kilometres north of Matagami, 60 kilometres east of the municipality of Eastmain, and 40 kilometres west of the James Bay Road. The region benefits from quality infrastructure that includes major access roads, a hydro-power grid and airports.


Channel and grab sample positions were recorded with a high-precision GPS. The channels were cut generally perpendicular to vein strike. Grab samples are selective by nature and unlikely to represent average grades.


This press release was prepared by Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101.


About Azimut


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 53.3 million shares outstanding.


Azimut holds the largest mineral exploration portfolio in Quebec. The Company's edge against exploration risk is founded on systematic regional-scale data analysis and multiple concurrently active projects. This includes two regional strategic alliances with SOQUEM for six (6) gold properties in the James Bay region and three (3) major gold-copper properties in the Nunavik region.


www.azimut-exploration.com 


SOURCE Azimut Exploration Inc.


View original content: http://www.newswire.ca/en/releases/archive/September2019/19/c9603.html



Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015 - Fax: (450) 646-3045, info@azimut-exploration.com

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8020 Admin

14 hours ago

8020 Admin posted a press release Ellis Martin Report: Interview with Victor Cantore from Amex Exploration (TSXV:AMX) in MI3 FINANCIAL COMMUNICATIONS INC.

Malibu, CA, United States (ABN Newswire) - Join Ellis Martin for a conversation with Victor Cantore, the President and CEO for AMEX Exploration (CVE:AMX)(OTCMKTS:AMXEF). AMEX Exploration is exploring its 100% owned Perron Gold Project in Quebec, Canada featuring super high-grade intersects.

AMEX, during their 2018/2019 drilling program has returned multiple super high grade gold intersects. Visible gold has been intersected in virtually every hole of the High Grade Zone exploration program. Listen to the latest interview for very recent high grade drill results.

To view the Interview, please visit:
https://www.abnnewswire.net/press/en/99135/amx  


About Amex Exploration Inc:

Amex Exploration Inc. (CVE:AMX) (OTCMKTS:AMXEF) is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions on Quebec and Ontario. Amex has multiple highly prospective projects: the 100% owned Perron gold project located 110 kilometers north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4,518 hectares; the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares and the 100% owned Cameron project located in Lebel-sur-Quevillon, Quebec, comprising 263 claims covering 14,743 hectares. In addition, Amex has an option agreement to acquire a 100% interest in the Gowan Property located near the Kidd Creek Mine.

About The Ellis Martin Report:

The Ellis Martin Report (TEMR) is an internet based radio program showcasing potentially undervalued companies to an audience of potential retail investors and fund managers that comprise our listening audience. TEMR is broadcasted on the VoiceAmerica Business Channel and The Opportunity Radio Network. CEO and company interviews are paid for by those represented on the program.


Source:

Amex Exploration Inc
The Ellis Martin Report


Contact:


Victor Cantore

President and Chief Executive Officer
Amex Exploration: 514-866-8209
www.amexexploration.com

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8020 Admin

1 day ago

8020 Admin posted a press release Relevium Announces Intention to Spin-Out Pediatric Cannabis Subsidiary Biocannabix in MI3 FINANCIAL COMMUNICATIONS INC.


MONTREAL, Sept. 19, 2019 (GLOBE NEWSWIRE) -- Relevium Technologies Inc. (TSX.V: “RLV”, OTCQB: “RLLVF” and Frankfurt: “6BX”) (the “Company” or “Relevium”), announces its intention to create a new, publicly-traded company through a spin-out of its pediatric, medical cannabis subsidiary, Biocannabix Health Corporation (“Biocannabix”).  


STRATEGIC CONSIDERATIONS FOR MANAGEMENT
Management, the board of directors and its advisors are pleased to announce the Company’s intention to create additional value for its shareholders through a potential spin-off of its medical cannabis business, thus creating an independent, publicly-traded and vertically-integrated biopharma business focused on paediatric endomedicine with expected dividends for shareholders.


The Company currently operates in two segments:



  1. CPG (Consumer Packaged Goods): Through its US based business, BGX E-Health LLC, the Company generates revenues from direct-to-consumer sales of health and wellness products through a portfolio of trusted brands. This subsidiary seeks to leverage the high-growth hemp CBD market in the US through each brand and market segment.
     

  2. Paediatric Biopharma: Through its Canadian based business, Biocannabix, the Company is highly focused on the development of paediatric endomedical (cannabinoid) formulations with a strong operational footprint in Canada (sales, import/export and research), Colombia (cultivation, extraction and clinical development) and Germany (Licensing and Distribution).


Management, the board and its advisors are evaluating the possibility of a spinout to unlock value through two separate vertically integrated businesses, each of which requires a different skill set and resources. “From a strategic point of view, operating two separate businesses with two different management teams creates focus, which translates into better alignment of stakeholder expectations and execution” stated Aurelio Useche, CEO of Relevium Technologies.


The final decision to spinout Biocannabix is subject to the approval of the board of directors, the exchange and the shareholders of the Company.      


SPIN-OUT TO UNLOCK EMBEDDED VALUE IN BIOCANNABIX
Management, the board and corporate advisors are carefully considering the creation of a new publicly- traded corporation through a spinout in order to unlock the value of the embedded business, which has significantly different drives for growth and value creation.


The proposed spinout allows Biocannabix to raise its own capital through the capital markets to fund its development and future growth, allowing both companies to focus on their core operations, better allocation of resources and allowing the market to assign greater valuation to the individual components.


UNIQUE OPPORTUNITY IN MEDICAL CANNABIS THROUGH INTEGRATED BIOPHARMA
The focus of Biocannabix is on the development of phyto-derived and synthetic drugs for specific pediatric conditions. The company has developed a full scientific ecosystem from genetics, scientific partnerships and clinical research between Canada and Colombia. Additionally, the company has cultivation and extraction operations in Colombia, which is intended to provide positive cash flows in the short term thus supporting the medium and long-term development of natural and pharma products.


STRATEGIC POSITIONING IN COLOMBIA AND LATAM THROUGH LIFELINE PHARMA SAS
On June 12, 2019, the Company announced a binding transaction to acquire Lifeline Pharma SAS (“Lifeline”), a cultivation and extraction company located in Cali, Colombia. The 25-hectare project includes an initial commercial pilot of 5 hectares and full development into 25 hectares with the option to add an additional 60 hectares. The initial 5 hectares includes local offices, a laboratory, a fully enclosed greenhouse for tissue culture and micropropagation and an initial cultivation of over 200,000 square feet in green houses. The acquisition includes three licences (1) extraction and manufacturing, (2) cultivation with THC and (3) non-psychoactive cultivation, all with scientific research, domestic sales and export modalities. The Company will gain low-cost infrastructure, which will allow for an estimated full capacity of 170,000 kg per year with an initial estimated cost of production $0.53 per gram.


Lifeline is a privately owned vertically-integrated, agro-pharma business dedicated to scientific research, growth, extraction, production and export of medicinal grade cannabis derivatives. Lifeline leverages 150 years of organic agriculture located in Rozo, Valle del Cauca, in the heart of the sugar cane enclave, only 7 minutes away from the international airport and 10 minutes away from Cali, the third largest city in the country.


The addition of Lifeline to the Company positions Biocannabix at the center of a developing cannabis market and at the forefront of a scientific and clinical ecosystem with access to a rapidly developing legal context in Latin America.


CANADIAN OPERATIONS AND LICENSING


Sales and Research licensing through the acquisition of Weedsense Inc.
On June 5, 2019, the Company announced it had signed an LOI to acquire Weedsense Inc. (“Weedsense”), a late stage applicant for a standard processing, import/export and medical sales license with Health Canada.


Weedsense is pursuing a wholesale and distribution business model that fills a gap in the Canadian cannabis supply chain. Additionally, it will provide Biocannabix with the ability to market and distribute CannakidsTM unique pediatric formulations exclusively throughout Canada. Weedsense’s business model includes the direct distribution of wholesale and bulk products from licensed producers or processors to medical patients through a network of pharmacies and clinics. Weedsense will also service the recreational market by acting as a distributor to provincially-sanctioned wholesalers such as the Ontario Cannabis Store (OCS) or Société Québécoise du Cannabis (SQDC).


Exclusive Sales and Distribution of Pediatric Cannakids TM  
On May 30, 2019 the Company acquired the exclusive licence from California-based, medical cannabis leader Cannakids TM. The exclusive license includes intellectual property, formulations, SOPs and patient data for pediatric applications, to be leveraged for the development of the Canadian market.


Cannakids TM is a pioneer in pediatric, cannabinoid extracts with thousands of patients over the past 4 years. Using nurse-guided assistance, the brand has been synonymous with some of the most recognized patient success stories in the world. Catering to patients of all ages, Cannakids employs medical experts with dosing expertise that span across hundreds of ailments. The company has indication-specific formulations backed by anecdotal and in-house patient data.


About Relevium Technologies
Relevium is a publicly traded company that operates in the health and wellness industry, including legal cannabis, with a primary focus on online distribution. The principal business of the Company is the identification, evaluation, acquisition and operation of brands and businesses in the health and wellness markets and medical cannabis. The Company pursues its business strategy through an acquisition and partnership model in a holistic approach to encompass a wide range of health and wellness consumer products. Relevium operates through two wholly owned subsidiaries:


BGX E-Health LLC (BGX), based in Orlando, Florida, markets dietary supplements, nutraceuticals, sports nutrition and cosmeceuticals primarily through its Bioganix® brand portfolio in the US and Europe. Relevium’s premium brands are sold at some of the world’s largest retailers including Walmart.com and Amazon.com.


Biocannabix Health Corporation (BCX), based in Montreal, Quebec, is a biopharma nutraceutical company focused on delivering pediatric endo-medicinal nutraceuticals for cannabinoid therapy.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Cautionary Note Regarding Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian and United States securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, are forward-looking statements and contain forward-looking information. Generally, forward- looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", or "would" occur. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information.


Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek to rely on the applicable safe harbor.


On Behalf of the Board of Directors


RELEVIUM TECHNOLOGIES INC.


Aurelio Useche
President and CEO


For more information about this press release:
Tel: +1.888.528.8687
RELEVIUM TECHNOLOGIES INC
Email: investors@releviumcorp.com
Website: www.releviumtechnologies.com
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8020 Admin

1 day ago

8020 Admin posted a press release Imperial Retains CHF Capital Markets to Provide Investor Relations Services in MI3 FINANCIAL COMMUNICATIONS INC.


MONTREAL, Sept. 19, 2019 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG) is pleased to announce that it has retained CHF Capital Markets (“CHF”) to provide investor relations services under a 12 month contract effective immediately and ending Sept. 12, 2020. Thereafter, the contract may be extended month to month with a two months cancellation notice. The services will include support for investment community outreach, corporate communications, branding and social and digital marketing as well as arranging investor meetings.


Under the terms of the agreement, which is subject to TSX Venture Exchange approval, CHF will receive $6,000 per month in fees and will be granted an incentive stock option to purchase 350,000 shares priced in the context of the market on the date of has grant. Company options vest quarterly over twelve months and have a five-year term. Upon termination of the services agreement, any unexercised options will expire after 30 days, as required under TSXV policy.


“We are advancing our two key projects - the Opawica gold project and the Crater Lake scandium-rare earth project in prolific mining regions of Quebec,” said Imperial’s President and CEO, Peter Cashin. “Now is an ideal time to engage Cathy Hume and the well-regarded CHF team to introduce our story to an extensive audience of mining-savvy professionals through face-to-face meetings and digital platforms. Our project activities should allow for continuous news flow throughout the year. We look forward to working with Cathy and her team to enhance Imperial’s investor profile and to communicate the significant investment opportunities that Imperial Mining offers.”


Imperial intends to focus on its two most advanced 100%-owned mineral properties: Opawica Gold and the Crater Lake scandium-rare earth projects in Quebec. The Opawica gold property is in the prolific Bachelor Lake-Windfall Lake region, lying within major regional deformation corridors that host several gold occurrences and some former gold producers, including the Joe Mann mine, the Bachelor Lake mine and Osisko’s advanced Windfall Lake project. Historical drilling from the Central Zone returned up to 6.9 g/t gold (Au) over 3.8 m and 87.7 g/t Au over 1.5 m. The Crater Lake Project is located 200km northeast of Schefferville, Québec consisting of 57 contiguous claims covering 27.8km2. Winter drilling program reported impressive grade of 95.5 m grading 314 g/t scandium oxide (Sc2O3), including 16.3 m grading 353 g/t Sc2O3 and 113.9 m grading 310 g/t Sc2O3, including 354 g/t Sc2O3 over 12.0 m.


ABOUT IMPERIAL MINING GROUP LTD.


Imperial is a Canadian mineral exploration and development company focused on the advancement of its copper-zinc, gold and technology metals properties in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.


Visit our website for more information: https://imperialmgp.com/


For further information, please contact:


Peter J. Cashin, President & CEO  
Phone: +1 (514) 360-0571
Email: info@imperialmgp.com


CHF Capital Markets
Cathy Hume, CEO
Phone: +1 (416) 868-1079 x231
Email: cathy@chfir.com


This press release may contain forward-looking statements relating to the Company’s operations or to its business environment. Such statements are based on the Company’s operations, estimates, forecasts, and projections, but are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or control. Several factors could cause actual outcomes and results to differ materially from those expressed. These factors include those set forth in the corporate filings. Although any such forward-looking statements are based upon what management believes to be reasonable assumptions, the Company cannot guarantee that actual results will be consistent with these forward-looking statements. In addition, the Company disclaims any intention or obligation to update or revise any forward-looking statements, for any reason. We also do not commit in any way to guarantee that we will continue reporting on items or issues that arise. Investors are cautioned that this press release contains quoted historical exploration results. These are derived from filed assessment reports and compiled from governmental databases. The Company and a QP have not independently verified and make no representations as to the accuracy of historical exploration results: these results should not be relied upon. Selected highlight results may not be indicative of average grades.


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.



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8020 Admin

1 day ago

8020 Admin posted a press release Beleave Announces Operational Updates and Q1 2019 Financials Release Date in MI3 FINANCIAL COMMUNICATIONS INC.

Toronto, Ontario--(Newsfile Corp. - September 19, 2019) - Beleave Inc. (CSE: BE) (OTCQX: BLEVF) ("Beleave" or the "Company") today provides an update to its shareholders and prospective investors regarding the sale of the Lloydminster retail location, the London cultivation facility leaseback, the release date of its Q1 2019 financials, and the potential merger with Terrafarma Inc.


Lloydminster Retail Sale Update


As previously disclosed on August 29, 2019, the Company is selling its retail location in Lloydminster, Saskatchewan. Beleave has agreed to sell the location for $2 Million CAD, and the Company is expecting to receive the funds within the next 30 days. The new owners will take possession of the store in mid-October will continue cannabis retail operations in the space.


London Facility Leaseback Update


As previously disclosed on August 29, 2019, the Company signed of a letter of intent on Tuesday, August 27, 2019, to negotiate with a private purchaser to sell the Company's London, Ontario cultivation facility. Beleave will lease back 50 percent of the property after the sale is finalized to continue using the facility for cannabis production.


Beleave will earn a total $7 Million CAD for the sale of the property, with an initial cash payment of $3 Million CAD to be paid once the deal is finalized. Discussions have been positive, and the Company anticipates announcing the closing of the agreement in the coming weeks.


Release of Q1 2019 Financials


Beleave will release its Q1 2019 financial statement by Monday, September 30, 2019. The Company made an extension request to the OSC to postpone the release of its Q1 2019 financial statements, originally due August 30, 2019, for the three months ended June 30, 2019. With the September 30, 2019 release date set for release, Beleave is meeting its revised deadline in accordance with the delay announcement on September 6, 2019.


Update on Terrfarma Merger LOI


The Company has completed discussions with Terrafarma Inc. ("Terrafarma") regarding the intent of both parties (the "Parties") to merge their respective businesses. After lengthy discussions, the Parties have agreed to not pursue a merger at this time.


Since August 7, 2019, both Parties were in discussions to merge and have Beleave acquire 100% of the issued and outstanding shares of Terrafarma Inc. such that the current shareholders of Terrafarma would become shareholders of Beleave, and Terrafarma would become a wholly owned subsidiary of the Company. The precise structure of the proposed transaction, and the general terms and conditions, were subject to further discussions among the Parties and both parties had agreed to an initial thirty-day discussion and analysis period, which was extended to allow for more time to conduct due diligence and to consult with securities specialists and other professional advisors.


"We appreciate the time and consideration of both parties during our discussions and we thank the Terrafarma team for their cooperation and work during that period," said Beleave CEO, Bill Panagiotakopoulos. "In the fast-paced cannabis market it can often be difficult to determine a static valuation for a private company, and Beleave has an unparalleled opportunity to be profitable in a mature cannabis marketplace while leveraging our research and new technology. We will continue to review options in the future that benefit our business objectives and our stakeholders."


Additional Updates


Beleave looks forward to providing further updates to the market on the above-mentioned developments as negotiations are finalized and further developments occur.


ABOUT BELEAVE INC.


Beleave is an ISO certified, Canadian cannabis company headquartered in the Greater Toronto Area that cultivates high-quality cannabis flower, oil and extracts for medical and recreational markets. Beleave is fully-licenced to cultivate and sell medical and recreational cannabis and is leading the way through research partnerships with universities to develop pharma-grade extracts and derivatives.


Beleave is developing new product lines, including cannabis-infused products, oils, vape pens, and other novel cannabis delivery methods for 2019. Beleave has developed a network of medical cannabis clinics in Ontario and Quebec under the Medi-Green banner. Through its majority ownership of Procannmed S.A.S., Beleave is fully licensed to cultivate, produce, and extract medical cannabis in Colombia positioning it to capitalize on exports and the expanding Latin American market. The Company has partnered with Canymed GmbH to supply the German market with medical cannabis.


 


Investor Relations Contact:
Kevin Keagan
Interim Chief Financial Officer
Phone: 1 (647) 449 - 7352
Email: kkeagan@beleave.com


 


Forward-Looking Statements


This news release contains "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). The use of any of the words "plan", "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and other similar words, or statements that certain events or conditions "may" or "will" occur are intended to identify forward-looking information. These statements are only predictions. Although the Company believes that the expectations and assumptions on which the forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. This information speaks only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents, which can be found under the Company's profile on www.sedar.com.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/47941

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8020 Admin

1 day ago

8020 Admin posted a press release RETRANSMISSION: High Grade Gold Intersected on Gratien Gold Zone at Perron With Results up to 16.48 g/t Au over 14.6 m Including 315.4 g/t Au over 0.5 m and 102.96 g/t Au over 0.7 m in MI3 FINANCIAL COMMUNICATIONS INC.

MONTREAL, Sept. 19, 2019 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to report the results of several drill holes on the Gratien Gold Zone (“Gratien”) on its Perron property in northwestern Quebec, Canada (see figures 1 and 2). A complete list of results is provided in table 1. Amex provides all drill data on its website at http://www.amexexploration.com/perron/drill-data-room/


In addition, the Company is very pleased to announce to date that it has completed approximately 27,000 metres during of its previously announced 25,000 metres 2019 drilling campaign. Amex plans to drill an additional 15,000 metres during 2019 for a planned total of 40,000 metres, using two drill rigs. This continued drilling will focus on expanding the Eastern Gold Zone (EGZ), the Gratien Gold Zone and the Grey Cat Zone, as well step-out exploration drilling along strike from the known mineralized showings. This additional drilling is fully funded from existing capital.


The Company initiated a drilling campaign on Gratien utilizing the same targeting methodology that was applied to identify the bonanza grades at the Eastern Gold Zone. The Gratien is located approximately 1.5 km from the EGZ and is a kilometer-long mineralized system comprised of several lenses of gold mineralization. All of the announced drill holes that intersected the Gratien zone are in close proximity to target depths, with high-grade gold intersects coming from the Main Gratien Zone as well as the Gratien Upper Zone, as shown in figures 2, 3, and Table 1.  



  • Hole PE-19-89 intersected 16.48 g/t Au over 14.60 m including a very high-grade core of 47.69 g/t Au over 4.95 m with individual intercepts of 315.40 g/t Au over 0.50 m and 102.96 g/t Au over 0.70 m at a vertical depth of ~145 m.

  • Hole PE-19-71 intersected 3.13 g/t Au over 12.80 m including 68.99 g/t Au over 0.50 m at a vertical depth of ~185 m.

  • Hole PE-19-72 intersected 29.21 g/t Au over 1.30 m including 75.56 g/t Au over 0.50 m at a vertical depth of ~85 m.

  • Hole PE-19-73 intersected 2.45 g/g Au over 15.20 m including 46.68 g/t Au over 0.50 m at a vertical depth of ~125 m.


Victor Cantore, CEO of Amex Exploration, commented, “Our Perron property, which is of district-scale potential, continues to return very high grade gold intercepts across the project. The results from the Gratien Zone indicate a very robust mineralized gold system. We look forward to continuing to define the potential of the known gold zones on the project, as well as regional exploration of undrilled structures to the east, west, and north of the known 2.4 km highly mineralized corridor. The Perron property hosts two faults each measuring 7 km which are dramatically underexplored. The exploration upside potential here is incredible.”


Table 1: Assay results from drill holes PEG-19-69, 71, 72, 73, 74, 75, 77 & 89 on Gratien


Read more here: https://quotemedia.com/portal/quote?qm_symbol=AMX%3ACA&qmodStoryID=7808183009908653 

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8020 Admin

1 day ago

8020 Admin posted a press release Dynacor Advances its Corporate Social Responsible Projects in Peru in MI3 FINANCIAL COMMUNICATIONS INC.


MONTREAL, Sept. 19, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (“Dynacor” or the “Corporation”) (TSX:DNG) (OTC:DNGDF) a leading ore purchasing and processing corporation servicing artisanal and small-scale miners (ASM) in Peru, today announced new advances to its corporate social responsible (CSR) projects under the PX Impact™ label.


Dynacor works to continuously improve the health and education of the ASM (artisanal small-scale miners) communities it serves. To date, Dynacor has funded via its PX Impact™ program USD 162K.


2019 To Date:



  • Miguel Grau school, Alto Molino, Rio Grande district, Condesuyos province, Arequipa region:

    • construction materials for the development of new classrooms;
       



  • Jardin de Amor school, La Aguadita, Chala district, Caraveli province, Arequipa region:

    • development of new green area garden to help in educating the children on environmentally responsible practices;        





  • Sagrado Corazon de Jesus school, northern Chala, Chala district, Caraveli province, Arequipa region:

    • construction materials for the roof of a new sports facility; new audiovisual equipment and warehouse;




  • Manuel Scorza school, Llacuabamba, Parcoy district, Pataz province, La Libertad region:

    • provided funding for classroom renovations, furnishings, and a complete set of 30 brand new desktop computers.




2018



  • Ricardo Palma school, Secocha, Ocona district, Camana province, Arequipa region:

    • development of two new computer and science labs, new bathrooms and a roof for sports facility. 




The PX Impact™ projects are financed from the sale of responsible gold under the PX Impact™ label in Europe. A growing number of supportive firms from the fine luxury jewellery, watchmakers and banking sectors have agreed to pay a small premium. These firms are incorporating the use of responsibly sourced traceable gold that is produced from ASMs. One hundred percent of the premiums paid are used in the projects. There are no administrative fees, and the two partners Dynacor/PX Precinox jointly assume the overhead.


This business to business approach in the gold supply chain is the first of its kind. It will significantly benefit the small-scale mining communities in Peru that supply the mineralized gold ore.


This responsible gold supply chain supports: 



  • The formalization process of the artisanal mining sector in Peru;
     

  • Better health, education and economic well-being for artisanal mining communities in Peru. 


ABOUT DYNACOR


Dynacor is a dividend paying gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through the processing of ore purchased from artisanal and small-scale miners (ASM). At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2018, Dynacor produced 81,314 ounces of gold, a yearly best and 1.8% increase as compared with 2017 (79,897 ounces).


Dynacor produces environmental and socially responsible gold through its ‘’PX Impact™’’ gold program. A growing number of supportive firms from the fine luxury jewelry, watchmakers and investment sectors are paying a small premium to our customer and strategic partner for this PX Impact™ gold. The premium provides direct investment to develop health and education projects to our ASM communities.


Dynacor trades on the Toronto Stock Exchange (DNG) and the OTC in the United States under the symbol (DNGDF).


FORWARD-LOOKING INFORMATION


Certain statements in the preceding may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management’s current expectations regarding future events and operating performance as of the date of this news release.


Dynacor (TSX: DNG / OTC: DNGDF)


Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold


Shares issued and outstanding: 38,961,726

For more information, please contact: Dynacor
Dale Nejmeldeen
Director, Shareholder Relations
Dynacor
T: (514) 393.9000 #230
E: investors@dynacor.com 


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8020 Admin

1 day ago

8020 Admin posted a press release High Grade Gold Intersected on Gratien Gold Zone at Perron With Results up to 16.48 g/t Au over 14.6 m Including 315.4 g/t Au over 0.5 m and 102.96 g/t Au over 0.7 m in MI3 FINANCIAL COMMUNICATIONS INC.

MONTREAL, Sept. 19, 2019 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to report the results of several drill holes on the Gratien Gold Zone (“Gratien”) on its Perron property in northwestern Quebec, Canada (see figures 1 and 2). A complete list of results is provided in table 1. Amex provides all drill data on its website at http://www.amexexploration.com/perron/drill-data-room/


In addition, the Company is very pleased to announce to date that it has completed approximately 27,000 metres during of its previously announced 25,000 metres 2019 drilling campaign. Amex plans to drill an additional 15,000 metres during 2019 for a planned total of 40,000 metres, using two drill rigs. This continued drilling will focus on expanding the Eastern Gold Zone (EGZ), the Gratien Gold Zone and the Grey Cat Zone, as well step-out exploration drilling along strike from the known mineralized showings. This additional drilling is fully funded from existing capital.


The Company initiated a drilling campaign on Gratien utilizing the same targeting methodology that was applied to identify the bonanza grades at the Eastern Gold Zone. The Gratien is located approximately 1.5 km from the EGZ and is a kilometer-long mineralized system comprised of several lenses of gold mineralization. All of the announced drill holes that intersected the Gratien zone are in close proximity to target depths, with high-grade gold intersects coming from the Main Gratien Zone as well as the Gratien Upper Zone, as shown in figures 2, 3, and Table 1.  



  • Hole PE-19-89 intersected 16.48 g/t Au over 14.60 m including a very high-grade core of 47.69 g/t Au over 4.95 m with individual intercepts of 315.40 g/t Au over 0.50 m and 102.96 g/t Au over 0.70 m at a vertical depth of ~145 m.

  • Hole PE-19-71 intersected 3.13 g/t Au over 12.80 m including 68.99 g/t Au over 0.50 m at a vertical depth of ~185 m.

  • Hole PE-19-72 intersected 29.21 g/t Au over 1.30 m including 75.56 g/t Au over 0.50 m at a vertical depth of ~85 m.

  • Hole PE-19-73 intersected 2.45 g/g Au over 15.20 m including 46.68 g/t Au over 0.50 m at a vertical depth of ~125 m.


Victor Cantore, CEO of Amex Exploration, commented, “Our Perron property, which is of district-scale potential, continues to return very high grade gold intercepts across the project. The results from the Gratien Zone indicate a very robust mineralized gold system. We look forward to continuing to define the potential of the known gold zones on the project, as well as regional exploration of undrilled structures to the east, west, and north of the known 2.4 km highly mineralized corridor. The Perron property hosts two faults each measuring 7 km which are dramatically underexplored. The exploration upside potential here is incredible.”


Table 1: Assay results from drill holes PEG-19-69, 71, 72, 73, 74, 75, 77 & 89 on Gratien


Read more here: https://www.quotemedia.com/portal/quote/?qm_symbol=AMX%3ACA&qmodStoryID=8976815302225174 

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8020 Admin

2 days ago

8020 Admin posted a press release Lucky Appoints Adrian Rothwell as President and Chief Executive Officer in MI3 FINANCIAL COMMUNICATIONS INC.

Vancouver, British Columbia - TheNewswire - September 18, 2019 - Lucky Minerals Inc. ("Lucky" or the "Company")(TSXV:LKY) is pleased to announce that its Board of Directors has appointed Adrian Rothwell as President & Chief Executive Officer ("CEO") as of September 17, 2019. As CEO Mr. Rothwell has also been appointed to the Board of Directors.


Chairman of the Board, Joao Carrelo, stated, "On behalf of the Company, I would like to welcome Mr. Rothwell as our incoming President and CEO. This marks an important milestone as we advance Lucky's copper and gold exploration projects."


Incoming CEO Mr. Rothwell commented, "With a clear plan for the 55,000 Ha. Fortuna Project, and supportive major shareholders, Lucky is well-positioned to deliver shareholder value. I look forward to working with the Board to build out the strategy, organization, and capital market profile of the Company."


Following Mr. Rothwell's appointment, Robert Rosner will become Executive Vice President, Operations of the Company.


Outgoing CEO, Mr. Rosner remains a Director and significant shareholder of the Company. The Board would like to thank Mr. Rosner for his efforts and looks forward to Robert being an integral part of the company as it executes its vision.


Mr Rothwell was the founder of, and remains a director of KORE Mining Ltd, currently developing the Imperial and Long Valley projects in the USA and exploration projects in Canada. Adrian is also a director of Fireweed Zinc Ltd, which owns the Macmillan Pass project in the Yukon. He is a former executive at Goldcorp Inc., and CFO for NuLegacy Gold Corp, Kiska Metals, and MBMI Resources Inc. A British Columbia Chartered Professional Accountant and member of Chartered Accountants of Australia and New Zealand. Adrian holds a BA in Economics from Macquarie University.


About Lucky


An exploration and development company targeting large-scale mineral systems in proven districts with the potential to host world class deposits.


The Fortuna Project


Lucky Minerals holds a 100% interest in Fortuna, a 550 km2 property in the heart of a proven and highly mineralized mineral district in Ecuador but which has seen only limited exploration and has never been drilled.


Evidence of significant hydrothermal alteration, stockwork, breccias, geochemical anomalies and placer mining supports potential for Cu/Au porphyry systems and epithermal Au deposits similar to numerous multi-million-ounce Au and bulk tonnage Cu deposits ~40km away.


Qualified Person Statement


Technical information with respect to the Projects contained in this news release has been reviewed and approved by Alain Moreau, P.Geo., VP Exploration, who is Lucky's designated qualified person for the purposes of NI 43-101.


ON BEHALF OF THE BOARD


"Adrian Rothwell"


Chief Executive Officer


Further information on Lucky can be found on the Company's website at www.luckyminerals.com and at www.sedar.com, or by contacting Adrian Rothwell, President and CEO, by email at info@luckyminerals.com or by telephone at (866) 924 6484.


Neither the 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 news release does not constitute an offer to sell or a solicitation of an offer to sell any Lucky common shares in the United States.


Cautionary Statement Regarding Adjacent Properties and Forward-Looking Information


This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labor relations matters. This list is not exhaustive of the factors that may affect the Company's forward-looking information. Important factors that could cause actual results to differ materially from the Company's expectations also include risks detailed from time to time in the filings made by the Company with securities regulations.


The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.

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8020 Admin

2 days ago

8020 Admin posted a press release Midland Identifies Numerous Targets on Its Gold Projects in the Abitibi Belt in MI3 FINANCIAL COMMUNICATIONS INC.

MONTREAL, Sept. 18, 2019 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report that several new prime exploration targets have been identified on its gold projects in the Abitibi Belt, namely in the Detour Lake belt in northern Abitibi (Sunday Lake, Lower Detour and B26 fault zones), in the Lebel-sur-Quevillon area, and on its properties located near the prolific Cadillac and Destor-Porcupine fault zones in southern Abitibi.


In addition, Midland would like to announce it is actively seeking new partnerships for many of its projects in order to launch new exploration campaigns as early as the fall of 2019.


Highlights:



  • Midland identifies several new drilling targets on its Casault JV, La Peltrie and Samson projects and controls more than 40 kilometres of favourable stratigraphy near the Sunday Lake and Lower Detour faults, with excellent potential for subsidiary faults similar to Detour Gold’s Zone 58N*. Targets include four (4) IP anomalies located in the extension of the Vortex Zone on Casault, three (3) IP anomalies on La Peltrie and four (4) new ground TDEM conductors on Samson.



  • Midland identifies several new drilling targets and controls more than 30 kilometres of favourable stratigraphy along the extensions of the B26* polymetallic deposit held by SOQUEM, with several new drill-ready conductors on its Adam project. These targets consist in five (5) untested VTEM/TDEM conductors.



  • Midland identifies new targets on its Maritime-Cadillac JV project and a new as-yet-untested favourable area near the contact between the Cadillac Fault and Timiskaming conglomerates on the Heva project northwest of the Canadian Malartic* mine consisting in six (6) drillings targets along the Dyke East, Dyke West and Maritime-Contact.



  • Midland controls more than 8 and 10 kilometres along the Destor-Porcupine and La Pause faults respectively on its Patris project and has identified extensive hydrothermal alteration zones with anomalous gold.



  • Midland identifies new drilling targets on the Laflamme JV project west of Lebel-sur-Quevillon consisting in new Gradient IP anomalies near the new Longshot gold showing.



  • Midland is actively seeking new partnerships in order to resume exploration and test its numerous gold targets along major gold-bearing fault zones in the Abitibi.


Detour Lake Belt


In the Detour Lake belt, Midland controls more than 40 kilometres of favourable stratigraphy near the Sunday Lake and Lower Detour faults and along the extensions of the B26* deposit. This extensive area includes the Casault JV, La Peltrie, Adam, and Samson gold properties, where several new drilling targets have been identified. Those targets include four (4) IP anomalies located in the extension of the Vortex Zone on Casault, three (3) IP anomalies on La Peltrie and four (4) new ground EM conductors on Samson as well as five (5) untested VTEM/TDEM conductors located just north of the Brouillan-Enjalran regional contact.


The Casault JV project is currently a 50/50 joint venture with SOQUEM Inc. It is located along the Sunday Lake Fault, approximately 40 kilometres east of the Detour Lake* mine. In 2017, Midland and SOQUEM discovered the Vortex zone, a significant gold-bearing system associated with alkaline intrusions. Midland is currently planning a new drilling campaign to test the eastward extension of the Vortex zone along a subsidiary of the Sunday Lake Fault, where the fault comes in contact with Timiskaming-type conglomerates and mafic volcanic rocks.


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=MD%3ACA&qmodStoryID=8084601609462561 

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8020 Admin

2 days ago

8020 Admin posted a press release Sierra Metals Announces Amendment and Increase of Current Normal Course Issuer Bid to a 2.5 Million Share Target in MI3 FINANCIAL COMMUNICATIONS INC.

TORONTO


Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) announces that the Toronto Stock Exchange (the "Exchange") has accepted a notice filed by the Company of its intention to amend its previously announced Normal Course Issuer Bid (the "NCIB") to increase the number of common shares of the Company (the "Shares") which the Company may repurchase for cancellation under the NCIB from 1,500,000 Shares, or approximately 0.92% of the issued and outstanding Shares as of the date of commencement of the NCIB, to 2,500,000 Shares, representing approximately 1.54% of the Company's issued and outstanding Shares as of September 17, 2019.


Under the NCIB, which commenced on December 17, 2018, the Company has repurchased and cancelled a total of 1,457,822 Shares at a weighted average price of $1.9307 per Share as of the date hereof.


Other than the increase to the maximum number of Shares which may be purchased by the Company pursuant to the NCIB, no further amendments have been made to the NCIB, and the NCIB is still set to terminate on December 16, 2019. For further details regarding the NCIB, please refer to the Company's prior news release dated December 11, 2018.


Igor Gonzales, President and CEO of Sierra Metals commented: “The Company’s Board of Directors continues to believe that the recent market prices of the Shares do not properly reflect the underlying value of such Shares. As a result, depending upon future price movements and other factors, and given the recent capital expenditure reductions, the Board believes that the purchase of the Shares is an appropriate use of corporate funds and is in the best interests of the Company and its shareholders. Furthermore, the purchases are expected to benefit all current shareholders of the Company by increasing their equity interest in the Company when the repurchased Shares are cancelled.”


About Sierra Metals


Sierra Metals Inc. is a Canadian-based growing polymetallic mining company with production from its Yauricocha Mine in Peru, and its Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.


 

The Company’s Common Shares trade on the Bolsa de Valores de Lima and on the Toronto Stock Exchange under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.


For further information regarding Sierra Metals, please visit www.sierrametals.com.


Continue to Follow, Like and Watch our progress:


Web: www.sierrametals.com | Twitter: sierrametals | Facebook: SierraMetalsInc | LinkedIn: Sierra Metals Inc | Instagram: sierrametals


Forward-Looking Statements


This press release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian and U.S. securities laws related to the Company (collectively, “forward-looking information”). Forward-looking information includes, but is not limited to, statements with respect to the Company’s operations, including anticipated developments in the Company’s operations in future periods, the Company’s planned exploration activities, the adequacy of the Company’s financial resources, and other events or conditions that may occur in the future. Statements concerning mineral reserve and resource estimates may also be considered to constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if and when the properties are developed or further developed. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “potential” or variations thereof, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information.


 

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, risks inherent in the mining industry including environmental hazards, industrial accidents, unusual or unexpected geological formations, floods, labour disruptions, explosions, cave-ins, weather conditions and criminal activity; commodity price fluctuations; higher operating and/or capital costs; lack of available infrastructure; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; risks associated with the estimation of mineral resources and the geology, grade and continuity of mineral deposits and the inability to replace reserves; fluctuations in the price of commodities used in the Company’s operations; risks related to foreign operations; changes in laws or policies, foreign taxation, delays or the inability to obtain necessary governmental permits; risks relating to outstanding borrowings; issues regarding title to the Company’s properties; risks related to environmental regulation; litigation risks; risks related to uninsured hazards; the impact of competition; volatility in the price of the Company’s securities; global financial risks; inability to attract or retain qualified employees; potential conflicts of interest; risks related to a controlling group of shareholders; dependence on third parties; differences in U.S. and Canadian reporting of mineral reserves and resources; potential dilutive transactions; foreign currency risks; risks related to business cycles; liquidity risks; reliance on internal control systems; credit risks, including risks related to the Company’s compliance with covenants with respect to its BCP Facility; uncertainty of production and cost estimates for the Yauricocha Mine, the Bolivar Mine and the Cusi Mine; and other risks identified in the Company’s filings with Canadian securities regulators and the U.S. Securities and Exchange Commission, which filings are available at www.sedar.com and www.sec.gov, respectively.


This list is not exhaustive of the factors that may affect any of the Company’s forward-looking information. Forward looking information includes statements about the future and are inherently uncertain, and the Company’s actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company’s statements containing forward-looking information are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update forward-looking information if circumstances or management’s beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.


Note Regarding Reserve and Resource Estimates


All mineral reserve and resource estimates reported by the Company were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission (“SEC”). The differences between these standards are discussed in our SEC filings. Mineral resources which are not mineral reserves do not have demonstrated economic viability.





Mike McAllister
V.P., Investor Relations
Sierra Metals Inc.
+1 (416) 366-7777
Email: info@sierrametals.com


Igor Gonzales
President & CEO
Sierra Metals Inc.
+1(416) 366-7777



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8020 Admin

3 days ago

8020 Admin posted a press release Nemaska Lithium Announces Court Application for the Discharge of Security Securing the USD 350M Senior Secured Bonds in MI3 FINANCIAL COMMUNICATIONS INC.


• Nemaska Lithium informed the Nordic Trustee that it acknowledges the set-off of the Nominal Amount of the Senior Secured Bonds plus accrued interest

• The Corporation filed an application with the Court seeking the discharge of the security which secured
the Senior Secured Bonds

• Pallinghurst confirms willingness to pursue its proposed investment in Nemaska Lithium

• Nemaska Lithium is now focused on fully funding the project through more favorable avenues

QUEBEC CITY, Sept. 17, 2019 (GLOBE NEWSWIRE) -- Nemaska ​​Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX: NMX) (OTCQX: NMKEF) (Frankfurt: N0T) informs the market that, pursuant to Article 13.9 of the Bond terms, the Corporation has informed the Nordic Trustee that it acknowledges the set-off of the USD 350M nominal amount of the Senior Secured Bonds issued pursuant to the bond offering announced on May 10, 2018 (the “Bonds”), together with accrued interest up to September 16, 2019, with all obligations of the Corporation under the Bond terms being extinguished as of such date. Following the publication of the updated National Instrument (NI) 43–101 Technical Report on July 31st, 2019, a Project Completion Cut-Off Event, as defined in the Bond terms, was triggered as a result of the overall project completion date being delayed to later than June 2021 without the Bond terms being amended. Under the Bond terms, upon the occurrence of a Project Completion Cut-Off Event, any remaining proceeds from the Bonds issuance held in the escrow account shall be set-off against and used to prepay the Bonds within 45 days following the notice of the Project Completion Cut-Off Event, and the Nordic Trustee is authorized and obligated to take all necessary measures to effectuate such prepayment.


Between July 31, 2019 and last week, the Corporation was engaged in active discussions with the Nordic Trustee and a majority of Bondholders being part of an Ad Hoc Committee, the latter being represented by a Toronto law firm, in order to possibly find a common ground for the amendments to the Bond terms that would have been required in order to keep in place the USD 350M Bonds. However, based on several key elements during the discussions, the Corporation took the decision not to pursue this avenue and to inform the Nordic Trustee and the Ad Hoc Committee with their counsel that it acknowledged the set-off of the Bonds and the prescribed prepayment according to the Bond Terms following the Project Completion Cut-Off Event. The Nordic Trustee controls the escrow account in which amounts owed to Bondholders are held and the prescribed reimbursement process of amounts owed to Bondholders resulting from the set-off under the Bond terms.


“Since the proceeds were held in a trust account and the Corporation could not access them at this stage, the set-off and related prescribed reimbursement of the Bonds has certain positive implications for the Corporation in the short term by allowing it to save payment of interests on the Bonds. The savings on interest, coupled with the capacity to eventually use the CAD 40M of cash and cash equivalents that is sitting in a cost overrun account required under the Bond terms, will allow us to continue advancing the project while we carry on our discussions and negotiations to attain a more suitable capital structure in light of the actual market conditions. We have solid relationships with our strategic partners and stakeholders and are confident that we should be able to put everything in place to successfully complete the construction and commissioning of the project as expected,” said Guy Bourassa, President and Chief Executive Officer of Nemaska Lithium.


At the end of the fiscal year that ended June 30, 2019, Nemaska Lithium still had, on a consolidated basis, about CAD 128M of unrestricted cash and cash equivalents on hand (excluding also the restricted cash and cash equivalents of CAD 40M sitting in a cost overrun account) to finance its current activities which are mainly focused on site preparation at Whabouchi mine, advancing detailed engineering at both sites and completing project execution planning. To view the most recent pictures of the project, visit Nemaska Lithium’s website at www.nemaskalithium.com.


Nemaska Lithium filed on September 16, 2019 an application with the Superior Court of Québec, in connection with its arrangement proceedings under the Canada Business Corporations Act, seeking the discharge of the security which secured the Bonds.


On September 17, 2019, Nemaska Lithium was made aware of a notice of a written Bondholders’ resolution published by the Nordic Trustee without the Corporation’s consent, seeking approval of Bondholders by way of a written resolution to instruct the Nordic Trustee to refrain from exercising, commencing or proceeding against the Corporation with respect to, among other things, any right to set-off and effect any prepayment of the Bonds. The Corporation has advised the Nordic Trustee that it considers the proposed resolution invalid with no effect for the Corporation or under the Bond terms and requesting the Nordic Trustee to withdraw such notice.


Ongoing Discussions with The Pallinghurst Group


Nemaska Lithium is still working closely with The Pallinghurst Group (‘Pallinghurst’) on the investment proposal of up to CAD 600 M announced on July 19, 2019. Pallinghurst was informed of the set-off and related prescribed reimbursement and confirmed that it remains willing to continue the due diligence for its proposed investment in Nemaska Lithium. The Corporation has agreed to exclusive discussions with Pallinghurst until October 19, 2019 (unless further extended by the parties). The Corporation is working to ensure that the Whabouchi mine and Shawinigan plant will be fully funded through a financing package that provides reasonable financial flexibility in order to allow the project to reach nameplate capacity. Nemaska Lithium’s current strategic partners, including Investissement Québec and Softbank Group, have also been involved in discussions.


Additional details regarding the discharge of the security which secured the Bonds and the financing package will be communicated when available.


About Nemaska Lithium


Nemaska Lithium Inc. is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide. These lithium salts are mainly destined for the fast-growing lithium-ion battery market, which is driven by the increasing demand for electric vehicles and energy storage worldwide. With its products and processes, the Corporation intends to facilitate access to green energy, for the benefit of humanity.


The Corporation will be operating the Whabouchi mine in Québec, Canada, one of the richest lithium spodumene deposits in the world, both in volume and grade. The spodumene concentrate produced at the Whabouchi mine will be processed at the Shawinigan plant using a unique membrane electrolysis process for which the Corporation holds several patents.


The Corporation is a member of the S&P/TSX SmallCap Index, S&P/TSX Global Mining Index, S&P/TSX Global Base Metals Index, S&P/TSX Equal Weight Global Base Metals Index, and the MSCI Canada Small Cap Index. For more information, visit www.nemaskalithium.com.


Cautionary Statement on Forward-Looking Information


All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the set-off and prescribed reimbursement of the Bonds, the Court application for the discharge of the security securing the Bonds and related outcome, the invalidity of the proposed resolution published by the Nordic Trustee with no effect for the Corporation or under the Bond terms, the additional capital required to enable the Corporation to complete construction and the estimated additional costs for completing the construction of the Whabouchi mine and the Shawinigan plant, constitute ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Certain important assumptions by the Corporation in making forward-looking statements include, but are not limited to, (A) the outcome of Court proceedings for the discharge of the security which secured the Bonds, (B) the prescribed reimbursement process of the Bonds’ nominal amount and such process having positive implications for the Corporation, (C) the interest savings and eventual use of the cost overrun account’s cash and cash equivalents allowing the Corporation to advance the project, and (D) the solidity of the Corporation’s relationships with its strategic partners and stakeholders allowing it to put everything in place to successfully complete the construction and commissioning of the project.


Forward-looking statements contained in this press release include, without limitation, those related to (i) the ability of the Corporation to obtain Court approval for the discharge of security securing the Bonds and potential dispute with respect to the set-off and timing of the prescribed reimbursement of the Bonds, (ii) the ability of the Corporation to secure additional funds, (iii) the discussions and negotiations to attain a more suitable capital structure in light of the actual market conditions, (iv) Pallinghurst’s willingness to pursue its proposed investment in the Corporation, (v) the Corporation working closely to ensure the project will be fully funded through a financing package that will provide reasonable financial flexibility in order to allow the project to reach nameplate capacity, (vi) Investissement Québec and SoftBank Group also being involved in the financing discussions, and (vii) generally, the above ‘About Nemaska Lithium’ paragraph which essentially describes the Corporation’s outlook. Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.


Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that the Court proceedings seeking the discharge of the security securing the Bonds will be successful, that the Pallinghurst investment will close or that other funding/strategic alternatives can be available, that the Corporation will meet conditions under the streaming facility and that the Whabouchi mine and/or the electrochemical plant in Shawinigan will be commissioned and will begin production, as future events could differ materially what is currently anticipated by the Corporation. In addition, there can be no assurances that the financing discussions with Pallinghurst, Investissement Québec and SoftBank Group will lead to a comprehensive financing package in place to successfully complete the construction and commissioning of the project. In addition, there can be no assurances that the acknowledgment of the set-off and related prescribed reimbursement of the Bonds will not result in litigation involving Bondholders, the Nordic Trustee and/or the Corporation, notably in light of the notice published by the Nordic Trustee and response of the Corporation claiming the invalidity of such notice.


By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the ‘Risk Factors’ section of the Corporation’s Annual Information Form dated October 10, 2018, and the ‘Risk Exposure and Management’ section of the Corporation’s quarterly Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.


Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nemaskalithium.com.


FOR FURTHER INFORMATION, PLEASE CONTACT:













Victor Cantore
Investor Relations
514 831-3809
victor.cantore@nemaskalithium.com
Wanda Cutler
Investor Relations
416 303-6460
wanda.cutler@nemaskalithium.com

Gabrielle Tellier
Media Relations
514 348-0466
gabrielle.tellier@nemaskalithium.com
 


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8020 Admin

3 days ago

8020 Admin posted a press release Monarch Gold Starts Diamond Drilling Program on its McKenzie Break Property in MI3 FINANCIAL COMMUNICATIONS INC.







  • Drilling program to follow-up on the solid high-grade results from the 2018 program, which included:




    • 61.20 g/t Au over 2.6 metres, including 265.00 g/t Au over 0.6 metres in hole MK-18-196



    • 24.40 g/t Au over 2.0 metres including 93.80 g/t Au over 0.5 metres in hole MK-18-216



    • Visible gold observed in 17 of the 61 holes drilled




  • Goal is to increase the pit-constrained and underground portions of the McKenzie Break 165,608-ounce gold resource



MONTREAL, Sept. 17, 2019 /CNW Telbec/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce the start of a new diamond drilling program on its wholly-owned McKenzie Break gold property, located 25 kilometres north of Val-d'Or, near Monarch's Camflo and Beacon mills.



Drilling started on September 10 and will focus on high potential exploration targets identified by the last drilling program. Positive results around the periphery of the deposit and at depth have increased the size of the orebody. The purpose of this seven-hole, 2,670-metre drilling program is two-fold: four holes will test the new zones in the southeast sector of the deposit at depth and three holes will be drilled in the northeast sector to extend the size of the known pit-constrained resource.  



The McKenzie Break property hosts a high-grade, multiple-narrow-vein gold deposit in the dioritic Pascalis batholith underlain by porphyritic diorite and mafic and felsic volcanic rocks. On June 14, 2018, the Corporation reported a NI 43-101 compliant pit-constrained resource of 48,133 ounces in the Indicated category and 14,897 ounces in the Inferred category on the property, as well as an underground resource of 53,448 ounces in the Indicated category and 49,130 ounces in the Inferred category, for a total of 165,608 ounces of gold (see press release dated June 14, 2018).


"This drilling program is part of our ongoing objective of expanding the McKenzie Break pit-constrained resource to provide feed for our Camflo and Beacon mills, while evaluating the deposit's potential at depth. As mentioned previously, the pit-constrained resource is easily accessible as the average overburden thickness is only 5 metres deep, meaning that we could put the McKenzie Break project into production relatively quickly. Also, after looking at last year's results, we believe that the deposit remains open at depth and along strike, which could have a positive impact on the project," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch.


Sampling normally consists of sawing the core into equal halves along its main axis and shipping one of the halves to the ALS Minerals laboratory in Val-d'Or, Quebec for assaying. The samples are crushed, pulverized and assayed by fire assay, with atomic absorption finish. Results exceeding 3.0 g/t Au are re-assayed using the gravity method, and samples containing visible gold grains are assayed using the metallic screen method. Monarch uses a comprehensive QA/QC protocol, including the insertion of standards, blanks and duplicates.


The technical and scientific content of this press release has been reviewed and approved by Ronald G. Leber, P.Geo., the Corporation's qualified person under National Instrument 43-101.


ABOUT MONARCH GOLD CORPORATION


Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns over 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor mine, Croinor Gold (see video), Fayolle, McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.


Forward-Looking Statements


The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.


Table 1 - Best drilling results from the 2018 drilling program on the McKenzie Break project



Read more here: https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACA&qmodStoryID=5021457893278784 

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8020 Admin

3 days ago

8020 Admin posted a press release BELLUS Health Announces Exercise of Over-Allotment Option in Connection With Underwritten Public Offering of Common Shares in MI3 FINANCIAL COMMUNICATIONS INC.

LAVAL, Quebec


BELLUS Health Inc. (“BELLUS Health” or the “Company”) (Nasdaq: BLU; TSX: BLU), a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of chronic cough and other hypersensitization-related disorders, today announced that the underwriters of its previously announced underwritten public offering (the “Offering”) of common shares have partially exercised their option to purchase additional common shares, resulting in the issuance of an additional 1,320,296 common shares of the Company at a price of US$7.10 per common share for additional gross proceeds to the Company of approximately US$9.37 million. As a result of the exercise of this option, the Company has raised total gross proceeds of approximately US$79.37 million from the Offering, before deducting the underwriting commissions and any expenses related to the Offering.


The Company intends to use the net proceeds of the Offering primarily to fund research and development activities, general and administrative expenses, working capital needs and other general corporate purposes, as set out in the Supplement (as defined below).


Jefferies, Cowen and Guggenheim Securities acted as joint book-running managers, Baird acted as lead manager, and Bloom Burton Securities acted as co-manager for the Offering.


The Offering was made in Canada pursuant to a prospectus supplement (the “Supplement”) to the Company’s short form base shelf prospectus dated July 26, 2019 (the “Base Prospectus”) and in the United States pursuant to a registration statement on Form F-10, which went effective with the U.S. Securities and Exchange Commission (the “SEC”) on September 5, 2019 (the “Registration Statement”), containing the Supplement and Base Prospectus filed with the SEC in accordance with the Multijurisdictional Disclosure System established between Canada and the United States.


The Supplement and the accompanying Base Prospectus contain important detailed information about the Offering. The Supplement and the accompanying Base Prospectus can be found on SEDAR at www.sedar.com, on EDGAR at www.sec.gov and on the Company’s website at www.bellushealth.com. Copies of the Supplement and accompanying Base Prospectus may also be obtained from the Company, by telephone at 450-680-4500 or by email at info@bellushealth.com, or you may request them from: Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at 877-821-7388 or by email at prospectus_department@jefferies.com; Cowen and Company, LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department, by telephone at 631-592-5973 or by email at PostSaleManualRequests@broadridge.com; or Guggenheim Securities, LLC, Attention: Equity Syndicate Department, 330 Madison, 8th Floor, New York, NY 10017, by telephone at 212-518-9658 or by email at GSEquityProspectusDelivery@guggenheimpartners.com.


No regulatory authority has either approved or disapproved the contents of this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.


About BELLUS Health


BELLUS Health is a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of chronic cough and other hypersensitization-related disorders. The Company’s product candidate, BLU-5937, is being developed for the treatment of chronic cough and chronic pruritus.


Cautionary Note Regarding Forward-Looking Statements


Certain statements contained in this news release may constitute “forward-looking statements” within the meaning of applicable securities laws. Such statements, based as they are on the current expectations of management, inherently involve numerous important risks, uncertainties and assumptions, known and unknown. In this news release, such forward-looking statements include, but are not limited to, the anticipated use of proceeds from the Offering. However, they should not be regarded as a representation that any of the plans will be achieved. Actual future events may differ from the anticipated events expressed in such forward-looking statements. BELLUS Health believes that expectations represented by forward-looking statements are reasonable, yet there can be no assurance that such expectations will prove to be correct. The reader should not place undue reliance, if any, on any forward-looking statements included in this news release. These forward-looking statements speak only as of the date made, and BELLUS Health is under no obligation and disavows any intention to update publicly or revise such statements as a result of any new information, future event, circumstances or otherwise, unless required by applicable securities laws.


View source version on businesswire.com: https://www.businesswire.com/news/home/20190917005710/en/



François Desjardins
Vice President, Finance
450-680-4525
fdesjardins@bellushealth.com
SOURCE: BELLUS Health Inc.



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8020 Admin

4 days ago

8020 Admin posted a press release Rover Metals appoints Robert Schafer to its Advisory Board in MI3 FINANCIAL COMMUNICATIONS INC.


VANCOUVER, Sept. 16, 2019 /CNW/ - Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) ("Rover" or the "Company") is pleased to announce the appointment of Robert Schafer to its Advisory Board.


Judson Culter, CEO at Rover Metals, states: "The appointment of Mr. Schafer to our team rounds out our technical team and brings us a wealth of exploration knowledge in Nevada, specifically for the Toquima precious metals project in central Nevada. Mr. Schafer will also assist the Company with future merger and acquisitions work."


Robert Schafer's Executive Bio
Mr. Schafer has nearly 40 years of experience in the mineral industry, working in the international sector with both major and junior mining companies. He is founder and Managing Director of Eagle Mines Management, a globally active private natural resources corporation. He has held executive and senior management positions with Hunter Dickinson Inc., Kinross Gold Corp., and BHP Minerals over the past 20 years. Throughout his career Mr Schafer has worked internationally, with notable experience in the far east of Russia, Southern Africa, South America and Australia.


His work has included the structuring and implementation of successful exploration strategies, project reviews and valuations leading to acquisitions, and the management of local and expatriate exploration teams operating in a wide variety of geologic environments. In addition, he is the Past-President of the PDAC and Past-President of the Canadian Institute of Mining and Metallurgy (CIM) in Canada, and a Past President of the Mining and Metallurgical Society of America and the Geological Society of Nevada in the USA. Mr. Schafer will be SME President in 2020-21.


Mr. Schafer was the recipient of the Dreyer Exploration Award in 2018 and the William Lawrence Saunders Gold Medal from AIME (2002) and the Daniel C. Jackling Award from SME (2017) for career achievements.


Pursuant to Mr. Schafer's appointment, he will receive a stock option grant of 350,000 stock options at an exercise price of CAD $0.065 cents, vesting monthly over twelve months, expiring four years from the date of grant.


About Rover Metals
Rover Metals is a natural resource exploration company specialized in North American precious metal resources that is advancing the gold potential of its existing projects. 


You can follow Rover Metals on its social media channels:
Twitter: https://twitter.com/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-metals/
Facebook: https://www.facebook.com/RoverMetals/  
for daily company updates and industry news.


ON BEHALF OF THE BOARD OF DIRECTORS
"Judson Culter"
Chief Executive Officer and Director


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.


View original content:http://www.prnewswire.com/news-releases/rover-metals-appoints-robert-schafer-to-its-advisory-board-300919118.html


SOURCE Rover Metals Corp.


View original content: http://www.newswire.ca/en/releases/archive/September2019/16/c4925.html



Judson Culter, Email: judson@rovermetals.com , Phone: (604) 449-5347

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8020 Admin

4 days ago

8020 Admin posted a press release Emerald Health Therapeutics' Joint Venture Pure Sunfarms Launches Branded Product Line, Introducing Eight Products for the Recreational Market, and Begins Shipping to Ontario Cannabis Store in MI3 FINANCIAL COMMUNICATIONS INC.


VANCOUVER, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Emerald Health Therapeutics, Inc. (“Emerald”) (TSXV: EMH; OTCQX: EMHTF), today announced that its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms (PSF), has formally launched its Pure Sunfarms branded products and introduced eight strains of dried cannabis flower for the Canadian recreational market. It has also begun shipping branded dried cannabis products to the Ontario Cannabis Store (“OCS”) for retail sale in Ontario. PSF expects its first products to be available at licensed retailers in Ontario and through the OCS website this month. 


“Introducing the Pure Sunfarms brand today to Canadians is a culmination of our team’s efforts, and we hope consumers see the passion and care our people have worked hard to bring to life,” said Mandesh Dosanjh, President and CEO, Pure Sunfarms. “British Columbia has a reputation for growing some of the best cannabis in the world, and we are proud to introduce a suite of products which will continue to celebrate this legacy. Our scale, along with the team’s deep agricultural roots and steadfast dedication to craftmanship, has allowed us to cultivate great-quality products at an approachable price point. In this evolving industry, we hope Canadians will come to know the quality and consistency of Pure Sunfarms’ products and love it as much as we do.”


The Pure Sunfarms brand was built around the philosophy of ‘plants and people first,’ expressing a long-standing relationship and deep appreciation for cannabis across Canada’s west coast. It was designed to reflect the team’s unique and diverse agricultural experience, sharing the story of cannabis from a different perspective. This new brand effectively leverages its high-quality product with Pure Sunfarms’ low-cost production capability.

“Bringing its first selection of branded products to the recreational market represents another important milestone for Pure Sunfarms,” said Riaz Bandali, CEO of Emerald. “Given Pure Sunfarms’ expected full run-rate production to expand to 150,000 kilograms by the end of next year, and now with the rollout of its brand strategy, PSF is well-positioned to bring to market cannabis products with higher margin sales that meet the needs of consumers.”

In addition to Ontario, Pure Sunfarms expects its first products to be available at licensed retailers and online in British Columbia in the coming weeks.

More information is available on Pure Sunfarms’ new website at www.puresunfarms.com


About Emerald Health Therapeutics, Inc.

Emerald Health Therapeutics, Inc. is a Canadian licensed producer of cannabis products, with strategic initiatives focused on differentiated, value-added product development for medical and adult-use customers supported by novel intellectual property, large-scale cultivation, extraction, and soft gel encapsulation, as well as unique marketing and distribution channels. Its 50%-owned Pure Sunfarms operation in British Columbia has reached its full run-rate annual production of approximately 75,000 kg in its first 1.1 million square-foot greenhouse Delta 3 operation; its second 1.1 million square-foot greenhouse is planned to be in full production by the end of 2020. Emerald’s two wholly-owned facilities in Quebec, a high-quality indoor growing and processing facility, and in British Columbia, an organic greenhouse and outdoor operation, are completing construction and are working toward final licensing extension. Emerald has also contracted for approximately 1,000 acres of hemp annually in 2019 to 2022 with the objective of extracting low-cost CBD. Its team is highly experienced in life sciences, product development, large-scale agri-business, and marketing.


For more information or contact:

Rob Hill, Chief Financial Officer
(800) 757 3536 Ext. # 5


Emerald Investor Relations
(800) 757 3536 Ext. #5
invest@emeraldhealth.ca


Neither the 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.


Cautionary Note Regarding Forward-Looking Statements: Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. Such statements include obtaining required regulatory approvals; production and processing capacity of various facilities; expansion of facilities; obtaining additional cultivation licenses and other permits; production at various facilities; receipt of hemp deliveries; entering into of strategic agreements; payments of amounts owed to and owed by Emerald; transplanting crops; obtaining final municipal approvals; assessment of cultivation and harvesting techniques; scale up of reliable, quality low-cost cannabis; and anticipated production costs.


We cannot guarantee that any forward-looking statement will materialize, and readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements involve risks and uncertainties related to, among other things, changes of law and regulations; changes of government; failure to obtain regulatory approvals or permits; failure to obtain necessary financing; results of production and sale activities; results of scientific research; regulatory changes; changes in prices and costs of inputs; demand for labour; demand for products; failure of counter-parties to perform contractual obligations; as well as the risk factors described in the Company’s annual information form and other regulatory filings. The forward-looking statements contained in this press release represent our expectations as of the date hereof. Forward-looking statements are presented for the purpose of providing information about management's current expectations and plans and allowing investors and others to obtain a better understanding of our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.


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8020 Admin

4 days ago

8020 Admin posted a press release ZEN Graphene Solutions Signs Agreement with Chemisar Laboratories Inc. for Consulting and New Graphene Development Facility in MI3 FINANCIAL COMMUNICATIONS INC.

Thunder Bay, Ontario--(Newsfile Corp. - September 16, 2019) - ZEN Graphene Solutions Ltd. (TSXV: ZEN) ("ZEN" or the "Company")  is pleased to announce that it has signed an agreement with Chemisar Laboratories Inc. ("Chemisar") to provide various consulting services which will include the use of 2,300 square feet of office and laboratory space in Guelph, Ontario commencing on October 1, 2019. This office will become the company's new graphene research and development centre which will include a small-scale graphene processing and production facility. Additional space is available in the building which will allow ZEN to grow as needed.


The new office and lab spaces are situated 66 km from Toronto Pearson International Airport and is centrally located to Toronto, Hamilton, Waterloo, London and multiple university partners. The office space is part of a larger 5,500 square foot well-equipped stand-alone technology centre which is situated on 1.15 acres. ZEN has access to a 2,000 square foot wet laboratory which has fume hoods, laboratory equipment and a large inventory of specialized glassware as well as other laboratory consumables plus a large inventory of chemical reagents. In the coming months, ZEN is aiming to setup small-scale graphite purification and graphene-related production facilities including Graphene Quantum Dots (GQD's) and Graphene Oxide (GO). These products will be available for research and development, application development and for commercial use.


Dr. Francis Dubé commented: "This facility represents the next phase of development and scale up of our company. We now have the ability to actively collaborate with our research partners as we move toward commercial scale production. This will also allow ZEN to offer the highest value products for sale such as GQDs and GO as granted by the Ministry of Energy, Northern Development and Mines bulk sample permit."


About Chemisar Laboratories Inc.


Chemisar and its related companies, Guelph Chemical Laboratories and Maxima Laboratories were founded by Dr. Raj N. Pandey. The main areas of research were in the Energy and Environmental fields while offering analytical laboratory services to both private enterprises and government agencies since 1978. The companies have been granted 30 various patents from their research. They also have significant experience with NRCAN, NRC, International Trade, the Ontario Ministry of Environment and Energy along with the Government and various businesses in India.


About ZEN Graphene Solutions Ltd.


ZEN Graphene Solutions Ltd. is an emerging graphene technology company with a focus on development of the unique Albany Graphite Project. This precursor graphene material provides the company with a competitive advantage in the potential graphene market as independent labs in Japan, UK, Israel, USA and Canada have demonstrated that ZEN's Albany Graphite/Naturally PureTM easily converts (exfoliates) to graphene, using a variety of simple mechanical and chemical methods.


For further information:


Francis Dubé, Chief Executive Officer
Tel: +1 (289) 821-2820
Email: drfdube@zengraphene.com


To find out more on ZEN Graphene Solutions Ltd., please visit our website at www.ZENGraphene.com. A copy of this news release and all material documents in respect of the Company may be obtained on ZEN's SEDAR profile at www.sedar.ca.


Forward Looking Statements


This press release contains forward-looking statements. This news release includes certain "forward-looking statements", which often, but not always, can be identified by the use of words such as "potential", "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to ZEN and ZEN provides no assurance that actual results will meet management's expectations. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although ZEN believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. ZEN disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the 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. The Company's full disclosure can be found at https://zengraphene.com/disclaimer/.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/47810

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8020 Admin

4 days ago

8020 Admin posted a press release Nouveau Monde Graphite Announces Additions to Its Board of Directors and Management Team in MI3 FINANCIAL COMMUNICATIONS INC.


SAINT-MICHEL-DES-SAINTS, Québec, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Corporation”) (TSX VENTURE: NOU) is proud to announce the arrival of new members to its Board of Directors and to its Matawinie Project team. In anticipation of the full commercial operation of the project, these additions significantly strengthen the skill set required to complete this project.


At the Board meeting held on September 12, 2019 in Montreal, Eric Desaulniers was appointed Chairman of the Board, Arne H. Frandsen, Deputy Chairman and Pierre Renaud, Lead Independant Director. Nouveau Monde welcomed Daniel Buron to its Board of Directors as a director, the latter providing significant financial expertise.


DANIEL BURON, DIRECTOR OF THE BOARD


With over 20 years of experience in the finance industry, Mr. Buron has held since 2004 the position of Senior Vice-President and Chief Financial Officer of Domtar, a Quebec paper company that is the third largest North American manufacturer of office paper. Mr. Buron previously held various finance positions within a large firm in the commercialization and development of IT tools and solutions as well as with a major international accountant firm. Holder of the Certified Professional Accountant designation, Mr. Buron obtained from Laval University a Bachelor of Commerce. Since then, he has served on several boards, including Norampac Inc. and the McGill University Health Center Foundation.


Patrice Boulanger has relinquished his seat on the Board of the company to join the management  team as Vice-President Marketing, Business Development and R&D. Nouveau Monde Graphite also welcomed Sylvain Descombes as Vice-President Project, Mine and Concentrator and Eric Deslauriers as Procurement Manager. Their arrival complements the project management team already made up of Martine Paradis, Vice President, Chief Engineer Infrastructure and Environment, and Alain Dorval, Vice President, Metallurgy and Process Engineering.


SYLVAIN DESCOMBES, VICE-PRESIDENT PROJECT, MINE AND CONCENTRATOR


Sylvain Descombes is a mechanical engineer with 19 years of experience in the mining industry. In his first 10 years, he gained operational experience across all levels of management at Canada's largest open pit mine, the Mont-Wright iron mine in the Fermont area in Quebec. His career then led to engineering and construction management as part of development and expansion projects for mining and concentrating facilities in Canada and Liberia.


ERIC DESLAURIERS, PROCUREMENT MANAGER


Eric Deslauriers has over 17 years of supply experience. He began his career in the field of consulting engineering and gained experience in the various branches of procurement (Purchasing, Recovery and Contract Training). He has been involved mainly in Mining and Metals Projects (aluminum, iron and gold). After 10 years working in consulting engineering, he moved to the customer side at Iamgold and participated in engineering and construction projects where he gained experience in offshore mine site projects and developed a better understanding of the needs of remote sites.


Arne H. Frandsen, Co-Managing Partner of The Pallinghurst Group and Deputy Chairman of Nouveau Monde Board, commented, “Nouveau Monde has assembled a world class owner's team in the recent months.  Quality of the people is the primary key success for executing on time and on budget a major project like Matawinie.”


Eric Desaulniers, president and CEO of Nouveau Monde added, “The lithium-ion market current growth is definitely a lifetime opportunity for our company, our employees and all local stakeholders.  There is so much at stake, we can’t afford not having the best people at every level of our organisation to properly deploy our capital.”


The Board of Directors has granted a total of 2,700,000 stock options to officers, directors and an insider. These stock options are granted pursuant to the terms and conditions of the Corporation's stock option plan.


ABOUT NOUVEAU MONDE GRAPHITE
In 2015, Nouveau Monde Graphite discovered a major and high-quality graphite deposit on its Matawinie property, located in Saint-Michel-des-Saints, 150 km North of Montréal. This discovery led to the completion of a Feasibility Study, which revealed strong economics with projected graphite concentrate production level of 100,000 tonnes per year over a 26-year period. Nouveau Monde will operate its demonstration plant until 2020. During this period, the Corporation expects the production of 2,000 tonnes of concentrated flake graphite to qualify its products with North American and international clients.


Moreover, in a vertical integration and sustainable development perspective, Nouveau Monde is planning the establishment of a large-scale graphite secondary transformation facility, catering the needs of the booming lithium-ion battery and expandable graphite markets.


With over 60 years of experience in the world of graphite, Nouveau Monde’s team develops its project with the utmost respect of neighbouring communities, while favoring a minimal ecological footprint. Nouveau Monde’s project is privileged by direct access to the workforce and infrastructure needed to operate its mining project, and it can also rely on an abundant, affordable and renewable source of hydroelectricity.


For more information:


Eric Desaulniers                                             
President & CEO                                           
Tel: +1 (819) 923-0333


www.nouveaumonde.ca


Subscribe to our newsfeed:


http://nouveaumonde.ca/en/support-nmg/


Neither the 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.


All statements, other than statements of historical fact, contained in this press release including, but not limited to generally, or the “About Corporation Graphite” paragraph which essentially describe the Corporation’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” within the meaning of certain securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.


Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. 


Further information regarding Corporation is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nouveaumonde.ca.


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8020 Admin

4 days ago

8020 Admin posted a press release Brixton Metals Samples 45 g/t Au at Union and Drills 8.53 g/t Au over two metres at LD on its Atlin Goldfields Project in MI3 FINANCIAL COMMUNICATIONS INC.

VANCOUVER, British Columbia, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce results from the summer 2019 exploration program at its Atlin Goldfields Project. The exploration program consisted of shallow scout NQ sized core drilling at the LD and Pictou Zones, prospecting and soil geochemical survey over selection areas on the western region of the very large mineral claim group.  The objective was to test for near surface gold mineralization, define new targets and expand the gold-in-soil anomalies.


Highlights



  • Drilling intersected gold mineralization in 13 of 22 drill holes

    °  BBB19-12 intersected 8.53 g/t Au over 2.00m from 40.00m depth

    °  BBB19-13 intersected 6.31 g/t Au over 1.00m from 52.00m depth

    °  BBB19-21 returned 5.45 g/t Au over 0.80m from 51.80m



  • Rock grab sample from Union Mountain returned 45 g/t Au
     

  • Soil sampling at the LD area expanded the gold-in-soil anomaly to 2.4 square kilometre


Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “We are encouraged by these results from our first significant exploration program at the Atlin Goldfields Project. The 45 g/t Au rock-grab result from Union Mountain, which is located about 4km to the northwest from the LD area, represents a new area of interest for us.  The prospecting and soil sampling at higher elevations has been effective in generating new targets. We are looking forward to additional exploration work on the project in 2020. Targets within the Atlin Goldfields include high grade orogenic gold deposits and intrusion related gold deposits.”


Table of Drilling Highlights


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=BBB%3ACA&qmodStoryID=8546512537045880 

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8020 Admin

4 days ago

8020 Admin posted a press release Emerald Health Therapeutics to Participate at the Eight Capital & Cassels Brock Global Cannabis Conference in MI3 FINANCIAL COMMUNICATIONS INC.


VANCOUVER, British Columbia, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Emerald Health Therapeutics, Inc. (“Emerald”) (TSXV: EMH; OTCQX: EMHTF), today announced that it will participate in a panel and be available for 1x1 meetings at the Eight Capital & Cassels Brock Global Cannabis Conference being held on September 19, 2019, at the Shangri-La Hotel in Toronto.  


Panel details are as follows;



  • Presenter: Allan Rewak, VP Communications & Stakeholder Relations

  • Panel Title: Adult-Use Anniversary: Lessons Learned and Opportunities Ahead

  • Date: Thursday, September 19, 2019

  • Time: 10:00-10:30 AM ET

  • Location: Shangri-La Hotel Toronto; Queen’s Park Ballroom


About Emerald Health Therapeutics, Inc.


Emerald Health Therapeutics, Inc. is a Canadian licensed producer of cannabis products, with strategic initiatives focused on differentiated, value-added product development for medical and adult-use customers supported by novel intellectual property, large-scale cultivation, extraction, and softgel encapsulation, as well as unique marketing and distribution channels. Its 50%-owned Pure Sunfarms operation in British Columbia has reached its full run-rate annual production of approximately 75,000 kg in its first 1.1 million square foot greenhouse Delta 3 operation; a second 1.1 million square foot greenhouse is planned to be in full production by the end of 2020. Emerald’s two wholly-owned facilities in Québec, a high-quality indoor growing and processing facility, and in British Columbia, an organic greenhouse and outdoor operation, have started production and are working toward final licensing extension. Emerald has also contracted for approximately 1,200 acres of hemp annually in 2019 to 2022 with the objective of extracting low-cost CBD. Its team is highly experienced in life sciences, product development, large-scale agri-business, and marketing.


Please visit www.emeraldhealth.ca for more information or contact:

Rob Hill, Chief Financial Officer 
(800) 757 3536 Ext. # 5
Emerald Investor Relations 
(800) 757 3536 Ext. #5
invest@emeraldhealth.ca


Neither the 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.


Cautionary Note Regarding Forward-Looking Statements: Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. Such statements include obtaining required regulatory approvals; production and processing capacity of various facilities; expansion of facilities; obtaining additional cultivation licenses and other permits; production at various facilities; receipt of hemp deliveries; entering into of strategic agreements; payments of amounts owed to and owed by Emerald; transplanting crops; obtaining final municipal approvals; assessment of cultivation and harvesting techniques; scale up of reliable, quality low-cost cannabis; and anticipated production costs.


We cannot guarantee that any forward-looking statement will materialize, and readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements involve risks and uncertainties related to, among other things, changes of law and regulations; changes of government; failure to obtain regulatory approvals or permits; failure to obtain necessary financing; results of production and sale activities; results of scientific research; regulatory changes; changes in prices and costs of inputs; demand for labour; demand for products; failure of counter-parties to perform contractual obligations; as well as the risk factors described in the Company’s annual information form and other regulatory filings. The forward-looking statements contained in this press release represent our expectations as of the date hereof. Forward-looking statements are presented for the purpose of providing information about management's current expectations and plans and allowing investors and others to obtain a better understanding of our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.


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8020 Admin

4 days ago

8020 Admin posted a press release betterU Issues Bi-Weekly Default Status Report Regarding Management Cease Trade Order - updated in MI3 FINANCIAL COMMUNICATIONS INC.

OTTAWA, Sept. 16, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA), (the "Company" or "betterU") is providing this bi-weekly default status report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). In its initial default announcement of July 25, 2019 (the "Default Notice"), the Company announced the delay in the filing of its audited annual financial statements for the fiscal year ended March 31, 2019 (the "2018 Annual Financial Statements"), the accompanying management's discussion and analysis and the related CEO and CFO certifications (collectively, the "Annual Filings") by the filing deadline of July 29th 2019. 


As previously announced, the Company applied for and was granted management cease trade orders in respect of the delayed Annual Filings (the "MCTO") by the British Columbia Securities Commission and the Ontario Securities Commission which prohibit the chief financial officer and the chief executive officer from trading in the Company's securities for so long as there are filings that are outstanding under applicable securities laws. The MCTO does not affect the ability of the general investing public to trade in the Company's listed common shares.

The audit of the 2018 Annual Financial Statements is well underway with BDO and the Company currently continues to expect to file the Annual Filings before the end of September 2019.

The Company confirms that since the Default Notice: (i) there is no material change to the information set out in the Default Notice that has not been generally disclosed; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has been an addition default by the Company who has not been able to file its financial statements for the first quarter ended June 30, 2019, the accompanying management's discussion and analysis and the related CEO and CFO certifications (collectively, the "Quarterly Filings") by the filing deadline of August 29th 2019 as to the dependency on the completion of the Audit underway by BDO; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed.

The Company will continue to comply with the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains in default of the filing requirements set out above.

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.


About betterU
betterU, an online education technology company, aims to provide access to quality education from around the world in order to foster growth and opportunity to those who want to better their lives. The Company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated ecosystem. betterU’s offerings can be categorized into four broad functions: to compliment school programs with flexible KG-12 programs preparing children for their next stage of education, to foster an exceptional educational environment by providing befitting skills that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training them and lastly, to connect the end user to various job opportunities.


By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, betterU will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of betterU’s system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution. betterU does not assume any obligation to update any forward-looking statements except as required by law.


CONTACT INFORMATION


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO


CONTACT INFORMATION
Investor Relations
1-613-695-4100
Email: ir@betteru.ca

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8020 Admin

7 days ago

8020 Admin posted a press release Renforth Commissions Two Technical Reports in MI3 FINANCIAL COMMUNICATIONS INC.

TORONTO, ON / ACCESSWIRE / September 13, 2019 / Renforth Resources Inc. (CSE:RFR) (“Renforth” or the “Company”) is pleased to announce that it has now contracted the preparation of new technical reports in the required Form 43-101F1 for both its Parbec and New Alger properties. P&E Mining Consultants Inc. will prepare new technical reports, with Eugene Puritch, P.Eng., FEC, CET and the President of that company overseeing the work and certifying the reports in conjunction with Antoine Yassa P.Geo., OGQ. Mr. Puritch and Mr. Yassa are each a “qualified person” pursuant to the definition found in National Instrument 43-101 and has confirmed that he is independent of Renforth. Amended technical reports have been requested by the staff of the Ontario Securities Commission in connection with a continuous disclosure review.


The new reports will address the results of exploration and drilling activity at both Parbec and New Alger which has occurred subsequent to the release of the existing reports and will include additional disclosure regarding the nature and substance of the changes, if any, to the estimates and accompanying technical reports from the previous Parbec mineral resource estimate that was press released on September 25, 2018 and the New Alger press release of July 17, 2014.


ABOUT RENFORTH


Renforth Resources Inc. is a Toronto-based gold exploration company with five wholly owned surface gold bearing properties located in the Provinces of Quebec and Ontario, Canada.


In Quebec Renforth holds the New Alger and Parbec properties, in the Cadillac and Malartic gold camps respectively, with gold present at surface and to some depth, located on the Cadillac Break. In both instances additional gold bearing structures, other than the Cadillac Break, have been found on each property and require additional exploration. Renforth also holds Malartic West, contiguous to the western boundary of the Canadian Malartic Mine property, located in the Pontiac Sediments, this property is gold bearing and was the recent site of a copper discovery. In addition to this Renforth has optioned the wholly owned Denain-Pershing gold bearing property, located near Louvicourt, Quebec, to O3 Mining Inc.


In Ontario Renforth holds the Nixon-Bartleman surface gold occurrence west of Timmins Ontario, drilled, channeled and sampled over 500m - this historic property also requires additional exploration to define the extent of the mineralization.


For further information please contact:


Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
T: (416) 818-1393
E: nicole@renforthresources.com


No securities regulatory authority has approved or disapproved of the contents of this news release.


Forward Looking Statements


This news release contains forward-looking statements and information under applicable securities laws, including with respect to earning an interest in the Nixon-Bartleman Property . All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as ‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’, ‘anticipate’, ‘estimate’, ‘intend’ and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licences and permits and the availability of financing, as described in more detail in the Company’s securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.


SOURCE: Renforth Resources Inc.


View source version on accesswire.com:
https://www.accesswire.com/559551/Renforth-Commissions-Two-Technical-Reports

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8020 Admin

8 days ago

8020 Admin posted a press release Zen Graphene Solutions Ltd. Completes Non-Brokered Private Placement of Units in MI3 FINANCIAL COMMUNICATIONS INC.


THUNDER BAY, ON, Sept. 12, 2019 /CNW/ - Zen Graphene Solutions Ltd. ("Zen Graphene" or the "Company") (TSXV:ZEN) is pleased to announce the closing of its previously announced private placement (the "Offering"). The Company raised $1,050,000 under the Offering, which will be used to fund ongoing work on the Albany Graphite Project including environmental studies, graphene research and development work, material processing and for general corporate purposes.  While the Company received significant demand for the Offering over the one million dollar initial target, it limited the Offering to $1,050,000.  The Board of directors wishes to thank all the long-term shareholders and new shareholders who participated in the Offering.


The Offering consisted of the issuance of 3,000,000 units ("Units") at a price of $0.35 per Unit, for aggregate gross proceeds of $1,050,000. Each Unit consisted of one common share of the Company ("Common Share") and one half of one non-transferable share purchase warrant ("Warrant").  Each whole Warrant will entitle the holder thereof to acquire one additional Common Share at an exercise price of $0.50 per Warrant, exercisable for a period of twenty-four months from the closing of the Offering (the "Exercise Period"). Insiders of the Company have subscribed for approximately 34% of the offered Units.


All Warrants issued in connection with the Offering are subject to an acceleration clause. If the Company's share price trades at or above $1.00 per share for a period of ten (10) consecutive trading days during the Exercise Period, the Company may accelerate the expiry date of the Warrants to 30 calendar days from the date on which written notice is given by the Company to the holders of the Warrants.


Certain insiders of the Issuer participated in the Offering. Such participation represents a related-party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), but the Offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter of the transaction, nor the consideration paid, exceed 25% of the Issuer's market capitalization. The Offering was approved by all of the independent directors of the Company.


The Common Shares and the Warrants issued in connection with the Offering will be subject to a hold period until January 13, 2020 in accordance with applicable securities laws.


To find out more on Zen Graphene Solutions Ltd., please visit our website at www.zengraphene.com. A copy of this press release and all material documents in respect of the Company may be obtained on Zen Graphene's SEDAR profile at www.sedar.ca.


CAUTIONARY STATEMENT: Zen Graphene has completed a Preliminary Economic Assessment regarding the Albany Project (the "PEA") in support of its development work (see Zen Graphene press release of 1 June 2015). The PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Without a formal independent feasibility study, there is no assurance that operations will be economically viable.


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 news release may contain forward looking information and Zen Graphene cautions readers that forward looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Zen Graphene included in this news release. This news release includes certain "forward-looking statements", which often, but not always, can be identified by the use of words such as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to Zen Graphene and Zen Graphene provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements with respect to Zen Graphene's future plans, objectives or goals, to the effect that Zen Graphene or management expects a stated condition or result to occur, including the expected timing for release of a pre-feasibility study, the expected uses for graphite in the future, and the future uses of the graphite from Zen Graphene's Albany deposit. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, metallurgical processing, project development, reclamation and capital costs of Zen Graphene's mineral properties, and Zen Graphene's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a pre-feasibility study; the preliminary nature of metallurgical test results; the inability to enter into offtake agreements with qualified purchasers; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in Zen Graphene's public documents filed on SEDAR. This list is not exhaustive of the factors that may affect any of Zen Graphene's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Zen Graphene's forward-looking statements. Although Zen Graphene believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Zen Graphene disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.


SOURCE ZEN GRAPHENE SOLUTIONS Ltd.


View original content: http://www.newswire.ca/en/releases/archive/September2019/12/c7063.html

Brian Bosse, Chief Financial Officer, Tel: +1 (705) 618-0900, Email: bbosse@zengraphene.com

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8020 Admin

8 days ago

8020 Admin posted a press release Triumph Gold Intersects 400 metres of 1.2 g/t Gold Equivalent** and 102 metres of 1.3 g/t Gold Equivalent** in the First of Three Areas Tested for a Deep Porphyry in MI3 FINANCIAL COMMUNICATIONS INC.

VANCOUVER, British Columbia, Sept. 12, 2019 (GLOBE NEWSWIRE) -- Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce positive results from the first two of seven planned drill holes testing for a buried porphyry on their 100% owned, 200 km2, road accessible Freegold Mountain Property in the Yukon Territory. Highlights include:



  • A 400.48 metre intersection (RVD19-02, 77.52 – 478.00m) of epithermal style mineralization at the WAu Breccia with 1.21 grams per tonne (g/t) gold equivalent** (AuEq**), containing 0.73 g/t gold (Au) and 0.23% copper (Cu), more than doubling the previously known depth of mineralization.


  • A 102.50 metre intersection (RVD19-02, 560.50 – 663.00) of gold-rich porphyry related mineralization (strongly potassic altered granite and chalcopyrite-magnetite breccia), with 1.26 g/t AuEq**, containing 0.73 g/t Au and 0.18% Cu.


  • Based on positive results from drill holes RVD19-01 and RVD19-02, an additional drill hole has been added to the program to further test for high grade porphyry mineralization beneath the WAu Breccia.



Table 1:
Highlighted Results from 2019 Drilling at the WAu Breccia


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=TIG%3ACC&qmodStoryID=5213256911957859 

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8020 Admin

8 days ago

8020 Admin posted a press release H2O Innovation will release its financial results for the fourth quarter and full fiscal year of 2019 in MI3 FINANCIAL COMMUNICATIONS INC.


QUEBEC CITY, Sept. 12, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces that it will release its financial results for the fourth quarter and full fiscal year ended on June 30, 2019 on Wednesday, September 25, 2019, at approximately 8:00 a.m. (EDT). The Corporation will also host a conference call, on the same day, at 10:00 a.m. (EDT).


Financial analysts and investors are invited to attend this conference call during which the 2019 fourth quarter and full fiscal year results will be presented. The call will begin with a presentation by management followed by a question-and-answer period. A slide presentation will be available on the Corporate Presentations page of the Investors section of the Corporation’s website.


Time and date: Wednesday, September 25, 2019 at 10:00 a.m. (EDT)
Dial in number: 1-877-223-4471 or 647-788-4922


About H2O Innovation 
H2O Innovation designs and provides state-of-the-art, custom-built and integrated water treatment solutions based on membrane filtration technology for municipal, industrial, energy and natural resources end-users. The Corporation’s activities rely on three pillars which are i) water & wastewater projects, and services; ii) specialty products, including a complete line of specialty chemicals, consumables and specialized products for the water treatment industry; and iii) operation and maintenance services for water and wastewater treatment systems. For more information, visit www.h2oinnovation.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.


Source:
H2O Innovation Inc.  
www.h2oinnovation.com 

Contact:
Marc Blanchet
+1 418-688-0170
marc.blanchet@h2oinnovation.com 


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8020 Admin

9 days ago

8020 Admin posted a press release Relevium Announces Results of Annual Meeting of Shareholders and Updates Other Regulatory Matters in MI3 FINANCIAL COMMUNICATIONS INC.

MONTREAL, Sept. 11, 2019 (GLOBE NEWSWIRE) -- Relevium Technologies Inc. (TSX.V: “RLV”, OTCQB: “RLLVF” and Frankfurt: “6BX”) (the “Company” or “Relevium”), is pleased to announce the results of the Company's annual general and special meeting (the "AGM") held on September 6, 2019, in Montreal, Quebec. The Company is also pleased to provide other general regulatory updates. 


At the recent annual and special meeting of shareholders held on Friday September 6, 2019, shareholders overwhelming voted in favor of the following items: (i) re-election of the board of directors of Relevium; (ii) appointment of auditors, Guimond Lavallee Inc., Chartered Professional Accountants; and (iii) authorization to voluntarily de-list the common shares of the company from the TSX Venture Exchange and to list the common shares on the Canadian Securities Exchange (CSE).


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=RLV%3ACA&qmodStoryID=8033338824332364 

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8020 Admin

9 days ago

8020 Admin posted a press release Drilling at Interlake Shear Hits 32.0 m Grading 0.71 g/t Au, Including 2.8 m Grading 3.31 g/t in MI3 FINANCIAL COMMUNICATIONS INC.

Qiqavik Property Expanded by 10% to Cover New Wide Mineralized Shear Zone

TORONTO, Sept. 11, 2019 /CNW/ - Orford Mining Corporation ("Orford") (TSX-V: ORM) is pleased to announce the completion of the summer 2019 Exploration program on its 100% controlled Qiqavik gold project in the Cape Smith Belt in northern Quebec. Following the completion of the first and second phase exploration programs consisting of an Airborne Electromagnetic (EM) Survey, Ground Induced Polarization (IP) Survey and detailed prospecting and structural mapping, Orford has completed a 1,368 metre drilling program in 6 holes at Interlake, IP lake and the Focused Intrusive (Figure 1).  This exploration work continues to define shear-hosted gold mineralization along several trends.  In order to cover the western extension of the newly discovered IP Lake Shear Corridor, Orford has increased the size of the Qiqavik property by nearly 10% by adding 75 claims or 31 km2 for a new total of 348 km2.


David Christie, President and CEO of Orford, commented, "We are excited to have discovered visible gold in the newly defined 7km+ IP Lake Shear corridor which may explain several high gold grain count glacial dispersion trains. The 2019 drilling of QK-19-001 and QK-19-004 have extended the Au-bearing Interlake shear zone along strike to over 2 km. The potential unveiled by the results of the VTEM survey at the Esperance Copper-Gold Zone is promising for future exploration programs. We look forward to getting the rest of our results back and planning our 2020 exploration program."


Key 2019 Exploration Program Take-Aways:



  • Extension of the mineralized trend at Interlake to a 5 km strike length with the identification of a thick (up to 500 m wide) structural package of multiple shears and crosscutting structures often coincident with pyrite, chalcopyrite, sphalerite and galena mineralization. (Figure 2).


  • Identification of a large new structural corridor (75-100 m wide) that extends from IP Lake westward for approximately 10 km. The shear is hosted in basalt and meta-sediments and contains large quartz vein boulders with sphalerite, chalcopyrite, galena, pyrite and visible gold (Figure 2). Orford's claim position has been expanded by 10% to cover the IP Lake Shear Zone to the west.


  • Identification of new Au anomalies in boulders up to 648 g/t Au1 (Figure 3) defining dispersion trains pointing towards the IP Lake structural corridor (Figure 2).


  • Successful in intersecting sulphide mineralization together with shearing and/or strong alteration in all drill holes.


  • All six drill holes intersected various types of mineralization that explained the geophysical anomaly being targeted. Assays are pending for the majority of drilling, however partial results from three holes received have all returned gold-bearing intersections (Table 2).


  • Key drilling intersections: Three drill holes tested the Interlake trend over more than 2 km of strike and intersected a number of thick altered/sheared/sulphide mineralized horizons (Figure 4). Two drill holes representing the first testing of the IP Lake Shear Zone, were drilled 600 m apart and intersected thick sections of altered / sheared / sulphide mineralized horizons. One drill hole tested the Focus intrusion and intersected altered and sheared granodiorite with quartz veining and disseminated sulphides.


  • Drill hole QK-19-004 testing the Interlake structural zone 300 m east of drilling completed in 2018 (QK-18-007, 24.6 metres grading 0.48 g/t)2 intersected 32.0 m grading 0.71 g/t gold, including 2.8 m grading 3.31 g/t gold in an altered volcaniclastic.


  • Identification of new untested EM drill targets along the main Esperance trend and additional EM anomalies to the south of the main trend associated with Au (up to 10 g/t in boulders) (Figure 5).


  • Discovery of a new south trend at Esperance sulphide mineralization in surface sampling.


 


1) Note that grab samples are selective by nature and values reported may not be representative of mineralized zones


2) All drilling intervals are down-hole lengths. True thicknesses cannot be estimated with available information.



Figure 1: Overview of 2019 Work Completed at Qiqavik (CNW Group/Orford Mining Corporation)



Summary of Field Surveys Completed and New Targets Outlined



  • 34.8 line-km of IP surveying using Abitibi Geophysics' OrevisionTM system at Interlake and IP Lake (Figure 2) The survey was conducted at various line spacings in a pole-dipole configuration with an "a"-spacing of 25 m.


  • 1,128 line-km airborne EM survey using Geotech's VTEMTM plus time-domain system covering Esperance, Interlake and West Gerfaut at 100m line spacing (Figure 1).


  • 289 frost boil samples (bringing total to 5,022 samples property-wide) (Figure 1).


  • 627 grab samples (bringing total to 2,647 samples property-wide) (Figure 1). 153 large till samples (213 property-wide).


  • 1,368 meters of diamond drilling at Interlake (725m in 3 holes), IP lake (402 m in two holes) and Focused intrusive (240 m in one hole) (Table 1).


Table 1: 2019 Drill Hole Information


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=ORM%3ACC&qmodStoryID=4766287346838751 

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8020 Admin

9 days ago

8020 Admin posted a press release betterU Issues Bi-Weekly Default Status Report Regarding Management Cease Trade Order in MI3 FINANCIAL COMMUNICATIONS INC.

OTTAWA, Sept. 11, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA), (the "Company" or "betterU") is providing this bi-weekly default status report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). In its initial default announcement of July 25, 2019 (the "Default Notice"), the Company announced the delay in the filing of its audited annual financial statements for the fiscal year ended March 31, 2019 (the "2018 Annual Financial Statements"), the accompanying management's discussion and analysis and the related CEO and CFO certifications (collectively, the "Annual Filings") by the filing deadline of July 29th 2019.


As previously announced, the Company applied for and was granted management cease trade orders in respect of the delayed Annual Filings (the "MCTO") by the British Columbia Securities Commission and the Ontario Securities Commission which prohibit the chief financial officer and the chief executive officer from trading in the Company's securities for so long as there are filings that are outstanding under applicable securities laws. The MCTO does not affect the ability of the general investing public to trade in the Company's listed common shares.


The audit of the 2018 Annual Financial Statements is well underway with BDO and the Company currently continues to expect to file the Annual Filings before the end of September 2019.

The Company confirms that since the Default Notice: (i) there is no material change to the information set out in the Default Notice that has not been generally disclosed; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the Company under NP 12-203; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed.

The Company will continue to comply with the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains in default of the filing requirements set out above.

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.


About betterU
betterU, an online education technology company, aims to provide access to quality education from around the world in order to foster growth and opportunity to those who want to better their lives. The Company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated ecosystem. betterU’s offerings can be categorized into four broad functions: to compliment school programs with flexible KG-12 programs preparing children for their next stage of education, to foster an exceptional educational environment by providing befitting skills that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training them and lastly, to connect the end user to various job opportunities.


By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, BetterU will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of BetterU’s system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution. betterU does not assume any obligation to update any forward-looking statements except as required by law.


CONTACT INFORMATION


On behalf of the Board of Directors,
betterU Education Corp.
Brad Loiselle, CEO


Investor Relations
1-613-695-4100
Email: ir@betteru.ca

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