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 ......

people26 Members       (0)

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2 hours ago

8020 Admin posted a press release Relevium Launches LeefyLyfe(TM) Organic Hemp Products in the US in MI3 FINANCIAL COMMUNICATIONS INC.


MONTREAL, Nov. 20, 2019 (GLOBE NEWSWIRE) -- Relevium Technologies Inc. (TSX.V: “RLV”, OTCQB:“RLLVF” and Frankfurt: “6BX”) (the “Company” or “Relevium”), is pleased to announce the launch of LeefyLyfeTM Organics, a comprehensive line of organic health and wellness products formulated with broad spectrum organically sourced Scandinavian hemp.


Organically Sourced Broad-Spectrum Extracts
The carefully crafted premium line of organic hemp extracts are sourced from slow-grown hemp and extracted with CO2 and formulated with MCT oil and rich flavonoids to enhance overall well-being. Each formulated LeefyLyfeTM product contains the purest unprocessed form of hemp extracts with all the beneficial qualities present in hemp.


A Complete Line of Premium Organic Hemp
The Company has launched a 1000Mg Organic Hemp Oil Drops with Citrus flavonoids and a 1000Mg Organic Hemp Gummy Bears with Wild Berry flavonoids, both part of an initial series of eight (8) products planned to be released over the next six months. The two products were officially launched yesterday and are available for purchase on Amazon.com and will be available on all the company’s online platforms in the coming weeks.


Aurelio Useche, CEO of Relevium Technologies stated: “We are delighted to officially launch LeefyLyfeTM Organic Hemp, our premium line of carefully crafted broad spectrum hemp products. Over the next several months we plan to add a unique series of newly formulated products sourced from non-GMO organic hemp from Scandinavia and carefully blended in the US”.  


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.


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.


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 using 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

2 hours ago

8020 Admin posted a press release Monarch Gold Files a Project Notice for Its Wasamac Gold Project with Quebec's Ministry of the Environment and the Fight Against Climate Change in MI3 FINANCIAL COMMUNICATIONS INC.



  • The Corporation is launching the Environmental Impact Assessment and Review (EIAR) process with the goal of putting its Wasamac gold deposit into production.



  • In December 2018, Monarch completed a positive feasibility study on Wasamac (based on a gold price of US$1,300 per ounce) with the following results:



    • Estimated average annual production of 142,000 ounces of gold over 11 years



    • Pre-tax net present value (NPV) of $522 million



    • Pre-tax internal rate of return (IRR) of 23.6%



    • Cash production cost of US$550 per ounce.





  • The proposed project will be based on the Mining 4.0 concept that combines new technologies and respect for the environment, in particular through the Rail-Veyor® electrically powered, remote-controlled underground haulage system.



  • Wasamac is a large-scale gold project that could potentially create several hundred high-quality jobs in the Abitibi region, Quebec.



  • Wasamac was selected as a pilot project by the Government of Quebec to be supported throughout the permitting process by the interdepartmental table announced by Minister Julien on November 19, 2019. The objective is to set up a mining project support service, harmonize processes between the various ministries to avoid duplication and thus accelerate the processing of authorizations required to start a mining project that respects best environmental practices.



MONTREAL, QC / ACCESSWIRE / November 20, 2019 / MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX:MQR) (OTC PINK:MRQRF) (FRANKFURT:MR7) is pleased to announce that it has filed a project notice today with Quebec's Ministry of the Environment and the Fight Against Climate Change (MELCC) for its wholly-owned Wasamac gold project, located 15 km west of Rouyn-Noranda in the Abitibi-Témiscamingue region of Quebec. The project notice is the first step in the mining permit application process, which generally takes 18 to 24 months.


"Today marks a significant milestone in Monarch's history with the launch of the permitting process for production at the Wasamac property," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "Several factors led us to this decision, including the positive feasibility study conducted in December 2018, the strong gold market and the favourable financing and partnership climate for this type of project. In addition, Wasamac is expected to create more than 400 jobs during the construction stage and some 300 jobs once the mine goes into production. Monarch also intends to make Wasamac a Mining 4.0 project, combining new technologies and respect for the environment. The proposed project will feature new production technologies such as the Rail-Veyor® electrically powered, remote-controlled underground haulage system and will include an almost entirely electric fleet of production and development equipment. Our projections indicate that the use of electricity and automation will allow us to produce at a lower cost and minimize our environmental footprint."


Wasamac: A project in step with local communities


A Quebec-based company with a seasoned management team and a board of directors experienced in the development of large-scale mining projects such as Wasamac, Monarch is proactive when it comes to relations with host communities. "We listen to their requests and concerns and act accordingly," said Mr. Lacoste. "The transparency of the process is a priority for us."


Early in the EIAR process, prior to the filing of the project notice, the Corporation initiated consultations with certain stakeholders, including local residents living near the Wasamac project. These preliminary meetings allowed the main concerns associated with the project to be identified. The stakeholders targeted are listed in the project notice, and other stakeholders will be invited to similar information meetings and consultations as the process unfolds.


"In short, we are very proud to be launching this process to bring a major new Quebec gold mine into production," added Mr. Lacoste. "We are convinced that Wasamac could generate positive benefits for the various groups, communities and stakeholders that will be involved in this promising project managed here, by local people, for local people."


Summary of the project notice and preliminary timeline


Monarch prepared the project notice to present the preliminary background and important descriptive information for the Wasamac gold project. Broadly speaking, the Wasamac project consists of:



  • Operation of an underground mine producing 6,000 tonnes per day on average, with an expected mine life of 11 years;

  • Construction of underground ore haulage infrastructure;

  • Construction of a mineral processing plant;

  • Preparation of waste rock, tailings and overburden storage areas; and

  • Establishment of related infrastructure (power supply, telecommunications, heating, ventilation, water treatment, etc.).


The December 2018 feasibility study by BBA (see feasibility study) indicates that the Wasamac deposit hosts a measured and indicated mineral resource of 29.86 million tonnes at an average grade of 2.70 g/t Au, for a total of 2.6 million ounces of gold, and proven and probable mineral reserves of 21.46 million tonnes at an average grade of 2.56 g/t Au, for a total of 1.8 million ounces of gold, with the deposit remaining open along strike and at depth.


The project notice will be available online on the environmental assessment register within 15 days of receipt of the MELCC guidelines specifying the requirements for the environmental impact assessment. The public will also be able to consult the register to find project-related documents as the evaluation process unfolds.


Based on the project notice filed by the Corporation and the guidelines from the ministry, individuals, groups and municipalities will have a 30-day public consultation period during which they may submit their comments to the Minister on the issues that should be addressed in the impact assessment. The Minister will forward the relevant comments on issues that merit consideration in the project's impact assessment to the Corporation and publish them in the environmental assessment register.


Monarch will issue press releases with updates on the permit application process at each stage in the process.


The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, Eng., 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 becoming a 100,000 to 200,000 ounce per year gold producer through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns nearly 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor, Croinor Gold (see video), Fayolle, McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as 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.


- 30 -


FOR MORE INFORMATION:


Jean-Marc Lacoste 1-888-994-4465
President and Chief Executive Officer jm.lacoste@monarquesgold.com


Mathieu Séguin 1-888-994-4465
Vice President, Corporate Development m.seguin@monarquesgold.com


Elisabeth Tremblay 1-888-994-4465
Senior Geologist - Communications Specialist e.tremblay@monarquesgold.com


www.monarquesgold.com



SOURCE: Monarch Gold Corp.


View source version on accesswire.com:
https://www.accesswire.com/567353/Monarch-Gold-Files-a-Project-Notice-for-Its-Wasamac-Gold-Project-with-Quebecs-Ministry-of-the-Environment-and-the-Fight-Against-Climate-Change

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8020 Admin

2 hours ago

8020 Admin posted a press release Cornerstone Files Amended Technical Report for Cascabel (Alpala Deposit) Preliminary Economic Assessment in MI3 FINANCIAL COMMUNICATIONS INC.


OTTAWA, Nov. 20, 2019 (GLOBE NEWSWIRE) -- Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) announces that as a result of a review by staff of the Ontario Securities Commission (“OSC”) the Company is issuing the following news release regarding its technical disclosure made with respect to the Alpala Project in Ecuador.


Specifically, with regards to the Technical Report titled “Cascabel Project, Northern Ecuador, Alpala Copper-Gold-Silver Deposit, NI 43-101 Technical Report on Preliminary Economic Assessment” which has an effective date March 25, 2019 and which was first announced in a news release dated May 20, 2019, the Company wishes to announce the filing of an amended Technical Report which incorporates certain revisions to the originally filed report, including:


(i) inclusion of an updated Qualified Person (QP) certificate from lead consultants Wood showing Mr Peter Gron’s updated status as Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM);


(ii) inclusion of an “Important Notice” provided by Wood in replacement of the Disclaimer in the original document;


(iii) amendment to the reliance on experts references to include references to other experts concerning Items 3.3 (Mining) and 3.4 (Mineral Processing and Infrastructure) now described in Item 2.6 (Information Source References);


(iv) additional information with respect to the key assumptions to support the basis for the cut-off grade used in resource estimates set out in the report; and


(v) the inclusion of a spider sensitivity diagram covering ±25% variations in copper price, gold price, discount rate, Capex and Opex (at 5% intervals).


An revised report incorporating the above-noted amendments has been filed on SEDAR and is available under the profile of the Company and on the Company’s web site. The May 20, 2019 news release summarizing the PEA results can be viewed at: http://www.cornerstoneresources.com/s/NewsReleases.asp?ReportID=850697


About Cornerstone:


Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including the Cascabel gold-enriched copper porphyry joint venture in north west Ecuador. Cornerstone has a 22.8% direct and indirect interest in Cascabel comprised of (i) a direct 15% interest in the project financed through to completion of a feasibility study and repayable at Libor plus 2% out of 90% of its share of the earnings or dividends from an operation at Cascabel, plus (ii) an indirect interest comprised of 9.2% of the shares of joint venture partner and project operator SolGold Plc. Exploraciones Novomining S.A. (“ENSA”), an Ecuadorean company owned by SolGold and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold’s fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA.


Further information is available on Cornerstone’s website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact:


Investor Relations:
Mario Drolet; Email: Mario@mi3.ca; Tel. (514) 904-1333


Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp 


Cautionary Notice:
This news release may contain ‘Forward-Looking Statements’ that involve risks and uncertainties, such as statements of Cornerstone’s beliefs, plans, objectives, strategies, intentions and expectations.  The words “potential,” “anticipate,” “forecast,” “believe,” “estimate,” “intend”, “trends”, “indicate”, “expect,” “may,” “should,” “could”, “project,” “plan,” or the negative or other variations of these words and similar expressions are intended to be among the statements that identify ‘Forward-Looking Statements.’  Although Cornerstone believes that its expectations reflected in these ‘Forward-Looking Statements’ are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature.  These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements.  Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views after the date of this news release.   While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.


On Behalf of the Board,
Brooke Macdonald
President and CEO


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

5 hours ago

8020 Admin posted a press release Emerald Health Therapeutics Responds to Inaccurate Allegations by Village Farms in MI3 FINANCIAL COMMUNICATIONS INC.

Emerald maintains 50% ownership of Pure Sunfarms


VANCOUVER, British Columbia, Nov. 20, 2019 (GLOBE NEWSWIRE) -- Emerald Health Therapeutics, Inc. (“Emerald”) (TSXV: EMH; OTCQX: EMHTF) today responded to inaccurate allegations made by Village Farms International, Inc. ("Village Farms") (TSX: VFF; Nasdaq: VFF) in connection with their 50/50 joint venture, Pure Sunfarms Corp. ("PSF"), and updated the market on certain related matters.


Late yesterday evening Emerald received notice from Village Farms stating that Village Farms had advanced $5.94 million to PSF for additional equity. Village Farms claims that it has the right to acquire these shares under the PSF shareholders’ agreement. In fact, Village Farms has no such right.  Despite Village Farms’ claims, Emerald continues to hold a full 50% ownership interest in PSF.


“We were shocked to receive this notice,” said Riaz Bandali, President and CEO of Emerald. “We can’t speculate on Village Farms’ motivation for making this irresponsible and inaccurate claim, but we want to reassure investors that there has been no change in ownership of PSF. We are disappointed at the aggressive approach of Village Farms in this matter; however, we continue to believe that cooler heads will prevail. Until then we will assertively defend our rights on behalf of our shareholders in the face of these unwarranted actions by Village Farms.”


Under the PSF shareholders' agreement, Village Farms only has the right to make an equity contribution and increase its ownership stake if the other shareholder has defaulted under a contribution notice. A contribution notice can only be issued in certain specific circumstances and no such contribution notice was issued by PSF. The disclosure of Village Farms relating to this issue is therefore incorrect.


Emerald has acted in good faith with respect to its Pure Sunfarms joint venture, to date contributing over $37.4 million in equity investment in the D3 & D2 greenhouse operations, providing $13 million in an interest bearing loan, and purchasing over $20.5 million of cannabis as per the terms of its supply agreement with PSF.


Escrowed Shares


In connection with the exercise of PSF's option to acquire the Delta 2 facility from Village Farms, an option agreement (the "Delta 2 Option Agreement") was entered into among Emerald, Village Farms and PSF. Pursuant to the Delta 2 Option Agreement, Emerald agreed to advance an aggregate of $25 million to PSF. Additionally, certain shares of PSF issued to Emerald were placed in escrow with an escrow agent (the "Escrow Agent") and were to be released to Emerald upon payment by Emerald of amounts payable under the Delta 2 Option Agreement.


Emerald has advanced a total of $17.41 million to PSF under the Delta 2 Option Agreement. Emerald was required to advance a further $5.94 million to PSF (the "Delta 2 Payment") on November 1, 2019; however, Emerald notified PSF that Emerald has decided to set-off the $5.94 million payment owed by Emerald to PSF against a portion of PSF’s debt under Emerald’s $13.0 million principal amount shareholder loan. Emerald has also delivered written notice to the Escrow Agent disputing the release of any of Emerald’s shares of PSF remaining in escrow and has notified the Escrow Agent that it must continue to hold the shares in escrow.


In light of PSF’s actions, Emerald has formally demanded repayment from PSF of the entire amount of its $13.0 million principal amount shareholder loan, plus interest. Emerald’s demand for repayment of its shareholder loan was delivered to PSF this morning.


Supply Agreement with Pure Sunfarms


As previously announced, under its supply agreement (the "Supply Agreement") with PSF, Emerald may decline to accept deliveries of cannabis product from PSF. If product is declined, PSF may sell such product to third parties. In the event of such sale, and only in certain circumstances, Emerald may be required to pay to PSF an amount equal to the difference between the purchase price applicable to Emerald (which is subject to adjustment based on sales by PSF to third parties in accordance with the Supply Agreement) and the price actually paid by such third parties. Between June 21, 2019 and September 29, 2019, Emerald declined to accept certain deliveries of product; this product was subsequently sold by PSF to third parties.


PSF has claimed that Emerald is liable to PSF for an aggregate amount of approximately $7.2 million under the terms of the Supply Agreement. Emerald disputes this claim as it believes that the basis for calculation by PSF of the purchase price is incorrect. Emerald is reviewing information very recently provided by PSF with respect to PSF’s wholesale sales. 


About Emerald Health Therapeutics


Emerald Health Therapeutics, Inc. is a Canadian licensed producer of cannabis products 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 PSF operation in British Columbia, with value-oriented products, is in full production at its first 1.1 million square foot greenhouse operation, Delta 3. PSF’s second 1.1 million square foot greenhouse, Delta 2, is planned to be in full production by the end of 2020. Emerald’s Verdélite 88,000 square foot indoor production facility in Québec is fully-licensed and increasing cultivation of premium, craft cannabis strains. Its Metro Vancouver high-quality organic greenhouse and outdoor operation is expanding production in the first of two 78,000 square foot buildings. Its Emerald Health Naturals joint venture is broadening distribution of its non-cannabis endocannabinoid-supporting product line across Canada. Emerald has contracted for approximately 1,000 acres of hemp annually in 2019 to 2022 with the objective of extracting low-cost CBD. The executive 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:

Jenn Hepburn, 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: future payments under the Delta 2 Option Agreement; the release from escrow of shares of PSF; the purchase of products by Emerald under the Supply Agreement; the resolution of any disputes involving Emerald, Village Farms and/or PSF; payment of amounts owed to Emerald; obtaining required regulatory approvals; production and processing capacity of various facilities; expansion of facilities; receipt of hemp deliveries; 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 Emerald’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. Emerald 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

5 hours ago

8020 Admin posted a press release Dynacor Announces 50% Increase to Its Quarterly Dividend in MI3 FINANCIAL COMMUNICATIONS INC.


MONTREAL, Nov. 20, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) a leading ore purchasing and processing corporation servicing artisanal and small-scale miners (ASM) in Peru, announced today that its Board of Directors approved an increase in the Corporation’s quarterly dividend payment to CA $0.015 (annual CA $0.06 per share), a 50% increase.


Today’s announcement marks the first increase in the Corporation’s dividend history, which was launched on October 1, 2018. The decision to increase reflects management’s and the Board’s continued confidence in Dynacor’s select business model, which has proven over the years to deliver consistent earnings and free cash flow. With management’s new optimization strategy in operations steadily improving cost efficiencies, an increase in gold production and a stable or increasing gold price, the year 2020 should see Dynacor improving on its operating cashflows.           


Dynacor has reported profits for 34 consecutive quarters. The Corporation will continue to evaluate its dividend policy as it increases free cash flow and cash balances with the potential for further increases to its dividend. Since launching the first dividend on October 1, 2018, the Corporation has paid to shareholders five cash instalments amounting to CA $0.05 per common share.


The payment or increase of dividends is at the discretion of the Board and will depend on the Corporation’s financial results, cash requirements, prospects and other factors deemed relevant by the Board.       


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


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

21 hours ago

8020 Admin posted a press release Rover Metals provides update on Toquima acquisition and private placement financing in MI3 FINANCIAL COMMUNICATIONS INC.

VANCOUVER, Nov. 19, 2019 /PRNewswire/ - Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) ("Rover Metals" or the "Company") is pleased to announce that further to its April 10, 2019, June 26, 2019, August 19, 2019, and August 29, 2019, news releases, it continues to make progress on its acquisition of the Toquima, Nevada, precious metals property (the "Transaction"). Further to its August 29, 2019, Press Release, Rover Metals has now closed its $0.06 unit Private Placement financing. The Company closed gross proceeds of $305,986.06 issuing 5,099,751 units. Each unit was comprised of one common share and one common share purchase warrant. Each warrant has a five year life and an exercise price of $0.12 per Warrant. The Company also issued 33,600 broker warrants in connection with the closing.


New Financing


The Company is announcing a new $0.06 unit financing (the "$0.06 Unit Private Placement Financing") for gross proceeds of up to $900,000. Each Unit is comprised of one common share and one common share purchase warrant. Each Warrant has a five year life and an exercise price of $0.12 per warrant, with an acceleration clause if the Company's shares trade at $0.15 per share for five consecutive trading days.


For institutional investors, the Company is also offering a one-year convertible debenture for minimum proceeds of $500,000, with 12% interest, $0.065 conversion floor price, with a full warrant with a three-year life with an exercise price of $0.065 per warrant. 


Judson Culter, CEO at Rover Metals, states: "The proceeds raised from the new financing will be used for future working capital, specifically with regards to starting exploration activities at the Toquima precious metals project in central Nevada."


Trading in the Company's common shares remains halted on the TSXV. The halt is expected to continue pending the completion of the New Financing for minimum proceeds of at least $525,000.


This is an updating press release. The Company plans to issue a further press release once it has completed the pending conditions and provide the information prescribed by applicable policies of the TSXV related to the Transaction.


$0.06 Unit Private Placement


The $0.06 Unit Private Placement remains priced below the closing price of the Company's shares on the TSXV the date that the Transaction was announced (April 10, 2019). Since announcing the private placement on April 10, 2019, the price of gold has appreciated significantly to over USD1,500 per ounce. The Company would like to point out to the reader that several creditable publications have released gold reserve estimates for the producing miners and the trends continue to show precious metal reserves are reaching a ten-year low. The Company encourages the reader to research such publications and consider the value proposition of the five-year warrant being offering in connection with the Company's current financing.


About the Toquima Precious Metals Property, Nevada, USA


The Toquima Property is a gold and silver project located northeast of Tonopah, in central Nevada, USA. The Property comprises 253 contiguous, unpatented mineral claims with an area of approximately 1,958.6 hectares (ha) (4,840 acres). Eight (8) Core claims are under option from Shasta Gold Corp.,19 CX claims are under option from MinQuest Inc., and 226 AR claims were staked in 2016 by Centennial. All claims are in good standing until August 31, 2019.


The Property has been explored since 1970. Between 1970 and 2011, a total of 123 holes, both core and reverse-circulation, with an aggregate length of 17,895 m (58,712 ft) were drilled on the Property. Of this total, approximately 11,500 meters in 78 holes have been drilled within the Silver Reef Zone, the most significant of the known mineral occurrences on the Property. Two historical resource estimates in the context of National Instrument 43-101 exist for the Property. The first was done in 1984 by Copper Range Exploration and estimated 4 million short tons at grades of 2.91 opt Ag and 0.014 opt Au, (3.6 million metric tonnes grading 100 g/t Ag and 0.48 g/t Au). This historical resource estimate was done by hand and none of the key assumptions, parameters, and methods used to prepare this historical resource estimate are available. The second historical resource estimate was done in 1988 by Echo Bay Explorations Inc. which reported "probable" and "possible" resources of 1,251,808 short tons at an uncut grade of 7.22 ounces per ton (opt) Ag and 0.026 opt Au, (1,135,621 metric tonnes grading 247.54 grams per tonne (g/t) Ag and 0.891 g/t Au). A qualified person has not done sufficient work to classify this historical estimate as a current mineral resource, and Rover is not treating them as a current mineral resource.


The Toquima Property is located on the eastern edge of the Toquima Range, a NNE-trending range typical of the Basin-and-Range Province. Most of the Toquima Range is underlain by volcanic rocks of Upper Oligocene to Lower Miocene age, comprising ash-flow tuffs ranging in composition from dacite to high-silica rhyolite. Structure in the Toquima Range is dominated by the generally NE-trending range-front faults on the east and west edges of the range, smaller NE-trending faults, older NW-striking pre-Basin-Range faults, and the circular faults and caldera margins of the Toquima Caldera Complex.


The Toquima Range and the San Antonio Range to the south contain the Northumberland -Tonopah gold-silver belt that hosts at least ten gold-silver mines and properties in addition to the Toquima Property, including Round Mountain (Kinross), Gold Hill, Northumberland, Manhattan, Belmont, and Tonopah. The Property exhibits similarities with most of the other Au-Ag properties in the belt: low-sulfidation epithermal mineralization in caldera margin and/or range front fault zones in veins, stockworks, and breccias hosted in hydrothermally-altered felsic volcanic rocks. Mineralization in the Silver Reef Zone is hosted in the Late Oligocene-age Corcoran Canyon Tuff dated at 27.7 Ma and the Trail Canyon Tuff dated at 23.6 Ma. Three types of felsic intrusions are present on the Property, one or more of which may be related to mineralization.


Exploration on the Property over the last 46 years has outlined the Silver Reef Zone and discovered other mineralized zones. The Silver Reef Ag-Au deposit, a potentially economic zone of pervasive quartz-adularia-sulfide veining, stockwork, and disseminated mineralization accompanied by intense quartz-sericite-pyrite alteration, occurs in a NE-trending, northwest-dipping, zone 500 m wide and 600 m long and has been defined by surface mapping and sampling as well as drilling.


Elsewhere on the Property, exploration identified four additional mineralized zones: Zone M/N is located west of the Silver Reef zone and consists of pervasive quartz-sericite alteration and quartz-adularia veining in a NE trending zone about 800 meters long. Zone R/S is a large area of strong quartz-sericite alteration on the western end of the Property, with anomalous rock and soil assay values. Zone L comprises an ENE-trending Au-Sb-As soil-rock anomaly 100 m long, over a silicified breccia zone. In Zone F, Echo Bay reported rock assays up to 30 g/t Ag, NW of Silver Reef. Although Echo Bay's subsequent soil samples did not generate an anomaly, Bullion River reported one Au-anomalous rock sample in a rhyolite intrusion.


Technical information in this news release has been approved by Raul Sanabria, M.Sc., P.Geo., VP of Exploration at Rover Metals Corp. and a Qualified Person for the purposes of National Instrument 43-101.


About Rover Metals


Rover Metals is a natural resource exploration company specialized in North American precious metal resources, that is currently 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.
https://www.rovermetals.com/


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


Statement Regarding Forward-Looking Information


This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Rover's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover's expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.


THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.


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-provides-update-on-toquima-acquisition-and-private-placement-financing-300961331.html


SOURCE Rover Metals Corp.

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8020 Admin

1 day ago

8020 Admin posted a press release Northern Superior and Neskantaga First Nation Extend Early Exploration Benefits Agreement, TPK Gold - Silver - Copper Property, Northwestern Ontario in MI3 FINANCIAL COMMUNICATIONS INC.

SUDBURY, ON / ACCESSWIRE / November 19, 2019 / Northern Superior Resources Inc. (TSXV:SUP) ("Northern Superior" or the "Company") and Neskantaga First Nation ("Neskantaga") are pleased to announce a three year extension of their Early Exploration Benefits Agreement ("EEBA") for Northern Superior's Ti-pa-haa-kaa-ning ("TPK") gold-silver-copper exploration property located in Northwestern Ontario.


The provisions of the EEBA extend to all third parties, including Northern Superior's current Option/Joint Venture partner for the project, Yamana Gold Inc. ("Yamana").


Dr. T.F. Morris, President and CEO of Northern Superior states: "We are very pleased for the opportunity to continue our working relationship with Neskantaga First Nation. Having both the support and involvement of this Community with our exploration programs is key to the success of unlocking the mineral potential of the TPK property".


Chief Christopher Moonias, Neskantaga First Nation states: "We are encouraged by Northern Superior Resources continued willingness and commitment to engage with the Community in a meaningful way that respects our protocol and allow us to continue to build a stronger relationship. This is very important to fostering a lasting relationship moving forward."


About TPK


This gold-silver-copper property, located in Northwestern Ontario, contains two large independent mineralized systems. The first gold-bearing area is contained within the Big Dam and New Growth areas of the property and is a laterally extensive mineralized shear system stretching 35km across the southern portion of the property. One of North America's largest gold grain-in-till dispersal aprons extends from this area. Gold grain anomalies of this scale are amalgamated responses from a cluster of gold-bearing zones, normally indicating a large gold system or district rather than a single gold-bearing zone (seeNorthern Superior Resources press releases, June 24, 2010, February 27, 2018, November 26, 2018). Results from the 2019 core drill program defined 8 gold-bearing shear zones capable of hosting economic deposits of gold (see Northern Superior Resources press release, May 15, 2019 and July 9, 2019).


The second gold-bearing system is contained within the Annex area of the property. This system is defined by a gold grain-in-till dispersal corridor. Mineralized boulders collected from within this corridor returned assay values of up to 727 g/t gold, 111 g/t silver, 4.1% copper (see Northern Superior Resources press release, June 25, 2012); and drill results returned grades of up to 4.62 g/t gold over 5.5m (see Northern Superior Resources press releases, June 25 and 26, 2012). Prospecting and overburden sampling completed in the summer of 2017 clearly defined the head of this corridor and identified several key mineral targets (see Northern Superior Resources press release, December 6, 2017).


Agreements


Northern Superior owns 100% of the TPK property. Pursuant to an option/joint venture agreement entered into with Yamana, the project is operated by Northern Superior. Completion of this core drill program puts Yamana on track to complete the first-year commitment of this option/ joint venture agreement (see Northern Superior Resources press release, November 26, 2018).


Northern Superior works with Neskantaga through the EEBA to ensure beneficial engagement for all stakeholders through the early exploration phases completed on the TPK property.


Qualified Person


Jonathan O'Callaghan P.Geo., is a qualified person ("QP") within the meaning of National Instrument 43-101. As the QP for the TPK property, Mr. O'Callaghan has reviewed, and approved information disclosed in this press release.


More information on the TPK project can be found on the Company's website (www.nsuperior.com) Northern Superior is currently looking for a partner to help move this valuable property forward to discovery.


About Northern Superior


Northern Superior is a junior exploration company exploring for gold in the Superior Province of the Canadian Shield. The Company is currently focused on exploring its Lac Surprise property in Québec and its TPK property in Ontario. Northern Superior also has a number of other 100% owned properties in Ontario and Québec.


Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Québec, and trades on the TSX Venture Exchange under the symbol SUP.


For more information, please visit www.nsuperior.com or contact:


Thomas F. Morris, President and CEO
Northern Superior Resources Inc.
Tel: (705) 525 ‐0992











Northern Superior Resources
1351 Kelly Lake Road, Unit 7

Sudbury, ON, Canada P3E 5P5
T: (705) 525-0992 F: (705) 525- 7701



Neskantaga First Nation
PO Box 105

Lansdowne House, ON, Canada POT 1Z0
T: (807) 479-2570 F: (807) 479- 1138


 

Forward Looking Statement:


Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.


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.


SOURCE: Northern Superior Resources Inc.


View source version on accesswire.com:
https://www.accesswire.com/567199/Northern-Superior-and-Neskantaga-First-Nation-Extend-Early-Exploration-Benefits-Agreement-TPK-Gold--Silver--Copper-Property-Northwestern-Ontario

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8020 Admin

1 day ago

8020 Admin posted a press release Great Bear Augments Management Team in MI3 FINANCIAL COMMUNICATIONS INC.


VANCOUVER, Nov. 19, 2019 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported the appointment of Mr. Calum Morrison to the position of Vice President, Corporate Development.



Great Bear Resources Ltd. (CNW Group/Great Bear Resources Ltd.)



Mr. Morrison has over 15 years of experience in the mining industry, having worked both in corporate development and investment banking roles.  Mr. Morrison has managed and led negotiations on numerous transactions with aggregate value in excess $5 billion; including acquisitions, divestments, joint ventures, and other strategic initiatives.   Most recently Mr. Morrison was a senior member of Teck Resources Limited's Corporate Development team that oversaw the origination, negotiation, and execution of numerous transactions.


Mr. Morrison is a Chartered Financial Analyst (CFA) Charter Holder, a Chartered Professional Accountant (CPA, CA), and holds a Bachelor of Environmental Science honours degree from Dalhousie university.


Chris Taylor, President and CEO of Great Bear said, "Over eighty percent of our district-scale Dixie property has yet to be explored, and Great Bear will remain focused on building upon its track record of exploration success through 2020 and 2021.  However, even at this early stage, interest in our discoveries has been very strong.  We are very pleased to welcome Calum to our executive team as we are confident he will help us maximize shareholder benefit through the growth of strong relationships within our industry, as the Company continues to advance the Dixie property."


The Company also reports it has granted an aggregate of 125,000 stock options to an employee of the Company, exercisable at $6.57 per share for a period of five years.  Fifty percent of the options vest after an initial four month hold period, while the remaining fifty percent vest on November 18, 2020.


The Board of Directors has also resolved to make the warrants from the September 2018 financing which are exercisable at $1.75 and expire on September 11, 2020, transferrable.  All other terms remain the same. If any of these warrant holders wish to transfer their warrants, please contact the Company's Corporate Secretary, Jeff Dare at: jdare@corexmanagement.com.


About Great Bear


Great Bear Resources Ltd. (TSX-V: GBR) is a well-financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15-minute drive from downtown Red Lake, Ontario.  The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce.  Production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be, hosted on the Company's Dixie property.


The Dixie property hosts different styles of gold mineralization.  High-grade gold-bearing quartz veins and silica-sulphide replacement zones hosted by mafic volcanic rocks, and localized near regional-scale D2 folds, occur at the Dixie Limb and Hinge Zones.  These mineralization styles are also typical of the significant mined deposits of the Red Lake district.


The LP Fault is large a trans-crustal deformation zone that is interpreted to traverse the Dixie property for approximately 20 kilometres of strike length and has been drilled along 4.0 kilometres of strike length to-date.  It hosts high-grade gold mineralization that is controlled by structural and geological contacts, and low to moderate grade disseminated gold that surrounds and flanks the high-grade intervals.  The dominant gold-hosting stratigraphy consists of felsic sediments and volcanic units.


In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology.  All of Great Bear's Red Lake projects are accessible year-round through existing roads.


Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.


For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.


ON BEHALF OF THE BOARD


"Chris Taylor"                                  


Chris Taylor, President and CEO


Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca


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 new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


We seek safe harbor


View original content to download multimedia:http://www.prnewswire.com/news-releases/great-bear-augments-management-team-300960672.html


SOURCE Great Bear Resources Ltd.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2019/19/c9502.html

Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360C

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8020 Admin

5 days ago

8020 Admin posted a press release Indiva Announces Proposed Amendment and Repricing of Outstanding Warrants & Update on Corporate Secretary in MI3 FINANCIAL COMMUNICATIONS INC.


/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/


LONDON, ON, Nov. 15, 2019 /CNW/ - Indiva Limited (the "Company" or "Indiva") (TSXV:NDVA) (OTCQX:NDVAF) is announcing that it is applying to the TSX Venture Exchange (the "Exchange") for approval to amend the terms of an aggregate of 9,429,896 outstanding common share purchase warrants (the "Warrants") issued in connection with the Company's "reverse takeover" transaction, which was completed on December 15, 2017.



Indiva Limited (CNW Group/Indiva Limited)



The Warrants are exercisable into common shares in the capital of the Company at an exercise price of $0.90 per common share and are set to expire on December 13, 2019. Under the proposed amendment to the Warrants (the "Proposed Amendment"), the Company will reduce the exercise price of the Warrants from $0.90 to $0.75 and extend the expiry date of the Warrants from December 13, 2019 to December 13, 2020.


The Proposed Amendment is subject to Exchange approval.


Update on Corporate Secretary


The Company is also pleased to announce and confirm that Ms. Jennifer Welsh, Indiva's Chief Financial Officer, is serving as Corporate Secretary of the Company. This became effective when the previous Corporate Secretary resigned.


ABOUT INDIVA
Indiva's family of cannabis brands set the standard for quality and innovation. Indiva aims to bring its exceptional portfolio of products to Canadians and cannabis enthusiasts around the world as laws permit. Indiva's production facility, based in London, Ontario, includes a craft grow operation and an extraction and manufacturing space, which can process 70 tonnes of biomass annually and produce safe, high-quality, cannabis-infused edibles. In Canada, Indiva will produce and distribute Ruby® Cannabis Sugar, Sapphire™ Cannabis Salt and Ruby® Gems, as well as the award-winning Bhang® Chocolate, and other derivative products through licence agreements and joint ventures. Click here to connect with Indiva on social media and here to find more information on the Company and its products.


DISCLAIMER AND READER ADVISORY
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the Company or the Proposed Amendment and has neither approved nor disapproved the contents of this press release. 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.


Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties' current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the Company's future operations, future product offerings and entry into additional markets, changes to laws and regulations in Canada and internationally, and compliance with applicable regulations. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the parties. The material factors and assumptions include the parties being able to obtain the necessary regulatory and other third parties' approvals and licensing and other risks associated with regulated entities in the cannabis industry. The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward looking information. The foregoing statements expressly qualify any forward-looking information contained herein.


This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.


SOURCE Indiva Limited


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2019/15/c7349.html



MEDIA CONTACT: Kate Abernathy, Vice President of Communications, Phone: 613-296-5764, Email: kabernathy@Indiva.com ; INVESTOR CONTACT: Steve Low, Investor Relations, Phone: 647-620-5101, Email: slow@Indiva.com 

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8020 Admin

5 days ago

8020 Admin posted a press release H2O Innovation Announces Completion of the Acquisition of Genesys in MI3 FINANCIAL COMMUNICATIONS INC.


NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES. 

All amounts are in Canadian dollars unless otherwise stated.

QUÉBEC CITY, Nov. 15, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to report the completion of the previously announced acquisition, on October 28, 2019, of Genesys Holdings Limited, Genesys Manufacturing Limited, Genesys International Limited and Genesys North America, LLC (collectively “Genesys”), a UK privately-owned group of companies specializing in the development and manufacturing of specialty chemicals dedicated to water treatment, at a purchase price of £16.95 M ($28.39 M).


Genesys develops, manufactures and distributes speciality reverse osmosis (RO) membrane chemicals, antiscalants, cleaners, flocculants and biocides, and offers, through a large distribution network of 70 distributors, a portfolio of over 35 diversified products with unique formulation that are manufactured in its facility located in Cheshire, UK. In addition, Genesys also offers complete laboratory services such as feed water and pre-treatment tests, membrane autopsies and cleaning program design.


This transaction will help strengthen H2O Innovation’s specialty chemicals business line in many ways. First, it will enable the Corporation to build a strong portfolio of products by combining the strengths of both the phosphonate technology and dendrimer chemistry. This extended and diversified product offering should enable H2O Innovation to cover a wider range of applications related to membrane filtration, and thus, improve its specialty chemicals’ sales. Furthermore, the combination of Genesys and PWT sales distribution networks will allow to build one of the largest distribution platforms for specialty chemicals, including 100 distributors active in more than 70 countries. Finally, since PWT is already manufacturing its products in California (USA) while Genesys is blending theirs in Cheshire (UK), the merger of the two companies will allow the Corporation to optimize its manufacturing strategy in order to lower freight costs for our customers and reduce delivery time.


“Through our innovative product line and first-class service, Genesys has become a leading name in the membrane market. All our branded formulations have been developed in-house and are produced at our UK factory in Cheshire. Although Genesys is highly profitable and has grown strongly over the years, we realize that the next stage in growth can only be achieved in combination with a larger organization”, said Ted Darton, President and Co-founder of Genesys.


“Whilst there was a significant level of interest in our business, we chose H2O Innovation as it became apparent, they were the perfect partner and ultimately represented the right home for our business and more importantly our employees. H2O Innovation will maintain the family feel that Genesys has developed by looking after its staff and distributors. As there are significant areas of synergy for both companies, we fully endorse the acquisition knowing it will be highly beneficial to all those involved”, added Ursula Annunziata, Director and Co-founder of Genesys.


The purchase price was established at £16.95 M ($28.39 M), on a cash-free, debt-free basis fully payable at closing of the acquisition. Genesys’ acquisition has been financed through committed credit facility as well as proceeds from an equity offering for gross proceeds of $22 M, including an overnight marketed public offering of subscription receipts for anticipated gross proceeds of $14 M as well as a concurrent brokered private placement of subscription receipts with BDC Capital Inc., Caisse de dépôt et placement du Québec and Investissement Québec for aggregate proceeds of $8 M. The acquisition will also be financed by such amount needed to be drawn on the term loan made available in an amount of $12 M.


Prospective disclosures


Certain statements set forth in this press release regarding the operations and the activities of H2O Innovation as well as other communications by the Corporation to the public that describe more generally management objectives, projections, estimates, expectations or forecasts may constitute forward-looking statements within the meaning of securities legislation. Forward-looking statements concern analysis and other information based on forecast future results and the estimate of amounts that cannot yet be determined. Forward-looking statements include the use of the words such as “anticipate”, “if”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “potential”, “predict”, “project”, “should” or “will” and other similar terms as well as those usually used in the future and the conditional. Those forward-looking statements involve a number of risks and uncertainties, which may result in actual and future results of the Corporation to be materially different than those indicated. Information about the risk factors to which the Corporation is exposed is provided in the Annual Information Form dated September 24, 2019 available on SEDAR (www.sedar.com). Unless required to do so pursuant to applicable securities legislation, H2O Innovation assumes no obligation to update or revise forward-looking statements contained in this press release or in other communications as a result of new information, future events and other changes.


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 and wastewater projects and services; ii) specialty products, which include a complete line of maple equipment and products, specialty chemicals, consumables and specialized products for the water treatment industry; and iii) operation and maintenance services for water and wastewater treatment systems and utilities. For more information, visit www.h2oinnovation.com.


Neither 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.


Source:


H2O Innovation Inc.
www.h2oinnovation.com


Contact:


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


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8020 Admin

2 hours ago

8020 Admin posted a press release Relevium Launches LeefyLyfe(TM) Organic Hemp Products in the US in MI3 FINANCIAL COMMUNICATIONS INC.


MONTREAL, Nov. 20, 2019 (GLOBE NEWSWIRE) -- Relevium Technologies Inc. (TSX.V: “RLV”, OTCQB:“RLLVF” and Frankfurt: “6BX”) (the “Company” or “Relevium”), is pleased to announce the launch of LeefyLyfeTM Organics, a comprehensive line of organic health and wellness products formulated with broad spectrum organically sourced Scandinavian hemp.


Organically Sourced Broad-Spectrum Extracts
The carefully crafted premium line of organic hemp extracts are sourced from slow-grown hemp and extracted with CO2 and formulated with MCT oil and rich flavonoids to enhance overall well-being. Each formulated LeefyLyfeTM product contains the purest unprocessed form of hemp extracts with all the beneficial qualities present in hemp.


A Complete Line of Premium Organic Hemp
The Company has launched a 1000Mg Organic Hemp Oil Drops with Citrus flavonoids and a 1000Mg Organic Hemp Gummy Bears with Wild Berry flavonoids, both part of an initial series of eight (8) products planned to be released over the next six months. The two products were officially launched yesterday and are available for purchase on Amazon.com and will be available on all the company’s online platforms in the coming weeks.


Aurelio Useche, CEO of Relevium Technologies stated: “We are delighted to officially launch LeefyLyfeTM Organic Hemp, our premium line of carefully crafted broad spectrum hemp products. Over the next several months we plan to add a unique series of newly formulated products sourced from non-GMO organic hemp from Scandinavia and carefully blended in the US”.  


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.


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.


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 using 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

2 hours ago

8020 Admin posted a press release Monarch Gold Files a Project Notice for Its Wasamac Gold Project with Quebec's Ministry of the Environment and the Fight Against Climate Change in MI3 FINANCIAL COMMUNICATIONS INC.



  • The Corporation is launching the Environmental Impact Assessment and Review (EIAR) process with the goal of putting its Wasamac gold deposit into production.



  • In December 2018, Monarch completed a positive feasibility study on Wasamac (based on a gold price of US$1,300 per ounce) with the following results:



    • Estimated average annual production of 142,000 ounces of gold over 11 years



    • Pre-tax net present value (NPV) of $522 million



    • Pre-tax internal rate of return (IRR) of 23.6%



    • Cash production cost of US$550 per ounce.





  • The proposed project will be based on the Mining 4.0 concept that combines new technologies and respect for the environment, in particular through the Rail-Veyor® electrically powered, remote-controlled underground haulage system.



  • Wasamac is a large-scale gold project that could potentially create several hundred high-quality jobs in the Abitibi region, Quebec.



  • Wasamac was selected as a pilot project by the Government of Quebec to be supported throughout the permitting process by the interdepartmental table announced by Minister Julien on November 19, 2019. The objective is to set up a mining project support service, harmonize processes between the various ministries to avoid duplication and thus accelerate the processing of authorizations required to start a mining project that respects best environmental practices.



MONTREAL, QC / ACCESSWIRE / November 20, 2019 / MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX:MQR) (OTC PINK:MRQRF) (FRANKFURT:MR7) is pleased to announce that it has filed a project notice today with Quebec's Ministry of the Environment and the Fight Against Climate Change (MELCC) for its wholly-owned Wasamac gold project, located 15 km west of Rouyn-Noranda in the Abitibi-Témiscamingue region of Quebec. The project notice is the first step in the mining permit application process, which generally takes 18 to 24 months.


"Today marks a significant milestone in Monarch's history with the launch of the permitting process for production at the Wasamac property," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "Several factors led us to this decision, including the positive feasibility study conducted in December 2018, the strong gold market and the favourable financing and partnership climate for this type of project. In addition, Wasamac is expected to create more than 400 jobs during the construction stage and some 300 jobs once the mine goes into production. Monarch also intends to make Wasamac a Mining 4.0 project, combining new technologies and respect for the environment. The proposed project will feature new production technologies such as the Rail-Veyor® electrically powered, remote-controlled underground haulage system and will include an almost entirely electric fleet of production and development equipment. Our projections indicate that the use of electricity and automation will allow us to produce at a lower cost and minimize our environmental footprint."


Wasamac: A project in step with local communities


A Quebec-based company with a seasoned management team and a board of directors experienced in the development of large-scale mining projects such as Wasamac, Monarch is proactive when it comes to relations with host communities. "We listen to their requests and concerns and act accordingly," said Mr. Lacoste. "The transparency of the process is a priority for us."


Early in the EIAR process, prior to the filing of the project notice, the Corporation initiated consultations with certain stakeholders, including local residents living near the Wasamac project. These preliminary meetings allowed the main concerns associated with the project to be identified. The stakeholders targeted are listed in the project notice, and other stakeholders will be invited to similar information meetings and consultations as the process unfolds.


"In short, we are very proud to be launching this process to bring a major new Quebec gold mine into production," added Mr. Lacoste. "We are convinced that Wasamac could generate positive benefits for the various groups, communities and stakeholders that will be involved in this promising project managed here, by local people, for local people."


Summary of the project notice and preliminary timeline


Monarch prepared the project notice to present the preliminary background and important descriptive information for the Wasamac gold project. Broadly speaking, the Wasamac project consists of:



  • Operation of an underground mine producing 6,000 tonnes per day on average, with an expected mine life of 11 years;

  • Construction of underground ore haulage infrastructure;

  • Construction of a mineral processing plant;

  • Preparation of waste rock, tailings and overburden storage areas; and

  • Establishment of related infrastructure (power supply, telecommunications, heating, ventilation, water treatment, etc.).


The December 2018 feasibility study by BBA (see feasibility study) indicates that the Wasamac deposit hosts a measured and indicated mineral resource of 29.86 million tonnes at an average grade of 2.70 g/t Au, for a total of 2.6 million ounces of gold, and proven and probable mineral reserves of 21.46 million tonnes at an average grade of 2.56 g/t Au, for a total of 1.8 million ounces of gold, with the deposit remaining open along strike and at depth.


The project notice will be available online on the environmental assessment register within 15 days of receipt of the MELCC guidelines specifying the requirements for the environmental impact assessment. The public will also be able to consult the register to find project-related documents as the evaluation process unfolds.


Based on the project notice filed by the Corporation and the guidelines from the ministry, individuals, groups and municipalities will have a 30-day public consultation period during which they may submit their comments to the Minister on the issues that should be addressed in the impact assessment. The Minister will forward the relevant comments on issues that merit consideration in the project's impact assessment to the Corporation and publish them in the environmental assessment register.


Monarch will issue press releases with updates on the permit application process at each stage in the process.


The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, Eng., 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 becoming a 100,000 to 200,000 ounce per year gold producer through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns nearly 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor, Croinor Gold (see video), Fayolle, McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as 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.


- 30 -


FOR MORE INFORMATION:


Jean-Marc Lacoste 1-888-994-4465
President and Chief Executive Officer jm.lacoste@monarquesgold.com


Mathieu Séguin 1-888-994-4465
Vice President, Corporate Development m.seguin@monarquesgold.com


Elisabeth Tremblay 1-888-994-4465
Senior Geologist - Communications Specialist e.tremblay@monarquesgold.com


www.monarquesgold.com



SOURCE: Monarch Gold Corp.


View source version on accesswire.com:
https://www.accesswire.com/567353/Monarch-Gold-Files-a-Project-Notice-for-Its-Wasamac-Gold-Project-with-Quebecs-Ministry-of-the-Environment-and-the-Fight-Against-Climate-Change

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2 hours ago

8020 Admin posted a press release Cornerstone Files Amended Technical Report for Cascabel (Alpala Deposit) Preliminary Economic Assessment in MI3 FINANCIAL COMMUNICATIONS INC.


OTTAWA, Nov. 20, 2019 (GLOBE NEWSWIRE) -- Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) announces that as a result of a review by staff of the Ontario Securities Commission (“OSC”) the Company is issuing the following news release regarding its technical disclosure made with respect to the Alpala Project in Ecuador.


Specifically, with regards to the Technical Report titled “Cascabel Project, Northern Ecuador, Alpala Copper-Gold-Silver Deposit, NI 43-101 Technical Report on Preliminary Economic Assessment” which has an effective date March 25, 2019 and which was first announced in a news release dated May 20, 2019, the Company wishes to announce the filing of an amended Technical Report which incorporates certain revisions to the originally filed report, including:


(i) inclusion of an updated Qualified Person (QP) certificate from lead consultants Wood showing Mr Peter Gron’s updated status as Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM);


(ii) inclusion of an “Important Notice” provided by Wood in replacement of the Disclaimer in the original document;


(iii) amendment to the reliance on experts references to include references to other experts concerning Items 3.3 (Mining) and 3.4 (Mineral Processing and Infrastructure) now described in Item 2.6 (Information Source References);


(iv) additional information with respect to the key assumptions to support the basis for the cut-off grade used in resource estimates set out in the report; and


(v) the inclusion of a spider sensitivity diagram covering ±25% variations in copper price, gold price, discount rate, Capex and Opex (at 5% intervals).


An revised report incorporating the above-noted amendments has been filed on SEDAR and is available under the profile of the Company and on the Company’s web site. The May 20, 2019 news release summarizing the PEA results can be viewed at: http://www.cornerstoneresources.com/s/NewsReleases.asp?ReportID=850697


About Cornerstone:


Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including the Cascabel gold-enriched copper porphyry joint venture in north west Ecuador. Cornerstone has a 22.8% direct and indirect interest in Cascabel comprised of (i) a direct 15% interest in the project financed through to completion of a feasibility study and repayable at Libor plus 2% out of 90% of its share of the earnings or dividends from an operation at Cascabel, plus (ii) an indirect interest comprised of 9.2% of the shares of joint venture partner and project operator SolGold Plc. Exploraciones Novomining S.A. (“ENSA”), an Ecuadorean company owned by SolGold and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold’s fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA.


Further information is available on Cornerstone’s website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact:


Investor Relations:
Mario Drolet; Email: Mario@mi3.ca; Tel. (514) 904-1333


Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp 


Cautionary Notice:
This news release may contain ‘Forward-Looking Statements’ that involve risks and uncertainties, such as statements of Cornerstone’s beliefs, plans, objectives, strategies, intentions and expectations.  The words “potential,” “anticipate,” “forecast,” “believe,” “estimate,” “intend”, “trends”, “indicate”, “expect,” “may,” “should,” “could”, “project,” “plan,” or the negative or other variations of these words and similar expressions are intended to be among the statements that identify ‘Forward-Looking Statements.’  Although Cornerstone believes that its expectations reflected in these ‘Forward-Looking Statements’ are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature.  These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements.  Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views after the date of this news release.   While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.


On Behalf of the Board,
Brooke Macdonald
President and CEO


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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5 hours ago

8020 Admin posted a press release Emerald Health Therapeutics Responds to Inaccurate Allegations by Village Farms in MI3 FINANCIAL COMMUNICATIONS INC.

Emerald maintains 50% ownership of Pure Sunfarms


VANCOUVER, British Columbia, Nov. 20, 2019 (GLOBE NEWSWIRE) -- Emerald Health Therapeutics, Inc. (“Emerald”) (TSXV: EMH; OTCQX: EMHTF) today responded to inaccurate allegations made by Village Farms International, Inc. ("Village Farms") (TSX: VFF; Nasdaq: VFF) in connection with their 50/50 joint venture, Pure Sunfarms Corp. ("PSF"), and updated the market on certain related matters.


Late yesterday evening Emerald received notice from Village Farms stating that Village Farms had advanced $5.94 million to PSF for additional equity. Village Farms claims that it has the right to acquire these shares under the PSF shareholders’ agreement. In fact, Village Farms has no such right.  Despite Village Farms’ claims, Emerald continues to hold a full 50% ownership interest in PSF.


“We were shocked to receive this notice,” said Riaz Bandali, President and CEO of Emerald. “We can’t speculate on Village Farms’ motivation for making this irresponsible and inaccurate claim, but we want to reassure investors that there has been no change in ownership of PSF. We are disappointed at the aggressive approach of Village Farms in this matter; however, we continue to believe that cooler heads will prevail. Until then we will assertively defend our rights on behalf of our shareholders in the face of these unwarranted actions by Village Farms.”


Under the PSF shareholders' agreement, Village Farms only has the right to make an equity contribution and increase its ownership stake if the other shareholder has defaulted under a contribution notice. A contribution notice can only be issued in certain specific circumstances and no such contribution notice was issued by PSF. The disclosure of Village Farms relating to this issue is therefore incorrect.


Emerald has acted in good faith with respect to its Pure Sunfarms joint venture, to date contributing over $37.4 million in equity investment in the D3 & D2 greenhouse operations, providing $13 million in an interest bearing loan, and purchasing over $20.5 million of cannabis as per the terms of its supply agreement with PSF.


Escrowed Shares


In connection with the exercise of PSF's option to acquire the Delta 2 facility from Village Farms, an option agreement (the "Delta 2 Option Agreement") was entered into among Emerald, Village Farms and PSF. Pursuant to the Delta 2 Option Agreement, Emerald agreed to advance an aggregate of $25 million to PSF. Additionally, certain shares of PSF issued to Emerald were placed in escrow with an escrow agent (the "Escrow Agent") and were to be released to Emerald upon payment by Emerald of amounts payable under the Delta 2 Option Agreement.


Emerald has advanced a total of $17.41 million to PSF under the Delta 2 Option Agreement. Emerald was required to advance a further $5.94 million to PSF (the "Delta 2 Payment") on November 1, 2019; however, Emerald notified PSF that Emerald has decided to set-off the $5.94 million payment owed by Emerald to PSF against a portion of PSF’s debt under Emerald’s $13.0 million principal amount shareholder loan. Emerald has also delivered written notice to the Escrow Agent disputing the release of any of Emerald’s shares of PSF remaining in escrow and has notified the Escrow Agent that it must continue to hold the shares in escrow.


In light of PSF’s actions, Emerald has formally demanded repayment from PSF of the entire amount of its $13.0 million principal amount shareholder loan, plus interest. Emerald’s demand for repayment of its shareholder loan was delivered to PSF this morning.


Supply Agreement with Pure Sunfarms


As previously announced, under its supply agreement (the "Supply Agreement") with PSF, Emerald may decline to accept deliveries of cannabis product from PSF. If product is declined, PSF may sell such product to third parties. In the event of such sale, and only in certain circumstances, Emerald may be required to pay to PSF an amount equal to the difference between the purchase price applicable to Emerald (which is subject to adjustment based on sales by PSF to third parties in accordance with the Supply Agreement) and the price actually paid by such third parties. Between June 21, 2019 and September 29, 2019, Emerald declined to accept certain deliveries of product; this product was subsequently sold by PSF to third parties.


PSF has claimed that Emerald is liable to PSF for an aggregate amount of approximately $7.2 million under the terms of the Supply Agreement. Emerald disputes this claim as it believes that the basis for calculation by PSF of the purchase price is incorrect. Emerald is reviewing information very recently provided by PSF with respect to PSF’s wholesale sales. 


About Emerald Health Therapeutics


Emerald Health Therapeutics, Inc. is a Canadian licensed producer of cannabis products 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 PSF operation in British Columbia, with value-oriented products, is in full production at its first 1.1 million square foot greenhouse operation, Delta 3. PSF’s second 1.1 million square foot greenhouse, Delta 2, is planned to be in full production by the end of 2020. Emerald’s Verdélite 88,000 square foot indoor production facility in Québec is fully-licensed and increasing cultivation of premium, craft cannabis strains. Its Metro Vancouver high-quality organic greenhouse and outdoor operation is expanding production in the first of two 78,000 square foot buildings. Its Emerald Health Naturals joint venture is broadening distribution of its non-cannabis endocannabinoid-supporting product line across Canada. Emerald has contracted for approximately 1,000 acres of hemp annually in 2019 to 2022 with the objective of extracting low-cost CBD. The executive 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:

Jenn Hepburn, 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: future payments under the Delta 2 Option Agreement; the release from escrow of shares of PSF; the purchase of products by Emerald under the Supply Agreement; the resolution of any disputes involving Emerald, Village Farms and/or PSF; payment of amounts owed to Emerald; obtaining required regulatory approvals; production and processing capacity of various facilities; expansion of facilities; receipt of hemp deliveries; 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 Emerald’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. Emerald 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

5 hours ago

8020 Admin posted a press release Dynacor Announces 50% Increase to Its Quarterly Dividend in MI3 FINANCIAL COMMUNICATIONS INC.


MONTREAL, Nov. 20, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) a leading ore purchasing and processing corporation servicing artisanal and small-scale miners (ASM) in Peru, announced today that its Board of Directors approved an increase in the Corporation’s quarterly dividend payment to CA $0.015 (annual CA $0.06 per share), a 50% increase.


Today’s announcement marks the first increase in the Corporation’s dividend history, which was launched on October 1, 2018. The decision to increase reflects management’s and the Board’s continued confidence in Dynacor’s select business model, which has proven over the years to deliver consistent earnings and free cash flow. With management’s new optimization strategy in operations steadily improving cost efficiencies, an increase in gold production and a stable or increasing gold price, the year 2020 should see Dynacor improving on its operating cashflows.           


Dynacor has reported profits for 34 consecutive quarters. The Corporation will continue to evaluate its dividend policy as it increases free cash flow and cash balances with the potential for further increases to its dividend. Since launching the first dividend on October 1, 2018, the Corporation has paid to shareholders five cash instalments amounting to CA $0.05 per common share.


The payment or increase of dividends is at the discretion of the Board and will depend on the Corporation’s financial results, cash requirements, prospects and other factors deemed relevant by the Board.       


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


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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21 hours ago

8020 Admin posted a press release Rover Metals provides update on Toquima acquisition and private placement financing in MI3 FINANCIAL COMMUNICATIONS INC.

VANCOUVER, Nov. 19, 2019 /PRNewswire/ - Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) ("Rover Metals" or the "Company") is pleased to announce that further to its April 10, 2019, June 26, 2019, August 19, 2019, and August 29, 2019, news releases, it continues to make progress on its acquisition of the Toquima, Nevada, precious metals property (the "Transaction"). Further to its August 29, 2019, Press Release, Rover Metals has now closed its $0.06 unit Private Placement financing. The Company closed gross proceeds of $305,986.06 issuing 5,099,751 units. Each unit was comprised of one common share and one common share purchase warrant. Each warrant has a five year life and an exercise price of $0.12 per Warrant. The Company also issued 33,600 broker warrants in connection with the closing.


New Financing


The Company is announcing a new $0.06 unit financing (the "$0.06 Unit Private Placement Financing") for gross proceeds of up to $900,000. Each Unit is comprised of one common share and one common share purchase warrant. Each Warrant has a five year life and an exercise price of $0.12 per warrant, with an acceleration clause if the Company's shares trade at $0.15 per share for five consecutive trading days.


For institutional investors, the Company is also offering a one-year convertible debenture for minimum proceeds of $500,000, with 12% interest, $0.065 conversion floor price, with a full warrant with a three-year life with an exercise price of $0.065 per warrant. 


Judson Culter, CEO at Rover Metals, states: "The proceeds raised from the new financing will be used for future working capital, specifically with regards to starting exploration activities at the Toquima precious metals project in central Nevada."


Trading in the Company's common shares remains halted on the TSXV. The halt is expected to continue pending the completion of the New Financing for minimum proceeds of at least $525,000.


This is an updating press release. The Company plans to issue a further press release once it has completed the pending conditions and provide the information prescribed by applicable policies of the TSXV related to the Transaction.


$0.06 Unit Private Placement


The $0.06 Unit Private Placement remains priced below the closing price of the Company's shares on the TSXV the date that the Transaction was announced (April 10, 2019). Since announcing the private placement on April 10, 2019, the price of gold has appreciated significantly to over USD1,500 per ounce. The Company would like to point out to the reader that several creditable publications have released gold reserve estimates for the producing miners and the trends continue to show precious metal reserves are reaching a ten-year low. The Company encourages the reader to research such publications and consider the value proposition of the five-year warrant being offering in connection with the Company's current financing.


About the Toquima Precious Metals Property, Nevada, USA


The Toquima Property is a gold and silver project located northeast of Tonopah, in central Nevada, USA. The Property comprises 253 contiguous, unpatented mineral claims with an area of approximately 1,958.6 hectares (ha) (4,840 acres). Eight (8) Core claims are under option from Shasta Gold Corp.,19 CX claims are under option from MinQuest Inc., and 226 AR claims were staked in 2016 by Centennial. All claims are in good standing until August 31, 2019.


The Property has been explored since 1970. Between 1970 and 2011, a total of 123 holes, both core and reverse-circulation, with an aggregate length of 17,895 m (58,712 ft) were drilled on the Property. Of this total, approximately 11,500 meters in 78 holes have been drilled within the Silver Reef Zone, the most significant of the known mineral occurrences on the Property. Two historical resource estimates in the context of National Instrument 43-101 exist for the Property. The first was done in 1984 by Copper Range Exploration and estimated 4 million short tons at grades of 2.91 opt Ag and 0.014 opt Au, (3.6 million metric tonnes grading 100 g/t Ag and 0.48 g/t Au). This historical resource estimate was done by hand and none of the key assumptions, parameters, and methods used to prepare this historical resource estimate are available. The second historical resource estimate was done in 1988 by Echo Bay Explorations Inc. which reported "probable" and "possible" resources of 1,251,808 short tons at an uncut grade of 7.22 ounces per ton (opt) Ag and 0.026 opt Au, (1,135,621 metric tonnes grading 247.54 grams per tonne (g/t) Ag and 0.891 g/t Au). A qualified person has not done sufficient work to classify this historical estimate as a current mineral resource, and Rover is not treating them as a current mineral resource.


The Toquima Property is located on the eastern edge of the Toquima Range, a NNE-trending range typical of the Basin-and-Range Province. Most of the Toquima Range is underlain by volcanic rocks of Upper Oligocene to Lower Miocene age, comprising ash-flow tuffs ranging in composition from dacite to high-silica rhyolite. Structure in the Toquima Range is dominated by the generally NE-trending range-front faults on the east and west edges of the range, smaller NE-trending faults, older NW-striking pre-Basin-Range faults, and the circular faults and caldera margins of the Toquima Caldera Complex.


The Toquima Range and the San Antonio Range to the south contain the Northumberland -Tonopah gold-silver belt that hosts at least ten gold-silver mines and properties in addition to the Toquima Property, including Round Mountain (Kinross), Gold Hill, Northumberland, Manhattan, Belmont, and Tonopah. The Property exhibits similarities with most of the other Au-Ag properties in the belt: low-sulfidation epithermal mineralization in caldera margin and/or range front fault zones in veins, stockworks, and breccias hosted in hydrothermally-altered felsic volcanic rocks. Mineralization in the Silver Reef Zone is hosted in the Late Oligocene-age Corcoran Canyon Tuff dated at 27.7 Ma and the Trail Canyon Tuff dated at 23.6 Ma. Three types of felsic intrusions are present on the Property, one or more of which may be related to mineralization.


Exploration on the Property over the last 46 years has outlined the Silver Reef Zone and discovered other mineralized zones. The Silver Reef Ag-Au deposit, a potentially economic zone of pervasive quartz-adularia-sulfide veining, stockwork, and disseminated mineralization accompanied by intense quartz-sericite-pyrite alteration, occurs in a NE-trending, northwest-dipping, zone 500 m wide and 600 m long and has been defined by surface mapping and sampling as well as drilling.


Elsewhere on the Property, exploration identified four additional mineralized zones: Zone M/N is located west of the Silver Reef zone and consists of pervasive quartz-sericite alteration and quartz-adularia veining in a NE trending zone about 800 meters long. Zone R/S is a large area of strong quartz-sericite alteration on the western end of the Property, with anomalous rock and soil assay values. Zone L comprises an ENE-trending Au-Sb-As soil-rock anomaly 100 m long, over a silicified breccia zone. In Zone F, Echo Bay reported rock assays up to 30 g/t Ag, NW of Silver Reef. Although Echo Bay's subsequent soil samples did not generate an anomaly, Bullion River reported one Au-anomalous rock sample in a rhyolite intrusion.


Technical information in this news release has been approved by Raul Sanabria, M.Sc., P.Geo., VP of Exploration at Rover Metals Corp. and a Qualified Person for the purposes of National Instrument 43-101.


About Rover Metals


Rover Metals is a natural resource exploration company specialized in North American precious metal resources, that is currently 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.
https://www.rovermetals.com/


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


Statement Regarding Forward-Looking Information


This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Rover's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover's expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.


THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.


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-provides-update-on-toquima-acquisition-and-private-placement-financing-300961331.html


SOURCE Rover Metals Corp.

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8020 Admin

1 day ago

8020 Admin posted a press release Northern Superior and Neskantaga First Nation Extend Early Exploration Benefits Agreement, TPK Gold - Silver - Copper Property, Northwestern Ontario in MI3 FINANCIAL COMMUNICATIONS INC.

SUDBURY, ON / ACCESSWIRE / November 19, 2019 / Northern Superior Resources Inc. (TSXV:SUP) ("Northern Superior" or the "Company") and Neskantaga First Nation ("Neskantaga") are pleased to announce a three year extension of their Early Exploration Benefits Agreement ("EEBA") for Northern Superior's Ti-pa-haa-kaa-ning ("TPK") gold-silver-copper exploration property located in Northwestern Ontario.


The provisions of the EEBA extend to all third parties, including Northern Superior's current Option/Joint Venture partner for the project, Yamana Gold Inc. ("Yamana").


Dr. T.F. Morris, President and CEO of Northern Superior states: "We are very pleased for the opportunity to continue our working relationship with Neskantaga First Nation. Having both the support and involvement of this Community with our exploration programs is key to the success of unlocking the mineral potential of the TPK property".


Chief Christopher Moonias, Neskantaga First Nation states: "We are encouraged by Northern Superior Resources continued willingness and commitment to engage with the Community in a meaningful way that respects our protocol and allow us to continue to build a stronger relationship. This is very important to fostering a lasting relationship moving forward."


About TPK


This gold-silver-copper property, located in Northwestern Ontario, contains two large independent mineralized systems. The first gold-bearing area is contained within the Big Dam and New Growth areas of the property and is a laterally extensive mineralized shear system stretching 35km across the southern portion of the property. One of North America's largest gold grain-in-till dispersal aprons extends from this area. Gold grain anomalies of this scale are amalgamated responses from a cluster of gold-bearing zones, normally indicating a large gold system or district rather than a single gold-bearing zone (seeNorthern Superior Resources press releases, June 24, 2010, February 27, 2018, November 26, 2018). Results from the 2019 core drill program defined 8 gold-bearing shear zones capable of hosting economic deposits of gold (see Northern Superior Resources press release, May 15, 2019 and July 9, 2019).


The second gold-bearing system is contained within the Annex area of the property. This system is defined by a gold grain-in-till dispersal corridor. Mineralized boulders collected from within this corridor returned assay values of up to 727 g/t gold, 111 g/t silver, 4.1% copper (see Northern Superior Resources press release, June 25, 2012); and drill results returned grades of up to 4.62 g/t gold over 5.5m (see Northern Superior Resources press releases, June 25 and 26, 2012). Prospecting and overburden sampling completed in the summer of 2017 clearly defined the head of this corridor and identified several key mineral targets (see Northern Superior Resources press release, December 6, 2017).


Agreements


Northern Superior owns 100% of the TPK property. Pursuant to an option/joint venture agreement entered into with Yamana, the project is operated by Northern Superior. Completion of this core drill program puts Yamana on track to complete the first-year commitment of this option/ joint venture agreement (see Northern Superior Resources press release, November 26, 2018).


Northern Superior works with Neskantaga through the EEBA to ensure beneficial engagement for all stakeholders through the early exploration phases completed on the TPK property.


Qualified Person


Jonathan O'Callaghan P.Geo., is a qualified person ("QP") within the meaning of National Instrument 43-101. As the QP for the TPK property, Mr. O'Callaghan has reviewed, and approved information disclosed in this press release.


More information on the TPK project can be found on the Company's website (www.nsuperior.com) Northern Superior is currently looking for a partner to help move this valuable property forward to discovery.


About Northern Superior


Northern Superior is a junior exploration company exploring for gold in the Superior Province of the Canadian Shield. The Company is currently focused on exploring its Lac Surprise property in Québec and its TPK property in Ontario. Northern Superior also has a number of other 100% owned properties in Ontario and Québec.


Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Québec, and trades on the TSX Venture Exchange under the symbol SUP.


For more information, please visit www.nsuperior.com or contact:


Thomas F. Morris, President and CEO
Northern Superior Resources Inc.
Tel: (705) 525 ‐0992











Northern Superior Resources
1351 Kelly Lake Road, Unit 7

Sudbury, ON, Canada P3E 5P5
T: (705) 525-0992 F: (705) 525- 7701



Neskantaga First Nation
PO Box 105

Lansdowne House, ON, Canada POT 1Z0
T: (807) 479-2570 F: (807) 479- 1138


 

Forward Looking Statement:


Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.


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.


SOURCE: Northern Superior Resources Inc.


View source version on accesswire.com:
https://www.accesswire.com/567199/Northern-Superior-and-Neskantaga-First-Nation-Extend-Early-Exploration-Benefits-Agreement-TPK-Gold--Silver--Copper-Property-Northwestern-Ontario

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8020 Admin

1 day ago

8020 Admin posted a press release Great Bear Augments Management Team in MI3 FINANCIAL COMMUNICATIONS INC.


VANCOUVER, Nov. 19, 2019 /CNW/ - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported the appointment of Mr. Calum Morrison to the position of Vice President, Corporate Development.



Great Bear Resources Ltd. (CNW Group/Great Bear Resources Ltd.)



Mr. Morrison has over 15 years of experience in the mining industry, having worked both in corporate development and investment banking roles.  Mr. Morrison has managed and led negotiations on numerous transactions with aggregate value in excess $5 billion; including acquisitions, divestments, joint ventures, and other strategic initiatives.   Most recently Mr. Morrison was a senior member of Teck Resources Limited's Corporate Development team that oversaw the origination, negotiation, and execution of numerous transactions.


Mr. Morrison is a Chartered Financial Analyst (CFA) Charter Holder, a Chartered Professional Accountant (CPA, CA), and holds a Bachelor of Environmental Science honours degree from Dalhousie university.


Chris Taylor, President and CEO of Great Bear said, "Over eighty percent of our district-scale Dixie property has yet to be explored, and Great Bear will remain focused on building upon its track record of exploration success through 2020 and 2021.  However, even at this early stage, interest in our discoveries has been very strong.  We are very pleased to welcome Calum to our executive team as we are confident he will help us maximize shareholder benefit through the growth of strong relationships within our industry, as the Company continues to advance the Dixie property."


The Company also reports it has granted an aggregate of 125,000 stock options to an employee of the Company, exercisable at $6.57 per share for a period of five years.  Fifty percent of the options vest after an initial four month hold period, while the remaining fifty percent vest on November 18, 2020.


The Board of Directors has also resolved to make the warrants from the September 2018 financing which are exercisable at $1.75 and expire on September 11, 2020, transferrable.  All other terms remain the same. If any of these warrant holders wish to transfer their warrants, please contact the Company's Corporate Secretary, Jeff Dare at: jdare@corexmanagement.com.


About Great Bear


Great Bear Resources Ltd. (TSX-V: GBR) is a well-financed company based in Vancouver, Canada, managed by a team with a track record of success in the mineral exploration sector. Great Bear holds a 100% interest in its flagship Dixie property, which is road accessible year-round via Highway 105, a 15-minute drive from downtown Red Lake, Ontario.  The Red Lake mining district is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Newmont Goldcorp Corp., plus modern infrastructure and a skilled workforce.  Production from the Red Lake district does not necessarily reflect the mineralization that may, or may not be, hosted on the Company's Dixie property.


The Dixie property hosts different styles of gold mineralization.  High-grade gold-bearing quartz veins and silica-sulphide replacement zones hosted by mafic volcanic rocks, and localized near regional-scale D2 folds, occur at the Dixie Limb and Hinge Zones.  These mineralization styles are also typical of the significant mined deposits of the Red Lake district.


The LP Fault is large a trans-crustal deformation zone that is interpreted to traverse the Dixie property for approximately 20 kilometres of strike length and has been drilled along 4.0 kilometres of strike length to-date.  It hosts high-grade gold mineralization that is controlled by structural and geological contacts, and low to moderate grade disseminated gold that surrounds and flanks the high-grade intervals.  The dominant gold-hosting stratigraphy consists of felsic sediments and volcanic units.


In addition, Great Bear is also earning a 100% royalty-free interest in the Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology.  All of Great Bear's Red Lake projects are accessible year-round through existing roads.


Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.


For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.


ON BEHALF OF THE BOARD


"Chris Taylor"                                  


Chris Taylor, President and CEO


Inquiries:
Tel: 604-646-8354
Fax: 604-646-4526
info@greatbearresources.ca
www.greatbearresources.ca


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 new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.


We seek safe harbor


View original content to download multimedia:http://www.prnewswire.com/news-releases/great-bear-augments-management-team-300960672.html


SOURCE Great Bear Resources Ltd.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2019/19/c9502.html

Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360C

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8020 Admin

5 days ago

8020 Admin posted a press release Indiva Announces Proposed Amendment and Repricing of Outstanding Warrants & Update on Corporate Secretary in MI3 FINANCIAL COMMUNICATIONS INC.


/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/


LONDON, ON, Nov. 15, 2019 /CNW/ - Indiva Limited (the "Company" or "Indiva") (TSXV:NDVA) (OTCQX:NDVAF) is announcing that it is applying to the TSX Venture Exchange (the "Exchange") for approval to amend the terms of an aggregate of 9,429,896 outstanding common share purchase warrants (the "Warrants") issued in connection with the Company's "reverse takeover" transaction, which was completed on December 15, 2017.



Indiva Limited (CNW Group/Indiva Limited)



The Warrants are exercisable into common shares in the capital of the Company at an exercise price of $0.90 per common share and are set to expire on December 13, 2019. Under the proposed amendment to the Warrants (the "Proposed Amendment"), the Company will reduce the exercise price of the Warrants from $0.90 to $0.75 and extend the expiry date of the Warrants from December 13, 2019 to December 13, 2020.


The Proposed Amendment is subject to Exchange approval.


Update on Corporate Secretary


The Company is also pleased to announce and confirm that Ms. Jennifer Welsh, Indiva's Chief Financial Officer, is serving as Corporate Secretary of the Company. This became effective when the previous Corporate Secretary resigned.


ABOUT INDIVA
Indiva's family of cannabis brands set the standard for quality and innovation. Indiva aims to bring its exceptional portfolio of products to Canadians and cannabis enthusiasts around the world as laws permit. Indiva's production facility, based in London, Ontario, includes a craft grow operation and an extraction and manufacturing space, which can process 70 tonnes of biomass annually and produce safe, high-quality, cannabis-infused edibles. In Canada, Indiva will produce and distribute Ruby® Cannabis Sugar, Sapphire™ Cannabis Salt and Ruby® Gems, as well as the award-winning Bhang® Chocolate, and other derivative products through licence agreements and joint ventures. Click here to connect with Indiva on social media and here to find more information on the Company and its products.


DISCLAIMER AND READER ADVISORY
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the Company or the Proposed Amendment and has neither approved nor disapproved the contents of this press release. 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.


Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties' current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the Company's future operations, future product offerings and entry into additional markets, changes to laws and regulations in Canada and internationally, and compliance with applicable regulations. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the parties. The material factors and assumptions include the parties being able to obtain the necessary regulatory and other third parties' approvals and licensing and other risks associated with regulated entities in the cannabis industry. The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward looking information. The foregoing statements expressly qualify any forward-looking information contained herein.


This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.


SOURCE Indiva Limited


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2019/15/c7349.html



MEDIA CONTACT: Kate Abernathy, Vice President of Communications, Phone: 613-296-5764, Email: kabernathy@Indiva.com ; INVESTOR CONTACT: Steve Low, Investor Relations, Phone: 647-620-5101, Email: slow@Indiva.com 

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8020 Admin

5 days ago

8020 Admin posted a press release H2O Innovation Announces Completion of the Acquisition of Genesys in MI3 FINANCIAL COMMUNICATIONS INC.


NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES. 

All amounts are in Canadian dollars unless otherwise stated.

QUÉBEC CITY, Nov. 15, 2019 (GLOBE NEWSWIRE) -- (TSXV: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is pleased to report the completion of the previously announced acquisition, on October 28, 2019, of Genesys Holdings Limited, Genesys Manufacturing Limited, Genesys International Limited and Genesys North America, LLC (collectively “Genesys”), a UK privately-owned group of companies specializing in the development and manufacturing of specialty chemicals dedicated to water treatment, at a purchase price of £16.95 M ($28.39 M).


Genesys develops, manufactures and distributes speciality reverse osmosis (RO) membrane chemicals, antiscalants, cleaners, flocculants and biocides, and offers, through a large distribution network of 70 distributors, a portfolio of over 35 diversified products with unique formulation that are manufactured in its facility located in Cheshire, UK. In addition, Genesys also offers complete laboratory services such as feed water and pre-treatment tests, membrane autopsies and cleaning program design.


This transaction will help strengthen H2O Innovation’s specialty chemicals business line in many ways. First, it will enable the Corporation to build a strong portfolio of products by combining the strengths of both the phosphonate technology and dendrimer chemistry. This extended and diversified product offering should enable H2O Innovation to cover a wider range of applications related to membrane filtration, and thus, improve its specialty chemicals’ sales. Furthermore, the combination of Genesys and PWT sales distribution networks will allow to build one of the largest distribution platforms for specialty chemicals, including 100 distributors active in more than 70 countries. Finally, since PWT is already manufacturing its products in California (USA) while Genesys is blending theirs in Cheshire (UK), the merger of the two companies will allow the Corporation to optimize its manufacturing strategy in order to lower freight costs for our customers and reduce delivery time.


“Through our innovative product line and first-class service, Genesys has become a leading name in the membrane market. All our branded formulations have been developed in-house and are produced at our UK factory in Cheshire. Although Genesys is highly profitable and has grown strongly over the years, we realize that the next stage in growth can only be achieved in combination with a larger organization”, said Ted Darton, President and Co-founder of Genesys.


“Whilst there was a significant level of interest in our business, we chose H2O Innovation as it became apparent, they were the perfect partner and ultimately represented the right home for our business and more importantly our employees. H2O Innovation will maintain the family feel that Genesys has developed by looking after its staff and distributors. As there are significant areas of synergy for both companies, we fully endorse the acquisition knowing it will be highly beneficial to all those involved”, added Ursula Annunziata, Director and Co-founder of Genesys.


The purchase price was established at £16.95 M ($28.39 M), on a cash-free, debt-free basis fully payable at closing of the acquisition. Genesys’ acquisition has been financed through committed credit facility as well as proceeds from an equity offering for gross proceeds of $22 M, including an overnight marketed public offering of subscription receipts for anticipated gross proceeds of $14 M as well as a concurrent brokered private placement of subscription receipts with BDC Capital Inc., Caisse de dépôt et placement du Québec and Investissement Québec for aggregate proceeds of $8 M. The acquisition will also be financed by such amount needed to be drawn on the term loan made available in an amount of $12 M.


Prospective disclosures


Certain statements set forth in this press release regarding the operations and the activities of H2O Innovation as well as other communications by the Corporation to the public that describe more generally management objectives, projections, estimates, expectations or forecasts may constitute forward-looking statements within the meaning of securities legislation. Forward-looking statements concern analysis and other information based on forecast future results and the estimate of amounts that cannot yet be determined. Forward-looking statements include the use of the words such as “anticipate”, “if”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “potential”, “predict”, “project”, “should” or “will” and other similar terms as well as those usually used in the future and the conditional. Those forward-looking statements involve a number of risks and uncertainties, which may result in actual and future results of the Corporation to be materially different than those indicated. Information about the risk factors to which the Corporation is exposed is provided in the Annual Information Form dated September 24, 2019 available on SEDAR (www.sedar.com). Unless required to do so pursuant to applicable securities legislation, H2O Innovation assumes no obligation to update or revise forward-looking statements contained in this press release or in other communications as a result of new information, future events and other changes.


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 and wastewater projects and services; ii) specialty products, which include a complete line of maple equipment and products, specialty chemicals, consumables and specialized products for the water treatment industry; and iii) operation and maintenance services for water and wastewater treatment systems and utilities. For more information, visit www.h2oinnovation.com.


Neither 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.


Source:


H2O Innovation Inc.
www.h2oinnovation.com


Contact:


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


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