Agoracom Blog

AGORACOM Small Cap Stock TV “Best Of The Best” Stock Picks – October 29, 2014

Posted by AGORACOM at 7:24 PM on Wednesday, October 29th, 2014

AGORACOM Founder, George Tsiolis and Chief Market Commentator, Allan Barry Go Via Satellite to discuss and debate Allan’s Best picks this week. Companies Included on this week’s show are:

BoB 102914

WHY IS JULY 11, 2013 SO IMPORTANT?

Allan and George have already put their viewers well ahead of the game by starting their weekly broadcasts on July 11, 2013 on the thesis that great small-cap companies were so oversold they could not be ignored. One look at the TSX Venture Index proves they hit the nail on the head … but that doesn’t come close to telling the whole story with most of their picks far outperforming an index bloated with zombie companies.

Find out which companies Allan and George like this week by watching the video below!

Want to catch up on previous shows?

Weekly “Best Of The Best” Summarizing The Best Picks From Our Daily Shows. Posted Every Friday Afternoon Watch Here

THIS WEEK’S SHOW SPONSORED BY THE FOLLOWING GREAT SMALL CAP COMPANY:

El Nino Receives DRC Supreme Court Approval for All Arbitration Awards To be Applied in the DRC Against GCP Group

Posted by AGORACOM at 1:13 PM on Monday, October 27th, 2014

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 27, 2014) - El Niño Ventures Inc. (“ELN”) (TSX VENTURE:ELN)(PINKSHEETS:ELNOF)(FRANKFURT:E7Q), is pleased to report that the Supreme Court in Lubumbashi, Democratic Republic of the Congo has approved the Company’s application (Exequatur) to have all of the awards and conditions received from the International Commercial Arbitration held in British Columbia applied in the Democratic Republic of the Congo (DRC). Following the Company’s successful outcome in the International Arbitration held in Vancouver, British Columbia, El Nino pursued having the awards in Arbitration applied in the DRC. This process required a concerted and coordinated effort on the part of ELN’s management and its legal counsel in both Canada and the DRC to file the Exequatur application, along with a comprehensive list of supporting documents. These documents included the key components of the Arbitration rulings and the awards rendered in El Nino’s favour. The Company is now taking steps to implement and enforce the following awards against GCP Group;

  •  A declaration was made that Exploration permits No. 5214 (Kasala), 5215, 5216 and 5217 are the property of Infinity Resources Sprl, not GCP’s.
  • GCP must pay ELN damages in the amount of US$101,850.32, ELN may set off against the US$100,000 final installment owing under the Joint Venture Agreement and Option Agreement to complete the earn-in for El Nino’s 70% Interest in the Kasala Permits.
  • GCP must pay additional costs to El Nino Ventures in the amount of CDN$431,532. Post-award interest is payable on all costs awarded including the net amount of USD$1,850.32 for damages as well as CDN$431,532 for arbitration costs, at a rate of 5% per annum compounded annually from March 21, 2014 until paid.
  • GCP must transfer 20% of the infinity shares to Mr. Hassan Sabra. For the sake of clarity, GCP must transfer to Mr. Sabra two thirds of the 30% of the shares in Infinity that it has held for Mr. Sabra. (Infinity Resources Sprl – 70% ELN/20% H. Sabra/10% GCP)
  • A declaration was made that George Kavvadias and Global Consulting Group Ltd. (GCP) have no right to participate in the activities of Infinity Resources beyond the rights as a minority 10% shareholder.
  • Global Consulting Group Ltd. (GCP) must return all assets of Infinity Resources Sprl to the control of El Nino Ventures including but not limited to all mining permits and site, vehicles, equipment, drill core and data. GCP must act reasonably to ensure a smooth transition and transfer of the Infinity assets to ELN who is the major shareholder and operator of the joint venture company, Infinity Resources Sprl.

The Company will now begin the process of re-establishing control over its corporate affairs in the DRC. The Company is taking the necessary steps within its Joint Venture Company, Infinity Resources Sprl so that it can implement the changes needed to do so.

Harry Barr, CEO, stated, “It has been a long drawn out process, but we were not prepared to allow the assets of the Company be taken by fraudulent means and deprive our shareholders of the potential value that we believe the Kasala permits hold. The combination of winning the Arbitration in British Columbia and having the courts in the DRC approve ELN’s awards and having them applied in the DRC is a decisive victory against George Kavvadias and GCP Group in their efforts to have the Kasala permits fraudulently transferred into their company. For the first time since 2009 we are now in a position to begin demonstrating control over our Joint Venture interests and corporate affairs in the DRC. We look forward to advancing the Kasala project and bringing value to our shareholders.”

Further to the Company’s news release dated October 9, 2014, the Company has retained Paul Searle to provide investor relations services to the Company on a part time month to month basis for a fee of up to $4,000 per month.

The International Metals Group (including Next Gen Metals Inc., El Nino Ventures Inc., Pacific North West Capital Corp. and Southern Sun Minerals Inc.) (the “IMG Group”) has retained the services of Greenchair Solutions Ltd. (“Greenchair”) to provide digital social media services to the IMG Group.

In exchange for the services of Greenchair, during the first three months, El Nino has agreed to issue 214,285 shares of the Company at a deemed value of $0.07 subject to regulatory acceptance. All shares issued will be subject to a four month and a day holding period from the date of issuance.

On Behalf of the Board of Directors,

Harry Barr, Chairman & CEO

El Niño Ventures Inc.

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. This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

El Nino Ventures Inc.
650-555 West 12th Avenue, City Square, West Tower
Vancouver, B.C., Canada, V5Z 3X7
+1 604 685 8045
+1 604 685 1870
info@elninoventures.com
www.elninoventures.com

Newnote Financial Corp. Acquires Equity in Major Crypto-Currency Payment Processor Coinpayments Inc.

Posted by AGORACOM at 9:00 AM on Monday, October 27th, 2014

Newnote Financial Corp. Acquires Equity in Major Crypto-Currency Payment Processor Coinpayments Inc.

Vancouver, British Columbia (FSCwire) – Newnote Financial Corp. (the “Company”), (CSE: NEU; OTCQB: NWWTF; FSE: 1W4) is pleased to announce it has purchased an equity position in the crypto-currency payment processor Coinpayments Inc. (“Coinpayments”)

Coinpayments Inc. is a privately held payment processor operating the Coinpayments website, a service similar to Coinbase and Bitpay. Coinbase has raised $25 million in a Series B round led by Andreessen Horowitz in December 2013 while in May 2014 BitPay officially raised $30 million in Series A funding in the largest-ever financing round for a bitcoin company. The round was led by Index Ventures, and included Yahoo founder Jerry Yang’s AME Cloud Ventures, Felicis Ventures, PayPal founder Peter Thiel’s Founders Fund, Horizons Ventures, RRE Ventures, Virgin Galactic’s Sir Richard Branson and TTV Capital.

Coinpayments differs from its competitors in that it accepts over 50 different types of crypto-currency and has grown to become the third largest crypto-currency payment processor and the largest multi-currency payment processor, with over 7500 merchants in 120 different countries,  processing nearly $1,000,000 per month worth of Bitcoin, Litecoin, Dogecoin, Peercoin, Omnicoin, Darkcoin, Maxcoin and dozens of others. In addition to payment processing, the company offers its merchants a listing in the largest Crypto store directory on the web where visitors can purchase thousands of products and services using any supported crypto-currencies.

Coinpayments offers its merchants Point-of-Sale checkout in 24 languages with support for 21 shopping cart plugins enabling merchants to easily integrate crypto payments within minutes.  Popular supported shopping carts include OpenCart, osCommerce, Magneto, Zen Cart, WordPress and WooCommerce among others. Coinpayments generates revenue from transaction fees, advertising, and other merchant services. Additionally, Coinpayments provides an innovative currency launch platform that gives new currency developers support in the form of merchant acceptance, blockchain explorer, free coin faucets, and listing in its store directory.

A competitive advantage of Coinpayments is that it offers the largest multi-crypto-currency wallet on the web supporting over 50 different crypto-currencies at no additional cost. Web wallets are convenient and can be accessed from any mobile device or desktop computer. Balances can be applied directly during checkout with any of their merchants.

Revenue, transaction volume and number of registered clients are all expected to more than triple by June of 2015 at the current rate of growth.  Newnote Financial Corp. has paid to Coinpayments Inc., CAD $100,000.00 plus 1.5 million shares priced at $0.15 cents and 600,000 warrants priced up to $1.00. Newnote received 20% equity in Coinpayments.

Paul Dickson, Newnote President and CEO states: “This is a strategic investment for us for a multitude of reasons. Payment processing is clearly the most lucrative area of crypto-currencies and our primary focus.  Our proprietary crypto-currency exchange platform will enable merchants to liquidate crypto-currencies for cash and then transfer funds to their accounts through our previously announced partner Net-Cents.”

Coinpayments Inc. Chairman and CEO Alex Alexandrov says: “We are constantly looking for innovative ways to improve the services we offer our merchant customers. This deal with Newnote is in the best interests of our customers and the emerging peer-to-peer payment marketplace as a whole. Credit for this deal and our many advancements to date goes to a great Coinpayments team, which I am delighted to say, includes the original Coinpayments.net founders.”

Mr. Alexandrov will be joining Newnote as a technical advisor.

About Newnote Financial Corp.

Newnote Financial Corp. is pioneering innovative crypto-currency and Bitcoin related software products and services geared at the growing business segment of this bourgeoning market. Newnote has positioned itself to be a leading contender in delivering opportunities to startup businesses world-wide and continues to create new opportunities for its clients and its shareholders. Newnote has a clear vision on the direction in which this new and unique business is headed and is continually adjusting and adopting new business practices in both technology and the policies & procedures required by banks and securities regulators.

 

About Coinpayments Inc.

Coinpayments Inc. is the first and largest multi-crypto-currency payment processor servicing over 7500 merchants in more than 120 countries. It has grown by word-of-mouth by establishing a reputation of integrity and excellence. Coinpayments manages the largest Crypto-currency Store Directory and its merchant customers enjoy the only web wallet with support for 50 cryptocurrencies including Bitcoin, Litecoin, Dogecoin, Peercoin, Omnicoin, Darkcoin, Maxcoin and dozens of others. Coinpayments has been an active supporter of several important charities accepting cryptocurrencies.

 

Contact: Alex Alexandrov, Chairman & CEO

Coinpayments Inc.

Vancouver, BC

Alexander@Coinpayments.net

toll free: 1-844-PAY-COIN  (1-844-729-2646)

web: www.coinpayments.net

Newnote Financial Contact Information

Paul Dickson

President, CEO & Director

Newnote Financial Corp.

CSE: NEU; OTCQB: NWWTF; FSE: 1W4

Suite 709-700 West Pender Street

Vancouver, BC V6C 1G8

direct: 604-229-0480

fax: 604-685-3833

web: www.newnote.com

 

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Newnote Financial Corp. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

Forecasts of growth in Coinpayment’s revenue, transaction volume and number of registered clients is subject to external influences such as Bitcoin and Cryptocurrency adoption, competition from other established players, economic conditions.  Its forecast growth rate is also subject to, among other things, management being able to maintain the growth rate and to obtain financing to handle the increased demand.

The CSE has not reviewed, approved or disapproved the content of this press release.

CLIENT FEATURE: Virtutone (VFX: TSX-V) Generates $11.4M in Revenues for August

Posted by AGORACOM-JC at 12:23 PM on Friday, October 24th, 2014

FINANCIAL HIGHLIGHTS

  • Company has generated approximately $11.4 million in revenue for the month of August.
  • $48.8M in Revenues for the Year Ended Jan 31, 2014
  • Revenue from continuing operations was $48,823,653
  • Gross profit increased to $1,562,478

WHY VIRTUTONE NETWORKS?

  • Company has purchased five key underlying customers of its largest customer. Adding these key customers will ensure that no one customer represents more than 25% of the Company’s total revenue

  • Recently launched a new Wholesale SMS Division to compliment its current wholesale long distance business
  • Opportunity to be a niche player in the wholesale SMS/MMS hubbing business

RECOGNITION

  • Ranked #1 fastest growing ICT company in Canada 2012
  • “Next 50 ICT Companies” in Canada Branham 2013

At Virtutone the signal is clear.

VoIP Origination

Virtutone Networks provides wholesale origination services from one of the largest footprints in North America. Virtutone also provides international origination services from 73 different countries, with new countries being added weekly. View Origination Services

SIP Trunking

By creating virtual phone lines and linking your various office locations, this innovative solution allows your business to replace costly ISDN PRIs and traditional lines with a simplified infrastructure that can reduce your costs. View SIP Trunking Services

VoIP Termination

Virtutone Networks provides wholesale termination services to telephone companies, VoIP carriers, call centres, satellite service providers, teleports, cable television networks, cellular carriers and managed IT service providers. View Termination Services

Our Network

Virtutone’s business class VoIP Network is designed to provide high performance and scalability at a low unit cost. Virtutone’s VoIP and FoIP network includes POP’s in Canada, United States, Australia and the United Kingdom. View Our Network

Virtutone Networks Featured on Episode 22 of the Next Biggest Winner TV Show

Virtutone Featured On BNN Market Call

TRADING ALERT (NPWZ: OTCQB) Up 25.27% on 267K Shares Traded

Posted by AGORACOM-JC at 11:54 AM on Friday, October 24th, 2014

TRADING ALERT!!!

Last: $0.0114 Up: $0.0023

Percent: 25.27% Volume: 267K

———————–

Recent News…

Neah Power Partners With Silent Falcon to Integrate Fuel Cells Into Unmanned Aerial Vehicles (UAV)

$50M+ into Neah Power Systems

  • Intel Corporation, Novellus Systems, Four Tier 1 VCs, US Navy, NIST/ATP
  • Superior, differentiated, award winning technology (Popular Science, WTIA, MIT)
  • 12 patents + pending applications, trade secrets, know-how
  • Begun shipping BuzzBar Suite of products on August 29th, 2014, and has completed CE certification. Neah had previously completed FCC certification. Additionally, Neah had launched a website dedicated to the BuzzBar Suite: www.buzzbarsuite.com.

Neah working with leading defense, commercial and consumer companies

  • Partnering with Silent Falcon™ UAS Technologies to integrate the formic acid reformer (Formira™) based fuel cell technology into the Silent Falcon UAV (Read Release)
  • PO from large defense supplier
  • Commercial proposals into commercial aviation, consumer company, telecom company and others
  • Buzzbar targeted at consumer oriented products
  • Company has completed a fuel cell technology asset acquisition that bolsters its current product line up, and opens up new market opportunities in the renewable energy sector

INTERVIEW: Uragold Discusses Merits of Recent Acquisition from Fancamp

Posted by AGORACOM-JC at 8:44 AM on Friday, October 24th, 2014

UBR: TSX-V

Welcome to Beyond The Press Release a production of AGORACOM in which we take the time to talk to small cap ceo’s and executives about their recent press releases. Bernard Tourillon, Chairman, CEO and Director of Uragold discusses the Conditional Approval from the TSX Venture Regarding the Acquisition of 32 Claims from Fancamp.

Hub On AGORACOM / Corporate Profile / Watch Interview Now!

VOLUME ALERT – Stria Lithium (SRA: TSX-V) 101K Shares Traded, 9X Average Daily Vol.

Posted by AGORACOM-JC at 11:35 AM on Thursday, October 23rd, 2014

VOLUME ALERT!!!

SRA: TSX:V

Last: $0.15 Up $0.01

Percentage: 7.14% Vol. 101.5K Shares Traded (9X Average)

Stria Lithium Discusses Revolutionary Lithium Extraction Method

The company is aiming to become one of the lowest cost producers in the world for battery-grade technology lithium through partnerships, licensing and joint ventures  which are critical for high-technology green energy industries such as consumer electronics, energy storage and military.

Hub On AGORACOM / Corporate Website / Watch Interview Now!

Supreme Announces Financing

Posted by AGORACOM-JC at 4:06 PM on Wednesday, October 22nd, 2014

VANCOUVER, BRITISH COLUMBIA–(Oct. 22, 2014) - NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.

Supreme Pharmaceuticals Inc. (“Supreme” or the “Company“) (CSE:SL) is pleased to announce that it is undertaking a non-brokered private placement of up to 3,125,000 units in the capital of the Corporation (“Units“) at a price of $0.32 per Unit for aggregate gross proceeds of up to $1.0 million (the “Offering“). Each Unit will consist of one common share in the capital of the Company (“Common Share“) and one-half of one Common Share purchase warrant (a “Warrant“), with each whole Warrant entitling the holder to purchase one additional Common Share for $0.50 for a period of 24 months from issuance of the Units. Each Warrant will be subject to an accelerated expiry period upon 30-days notice by the Corporation to the subscriber if the Common Shares trade at or above $0.70 for any five (5) day period during the term of the Warrants. The Company may pay commissions to brokers who assist in completion of the private placement in accordance with applicable law and the policies of the Canadian Securities Exchange. The proceeds from the Offering shall be used to fund the continuing development of the Company’s Kincardine facility and general working capital purposes.

The Company is offering the Units to existing holders of Common Shares (“Existing Shareholders“) in addition to subscribers (the “Subscribers“) who are Accredited Investors (as the term is defined in the Securities Act (Alberta) or other legislation applicable in the jurisdiction in which such Subscribers resides), on a prospectus exempt private placement basis for the purpose stated herein. Any Existing Shareholder of Supreme as at October 21, 2014 will be eligible to purchase Units pursuant to the recently adopted “existing security holder” prospectus exemption in all Canadian jurisdictions other than Ontario and Newfoundland. Under the new regulation, there is no longer a need for an Existing Shareholder to qualify under the “accredited investor” exemption in order to participate in the Offering, however Existing Shareholders who do not receive advice regarding the suitability of their investment from a registered investment dealer in the jurisdiction of their residence may not purchase more than $15,000 of securities under this exemption in any 12 month period.

In the event there is an over subscription of Units, the Company reserves the right to either reject subscriptions at its discretion, allocate on a pro rata basis or increase the size of the Offering. It is anticipated that the Offering will be open until November 17, 2014. Common Shares and Warrants issued pursuant to the Offering will be subject to a hold period expiring four months from the date of issue.

This press release is not an offer of the Units, or the underlying Common Shares and Warrants, for sale in the United States. The Units may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended, or an exemption from such registration. The Company has not registered and will not register the Common Shares and Warrants underlying the Units under the U.S. Securities Act of 1933, as amended. The Company does not intend to engage in a public offering of Units in the United States.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

FORWARD-LOOKING INFORMATION

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. More particularly and without limitation, this news release contains forward‐looking statements and information relating to the use of proceeds of the Offering, as well as the Company’s corporate strategy. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Corporation, including, without limitation, the Company’s ability to carry out its business plan following the issuance of the required licenses by Health Canada. Although management of the Corporation believes that the expectations and assumptions on which such forward looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Corporation relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the Company’s ability to identify and complete additional suitable acquisitions to further the Company’s growth as well as risks associated with the medical marijuana industry in general such as operational risks in development and production delays or changes in plans with respect to development projects or capital expenditures; the uncertainty of the capital markets; the uncertainty of receiving the required licenses, production, costs and expenses; health, safety and environmental risks; marketing and transportation; loss of markets; environmental risks; competition; incorrect assessment of the value of the potential market; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and related regulations. Accordingly, readers should not place undue reliance on the forward‐looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.

The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the Canadian Securities Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

Supreme Pharmaceuticals Inc.
Investor Relations
(604) 674-2191
info@supreme.ca
www.supreme.ca

Start your small cap medical marijuana research in the AGORACOM Small Cap 
Medical Marijuana Stocks Gateway: 
http://agoracom.com/portal/Small%20Cap%20Medical%20Marijuana%20Stocks

Liberty Star Updates Financing & News on the Hay Mountain Project for Porphyry Copper, Gold, Moly and Other Metals

Posted by AGORACOM-JC at 12:50 PM on Wednesday, October 22nd, 2014

TUCSON, Ariz.–Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) is providing an update on its plans to finance the Phase 1 exploration drilling program on its premier property, the Hay Mountain Project, for porphyry copper, gold, moly and other metals in Cochise County, southeast Arizona. The Phase 1 financing requires an expenditure of USD $6.5 million to drill up to 50 vertical “mother” holes (to a depth of up to 5,000 feet) and up to eight “daughter” holes per mother hole, depending on what is encountered (News Release 189). Another 31 holes on our Federal lode mining claims adjacent to the Arizona State Mineral Exploration Permits (MEPs) have subsequently been located, bringing the total number of planned, pre-positioned, permitted holes on the grid to 81. The Company is pursuing permitting on the entire grid simultaneously, allowing movement to almost any location within the geochemical, geophysical and geologic anomalies, depending on results of surrounding holes, as soon as that may be indicated by results of the previously drilled holes. The Company may not drill all 81 holes during Phase 1, but permitting the entire grid at once is more efficient in terms of time and costs given the lengthy permitting timeline under state and federal regulation. This would allow immediate continuation of Phase 2 drilling, with no time lag.

Phase 2 drilling could continue for up to an additional three or more years with multiple drills. Discovery of thin exposures of silicified and carbonate veined rock suggests that mineralization could be located at less depth than was previously suggested by old geologic maps. This, combined with the geochemistry and ZTEM geophysics, suggests a shallower top of the mineral zone and mineralization going to significant depth. In Phase 2 and beyond, planning could be for an open pit and a continuous deep underground skarn (altered limestone) mineral body.

The financing proposal is offered to foreign and domestic entities that have or might express an interest in the project as a joint venture (JV) arrangement:

1. The JV would be between partner and The Hay Mountain Project owned by Liberty Star, and would be managed by Liberty Star.

2. Partner would provide capital of $6.5 million for the Phase 1 drilling program and have an option to contribute $65 million for the second phase of drilling. Investors would also have the right of first refusal to contribute addition funds for the final permitting, design, construction and development of a mine(s) at Hay Mountain.

3. Liberty Star is not contemplating an arrangement exchanging stock to capitalize Phase 1 exploration drilling or subsequently Phase 2, and later phases for permitting, design and construction, which would be dilutive, but instead a Joint Venture, as is common in the industry.

The Company has received and anticipates receiving additional Non-Disclosure Agreements (NDAs) from potential funders introduced by naseba/Naru Capital and other entities, foreign and domestic. These NDAs allow Liberty Star to disclose confidential scientific data to potential funders as part of the potential funders’ due diligence programs.

States Liberty Star’s CEO/Chief Geologist James A. Briscoe: “The value of the Hay Mountain Project may be greatly enhanced with the discovery of factors that may indicate mineralization near the surface, in addition to a continuation of a skarn mineral body to great depth, which would be mined by underground methods. We have completed surface studies, and have scheduled due diligence visits to the site. We have received word from the Arizona State Land Department (ASLD) that our Plan of Operation with archaeology survey should be completed in one to three months, entirely dependent on their schedule. In effect, we are ready to get the diamond core drilling started. While I wish the process of financing Phase 1 drilling at Hay Mountain would quicken its pace, I am confident that the scientific data and the attractive JV proposal we have put forth will net us a suitable partner in due course.”

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

View Liberty Star’s “Introduction to Hay Mountain Presentation

Forward-Looking Statements

Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include all our planned drilling program and our planned route to access partners or funding sources. Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our proposals to be accepted; we may not attract any partners or funding sources; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; and we may encounter an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Even if we find a partner, we may not be able to reach agreement or carry out the development program as contemplated. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Company’s recent 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.

Contacts

Agoracom Investor Relations
lbsr@agoracom.com
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
info@LibertyStarUranium.com
Follow Liberty Star Uranium & Metals Corp. on Facebook , LinkedIn & Twitter@LibertyStarLBSR

Uragold Receives Conditional Approval from the TSX Venture Regarding the Acquisition of 32 Claims from Fancamp

Posted by AGORACOM-JC at 9:52 AM on Wednesday, October 22nd, 2014

Uragold Receives Conditional Approval from the TSX Venture Regarding the Acquisition of 32 Claims from Fancamp

Montreal, Quebec / October 22 2014 / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that it has received conditional approval from the TSX-Venture to go forward with the acquisition of 32 claims encircling Uragold’s Beauce Placer Gold Project located in the municipality of Saint-Simon-les-Mines in the Beauce region of southern Quebec held by Fancamp Exploration Ltd. (“Fancamp”) (TSX Venture: FNC).

Subject to Uragold submitting and/or filling the following documentation, the Uragold and Fancamp transaction will be allowed to close:

  1. 1.The Corporation must submit a National Instrument (“NI”) compliant technical report, that must include the work program proposed by the Qualified Person to be done during first 12 months on the 32 new claims to be acquired;
  2. 2.The Corporation must submit a financial plan or any other appropriate documentation that will demonstrate it has the financial capacity to meet any financial obligations emanating from this agreement during the first six months of the closing of the transaction and fund the phase one work suggested by the QP on the 32 new claims to acquired.
  3. 3.The Corporation must submit copies of all the pertinent executed agreements between the parties;
  4. 4.Since Fancamp will become an insider of the Corporation at the closing, the Corporation must submit the required Personal Information Form to the exchange; and
  5. 5.The Corporation will have to issue a follow-up press release once the transaction actually closes.

The Corporation does not envisage any problems completing these requirements in a timely basis, especially since, technically speaking, the Fancamp transaction only represents the acquisitions of the seventy four percent (74%) extension of the Beauce Paleoplacer not presently held by Uragold.

Therefore, instead of preparing a new technical report for the 32 claims acquired, the Corporation will simply take advantage of the situation, to up-date its previous Technical Report and include in the report all the information available over the full 6.5 km long paleoplacer gold channel. Furthermore, since the completion of the previous report, the Uragold technical team has done a lot of geological modelling work, using all the historical information available; this information will also be included in the report.

Regarding the financial requirements, since the Corporation intends to concentrate its work during the next twelve (12) to twenty four (24) months on its original 5 claims blocks, the actual financial obligations emanating from the new acquisition will be minimum.

Patrick Levasseur, President and COO of Uragold stated that: “The up-dated technical report will allow us to clearly explain why we believe that the acquisition of the 32 Fancamp claims is truly changing the whole dynamics of the Beauce Paleoplacer Gold project.”

Mr. Vivian Stuart-Williams, SACNASPS, working under Special Authorization #290 of the Quebec Order of Geologist, is an Independent Qualified Person as defined by National Instrument 43-101 that supervised the preparation of the information in this news release.

About Uragold Bay Resources Inc.

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up, (Capex < C$10M), that will generate high yield returns (IRR > 50%). Uragold will reach these goals by developing Quebec’s first placer mine in 50 years, the Beauce Placer Project developing and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

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.

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271

www.uragold.com