Agoracom Blog

Xylitol Canada Generates $1.9M in Revenue For 3 Months Ended Mar. 31, 2015

Posted by AGORACOM-JC at 4:53 PM on Thursday, May 28th, 2015

  • $1.9M in Revenue For 3 Months Ended Mar. 31, 2015
  • Q1 numbers were down slightly and is easily attributed to the West Coast port strike that made it difficult to get timely delivery of our Organic Coconut Palm Sugar

TORONTO, ONTARIO–(May 28, 2015) - Xylitol Canada Inc. (“Xylitol Canada“, or the “Company“) (TSX VENTURE:XYL) today announces that it has released its financial and operating results for the three months ended March 31, 2015.

Highlights of the results include:

Commented Andrew Reid CEO of Xylitol Canada: “While our year over year Q1 numbers were down slightly, it is easily attributed to the West Coast port strike that made it difficult for us to get timely delivery of our Organic Coconut Palm Sugar. We were forced to push some deliveries and commitments into Q2, however we don’t expect this strike, which has now been resolved, to have any material impact on our 2015 numbers. On a positive note, the Company deployed its new pricing structure on March 31 to customers throughout North America. This pricing adjustment came as a response to raw material price adjustments, and more so to compensate for the strong US dollar that negatively affected the part of our USA based product business that billed Canadian customers in Canadian dollars.”

The full text of the Company’s interim consolidated financial statements and related management’s discussion and analysis (“MD&A”) can be found at: www.sedar.com.

About Xylitol Canada Inc.

Xylitol Canada markets xylitol and xylitol based-products and is focused on becoming a major low-cost manufacturer of xylitol and related products, serving the global market from operations in North America. Xylitol Canada’s business strategy is to leverage novel proprietary technology and processes to become North America’s premier manufacturer of low cost, high quality xylitol from readily available environmentally-sustainable biomass. Xylitol is a natural sweetener which is marketed globally including Canada and the United States and is accepted by the American Food and Drug Administration, the World Health Organization and the American Dental Association. Xylitol contains 75% less carbohydrates and 40% less calories than sugar, has a myriad of oral health benefits including the prevention of tooth decay and is safe for diabetics. To date, wider spread use of xylitol has been limited by the lack of a reliable, low cost, high quality supplier. For further information about the Company, please contact 1-866-995-9952, or by email atIR@xylitolusa.com.

Neither TSX Venture Exchange Inc. 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.

Contact:

KWG Reports Progress of Claims Hearings

Posted by AGORACOM-JC at 10:59 AM on Thursday, May 28th, 2015

  • Subsidiary Canada Chrome Corporation (“KWG/CCC”) has filed the materials required to perfect its appeal at the Ontario Court of Appeal. A hearing date will be scheduled by the Court’s Registrar
  • Respondent 2274659 Ontario Inc. and the intervenor the Minister of Northern Development and Mines will have until June 29, 2015 to file responding materials if they elect to do so

TORONTO, ONTARIO–(May 28, 2015) - KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6)reports that its subsidiary Canada Chrome Corporation (“KWG/CCC”) has filed the materials required to perfect its appeal at the Ontario Court of Appeal. A hearing date will be scheduled by the Court’s Registrar.

The respondent 2274659 Ontario Inc. and the intervenor the Minister of Northern Development and Mines will have until June 29, 2015 to file responding materials if they elect to do so. 2274659 Ontario Inc. was formerly a subsidiary of Cliffs Natural Resources Inc. (“Cliffs”) and is now wholly-owned by Noront Resources Ltd. (“Noront”).

The Contest with Cliffs for access to the Ring of Fire:

At a hearing before the Mining and Lands Commissioner (“MLC”) in early 2013, Cliffs sought an order to dispense with the consent of KWG/CCC for the granting of an easement for Cliffs to build a road on top of mining claims staked by KWG/CCC along a 340 kilometer corridor of high ground. KWG/CCC had spent some $15 million to explore the claims and assess their profiles and aggregates to provide a means of egress for the Big Daddy chromite deposit in which KWG/CCC has a 30% joint venture interest with Cliffs then holding the 70% interest. The MLC declined to grant the order sought by Cliffs and Cliffs then appealed the MLC decision to the Divisional Court of the Ontario Superior Court.

The MLC decision was overturned by the Divisional Court in a judgment released in July 2014. KWG/CCC sought leave to the Ontario Court of Appeal to appeal the Divisional Court decision and was granted such leave to appeal this past January. The upcoming Court of Appeal hearing will determine whether the Divisional Court erred in finding that KWG/CCC’s consent to an easement over its claims should be dispensed with, as the MLC had decided it should not be dispensed with.

The staking race with Noront:

On June 17th, 2011 KWG/CCC staked mining claims 4256490, 4256491 and 4256492 in the Ring of Fire and then filed its Applications to Record Mining Claims on June 21st and 23rd. The Mining Recorder accepted the KWG claims.

On the same blocks as where KWG/CCC had staked its claims, Noront staked mining claims 4265631, 4265632, 4265633, 4265634, 4265635, 4265636 and 4255731 from June 17th to 19th, 2011. When Noront filed its Applications to Record Mining Claims on June 27th the Mining Recorder accepted them as “filed only” on July 8th and on July 19th Noront filed a dispute against the KWG claims (“Dispute”).

The Dispute was heard by the Mining Recorder on April 24th and 25th, 2014. On June 24th, 2014 the Mining Recorder dismissed the Dispute and confirmed the validity of the KWG claims. Noront filed a Notice of Appeal on July 22nd and KWG filed a Notice of Cross-Appeal on July 24th. The appeal and cross-appeal will be heard by the MLC when a hearing date is assigned following consideration and determination of the content and scope of the appeal. To this end, the MLC has now instructed the parties to schedule a mediation session with the Commission’s Registrar.

Issuance of shares:

KWG will issue 361,600 common shares at $0.025 to RBL Communications Inc. for the second payment under the shares for services contract announced January 21, 2015. All shares issued will have a hold period of four months.

About KWG:

KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired patent interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. The company has determined that the reduction method can be employed to metalize finely ground chromite which may be recovered from slurry delivered to Aroland in an underground pipeline constructed within the Canada Chrome claims.

Shares issued and outstanding: 812,983,718

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com

CLIENT FEATURE: Urban Barns (URBF: OTCQB) Takes Cubic Farming to Drought Stricken California

Posted by AGORACOM-JC at 10:15 AM on Wednesday, May 27th, 2015

What is Cubic Farming?

  • A revolution in Controlled Environment Agriculture (CEA)
  • Propriety, patent-pending, looped conveyer growing system
  • Advanced uniform LED technology
  • Automated watering and nutrients
  • Optimal conditions for crops to transition from seeds to maturity through pre-set germination, growing and harvesting phases.

Why Urban Barns Foods?

  • Unknown story due to no previous IR = best opportunity to get in
  • Tier-1 Customers = Commercial Acceptance
  • 320 square feet = 3 acres of farm production
  • $5M Market Cap = Great Risk/Reward
  • Watch this video clip to see what production looks like
  • Watch this video clip to see what the Executive Chef at Chateau Frontenac has to say

Marquee Customers Include:

Strong Institutional Ownership, 39% Owned By:

Modern Agriculture Needs Green Innovation

urbanscreen2

The Cubic Farming Advantage

  • 100% controlled environment
  • Growing 365 days a year
  • No pesticides, herbicides or fungicides
  • No GMOs
  • Minimal water requirements
  • Superior nutritional values
  • Longer shelf life
  • Consistency

Consumers Demand Clean Food

  • Globally, the BFY (BETTER FOR YOU) food category is projected to grow by 25% to over $199.8 billion in 2015.
  • GMOs, a major concern for North American consumers
  • 72% of consumers say it is important to avoid GMOs when they shop
  • 40% of consumers say they look for non-GMO claims on food
  • Natural & clean foods are increasingly mainstream
  • Not only for higher income, most educated privileged segment. It is becoming a social movement.

Urban Barns Is the Solution

 

Avalon Closes Public Offering for Gross Proceeds of $4 Million

Posted by AGORACOM-JC at 9:31 AM on Wednesday, May 27th, 2015

  • Closed its previously announced public offering of flow-through common shares and units as described in the Company’s news release of April 29, 2015. The Offering has resulted in gross proceeds to the Company of $4.007 million.
  • Company intends to use the gross proceeds from the sale of the Flow-Through Shares for work on three mineral properties: the Nechalacho Rare Earth Elements Project, the East Kemptville Tin-Indium Project and the Separation Rapids Lithium Project and the net proceeds from the sale of the Units for working capital and general corporate purposes

Toronto, Ontario–(May 27, 2015) - Avalon Rare Metals Inc. (TSX: AVL) (NYSE MKT: AVL)(“Avalon” or the “Company“) is pleased to announce that it has closed its previously announced public offering (the “Offering“) of flow-through common shares (the “Flow-Through Shares“) and units (the “Units“) as described in the Company’s news release of April 29, 2015. The Offering has resulted in gross proceeds to the Company of $4.007 million.

The Company issued 6,410,254 Flow-Through Shares priced at $0.39 per Flow-Through Share and 4,431,970 Units priced at $0.34 per Unit. Each Unit consists of one common share (a “UnitShare“) and one-half of one non-transferrable common share purchase warrant (each whole warrant, a “Warrant“). Each Warrant entitles the holder to purchase one common share of the Company at a price of $0.425 per share, until November 27, 2016. Each Flow-Through Share will qualify as a “flow-through share” within the meaning of the Income Tax Act(Canada).

The Company intends to use the gross proceeds from the sale of the Flow-Through Shares for work on three mineral properties: the Nechalacho Rare Earth Elements Project, the East Kemptville Tin-Indium Project and the Separation Rapids Lithium Project and the net proceeds from the sale of the Units for working capital and general corporate purposes.

Secutor Capital Management Corp. (“Secutor“) acted as the agent for the Offering, and was paid a cash fee of $240,412 and was issued 650,533 agent compensation warrants. Each agent compensation warrant is exercisable into one common share of the Company at an exercise price of $0.34 per share until November 27, 2016.

The Offering was made outside of the United States by way of a prospectus supplement dated April 29, 2015 to the Canadian base shelf prospectus dated September 10, 2013. The prospectus supplement relating to the Offering was filed with the applicable provinces and territories in Canada and is available on SEDAR at www.sedar.com. The prospectus supplement forms part of the shelf registration statement filed with the United States Securities and Exchange Commission (the “SEC“), File No. 333-190771, which was declared effective by the SEC on September 12, 2013, and was filed with the SEC pursuant to General Instruction II.L. of Form F-10 under the U.S. Securities Act registering for distribution under the U.S. Securities Act the Unit Shares, Warrants and Flow-Through Shares and is available at the SEC’s website www.sec.gov.

This press release shall not constitute an offer to sell or solicitation of an offer to buy these securities, and these securities may not be offered or sold in any jurisdiction in which their offer or sale would be unlawful.

About Avalon Rare Metals Inc.

Avalon Rare Metals Inc. is a mineral development company focused on rare metal deposits in Canada, with three advanced stage projects. Its 100%-owned Nechalacho Deposit, Thor Lake, NWT is exceptional in its large size and enrichment in the scarce “heavy” rare earth elements, key to enabling advances in clean technology and other growing high-tech applications. Avalon is also advancing its Separation Rapids Lithium Project, Kenora, ON and its East Kemptville Tin-Indium Project, Yarmouth, NS. Social responsibility and environmental stewardship are corporate cornerstones.

For questions and feedback, please e-mail the Company at ir@avalonraremetals.com, or phone Don Bubar, President & CEO at 416-364-4938.

This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements related to how the Company plans to use the proceeds from the Offering and the adequacy of cash available to fund planned activities. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “potential”, “scheduled”, “anticipates”, “continues”, “expects” or “does not expect”, “is expected”, “scheduled”, “targeted”, “planned”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be” or “will not be” taken, reached or result, “will occur” or “be achieved”. 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 Avalon to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. Although Avalon has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to market conditions, and the possibility of cost overruns or unanticipated costs and expenses as well as those risk factors set out in the Company’s current Annual Report, Management’s Discussion and Analysis and other disclosure documents available under the Company’s profile at www.SEDAR.com. 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. Such forward-looking statements have been provided for the purpose of assisting investors in understanding the Company’s plans and objectives and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking statements. Avalon does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws.

Neah Power Provides update on the increasing global demand for remote power

Posted by AGORACOM-JC at 7:18 AM on Wednesday, May 27th, 2015

  • level of interest in NEAH Power’s technologies has never been greater.
  • As the frenzy of venture capital and private equity investing in alternative energy and clean energy companies comes back down to Earth, the focus of the industry is irreversibly shifting to practical, reliable and cost-effective solutions like those of NEAH Power, which can realistically meet current and urgent demands for off-grid power and energy storage in compact, scalable form factors.

Neah introduces proprietary lithium battery technology

BOTHELL, WA – May 27, 2015 – Neah Power Systems, Inc. (OTCBB: NPWZ) (OTC: NPWZ) –

To Our Shareholders:

As a supplement to our latest quarterly filing, I want to provide you with a brief report on the status of our Company operations as well as relate the progress achieved by our management in advancing efforts to commercialize, license and sell NEAH Power’s industry leading technologies and products.

While we continue to develop the many opportunities announced to date, we are also preparing to announce several more initiatives that are expected to contribute significantly to our growth and standing as an emerging leader in fuel cell and battery technologies.

In light of the current stock price, which management believes does not adequately reflect the true value of the Company’s assets, I wish to reassure you that the level of interest in NEAH Power’s technologies has never been greater. As the frenzy of venture capital and private equity investing in alternative energy and clean energy companies comes back down to Earth, the focus of the industry is irreversibly shifting to practical, reliable and cost-effective solutions like those of NEAH Power, which can realistically meet current and urgent demands for off-grid power and energy storage in compact, scalable form factors.

We are extremely pleased to announce that we have been doing research and development on a lithium battery technology that appears to be far superior to any incumbent technologies (the PowerChip® Battery). At an appropriate time in the near future, once the Company has achieved the next round of performance targets, we will be sharing details with our shareholders. Once completed, we believe our Porous Silicon Battery will be a disruptive power storage system for a whole range of applications from consumer goods to automotive applications, as well as for scalable storage solutions for off-peak and back-up power usage.

Now more than ever, power storage and generating technologies, such as batteries, ultra-capacitors and fuel cells are being used to increase efficiency and reliability in transportation, infrastructure, industrial equipment, and portable electronics, with the aim of creating a more sustainable, environmentally responsible, and secure economic future. Furthermore, the global energy industry, governments and other stakeholders have recognized that fuel cell and battery technologies such as ours, offer an attractive option for reliable backup power to the electric grid.

Also in our favor is the growing global demand for reliable remote power, both in developed and emerging markets, where large swaths of land that off-grid are now being incorporated. This demand is even greater in continents such as Africa where nations are facing a real crisis of rapid growth amidst failing or inadequate power grids. Over the next 10 years, emerging nations are anticipated to account for $13.6 billion in new power infrastructure investment as they roll out massive electric grid modernization programs to meet demand.

With the demand for real-time communication, access to the internet, and remote security for developing communities rapidly growing, NEAH Power clearly sees itself as a front-runner , as we have the technologies and products available to best deliver remote power systems, including “community power grids”. With continued success in securing the proper relationships, distribution partners and capital, NEAH Power should ostensibly become one of the leading providers of clean, reliable, and low cost power to remote areas.

Our management with the support of several new consultants and advisors have been focused intently on capitalizing on this increased attention and interest, and expect that the increasingly favorable environment will translate into real economic benefits for our shareholders. Accordingly, over the course of the last six months, NEAH Power’s technologies have attracted new interest and attention from numerous governments, industry partners, companies and other end-users, who have come to recognize that NEAH Power’s smaller, lighter and more powerful solutions represent a practical and reliable path to upgrade power capabilities. In addition, the interest of the investment community in technologies such as ours has never been as intense as it is today.

As to specific applications, we have seen significant interest for our power technologies from manufacturers of unmanned vehicles. This is particularly due to the fact that the unique capabilities and flexible application of our proprietary technologies, makes NEAH Power one of the few, if not the only, fuel cell company that can address any application, whether aerial, land or undersea.

At present we are in discussions with various UAV manufactures that wish to extend flight times and/or increase sensor payload capacity with the higher power concentration of a hybrid fuel cell solution incorporating NEAH Power’s technologies. Importantly, the same product development efforts here can be readily translated to other vehicles, including automotive, maritime and rail applications.

We have also seen a tremendous interest in resellers worldwide who are interested in our high energy density Formira HODTM (Hydrogen-on-Demand) platform to supplement grid, solar and other hybrid energy platforms, as well as a stand-alone system in micro-grid applications. While we are growing our distribution and resale network for Formira HODTM, NEAH Power’s management has also been focused on securing strategic partners which will allow us to deploy and support our products worldwide and enhance our branding. We expect to announce several exciting strategic partnerships soon!

Clearly, there is a lot to be proud of and much to be excited about as NEAH Power advances its growth phase. In spite of the challenging financial environment and the contrarian pressure on our stock, we feel that our power technologies are on the brink of our most significant economic achievements.

Status of the Shorai Acquisition

We previously announced the signing of a definitive agreement to merge with Shorai, Inc., with a targeted completion date of June 15 2015. Shorai is a leading provider of lithium ion-based power sports and starter battery solutions for the consumer motorsport industry. This merger is expected to be immediately accretive with Shorai reporting over $4.0 million (unaudited) revenue for the twelve months ended December 2014 with positive cash flow in 4Q 2014. Further, the acquisition will allow us to realize product, marketing and operational synergies as NEAH Power rolls our products. We are endeavoring to negotiate with investors the best possible deal for our current Company shareholders while we secure the capital necessary to close this acquisition transaction.

PowerChip® Fuel Cell Product Acceptance

We recently announced the successful completion of testing of three PowerChip® units with the Defense Research and Development Organization (DRDO) of the Government of India. These units were manufactured and shipped against an open purchase order. Product testing, qualification and acceptance by a third party (a government owned entity) were completed December 2014. We consider this third party validation an important and key milestone for the Company. As planned, we have proceeded with discussions aimed at completing a licensing agreement with the Government of India, which if secured should result in significant supply contracts, licensing revenue and establish a broad, sustainable market in India and its territories. Completion of the ongoing discussions is pending on certain high level appointments at the DRDO expected in the near future.

Formira HODTM (Hydrogen on Demand)

Our Formira HODTM fuel cell continues to demonstrate best-in-class performance. As stated, we are in discussions with several leading manufacturers of unmanned aerial vehicles (UAVs), remote robotic vehicles, automotive, rail, off-grid power, and medical device companies. The Formira HODTM fuel cell has been proven as a safe, cost-effective and energy dense solution for the production of hydrogen for a variety of applications. It surpasses other sources of energy like compressed hydrogen, the most commonly used method of utilizing hydrogen to generate energy. We are presently designing the Formira HODTM system into UAVs with Silent Falcon, and are targeting a shipment of the first units around the end of June 2015 to our security and defense partner, Tectonica Australia, a leading global defense and security systems integrator. We are very pleased with the reception our Formira HODTM system is receiving from different commercial and consumer companies and expect this to translate to material sales.

BuzzBar Suite Gen 2 & Gen 3

As of date, NEAH Power has shipped all of the orders that we received through the website and our Indiegogo campaign. We also have presented the product to various big box retailers and end users, and have aggregated the feedback from them into BuzzBar Gen 3. Our Gen 3 BuzzBar has received very good feedback. Pending the completion of a satisfactory capital raise and upon completing the Shorai Acquisition, we expect shipping of the Gen 3 BuzzBar to commence later this year. Our objective is to leverage the Shorai brand and marketing prowess to launch the Gen 3 in a most significant way!

We look forward to announcing more exciting news and milestones very soon! As we develop the numerous opportunities at hand, expand our business development efforts going forward, and secure the necessary capital to fully execute our plan, management will continue working hard to accomplish the mission. Our success is only achieved with the tireless work of our employees, the support of our shareholders, the diligent governance of our Board of Directors, and the expert guidance of our Strategic Advisory Board. Thank you for your trust and loyalty.

Best Regards,
Chris D’Couto
President & CEO
Neah Power Systems

Forward Looking Statements

Certain of the statements contained herein may be, within the meaning of the federal securities laws, “forward-looking statements,” which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, and the Company does not undertake any responsibility to update any of these statements in the future. Please read Neah Power System’s Form 10-K for the fiscal year ended September 30, 2014 and its Quarterly Reports on Form 10-Q filed with the SEC during fiscal 2015 for a discussion of such risks, uncertainties and other factors.

For more information please contact the Company at
David Schmidt, CFO
dschmidt@neahpower.com
425-424-3324 ext. 110

UBR Closes Financing to Start Work Program to Evaluate Potential of its High Purity Quartz Deposits

Posted by AGORACOM-JC at 1:47 PM on Tuesday, May 26th, 2015

  • Closed on May 25, 2015 a non-brokered private placement comprised of 5,209,184 Flow-Though Units (“Unit”) at $0.055 per Unit for gross proceeds of $286,505
  • Will be used to finance the implementation of the Corporation’s go forward plan for Q1/Q2 2015 and was predicated by our press release on March 2, 2015 in which we announced “Major Producer Confirms Interest in Purchasing Significant Tonnage of High Purity Quartz From Uragold Quartz Property in Quebec” 

Montreal, Quebec / May 26, 2015 - Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that it has closed on May 25, 2015 a non-brokered private placement comprised of 5,209,184 Flow-Though Units (“Unit”) at $0.055 per Unit for gross proceeds of $286,505. The net proceeds from the Private Placement will be used to finance the implementation of the Corporation’s go forward plan for Q1/Q2 2015 and was predicated by our press release on March 2, 2015 in which we announced “Major Producer Confirms Interest in Purchasing Significant Tonnage of High Purity Quartz From Uragold Quartz Property in Quebec” and our press release on April 13, 2015 in which announced “Uragold subsidiary, Quebec Quartz, signs MOU with Dorfner Anzaplan to evaluate potential of its high purity quartz deposit.”

Each Unit is comprised of one (1) common share and a half (1/2) common share purchase warrant (“Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.10 during a period of 24 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month holding period until September 25, 2015.

The Company paid a cash finder’s fee of $28,150 and issued of 255,909 common shares and 255,909 options to EMD Financial Inc. of Montreal Quebec. Each option will give the right to purchase one (1) common share at 5.5 cents for 24 months.

Patrick Levasseur, President and COO of UBR stated, “We are extremely please that the developments of Quebec Quartz’s high purity quartz projects is attracting investors interest. Our recent announcement regarding interest from a major producer in purchasing significant tonnage of our high purity quartz and our collaboration with Anzaplan are major milestones in our quartz strategy. We will soon be starting field work to the determine the full potential of our industry leading quartz properties.”

Other Private Placement

Uragold is also pleased to announce that it is also in the process of closing a hard cash non-brokered private placement, which is comprised of 3,800,000 units (“Unit”) at $0.05 per Unit for gross proceeds of $190,000. The net proceeds from the Private Placement will be used for general corporate expenditures.

Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.07 during a period of 36 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month holding period from the date of closing of the placement. The hard cash placement is subject to standard regulatory approvals.

About UBR- Quebec Quartz

UBR- Quebec Quartz is the largest holder of distinct High Purity Quartz properties in Quebec. Despite the abundance of quartz, very few deposits are suitable for high purity applications.

Quebec Quart’s objective is to transform its High Purity Quartz into Ultra High Purity Quartz Sands to generate significantly greater profits and become a leading supplier of Ultra High Purity Quartz.

Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.

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 and that could potentially generate high yield returns. Uragold will reach these goals by developing Quebec’s first paleoplacer mine in 50 years, the Beauce Placer Project 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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. 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 the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, U.S. persons (as defined in Regulation S un der the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

For further information contact

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

Tel: (514) 846-3271
www.uragold.com

Urban Barns’ Cubic Farming Seeks to Change the Future of Urban Farming one Head of Lettuce at a Time

Posted by AGORACOM-JC at 7:27 PM on Monday, May 25th, 2015

  • Urban Barns is using a new farming technology dubbed controlled environment agriculture, or CEA
  • No traditional crop rows and no ladders inside an Urban Barns facility, Rather, long metal frames carrying growing trays are suspended in the air, circulating underneath thousands of red, amber, and blue LED lights
  • “I certainly believe this is the way of the future,” says Hough, head of business development and a jack-of-all-trades with Urban Barns

Greg Hough is on his way to the Ritz-Carlton hotel in Montreal, Canada, delivering another order of Urban Barns’ lettuce produced in its Cubic Farming system. The lettuce was harvested only three hours ago. Drawing on ideas and concepts used in greenhouse farming, vertical farming, and traditional field farming, Urban Barns’ patent-pending Cubic Farming system reconceptualizes the future of urban farming. “I certainly believe this is the way of the future,” says Hough, head of business development and a jack-of-all-trades with Urban Barns. “We certainly have some aspect of a vertical farm, but I like to think we use space even more efficiently and effectively.”

Urban Barns is using a new farming technology dubbed controlled environment agriculture, or CEA. There are no traditional crop rows and no ladders inside an Urban Barns facility. Rather, long metal frames carrying growing trays are suspended in the air, circulating underneath thousands of red, amber, and blue LED lights. In a sporadically sunny region like Canada, sunlight poses a major impediment to year-round farming ventures. Urban Barns’ hydroponic lettuce, however, suns itself for twelve to sixteen hours each day, using both ceiling-mounted LED lights and intra-canopy LED lights. With traditional farming methods, it can take anywhere form forty-five to ninety days to grow lettuce in the region. Urban Barns’ method has cut the process down to twenty-one days.

Cubic Farming technology doesn’t just present a new way to get from seed to table; it offers an entirely unique product as well. The Urban Barn facility is a completely controlled environment. Instead of overalls and work boots, employees don lab coats, hairnets, and gloves. As a result, Urban Barns does not need to use any herbicides, pesticides, or fungicides on its plants. With many consumers opting for organics in recent years, this creates a competitive advantage. Hough recalls a recent Canadian study in which fifty percent of the organic produce that was tested came back positive for pesticide residue. Urban Barns’ lettuce would probably come back completely negative.

From a production standpoint, Urban Barns’ has cut both time and labor costs dramatically. “Due to the conveyor system, one person can do seeding, planting, and harvesting without really having to move,” Says Hough. Currently, Urban Barns employees less than ten people including its executive team. The conveyor carries the metal trays right to the employee, as a gentle breeze travels throughout the barn. Fans connected to the enclosure provide just the right amount of wind to mirror some of the environmental stresses that the plants would encounter in nature. In the wild, plants have to combat many environmental stresses, like pests, drought, floods, and wind. They become stronger in response to these stresses, leading to healthier and more robust plants.

The cost production aspects of cubic farming and lower than many people would imagine. “Our system uses ninety-six percent less water than a traditional farm would use, so our water costs are extremely low,” says Hough. The most expensive part of the operation is the machinery. “We had nothing to model it after, so we had to design, build, and optimize our machinery from scratch,” says Hough. The company currently uses fourth generation machines to carry the lettuce, microgreens, and other produce along the conveyor belt system. According to Hough, these machines cost roughly $125,000.” Although the company uses thousands of LED lights, electricity accounts for less than one-fifth of total production costs.

The LED lights are a critical component of cubic farming technology. “If you look at our Urban Barn now, you will see a pinkish and purple-ish hue emanating from it.” This color is no accident. Urban Barns has worked closely with researchers at McGill University’s Bioresource Engineering program, including Dr. Mark Lesfred, who helped NASA figure out how to feed astronauts fresh vegetables in space. McGill has helped Urban Barns develop many aspects of cubic farming technology, including the precise tone and hue of each LED light. The color of the light makes a difference in the growing process, which, according to Hough, you can taste.

Urban Barns has many items on its technological advancement agenda. In hydroponic farming, crops are seeded and grown in plugs made from a fabric-like material commonly referred to as substrate. Currently, the company is exploring the use of alternatives to the rockwool substrate it uses to grow its lettuce and microgreens. McGill researchers have tested a wide variety of potential substrate substitutes, including hemp fiber and coconut fiber.

Right now, a number of Urban Barns’ microgreens are growing in the newly developed hemp fiber. The material is actually cheaper than rockwool, and provides a major bonus benefit for the company. “Substrates don’t break down, but these fibers will,” says Hough. For the company, sustainability and environmental stewardship are a top priority. Finding a cheaper and more sustainable alternative to traditional substrates would be a landmark success for Urban Barns as well as the larger hydroponic farming industry.

The company sees itself growing in the coming years and intends to venture into other types of produce. Hough is particularly interested in produce that cannot be grown year-round in the chilly Canadian climate, like fresh strawberries in winter. Urban Barns chose lettuce as its first crop in order to provide local residents with fresher alternatives to the imported lettuce on Canadian supermarket shelves. Most of Canada’s lettuce comes from California, taking seven days to travel across the continent and another two to three days to hit store shelves. The company also sees its geographical reach expanding. “The plan is to have a barn in every major city across North America,” says Hough.

These goals are not without impediments. Hough sees two potentially significant hurdles to bringing Cubic Farming technology to the forefront of the market. Consumer education has proved to be a task for many of Urban Barns’ endeavors. Currently, the company sells its lettuce in single-serving heads and is priced at the upper end of the organic produce market. “The education process is attached to the premium that we are charging now,” remarks Hough, “but our product has a lot more to offer.” Current clientele include many upper-end hotels in the area, like The Fairmont and Hyatt, in addition to many grocers throughout the region, including IGA, the largest grocer in the country.

As for the other hurdle, Urban Barns has identified at least two other operations using a similar LED light system, including a vertical farm on Canada’s eastern coast. “I believe it is going to be a first-to-market race,” remarks Hough.

Urban Barns’ aspirations of building Cubic Farming barns across the globe are tethered by a concept that is very important to the company. “We definitely have aspirations of becoming a global company, but we always want to maintain local roots.” The local food movement has gained popularity in recent years, and has drawn in many consumers who enjoy supporting local agriculture while receiving the freshest produce possible. “The current food system is not optimal,” says Hough. “This is the future. There is no question in my mind about it”

Source: http://agfundernews.com/urban-barns-cubic-farming-seeks-to-change-the-future-of-urban-farming-one-head-of-lettuce-at-a-time.html

European Parliament votes in favour of a mandatory monitoring system for conflict minerals

Posted by AGORACOM-JC at 11:26 AM on Monday, May 25th, 2015

  • European Parliament voted in favour of a mandatory monitoring system for minerals, including tin, gold and tantalum, from conflict regions
  • Bill covers not only mineral importers, smelters and refiners, but also obligates manufacturers of consumer products to ensure that their products do not contain materials made with minerals produced to fund armed conflict

In our ongoing efforts to provide you with broader communications and industry information, Avalon Rare Metals Inc. is pleased to issue this Industry Bulletin, which follows up on the April 20, 2015 Industry Bulletin entitled “EU establishes voluntary system for conflict-free mineral certification.”

On May 20, 2015, the European Parliament voted in favour of a mandatory monitoring system for minerals, including tin, gold and tantalum, from conflict regions. This end result was unexpected according to some observers, and goes beyond the proposal of the European Parliament’s International Trade Committee, which recommended self-certification but did not extend beyond smelters and refiners.

This bill covers not only mineral importers, smelters and refiners, but also obligates manufacturers of consumer products to ensure that their products do not contain materials made with minerals produced to fund armed conflict. While this bill has some hurdles to overcome as it goes through the legislative process, it highlights the global trend toward promoting socially and environmentally responsible production of critical raw materials.

Avalon’s East Kemptville tin-indium deposit, located in Yarmouth County, Nova Scotia is currently being evaluated as a potential new North American source of conflict-free tin. Avalon’s Nechalacho Heavy Rare Earth deposit in the Northwest Territories is a potential source of tantalum produced in an environmentally and socially responsible way, along with rare earths and zirconium.

Avalon’s President & CEO, Don Bubar, commented: “This vote by the European Parliament is further confirmation that our commitment to sustainability in all aspects of our business positions us well to serve the future critical raw material needs of responsible manufacturing companies in the European Union and elsewhere around the world.”

For more information please see http://www.euractiv.com/sections/development-policy/parliament-votes-binding-conflict-minerals-regulation-314741. If you have any comments or questions on this article or the rare earths generally, please do not hesitate to contact Avalon directly atir@avalonraremetals.com.

ABOUT AVALON RARE METALS INC.

Avalon Rare Metals Inc. (TSX & NYSE MKT: AVL) is a mineral development company focused on rare metal deposits in Canada, with three advanced stage projects. Its 100%-owned Nechalacho Deposit, Thor Lake, NWT is exceptional in its large size and enrichment in the scarce ‘heavy’ rare earth elements, key to enabling advances in clean technology and other growing high-tech applications. Avalon is also advancing its Separation Rapids Lithium Minerals Project, Kenora, ON and its East Kemptville Tin-Indium Project, Yarmouth, NS. Social responsibility and environmental stewardship are corporate cornerstones.

130 Adelaide St. W, Suite 1901
Toronto, ON M5H 3P5
Tel: (416) 364-4938
Email: ir@avalonraremetals.com

Urban Barns Announces New Kosher Certifications

Posted by AGORACOM-JC at 10:27 AM on Friday, May 22nd, 2015

  • Announced that it has recently received the MK Kosher certification for its Oak Leaf lettuce and three types of Micro Greens, namely Daikon, Sango/Rambo and Mizuna

MONTREAL, QUBEC, Canada, via ETELIGIS INC., 05/22/2015 – -Urban Barns Food Inc. (“Urban Barns”) (OTCQB: URBF), an innovative food producer, announced that it has recently received the MK Kosher certification for its Oak Leaf lettuce and three types of Micro Greens, namely Daikon, Sango/Rambo and Mizuna. Urban Barns Foods Inc. will continue to broaden its Kosher product line up with additional micro green varieties and herbs in the coming months. Dedicated in the cultivation of fresh vegetables throughout the year, Urban Barns Foods Inc. uses the latest in LED technology and is most noted for its proprietary Cubic Farming method.

These recent additions will add to the currently approved romaine and butterhead lettuce that obtained Kosher certification in December of 2014.

Rabbi Saul Emanuel, Executive Director of Canada’s Kosher certifier, expressed his delight over the company’s MK Kosher Certification which he feels will be beneficial for the Kosher catering and consumer industries. Furthermore, Rabbi Peretz Jaffe, the Kashrus coordinator, noted how difficult it is in finding produce that is free of infestation, and believes that the market will only gain from this recent development.

For further updates and developments, please go to:

Facebook.com/UrbanBarns

Instagram.com/UrbanBarnsFoods

Twitter.com/UrbanBarns

Youtube.com/UrbanBarnsFoods

About MK Kosher Certification:

Canada’s Kosher certifier, otherwise known as “MK” has established itself as the leading player responsible for the certification of thousands of Kosher food products bearing the MK certification mark. As Canada’s Kosher certifier, companies from across the country source out MK Kosher certification, enabling them to become part of the highly acclaimed list of enterprises that produce food products with the MK Kosher certification mark.

About Urban Barns Foods Inc.

Urban Barns uses patent pending and proprietary equipment to produce affordable leafy vegetables in a secure and controlled indoor environment. By setting up subsidiary facilities and growing locally, Urban Barns can focus on supplying any community, irrespective of the regional climate, effectively reducing shipping times and related spoilage costs. Urban Barns has the unique ability to scale and cater to the demands of all major communities. The company’s commitment to consumers is reflected through its motto, “Fresh, Local, Green”.

Forward-Looking Statements

Except for historical information contained herein, the matters set forth above may include forward-looking statements that involve certain risks and uncertainties. Words such as “may”, “could”, “anticipate”, “believe”, “estimate”, “expect”, “intend”, “plan”, and similar expressions are used to identify forward-looking statements. These forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements. Urban Barns does not undertake any obligation to update any forward-looking statements and cautions investors to consider all other risks and uncertainties, including those disclosed in Urban Barns’ filings with the United States Securities and Exchange Commission.

CONTACT:

For further information, contact:

Urban Barns Foods, Inc.

Richard Groome, President and CEO

rgroome@urbanbarns.com

Tel: 514 907 4989 x 774

www.urbanbarnsfoods.com

SOURCE: Urban Barns Foods, Inc.

Associated Documentation:

Link to submission on http://www.eteligis.com
URBF_05-21-2015_888_ETL.docx

New York Stock Exchange Launches Bitcoin Price Index

Posted by AGORACOM-JC at 8:07 AM on Friday, May 22nd, 2015

  • NYXBT will represent the daily US dollar value of one bitcoin at 4pm (BST) and will be published on the NYSE Global Index Feed (GIF).
  • bitcoin price index will use data from transactions taking place on San Francisco-based bitcoin exchange Coinbase
  • Wall Street takes notice, Goldman Sachs recently participated in a $50m funding round raised by bitcoin financial services startup Circle

The New York Stock Exchange (NYSE) has today announced the launch of a bitcoin price index (NYXBT).

NYXBT will represent the daily US dollar value of one bitcoin at 4pm (BST) and will be published on the NYSE Global Index Feed (GIF).

For a limited period it will also be viewable on the NYSE’s website.

Thomas Farley, NYSE group president, said in a statement:

“Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class.”

He added: “As a global index leader and administrator of ICE LIBOR, ICE Futures US Dollar Index and many other notable benchmarks, we are pleased to bring transparency to this market.”

The bitcoin price index will use data from transactions taking place on San Francisco-based bitcoin exchange Coinbase.

However, a statement released by the NYSE said that it would continue to review other bitcoin exchanges to see whether they met the criteria required for inclusion in the index. “The NYSE Bitcoin suite of indices is anticipated to grow, with new indices introduced over time.”

Growing interest on Wall Street

The move comes after the Wall Street stock exchange invested in Coinbase’s $75m Series C funding round, which closed in January this year.

Speaking to CoinDesk following the announcement, Farley said: “With this investment, we are tapping into a new asset class by teaming up with a leading platform that is bringing transparency, security and confidence to an important growth market.”

The NYSE is not the only firm on Wall Street investing in the digital currency.

Multinational banking giant Goldman Sachs recently participated in a $50m funding round raised by bitcoin financial services startup Circle.

Just last month, developers at the Bank of New York Mellon Corp were revealed to be experimenting with bitcoin’s open-source code on the bank’s new corporate recognition program.

Source: http://www.coindesk.com/new-york-stock-exchange-launches-bitcoin-price-index/