Agoracom Blog

DuSolo Announces Fiscal 2015 Third Quarter Results

Posted by AGORACOM-JC at 10:00 PM on Monday, August 31st, 2015

  • Three months ended June 30, 2015, DuSolo produced 7,756 tonnes of Direct Application Natural Fertilizer product of varying grades. For the nine month period ended June 30 2015, the Company produced 11,164 tonnes of DANF product of varying grades
  • Three month period ended June 30, 2015, the Company sold 3,462 tonnes of DANF product of varying grades. For the nine month period ended June 30, 2015, 4,155 tonnes of DANF of varying grades was sold

VANCOUVER, BRITISH COLUMBIA–(Aug. 31, 2015) - DuSolo Fertilizers Inc. (TSX VENTURE:DSF)(OTC PINK:ELGSF)(FRANKFURT:E6R) (“DuSolo” or “the Company”) is pleased to announce its production, sales and financial results for the third quarter of fiscal 2015.

For the three months ended June 30, 2015, DuSolo produced 7,756 tonnes of Direct Application Natural Fertilizer (“DANF”) product of varying grades. For the nine month period ended June 30 2015, the Company produced 11,164 tonnes of DANF product of varying grades.

During the three month period ended June 30, 2015, the Company sold 3,462 tonnes of DANF product of varying grades. For the nine month period ended June 30, 2015, 4,155 tonnes of DANF of varying grades was sold.

Revenue for the three and nine month periods ending June 30, 2015 are $365,528 and $476,295, respectively. Gross profit for the same time periods are $144,661 and $200,044, respectively. Net loss for the three month period ended June 30, 2015 is $632,807 and net loss for the nine month period ended June 30, 2015 is $2,796,053. This translates to a loss per common share (basic and diluted) of $0.01 for the three month period ended June 30, 2015, and a loss per common share (basic and diluted) of $0.02 for the nine month period ended June 30, 2015.

The Company’s cash position as at June 30, 2015 was $659,339 (including $92,341 that was restricted). Working capital as of June 30, 2015 was $154,835.

“The Company remains focused on growing its operations and optimizing its production processes to become a Brazilian fertilizer producer,” said Darren Bowden, Chief Executive Officer. “Current Brazilian phosphate production does not meet domestic demand, and this shortfall is expected to continue in the coming years. DuSolo is uniquely positioned to capitalize on this and participate in this market.”

For more information, please refer to the management discussion and analysis and financial statements filed on SEDAR at www.sedar.com.

On behalf of DuSolo Fertilizers Inc.

Darren Bowden, Chief Executive Officer

Forward-looking statements

Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”. Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of DuSolo which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and DuSolo disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

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

DuSolo Fertilizers Inc.
ir@dusolo.com
(604) 331-9853
www.dusolo.com

Omagine, Inc. Appoints Alan M. Matus as Director

Posted by AGORACOM-JC at 2:03 PM on Friday, August 28th, 2015

Omag

New York –August 28, 2015 -Omagine, Inc. [OTCQB: OMAG] today announced that Alan M. Matushasbeen appointed as an independent Director of Omagine, Inc. (“Omagine” or the “Company”) effective September 1, 2015.With Mr. Matus’ appointment, the majority of the Company’s Board of Directors now consists of non-executive independent outside directors.

Mr. Matushas five decades of residential, hospitality and commercial real estate development experience. He is a seasoned real estate industry executive and owner who has personally directed the development, planning, architectural design, financing, construction and marketing of many public and private developments both internationally and in the U.S.Mr.  Matus graduated as a Chartered Accountant (a CPA equivalency) from the University of Witwatersrand, Johannesburg, South Africa.

Mr. Matus is an owner and operator of Acqualina Residences and Resort, a beachfront luxury resort just north of Miami, Floridawhich he developed and opened in 2006 (www.Acqualinaresort.com). Its Mediterranean villa décor offeringocean and Intracoastal viewswas designed witha distinct European feel. The resort, including the 20,000 square foot Acqualina Spa by global spa leaders ESPA, is a recipient of the coveted Forbes Travel Guide Five Star Award, the AAA Five Diamond Award and the Andrew Harper’s Reader’s Choice Award for Top 20 Beach and Family Resorts worldwide. In 2015 Acqualina Mansions, comprising 79 ultra-luxurious residences, was added to the resort and an additional 265 residences are currently being planned for the future.

Mr. Matus joined Williams Island as its President and Chief Executive Officer in the 1980’s to conceive, develop, build and manage this two billion dollar landmark residential and resort community on the Intracoastal Waterway in Aventura, Florida (http://www.williamsislandclub.com).This renowned 80-acre community has been heralded worldwide as a “world unto itself”. It is also known as the “Florida Riviera”. Mr. Matus currently resides in Williams Island and is active in professional industry organizations.

Omagine’s president, Frank J. Drohan, remarked:“Alan brings a highly diverse skill set to the Board and to our business with his development, ownership and operational expertise, finance experience and other relevantreal estate development skills.He has international experience, great taste and a terrific design sense. Alan’sfocus on customer amenities and experiencesand his distinguished professional accomplishments in the real estate development business will greatly benefit our Company, its shareholders and our vision for the Omagine Project. I am greatly pleased that we were successful in recruiting someone of Alan’s stature andproven ability to our Board and we look forward to his contributions to our continued success.”

About Omagine, Inc.

Omagine, Inc. is a publicly traded U.S. company (Stock Symbol: OMAG). The Company is focused on real-estate, entertainment and hospitality opportunities in the Middle East and Northern Africa (the “MENA Region”) and on the design and development of unique tourism destinations that are thematically imbued with culturally aware, historically faithful, and scientifically accurate entertainment experiences. Governments in the MENA Region are highly focused on diversifying their economies to create employment opportunities for their citizens via the development of tourism destination projects. It is the Company’s opinion that this governmental strategic vision combined with the enormous financial resources in the MENA Region will continue to present superb development opportunities.

Investors or interested parties may visit Omagine’s website at www.omagine.com for more information about the Company or http://agoracom.com/ir/omagine which is the Company’s investor relations website.

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not historical facts, may be deemed to be forward-looking statements and are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date hereof. Additional information on risks and other factors that may affect the business and financial results of Omagine, Inc. can be found in the “SEC Filings” of Omagine, Inc. with the United States Securities and Exchange Commission (“SEC”). Investors are urged to review the Company’s SEC Filings.

Contact:

Omagine, Inc.

Corporate Inquiries

Charles P. Kuczynski, Vice-President

Telephone:+1-212-563-4141 — Ext. 208

Email:charles.kuczynski@omagine.com

CLIENT FEATURE: Urban Barns (URBF: OTCQB) Capitalizing on Evolution of Cubic Farming

Posted by AGORACOM-JC at 12:05 PM on Friday, August 28th, 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
  • $6M 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

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


12 Month Stock Chart

Tourism contribution to GDP rises

Posted by AGORACOM-JC at 5:14 PM on Thursday, August 27th, 2015

Tourism contribution to GDP rises

  • Direct and indirect contribution of the Sultanate’s tourism sector to Gross Domestic Product (GDP) is estimated to exceed six per cent this year, according to a high ranking official of the Ministry of Tourism
  • Maitha Bint Saif al Mahrouqiya, Undersecretary, Ministry of Tourism, said tourism accounts for nearly 2.5 per cent of GDP and contributes RO 650 million annually to economic activity as against RO 273 million in 2005, thus achieving an average growth rate of around 11 per cent per year (2005-2014).

By Hasan Kamoonpuri — MUSCAT: August 26: The direct and indirect contribution of the Sultanate’s tourism sector to Gross Domestic Product (GDP) is estimated to exceed six per cent this year, according to a high ranking official of the Ministry of Tourism. In comments to Oman Observer recently Maitha Bint Saif al Mahrouqiya, Undersecretary, Ministry of Tourism, said tourism accounts for nearly 2.5 per cent of GDP and contributes RO 650 million annually to economic activity as against RO 273 million in 2005, thus achieving an average growth rate of around 11 per cent per year (2005-2014).

“Oman’s tourism industry has seen considerable development and progress in recent times, which is reflected in the increase in all tourism indicators,” she added.

“Specifically, one of the milestones is related to the implementation of the Integrated Tourism Complexes, namely, The Wave, Salalah Beach Resort and Jabel Al Sifa Resort. These ITCs are in part operational with world class hotels, golf courses, marinas and residential units.

“Another milestone is the establishment of a completely new department which caters for the provision of miscellaneous services and a comprehensive set of information for investors, both domestic and foreign.

The market-based representative offices opened in most tourist markets is yet another milestone in tourism development”.

The launching of the Oman Tourism Strategy project in mid-2014 is a landmark that provides a roadmap to guide “our efforts on sound scientific and progressive basis”, thus reaping the benefits and many opportunities that are now made available through international tourism.

The preparation of the long-term tourism strategy (2016–2040) has entered a very advanced stage and it is scheduled to be unveiled in September this year.

The Sultanate’s tourism sector launched itself into 2015 on a high, fuelled by strong bookings by hotels and resorts and a strong line-up of projects that are currently underway.

The revenues of hotels during 2014 stood at RO 216,526, 000 compared to RO198, 835, 000 in 2013, thus indicating that hotels’ revenues grew by RO 17.7m in 2014, according to the National Centre for Statistics and Information (NCSI).

The Sultanate’s tourism revenue from international visitors exceeded $1 billion for the first time in 2012, making it one of the top tourism destinations in the Gulf region, according to a report published by the United Nations World Tourism Organisation (UNWTO).

The tourism undersecretary said there are a number of mega projects that are currently underway such as the Convention Centre, Omagine, Palm Mall and Ras Al Hadd Resort. Omagine and Palm Mall are located in Muscat Governorate (Wilayat As’ Seeb) while Ras Al Hadd Resort is located in South Sharqiyah Governorate.

Source: http://omanobserver.om/tourism-contribution-to-gdp-rises/

A 2nd Major Silicon Metal Producer Requests High Purity Quartz Samples From Uragold

Posted by AGORACOM-JC at 10:12 AM on Thursday, August 27th, 2015

  • Announced that a second major silicon metal producer (“2nd Producer”) has requested samples of High Purity Quartz
  • Patrick Levasseur, President and COO of Uragold stated, “The interest we are receiving from global silicon metal producers for our quartz demonstrates the exceptional quality of the Roncevaux quartz and the lack of supply of High Purity Quartz. We are now even more focused on determining the full potential of our industry leading quartz portfolio.”

Montreal, Quebec / August 27 2015 – Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR), is pleased to announce that a second major silicon metal producer (“2nd Producer”) has requested samples of High Purity Quartz from our Roncevaux property located in the Matapedia Valley in the Gaspe region of Quebec.

ADDITIONAL THIRD PARTY VALIDATION BODES WELL FOR ADVANCEMENT OF URAGOLD HIGH PURITY QUARTZ PROPERTIES IN QUEBEC

In order to perform their test, the 2nd Producer requires 30 kg of quartz material be sent to a laboratory in Switzerland for thermal and mechanical stability tests in addition to chemical purity analysis. Discussions remain confidential as well as tests and results, which will be proprietary to the 2nd Producer.

Patrick Levasseur, President and COO of Uragold stated, “The interest we are receiving from global silicon metal producers for our quartz demonstrates the exceptional quality of the Roncevaux quartz and the lack of supply of High Purity Quartz. We are now even more focused on determining the full potential of our industry leading quartz portfolio.”

FIRST PRODUCER HAS CONFIRMED INTEREST IN PURCHASING SIGNIFICANT TONNAGE OF HIGH PURITY QUARTZ FROM URAGOLD

On March 2nd 2015, Uragold announced that a major silicon metal producer (“1st Producer”) had confirmed their interest in purchasing a significant tonnage of High Purity Quartz from our Roncevaux property in Quebec.

The Producer had confirmed that the Quartz material from our Roncevaux property successfully passed their rigorous testing protocol, which determined that the material is highly suited for their silicon metal production plant.

SUCCESSFUL COMPLETION OF FINANCING – INSIDERS ACCOUNT FOR 49% OF FUNDS

Uragold announces that it has closed the new non-brokered private placement of 6,619,000 units (“Unit”) at $0.05 per Unit for gross proceeds of $330,950 previously announced on August 19, 2015. The net proceeds from the Private Placement will be used for general corporate expenditures and to enhance the Company’s balance sheet.

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 placement is subject to standard regulatory approvals.

SHARES FOR SERVICES PROGRAM

The Corporation also announced that it has issued 565,000 common shares at a deemed price of $0.05 per share and therefore paid a debt of $28,250 for services rendered during the period from January 16, 2015 ending July 15, 2015.

MODIFICATION TO STOCK OPTION PLAN

Uragold announces that its Board of Directors has approved the modification of the total number of shares that may be issued pursuant to its stock option plan, which is increased from 4,400,000 shares to 10,800,000 shares. The maximum number of common of shares that may be issued under the plan shall be equivalent to less than 10% of the issued and outstanding common shares of the Corporation. The modification is subject to regulatory approval.

About UBR – Quebec Quartz

UBR – Quebec Quartz is the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Despite the abundance of quartz, very few deposits are suitable for high purity applications. High Purity Quartz supplies are tightening, prices are rising, and exponential growth is forecasted. 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.

In addition to becoming a supplier of lump quartz for silicon metal production, Quebec Quartz’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.

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

Avalon Rare Metals Discusses Pilot Plant Program on Separation Rapids Lithium Project

Posted by AGORACOM-JC at 2:10 PM on Wednesday, August 26th, 2015

Avalon recently announced that a $750,000 pilot plant program has commenced on the Company’s Separation Rapids Lithium Project located near Kenora, Ontario. The 2015 pilot plant program will provide a trial of the new lithium minerals process flow sheet developed at the bench scale over the past year.

Hub On AGORACOM / Corporate Profile / Read Release

DuSolo Provides Corporate Update

Posted by AGORACOM-JC at 8:17 PM on Tuesday, August 25th, 2015

  • “In the coming months, the Company plans to implement a number of sales and production strategies in an attempt to increase revenues, while managing its production costs. DuSolo’s long term focus remains unchanged, as we continue to build the Company into a domestic Brazilian phosphate producer.”

VANCOUVER, BRITISH COLUMBIA–(Aug. 25, 2015) - DuSolo Fertilizers Inc., (TSX VENTURE:DSF)(OTC PINK:ELGSF)(FRANKFURT:E6R) (“DuSolo” or “the Company”) is pleased to provide a corporate update for its Brazilian operations.

After a longer than anticipated rainy season, the Company has been excavating and processing Direct Application Natural Fertilizer (“DANF”) product at Bomfim since June. DANF product sales, however, have been less than anticipated due to soft fertilizer demand in Brazil. This is a result of weaker crop prices, the lower purchasing power of the Real and delayed credit availability from the government to farmers and agri-businesses.

“In light of the current market conditions in Brazil, and the effect it has had on the Company’s performance, DuSolo’s new board and management have undertaken a strategic review of all operations,” said Darren Bowden, CEO of DuSolo. “In the coming months, the Company plans to implement a number of sales and production strategies in an attempt to increase revenues, while managing its production costs. DuSolo’s long term focus remains unchanged, as we continue to build the Company into a domestic Brazilian phosphate producer.”

The following strategic initiatives will be undertaken:

  • Drawdown of Bridge Loan facility. Funds have already been received and will be used as working capital as DuSolo begins to accept forward sales contracts.
  • Plans to reconfigure Bomfim Processing Plant in order to increase DANF product output without installing additional hammer mills, saving the Company C$400,000.
  • Looking at alternative sales strategies, including forward sales contracts and expanding sales into other regions in Brazil.

Sales

Year to Date, 2015, DuSolo produced and sold the following amounts of DANF product (all figures are in tonnes):

Mine Production Plant Production Delivery of Sales To Be Delivered
52,931 29,939 7,373 3,363

Of the 81,100 tonnes in signed commitments, approximately 3,290 tonnes of product has already delivered, and an additional 3,363 tonnes will be delivered in the short term. All of these contracts are still in good standing, though buyers have been slow to perform due to the market conditions described above.

To smooth upcoming sales revenue, the Company will implement a number of sales strategies in order to ensure that DANF product sales continue, including accepting forward sales contracts, while continuing to receive proceeds from sales on delivery.

Operations

The material processed to date has come from the Santiago project (“Santiago”). Further analysis and characterization has confirmed that mineralization at Santiago is softer and more fine that previously thought. This has led to the primary screen being under utilized and the secondary screen being over loaded causing a production bottleneck. DuSolo, at minimal cost, will reconfigure the Bomfim Processing Plant (“the Plant”) to better handle this material.

The reconfiguration includes a plate change in the existing hammer mills to increase final product top size from 1.5mm to 2mm, which has already been completed. In addition, the screen decks will be resized to redirect material to different stockpiles, reducing rehandle and increasing primary and secondary screen efficiency. Once both of these changes are in place, the Plant is expected to achieve a sustainable throughput of 80 tonnes per hour versus the current maximum of 60 tonnes per hour.

The optimization of the Plant will allow for higher production, without having to install the additional hammer mills as previously planned. This will result in a C$400,000 savings for DuSolo. The Company will complete the reconfiguration in September, and expects DANF product inventory stockpiled to meet September sales demand. The Plant is expected to recommence production with the new screens and mills for a short period in October in order to test the upgrades and build sufficient product stock to meet low season sales.

Other Phosphate Opportunities

DuSolo maintains its focus on growth through building its operations, as well as assessing new phosphate opportunities in other regions of Brazil. The Company is of the opinion that current market conditions in the fertilizer market are temporary and are likely to improve in the mid to long term. It is therefore evaluating investment opportunities created by the weakness in phosphate demand, and looking to expand into new agricultural areas in Brazil as part of its strategy to become a mid-tier Brazilian fertilizer producer.

ABOUT DUSOLO

DuSolo Fertilizers Inc. is focused on developing a fully integrated process to produce phosphate based fertilizers within the Cerrado region of Brazil as part of a nationwide effort, incentivized by the government, to increase supply of domestically sourced fertilizers and achieve agricultural self sufficiency.

The Company’s shares are publicly traded on the TSX Venture Exchange under the symbol DSF, on the OTC Pink Sheets under the symbol ELGSF and on Frankfurt Stock Exchange under the symbol E6R.

On behalf of DuSolo Fertilizers Inc.

Darren Bowden, CEO

Forward-looking statements

Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”. Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of DuSolo which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and DuSolo disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

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

DuSolo Fertilizers Inc.
(604) 331-9853
ir@dusolo.com

Avalon Discusses Continued Listing Standards Notice from NYSE MKT

Posted by AGORACOM-JC at 3:02 PM on Tuesday, August 25th, 2015

Avalon recently received a letter from NYSE MKT LLC dated July 30, 2015 which states that due to the Company’s recent low selling share price, it has been deemed to be not in compliance with the continued listing standards of the Exchange. The Company’s continued listing is contingent upon the Company effecting a share consolidation within a reasonable period of time or upon a sustained increase in its share price. The company goes “Beyond The Press Release” to discuss this matter further.

 

Hub On AGORACOM / Corporate Profile / Read Release

DuSolo Announces Management Restructuring

Posted by AGORACOM-JC at 5:15 PM on Wednesday, August 19th, 2015

  • Board of directors has appointed Eran Friedlander as Non-Executive Chairman and Darren Bowden as Chief Executive Officer
  • As DuSolo transitions from exploration to production, it is seeking to expand its management’s operational experience,” said Eran Friedlander, Chairman. “Darren Bowden has a wealth of operational experience and knowledge, and will be an asset to the Company as it increases its production profile.”

Finalizes Bridge Loan Agreement

VANCOUVER, BRITISH COLUMBIA–(Aug. 19, 2015) - DuSolo Fertilizers Inc., (TSX VENTURE:DSF)(OTC PINK:ELGSF)(FRANKFURT:E6R) (“DuSolo” or “the Company”) is pleased to announce that its board of directors has appointed Eran Friedlander as Non-Executive Chairman and Darren Bowden as Chief Executive Officer.

“As DuSolo transitions from exploration to production, it is seeking to expand its management’s operational experience,” said Eran Friedlander, Chairman. “Darren Bowden has a wealth of operational experience and knowledge, and will be an asset to the Company as it increases its production profile.”

Darren Bowden, the Company’s new CEO said, “Having operated in many countries around the world, I am delighted to accept the role of CEO and look forward to working closely with Eran and the team to bring the Company’s operations to their full potential. I look forward to both optimizing the operations and delivering value for all of DuSolo’s stakeholders.”

In connection with these appointments, Mr. Bowden has agreed to act as an interim CEO for up to 12 months and Mr. Friedlander has agreed to consult as a strategic advisor to the CEO for a period of two years.

Bridge Loan Agreement

The Company is also pleased to announce that it has signed the definitive loan agreement with Ndovu Capital III B.V. (“Ndovu”) for C$750,000 (the “Bridge Loan”), as announced in the Company’s press release dated August 10, 2015. The Bridge Loan bears interest at 10% per annum, is repayable in three months, bears an establishment fee of 5%, and is subject to representations, warranties, covenants and negative covenants customary for a loan of this nature. The Company will draw down the Bridge Loan and use the proceeds for general working capital purposes. Ndovu is an affiliate of Tembo Capital Mining Fund LP and is the Company’s largest shareholder, with 15.43% of DuSolo’s issued and outstanding common shares. Mr. Peter Ruxton, a director of Ndovu, is a director of the Company and abstained from the approval of the Bridge Loan.

Board Committees

The Company’s board of directors confirms the appointments to the following standing committees of the board:

Audit Committee: David Farrell (Chair), Peter Ruxton, Michael Vint
Compensation Committee: Peter Ruxton (Chair), David Farrell, Michael Vint
Corporate Governance and Nominating Committee: David Farrell (Chair), Peter Ruxton, Darren Bowden

ABOUT DUSOLO

DuSolo Fertilizers Inc. is focused on developing a fully integrated process to produce phosphate based fertilizers within the Cerrado region of Brazil as part of a nationwide effort, incentivized by the government, to increase supply of domestically sourced fertilizers and achieve agricultural self sufficiency.

The Company’s shares are publicly traded on the TSX Venture Exchange under the symbol DSF, on the OTC Pink Sheets under the symbol ELGSF and on Frankfurt Stock Exchange under the symbol E6R.

On behalf of DuSolo Fertilizers Inc.

Eran Friedlander, Chairman

Forward-looking statements

Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”. Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of DuSolo which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and DuSolo disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

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

DuSolo Fertilizers Inc.
(604) 331-9853(604) 331-9853(604) 331-9853(604) 331-9853
ir@dusolo.com
www.DuSolo.com

Uragold Starts Work On Quartz Deposit To Validate Historical Estimate For Potential Order From Major Silicon Producer

Posted by AGORACOM-JC at 10:01 AM on Wednesday, August 19th, 2015

Uragold_logo

  • Fieldwork to confirm resource is capable of fulfilling potential order
  • Anzaplan to test for potential high value applications, including ultra high purity quartz sand
  • Major Silicon Metal Producer expressed interest in purchasing between 20,000 to 50,000 tons annually of High Purity Lump Quartz material (see Mar 2, 2015 release)

Montreal, Quebec / August 19 2015 – Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that fieldwork on the Roncevaux quartz property located in the Matapedia Valley in the Gaspe region of Quebec has started for the purpose of achieving two objectives.

FIELDWORK TO CONFIRM RESOURCE IS CAPABLE OF FULFILLING POTENTIAL ORDER

Per the Company’s announcement on March 2, 2015, a major Silicon Metal Producer has expressed interest in purchasing between 20,000 to 50,000 tons annually of High Purity Lump Quartz material from our Roncevaux property, after our material successfully passed their rigorous testing protocols. This requires Uragold to validate if the historical estimates of 414,700 tons of High Purity Quartz; contained in the V1 vein structure calculated in 2003 (grading @ 99.20% of SiO2), will be sufficient to fulfil the potential order. (GM60610: Barrette, Jean-Paul. 2003. Rapport des travaux d’exploration miniere sur la veine de quartz pur. Projet Silice Roncevaux, Canton Roncevaux, Gaspesie), (press release December 16, 2014).

All information such as resources estimates and grades herewith presented is historical in nature and while relevant, the information was obtained before the implementation of National Instrument 43-101 and as such does not meet National Instrument 43-101 reporting standards. The historical estimate should not be relied upon until the Company can confirm them.

ANZAPLAN TO TEST FOR POTENTIAL HIGH VALUE APPLICATIONS, INCLUDING ULTRA HIGH PURITY QUARTZ SAND

Pursuant to our MOU announced April 13, 2015, a second objective of the program is to collect 150 kg of sample material from the V1 vein structure ANZAPLAN will then complete quartz processing and beneficiation tests to characterize the quartz potential for high value applications, including Ultra High Purity Quartz Sands. The leading consultancy and engineering company in high purity quartz project valuation, ANZAPLAN has a wide range of international clients in the mining, engineering, and production industries. The company’s’ renowned international reputation in the glass and ceramics industry has steadily extended into the high purity market sectors.

Dr. Marc Richer-LaFleche, Ph.D. (Geo) will be leading the Institut National de la Recherche et des Sciences (INRS, Eau Terre Environnement) team retained by the Corporation to complete the program. The work will also allow the planning of a subsequent drilling program to be complete before the end of the year.

INRS is a university dedicated to fundamental and applied research, graduate studies and the training of researchers in its four research Centres in Quebec City, Laval, Montreal and Varennes. Part of the Universite du Quebec network, INRS University ranks first in Canada in terms of research intensity. Located in Quebec City, the INRS Eau Terre Environnement Research Centre is a world class research facility that brings together 40 professors, over 200 graduate and postgraduate students, and about 20 postdoctoral researchers.

Dr. Marc Richer-LaFleche, Ph.D., is professor of geology and research scientist at INRS. He is a renowned geologist with special interest in clays and silica. Dr. Richer-LaFleche completed his doctoral studies with Centre National de la Recherche Scientifique of France (CNRS) and at Universite de Montpellier II. He also completed his post-graduate with the National Geological Commission of Canada.

Private Placement

Uragold announces its intention to proceed with a new non-brokered private placement of 6,619,000 units (“Unit”) at $0.05 per Unit for gross proceeds of $330,950. Insider participation in this placement could accounts up to 49% of the total amount subscribed. The net proceeds from the Private Placement will be used for general corporate expenditures and to enhance the Company’s balance sheet.

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 placement is subject to standard regulatory approvals.

Shares For Services Program

In accordance with the agreement between Uragold and AGORACOM (see Uragold press release July 18, 2014) Uragold Board has approved the issuance of 565,000 common shares at a deemed price of $0.05 per share for the outstanding debt of $28,250 for services rendered during the period from January 16, 2015 ending July 15, 2015.

Mr Levasseur stated, “With this additional private placement, insiders are continuing the demonstration of their belief that 2015 will be an exciting year for Uragold as we continue to develop our exciting high purity quartz projects.”

About Uragold- Quebec Quartz

Uragold – Quebec Quartz is the largest holder of distinct High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Despite the abundance of quartz, very few deposits are suitable for high purity applications. High Purity Quartz supplies are tightening, prices are rising, exponential growth forecasted. 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.

In addition to becoming a supplier of lump quartz for silicon metal production, Quebec Quartz’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.

About Uragold

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