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Microsoft $MSFT could become the #Ticketmaster of #Esports analyst says $GMBL

Posted by AGORACOM-JC at 3:17 PM on Thursday, October 5th, 2017
  • Microsoft is headed for a “sustained period of accelerating growth” driven by its cloud computing, office productivity software and potential esports cash cows, according to Canaccord Genuity.
  • “Perhaps Microsoft could become the Ticketmaster of eSports, maybe they could run leagues,” the firm’s analyst writes.

Satya Nadella, chief executive officer of Microsoft

Getty Images
Satya Nadella, chief executive officer of Microsoft

Microsoft’s growth could get a boost from its latest Xbox launch as well as its exploration of the growing esports industry, according to one Wall Street analyst.

Canaccord Genuity upgraded Microsoft shares to buy from hold Wednesday, noting that the Xbox maker could give more credibility to the budding world of esports, which is centered on video game tournaments and already attracts thousands of participants and viewers.

“In our view, this is both an area of future internal development and prospective M&A,” wrote analyst Richard Davis. “With regard to M&A, perhaps Microsoft could become the Ticketmaster of eSports, maybe they could run leagues.”

Microsoft is set to release its latest generation of Xbox, called the Xbox One X, in November. Davis added that Microsoft‘s office productivity programs and its cloud computing platform, Azure, could also accelerate growth.

Shares of Microsoft rose 0.5 percent shortly after Thursday’s market open. The company’s stock is up 20 percent year to date through Wednesday.

The analyst raised his price target for Microsoft shares to $86, which is 15 percent higher than Wednesday’s closing price. His old target was $76.

Esports are turning a lot of heads lately. Industry revenue is expected to hit $1.1 billion in 2019, and roughly 76 percent of esports fans claim the virtual tournaments are overtaking their time spent watching traditional sporting events, according to research firm Newzoo.

New England Patriots owner Robert Kraft recently made headlines by purchasing one of seven teams for the Overwatch League, a popular online game produced by Activision Blizzard.

“For brands, media, and entertainment companies, esports provides a chance to capitalize on the favorite pastime of digital natives and Millennials: playing games and watching game content,” Newzoo’s analysts wrote in the firm’s annual esports market report.

Source: https://www.cnbc.com/2017/10/05/microsoft-could-become-the-ticketmaster-of-esports-analyst-says.html

FEATURE: betterU $BTRU.ca Partners With Adobe $ADBE #edtech #Education #India

Posted by AGORACOM-JC at 2:29 PM on Thursday, October 5th, 2017

Betteru large

CONNECTING GLOBAL EDUCATION WITH THE INDIAN MARKETPLACE

WHY BETTERU EDUCATION?

  • The ONLY Global Education Marketplace Serving India
  • betterU Partners With Adobe to Deliver Leading Digital Experience Programs in India
  • Capitalizing On Mobile Payments Structure Others Unable To Provide
  • Unique Ability To Collect From 200 Different Payment Methods in India
  • As A Result, Leading Global Online Education Providers Use BetterU
  • BetterU Receives 20 – 50% Of All Revenues Generated
  • Indian Government Mandate To Educate 500 million by 2022
  • India Expecting To Double Online Education From $20B to $40B In 2017

Who Is Augusta Industries $AAO.ca Why Are The World’s Biggest Companies Their Clients And Why Did They Just Announce A Spin Out?

Posted by AGORACOM-JC at 11:36 AM on Thursday, October 5th, 2017

Augusta Industries (AAO:TSXV) is a superstar company that very few people small cap investors have ever heard of.  More than just lip service, take a quick look at the client rolls of their 2 subsidiaries. Once you do, you’ll understand why Augusta just announced a spin out transaction that will split the subsidiaries into two companies, making shareholders very happy.

SUBSIDIARIES OVERVIEW

1]  FOX-TEK – World leading solutions to various sectors including the oil and gas industry. With non- intrusive technologies including: fiber optic sensors and electric field mapping systems; FOX-TEK is able to accurately measure changes that could negatively impact clients’ operations, the list of which includes the following Tier-1 Energy Companies.

How strong are FOX-TEK’s client relationships? Read the following article written by Enbridge and published on its own website:

On it’s own, FOX-TEK would be a great small cap company – but they only tell half of the Augusta story.

2]  Marcon International – an industrial supply contractor servicing the energy sector and a number of US Government entities. Marcon’s principal business is the sale and distribution of industrial parts and equipment to clients that include government departments and global energy companies.

SPINOUT TO UNLOCK VALUE OF EACH COMPANY

Investors can now begin to understand why Augusta wants to separate each of these fantastic companies into their own companies.  Specifically, Augusta Industries is aiming to deliver $25M in additional shareholder value with its Sensor Technologies spin out announcement on September 28th.  At the time of “Spin out”, Augusta will own 50 Million shares of Sensor Tech, and 100% of Marcon International, unleashing the potential for explosive growth through its multinational relationships and state of the art monitoring technology.

Augusta is a burgeoning beast in the Oil & Gas service sector with its multi-faceted approach to creating shareholder value for its shareholders. With a current 10M$ market cap and an anticipated 25$ million of value to be delivered to shareholders through the spin-out, in addition to the Second Business Unit Augusta Owns “Marcon International”, $3.8 Mil In Sales Yr end 2016. A spin out of Marcon can be valued at 3 x Revenue. Augusta stands to deliver both immediate value for current shareholders and long-term value for anyone else that discovers this unknown smallcap gem!

 

betterU $BTRU.ca Partners With Adobe $ADBE to Deliver Leading Digital Experience Programs in India

Posted by AGORACOM-JC at 9:21 AM on Thursday, October 5th, 2017

Betteru large

  • Entered into an agreement with Adobe to drive and promote Adobe’s self-paced education programs to the India market through betterU’s Global Education Marketplace

OTTAWA, Oct. 05, 2017 — betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation” or “betterU”) is pleased to announce that it has entered into an agreement with Adobe to drive and promote Adobe’s self-paced education programs to the India market through betterU’s Global Education Marketplace.

betterU continues to support India by working together with leading educators from around the world, offering top quality education to advance the skills of the population. “Skilling up millions of people requires a collective collaborative approach that focuses on bringing together all relevant educational services and content partners onto one delivery system. Adobe is yet another great example of leaders working to support India’s educational needs,” said Bradley Loiselle, President and CEO, betterU.

“The Government’s Digital India initiative has bolstered stronger broadband connectivity throughout India, and resulted in significant uplift in the creation of jobs across industries including IT and Telecom, both directly and indirectly. Digital India has also led to an increasing focus on delivering compelling digital experiences, thus adding to the demand for skilled professionals on leading technologies by companies like Adobe. betterU’s programs on Adobe Experience Manager and Adobe Analytics will enable skills development towards the Digital India initiative, and drive wider reach of Adobe’s educational programs across industries such as health, education, IT, agriculture, banking and more,” said Kulmeet Bawa, Managing Director – Adobe South Asia.

betterU is partnering with Adobe to help upskill the next wave of digital talent in the market. Self-paced learning from Adobe Digital Learning Services on Adobe Experience Manager and Adobe Analytics for web experience authors and digital analysts will now be available through betterU’s Global Education Marketplace.  “Adobe Digital Learning Services is engaged with both partners and industry to help people deliver digital experiences through skills and enablement programs. Our partnership with betterU helps us address the skills and talent shortage in the market,” says Kim Peretti, Global Head of Adobe Digital Learning Services.

About Adobe

Adobe is changing the world through digital experiences. For more information, visit www.adobe.com.

About betterU

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

www.betterU.ca and www.betterU.in

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

This press release may contain forward-looking statements and information, which may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with betterU’s growth, the state of the financial markets, regulatory risks and other factors. There can be no assurance or guarantees that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, betterU disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers should not place undue reliance on any statements of forward-looking information that speak only as of the date of this release. Further information on betterU’s public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.

For further information, please visit

http://www.betteru.ca/investor-overview/

Investor contact:

Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca

Invested in INSYS Therapeutics $INSY ? Tetra Bio-Pharma $TBP.ca is the Only pharmaceutical company to have clinical studies for smoked marijuana

Posted by AGORACOM-JC at 11:20 AM on Wednesday, October 4th, 2017

Tbp large new

WHY TETRA BIO-PHARMA?

  • Only pharmaceutical company to have clinical studies for smoked marijuana;
  • Signed a letter of intent with a major player of the healthcare specialty industry
  • Will benefit from the intellectual property created within the cannabis health research Chair from the University of New Brunswick
  • Company is financially sound, with enough cash to pay for the $1.2 million Phase III clinical trials of PPP001.
  • Filing a clinical trial application in the coming weeks to therapeutic products directorate to initiate its Phase 3 clinical trial of PPP001 in terminal cancer patient
  • Focused on expanding commercialization partnerships internationally for product pipeline – Interest has been shown from the USA, Germany, Ireland, Brazil and Mexico;
  • Initial demand forecasted in New Brunswick for PPP001 using the ACMPR license is more than expected
  • Putting in place the necessary manufacturing capabilities to address this increasing demand and to ensure the highest standards of quality control.

Tartisan $TTC.ca Launches AGORACOM Online Marketing and CEO Verified Discussion Forum

Posted by AGORACOM-JC at 4:08 PM on Tuesday, October 3rd, 2017

Hub On AGORACOM / Corporate Profile

Toronto, Ontario – Tartisan Resources Corp. (CSE: TTC) – (“Tartisan or the Company”) is pleased to announce that it is implementing an online marketing and awareness program through AGORACOM.

The Company will receive significant exposure through millions of content brand insertions on the AGORACOM network and extensive search engine marketing over the next 12 months. In addition, exclusive sponsorships of invaluable digital properties such as AGORACOM TV, the AGORACOM home page and the AGORACOM Twitter account will serve to significantly raise the brand awareness of the Company among small cap investors.

AGORACOM “CEO Verified”

AGORACOM “CEO Verified” is a free service that provides the first ever identity verification of small cap executives on a finance platform.  For the first time ever, small cap CEO’s and other company officers can post or communicate within a discussion forum without the risk of impersonation leading to catastrophic consequences.  As the ultimate influencers of their own companies, “CEO Verified” Forums will create incredible levels of engagement between companies and investors that have long desired civilized, constructive and factual conversation, with no limitations as to the number of characters.

There are no log-in requirements for investors to read posts. Those wishing to post questions, comments and interact with company officers can quickly log-in using their Facebook or LinkedIn accounts, or create an anonymous new user account.

The Tartisan Resources Discussion Forum can be found at:

https://agoracom.com/ir/TartisanResources/forums/discussion

Verified officers at launch are:

  • Mr. D. Mark Appleby, President & CEO and a Director

Mr. Appleby stated, “Social media participation is very important for growth companies such as Tartisan and AGORACOM forums are purpose built to facilitate intelligent and interactive discussions. I encourage everyone to read and participate in our CEO Verified Discussion Forum to create great, vibrant and constructive discussions for the long-term benefit of everyone.”

Shares for Services Program

The Company intends to issue shares for services to AGORACOM in exchange for the online advertising, marketing and branding services (“Advertising Services”). Pursuant to the terms of the agreement, the company will be issuing;

TERM: October 3, 2017 – October 3, 2018

FEES: $CDN 40,000 + HST

– $40,000 to be paid via Shares for Services in 5 Instalments.

– $8,000 Shares For Services Upon Commencement OCT 3, 2017 (40,000 shares issued)

– $8,000 Shares For Services at end of Third Month JAN 3, 2018

– $8,000 Shares For Services at end of Sixth Month APR 3, 2018

– $8,000 Shares For Services at end of Ninth Month JUL 3, 2018

– $8,000 Shares For Services at end of Twelfth Month OCT 3, 2018

The number of shares to be issued at the end of each period will be determined by using the closing price of the Shares of the Company on the CSE on the first trading day following each period for which the Advertising Services were provided by AGORACOM with a minimum price of $0.20 per share.

The term of the Agreement is for 12 months effective immediately. The Company has issued the first tranche of 40,000 shares.

About AGORACOM

AGORACOM is the pioneer of online marketing, broadcasting, conferences and investor relations services to North American small and mid-cap public companies, with more than 250 companies served. AGORACOM is the home of more than 767K investors that visited 5.4 million times and read 51.5 million pages of information every year. The average duration of visit of 8min 43sec is more than double that of global financial sites, which can be attributed to the implementation and enforcement of the strongest moderation rules in the industry (All Metrics Average 2008 – 2016).

AGORACOM traffic ranks within the top 0.5% of all websites around the world. These traffic results are independently tracked and verified by Google analytics. AGORACOM traffic can be attributed to its strategy of maintaining the cleanest, moderated small-cap discussion, as well as, implementation of the first ever Investor Controlled Stock Discussion Forums in 2007. 10 years later, in 2017, AGORACOM launched the first ever “CEO Verified” Discussion Forums to allow Small Cap CEO’s and Company officers to post comments in a fully verified, moderated and social media shareable environment.

About TARTISAN RESOURCES CORP.

Tartisan Resources Corp. is a Canadian mineral exploration and development company focused on gold-silver-copper and zinc in Peru. Tartisan owns a 100% stake in the Don Pancho Zinc-Lead-Silver Project just 9 km from Trevali’s Santander Mine and owns a 100% stake in the Ichuna Copper-Silver Project contiguous to Buenaventura’s San Gabriel Property. Tartisan’s portfolio also includes an equity stake (6 million shares and 3 million warrants @ 40 cents) in Eloro Resources Ltd. (TSX.V:ELO). Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Following the above transaction, there are 73,052,443 shares outstanding (90,155,827 fully diluted).

For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Tartisan10032017.pdf

HUGE NEWS: betterU Education $BTRU.ca Enters Into a Letter of Intent With HT Overseas Pte. Ltd. for a $10 Million Media Investment

Posted by AGORACOM-JC at 1:09 PM on Tuesday, October 3rd, 2017

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  • Entered into a non-binding letter of intent with HT Overseas Pte. Ltd
  • Up to $10 Million media investment
  • To be utilized over 2 years
  • Will provide betterU’s marketplace with an increased visibility and brand awareness to millions of people across India

OTTAWA, Oct. 03, 2017 — betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation” or “betterU”), is pleased to announce that it has entered into a non-binding letter of intent (“LOI”) with HT Overseas Pte. Ltd., a wholly-owned subsidiary of HT Media Limited (“HT”), an Indian media conglomerate. Up to $10 Million media investment will to be utilized over 2 years to provide betterU’s marketplace with an increased visibility and brand awareness to millions of people across India.

In a market as large as India, with over 1.3 billion people, ‘visibility’ can be as important as the products or services being offered. Mass media visibility is critical to building brands, trust, awareness and credibility. The addition of the HT’s media investment, which is strong in the North of India, will increase the support betterU requires to advance its efforts in India. “betterU’s global education partnerships have been growing significantly over the last year and this media deal will help reach many new learners across the country. Visibility across India is critical to our success in generating credibility and learner acquisition. We are excited that HT will be part of helping us achieve success for India,” said Brad Loiselle, President and CEO of betterU.

The proposed media investment will be made in eight (8) equal tranches of CAD $1.25 Million. Each Tranche shall result in HT receiving common shares (the “Shares”) in the capital of betterU from treasury. The Shares shall be issued at a price equal to the volume weighted average price of the Shares on the facilities of the TSX Venture Exchange (“TSXV”), calculated by dividing the total value by the total volume of Shares traded for the thirty (30) days ending on the day which is one trading day prior to the date of issuance, or such higher price as the TSXV may require.

The obligations of HT and betterU to complete the proposed media investment are subject to conditions including, but not limited to: (i) the execution of a definitive agreement; (ii) satisfactory due diligence; (iii) approval from TSXV of the transaction; and (iv) other customary closing conditions.

About HT Media

HT Group has built a Pan India reach via its various print, radio and digital properties. The combined reach is an astonishing ~10% of Indian population. In print alone, HT Group’s Hindustan Times (English medium), Hindustan (Hindi medium), Mint (English Business daily) give a combined readership of over 29.9 million. This readership is multiplied significantly through HT’s radio channels (104 Fever and 107.2 Nasha) which have dedicated audience of over 21.7 million in Delhi, Kolkata, UP, Bangalore, Chennai, Hyderabad and the Indo Gangetic belt. This is further complemented by HT’s digital presence including hindustantimes.com, livehindustan.com, livehindustan.com, desimartini.com and shine.com.

Geographically, HT Group has the following reach:

  • In West, HT is able to reach 7 million population in Mumbai through their highly recognised Brands in Print(HT/Mint), Radio(Fever/Nasha) & Digital.
  • In North, HT Media Group is an undisputed leader in Delhi NCR. Print readership of around 4.3 million complemented by leading radio channels such as 104 Fever and 107.2 (giving an additional audience of 8.1 million) makes HT Group a clear leader in the Delhi NCR region.

Hindustan Times is an Indian English-language daily newspaper founded in 1924 and the flagship publication of HT Media. Hindustan Times is one of the largest newspapers in India, by circulation. According to the Audit Bureau of Circulations and it has a circulation of 1.16 million copies as of November 2015. HT is one of the top most widely read English newspaper in India. It is popular in North India, with simultaneous editions from New Delhi, Mumbai, Kolkata, Lucknow, Patna, Ranchi and Chandigarh.

About betterU

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

www.betterU.ca and www.betterU.in

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

This press release may contain forward-looking statements and information, which may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with betterU’s growth, the state of the financial markets, regulatory risks and other factors. There can be no assurance or guarantees that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, betterU disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise. Readers should not place undue reliance on any statements of forward-looking information that speak only as of the date of this release. Further information on betterU’s public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.

For further information, please visit http://www.betteru.ca/investor-overview/

Investor contact:

Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca

American Creek $AMK.ca encounters high grade Au/Ag at Treaty Creek north of, and in the same system as Seabridge Gold $SA $SEA.ca KSM project

Posted by AGORACOM-JC at 11:29 AM on Tuesday, October 3rd, 2017

AMK: TSX-V, OTCBB: ACKRF

RECENT HIGHLIGHTS

  • Additional gold discovery of 5.1m of 9.57 g/t gold from 249.35m to 254.45m Read More
  • Tudor Has Discovered a New Gold Zone at Treaty Creek: 110 M of 0.909 g/t Gold, Upper 316 M of Hole Yet to Be Assayed
  • Specimens from the Electrum property average 27,092 gm/tonne silver and 248 gm/tonne gold. Read More
  • Tudor has now completed the previously announced Magnetotelluric survey and has commenced drilling Read More
  • Hole CB-16-03 returned 0.526 g/t gold over 629.7 meters
  • Included within this wide 629.7 meter interval is 338 meters of 0.70 g/t gold
  • Also included 54 meters (from 88 to 142 meters) of 1.117 g/t gold and 122 meters of 0.965 g/t gold

 

View Presentation

Are you an investor in Aurora Cannabis $ACB.ca ? Check out recent news regarding supply agreement with Namaste $N.ca #Vapes #Vaping

Posted by AGORACOM-JC at 10:40 AM on Tuesday, October 3rd, 2017

Nlogo

  • World’s Largest E-Commerce B2C Vaporizer Company
  • Record Monthly Sales in August of C$1.43M
  • Revenue for AUG 31 2018 expected $24.9 million
  • Owns 26 e-commerce stores in 20 countries
  • Distribution centers in North America, South America, Europe and Asia Pacific
  • Aggressively expanding into manufacturing and wholesaling
  • Product acquisition agreement announced with Aphria Inc.

Monarques Gold $MQR.ca announces the closing of the transaction to acquire all the mining assets of Richmont Mines $RIC in the province of Quebec

Posted by AGORACOM-JC at 11:17 AM on Monday, October 2nd, 2017

 

To be the leading explorer and developer of gold properties in the Val D&Or / Abitibi Camp (CNW Group/Monarques Gold Corporation)

Monarques becomes a gold producer with the Beaufor Mine and significantly increases its mining assets and gold resources

Monarques’ new profile

  • A gold producer with the Beaufor Mine (gold production of 19,562 ounces in 2016; source: Richmont 2016 annual report) located in one of the best mining jurisdictions in Canada.
  • A large portfolio of mining assets, including the Beaufor Mine, two mills (Camflo and Beacon), two advanced projects (Wasamac and Croinor Gold) and six promising exploration projects covering more than 240 km2 in the Abitibi region.
  • Upside potential and leverage to the gold price with the Wasamac project.
  • NI 43-101 proven and probable reserves of 162,790 ounces of gold, measured and indicated resources of 919,069 ounces and inferred resources of 2.2 million ounces (see table below).
  • Over 150 highly experienced, qualified employees joining the Monarques team.
  • A strong financial position, with over $12 million in cash and cash equivalents.

MONTREAL, Oct. 2, 2017MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V: MQR) (FRANKFURT: MR7) is pleased to announce the closing of the transaction with Richmont Mines Inc. (“Richmont”) (TSX – NYSE: RIC) pursuant to which Monarques acquires all of Richmont’s mining assets in Québec (the “Transaction”) in exchange for the issuance of 34,633,203 common shares of the Corporation to Richmont. The assets acquired consist of all of Richmont’s mineral claims, mining leases and mining concessions, including the Beaufor mine, the Chimo, Monique and Wasamac properties and all the issued and outstanding shares of Usine Camflo Inc., as well as all mills, buildings, structures, equipment, inventory and property.

MONARQUES GOLD ANNOUNCES THE CLOSING OF THE TRANSACTION TO ACQUIRE ALL THE MINING ASSETS OF RICHMONT MINES IN THE PROVINCE OF QUEBEC (CNW Group/Monarques Gold Corporation)

“We are extremely proud to have completed this transaction, which is a transformative one for Monarques,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “This consolidation of Monarques and Richmont assets in the Abitibi region has been part of our growth plan for nearly a year, and we are very pleased that the transaction has taken place. First and foremost, it will enable us to become a gold producer in what we consider to be one of the best mining districts in the world, and to advance our mining projects so that our Camflo and Beacon mills can one day operate at full capacity. This transaction also has the advantage of providing Monarques with a skilled workforce that has the expertise, knowledge and motivation to take us to the next stage of our development. In the coming quarters, our objective will be to optimize the productivity of the Beaufor Mine and further develop our other gold projects.”

Monarques reserve and resource estimates post-transaction*

December 31, 2016

Tonnes
(metric)

Grade
(g/t Au)

Ounces

Beaufor Mine1

Proven Reserves

32,000

6.77

7,010

Probable Reserves

171,500

6.87

37,910

Total Proven & Probable Reserves

203,500

6.86

44,920

Measured Resources

53,000

6.27

10,700

Indicated Resources

300,000

7.57

73,000

Total Measured & Indicated Resources

353,000

7.37

83,700

Inferred Resources

36,000

6.44

7,500

Note: the Mineral Resources exclude the Mineral Reserves

Croinor Gold Mine2

Proven Reserves

68,625

6.25

13,789

Probable Reserves

472,909

6.85

104,081

Total Proven & Probable Reserves

541,534

6.77

117,870

Measured Resources

80,100

8.44

21,700

Indicated Resources

724,500

9.20

214,300

Total Measured & Indicated Resources

804,600

9.12

236,000

Inferred Resources

160,800

7.42

38,400

Note: the Mineral Resources include the Mineral Reserves

Simkar Gold property3

Measured Resources

33,570

4.71

5,079

Indicated Resources

208,470

5.66

37,905

Total Measured & Indicated Resources

242,040

5.52

42,984

Inferred Resources

98,320

6.36

20,103

Wasamac property4

Measured Resources

1,923,218

2.87

177,485

Indicated Resources

4,839,237

2.44

378,900

Total Measured & Indicated Resources

6,762,455

2.56

556,385

Inferred Resources

25,686,159

2.58

2,130,532

TOTAL

Proven & Probable Reserves

162,790

Measured & Indicated Resources

919,069

Inferred Resources

2,196,535

Note: part of the Mineral Resources, or more precisely 117,870 ounces, comes from the Croinor Gold deposit and is included in the Mineral Reserves

* The Mineral Reserve and Resource parameters and estimation methods for the Beaufor Mine and the Wasamac property are presented in the annex.

1 Source: Technical Report on the Mineral Resource and Mineral Reserve Estimate of the Beaufor Mine as of December 31, 2016, Val-d’Or, Québec, Canada, Bernard Salmon, Eng., Louis Nkoy Manda Mbomba, B.A.Sc., Eng.

2 Source: Monarques prefeasibility study (October 7, 2014) and resource estimate (November 6, 2015)

Source: MRB et Associés (January 2015)

4 Source: Technical Report on the Wasamac Project, May 11, 2012, Rouyn-Noranda, Québec, Canada, Jacques Gauthier, ing., Yves Galarneau, ing., Marc Lavigne, M.Sc., ing., Daniel Adam, Ph.D., geo., Stéphane Lance, ing. and Colin Hardie, P. Eng., Roscoe Postle Associates Inc.

 

The current Mineral Resource estimate on the Wasamac property is based on a technical report dated May 11, 2012, whereas the Mineral Resource estimate disclosed in the Corporation’s press release dated September 11, 2017 was based on an internal estimation made by Richmont.

Related transactions

1)  Closing of the $6,525,251 private placement and conversion of the 18,643,573 subscription receipts for 18,643,573 common shares of the Corporation

On September 11, 2017, the Corporation announced the conclusion of a non-brokered private placement of 18,643,573 subscription receipts (the “receipts”) priced at $0.35 each for gross proceeds of $6,525,251. Following the closing of the Transaction, the receipts were exchanged for 18,643,573 common shares of the Corporation. Richmont subscribed for $2.0 million of receipts, the Fonds de solidarité FTQ subscribed for $1.0 million and Probe Metals Inc. (“Probe Metals”) subscribed for $0.6 million.

All securities issued pursuant to the private placement are subject to a hold period of four months and one day. Shares issued to Richmont through the conversion of the receipts are subject to a one-year lock-up provision. Following the closing of the Transaction and the private placement, Richmont will hold 40,348,203 common shares of Monarques or 19.9% of the issued and outstanding common shares of the Corporation.

The Fonds de solidarité FTQ is a development capital investment fund that channels the savings of Quebecers into investments. As at May 31, 2017, the organization had $13.1 billion in net assets, and through its current portfolio of investments has helped create and protect 186,440 jobs. The Fonds is a partner in more than 2,700 companies and has 645,664 shareholder-savers. Please visit fondsftq.com for more information.

2)  Closing of the US $4 million credit facility with Auramet International LLC

Monarques closed the senior secured gold loan agreement with Auramet International LLC providing the Corporation with access to a US $4 million credit facility. The loan will be repaid in 12 installments of 287 ounces of gold commencing on October 31, 2017, and expiring on September 30, 2018, inclusive. The loan is guaranteed by the Corporation’s subsidiaries, namely X-Ore Resources, Beacon Gold Mill Inc. and Camflo Mill Inc.

3)  Closing of the Courvan property sale to Probe Metals

Finally, the Corporation closed the transaction with Probe Metals relating to the sale of Monarques’ full interest in the Courvan property in consideration for a cash payment of $400,000.

Appointment of Marc-André Lavergne as Vice-President, Operations

The Corporation is pleased to announce the appointment of Marc-André Laverge, Eng., as Vice-President, Operations.

Mr. Lavergne has over 14 years of experience in mine engineering with various companies, including Cambior, Agnico Eagle and North American Palladium. In November 2011, Mr. Lavergne joined Richmont Mines as General Superintendent at the Francoeur Mine, and has held various management positions within the Corporation, including at the Francoeur and the Beaufor divisions. In December 2013, he was named Manager, Beaufor and Monique Divisions. Mr. Lavergne holds a Bachelor degree in Mining Engineering from the Polytechnique School of Montreal.

“We welcome Mr. Lavergne to his new position. Marc-André has solid mining expertise, having moved up the ranks at Richmont over the past six years, including managing the Beaufor and Monique mines. The experience he has gained over the course of his career will be a great help to us in achieving our objectives at the operational level,” said Mr. Lacoste.

The technical and scientific content of this press release has been reviewed and approved by Kenneth Williamson, M.Sc., P.Geo, the Corporation’s qualified person under National Instrument 43‑101.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corporation (TSX-V: MQR) is an emerging gold producer aiming to achieve ongoing growth through its large portfolio of high-quality gold projects in the Abitibi mining camp in the province of Quebec, Canada. The Corporation currently has over 240 km² of gold properties (see map), including the Beaufor Mine; the Croinor Gold (see video) and Wasamac advanced projects; the Camflo and Beacon mills; as well as six promising exploration projects. It also offers toll milling services through its 1,200 tpd Camflo mill. Monarques Gold has over 150 qualified employees that oversee its production, development and exploration activities and benefits from a strong financial position.

Forward-Looking Statements

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

Annex 1: Beaufor Mine Mineral Reserve and Mineral Resource Estimate

In 2016, the Mineral Reserve and Mineral Resource estimates for the Beaufor Mine were performed by the Beaufor Mine staff under the supervision of Bernard Salmon, P.Eng. and Louis Nkoy, P.Eng., employees of Richmont Mines and qualified persons pursuant to NI 43-101. The database, factors and parameters used in the determination of the Mineral Reserves and Resources disclosed in this press release are based on the following technical report: Technical Report on the Mineral Resource and Mineral Reserve Estimate of the Beaufor Mine as of December 31, 2016, Val-d’Or, Québec, Canada, Bernard Salmon, Eng., Louis Nkoy Manda Mbomba, B.A.Sc., Eng.

The title, authors and issuer of the 43-101 report that was filed on SEDAR on March 24, 2016, are: Technical Report on the Mineral Resource and Mineral Reserve Estimate of the Beaufor Mine as of December 31, 2015, Val-d’Or, Québec, Canada, Jessy Thelland, B.Sc.,Geo, Louis Nkoy Manda Mbomba, B.A.Sc., Eng., Richmont Mines Inc.

The technical and scientific content of these technical reports has been reviewed and approved by Kenneth Williamson, M.Sc., P.Geo, the Corporation’s qualified person under National Instrument 43‑101.

To Monarques’ knowledge, there are no new important scientific or technical information that would result in  incorrect or misleading information relating to the Mineral Resource or the Mineral Reserve.

Mineral Reserve Table

Beaufor Mine

Tonnes
(metric)

Grade
(g/t Au)

Ounces

Proven Reserves

32,000

6.77

7,010

Probable Reserves

171,500

6.87

37,910

Total Proven & Probable Reserves

203,500

6.86

44,920

 

Proven Mineral Reserves

At the Beaufor Mine, Proven reserves are based on ore blocks developed from drifts or raises up to a maximum of 8 metres from these openings. The level of accuracy of the economic evaluation in the estimation of reserves is that of a feasibility study.

Probable Mineral Reserves

The Mineral Reserve estimate in the Probable category is based on an economic study in order to determine the economically mineable part of an Indicated Mineral Resource. At the Beaufor Mine, Probable Reserves extend to a maximum of 20 metres from drilling data. Dilution and mining recovery rates are included in the reserve estimation.

Mineral Reserve Parameters and Estimation Methods

  • CIM definitions were followed for Mineral Reserves.
  • Mineral Reserves are estimated at a variable cut-off grades ranging from 4.14 g/t Au (long hole) to 5.63 g/t Au (room-and-pillar).
  • Mineral Reserves are estimated using a long-term gold price of $CAD 1,500 per ounce.
  • A minimum horizontal vein width of 2.40 m was used.
  • A specific gravity value of 2.75 t/m3 was used.
  • Stope dilution factors of 10% for long-hole and 5% for room-and-pillar were used.
  • A dilution grade at 0.0 g/t was used.
  • Mineral Reserve Recovery factors of:
    • 100% for long-hole stopes for which permanent pillars have been laid out and excluded from Mineral Reserves.
    • 90% for long-hole stopes for which permanent pillars have not been laid out.
    • 80% for room-and-pillar stopes for which permanent pillars have been laid out and excluded from Mineral Reserves.

Mineral Resource Table

Beaufor Mine

Tonnes
(metric)

Grade
(g/t Au)

Ounces

Measured Resources

53,000

6.27

10,700

Indicated Resources

300,000

7.57

73,000

Total Measured & Indicated Resources

353,000

7.37

83,700

Inferred Resources

36,000

6.44

7,500

Note: the Mineral Resources exclude the Mineral Reserves

 

Mineral Resource Classification

Measured Mineral Resources at the Beaufor Mine were confirmed by underground excavation and are extended over 8 metres from these openings following the dip of the zone. Indicated and Inferred Mineral Resources are defined by drilling and the polygons extend to a maximum of 20 metres of the drill hole.

Mineral Resource Parameters and Estimation Methods

  • CIM definitions were followed for Mineral Resources.
  • Mineral Resources are estimated at variable cut-off grades ranging from 4.14 g/t Au (longhole) to 5.63 g/t Au (room-and-pillar).
  • Capping of high grades values at 68.5 g/t Au, and capping of drill hole intersections at 16.5 g/t over 2.40 m.
  • Mineral Resources are estimated using a long-term gold price of $CAD 1,500 per ounce.
  • A minimum horizontal vein width of 2.40 m was used.
  • A specific gravity value of 2.75 t/m3 was used.
  • Polygonal method as estimation method.
  • Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.

A technical report supporting the above mineral resource estimate for the Beaufor Mine will be filed on SEDAR within 180 days of this announcement.

Annex 2: Wasamac Property Mineral Resource Estimate

This mineral resource estimation for the Wasamac property was carried out by Daniel Adam, geo., Ph.D., General Manager, Exploration and Sustainable Development, an employee of Richmont Mines. He is a qualified person and member of a professional association as defined by the R 43-101 requirements.

This mineral inventory was realized in accordance with the recommendations and regulations as set by the R 43-101 committee. The classification of the Mineral Resources follows the general guidelines as adopted in December 2005 by the “CIM” (Canadian Institute of Mining) council.

The title, authors and issuer of the 43-101 report that was filed on SEDAR on May 11, 2012, are: Technical Report on the Wasamac Project, Rouyn-Noranda, Québec, Canada, Jacques Gauthier, ing., Yves Galarneau, ing., Marc Lavigne, M.Sc., ing., Daniel Adam, Ph.D., geo., Stéphane Lance, ing. and Colin Hardie, P. Eng., Roscoe Postle Associates Inc.

The technical and scientific content of the technical report has been reviewed and approved by Kenneth Williamson, M.Sc., P.Geo, the Corporation’s qualified person under National Instrument 43‑101.

To Monarques’ knowledge, there are no new important scientific or technical information that would result in incorrect or misleading information relating to the Mineral Resource.

Mineral Resource Table

Wasamac Property

Tonnes
(metric)

Grade
(g/t Au)

Ounces

Measured Resources

1,923,218

2.87

177,485

Indicated Resources

4,839,237

2.44

378,900

Total Measured & Indicated Resources

6,762,455

2.56

556,385

Inferred Resources

25,686,159

2.58

2,130,532

 

Mineral Resource Classification

Resources classification was based on the criteria proposed in BSI’s 2010 statistical review of the Wasamac project. For the Main Zone: Measured resources correspond to the blocks interpolated in the first pass of Kriging (15 metres x 7 metres x 10 metres search ellipse with a minimum of 6 and a maximum of 12 composites and a maximum of 3 composites from the same hole); Indicated resources correspond to the blocks interpolated in the second pass of Kriging (30 metres x 12 metres x 50 metres search ellipse with a minimum of 6 and a maximum of 12 composites and a maximum of 3 from the same hole); Inferred resources correspond to the blocks interpolated in the third pass of Kriging (50 metres x 15 metres x 75 metres search ellipse with a minimum of 2 and a maximum of 12 composites and a maximum of 3 composites from the same hole). Similar parameters were used for zones 1, 2 and 3.

Mineral Resource Parameters and Estimation Methods

The Mineral Resource estimate was done with all the assays results of the 2011 drilling program as of December 1, 2011 and after the reception of a re-interpretation of the continuity of the mineralized bodies in the Wasamac shear zone.

The method and parameters used for the resource estimation were as follows:

  • Interpretation and construction of the 3D envelope of the mineralized zones were done using section and plan views. Mineralized intercepts were coded by zone and all the intercepts, surface DDH, underground DDH and face, were verified.
  • A high grade assay capping value of 35 g/t Au was used as defined in the statistic review done by Belzile Solutions Inc. (“BSI”) in 2010.
  • 2 metre composites were created in all the mineralized intercepts and coded by zone. For the creation of the composites, the software was asked to create them in order to use the whole intercept, so the composite length was adjusted to make all intervals equal.
  • The Mineral Resource was estimated by 3D block modeling (Block dimension of 4 m x 4 m x 5 m wide) with Gems software and using 2 m composites. All of the underground developments and stopes were modeled in three dimensions. All the blocks located inside the stopes and developments were eliminated from the model (tonnage and grade equalled to zero).
  • Grade estimation was done by Ordinary Kriging using parameters based on a statistical study realized by BSI.
  • A density of 2.8 t/m3 was considered for tonnage calculation in mineralized zones. This tonnage factor is consistent with historical records and with the URSTM laboratory’s measurements completed in 2010 and 2011.
  • Grade estimation was verified and compared with an inverse square distance interpolation in Zone 2.
  • Inside the modeled mineralized zones, criteria to define the Mineral Resource was a minimum of 4 m true width with a minimum average grade of 1.5 g/t of gold. This cut-off was established using a gold price of US$1,200/oz. For the Measured and Indicated Resources of the Main Zone and Zone 1, a 10 metre pillar was left around all of the old stopes with the exception of 3 small stopes in the lower part of the Main Zone which were discarded from the Mineral Resources. To calculate the Mineral Resources inside each zone, lines were traced on a longitudinal section (to define blocks with at least a minimum true width of 4 metres and a minimum average grade of 1.5 g/t) and used to clip the blocks. Only the blocks inside the line were put into the Mineral Resources.

A technical report supporting the above mineral resource estimate for the Wasamac property will be filed on SEDAR within 180 days of this announcement.

To be the leading explorer and developer of gold properties in the Val D&Or / Abitibi Camp (CNW Group/Monarques Gold Corporation)

SOURCE Monarques Gold Corporation