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AUGUSTA INDUSTRIES $ Normal Course Issuer Bid (NCIB) A Winning Move After Lock-Up Agreement $ $ $

Posted by Er at 9:12 AM on Wednesday, November 15th, 2017

Following the November 9th announcement of a Lock-Up Agreement for 32% of the company’s shares, Augusta has surprised the market announcing a NCIB whereas up to 17,340,061 common shares representing up to 10% of the Company’s public float will be purchased through an Agent and subsequently cancelled. Once again AAO is demonstrating its commitment to create shareholder value through the process of reducing the available shares on the open market.

Allen Lone, President and CEO of Augusta stated:

The Company believes that the purchase of the Shares will increase the proportionate interest of, and be advantageous to, all remaining security holders.”

Not only is this excellent news for existing shareholders, it could potentially lead a surge in price if recent examples of NCIB’s in the market are any indicator; especially considering the following are peers of AAO.v:

Spartan Energy (TSX SPE)

Announced NCIB buy back August 22nd when price was $5.11. It went as high as $7.37.                                         Spartan’s NCIB buy back was based on 5% of 175m outstanding or 8.7 million shares



Genworth MI Canada Inc  (TSX MIC)

Announced their NCIB buy back May 2nd when price was $34.45. Genworth went as high
as $44.81. Their NCIB buy back was based on 5% of 90.9m outstanding, equivalent to 4.59 million shares



Augusta Announces Normal Course Issuer Bid

Augusta Industries November 14th NCIB announcement for up to 17,340,061 common shares separates itself from its peers.  Not only is Augusta consuming for closure another 10% of the Company’s public float, it is sending a clear message to its current and prospective shareholders; the company is preparing itself for the market to take notice.  Augusta is removing more shares on a percentage basis at 10% than the 5% & 5% that  Spartan & Genworth each removed through their respective NCIB.

The AGM is December 29th

For more information about Augusta and the proposed Spin-Off, watch this interview with Allen Lone on AGORACOM. Northern Sphere Drills an Impressive 13.3 Grams Gold over 10.5 Metres $ $

Posted by Er at 2:24 PM on Tuesday, November 14th, 2017


  • Northern Sphere received 1st set of assays for its initial drill program at Scadding in Sudbury
  • Hole 17-03 Intercepted 13.3 Grams Gold over 10.5 Metres in a Chlorite Breccia with visible gold
  • Hole 17-06 encountered approximately 100 metres of mineralized chlorite breccia, intersecting a significant fault structure at 158m, mineralized quartz veining along with apparent mineralized felsics.
  • Eric Sprott holds an Insider Position in the Company
  • Helmed by Legendary Financier Sheldon Inwentash, CPA, CA., LL.D. (Hon)



Link to Nov 8th Press Release


Innolog (INHC:OTCBB) Army Contract Adds To Long List Of US Department Of Defence Contracts

Posted by AGORACOM at 12:33 PM on Thursday, December 20th, 2012

Investing in small-caps can be extremely rewarding if you can avoid the promotional hype and focus in on small-cap companies that actually deliver real results, to real customers.

Innolog is one of those companies.

Yes, they are an AGORACOM client so assume I am horribly conflicted … and take a look at the facts below for yourself … real products, real customers (US DoD) and real annual revenues ($5,000,000 +).  The fact that insiders hold > 70% of the shares tells you everything you need to know about their commitment.

Have a look.




BREAKING … Innolog (INHC) … Awarded Another Defence Contract … Adds To Long List of US Department of Defence Contracts ….

Innolog Announces New Subcontract Award

  • Announced that its wholly owned subsidiary, Innovative Logistics Techniques, Inc. received a subcontract award from PD Systems, Inc. to support the U.S. Department of Army
  • Contract is up to two years and will be based out of Chambersburg, PA at the Letterkenny Army Depot.
  • INNOLOG will provide support for labor, management, logistical and technical support services to augment the LEAD civilian and military workforce in recap and reset operations on military armored vehicles and military power generators.


  • US Army
  • US Navy
  • US Air Force
  • Lockheed Martin
  • 2012 Revenues (Year To Date) $4.06 Million
  • 2012 Revenues (Estimated) $5.2 Million
  • 2011 Revenues (Actual) $4.7 Million

60-Second Profile / Corporate Website / Hub on AGORACOM

Canadian Small-Cap Consolidation Continues – Pace Oil & Gas, AvenEx Energy, Charger Energy Amalgamate – Form Dividend Paying Small-Cap

Posted by AGORACOM at 11:06 AM on Thursday, December 20th, 2012

Canadian Small Cap Consolidation Continues - Image Courtesy Of

Pursuant to my theme that a Canadian small-cap catharsis is underway … and long overdue … take a look at the huge headline below.

Hats off to the management teams of all 3 companies for this great move.

Pace Oil & Gas, AvenEx Energy and Charger Energy to Combine and Form Intermediate Dividend Paying Corporation

Conversion of natural gas volumes to barrels of oil equivalent (boe) are at 6:1.

CALGARY, ALBERTA–(Marketwire – Dec. 20, 2012) –


Pace Oil & Gas Ltd. (“Pace”) (TSX:PCE), AvenEx Energy Corp. (“AvenEx”) (TSX:AVF) and Charger Energy Corp. (“Charger”) (TSX VENTURE:CHX) announce that they have entered into an agreement (the “Arrangement Agreement”) providing for the combination of Pace, AvenEx and Charger to form a dividend paying corporation to be named “Spyglass Resources Corp.” (“Spyglass”). Spyglass will have a balanced commodity profile and sustainable business model underpinned by 18,000 boe/d of stable, low decline oil and gas production and will be led by an experienced management team.

The merger will be completed through an amalgamation of the three parties (the “Merger”) on the basis of 1.30 Spyglass shares for each outstanding common share of Pace (the “Pace Shares”), 1.00 Spyglass share for each outstanding common share of AvenEx (the “AvenEx Shares”) and 0.18 Spyglass shares for each outstanding Class A share of Charger (the “Charger Shares”). The exchange ratios represent a value of $4.32 for each Pace Share, $3.32 for each AvenEx Share and $0.60 for each Charger Share based on the closing price for AvenEx on December 19, 2012.

In conjunction with the Merger, AvenEx has reached a binding agreement for the sale of its Elbow River Marketing business (the “Elbow River Sale”) for aggregate cash proceeds of $80 million, subject to regulatory approvals, customary closing conditions and adjustments. The Elbow River Sale is expected to close by mid-February 2013.

Spyglass will have approximately 129 million common shares outstanding upon completion of the Merger and, subject to receipt of the final approval of the TSX, will be listed on the TSX under the symbol “SGL”. Spyglass will be managed by the current Charger team, led by Tom Buchanan as CEO (former President and CEO of Provident Energy Trust) and Dan O’Byrne as President (former COO of Provident Energy Trust). The Board of Directors of Spyglass will consist of 8 members with nominees from each party including Randy Findlay as Chair, Dennis Balderston, Tom Buchanan, Gary Dundas, Mike Shaikh, Jeff Smith, Fred Woods and John Wright.

“We are very pleased to introduce a new dividend-paying intermediate oil and gas producer to the Canadian market,” said Tom Buchanan, Chairman and CEO of Charger. “The combined asset base features mature, low decline properties and a balanced commodity profile coupled with the light oil development opportunities needed to sustain the model. The management team has previously operated the majority of the assets that are being contributed to Spyglass and has a proven track record in respect of the execution, financial and operational discipline that is required to sustain a cash-distributing entity.”

Dividend Policy

Upon closing, Spyglass will implement a monthly dividend of $0.03 per share with a dividend payout of 35% to 40% of cash flow (approximately $46 million annual dividend) and a target all-in payout ratio (including $80 to $90 million of sustaining capital expenditures) of approximately 100% of cash flow. The dividend policy will be reviewed monthly and is based on a number of factors including current and future commodity prices, foreign exchange rates, an active commodity price hedging program, status of current operations and future investment opportunities. Each dividend declaration will be confirmed by Spyglass in a monthly news release. Spyglass will consider implementing a dividend reinvestment plan (DRIP) following completion of the Merger.

Key Attributes and Sustainability Criteria of Spyglass

Each of Pace, AvenEx and Charger believe that the Merger will create immediate and long term shareholder value through the introduction of an income and growth company of scale with a low decline, balanced commodity profile and a sustainable dividend. The business model is supported by the following key attributes: (more…)

AGORACOM Hits 320 Million Page Views On 5 Year Anniversary

Posted by AGORACOM at 11:14 AM on Thursday, November 1st, 2012

I would first like to welcome all of our new CEO’s and IRO’s added to our list since our last newsletter in October.

We are very pleased to announce that AGORACOM continues to hit significant traffic milestones in the small-cap space, with more than 319,500,000 page views and 32,000,000 visits to AGORACOM in our first 5 years of tracking traffic through Google. These traffic figures are even more meaningful given the significant macro economic issues affecting small-cap stocks during the financial crisis of 2008 – 2009, as well as, market turmoil over the past year.


Having identified that small-cap companies were being hurt by unmonitored and frankly, crazy, postings on popular but unmonitored sites around the web, AGORACOM was built on the philosophy of focusing on:

  • High-Quality Small-Cap Companies
  • High-Quality Small-Cap Discussion

More than just lip service, we implemented the first and only investor monitored small-cap community that gave high-ranking investors the ability to delete posts containing spam, profanity and unfounded rumors – all the things that used to hurt serious small-cap companies.

As a result, AGORACOM now ranks amongst the top 0.3% of all websites on the planet.

As always, here is the official Google Analytics snapshot for the period



1.  Serious Small-Cap Investors

In addition to the traffic numbers above, each small-cap investor reads an average of 9.8 pages on every visit and stays on the site for 8:20 per visit … these small-cap investors are engaged in serious research.

2.  Faster, Cheaper, Way Better

Our programs are cheaper than traditional investor relations … while directly reaching your target market of investors within 24 hours of starting your program.



If a picture is worth 1,000 words, TSX companies will love what the image says below.  TSX Companies Can Now Post Investor Relations Messages To AGORACOM & Simultaneously Post To The Following Tier-1 Finance Sites.  No other IR solution on the continent can combine this audience with our service levels.



More than anything else, TSX Venture companies need to raise awareness.  The massive AGORACOM network puts your company in front of millions of investors, generating ~ 1,000 prospective investor visits per month.

More importantly, with our new compliant Shares For Services program, you can conserve valuable cash that is already allocated for your operations.  Win-Win.


I thank-you for reading and trust you found this information to be helpful.  If you’re ready to step into real and sustainable online investor relations for 2013 and beyond, please contact me below.

Best Regards,

George Tsiolis, LL.B

Founder & President

AGORACOM Investor Relations




PIMCO Shorts US Debt, Goes To Cash – What Does This Mean For Small-Cap Investors?

Posted by AGORACOM at 8:46 AM on Monday, April 11th, 2011

The biggest news for small-cap investors to digest – by far – is that PIMCO has not only sold all of its US Debt Holdings, it has gone short.  Find my comments below via Twitter (reverse chronology) and my follow on comments below on how this plays out (theory vs. practically):

WHAT DOES THIS MEAN – Theoretically?

On it’s surface (I stress SURFACE), Bill Gross, Founder of PIMCO, is telling us that QE3 isn’t coming and nobody will be stepping into to replace US Fed purchases of US Gov’t debt.  That will lead to – at the very least – a drop in Debt prices, so he is getting the hell out of Dodge.  Simple enough … until you get to my practical comments below.

First, here are the theoretical (I stress THEORETICAL) follow-on effects:

INTEREST RATES – Going higher, just a matter of degree

$USD – Should strengthen with rising rates

EQUITIES – Should weaken for two reasons: A) Corporate expenses rise on higher borrowing rates = lower profits; B) Investors sell stocks to raise cash. Small-cap resource stocks fall in unison.

GOLD / SILVER – Should weaken against the US Dollar at the very least, potentially against most major currencies

US REAL ESTATE – Bombs Away .. my real estate theory since October 2009 remains intact

WHAT DOES THIS MEAN – Practically?

Unfortunately, we have learned over the last decade that economic theory can no longer be relied upon.  After all, interest rate easing that began after 9/11 was never intended to crash real estate markets, plunge the planet into a debt crisis and lead to record nominal gold prices … yet here we are despite the “brightest” minds at the US Fed, White House and Central Banks around the world.

What truly happens isn’t so linear because market manipulation has taken the natural ebb and flow out of all markets – debt, equities, commodities, currencies.  Prices are no longer determined by value – they are determined by confidence or a lack thereof.  As such, what should practically happen is the following:

CONFIDENCE CRISIS – When US Fed purchases of US debt vanishes and isn’t replaced by the market, a crisis of confidence will commence.

INTEREST RATES – Will move incrementally higher, then accelerate as US debt prices free fall

$USD – Will initially strengthen with rising rates and bond nibbling, then drop as investors realize bond/confidence risk is too great.  Swiss Franc and Canadian Dollar will do very well.

EQUITIES – Double Dip probability rises dramatically. Small-cap resource stocks take an initial hit, followed by massive rebound on gold, silver moves (see below).

GOLD / SILVER- Will initially weaken by as much as 20% /30% respectively on early $USD strength, then rocket towards all-time inflation adjusted highs of ~ $2,200 and $150 within 12 months

US REAL ESTATE – Bombs Away .. my real estate theory since October 2009 remains intact


I’d like to think so – but I don’t think so for two reasons:

1] Obvious Reason – I could be very wrong and a number of other outcomes could occur.  This time, I think I’m right – but see #2 below

2]  The Fed / White House / Wall Street Financial Matrix Isn’t Stupid – Despite what many smart people have to say, the powers that be aren’t as stupid as they seem.  They just don’t give a damn about your long-term interests. Despite damage to the current and long-term US economy, I firmly believe they have executed their plan perfectly in their best interests – and they’re not finished ….


It’s coming … 100% … only this time it will require the financial pain I have outlined above in order to politically justify it … but as I posted on March 30th, QE3 Will Be Delayed, Not Terminated.

At that point, the game plan resumes … but not before Bill Gross and PIMCO step back into US Debt, go long and make a killing on their cash thanks to rising debt prices, which leads to falling rates, much weaker $USD, stabilized stock markets, MUCH higher gold/silver, MUCH higher junior resource stocks.

Until then, plan accordingly.


Summary Of Reverse Merger Conference

Posted by AGORACOM at 9:09 PM on Tuesday, June 16th, 2009


AGORACOM was once again a proud sponsor of the Reverse Merger Conference held this year at the Mandalay Bay Resort & Casino in Las Vegas, June 11 & 12.  I didn’t have time to blog from the conference but I did manage to post some useful information via Twitter that you can see here.

Perhaps the most important tweet was my very first one where I stated as follows:


It signaled to me that Web 2.0 had finally begun its penetration into the world of Reverse Mergers and small-cap investment banking.  It was also quite timely given the fact I was presenting the Web / Online Investor Relations Speaker Workshop called, “SEC Greenlights Blogs, Twitter and RSS Feeds For Investor Relations…But What Are They?”

The workshop was the initial step in teaching bankers, fund managers and public companies about the advantages of  incorporating social media into their intelligence gathering to cut through clutter, get the information they need and connect with the smartest people on the planet.

Despite the fact it was the last presentation before lunch, the room was pretty full and – more importantly – alive with audience participation.  In order to avoid the “he’s the internet guy and I could never do what he does” syndrome,  I brought industry stalwart and early Web 2.0 adopter David Feldman of the Reverse Merger & SPAC Blog.  David discussed his overwhelmingly positive blogging experience, which opened up the floor to some great questions from the audience.

It was so well received that I am going to publish a webcast of the keynote and re-broadcast it here as soon as the good people from DealFlow Media send over the audio files.  In addition, I am also going to produce a series of short videos on iGoogle, Twitter, Blogs and RSS Feeds.


Overall it was an excellent conference despite the fact attendance was down due to market conditions.  Personally I didn’t mind it because it served to eliminate the weak players in the space and gave everyone in attendance more time to network with the best of the best.  Naturally, I’d prefer a bigger, more robust audience as a result of a healthy marketplace but the occasional quality over quantity dynamic does not hurt.

Look for those videos to begin in the next 10 days or so.  In the meantime, for those of you that have not seen my previous keynotes at DealFlow Media events over the past 3 years, you can watch my previous presentations using the following links:

PIPEs Conference 2006 – E-Mail Is Dead. How To Conduct Great IR In A Web 2.0 World

PIPEs Conference 2007 – How To Use The Web To Find New Investors And Turn Them Into An IR Machine

PIPEs Conference 2008 – Best IR Practices During Market Turmoil


AGORACOM Sponsors 2009 Reverse Merger Conference

Posted by AGORACOM - Mitch at 3:05 PM on Tuesday, June 2nd, 2009


AGORACOM is proud to announce we will once again be sponsoring the Reverse Merger Conference being held this year at the Mandalay Bay Resort & Casino in Las Vegas, June 11 & 12.

 This conference is for serious professionals in the business of alternative IPO transactions. The two-day event covers all of the technical issues relating to reverse mergers, self-underwriting, and other alternative routes to the public market.

I will once again be providing the Investor Relations keynote speech.  This year, my speech will be called, “SEC Greenlights Blogs, Twitter and RSS Feeds For Investor Relations…But What Are They?” 

This speech is a ‘must attend’ if you are:
1. Public Companies and IRO’s:  You’ve ignored them as irrelevant and for having quirky names – but with tens of millions of investors using them and the SEC green lighting them for investor relations, you now need to understand how social media tools such as Twitter, Blogs and RSS Feeds can supercharge your investor relations.
2. Fund Managers and Investors:  Learn how to use social media to cut through clutter, connect with the smartest people around the world and create an international business network never before possible.

You can also watch my previous presentations using the following links:

PIPEs Conference 2006 – E-Mail Is Dead. How To Conduct Great IR In A Web 2.0 World

PIPEs Conference 2007 – How To Use The Web To Find New Investors And Turn Them Into An IR Machine

PIPEs Conference 2008 – Best IR Practices During Market Turmoil

Once again, we are very proud to be a part of these great Deal Flow Media Events and encourage you to participate if you fall into one of the following categories:

·       Structured Finance and PIPE Investors

·       Investment Bankers

·       Investor Relations Professionals

·       Private Company Management Teams

·       Accountants

·       Attorneys

·       Equity Analysts

·       Venture Capitalists

See you in Las Vegas!



AGORACOM Sponsors 2009 Vancouver Cambridge Conference

Posted by AGORACOM - Mitch at 2:55 PM on Tuesday, June 2nd, 2009


AGORACOM is very proud to announce that we are once again sponsoring a Cambridge Conference. This time, we are sponsoring the 2009 World Resource Investment Conference on at the Vancouver Convention Centre in Vancouver, BC on June 7th and 8th.

The 2009 event promises to be an incredible conference for both investors and public companies as it features an world class line-up of speakers, covering all types of direct investments in resource public companies, speculative investing, resource exploration, oil & gas, world outlook, investment strategies and more.

AGORACOM is ideally situated in the middle of all the action at booth #131 so if you plan to attend please stop by.


In addition, I will also be conducting a Speaker Workshop on Sunday, June 7th at 12:30 PST called, “Learn To Use Blogs, Twitter and RSS Feeds To Make You A Power Investor”. For years, CEOs and IROs have ignored them as irrelevant and having quirky names, but with tens of millions of investors using them, public companies incorporating them and even the SEC green lighting them for investor relations, you now need to understand how social media tools can supercharge your market knowledge.
This workshop will teach you how to use social media to cut through clutter, get the information you need directly to you and connect with the smartest people on the planet.

Hosted by: George Tsiolis, Founder of

Panelist: Peter Grandich, Chief Commentator of

See you in Vancouver!


AGORACOM Ranks 57 In Profit 100 Ranking of Canada’s Fastest-Growing Companies

Posted by AGORACOM - Mitch at 10:31 AM on Monday, June 1st, 2009

TORONTO, June 1st, 2009AGORACOM North America’s largest online investor relations community and social networking website for serious small and micro cap retail investors, proudly announces that it has been selected by PROFIT Magazine as one of Canada’s fastest growing organizations.

Measured against a running five-year revenue growth, AGORACOM ranks 57th overall in the 21st annual PROFIT 100 ranking of Canada’s Fastest-Growing Companies by PROFIT Magazine using results reported for the period between 2003-2008.

“We are thrilled to have our company achieve the #57th position on the PROFIT 100, and honoured to have received this recognition in spite of a tough economy,” says AGORACOM Founder George Tsiolis. “We are especially proud of the fact we are a Web 2.0 organization that has demonstrated a successful business model beyond mere advertising, Web 2.0 is not just about Facebook, YouTube and social networking sites. We are using the web to deliver real services to real customers, while generating real revenues and profits. I hope others Web entrepreneurs can follow our lead.”

In 2008 over 1.3 million retail investors from more than 200 countries visited 7.9 million times to read 96 million pages of small-cap news and information.

“It was clear as day to me the investor relations model for small-cap public companies was inefficient and broken. Small public companies needed a faster, more cost-efficient way to communicate their message to current and prospective shareholders around the world. The Web was the solution,” added Tsiolis. “Today, that vision has translated into millions of investors communicating with hundreds of small-cap companies via a moderated online community. I want to deeply thank our clients for believing and now benefiting from this great model. We pioneered the space, are still the leaders and now expanding into Europe, China and a mobile platform, so I look forward to being part of The PROFIT 100 for many years to come. Finally, this achievement serves as a real credit to our management team, employees and families, all of whom have sacrificed so much to make this happen.”

Ranking Canada’s Fastest-Growing Companies by five-year revenue growth, the PROFIT 100 profiles the country’s most successful growth companies. Published in the June issue of PROFIT and online at, the PROFIT 100 is Canada’s largest annual celebration of entrepreneurial achievement.

“The PROFIT 100 are an inspiration to entrepreneurs at all stages of growth, from startup to major corporation,” says Ian Portsmouth, editor of PROFIT. “Their business practices and product innovations are exemplary of how businesses can succeed in uncertain times”.


AGORACOM is North America’s largest online investor relations community for small-cap companies. We’ve partnered with the world’s biggest Internet companies, including Globe Investor, Yahoo, AOL, Google and Blackberry to market our clients to a massive audience of new small-cap investors. Over 300 small-cap public companies and their CEOs have trusted AGORACOM and our online investor relations model to reach millions of current and prospective small-cap investors from around the world. No rumours, profanity, stock bashing or hyping. Our traffic ranking is above the top 0.5% of all websites around the world. Visit AGORACOM online at or follow us on Twitter at

About PROFIT Magazine:

PROFIT: Your Guide to Business Success, is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For more than 25 years, Canadian entrepreneurs across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them increase their revenues, boost their profitability and get the recognition they deserve for generating positive economic and social change. Published six times a year by Rogers Publishing Ltd., PROFIT is distributed almost exclusively to the chief executives of companies with 5 to 250 employees and annual revenue of $1 million to $25 million, reaching 306,000 readers across Canada. Visit PROFIT online at



Mitchell Fanning

Director of Marketing / Communications


George Tsiolis, LL.B