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St-Georges Announces Permits Have Been Obtained for Iceland #Gold Projects

Posted by AGORACOM-JC at 4:35 PM on Tuesday, May 5th, 2020
  • Received permits, and thus, the green light for its 2020 seasonal work programs for the Vopnafjordur and Trollaskagi gold and polymetallic licenses in Iceland
  • Icelandic mineral licensing authority, Orkustofnun, has today approved the work programs submitted by the Company

Reykjavik – May 5, 2020 St-Georges Eco-Mining Corp. (CSE:SX) (CNSX:SX.CN) (OTC:SXOOF) (FSE:85G1) is pleased to announce that it has received the permits, and thus, the green light for its 2020 seasonal work programs for the Vopnafjordur and Trollaskagi gold and polymetallic licenses in Iceland.

The Company announced on April 24, 2020, that it expected to be able to do work in June and July within the licenses. The Company submitted the work programs for approval on March 31, 2020.

The Icelandic mineral licensing authority, Orkustofnun, has today approved the work programs submitted by the Company.

Covid-19 Impact Assessments

The Icelandic government has further eased its Covid-19 restrictions. The pandemic is expected to have a limited impact on the work programs scheduled to commence shortly.

ON BEHALF OF THE BOARD OF DIRECTORS

“Vilhjalmur Thor Vilhjalmsson”

Vilhjalmur Thor Vilhjalmsson
President and CEO

About St-Georges

St-Georges is developing new technologies to solve some of the most common environmental problems in the mining industry.

The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

Sealing the Deal: The Rise of #Blockchain-Powered Trade Finance Platforms $SX $SX.ca $SXOOF $IDK.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 12:29 PM on Tuesday, July 24th, 2018
  • China has led the way in terms of harsh regulations to quash cryptocurrencies like Bitcoin
  • They were the first country to institute blanket bans on ICOs and exchanges, and have never taken to the decentralized and liberal freedoms that comes from cryptocurrencies.

However, that does not mean that China is opposed to the potential revolutionary technology that comes from cryptocurrencies and their underlying base — blockchain. In fact, China is building toward being a nation that separates the decentralized cryptocurrencies from the underlying blockchain.

But, in the latest calls from regulators, the bullishness on blockchain has come under some scrutiny as banking regulators have said that it would be dangerous to mythologize blockchain technology. In a similar vein, another regulator from the People’s Bank of China has reiterated the hard ban on ICOs, stating they will “crush” these operations.

It is confusing to try to understand China’s position on the entire cryptocurrency space as it stands. When they put forward their bans in 2017, it might have looked like it was making a complete withdraw from anything to do with blockchain and Bitcoin. But their subsequent change in attitude to blockchain, with the president, Xi Jinping praising blockchain on March 30 — and news that they are developing their own national digital currency, suggested by a patent filed for a digital wallet on June 26 — makes one question China’s real feelings toward Bitcoin.

What is even more confusing is that the recent downplaying of blockchain, which has been highly regarded in the country, seems to be sending mixed messages. But, it could well be a way to ensure this revolutionary technology does not sweep up the citizens in a wave of hype, which could jeopardize the technology’s true potential.

China’s history with Bitcoin and blockchain

China’s association with Bitcoin has been stormy from the outset. As soon as things started to get a little more serious in terms of mainstream adoption in the latter months of 2017, the Chinese government cracked down severely.

It began with an ICO ban on Sept. 4, as China’s central bank said ICOs are illegal and asked all related fundraising activity to be halted immediately. They issued one the strongest regulatory challenges and set a specific trend for other countries on ICOs.

Soon after the ban, rumors started circulating that the government would be blocking access to exchanges within the state’s borders. Then, on Sept. 15, the rumors were realized as the regulators said that all exchanges must close by Sept. 30.

It was a hammer blow to the Chinese cryptocurrency economy. However, it was not enough to kill it off completely as traders were still managing to get around the bans and blockade to the exchanges.

Finally, China was able to make itsknockout punch when it erected its firewall on February 5 that blocked foreign crypto exchanges from being used in the country. Since then, China’s national currency — the yuan — has been reportedly only making up 1 percent of the global cryptocurrency transactions — whereas in 2017, Chinese exchanges accounted for over 90 percent of the global crypto industry.

The move to blockchain without Bitcoin

This clampdown was not because China was thinking cryptocurrencies couldn’t work, or that blockchain was not a good technology, it was more based on issues of control in the Socialist Republic.

China has strick capital control rules and has been fighting to keep money in the country for a long time. With the popularization of Bitcoin, it was suddenly much easier for citizens to anonymously — and through a decentralized system — get money out of the country.

But with the central bank and the government effectively quashing Bitcoin and other cryptocurrencies which they could not control, it turned its attention to the power of blockchain technology and all it can offer to a country like China, which is on the forefront of technology and the Fourth Industrial Revolution.

In fact, on May 30, Chinese president Xi Jinping said he considers blockchain as part of China’s technological revolution. This was reiterated when the state-controlled TV channel, CCTV, said that blockchain is 10 times more valuable than the internet.

“The new generation of information technology represented by artificial intelligence, quantum information, mobile communication, Internet of Things and blockchain is accelerating breakthroughs in its range of applications.”

Even looking at Alibaba — China’s version of Amazon — and its attitude toward blockchain over Bitcoin, there are some striking similarities. Jack Ma and his entire conglomerate have spouted the positives of blockchain but have shied away from the decentralized cryptocurrencies.

Boosting blockchain and controlled digital currencies

These statements by people as important as the president seemed to show that China was not looking to shut its doors on blockchain technology, but rather to be in control of it. This became even more evident with the news emanating that the central bank would be creating its own digital token.

On March 9, Governor of the People’s Bank of China (PBoC) Zhou Xiaochuan seemingly outlined the banking sector’s attitude toward cryptocurrencies. He stated that the bank is in no rush to create their own token, but it would be inevitable — and, in the same breath, quashed Bitcoin as a payment system.

“We do not currently recognize Bitcoin and other digital currencies as a tool like paper money, coins and credit cards for retail payments. The banking system does not accept it.”

Downplaying blockchain

So, it would appear that China, its central banks and even its major companies all agree that they have no use for decentralized, uncontrollable blockchains and cryptocurrencies but see blockchain technology as the future and state-run digital tokens as inevitable.

Still, there is the downplaying of the potential of the blockchain, especially in a tech-orientated country like China.

Fan Wenzhong, the head of the international department of the China Banking and Insurance Regulatory Commission, has warned against “mythologizing” blockchain technology, adding that it is hard to call it a revolution.

It seems to be a strong juxtaposition from one of the central bank’s regulators, to suddenly start downplaying blockchain, especially after embracing it since the ban on cryptocurrencies.

However, there is an important line that came from the central bank and its governor, Zhou Xiaochuan:

“If blockchain technologies spread too rapidly, it may have a big negative impact on consumers. It could also have some unpredictable effects on financial stability and monetary policy transmission.”

Herein lies the crux of the central bank’s relationship with blockchain technology as it stands in China at the moment. On one hand, China realizes the potential of block; but on the other, rushing its development in a place like China might ignite a wave of hype that could ultimately derail its potential.

This position is also reiterated by a few citizens in China, who operate with cryptocurrencies and can see first hand what the banking sector is trying to do with its downplaying.

A social construct

Casper Wong, from Goldford Venture — working with blockchain startups and incubation projects across China, Hong Kong, and the rest of Asia — told Cointelegraph:

“Wenzhong is saying this [about the dangers of mythologizing blockchain] because it has generated too many bubbles in the market already. If there is to be a healthy market for blockchain, it needs to be step by step.

“The problem with the cryptocurrency market in China is that it is very fast, I would estimate there are over 20 million crypto investors in the country currently.”

He goes on to mention that the banking system in China might also be fearful of blockchain technology making them obsolete, so instead of letting the whole thing run wild, the central bank would rather build it up slowly and have it be based on their controls.

“It’s the issue all over the world, because blockchain has the potential to destroy the whole banking system. It conflicts with the existing system. And specifically in China, I think the problem right now is the potential for it all to [become a] bubble, so the government officials want to develop it steadily. But the point is they are not banning blockchain, they are encouraging it.”

His sentiments were echoed by Wei Chun Chew, a business analyst for Y3 technologies in Shanghai:

“There’s always the idea that ‘Oh, blockchain and cryptocurrency are going to remove intermediaries, are going to change the world, etc.’ But we know that we are still eons away from that utopian world. But in China, many projects are still money-making schemes. These projects are sprouting all over China, trying to ride on the blockchain wave. But nothing substantial comes out of these projects.”

He goes on to look at the social makeup of the Chinese wealthy elite and just how easy it is for them to get carried away with blockchain projects and potential scams.

“If you can understand China now, a bulk of the wealthier population come from less educated populations who are able to earn their fortune either from the manufacturing boom or the real estate boom. The ban was partly to stop all the stupid money from pouring in to scam projects.

“And the central bank is not creating cryptocurrencies, but rather digital coins to complement their current system. Blockchain, when properly harnessed in certain aspects, will aid their governance and overall dominance over its people.”

Chew gives more insight into the daily lives of blockchain, Bitcoin, and cryptocurrency enthusiasts in China.

“The Chinese government is trying to tone it down. In late 2017 and early January, the words Bitcoin and Ethereum were a taboo in Chinese society. You didn’t see people talking about it on the street or on social media. Blockchain is the ‘appropriate’ word to use even now.”

Protecting and controlling the citizens

The central bank’s relationship with cryptocurrencies is pretty straightforward, but the way in which it is reacting to blockchain is causing some confusion — especially to outsiders and the media. However, looking at it from the perspective of the Chinese government in relationship to the people, it becomes more understandable.

China is a country of control and one where the government is in charge of protecting its people. They have stamped out Bitcoin and the like for the dangers they could potentially pose, but those dangers — scams and bad blockchain businesses — still exist.

Cointelegraph looked to reach out to a number of major cryptocurrency and blockchain ventures that still find their home in China, even with its hard-nosed attitude toward companies not backed by the state. Requests for information were either ignored or denied, giving real insight into the difficult relationship the regulators have with cryptocurrency and blockchain projects that are out of their control.

Blockchain may be the prefered term, but that word can still lead to hype and excitement which can be used as a tool for scams. For the government to tone down the blockchain space until it is ready to flourish could be another form of protection — as well as control.

Source: https://cointelegraph.com/news/sealing-the-deal-the-rise-of-blockchain-powered-trade-finance-platforms

Does the future of #RealEstate include #Blockchain technology? $SX $SX.ca $SXOOF $HIVE.ca $BLOC.ca $CODE.ca $AAO.ca $HPQ.ca

Posted by AGORACOM-JC at 11:47 AM on Friday, July 13th, 2018


Blockchain is the operating system that makes bitcoin work. Bitcoin, a digital currency, has been used to purchase real estate. (Gillian Flaccus/AP)

by Benny L. KassJuly 13 at 7:30 AM

Bitcoin is one of our new forms of money. Thousands of merchants now accept bitcoin payments. A Miami penthouse was listed for 33 bitcoin (valued at the time of listing at $544,500), and the seller refused to take any other currency. They were probably trying to avoid paying anything to the IRS.

What is bitcoin? The concept is so new that it wasn’t added to Webster’s Dictionary until this year: “a digital currency created for use in peer-to-peer online transactions.”

How does it work? Compare it to the operating systems for our iPhones. Blockchain is the operating system that makes bitcoin work. This column will attempt to explain Blockchain.

Let’s go back to Websters: Blockchain is “a digital database containing information (such as records of financial transactions) that can be simultaneously used and shared within a large decentralized, publicly accessible network.”

Perhaps a more understandable definition can be found in an IBM report called “Blockchain for Dummies”: “Blockchain is a shared, distributed ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible — a house, a car, cash, land — or intangible, like intellectual property, such as patents, copyrights, or branding. Virtually anything of value can be tracked and traded on a Blockchain network, reducing risk and cutting costs for all involved.”

[More Kass: What to do when a condominium organization has become disorganized]

For example, a couple of months ago, Vermont Gov. Phil Scott (R) signed a law allowing the creation of Blockchain-based limited liability companies. That law also requires a study on the use of Blockchain in insurance and banking. And the city of South Burlington, Vt., has started a pilot project to record title and ownership.

Why is it called Blockchain? It’s called that because it involves computerized “blocks.” Unlike paper ledgers that are typically pages long, when someone adds new information, a new block is created that links itself to previous ones. These blocks form a continuous chain, thus the name.

The best way to explain this complicated process is with a simple example, courtesy of Joseph Murray of the public accounting firm of Withum:

“Company A wants to purchase $500 worth of goods from Company B; this purchase would be included in one block on the Blockchain. The vendor, and other parties within the Blockchain, would then be notified of a payment of $500 in return for goods. This transaction is then confirmed by nodes within the Blockchain, and once the pre-required number of parties confirm the accuracy of the transaction, the $500 is moved from the customer’s bank account to the vendor. If there are not enough confirmations, meaning parties cannot agree that these transactions are accurate, the block is not validated and the transaction is not executed.”

Without Blockchain, there would be numerous emails, phone calls and lots of paperwork for this simple transaction.

And, unless carefully encripted, this $500 transaction might be available for everyone — including scammers — to see and act upon. In our example, both A and B hold what is known as a “wallet.” This is a private key that only you have. You can, of course, give me a public key to expedite the transaction, but you can limit the availability.

There is much more to Blockchain than can be presented in a short column. You have to learn about miners who create blocks for a fee; you have to understand “nodes” and “masternodes” to get a better idea of how this operating system really works.

What does it have to do with real estate? In 2016, Goldman-Sachs projected an annual $2 billion to $4 billion savings in the title insurance industry as a result of applying Blockchain to title examination. As discussed earlier, Vermont is in the forefront of trying to put title documents routinely in Blockchain, and the Swedish government recently started using Blockchain to register land and properties.

According to Lantmateriet — the Swedish land-ownership authority — land titles are already highly digitized and on a paperless system. However, despite the system, it still takes several months between signing a contract and finally registering a sale. With Blockchain, Swedish officials suggest, it could be just hours.

[More Kass: Should exceptions prove there are no rules on leasing condos?]

What are the potential real estate applications here in the United States? Clearly, it can be applied to buying and selling both commercial and residential real estate — and registration of ownership as is being developed in Sweden and Vermont. But any aspect of real estate which requires ledgers — such as property management — is also a prime candidate for Blockchain.

The title insurance industry is raising concerns that Blockchain alone is not an absolute panacea. “There is more to title than just the effective recording of documents,” said Steven Day, president of the American Land Title Association (ALTA). “There are covenants, easements, mortgages, leases, legal descriptions, on and on and on, that impact the title of a property. And many of these rights that impact the title are recorded within documents several steps back in the chain, and are not always adequately reflected in current recorded documents.”

The title insurance industry makes the point that a digital ledger will not detect a forgery. Nor can it identify a foreclosure defect — a defect which can make title unmarketable. Their position: Even though the Blockchain technology has a promising future to make current systems more productive, it can never provide a home buyer the protection offered with a title insurance policy.

The jury is still out on whether Blockchain is adequately secure and will reduce costs for all transactions.

Benny L. Kass is a Washington and Maryland lawyer. This column is not legal advice and should not be acted upon without obtaining legal counsel. Send questions to [email protected]

Source: https://www.washingtonpost.com/realestate/does-the-future-of-real-estate-include-blockchain-technology/2018/07/12/0a556a50-7bdf-11e8-aeee-4d04c8ac6158_story.html?noredirect=on&utm_term=.2322492d4715

Why #Blockchain, Why Now? $SX.ca $SXOOF $IDK.ca $AAO.ca $HPQ.ca

Posted by AGORACOM-JC at 10:17 AM on Friday, April 27th, 2018
  • Blockchains record trust like an atomic clock records time
  • Unlike trust, time marches ever forward and is irreversible 

Dante Disparte , Contributor

Burkley. Washington state. USA USA dollars bills in God we trust 29 December 2014. hoto by Francis Joseph Dean/Deanpictures) (Photo by Francis Dean/Corbis via Getty Images)

Blockchains record trust like an atomic clock records time. Unlike trust, time marches ever forward and is irreversible.  What if trust could be recorded in the same manner, with exactly the same accuracy and fidelity? Trust can be lost just as soon as it is gained because of our reliance on experiential, opaque and analog methods of recording it.  When someone says “trust me” it usually engenders doubt.  Blockchain technology can change that.  Each year for the last 18 years, Edelman, a global public relations firm, has issued a report called the Trust Barometer. While the study is a compelling snapshot in time of global attitudes and perceptions of trust in public and private institutions, the more interesting insights are gleaned by looking at this body of work longitudinally. By this measure, Edelman’s most recent Trust Barometer confirms the sentiments we have seen driving unprecedented outcomes in ballot boxes, on streets and in the market.

The surprising Brexit vote and the election of President Trump, which was a veritable trans-Atlantic echo where voters sowed the seeds of their distrust in status quo irrespective of the consequences, are two macro-level examples of the trust deficit.  Indeed, following the Brexit vote, search terms for “what is Brexit?” and more troublingly, “what is the EU?” spiked in the U.K., showing the combustible political mix of antiestablishment tendencies, blended with populism and two-speed economic recovery.  Many pollsters and analysts missed just how deep this wellspring of mistrust really is and only six newspapers in the U.S. were in favor of the antiestablishment candidate Trump. The erosion of institutional trust is borne, in no small measure, out of opacity, informational asymmetries and agency issues that prop up status quo and friction-laden institutions.  Other than climate change, extreme income inequality and pandemics, the global trust deficit may be one of the world’s direst challenges – noting that they are all interconnected.  The trust deficit is the wellspring that irrigates the seeds of political risk and social polarization reversing the course on globalization and multilateralism.

Against this complex backdrop, blockchains are no panacea, but with the right blend of leadership and institutional shifts from analog to digital, and eventually to decentralized structures, we can begin arresting the trust deficit.  Markets, customers, investors and other stakeholders have all grown tired of learning about the misdeeds of large organizations during rare glimpses of sunlight that creeps through the crevices. Recent examples include Equifax executives selling stock days after a massive breach was discovered that exposed nearly the entire U.S. workforce to a lifetime of identity and financial risk. The massive account rigging scandal at Wells Fargo is another recent example that conspired to fuel growing distrust and anger in the market. Companies and institutions are responding to this trust deficit in many ways, often with the opposite expected outcomes. Starbucks’ recent decision to close 8,000 its U.S. stores on May 29 in response to the wrongful arrest of two black patrons at a store in Philadelphia may be such an overreaction to regain trust. The slow and somewhat tone-deaf response from Mark Zuckerberg, Facebook’s media-shy CEO, following the Cambridge Analytica scandal, which may have had election-swaying impacts, certainly contributed to Facebook’s trust deficit.  Although counter-intuitively Facebook has enjoyed a 50% quarterly revenue gain, showing that the platform may be too big to avoid or there is a lag effect in the market.

This corporate trust deficit is not singularly a U.S. phenomenon, as the Volkswagen emission-rigging scandal confirmed the cynical view that in the pursuit of growth there is no triple bottom line.  Indeed, institutional misdeeds have shown that there may be no ethical lines at all in the pursuit of profit, power maximization and preservation.  From finance, to elections, to combating fake news or guaranteeing supply chain provenance, market participants are desperately searching for ways of asserting how trustworthy they are beyond corporate social responsibility, marketing initiatives and executive promissory statements. With the impressive wave of blockchain prototyping taking place in many sectors, the solution to this global trust deficit is beginning to see the light of day.  Indeed, some are beginning to argue – perhaps to blockchain’s detriment – that the mere mention of the technology confers a good housekeeping seal of trustworthiness – a veritable LEED certification of trust.

When blockchain, like the internet before it, fades to the background, it can begin changing the world.  For this to take place, many entrenched and centralized institutions, which have become the single points of failure in the global economy accruing an embarrassment of power and riches, will need to be transformed.  Blockchain will not take these bricks apart one by one, contrary to the whims of technology investors, crypto-utopians and speculators.  Rather, these groups will be forced to change by the growing trust deficit that is sandblasting the veneer from even the most sacrosanct institutions. If the internet created a world of low fiction communication, blockchain can create a world of low fiction value transfer, in no small measure because of the irrevocable way in which it records trust.

It is worth noting that bitcoin and the rise of cryptocurrencies as a trillion-dollar asset class in 2017, was spurred without the oversight of a central bank or monetary authority guaranteeing trust or market conduct. Code and the bitcoin blockchain achieved a level of trust that millions of people, thousands of regulators and hundreds of enforcement agencies around the world struggle to maintain – all in a fraction of the time, with a higher degree of security and an infinitesimally lower cost.  However, for the true impacts of this technology (like the internet before it) to take hold, the conversation needs to shift from how to why and the technology must recede. We are at the very crest of the blockchain hype cycle where there is a lot of sizzle, little steak and the occasional setback or indictments.  All of this denotes progress.

Unfortunately, entrenched centralized institutions from politics, business and civil society, have little interest in truly deconstructing their business models to withstand the trust age. This is a similarly perilous play as the traditional media firms that ignored the rise of their digital twins, or the box retailers that ignored the rise of Amazon – same outcomes, more efficient delivery.  Ever since the Bretton Woods system pegged the global economy to promissory statements made behind closed doors and affixed on physical currencies emblazoned with words like In God We Trust, trust became the world’s thrift.  This rules-based system is being challenged by the return of economic nationalism and trade wars.  Indeed, proto-currencies that predate their pecuniary and digital twins by many thousands of years relied on many of the same mechanics as the cryptocurrencies that are the latest offshoots of our need for trust-based value exchange.

The world is facing many deliberate and unintended distortions of our social, economic and political order.  In short, complex forces are arrayed against the institutions that sowed post-war stability and trust is the first casualty in this war.  Social media platforms, such as Twitter, which the U.S. president has come to rely on almost singularly to convey his political, military and economic messages, is rife with fake news inducing bots, which comprise nearly 50 million of the platform’s users driving an outsized volume of site traffic.  Facebook proved to be an efficient backdoor for micro-targeting the minds of millions of voters, further isolating people in information bubbles of their own “truth.”  An equally unprecedented wave of complex risks, from climate change to cyber threats, calls into question the value of citizenship in even the most powerful economies in the world.  Puerto Rico’s plight is very much the canary in the climate change coal mine.  60% of FEMA claims being denied to households in Puerto Rico due to challenges evidencing property ownership highlights the critical flaw of relying on paper-based analog records in a risk-prone digital world.  In this world, a dollar may be worthless, a vote uncounted, a politician unaccountable and a contract unenforceable.  Blockchain can bridge these gaps and shore up the erosion of trust.  To do this, adopting blockchain technology in large institutions that benefit from status quo is more about leadership and a frame of mind, than it is about technology or digital transformation.

Source: https://www.forbes.com/sites/dantedisparte/2018/04/26/why-blockchain-why-now/#db0fb1b4f428

St-Georges Eco-Mining $SX.ca $SXOOF Announces Amendment to the Letter of Intent Between its Subsidiary #ZeU Crypto Networks Inc. and Tiande $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 8:17 AM on Thursday, February 8th, 2018

  • Letter of intent dated January 12, 2018 relating to an asset acquisition between SX’s subsidiary, ZeU CLrypto Networks Inc. and Qingdao Tiande Blockchain Information Technology Co. Ltd. has been amended
  • Proposed acquisition is subject to a number of terms and conditions, including but not limited to, the completion of a concurrent financing not less than $10,000,000 and up to $30,000,000 that can be done in tranches and the receipt of all necessary regulatory, corporate and third party approvals

Montreal, February 8, 2018 / St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) announced today that its previously announced letter of intent dated January 12, 2018 relating to an asset acquisition between SX’s subsidiary, ZeU Crypto Networks Inc. and Qingdao Tiande Blockchain Information Technology Co. Ltd. has been amended. The general terms of the LOI, which referred to Qingdao Tiande Technologies Limited instead of Qingdao, were previously announced by press release dated January 14, 2018.

ZeU, Qingdao and Beijing Tiande Technologies Inc. (“Beijing” and collectively with Qingdao, “Tiande”) entered into the amendment to the LOI (the “Amendment”), which has extended the date by which the parties will conclude the execution of a definitive agreement on or around February 19, 2018 or such later date as may be mutually agreed upon by the parties. The proposed acquisition is subject to a number of terms and conditions, including but not limited to, the completion of a concurrent financing not less than $10,000,000 and up to $30,000,000 that can be done in tranches and the receipt of all necessary regulatory, corporate and third party approvals.

The Amendment also revised the consideration structure, such that the proposed Acquisition will now be settled through the issuance of 75,000,000 common shares of ZeU (each a “Share”) and 75,000,000 Share purchase warrants (each a “Warrant”) on Closing and an additional 75,000,000 Shares after the issuance of the 20th patent derived from the intellectual property and patent application acquired from Tiande. Each Warrant will be exercisable at a price of CND$1.00 for a period of three (3) years following the date ZeU completes a transaction pursuant to which its Shares will either be listed on a recognized stock exchange in North America, or will be exchanged for common shares of a reporting issuer listed on a recognized stock exchange in North America.

Frank Dumas, President & CEO of St-Georges and of ZeU Crypto Networks commented: “The Acquisition required an extensive due diligence effort and has its own particular challenges. We are happy with the current progress and we can now see the finish line ahead of us. Some elements that are ‘sensitive’ to third party sovereign entities increased the expected workload. The current proposal should allow Tiande to operate in China as an exclusive partner to ZeU, giving ZeU the exclusive ownership and right to develop and commercialize the technologies outside of China and would also call for the establishment of a “Canadian Intellectual Property (IP) Container” and a “Chinese Intellectual Property (IP) Container” allowing for a “Chinese Source Code” to be exclusively used in China without any possibility for North American oversight. In order to facilitate the due diligence requirement, Tiande is giving access to its Sandbox installation to third parties interested in running live tests with the ZeU protocol. Institutions that are considering subscribing to the current financing effort are welcome to use the Sandbox platform.”

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS, PRESIDENT & CEO

About St-Georges

St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.

The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

Compliance and medias contact: 514.295.9878

#Blockchain: A Very Short History Of #Ethereum Everyone Should Read $SX $SX.ca $IDK.ca #Blockstation $AAO.ca

Posted by AGORACOM-JC at 12:37 PM on Friday, February 2nd, 2018
  • Even those who are not familiar with blockchain are likely to have heard about Bitcoin, the cryptocurrency and payment system that uses the technology.
  • Another platform called Ethereum, that also uses blockchain, is predicted by some experts to overtake Bitcoin this year.

Bernard Marr , Contributor Opinions expressed by Forbes Contributors are their own.

AdobeStock

What is Ethereum?

Ethereum is an open-source, public service that uses blockchain technology to facilitate smart contracts and cryptocurrency trading securely without a third party. There are two accounts available through Ethereum: externally owned accounts (controlled by private keys influenced by human users) and contract accounts. Ethereum allows developers to deploy all kinds of decentralized apps. Even though Bitcoin remains the most popular cryptocurrency, it’s Ethereum’s aggressive growth that have many speculating it will soon overtake Bitcoin in usage.

How is Ethereum different than Bitcoin?

While there are many similarities between Ethereum and Bitcoin, there are also significant differences. Here are a few:

  • Bitcoin trades in cryptocurrency, while Ethereum offers several methods of exchange including cryptocurrency (Ethereum’s is called Ether), smart contracts and the Ethereum Virtual Machine (EVM).
  • They are based on different security protocols: Ethereum uses a ‘proof of stake’ system as opposed the ‘proof of work’ system used by Bitcoin.
  • Bitcoin allows only public (permissionless or censor-proof) transactions to take place; Ethereum allows both permissioned and permissionless transactions.
  • The average block time for Ethereum is significantly less than Bitcoin’s; 12 seconds versus 10 minutes. This translates into more block confirmations which allows Ethereum’s miners to complete more blocks and receive more Ether.
  • It is estimated that by 2021 only half of the Ether coins will be mined (a supply of more than 90 million tokens), but the majority of Bitcoins already have been mined (its supply is capped at 21 million).
  • For Bitcoin, the computers (called miners) running the platform and verifying the transactions receive rewards. Basically, the first computer that solves each new block gets bitcoins (or a fraction of one) as a reward. Ethereum does not offer block rewards and instead allows miners to take a transaction fee.

What are the advantages of Ethereum?

Proponents of Ethereum believe its main advantage over Bitcoin is that it allows individuals and companies to do much more than just transfer money between entities leading Bloomberg to write it’s “the hottest platform in the world of cryptocurrencies and blockchains” and companies such as JPMorgan Chase, Intel and Microsoft to invest in it.

Ethereum’s co-founder, Vitalik Buterin said, “I thought [those in the Bitcoin community] weren’t approaching the problem in the right way. I thought they were going after individual applications; they were trying to kind of explicitly support each [use case] in a sort of Swiss Army knife protocol.”

He envisioned a different way.

Buterin was introduced and intrigued by blockchain technology when he got involved in Bitcoin as a 17-year-old programmer in 2011 and co-founded Bitcoin Magazine. He started to imagine a platform that went beyond the financial use cases allowed by Bitcoin and released a white paper in 2013 describing what would ultimately become Ethereum using a general scripting language.

The key differentiator from Bitcoin was the platform’s ability to trade more than just cryptocurrency.

In 2014, Buterin and the other co-founders of Ethereum launched a crowdsourcing campaign where they sold participants Ether (Ethereum tokens) to get their vision off the ground and raised more than $18 million. The first live release of Ethereum known as Frontier was launched in 2015. Since then, the platform has grown rapidly and today there are hundreds of developers involved.

Ultimately, Buterin hopes Ethereum will be the solution for all use cases of blockchain that don’t have a specialized system to turn to.

Ethereum is still experiencing growing pains and suffers from some of the same issues that Bitcoin does primarily in its scalability. In 2016, $50 million in Ether was stolen by an anonymous hacker which resulted in questions about the platform’s security. This caused a split within the Ethereum community and it broke off into two blockchains: Ethereum (ETH) and Ethereum Classic (ETC).

There have been dramatic fluctuations in the price of Ether, but the Ethereum currency grew more than 13,000 percent in 2017. This tremendous growth is attractive to many investors, but the volatility makes other investors cautious.

It’s still a very young platform, but its potential and applications could be limitless. Ethereum’s infrastructure was enhanced over the last few years when it was challenged with security issues and since it’s less monopolistic than Bitcoin, it is more open to reform measures that might ultimately make it a superior solution to Bitcoin.

Bernard Marr is a best-selling author & keynote speaker on business, technology and big data. His new book is Data Strategy. To read his future posts simply join his network here.

Source: https://www.forbes.com/sites/bernardmarr/2018/02/02/blockchain-a-very-short-history-of-ethereum-everyone-should-read/2/#26dbb6664abc

St-Georges $SX.ca $SXOOF wholly own Subsidiary #ZeU #Crypto Networks Announces $20M Debenture Offering $IDKca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 7:55 PM on Sunday, January 7th, 2018

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  • Announced that its wholly owned subsidiary, ZeU Crypto Networks Inc., a private blockchain technology company, intends to sell $20,000,000 aggregate principal amount of 10.00% convertible unsecured debentures on a non-brokered offering basis
  • Frank Dumas, President and CEO of St-Georges Eco-Mining stated “This financing of ZeU Crypto Networks will allow St-Georges to significantly accelerate its global eco-mining and mineral commodity goals

Montreal, January 7, 2018 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) announces that its wholly owned subsidiary, ZeU Crypto Networks Inc. (“ZeU”), a private blockchain technology company, intends to sell $20,000,000 aggregate principal amount of 10.00% convertible unsecured debentures (“Debentures“) on a non-brokered offering basis (the “Offering“).

All Debentures are being sold at a price of $1,000 per Debenture, subject to a minimum subscription of $10,000. The Debentures will mature 24 months after their issuance (the “Maturity Date”) and will bear interest at an annual rate of 10.00%, calculated from date of issue, compounded quarterly and payable at the Maturity Date.

St-Georges (the “Company”) would like to provide additional information to a statement made in its press release on January 4, 2018. The Company stated that it has transferred the license acquired from Qingdao Tiande Technologies Inc., (“Tiande”) to its newly formed wholly owned subsidiary, ZeU Crypto Networks Inc. against the issuance of 20,000,000 common shares of ZeU.  The shares were issued at a book value of $0.10 per share. This information was missing from the press release.

Frank Dumas, President and CEO of St-Georges Eco-Mining stated “This financing of ZeU Crypto Networks will allow St-Georges to significantly accelerate its global eco-mining and mineral commodity goals (…) As previously announced, we are very excited about the acquisition of the blockchain technology license from Tiande and its transfer in ZeU, a pure-play blockchain transaction that advances our strategic objectives and which we expect will take on a life of its own in the near future,” added Frank Dumas. “With a successful completion of the Offering, we expect ZeU to be favorably positioned to monetize its newly acquired technology and seek out additional assets while analyzing corporate reorganization options.”

ST-GEORGES AND THREED CAPITAL TEAM UP

Further to our recent press release on December 31, 2017, in which the Company announced the addition of Sheldon Inwentash, Chairman and CEO Of ThreeD Capital (IDK:CSE) to our Advisory Board, St-Georges is pleased to announce that ThreeD Capital has agreed to introduce ZeU to its global network and blockchain ecosystem.

Mr. Inwentash stated “ThreeD Capital, through its wholly owned subsidiary, Blockamoto.io, has set a mandate to provide strategic advice to assist early stage blockchain solutions in reaching viability as quickly as possible.  ZeU Crypto Networks could represent the most disruptive protocol of the already disruptive blockchain industry.”

ADDITIONAL DEBENTURE TERMS

The Debentures will be convertible at the option of the holder into common shares of ZeU (“ZeU Shares“) at any time prior to the close of business on the Maturity Date at a conversion price (the “Conversion Price“) equal to the greater of: (i) $1.00, and (ii) if the date of any conversion is following the announcement by ZeU of a liquidity event (a “Liquidity Event”), the amount which represents the maximum permitted discount by an exchange to the transaction price assigned to each ZeU Share or resulting issuer on the occurrence of the Liquidity Event. Upon the occurrence of a Liquidity Event, ZeU may force the conversion of up to 25% of the principal amount of the then outstanding Debentures at the Conversion Price. ZeU may elect, from time to time, subject to applicable regulatory approval, to satisfy its obligation to pay interest on the Debentures (i) in cash, or (ii) by issuing the equivalent value in securities.

ZeU is not a reporting issuer and the Debentures will not be listed. Completion of the Offering will be subject to the acceptance and approval of the Canadian Securities Exchanges since it will represent a disposition of assets for SX.

The Debentures, and any ZeU Shares issuable upon conversion of the Debentures, will be subject to a hold period of four months and one after the later of (i) any respective Closing, and (ii) the date ZeU became a reporting issuer in any province or territory.

BLOCKCHAIN AND SMART CONTRACT TECHNOLOGY LICENSE

On January 4, 2018, the Company announced the signing of a significant, non-arm’s length blockchain and smart contract technology license agreement (the “License”), with Qingdao Tiande Technologies Inc., (“Tiande”). Tiande is led by world-renowned blockchain expert, Dr. Wei-Tek Tsai, who initiated the first academic laboratory dedicated to blockchain research and education in China at Beihang University’s School of Computer Science and Engineering.

Dr. Wei-Tek Tsai received his S.B. in Computer Science and Engineering from Massachusetts Institute of Technology (MIT) at Cambridge, MA in 1979, M.S. and Ph.D. in Computer Science from University of California at Berkeley in 1982 and 1985. He joined Arizona State University, Tempe, Arizona in 2000 as a full professor of Computer Science and Engineering in the School of Computing, Informatics, and Decision Systems Engineering. He became an Emeritus Professor in Dec. 2014.

He has authored more than 500 papers in software engineering, service-oriented computing,  cloud computing and blockchains. He travels widely and has held various professorships in Asia and Europe

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

 

FRANK DUMAS, PRESIDENT & CEO

 

About St-Georges

St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.

The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1.

For Press Release Inquiries: 514.295.9878 or [email protected]

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

St-Georges $SX.ca Updates Shareholders on Warrants Execution, #Crypto-Mining in #Iceland & #Lithium Processing $NNX.ca $OM.ca

Posted by AGORACOM-JC at 11:51 AM on Friday, November 24th, 2017

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  • Company updates its shareholders and stakeholders on the status of some of its initiatives and provide some clarity to recent recurring questions from the public

Montreal, Quebec / November 24, 2017 – St-Georges Platinum & Base Metals ltd (CSE: SX) (OTC: SXOOF) (FSE: 85G1) would like to update its shareholders and stakeholders on the status of some of its initiatives and provide some clarity to recent recurring questions from the public.

Warrants being executed

On November 3, the company notified certain warrants holders of its intention to accelerate the expiry date of certain warrants with an execution price of $0.04 issued in May 2016. Of a total of 7,250,000 warrants in circulation, the company has already processed or received execution notices from warrant holders representing 5,000,000 warrants for total proceeds of $200,000.

Lithium clay extraction technology

Many shareholders have made clear to management that they would like more disclosure on the current on-going lithium extraction technology research & development initiative. For competitive reasons, the Company is not able to fully disclose the mechanics of the technology being developed, which led some to form their own speculation with respect to the technology and our partners.

The analysis of the work done by the company metallurgists has convinced Company management of the necessity to file patents in the near future before fully disclosing all the details pertaining to this method of lithium extraction out of clay. However, other information can be readily disclosed; First, the technology is proprietary, it is not an improvement on other technologies developed by our partner Strategic Metallurgy Pty, or anything related to the revolutionary L-Max lithium extraction process owned by Lepidico (ASX:LPD). The process does not use liquid acid to leach the lithium out of the clay. A review of publicly disclosed private or public research program didn’t identify any other research using a similar approach. The tests currently done aimed at proving the capacity of this technology to extract in one mining circuit phase lithium chloride from the clays in their current stage as found in the Bonnie Claire Valley. The Company has enrolled the help of Dundee Sustainable Technologies as a contractor to run some of the tests in an independent laboratory environment.

Blockchain & Cryptocurrencies

On November 11, the company announced it had found a third-party escrow service company that had agreed to act as a facilitator to accept cryptocurrencies in our future private placements. The company also disclosed that some of its suppliers had agreed to receive payments in cryptocurrencies.

This announcement has generated questions, some of which can be addressed as follows: St-Georges is not moving its main business towards a blockchain or cryptocurrencies business model. However, the company has decided to leverage the presence on its board and in its management of individuals who are well versed on the subject, including one of our directors who published many papers on the subject for well-known scientific publication and runs a cryptocurrencies laboratory in China. The company was also contacted by other individuals and companies interested in being introduced to the entities in Iceland that can facilitate the implementation of crypto-mining operations. The company will review the potential of these opportunities with an independent committee of its directors, not involved in the blockchain space and will decide a course of action that should avoid conflict of interest, yet allow the company to monetize some of these opportunities.

King of the North Corp.

In the last month, the company announced the creation of a subsidiary with the focus of putting together a portfolio of potentially large mineral exploration projects. St-Georges contributed its Isoukustouc Nickel-Copper-Cobalt project to it. It also announced its intention to option the Hemlo North Limb project from Canadian Orebodies. The management of KOTN is currently reviewing other potential acquisitions, and if these reviews are positive, they should be communicated to the public in the near future. Some shareholders questioned the focus of St-Georges after the last announcement from KOTN and the management of St-Georges would like to clarify that KOTN was created in order to be managed as a separate entity, with its own exploration and financing objectives. St-Georges’ board of directors believe that this will allow St-Georges’ management to better focus on the remaining activities of the company.

Saguenay claims & Muscovite Mines

On November 13, St-Georges announced that it had acquired the 50% ownership of the Saguenay claims held by Quantum Numbers Corp. (TSX-V: QNC). Prior to this transaction, these claims were jointly-owned in equal proportion with St-Georges. The company intends to initiate some surface works on these claims in the next 10 days. St-Georges will also form an ad-hoc independent committee of directors to establish the best terms to acquire the core claims composed of 8 historical muscovite mines that are currently owned by Mark Billings and Frank Dumas, both of whom are officers and directors of the company, and their third partner who has no relationship with the company. The company expects to make some announcement within the next 10 days in regard to this proposed acquisition.

Other announcements

St-Georges’ management will be in London, U.K. for investor presentations next week from November 27th to December 1st in parallel with the “Mines & Money Conference’. Investors are welcome to contact the company to arrange a meeting. Other updates are expected before the end of the month.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS, PRESIDENT & CEO

About St-Georges

St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.

The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

St-Georges’ $SX.ca Subsidiary Kings of the North Planning Financing Effort that will Include #Cryptocurrencies #Bitcoin

Posted by AGORACOM-JC at 10:13 AM on Thursday, November 2nd, 2017

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  • Enrolled the services of a third party escrow service company, which will allow its subsidiary to secure a portion of its future financing in Bitcoins and other cryptocurrencies.

Montreal, Quebec / November 2, 2017 – St-Georges Platinum & Base Metals Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to inform its shareholders and stakeholders that the Company has enrolled the services of a third party escrow service company, which will allow its subsidiary to secure a portion of its future financing in Bitcoins and other cryptocurrencies.

That subsidiary, Kings of the North Corp. (KOTN), will be seeking to raise up to $5 million in financing, the timeline and the nature of which will be communicated at a later date. At this point, the company has received no firm offer and there is no guarantee such an offer would meet its expectations.

“As St-Georges intend to bring new technologies to the mining industry, the Company would also like to be a pioneer in the use of financial innovations, such as bitcoins and cryptocurrencies” commented Mark Billings, president of KOTN.

St-Georges also received interest from some of its main suppliers to be paid in Bitcoins. One such supplier, North Atlantic Mining Associates Ltd (NAMA), which is in charge of all the work of St-Georges’ Icelandic subsidiary, Iceland Resources EHF, has agreed to receive payments in Bitcoins for the coming drilling campaign. The Honorable Lord Timothy Razzall, NAMA Chairman commented: “NAMA is pleased to be part of this exciting development in Iceland. The project fits nicely with NAMA’s strategy of developing its construction and drilling business”.

ON BEHALF OF THE BOARD OF DIRECTORS

“Mark Billings

MARK BILLINGS, CHAIRMAN OF THE BOARD & PRESIDENT OF KINGS OF THE NORTH.

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company controls directly or indirectly all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi area. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

St-Georges’ $SX.ca Subsidiary Kings of the North Names Gerry Nicholls to its Board of Directors

Posted by AGORACOM-JC at 4:05 PM on Monday, October 30th, 2017

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  • Mr. Gerry Nicholls has joined the board of its wholly-owned subsidiary, ‘Kings of the North Corporation’
  • Gerry has more than 25 years’ experience in advocacy, in political campaign messaging and in media management with in-depth expertise in strategic planning and media relations

Montreal, Quebec / October 30, 2017 – St-Georges Platinum & Base Metals Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announced to its shareholders and stakeholders that Mr. Gerry Nicholls has joined the board of its wholly-owned subsidiary, ‘Kings of the North Corporation’.

Gerry has more than 25 years’ experience in advocacy, in political campaign messaging and in media management with in-depth expertise in strategic planning and media relations. Over the years Gerry has worked with a wide range of organizations in multiple countries, from Senatorial candidates in the United States to national branding campaigns. From 1985 to 2007 Gerry was Vice President Media and Communications for the National Citizens Coalition. He has been a guest speaker at numerous conferences sponsored by the Fraser Institute, the Alberta Law Society and the Institute for Liberal Studies. He has written numerous opinion editorials which have appeared in newspapers in the United States including the New Hampshire Union Leader and throughout Canada including the Globe and Mail, the National Post and the Toronto Star. He is also a sought after media commentator.

Mark Billings, president of the Kings of the North Corp., has asked Gerry Nicholls to advise the company on its communication strategy and on topics related to governmental affairs. Mr. Nicholls will complete the team already in place that includes Dr. Peter Smith Ph.D. and Ms. Neha Tally.

 

ON BEHALF OF THE BOARD OF DIRECTORS

“Mark Billings

MARK BILLINGS, CHAIRMAN OF THE BOARD & PRESIDENT OF KINGS OF THE NORTH COPORATION.

About St-Georges

St-Georges is developing new technologies to solve the mining industry’s biggest environmental problems. If successful, these new technologies would improve the financial bottom line of current mining producers and upgrade certain current known metal resources to economic status while addressing environmental and social acceptability issues.

The Company controls directly or indirectly all of the active mineral tenures in Iceland; it explores for nickel on the Julie Nickel Project , for industrial minerals on Quebec’s North Shore, and for lithium and rare metals in Northern Quebec and in the Abitibi area. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.