Agoracom Blog

Sanjay Gupta Discusses Possibilities, Challenges of Medical Marijuana

Posted by AGORACOM-JC at 9:47 AM on Thursday, October 9th, 2014
Dr. Sanjay Gupta at IOP

Dr. Sanjay Gupta, Chief Medical Correspondent at CNN, spoke about the potential of medical marijuana during an Institute of Politics forum event on Wednesday evening. The conversation was moderated by Dr. Staci Gruber, an Associate Professor of Psychiatry at Harvard Medical School.

 

CNN Chief Medical Correspondent Dr. Sanjay Gupta discussed the possibilities and challenges in expanding medical marijuana at the Institute of Politics on Wednesday.

The John F. Kennedy Jr. Forum event, moderated by Harvard Medical School associate professor Staci A. Gruber, comes just two days after the Harvard-affiliated McLean Hospital announced a “landmark new program” examining medical marijuana. The program will “explore the potential impact of medical marijuana on cognition, brain structure and function,” according to the announcement, and was funded by a $500,000 gift from best-selling crime writer Patricia Cornwell.

Gupta started off the conversation by discussing his “about-face,” referring to the well-known 2013 CNN column in which he apologized for misrepresenting marijuana to the American public.

“I realized that I had in my own way probably dismissed many patients as malingers who were just trying to get stoned,” Gupta said. “And there are a lot of those people. But there are also a lot of very, very legitimate patients as well for whom not only I realized that medical marijuana was working for them, it was working for them when nothing else had.”

He discussed how he afterwards looked at the evidence and found a “very distorted picture” of marijuana in the medical world, with a disproportionate number of studies “designed to find harm.” Gupta highlighted the stigma around supporting medical marijuana as a major challenge limiting scientific research on the topic.

Gruber then shared a clip from Gupta’s documentary “Weed,” highlighting the story of Charlotte Figi, a five-year-old suffering from severe epilepsy. Charlotte and her family had tried several toxic anti-epileptic drugs—but none of them worked, and Figi was still having around 300 seizures a week.

Medical marijuana was ultimately the solution to Figi’s condition, and, as Gupta emphasized, Figi’s story is “emblematic of [the story] of hundreds of families.”

Families like Figi’s, he pointed out, are “medical marijuana refugees”: they can now gain access to medical marijuana in Colorado but can lose their children and be put in prison for drug trafficking if they attempt to leave the state.

“I think it’s interesting to see how his viewpoint changed,” Zarin I. Rahman ’18 said. “Maybe we all need to be exposed to these families that he was, to maybe change our mind on this as well.”

Gupta repeated throughout the evening that the “policy has outpaced the science.” The states, he said, are moving forward without waiting for the science, and the issue is only compounded by the fact that the “policies and the laws we have in [the US] make it challenging for the science to get done.”

The important thing to do at this point in the legalization process, Gupta concluded, is to let marijuana, like any other medicine, “stand on its [own] merit scientifically.” When more scientific studies have been conducted, he said, when that “takes away some of the stigma surrounding this [issue], we can more easily get to the point where we can establish the thresholds” for marijuana use.

Source: http://www.thecrimson.com/article/2014/10/9/sanjay-gupta-medical-marijuana/

CLIENT FEAUTRE: Newnote (NEU: CSE) Canada’s Only Publically Traded Bitcoin Company

Posted by AGORACOM-JC at 12:44 PM on Wednesday, October 8th, 2014

Why Newnote Financial?

  • Pioneering innovative crypto-currency related software products and services geared at this growing global market
  • Positioned as a leader in delivering opportunities for companies and businesses wishing to participate in the Bitcoin economy while continuing to create value for our shareholders and stakeholders
  • Developingits own philanthropic crypto-currency, opened a datacenter for Bitcoin mining, secured over 100 terahashes for its cloud hashing services, secured a Bitcoin ABM and is launching its own Bitcoin exchange in short order.

Recent Highlights

  • Announced it has been retained by Silver Phoenix Resources Inc. (CSE: SP) to develop the worlds first Net Smelter Return (NSR) backed crypto-currency
  • Successfully development and launch of the first open-source gold-backed alternative crypto-currency, commissioned by Anthem Vault Inc. Anthem Vault is a leading technological innovator in the bullion markets and precious metals dealer offering fractional investment in one-kilo gold bars and COMEX-approved 1,000 oz. silver bars
  • Sold 44% of its 110 terahash cloud hashing capacity in four weeks, representing approximately $78,000 in gross sales
  • Entered into a strategic partnership with Ackroo Inc. (CSE: AKR), a loyalty and rewards technology and services provider. The companies will pool resources to develop integration of Newnote’s crypto-currency technology with Ackroo’s gift card, loyalty and rewards solution
  • Entered into a strategic relationship with Brisio Innovations Inc. (CSE: BZI), to help develop and implement a Bitcoin Virtual Currency payment system for Brisio’s Good e-Reader Appstore
  • Announced the successful development and launch of the first open-source gold-backed alternative crypto-currency, commissioned by Anthem Vault Inc. Anthem Vault is a leading technological innovator in the bullion markets and precious metals dealer offering fractional investment in one-kilo gold bars and COMEX-approved 1,000 oz. silver bars.

Dedicated bitcoin mining Colocation Data Center

  • Secure underground Canadian facility is designed to handle the need for power and cooling for even the most powerful mining equipment.
  • Facility runs on 100% renewable energy, and has world-class security and energy infrastructure.
  • Miners can host their energy intensive mining equipment, which company will install in our facility, and they can remotely manage and mine Bitcoin or various altcoins of their choosing.

Growing network of ABM machines will allow people to conveniently buy bitcoin using their local fiat currency

Comapny ABM is quick and flexible. Some key advantages:

  • Fiat to Bitcoin in fifteen seconds
  • Accepts notes from over 200 countries
  • Supports leading exchanges, wallets and price feeds
  • Coded and audited by network security experts
  • Intuitive and simple user interface

Physical security is a priority, and the ABM has an internal steel vault that can be securely bolted to wall, stand, or countertop.

Charity Coin

  • Bringomg a new source of revenue for global charities.
  • When CryptoAid generates a coin, part of the currency will go to the miner and part goes to a pool of charities chosen by the CryptoAid community.

12 Month Chart

Uragold And Fancamp Sign Final Agreement Regarding The Acquisition Of 32 Claims Covering The Section Of The 6.5 Km Long Historical Beauce Paleoplacer Gold Channel Not Owned By Uragold

Posted by AGORACOM-JC at 10:58 AM on Wednesday, October 8th, 2014

Montreal, Quebec / October 8 2014 / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that it has signed a definitive written Agreement with Fancamp Exploration Ltd. (“Fancamp”) (TSX Venture: FNC) regarding the acquisition of 32 claims encircling Uragold’s Beauce Placer Gold Project located in the municipality of Saint-Simon-les-Mines in the Beauce region of southern Quebec.

Uragold’s original Beauce paleoplacer project, 5 claims situated between the Rang Chaussegros and the Rang Gustave, covered only twenty-six percent (26%) of the length of the paleo-placer gold channel. When the transaction closes, Uragold’s claim block will cover the full 6.5 km long paleo-placer gold channel.


Click Image To View Full Size
Figure 1. This figure shows the paleo-placer identified by Beauce Place Company in 1959 (Orange); Uragold’s original Beauce Claims (Blue); mineralized zones where Uragold delineated an Inferred Resource in March 2014 (Thick Orange); and the Fancamp Claims subject to the Letter of intent (Red).

The Beauce Placer Project Overview:

The property is located southeast of Beauceville and 3 km northeast of Saint-Simon-les-Mines, in the Gilbert River Valley (in the Appalachians of southern Quebec) where the discovery of an egg-sized gold nugget in the river sands was made in 1846. News of this find attracted hundreds of prospectors who panned just about every stream, brook and river in the area. Two of the largest recorded gold nuggets found in Canada came from the Gilbert River, in areas now covered by Uragold. In 1866 J. Kilgour found a nugget weighing 52 oz. on the north branch of the Gilbert River; and in 1867 Mr. MacDonald found a nugget weighing 45 oz. in the same general area.

By 1880, the profitable properties were taken over by larger mining companies, and gold was mined intermittently in various tributaries of the Chaudiere River (into which the Gilbert River flows). Unfortunately, legal challenges between the old Seigneurial rights owners, landowners and the Mining Companies created such a hindrance to the development of gold projects in the region that almost all work stop by 1900. The result was that prospectors and the mining Companies moved their attention elsewhere in Quebec and in Canada.

In 1957, Mr. M. J. Boylen formed the Beauce Placer Mining Company. The Company drilled the area to estimate the volume and gold content of the buried placers. By 1959, they had defined a drilled historical resource of 168,952 Au oz (12,978,710 m3 @ 0.405 g/m3) (June, 1959 – GM08785) on a paleo-channel striking from the Rang St-Charles through to Rang Delery, Rang Chaussegros, Rang St-Gustave all the way to Rang 6. Parts of the paleo-channel were mined from 1959 to 1964 using dragline and dredging operations. Some of this mining was conducted, on the western part of the Original Uragold Property. Despite a significant production of 56,000 oz. gold, the operations ceased somewhere in 1963/4 because of technical problem.

On the section of the deposit previously mined by The Beauce Placer Mining Company, the unpublished gold production data for the dredging and drag line operation from 1959 to the early 1960s and their 1958-59 exploration reports mentioned that:

This infers that the actual gold grade recovered during dredging was roughly six times (x6) the suggested grade derived from the Beauce Placer Mining Company drilling programme.

This point was emphasised by Rose (1959) who in relation to the proposed dredging by the Beauce Placer Company at the time stated: -

“…Gold obtained in the drill samples has been coarse and in a number of holes small nuggets were found. In estimating volumes and values these nuggets have been included. When the gold is coarse it usually follows that actual dredging recoveries are higher than the drill estimates.”

In March 2014, the Uragold technical team concluded, after having reviewed all the technical data available derived from 30 boreholes (7 recently drilled sonic boreholes and 23 historical boreholes from work done in the 80′s) located only on Uragold original claim blocks, that there was enough recent and historical information to disclose an Inferred Polygonal Resource on the Claims block controlled by Uragold.

Following the signature of the letter of intent with Fancamp, the Uragold technical team reviewed all the technical data available derived from 90 boreholes now located on the new Uragold claim blocks (7 recently drilled sonic boreholes and 83 historical boreholes from work done in the 80′s). From this recent and historical information, a new historical Polygonal Resource was calculated, and a new resource potential was estimated for the Beauce Placer.

It must be emphasised that any grade/ tonnage calculation at the Beauce Project will be fraught with difficulty. Key amongst the problems with the Beauce (and many other gold projects) is ore grade variability. The grade can and will change from almost nothing to a value of several grams per cubic metre within a very short distance.

Due to the nugget effect and the clear disparity between drilled and mined gold grades at the Beauce, the Uragold technical team believes that gold volumes contained in the deposit will be larger than indicated by the historical drilling. However, until the completion of additional drilling that can validate the historical data, the only way to quantify and divulge the historical information, while taking into consideration the nugget effect, is to look at the historical Polygonal Resource as a guideline for a new potential exploration* target range.

Making the assumption that recovered gold could be up to six times (x6) the historical Polygonal Resource figure (as per the data derived from the historical mining figures) suggests that the gold potential for the entire deposit now controlled by Uragold could range between 61,000 ounces (2,200,000 m3 @ 0.87 g Au/m3) and 366,000 ounces** (2,200,000 m3 @ 5.22 g Au/m3) using the x6 multiplier.

*Potential quantity and grade are conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will results in the discovery of a mineral resource.

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

While the presence of significance quantities of visible (placer) gold in the region is a fact, the source/s of these gold showings has not yet been identified. Studies by Uragold of the auriferous basal till and the underlying saprolite suggest a close proximity source of gold, and since the acquired claims cover an extensive area of the Gilbert river valley this increases the chances that the unknown Bellechasse / Timmins type deposit mentioned in our March 27, 2014 press release will be found on Uragold claims.

Subject to regulatory approval, the Uragold and Fancamp definitive agreement transaction contains the following salient points:

  1. 1.Uragold will acquire the 32 claim block contained in the Appalachian Properties that surrounded the Uragold Beauce Property (herein, collectively the “Claims”) (“The Acquisition”) through:
    1. a.As consideration for the transfer and the sale of the Claims and related assets to Uragold, Uragold will issue, at the closing an amount equal to 8,000,000 Uragold Units. Each Unit will be comprised of 1 common share and 1 common share purchase warrant (the Warrant”) of Uragold.
    2. b.Each full Warrant will entitle Fancamp to purchase one common share of the capital stock during a period of 60 months from the date of the issuance of the Units. Each Warrant shall entitle Fancamp to purchase one (1) additional common share of Uragold at a price of C$0.20 per share during the first 24 months from the date of issuance of the units, at a price of C$0.30 from the start of the 25th month until the end of the 48th month, and at a price of C$0.40 per share at the start of the 49th month until the end of the 60th month.
  1. 2.Contemporaneously with the signing of the definitive Agreement:
    1. a.Uragold will make cash payment of C$25,000 to Fancamp within six (6) months of the Signing of the definitive Agreement.
    2. b.Uragold will finance C$400,000 worth of exploration work on the Claims over the next 4 years, under the following schedule, Year 1: C$50,000, Year 2: C$75,000, year 3: C$100,000 and year 4: C$175,000.
    3. c.Uragold has granted Fancamp a three and one half percent (3.5 %) Gross Metal Royalty on any gold production extracted from the 32 Claim block acquired by Uragold.
  2. 3.Fancamp and Uragold have signed a Covenant regarding the sale of Uragold shares held by Fancamp.
    1. a.Included in the Covenant is a Standstill agreement whereby Fancamp agrees not to sell any of its Uragold shares (“Standstill”) during a twelve (12) month period (“Standstill Period”) starting on the day of the issuance of the Uragold Units to Fancamp.
    2. b.The Covenant also includes a Change of Control Clause whereby in the event that a Change of Control event occurs at either Parties, then either the Fancamp Standstill Period will be automatically increased by thirty-six (36) months or a new thirty-six (36) months Standstill Period will start, or in the case that the change of control occurs at Uragold, then the standstill agreement will lapse.
    3. c.So long as Fancamp owns at least ten percent (10%) of the issued and outstanding Uragold Shares, Fancamp can have one nominee elected as a director to the Uragold board of directors.
  3. 4.Fancamp intends to nominate Mr. Peter H Smith to the Uragold Board.

Peter H. Smith PhD, P.Eng. is a Director and founder of Fancamp Exploration Ltd. and is presently Chairman of the Board and interim President. He has been a Director of Fancamp Exploration Ltd. and its predecessor company, Fancamp Resources Ltd, since January 1986. He is presently a Director of Lamelee Iron Ore Ltd., since May of 2014 and served as a Director of Argex Titanium Inc. from October 2009 to May 2013. He has served as a Director of Litewave Corp. and St. Georges Platinum Base Metals Ltd. since January 2010, leaving the latter company in October 2010. He was a Director of Golden Hope Mines Ltd from May 1997 to August 2009. He is a member of the Ontario Order of Professional Engineers and is a former Director of the Prospectors and Developers Association of Canada.

  1. 5.Once Gold Mining operations have begun on the Claims purchased, Uragold will make a one-off cash payment of C$500,000 to Fancamp.
  2. 6.Pursuant to an agreement entered into between Fancamp and a private vendor as of December 12, 2005, the Vendor currently holds a one point five percent (1.5 %) net smelter return royalty affecting the Claims, of which one percent (1%) may be purchased at the sole discretion of Fancamp, or of Uragold as of the date hereof, for a payment of one million dollars ($1,000,000), (the “NSR Royalty”).

The transaction is also subject to the approval of the TSX Venture Exchange, approval that requires the filing of an updated NI43-101 compliant technical report on the Beauce Property.

Mr. Vivian Stuart-Williams, SACNASPS, working under Special Authorization #290 of the Quebec Order of Geologist, is an Independent Qualified Person as defined by National Instrument 43-101 that supervised the preparation of the information in this news release.

Patrick Levasseur, President and COO of Uragold stated that: “This signature of a final agreement is another significant step being undertaken by Uragold. This acquisition is changing the whole dynamics of the Beauce Paleo-placer Gold project, as it significantly increase the size and scope of our project.” Mr. Levasseur went on to add: “We are extremely pleased to have been able to conclude such a transaction with Fancamp Exploration Ltd., a Canadian junior mineral exploration company that is evolving into a holder of shares in partner companies and royalties on near-term producing mines. Lastly, the addition of Peter Smith to the board of Uragold, an experience project developer, is another very positive development for the Corporation.”

About Uragold Bay Resources Inc.

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up, (Capex < C$10M), that will generate high yield returns (IRR > 50%). Uragold will reach these goals by developing Quebec’s first placer mine in 50 years, the Beauce Placer Project developing and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

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

For further information contact

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

Tel: (514) 846-3271

www.uragold.com

Xylitol Canada Engages Roche Construction for Multi-Discipline Engineering & Construction Services

Posted by AGORACOM-JC at 9:05 AM on Wednesday, October 8th, 2014

TORONTO, ONTARIO–(Oct. 8, 2014) - Xylitol Canada Inc. (“Xylitol Canada“, or the “Company“) (TSX VENTURE:XYL) is pleased to announce today that it has engaged The Roche Group (“Roche“) for a broad scope of multi-discipline engineering and construction consulting services in relation to Xylitol Canada’s plant development initiatives.

The scope of work for Roche includes, but is not limited to, assisting Xylitol Canada refine and enhance existing plant designs, preparation of site plans, equipment configuration and location plans, building and facilities designs, electrical power, instrumentation & controls requirements, key procurement and construction advice, overall project cost estimation and finally, advice on future local permitting requirements.

Roche will be working closely with Xylitol Canada’s recently appointed Project Director, Ian Sansom, along with specialized process consultants and Xylitol Canada management, on all phases of the project.

“As we continue to make strides on our xylose plant initiatives, we have continued to surround ourselves with reputable and well respected individuals and Companies during each critical stage of our plant initiatives. Members of our team have worked with Roche in the past, and we are confident that they bring first-class design capabilities to assist us in our endeavors,” commented Andrew Reid, CEO of Xylitol Canada.

Asked about their participation, Roche’s Project Director, Pierre Lanoue, stated, “We are excited to help Xylitol Canada with their development and design activities for the xylose plant project.”

Xylitol Canada engaged Roche on September 23, 2014, and design activities began on Friday, September 26th. The Xylitol/Roche kickoff meeting took place in Quebec on October 6, 2014 at Roche’s offices.

About Xylitol Canada Inc.

Xylitol Canada markets xylitol and xylitol based-products and is focused on becoming a major low-cost manufacturer of xylitol and related products, serving the global market from operations in North America.

Xylitol Canada’s business strategy is to leverage novel proprietary technology and processes to become North America’s premier manufacturer of low cost, high quality xylitol from readily available environmentally-sustainable biomass. Xylitol is an all-natural sweetener which is marketed globally including Canada and the United States and is accepted by the American Food and Drug Administration, the World Health Organization and the American Dental Association. Xylitol contains 75% less carbohydrates and 40% less calories than sugar, has a myriad of oral health benefits including the prevention of tooth decay and is safe for diabetics. To date, wider spread use of xylitol has been limited by the lack of a reliable, low cost, high quality supplier.

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

Contact Information

 

Xylitol Canada Inc.
Andrew Reid
416-288-1019

Xylitol Canada Inc.
Matt Willer
303-991-1999
IR@xylitolusa.com

Omagine Retains BUYINS.NET to Surveil Short Sellers and Market Makers

Posted by AGORACOM-JC at 5:11 PM on Tuesday, October 7th, 2014

  • Approximately 4.76 Million Shares Shorted Since August 2009
  • Short Squeeze Has Begun As Stock Is Above $1.54 SqueezeTrigger Price

NEW YORK, Oct. 7, 2014 — Omagine, Inc. (OTCQB:OMAG) announced today that BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has initiated coverage on Omagine, Inc. (OTCQB:OMAG) after releasing the latest short sale data through October 6, 2014. The total aggregate number of shares shorted since August 2009 is approximately 4.76 million shares (adjusted for a net 5 for 1 reverse split in 2009). Approximately 24.32% of daily trading volume is short selling. The SqueezeTrigger price for all OMAG shares shorted is $1.54. A short squeeze has begun as the price of OMAG is above the $1.54 SqueezeTrigger price.

Click here to view Report: http://www.buyins.com/reports/omag10-7-14.pdf

Click here for SqueezeTrigger: http://www.buyins.com/images2/omagstr10-7-14.jpg

Click here for Friction Factor: http://www.buyins.com/images2/omagff10-7-14.jpg

Click here for detailed explanation: http://www.buyins.com/brochure.pdf

Friction Factor calculates if a fair market is being made in the shares of OMAG. 45% of the previous 38 trading days have been positive or bullish-biased and 55% have been negative or bearish-biased.

Regulation SHO requires bona-fide market-making activities to include making purchases and sales in roughly comparable amounts. The Commission has stated that bona-fide market-making DOES NOT include activity that is related to speculative selling strategies for investment purposes of the broker-dealer and is disproportionate to the usual market making patterns or practices of the broker-dealer in that security. Likewise, where a market-maker posts continually at or near the best offer, but does not also post at or near the best bid, the market-maker’s activities would not generally qualify as bona-fide market-making. Moreover, a market-maker that continually executes short sales away from its posted quotes would generally not be considered to be engaging in bona-fide market-making.

BUYINS.NET monitors OMAG market-makers daily for compliance with Fair Market-Making Requirements.

About Omagine, Inc.

Omagine, Inc. is a publicly traded company (OTCQB:OMAG). The Company conducts all of its real-estate development, tourism and entertainment business activities through either its 60% owned subsidiary Omagine LLC or its 100% owned subsidiary Journey of Light, Inc. The Company is focused on real-estate, entertainment and hospitality opportunities in the Middle East and North Africa (the “MENA Region”) which is one of the fastest growing tourist destinations in the world.

Governments in the MENA Region are seeking to diversify their economies and create employment for their citizens via the development of tourism destination projects. It is the Company’s opinion that this governmental strategic vision combined with the enormous financial resources in the MENA Region will continue to present superb development opportunities. The Company presently focuses the majority of its efforts on the business of Omagine LLC and specifically on the Omagine Project.

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

About BUYINS.NET

BUYINS.NET, http://www.buyins.net, monitors trading in all US stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market-maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies and comparable valuations. Reports include:

REGULATORY & COMPLIANCE NEWS

Friction Factor – market-maker surveillance system tracking market-makers to determine Price Friction and compliance with new “Fair Market-Making Requirements”.

RegSHO Naked Shorts – tracks EVERY failure to deliver in all US stocks and all Threshold Security Lists daily for which stocks have naked short positions.

INVESTMENTS & TRADING

SqueezeTrigger – 40 billion cell database tracks EVERY short sale (not just total short interest) in all US stocks and calculates volume weighted price that a short squeeze will begin in each stock.

Earnings Edge – predicts probability, price move and length of move before and after all US stock earnings reports.

Seasonality – predicts probability, price move and length of move based on exact time of year for all US stocks.

Group Trader – tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.

Pattern Scanner – automates tracking of technical patterns and predicts next move in stocks.

GATS – tracks all strategies

DISCLAIMER:

BUYINS.NET is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. OMAG has paid a non-affiliate $1,117 per month for six months of data provided in this report. OMAG has not approved the statements made in this release. Please read our report and visit our website, http://www.buyins.net, for complete risks and disclosures.

Omagine, Inc.
Corporate Inquiries
Charles P. Kuczynski, Vice-President
(212) 563-4141

BUYINS.NET
Thomas Ronk
800-715-9999

http://www.buyins.net

Client Feature: Stria Lithium (SRA: TSX-V) Powering The Green Revolution

Posted by AGORACOM-JC at 3:27 PM on Tuesday, October 7th, 2014

SRA: TSX-V

Why Stria Lithium?

  • Aiming to become one of the lowest cost producers in the world for battery- grade technology lithium — critical for high-technology green energy industries.
  • Management is key. Stria has assembled a truly world-class, experienced and accomplished team.
  • Stria’s strategic, cost-effective exploration substantially reduces the risks and expenditures of exploration by focusing on deposits that are readily available to advance.
  • Stria’s unique and extensive experience in understanding and utilizing the latest, most-advanced geophysical tools affords the Company a competitive edge within the industry.
  • The lithium market remains robust with tremendous upside potential versus other metals.

 

A New Source, a new process for technology lithium

Several foreign nations are already stockpiling materials critical to the emerging green technology economy, which means a reliable North American supply of high quality lithium-based products has never been more urgent. Stria believes Canada has a key role to play in the green tech economy, and plan to be a part of it by carving out a supply and technology niche in the critical and strategic metals world.

Proprietary Processing Technologies

Stria President and Chief Operating Officer Julien Davy said the company’s ultimate goal is to produce high-purity (99.999%) lithium metal or other lithium compounds that meet the needs of battery manufacturers for an environmentally sustainable supply option that dramatically reduces costs. “Any lithium process that significantly reduces production costs will help changing the battery market,” said Mr. Davy.

Pontax-Lithium property …

Stria holds 100 per cent ownership of the Pontax-Lithium property located in the west-central James Bay territory in northern Quebec.

The property, which Stria acquired from Khalkos Exploration Inc. in 2013, is host to a recently discovered swarm of a dozen spodumene-bearing (a lithium mineral) pegmatite dikes, each one metre to 10 metres in thickness, plus a series of small centimetre-thick dikelets.

The lithium-bearing dikes outcrop over an area of 450 metres by 100 metres (for more information, click here to view the NI-43-101 Technical Report (Girard,2013) on the Pontax-Lithium Property).

Close-up view of Pontax’s spodumene-bearing pegmatite. The light grey spodumene is idiomorphic and lath-shaped. The intergranular grey mineral is quartz.


Willcox Lithium / Arizona

Stria holds 100 per cent ownership of the Willcox Lithium project, located in Cochise County, Arizona. Acquired through the purchase of Pueblo Lithium LLC from AGR-O Phosphate Inc. in 2014, the property is comprised of 61 lode mining claims.

The purpose of the 2014 Willcox drilling program is to confirm historic exploration results and to test groundwater samples for use in Stria’s proprietary membrane processing technologies now under development. This technology will allow Stria to recover lithium from brine type deposits without the need of large scale evaporation ponds and their associated environmental impacts.

Hub On AGORACOM / Corporate Profile / Discussion Forum

INTERVIEW: OMAGINE Addresses $2.5B Agreement With Omani Government

Posted by AGORACOM-JC at 6:07 PM on Monday, October 6th, 2014

OMAG: OTCQB

Welcome to Q&A a production of AGORACOM in which we seek questions directly from shareholders which are answered during our live interviews.With us today is Frank J. Drohan Chairman & CEO Omagine Inc.

  • Company has signed a Development Agreement with the Government of the Sultanate of Oman.
  • Omagine Owns 60%; Sultanate Owns 25%; Consolidated Contractors Owns 15%
  • Developed on 245 acres of beachfront land on Gulf of Oman
  • Estimated cost approximately $2.5 Billion
  • BNP Paribas To Lead Construction Financing Syndicate

Hub On AGORACOM / Read Release

Omagine, Inc. (“OMAG”), through its 60% owned subsidiary Omagine LLC, plans to develop a $2.5 billion real-estate, tourism and entertainment project (the “Omagine Project”) in the Sultanate of Oman.. Omagine LLC was formed in Oman by OMAG as a wholly owned subsidiary and OMAG subsequently arranged for Omagine LLC to sell a 40% equity ownership interest in Omagine LLC to two partners for $70 million. The 2 partners are (i) the Sultan of Oman, and (ii) a $5 billion multi-national corporation.

The Omagine Project is planned to be developed on one million square meters (equal to approximately 245 acres) of beachfront land facing the Gulf of Oman (the “Omagine Site”) just west of the capital city of Muscat and approximately six miles from Muscat International Airport. It is planned to be an integration of cultural, heritage, educational, entertainment and residential components, including: a “high culture” theme park containing seven pearl shaped buildings, each approximately 60 feet in diameter, associated exhibition buildings, a boardwalk, an open air amphitheater and stage; open space green areas; a canal and an enclosed harbor and marina area; associated retail shops and restaurants, entertainment venues, boat slips, and docking facilities; a five-star resort hotel, a four-star resort hotel and possibly a three or four-star hotel; commercial office buildings; shopping and retail establishments integrated with the hotels, and approximately two thousand residences to be developed for sale. OMAG owns all the copyrights and intellectual property associated with the Omagine brand.

Development Agreement

Company recently announced that its 60% owned subsidiary, Omagine LLC has signed a Development Agreement (“DA”) with the Government of the Sultanate of Oman (“Oman”).

Omagine, Inc. (the “Company”) organized Omagine LLC under the laws of Oman to design, develop, own and operate a tourism and real-estate development project in Oman named the Omagine Project. The Omagine Project is estimated to cost approximately $2.5 billion to design, develop and construct.

The Omagine Project is planned to be an integration of cultural, entertainment and residential components, including: hotels, commercial buildings, retail establishments and more than two thousand residences to be developed for sale. It will be developed on one million square meters (245 acres) of beachfront land (the “Omagine Site”) facing the Gulf of Oman just west of the capital city of Muscat and approximately six miles from Muscat International Airport.

Omagine LLC owns the Omagine Project which, over the next several years, is projected to generate exceptional cash flow to the Company and the other Omagine LLC shareholders. The Company owns 60% of Omagine LLC.

The other Omagine LLC shareholders are:

i. the office of Royal Court Affairs (“RCA”), which owns 25%, and
ii. two subsidiaries of Consolidated Contractors International Company, SAL (“CCIC”), which collectively own 15%.

About the office of Royal Court Affairs.

The office of Royal Court Affairs (“RCA”) is an Omani organization representing the interests of His Majesty, Sultan Qaboos bin Said, the ruler of Oman.

About Consolidated Contractors.

Consolidated Contractors International Company, SAL (“CCIC”) is a multi-national company headquartered in Athens, Greece. In 2012 CCIC had 5.4 billion dollars in revenue, 126,000 employees worldwide and operating subsidiaries in, among other places, every country in the Middle East and North Africa.

 

 

CLIENT FEATURE: OMAGINE (OMAG: OTCQB) Inks $2.5B Agreement with Oman

Posted by AGORACOM-JC at 1:04 PM on Friday, October 3rd, 2014

 

OMAG: OTCQB

$2.5 BILLION DEAL FINALIZED WITH OMAN GOVERNMENT

  • Company has signed a Development Agreement with the Government of the Sultanate of Oman.
  • Omagine Owns 60%; Sultanate Owns 25%; Consolidated Contractors Owns 15%
  • Developed on 245 acres of beachfront land on Gulf of Oman
  • Estimated cost approximately $2.5 Billion
  • BNP Paribas To Lead Construction Financing Syndicate
  • Market Cap ~ $50 Million

Hub On AGORACOM / Read Release

Omagine, Inc. (“OMAG”), through its 60% owned subsidiary Omagine LLC, plans to develop a $2.5 billion real-estate, tourism and entertainment project (the “Omagine Project”) in the Sultanate of Oman.. Omagine LLC was formed in Oman by OMAG as a wholly owned subsidiary and OMAG subsequently arranged for Omagine LLC to sell a 40% equity ownership interest in Omagine LLC to two partners for $70 million. The 2 partners are (i) the Sultan of Oman, and (ii) a $5 billion multi-national corporation.

The Omagine Project is planned to be developed on one million square meters (equal to approximately 245 acres) of beachfront land facing the Gulf of Oman (the “Omagine Site”) just west of the capital city of Muscat and approximately six miles from Muscat International Airport. It is planned to be an integration of cultural, heritage, educational, entertainment and residential components, including: a “high culture” theme park containing seven pearl shaped buildings, each approximately 60 feet in diameter, associated exhibition buildings, a boardwalk, an open air amphitheater and stage; open space green areas; a canal and an enclosed harbor and marina area; associated retail shops and restaurants, entertainment venues, boat slips, and docking facilities; a five-star resort hotel, a four-star resort hotel and possibly a three or four-star hotel; commercial office buildings; shopping and retail establishments integrated with the hotels, and approximately two thousand residences to be developed for sale. OMAG owns all the copyrights and intellectual property associated with the Omagine brand.

Development Agreement

Company recently announced that its 60% owned subsidiary, Omagine LLC has signed a Development Agreement (“DA”) with the Government of the Sultanate of Oman (“Oman”).

Omagine, Inc. (the “Company”) organized Omagine LLC under the laws of Oman to design, develop, own and operate a tourism and real-estate development project in Oman named the Omagine Project. The Omagine Project is estimated to cost approximately $2.5 billion to design, develop and construct.

The Omagine Project is planned to be an integration of cultural, entertainment and residential components, including: hotels, commercial buildings, retail establishments and more than two thousand residences to be developed for sale. It will be developed on one million square meters (245 acres) of beachfront land (the “Omagine Site”) facing the Gulf of Oman just west of the capital city of Muscat and approximately six miles from Muscat International Airport.

Omagine LLC owns the Omagine Project which, over the next several years, is projected to generate exceptional cash flow to the Company and the other Omagine LLC shareholders. The Company owns 60% of Omagine LLC.

The other Omagine LLC shareholders are:

i.

the office of Royal Court Affairs (“RCA”), which owns 25%, and

ii.

two subsidiaries of Consolidated Contractors International Company, SAL (“CCIC”), which collectively own 15%.

About the office of Royal Court Affairs.

The office of Royal Court Affairs (“RCA”) is an Omani organization representing the interests of His Majesty, Sultan Qaboos bin Said, the ruler of Oman.

About Consolidated Contractors.

Consolidated Contractors International Company, SAL (“CCIC”) is a multi-national company headquartered in Athens, Greece. In 2012 CCIC had 5.4 billion dollars in revenue, 126,000 employees worldwide and operating subsidiaries in, among other places, every country in the Middle East and North Africa.

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Omagine Signs Multi-Billion Dollar Agreement with Oman

Posted by AGORACOM-JC at 2:22 PM on Thursday, October 2nd, 2014

NEW YORK, October 2, 2014 – Omagine, Inc. (OTCQB: OMAG) today announced that its 60% owned subsidiary, Omagine LLC has signed a Development Agreement (“DA”) with the Government of the Sultanate of Oman (“Oman”).

Omagine, Inc. (the “Company”) organized Omagine LLC under the laws of Oman to design, develop, own and operate a tourism and real-estate development project in Oman named the Omagine Project. The Omagine Project is estimated to cost approximately $2.5 billion to design, develop and construct.

The Omagine Project is planned to be an integration of cultural, entertainment and residential components, including: hotels, commercial buildings, retail establishments and more than two thousand residences to be developed for sale. It will be developed on one million square meters (245 acres) of beachfront land (the “Omagine Site”) facing the Gulf of Oman just west of the capital city of Muscat and approximately six miles from Muscat International Airport.

Omagine LLC owns the Omagine Project which, over the next several years, is projected to generate exceptional cash flow to the Company and the other Omagine LLC shareholders. The Company owns 60% of Omagine LLC.

The other Omagine LLC shareholders are:

i. the office of Royal Court Affairs (“RCA”), which owns 25%, and
ii. two subsidiaries of Consolidated Contractors International Company, SAL (“CCIC”), which collectively own 15%.

The Company, RCA and the two CCIC subsidiaries are parties to a legally binding Shareholder Agreement which, among other things, provides for:

i. initially capitalizing Omagine LLC at 150,000 Omani Rials [$390,000], and
ii. increasing Omagine LLC’s capital to 26,988,125 Omani Rials [$70,169,125] within a 6 to 12 month period following the signing of the Development Agreement, and
iii. a payment-in-kind investment of the land constituting the Omagine Site (the “PIK”).

The value of the PIK investment will equal the value to Omagine LLC of the approximately 245 acres of beachfront land constituting the Omagine Site which His Majesty the Sultan owned and transferred to the Government for the specific purpose of developing it into the Omagine Project.

The value of the PIK will be determined by a professional valuation expert in accordance with Omani law and with the concurrence of Omagine LLC’s independent auditor, Deloitte & Touche, (M.E.) & Co. LLC. The value of the land constituting the Omagine Site is conservatively but informally estimated by local real-estate brokers to be in excess of $700 million.

The legally binding contract between the Government and Omagine LLC governing the design, development, construction, management and ownership of the Omagine Project and the use and sale by Omagine LLC of the land constituting the Omagine Site is the Development Agreement which the Government and Omagine LLC signed on October 2, 2014.

“We are tremendously pleased with today’s signing of the Development Agreement and are anxious to now begin the development of the Omagine Project.” said the Company’s president, Frank J. Drohan.

Drohan continued, “Our mission is to develop, own and operate innovative tourism projects with components that are thematically imbued with culturally aware, historically faithful, and scientifically accurate entertainment experiences. We design the tourism elements to provide modern, stylish and entertaining experiences while highlighting the world’s great cultures, art, music, heritage, science and philosophy. We expect the Omagine Project to be the archetype for our future projects in the Middle East and North Africa.“

About the office of Royal Court Affairs.

The office of Royal Court Affairs (“RCA”) is an Omani organization representing the interests of His Majesty, Sultan Qaboos bin Said, the ruler of Oman.

About Consolidated Contractors.

Consolidated Contractors International Company, SAL (“CCIC”) is a multi-national company headquartered in Athens, Greece. In 2012 CCIC had 5.4 billion dollars in revenue, 126,000 employees worldwide and operating subsidiaries in, among other places, every country in the Middle East and North Africa.

About Omagine, Inc.

Omagine, Inc. is a publicly traded company (Stock Symbol: OMAG). The Company conducts all of its real-estate development, tourism and entertainment business activities through either its 60% owned subsidiary Omagine LLC or its 100% owned subsidiary Journey of Light, Inc. The Company is focused on real-estate, entertainment and hospitality opportunities in the Middle East and North Africa (the “MENA Region”) which is one of the fastest growing tourist destinations in the world.

Governments in the MENA Region are seeking to diversify their economies and create employment for their citizens via the development of tourism destination projects. It is the Company’s opinion that this governmental strategic vision combined with the enormous financial resources in the MENA Region will continue to present superb development opportunities. The Company presently focuses the majority of its efforts on the business of Omagine LLC and specifically on the Omagine Project.

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

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts, may be deemed to be forward-looking statements. Words such as “expects”, “intends”, “plans”, “may”, “could”, “should”, “anticipates”, “likely”, “believes” and words of similar import also identify forward-looking statements. These statements are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. Except as may be required under applicable law, we assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. Additional information on risks and other factors that may affect the business and financial results of Omagine, Inc. can be found in the filings of Omagine, Inc. with the United States Securities and Exchange Commission.

Contact:

Omagine, Inc.

Corporate Inquiries

Charles P. Kuczynski, Vice-President

(212) 563-4141

charles.kuczynski@omagine.com

Robix Sets Up COV Construction Photo Gallery and Targets Q4 for COV Launch

Posted by AGORACOM-JC at 6:38 AM on Thursday, October 2nd, 2014

LETHBRIDGE, ALBERTA–(Oct. 2, 2014) - Robix Alternative Fuels Inc. (“Robix” or the “Corporation”) (CSE:RZX) (FRANKFURT:R0X) announced today that the construction of the first commercial Clean Ocean Vessel (COV) is progressing, with a Q4 2014 target for launch. All materials have been received and construction of the COV is partially complete at Rayco Steel Ltd, of Sparwood, British Columbia.

Robix is launching a photo gallery on its website to show the progression of the COV construction. Please visit http://www.robixfuels.com/Robix%20photos/. Pictures will be uploaded periodically as construction progresses.

Working closely with the consulting marine engineers, architects and Transport Canada, Robix has made significant engineering improvements to the original COV designed and built in the 1990s. These enhancements will ensure compliance with 2014 certifications, and improve operating parameters of the COV. The 40ft COV is a twin-hull (catamaran) design with contra rotating drums capable of recovering oil from water in virtually any sea conditions. To date, approximately 50% of one hull has been fabricated with all the components cut and ready for assembly of the second hull. Fabrication of the drums is complete, and they are being prepared to be precision turned and balanced before assembly into the COV. Management is expecting to demonstrate the COV to key customers and officials on the west coast of Canada in Q4 2014.

“I am pleased with the progress to date on the COV, especially with the engineering improvements we have made that will enable us to make a more state-of-the-art product, compliant with 21st century certification requirements” commented Nathan Hansen President and CEO of Robix. “Working with Transport Canada throughout this design optimization and construction phase should enable us to easily meet and exceed global regulations for sea worthiness. When we demonstrate the COV in the coming quarter to our key potential customers, they will be viewing the latest oil recovery technology on the market. I expect the market demand for this product to be strong and we will be ready to take orders.”

About Robix:

The Corporation is an “industrial products/technology” company, offering to investors a unique opportunity to participate in a leading company in the business of ownership of patents, and their development from commercialization to worldwide expansion through various business arrangements. Robix owns a Clean Ocean Vessel (“COV”) patent, which is an oil spill recovery vessel design with the capability to recover oil in rough and debris laden sea conditions. Robix has recognized a worldwide market opportunity for effective containment, recovery and disposal equipment, particularly in the oil spill protection industry, and it proposes to develop a business model as a service provider, and/or equipment provider under licensing agreements with other industry participants, wherein Robix will use its COV patented design solution.

No stock exchange or any securities regulatory body has reviewed the contents of this news release.

This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company’s disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Robix Alternative Fuels Inc.
Nathan Hansen
President & CEO
250-683-8957
nathan@robixfuels.com

Robix Alternative Fuels Inc.
Robin Ray
Chief Financial Officer
403-327-3094
robin@robixfuels.com
www.robixfuels.com