Posted by AGORACOM-JC
at 12:45 PM on Monday, February 10th, 2020
SPONSOR: BetterU Education Corp.
aims to provide access to quality education from around the world. The
company plans to bridge the prevailing gap in the education and job
industry and enhance the lives of its prospective learners by developing
an integrated ecosystem. Click here for more information.
The Landscape Of Edtech: Mapping The Innovation Revamping Education In India
Over $1.8 Bn has been invested into Indian edtech startups from 2014 to 2019
The test prep segment has the highest capital inflow and the greatest demand in India
India’s tech economy growth has pushed the demand for skill development solutions
From classrooms to smart devices, the medium of education and learning in India has gone through a paradigm shift. With over 665 Mn
wireless internet subscribers (Q3 2019), India has seen a massive 14%
increase in the addressable base for internet services in just one year.
This rate of adoption has meant great things for startups and digital
products and services and has given rise to personalisation and
convenience when it comes to the school curriculum and off-classroom
learning.
The growing popularity of online learning has provided a major push
to two of the top subsectors in the edtech market— test preparation
(from K-12 to entrance exams) and online certification. To put this into
perspective, between 2014 to 2019, startups in test prep and online
certification startups earned a whopping 88% ($1.6 Bn) of the total
capital inflow in edtech.
The skewness in funding and investor interest for test prep and
online certification startups is in line with the prevalence of the
grades-first mentality in the Indian market as well as the need for
skilled tech labour. These products are highly in demand in the Indian
market because they mirror the traditional climb up the education ladder
— preparation for exams and getting the right certificate for
employment.
Posted by AGORACOM-JC
at 12:10 PM on Monday, February 10th, 2020
SPONSOR: PRIMO NUTRACEUTICALS INC.
(CSE: PRMO) (OTC: BUGVF) (FSE: 8BV) (DEU: 8BV) (MUN: 8BV) (STU: 8BV)
provides strategic capital to the thriving cannabis cultivation
sector through ownership and development of commercial real estate
properties. The company also offers fully built out turnkey facilities
equipped with state-of-the-art growing infrastructure to cannabis
growers and processors. Click here for more info.
CBD’s Touted Therapeutic Benefits Help Loosen Regulatory Constraints
Global cannabidiol market is expected to reach USD 9.69 Billion by 2025 while registering a CAGR of 32.6% during the forecast period.
NEW YORK, Feb. 10, 2020 – Most regions that have approved medical cannabis typically see doctors prescribe CBD-based medications to their patients. CBD, or cannabidiol, is a derivative of the hemp plant, yet is unlike its counterpart, THC, which is derived from the marijuana plant. Nowadays, the FDA acknowledges that CBD can possibly become a legitimate alternative medical treatment to a number of traditional therapeutics, further highlight the health benefits associated with the compound. However, the agency is requiring researchers to provide more data on the efficacy of CBD in order for CBD to become an approved medicinal treatment, prompting them to conduct large-scale clinical trials. “As legislation expands rapidly worldwide, the volume of efficacy data is growing, as are legitimate clinical trial studies,” says Liam McGreevy, Chief Executive Officer of Ethnopharm, a European cannabis company specializing in genetics and distribution, “This data will enable us to better understand the effects of the various cannabinoids and terpenes, their synergistic effect and how their impact links to the individual’s genetics or biomarkers.
This data is key to understanding the most effective combinations and
strengths for various conditions, moving towards targeted personalized
medicines.” And according to data compiled by Grand View Research, the
global cannabidiol market is expected to reach USD 9.69 Billion
by 2025 while registering a CAGR of 32.6% during the forecast period.
Global Payout, Inc. (OTC: GOHE), Auxly Cannabis Group Inc. (OTC: CBWTF),
Puration Inc. (OTC: PURA), Green Organic Dutchman Holdings Ltd. (OTC:
TGODF), Liberty Health Sciences Inc (OTC: LHSIF)
As the cannabis industry continues to develop, lawmakers and federal
agencies are actively working towards expanding the market. Recently,
the U.S. Department of Agriculture (USDA) provided an update on its
interim final rule process for hemp. According to the USDA, hemp
production in the U.S. has seen a resurgence in the last five years;
however, it remains unclear whether consumer demand will meet the
supply. High prices for hemp, driven primarily by demand for use in
producing CBD, relative to other crops, have also driven increases in
planting. As such, producer interest in hemp production is largely
driven by the potential for high returns from sales of hemp flowers to
be processed into CBD oil.
And after extensive consultation with the Attorney General, the USDA
issued the following interim final rule to establish the domestic hemp
production program and to facilitate the production of hemp, as set
forth in the 2018 Farm Bill: The USDA upholds the 0.3% threshold as out
of its jurisdictional hands as written into the law. Furthermore, the
lack of remedies for testing noncompliance raised suggestions that
farmers be allowed to ship to processors who could remove the THC to
keep the crop viable. Another subject of worry was the requirement (as
described in the Federal Register) that laboratories be certified by the
Drug Enforcement Administration (DEA), and crops tested within 15 days
prior to harvest. Yet, by the end of January, only 44 labs existed to
support more than 16,000 licensed farmers. Accordingly, the industry
expects to remain bureaucratically constrained yet again after other
fundamental supply-chain bottlenecks limited output and producers’
ability to bring their crops to market.
Tags: CBD, Hemp, Marijuana, stocks, tsx, tsx-v Posted in PRIMO Nutraceuticals Inc. | Comments Off on PRIMO Nutraceuticals Inc. $PRMO.ca – #CBD’s Touted Therapeutic Benefits Help Loosen Regulatory Constraints $CROP.ca $VP.ca NF.ca $MCOA
Posted by AGORACOM-JC
at 11:02 AM on Thursday, February 6th, 2020
For some reason, we all take online privacy and identity for granted. In the real world, we have someone verify who we are at the airport, banks and even bars by presenting ourselves in person, along with documentation (passport, drivers license, etc.)
But online we just punch in our credit card + CVV number (that one on the back) to access or buy just about anything. The problem, as we’ve long known, is the recipient of your info has no idea if its really you, or the waiter you gave your credit card to last night at dinner.
For decades, we’ve accepted it as a cost of the convenience of credit cards, which is built into the ridiculously high % rates charged by credit card companies.
That’s all about to change. People and governments have figured out over the past couple of years (see FACEBOOK) that too many companies know too much about us and use it to fill their pockets with insane amounts of money …. while sharing nothing with us.
Legislation has already been enacted and more is coming that will force EVERY company to re-think their business models. The free ride is over for them and just beginning for us.
Enter KABN. Watch this from your device, or listen to it in your car, bus or dentist’s waiting room. KABN is private but has already announced a proposed RTO.
We’re banging the table on how things are going to change beyond recognition this decade. KABN is one of the companies making it possible.
Posted by AGORACOM-JC
at 4:01 PM on Tuesday, February 4th, 2020
SPONSOR: Datametrex AI Limited
(TSX-V: DM) A revenue generating small cap A.I. company that NATO and
Canadian Defence are using to fight fake news & social media
threats. The company announced three $1M contacts in Q3-2019. Click here for more info.
The technology that could save us from deepfake videos
Israeli startup Cyabra’s technology detects expertly doctored videos as well as the bots powering fake social-media profiles.
It’s November 2020, just days before the US presidential election, and a video clip comes out showing one of the leading candidates saying something inflammatory and out of character. The public is outraged, and the race is won by the other contender.
The only problem: the video wasn’t authentic. It’s a “deepfake,â€
where one person’s face is superimposed on another person’s body using
sophisticated artificial intelligence and a misappropriated voice is
added via smart audio dubbing.
The AI firm Deeptrace uncovered 15,000 deepfake videos online in
September 2019, double what was available just nine months earlier.
The technology can be used by anyone with a relatively high-end
computer to push out disinformation – in politics as well as other
industries where credibility is key: banking, pharmaceuticals and
entertainment.
Israeli startup Cyabra is one of the pioneers in identifying deepfakes fast, so they can be taken down before they snowball online.
Cyabra cofounder and CEO Dan Brahmy. Photo: courtesy
Cyabra CEO Dan Brahmy tells ISRAEL21c that there are two ways to
train a computer algorithm to analyze the authenticity of a video.
“In a supervised approach, we give the algorithm a dataset of, say,
100,000 pictures of regular faces and face swaps,†he explains. “The
algorithm can catch those kinds of swaps 95 percent of the time.â€
The second methodology is an “unsupervised approach†inspired by a surprising field: agriculture.
“If you fly a drone over a field of corn and you want to know which
crop is ready and which is not, the analysis will look at different
colors or the way the wind is blowing,†Brahmy explains. “Is the corn
turning towards its right side? Is it a bit more orange than other parts
of the field? We look for those small patterns in videos and teach the
algorithm to spot deepfakes.â€
Cyabra’s approach is more sophisticated than traditional methods of
ferreting out deepfakes – looking at metadata, for example, of where was
the picture taken, what kind of camera was used and on what date it was
shot.
“Our algorithm might not know the exact name of the manipulation
used, but it will know that the video is not real,†Brahmy says.
Only a computer program can spot telltale signs the human eye would
miss, such as eyeglasses that don’t fit perfectly or lip movements not
perfectly synched with movements of the chin and Adam’s apple, Brahmy
tells ISRAEL21c.
Staying a few steps ahead
Cyabra’s technology detects inauthentic nuances that the human eye would miss. Photo: courtesy
Deepfake detection technology must continually evolve.
In the early days – all the way back in 2017, when deepfakes first
started appearing – fake faces didn’t blink normally. But no sooner had
researchers alerted the public to watch for abnormal eye movements than
deepfakes suddenly started blinking normally.
“To have a durable edge, you need to be a year or two ahead, to make sure no one can re-do what you just did,†Brahmy says.
That’s important both in catching the deepfakers and for a company like Cyabra to stay ahead of the competition.
Cyabra’s edge is that two of its four cofounders came out of IDF
intelligence divisions where they looked for ways to foil terrorist
groups trying to create fake profiles to connect with Israelis.
In addition, former Mossad deputy director Ram Ben Barak is on the company’s board of directors.
Fake social-media profiles
Cyabra’s deepfake detection technology was only released in the last
month. For most of the past two years, since the company was founded, it
has been focused on spotting fake social-media profiles.
Cyabra cofounder and COO Yossef Daar. Photo: courtesy
Brahmy cofounderYossef Daar claims there are 140 million fake
accounts on Facebook, 38 million on LinkedIn, and 48 million bots on
Twitter.
These, too, are not easy to detect.
Researchers from the University of Iowa discovered that some 100
million Facebook “likes†that appeared between 2015 and 2016 were
created by spammers using around a million fake profiles.
Cyabra’s machine-learning algorithms run some 300 unique parameters
to determine profile authenticity. A three-day-old profile with 700
friends whose user has no footprint outside of Facebook raises a red
flag, for example.
In the 2016 U.S. elections, fake profiles on social media were the biggest problem – deepfakes didn’t exist yet.
By now, though, you’ve probably seen a few deepfakes yourself: Facebook CEO Mark Zuckerberg bragging about having “total control of billions of people’s stolen data,†former US President Obama using a profanity to describe President Trump or Jon Snow apologizing for the writing in season 8 of “Game of Thrones.â€
Brahmy says the leadup to the 2020 election season is the right time to offer Cyabra’s solution.
Investors agree. Cyabra has raised $3 million from TAU Ventures and
$1 million from the Israel Innovation Authority. The 15-person company
started in The Bridge, a seven-month Tel Aviv-based accelerator
sponsored by Coca-Cola, Turner and Mercedes. Now they’re based at TAU
Ventures with a small presence in the United States as well.
Public and private sector clients
Cyabra’s clients prefer not to be named, although Brahmy did tell
ISRAEL21c that 50% of its clients are in the public sector –
governmental organizations or agencies – and the other half are “in the
world of sensitive brands: consumer product, food and beverage, media
conglomerates.â€
“Imagine you’re in the business of providing unbiased information and
suddenly 500 bots send you a message with a falsified picture and
you’re ready to publish it. We want to be there five seconds before you
pull the trigger, to let you know it’s false,†says Brahmy.
This heatmap shows the level of doctoring done to a picture or
frame in a video. Emphaized areas represent more heavily forged pieces
of content. Image courtesy of Cyabra
Cyabra leaves the task of fact-checking content for “fake news†to other companies such as NewsGuard and FactMata. (Neither company is Israeli.)
There are also other companies dealing with deepfakes and fake
profiles. But, Brahmy says, “we’re the only one doing both, with the
technical capability to detect deepfakes along with cross-channel
analysis to detect the bots [powering fake social media profiles], all
under one roof.â€
Facebook announced in January 2020 that it is banning deepfakes intended to mislead rather than entertain. But can Facebook really get ahead of all the deepfakes out there – and those to come?
If Cyabra and companies like it succeed, the next time you see a
politician or celebrity saying something you find reprehensible, it
might just be true.
Posted by AGORACOM-JC
at 2:58 PM on Tuesday, February 4th, 2020
MONTREAL, Feb. 04, 2020 — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the “Company”, the “Corporation†or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch products, issues this press release in response to recent trading activity in its shares, and stock price decline.
The Company does not usually opine on stock price and trading
activity, however, given the recent decline, and inquiries from
investors, the Company confirms the following:
Everything material has been disclosed by the Company in either its
press releases or quarterly reports. PyroGenesis further confirms that
none of the contracts press released are at risk. Last but not least,
the Company wishes to reassure PyroGenesis’ shareholders that we remain
on track with our current and prospective projects, and that all
contracted projects are being worked on, and such activity will be
reflected in Q1 2020 results.
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a high-tech company, is the world leader in
the design, development, manufacture and commercialization of advanced
plasma processes and products. We provide engineering and manufacturing
expertise, cutting-edge contract research, as well as turnkey process
equipment packages to the defense, metallurgical, mining, advanced
materials (including 3D printing), oil & gas, and environmental
industries. With a team of experienced engineers, scientists and
technicians working out of our Montreal office and our 3,800 m2
manufacturing facility, PyroGenesis maintains its competitive advantage
by remaining at the forefront of technology development and
commercialization. Our core competencies allow PyroGenesis to lead the
way in providing innovative plasma torches, plasma waste processes,
high-temperature metallurgical processes, and engineering services to
the global marketplace. Our operations are ISO 9001:2015 and AS9100D
certified, and have been since 1997. PyroGenesis is a publicly-traded
Canadian Corporation on the TSX Venture Exchange (Ticker Symbol: PYR)
and on the OTCQB Marketplace. For more information, please visit www.pyrogenesis.com.
This press release contains certain forward-looking statements,
including, without limitation, statements containing the words “may”,
“plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”,
“expect”, “in the process” and other similar expressions which
constitute “forward- looking information” within the meaning of
applicable securities laws. Forward-looking statements reflect the
Corporation’s current expectation and assumptions and are subject to a
number of risks and uncertainties that could cause actual results to
differ materially from those anticipated. These forward-looking
statements involve risks and uncertainties including, but not limited
to, our expectations regarding the acceptance of our products by the
market, our strategy to develop new products and enhance the
capabilities of existing products, our strategy with respect to research
and development, the impact of competitive products and pricing, new
product development, and uncertainties related to the regulatory
approval process. Such statements reflect the current views of the
Corporation with respect to future events and are subject to certain
risks and uncertainties and other risks detailed from time-to-time in
the Corporation’s ongoing filings with the securities regulatory
authorities, which filings can be found at www.sedar.com, or at
www.otcmarkets.com. Actual results, events, and performance may differ
materially. Readers are cautioned not to place undue reliance on these
forward-looking statements. The Corporation undertakes no obligation to
publicly update or revise any forward- looking statements either as a
result of new information, future events or otherwise, except as
required by applicable securities laws. Neither the TSX Venture
Exchange, its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) nor the OTCQB accepts
responsibility for the adequacy or accuracy of this press release.
SOURCE PyroGenesis Canada Inc.
For further information please contact: Rodayna Kafal, Vice President Investors Relations and Strategic Business Development, Phone: (514) 937-0002, E-mail: [email protected]
Posted by AGORACOM-JC
at 2:48 PM on Tuesday, February 4th, 2020
SPONSOR: New Age Metals Inc.
The company owns one of North America’s largest primary platinum
group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral
Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an
additional 1,059,000 PdEq Ounces Inferred. Learn More.
Anglo American chief ‘surprised’ by palladium bull market
The bull market in palladium has come as a surprise to the chief executive of Anglo American, one of the world’s biggest producers of the metal.
In an interview with the Financial Times, Mark Cutifani said he had not anticipated the barnstorming performance of palladium, which has surged 75 per cent over the past year to around $2,400 an ounce.
“Am I surprised prices have risen to this degree? Yes. And the reason
is I thought there would be more substitution [from carmakers] back to
platinum,†he said. “It will still happen over time. I have not changed
my view. What I underestimated, very clearly, was the focus on the
automakers have on making sure they manage emissions.â€
In March 2018 Mr Cutifani said the rapid rise in the precious metal’s
price has created a “bubble†but that its value was likely to remain
high for some time. At that point palladium was trading at around $1,350
an ounce. The price subsequently rose as high as $2,555 before dropping
back to about $2,400 today.
Palladium is a vital ingredient in catalysts for petrol and hybrid
cars that convert toxic emissions such as carbon monoxide and nitrogen
oxide to carbon dioxide, water and nitrogen. Demand for the metal has
increased due to tightening emission standards in the automotive
industry, particularly in China, that require more of it to be used in
car catalysts.
“The way I put it, the CEO of an auto company won’t get fired for
spending $20 on a vehicle on a bit more palladium. What they might get
fired for is not meeting their emissions targets. That’s the critical
issue,†said Mr Cutifani. After nearly a decade of undersupply the
market is now critically short of palladium and scrambling to find new
sources of supply.
It has also sparked a crime wave with thieves in London jacking up
cars to steal the catalytic converters, which are then sold to scrap
metal dealers for cash. Production of palladium is constrained because
it is mined as a byproduct of platinum and nickel — commodities where
new projects have been few and far between.
“What people are learning is that you can’t just turn its [supply] on
and off. It’s not a flick of the switch. Mines take a long time to
develop. Now, are we reacting, yes . . . but it takes a bit of time.â€
Additional reporting by Harry Dempsey in London.
Posted by AGORACOM-JC
at 2:32 PM on Tuesday, February 4th, 2020
Salinas greenhouse facility is currently operating 60,000 sq. ft. licensed canopy and contains ample room for expansion. The facility is also licensed for manufacturing and for distribution.
In late December completed first harvest at Salinas, California cultivation facility.
Harvested 2,687 plants that were included in the acquisition of the Qlora Group.
Anticipates completing testing and sale of the product in late January 2020, which will represent the first revenue generated by the Company in California.
Also completed an in-depth review and analysis of both the infrastructure and cultivation practices and will be implementing significant efficiencies over the course of the next four harvests.
Anticipates continual harvests of 2,000-3,000 plants every 25 days, with quality and yield improving with each harvest.
Product will be sold via wholesale agreements to existing Qlora clients in the interim as company prepares for the launch of NORTHBUD branded flower products in California in the third quarter of 2020.Â
Cannabis Production Facility in Reno, Nevada
Assumed control of Nevada operation licensed for cultivation, manufacturing and distribution throughout the state.
Announced the completion of the first harvest of approximately 175 indoor grown plants
Upon the completion of testing and processing, the product will be
distributed as NORTHBUD flower, pre-rolls and infused pre-rolls into
selected Nevada dispensaries.
The launching of NORTHBUD branded products into Nevada marks a significant milestone for the Company.
Request for Outdoor Cultivation License:
In the context of a regular follow-up communication with Health
Canada, representatives of the Company received verbal feedback that the
application review is complete and the reviewers do not have any more
questions
Subject to the re-submission of a required foreign police
certificate related to one of the foreign directors of the Company, the
Company will be in the final queue for receiving its licence.
The Company is confident that it will be able to file the
certificate promptly; however, there can be no assurance as to the exact
timing of the issuance of the licence by Health Canada or whether the
Company will receive any final request from Health Canada.
FULL DISCLOSURE: NORTHBUD is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM-JC
at 4:24 PM on Monday, February 3rd, 2020
Eric Sprott announces that, today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired ownership of 14,000,000 units of New Age Metals Inc.,
At a price of $0.05 per share for aggregate consideration of $700,000
Toronto, Ontario–(February 3, 2020) – Eric Sprott announces that, today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired ownership of 14,000,000 units of New Age Metals Inc., pursuant to a private placement, at a price of $0.05 per share for aggregate consideration of $700,000. Each unit consists of one common share and one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share at an exercise price of $0.10 per share for a period of two years.
Mr. Sprott now beneficially owns and controls 14,000,000 common
shares and 14,000,000 common share purchase warrants of New Age Metals
(representing approximately 10.2% of the outstanding shares on a non
diluted basis and approximately 18.6% on a partially diluted basis).
Prior to the acquisition, Mr. Sprott did not beneficially own or control
any shares of New Age Metals Inc.
The units were acquired by Mr. Sprott, through 2176423 Ontario for
investment purposes. Mr. Sprott has a long-term view of the investment
and may acquire additional securities of New Age Metals including on the
open market or through private acquisitions or sell securities of New
Age Metals including on the open market or through private dispositions
in the future depending on market conditions, reformulation of plans
and/or other relevant factors.
New Age Metals is located at Suite 101-2148 West 38th Avenue,
Vancouver, BC V6M 1R9. A copy of 2176423 Ontario’s early warning report
will appear on New Age Metals profile on SEDAR at www.sedar.com
and may also be obtained by calling Mr. Sprott’s office (416) 945-3294
(200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto,
Ontario M5J 2J1).
New trading platform aims to unlock investment in renewables, big batteries
A digital energy trading platform that paves the way for clean energy technologies, including “big batteriesâ€, to participate directly and optimally in the wholesale electricity market is set to be launched with the backing of the Australian Renewable Energy Agency
A digital energy trading platform that paves the way for clean energy
technologies, including “big batteriesâ€, to participate directly and
optimally in the wholesale electricity market is set to be launched with
the backing of the Australian Renewable Energy Agency.
The first of its kind online market platform called the Renewable Energy Hub
creates power purchasing deals customised to new energy technologies,
including grid-scale battery storage systems, rather than outdated
contract templates designed around coal and gas plants.
Renewable Energy Hub’s head of markets Chris Halliwell said the
traditional market used by generators and retailers to hedge against
huge fluctuations in wholesale electricity prices worked to effectively
shut out new technologies by presuming an ability to provide “baseloadâ€
generation.
He says the Hub, which claims to have so far contracted more than
2GWh of renewable electricity, will be a “real head turner†for the
electricity market when it launches in the next couple of months, and a
boon to both renewable energy developers and big energy users.
The Hub’s parent company, TFS Green, has already successfully trialled a “firm solar contract†product, as RenewEconomy reported in 2018,
which replicates the “shape†of solar generation, and then matches the
buyer’s needs with contracts for supply to the wholesale market, thus
guaranteeing a flat and fixed price for that power.
“It is de-risking and firming up solar generation for project owners
and market participants,†Halliwell told RenewEconomy at the time.
But the scope of the fully-launched Renewable Energy Hub will extend
well beyond solar and, says Halliwell, will be particularly well suited
to “firming technologies†like battery storage.
“This effectively turns a financial firming solution into a physical
firming solution, hastening the arrival of those storage and other
balancing resources required to help the energy system make the required
transition to 100 per cent renewables,†said Halliwell.
Already, the lack of any longer-term renewable energy policy beyond
the RET is believed to have been a bit player in a massive slump in
investment in large-scale solar and wind in 2019, confirmed at 60 per
cent below 2018 levels by BloombergNEF, and at a 50 per cent reduction by the Clean Energy Council.
“(The Renewable Energy Hub) will drive project finance and investment
and unlock uptake of renewaables,†Halliwell said, allowing renewable
energy developers to capture better pricing via contracts better suited
to their technology type.
“It will also provide new incentives for market players to seek out
assets – such as batteries and other ‘balancing’ resources – that can
firm up the intermittency of renewables.â€
On the other side of the market, Halliwell added, it will help meet
the demands of a booming audience of corporate customers looking to
transact energy in a different way.
Posted by AGORACOM-JC
at 8:48 AM on Monday, February 3rd, 2020
Closed a fully subscribed private placement of 40 million units for aggregate gross proceeds of $2-million managed by IBK Capital Corp.
February 3, 2020 – Rockport, ON, Canada – New Age Metals Inc. (the “Company”) (TSXV:NAM); (OTC:NMTLF); (FSE:P7J) has closed a fully subscribed private placement of 40 million units for aggregate gross proceeds of $2-million managed by IBK Capital Corp. Each Unit consisted of one common share and one common share purchase warrant (“Warrant”), where each Warrant entitles the holder to purchase one additional common share at a price of $0.10 per share for a period of two (2) years from the date of closing.
In connection with the closing, the Company
paid fees to IBK Capital Corp. in the amount of $104,000 in cash and
issued 3,300,000 broker warrants. The Company also paid fees to Mackie
Research Capital Corporation in the amount of $28,000 in cash and issued
700,000 broker warrants. Each broker warrant is exercisable into a unit
under the same terms as the private placement.
New Age Metals is pleased to announce that
Eric Sprott, through 2176423 Ontario Ltd., has purchased $700,000 of the
fully subscribed private placement. A new insider was created in
connection with the financing. 2176423 Ontario Ltd. (a company
beneficially owned by Eric Sprott) purchased 14,000,000 units of the
Company representing approximately 18.56% of the Company’s current
issued and outstanding shares on a post conversion beneficial ownership
basis. Prior to his purchase, 2176423 Ontario Ltd. (Eric Sprott) did not
beneficially own or control any securities of the Company. The Units
were acquired for investment purposes.
Harry Barr, Chairman and Chief
Executive Officer of New Age Metals, reports: “We are very pleased to
have Eric Sprott as a partner of New Age Metals Inc. His record of
success is quite simply unmatched.”
The gross proceeds of this financing will
be used to develop the Company’s 100-per-cent owned River Valley
palladium project, located 60 miles from the Sudbury metallurgical
complex in Sudbury, Ontario.
All securities issued in connection with
the private placement are subject to regulatory approval and are subject
to a four month plus one day hold period expiring on June 4, 2020, in
accordance with applicable Securities Laws.
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If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news or click here.
About NAM
New Age
Metals is a junior mineral exploration and development company focused
on the discovery, exploration and development of green metal projects in
North America. The Company has two divisions; a Platinum
Group Metals division and a Lithium/Rare Element division. The PGM
division includes the 100% owned River Valley Project, one of North
Americas largest undeveloped Platinum Group Metals Projects, situated
100 kilometers from Sudbury, Ontario as well as the Genesis PGM Project
in Alaska. The Lithium division is the largest mineral claim holder in
the Winnipeg River Pegmatite Field where the Company is exploring for
hard rock lithium and various rare elements such as tantalum and
rubidium. Our philosophy is to be a project generator with the objective
of optioning our projects with major and junior mining companies
through to production. New Age Metals is a junior resource company on the TSX Venture Exchange, trading symbol NAM, OTCQB: NMTLF; FSE: P7J with 96,843,766 shares issued to date.
Investors
are invited to visit the New Age Metals website at www.newagemetals.com
where they can review the company and its corporate activities. For further information any questions or comments can be directed to [email protected] or Harry Barr at [email protected] or Cody Hunt at [email protected] or call 613 659 2773.
On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr, Chairman and CEO
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.
Cautionary Note Regarding Forward
Looking Statements: This release contains forward-looking statements
that involve risks and uncertainties. These statements may differ
materially from actual future events or results and are based on current
expectations or beliefs. For this purpose, statements of historical
fact may be deemed to be forward-looking statements. In addition,
forward-looking statements include statements in which the Company uses
words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”,
“confident”, “intend”, “strategy”, “plan”, “will”, “estimate”,
“project”, “goal”, “target”, “prospects”, “optimistic” or similar
expressions. These statements by their nature involve risks and
uncertainties, and actual results may differ materially depending on a
variety of important factors, including, among others, the Company’s
ability and continuation of efforts to timely and completely make
available adequate current public information, additional or different
regulatory and legal requirements and restrictions that may be imposed,
and other factors as may be discussed in the documents filed by the
Company on SEDAR (www.sedar.com), including the most recent reports that
identify important risk factors that could cause actual results to
differ from those contained in the forward-looking statements. The
Company does not undertake any obligation to review or confirm analysts’
expectations or estimates or to release publicly any revisions to any
forward-looking statements to reflect events or circumstances after the
date hereof or to reflect the occurrence of unanticipated events.
Investors should not place undue reliance on forward-looking statements.
Copyright (c) 2020 TheNewswire – All rights reserved.
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