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Namaste $N.ca Announces 2017 Audited Financials With Corporate Update $ATT.ca $ABCN.ca $ACG.ca $ACB $WEED.ca $HIP.ca

Posted by AGORACOM-JC at 4:59 PM on Monday, January 8th, 2018

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2017 Financials – Highlights

  • Net revenue of $11.0 million (2016 – $3.5 million),
  • An increase of $7.5 million or 215% year-over-year

VANCOUVER, British Columbia, Jan. 08, 2018 — Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N) (FRANKFURT:M5BQ) (OTCMKTS:NXTTF) is pleased to announce the filling of its audited financial statements, management discussion and analysis, and certification of annual filings for the year ended August 31st, 2017 (collectively, the “2017 Financials”).  The company’s 2017 gross revenue of C $10,981,414 which represents a 211% year-on-year growth increase was achieved through strategic acquisitions and consolidation of industry competitors, as well as through the implementation of advanced e-commerce technologies targeted to grow organic traffic and increase on-site conversion rates. Namaste expects to see strong revenue growth in its cannabis hardware business entering into 2018 through further optimization and expansion of operations in emerging markets. Namaste looks forward to soon receiving its Access to Cannabis for Medical Purposes Regulations (“ACMPR”) medical cannabis “sales-only” license whereby the company will enter a new revenue vertical by selling medical cannabis through its online platform. Namaste believes its expertise in e-commerce and website optimization, along with its existing database of Canadian consumers, will propel the Company to becoming the largest distribution channel for the sale of medical cannabis online. During the 2017 financial period, all of Namaste’s revenue was driven through hardware sales and does not include any medical cannabis sales.

2017 Financials – Highlights

  • Net revenue of $11.0 million (2016 – $3.5 million), an increase of $7.5 million or 215% year-over-year. The increase in net revenue is primarily due to organic growth, and the acquisitions of Australian Vaporizers PTY Ltd., URT1 Limited and Haze Industries, Inc., which provided revenues of $2.1 million, $1.7 million and $1.3 million, respectively.
  • Gross profit of $1.4 million (2016 – $1.1 million), an increase of $0.3 million or 27% year-over-year. As a percentage of sales, the gross margin declined to 13% during the period, as compared to 32% in the prior year. The gross profit decline was primarily due to a non-cash inventory write-down of $0.6 million. Gross margin further declined due to a decrease in the price mark-up of products sold to retail customers, an increase in discounts issued to customers, an increase in shipping cost related to product sales, and a foreign currency depreciation in sales generated in British Sterling relative to the Canadian Dollar.
  • Operating costs were $19.5 million (2016 – $3.3 million), an increase of $16.2 million year-over-year. The increase in operating costs is primarily due to non-cash items such as stock-based compensation inventory write-downs, amortization of intangibles and an impairment of goodwill and intangible assets, which totaled $13.5 million. Excluding non-cash expenses, the increase in operating costs was comparable to the growth in revenue.  In addition to this, there were increases in administrative, consulting, advertising, and salary costs, which are in line with revenue growth. Lastly, there were non-recurring legal and consulting expenses of $0.4 million in relation to the acquisitions of URT1 Limited, Australian Vaporizers PTY Ltd. and CannMart Inc. during the period under review.
  • Net losses were $17.4 million (2016 – $1.9 million), an increase of $152 million year-over-year. The increase in net losses is primarily due to $13.5 million in non-cash charges.

2018 Strategic Initiatives

  • Official Launch of Namaste MD:

In November of 2017, Namaste soft-launched a beta version of its revolutionary telemedicine mobile application, NamasteMD.com, which is a virtual consultation portal that connects patients with nurse practitioners to facilitate issuance of medical documents. NamasteMD is presently available on desktop and Google Android platforms, while the Company is updating the iOS version and is awaiting approval in the Apple store. NamasteMD is the only virtual application for the Canadian medical cannabis industry that incorporates exclusive age and identity verification technology, utilizing facial recognition and direct connection to federal databases. NamasteMD.com is being implemented as a patient acquisitions tool for Namaste to leverage its existing database of Canadian consumers and daily site traffic. Initial testing user feedback has been taken into consideration, and the Company plans an official launch of the platform very soon.

  • Cannmart Medical Cannabis Marketplace:

In May of 2017, Namaste acquired Cannmart Inc. (“Cannmart”), a late stage applicant under Canada’s ACMPR program for a medical cannabis “sales-only” license. Namaste is presently under construction for a state-of-the-art processing facility with the intention of launching an online marketplace for medical cannabis that will include products from multiple domestic and international licensed producers. The Company is specifically focused on the international importation niche as it sees value in importing high quality medical cannabis from international markets like Israel, which leads the industry in cannabis research and development. NamasteMD patients will have immediate access to Cannmart’s online platform which will focus on carrying the largest variety of medical cannabis including oils, extracts, and edibles, when they become available in the Canadian market.  Cannmart will offer same-day delivery for medical cannabis products in the Greater Toronto Area (“GTA”) and will offer additional services including order fulfilment for out-of-province licensed producers as cannabis packaging and pre-filled strain cartridges. The Company will utilize its expertise in optimizing the consumer experience in an online platform and believes that Cannmart has the potential to become Canada’s leading retailer for medical cannabis.

  • Technology Implementations

Throughout 2017, Namaste developed several enterprise level software platforms out of necessity for its operations, including a fully integrated middleware solution. The Company also developed NamasteMD as described above which will affect the way patients connect with doctors or medical practitioners to issue medical documentation. Namaste believes that there is significant value in its software platforms and their potential use in partnerships with other industry leaders. Namaste, through its research of existing seed-to-sale software platforms, believes that there is a large gap in the industry for a software platform to provide a vertically integrated solution for medical cannabis retail sales and that the software could be made available and utilized across the industry. Namaste plans to explore software licensing opportunities as it sees demand for its technology across the industry.

  • Emerging Markets

Further to the Company’s 215% year-on-year increase in revenue, Namaste’s core business of hardware sales continues to grow rapidly through expansion into emerging markets like Mexico and Brazil, as well as in markets like Australia where the Company maintains a large market share. The Company’s marketing and SEO team are highly focused on increasing site traffic through strategic partnerships and improving on-site conversion rates by implementing new technology across its e-commerce platform. The Company expects to see continued growth through its hardware business both domestically and abroad.

  • Profitability:

Further to the Company’s news release dated December 22, 2018, Namaste signed a Fulfillment Agreement with Greenlane Canada, which represents a key component of Namaste’s strategy moving forward, and is expected to have an immediate impact on cash-flow. The partnership further demonstrates Namaste’s commitment to focusing its resources towards the expansion of its global network, in an attempt to solidify its place in the Canadian market as a dominant player. Namaste’s management remains focused on streamlining its current operations by taking cost cutting measures, such as the Greenlane partnership, to help fuel future growth and ultimately achieve profitability in early to mid 2018.

  • Market Penetration:

Namaste continues to establish itself as the leader in the development and deployment of cutting edge technology solutions specifically designed for the medical cannabis industry. Namaste believes these technological advances will play a vital role moving forward, in an attempt to provide Canadian users with a safe and reliable platform to help meet the growing demand for medical cannabis. As demonstrated in 2017, it remains highly evident that there is a significant demand for many of the products and services Namaste is able to provide and Namaste fully intend on continuing to pursue new opportunities in the Canadian market. In only a short time, Namaste has been able to take significant strides in penetrating the medical cannabis market by focusing its efforts on developing more efficient medical cannabis delivery systems that it believes will become industry standard. By working with many of Canada’s leading ACMPR licensed producers, Namaste believes it is well-positioned to exploit additional opportunities it has identified within the medical cannabis market, and fully anticipates seeing the further adoption of many of its existing technological initiatives moving forward. These agreements solidify our desire to work with top Canadian LP’s in an attempt to pursue growth in the medical cannabis online retail marketplace.

Management Commentary

Sean Dollinger, President and CEO of Namaste comments: “2017 has been truly transformational for Namaste and its shareholders.  As a result of many new and exciting initiatives, Namaste was able to form many strategic partnerships over a relatively short period of time, and sees no sign of that trend slowing down moving into 2018. To have many of the largest Canadian LP’s see value in the products and services we provide is a true testament to both the need and desire for technological solutions within the medical cannabis industry. The industries keen interest in the adoption of our platform, further validates the inherent value our systems are able to bring, and it is extremely exciting to see our efforts being rewarded. Namaste sees major opportunities in expanding the software platform and in developing a more robust and advanced seed-to-sale platform, as it believes the industry is still lacking an appropriate vertically integrated solution that will allow for further growth of the Canadian medical cannabis online retail industry.

We will continue to innovate in the Canadian medical cannabis market, as we believe many of our initiatives will have first to market advantage as consumers look for more efficient and reliable sources of medical cannabis. With this in mind, we believe we have positioned ourselves extremely well to achieve profitability, as we remain focused on completing construction at the Cannmart facility in anticipation of receiving our ACMPR “sales-only” license. Once obtained, Namaste believes it will be one of the most well-positioned companies in the Canadian cannabis market, and will be able to offer a diverse range of products and services globally. We’re very excited going forward as the impressive revenue growth to-date having been derived from hardware sales only, presents Namaste with vast opportunity moving forward in the medical cannabis online retail industry.”

About Namaste Technologies Inc.
Namaste is the largest online retailer for medical cannabis delivery systems globally. Namaste distributes vaporizers and smoking accessories through e-commerce sites in 26 countries and with 5 distribution hubs located around the world. Namaste has majority market share in Europe and Australia, with operations in the UK, US, Canada and Germany and has opened new supply channels into emerging markets including Brazil, Mexico and Chile. Namaste, through its acquisition of Cannmart Inc., a Canadian based late-stage applicant for a medical cannabis distribution license (under the ACMPR Program) is pursuing a new revenue vertical in online retail of medical cannabis in the Canadian market. Namaste intends to leverage its existing database of Canadian medical cannabis consumers, along with its expertise in e-commerce to create an online marketplace for medical cannabis patients, offering a larger variety of product and a better user experience.

Forward Looking Information

This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions. Namaste assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.

Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com.

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release

On behalf of the Board of Directors

“Sean Dollinger”
Chief Executive Officer
Direct: +1 (786) 389 9771
Email: [email protected]

Further information on the Company and its products can be accessed through the links below:

www.namastetechnologies.com
www.namastevaporizers.co.uk
www.everyonedoesit.co.uk

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#Palladium ETF Continues Its Blistering Pace #PGM $NAM.ca $WG.ca $XTM.ca $WM.ca

Posted by AGORACOM-JC at 3:49 PM on Monday, January 8th, 2018

  • Among the largest contributors of industrial demand, robust global auto sales fueled greater demand for the precious metals as part of catalytic converters to diminish harmful gas emissions
  • About 40% and 75% of annual demand for platinum and palladium, respectively, apply to autocatalysts in combustion engines

The ETFS Physical Palladium Shares (NYSEArca: PALL) gained nearly 3% last week, extending a run that saw the lone palladium-backed exchange traded fund surge more than 57% in 2017.

Among the largest contributors of industrial demand, robust global auto sales fueled greater demand for the precious metals as part of catalytic converters to diminish harmful gas emissions. About 40% and 75% of annual demand for platinum and palladium, respectively, apply to autocatalysts in combustion engines.

“The spot price for the precious metal only needs to climb by another 1.6 percent in London trading to push past an all-time high that’s stood for 17 years. At the current pace of gains, that could happen within days,” reports Bloomberg. “New York futures for the metal, used to cut car exhaust fumes, already touched the highest for a most-active contract in records going back to 1986.”

Other critics also contend that the popularity of ride sharing platforms indicate a peak in auto demand, which may reflect the weak U.S. auto sales among the Millennial demographic favoring a sharing based economy. This trend may actually spur higher total miles driven and reduce average vehicle lives. The shifting demand to higher total miles driven could potentially reshape the cyclical nature of the industry.

Still, palladium is expected to be in a supply deficit this year, which bodes well for prices.

Source: https://www.etftrends.com/palladium-etf-continues-its-blistering-pace/

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How will the #socialmedia landscape change in 2018? $Peek.ca $BCOV $AVID

Posted by AGORACOM-JC at 11:33 AM on Monday, January 8th, 2018
  • Live video will become even more important
  • The power of a live video will lead to new immersive experiences, gaining immediate engagement with an audience that grows more into a new way of communication
  • This could bring new opportunities for user-generated content and campaign promotion, while influencer marketing can become even more engaging with live streaming

New year brings new goals. What should we expect from social media in 2018.

Author

Tereza Litsa

It’s a new year and it’s time to look ahead. What are the social media trends, both existing and emerging, that will keep us busy through 2018?

The end of Facebook engagement bait

Facebook will demote the posts that directly encourage users to engage with a page, begging for like, shares and comments. With those posts absent from our newsfeeds, Facebook page managers must re-evaluate their engagement strategies.

Both clickbait and engagement bait are on Facebook’s watchlist. This means that 2018 will be the year that we’ll notice a shift of content on Facebook, hoping to promote more quality content.

Instagram is going to become even more popular

Instagram now counts more than 800 million monthly active users, including more than 25 million businesses. With more than 200 million users visiting those profiles every day, we expect Instagram to focus even more on ecommerce and conversions.

“Shopping on Instagram” showed up in December as a test to tag products in a post. This can simply be the beginning of a new fruitful use of Instagram for merchants. The improved analytics and the increased ways to capitalize on your content’s success can also lead to new business opportunities.

The possibility of a ‘Regram’ button

Instagram users have long asked for an option to make sharing easier across the platform. “Regram” has been a popular third-party option to share Instagram content and now it might be a native feature on the platform.

According to Matt Navarra, Instagram has rolled out a ‘regram’ button to a small number of users and we might see it rolling out to everyone in 2018. Marketers would then have to think of new ways to make their content more ‘shareable’ to extend their reach.

Live video will become even more important

More marketers are ready to explore how to include it live streaming as part of their digital strategy and it’s already available across many social networks. The power of a live video will lead to new immersive experiences, gaining immediate engagement with an audience that grows more into a new way of communication.

This could bring new opportunities for user-generated content and campaign promotion, while influencer marketing can become even more engaging with live streaming. The challenge will be to deciding which platform to use, with Facebook, Instagram, YouTube and Twitter offering options. The best way to start is to go where your audience is and then to experiment with different platforms.

Dark social to dominate sharing activity

The rise of private and safe sharing has created the need to measure the dark social traffic. Marketers are facing the challenge of understanding this unattributed traffic, which can help them produce more accurate metrics for their content’s performance.

As users tend to prefer private channels, messaging apps and secure browsing, social analytics will evolve. More tools will show up trying to help marketers exploring how their content gets shared.

Facebook Groups will bridge the gap between profiles and Pages

The new trend of private sharing and the continuous struggle to maintain a Facebook page’s reach can benefit the rise of Facebook Groups. Facebook has already introduced a series of new tools to improve their functionality and highlight the power of the communities.

Marketers can discover a new type of engagement. At the same time, the introduction of Group Insights and the option to associate a Group with a Page can revitalize your existing engagement.

Pinterest will become an even more powerful visual search engine

Pinterest has turned into a powerful visual search engine. The average user starts searching on the platform two to three months before making a purchase, which makes Pinterest extremely valuable for brands.

There have already been important steps in 2017 to make the pins more ‘shoppable’. We expect to see more brands trying out Pinterest’s potential, finding the audience that is ready to turn into customers.

The rise of Messenger

There are now more than 1.3 billion monthly users on Facebook’s Messenger. These people have generated more than 2 billion conversations with businesses, which means that marketers cannot ignore this trend.

There has been a preference for private messages and safe sharing among specific people. As users shift from public posts to messaging apps, marketers need to be prepared for the era that messaging becomes part of their strategy. And that’s when the bots arrive.

The bots are coming

The rise of Messenger has also brought the rise of bots. According to Facebook, there are now more than 100,000 monthly active bots on the Messenger platform, a number that will significantly increase in 2018.

Bots serve as a great example of how AI can be part of an improved brand experience, boosting brand awareness, customer acquisition, engagement and customer support.

Messenger has also announced the decision to update its sharing SDK to improve conversational and contextual sharing. This can bring a further increase in the brands trying out bots as part of their marketing strategy. What’s important is to remember that bots cannot replace the human element and it’s crucial to create a voice that doesn’t alienate your audience from your brand.

More Instagram Stories campaigns will show up

Instagram’s ephemeral format has seen great success in 2017, counting more than 300 million daily active Stories users. Many brands have experimented with their own content in Stories, from spontaneous clips to planned campaigns.

As Stories rise in popularity, we expect more detailed analytics to help brands understand the performance of their content. The fact that you can now save your Stories to last more than 24 hours makes this format even more appealing.

2018 takeaways

Even if our crystal ball doesn’t end up being accurate, these tips should help you:

  • Use social media to engage your audience.
  • Think like a human being, not like a brand.
  • Find the best ways to blend creativity and personalization.
  • Invest in analytics to find the challenging ROI.
  • Don’t forget to be authentic, even as an automated chatbot.

Source: https://www.clickz.com/social-media-landscape-2018/206963/

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betterU Education Corp. $BTRU.ca Increases Core Leadership and Expands Global Footprint to Western Europe $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 9:21 AM on Monday, January 8th, 2018

Betteru large

  • Begun the hiring of its key global leadership as part of the Corporation’s expansion plans and in preparation of the proposed US$100 million funding which the Corporation still expects to close on or before March 15th 2018
  • Mr. Stefan Strub has joined betterU on January 4th 2018 as the Director of Western Europe to support the Corporation’s access and growth to Western Europe’s education, corporate, employment and government partnerships

OTTAWA, Ontario, Jan. 08, 2018 – betterU Education Corp. (the “Corporation” or “betterU”) is pleased to announce that it has begun the hiring of its key global leadership as part of the Corporation’s expansion plans and in preparation of the proposed US$100 million funding which the Corporation still expects to close on or before March 15th 2018.  Mr. Stefan Strub has joined betterU on January 4th 2018 as the Director of Western Europe to support the Corporation’s access and growth to Western Europe’s education, corporate, employment and government partnerships. Mr. Strub will operate in Switzerland and report to betterU’s President and CEO until the Corporation has completed the recruitment process for their Chief Operating Officer which is also expected to be completed by February 2018.

Mr. Strub has extensive experience in management and business development with a spark for entrepreneurship. He holds a Master’s degree in Banking & Finance from the University of St. Gallen and a Bachelor in Economics & Business Administration from the University of Zurich, Switzerland. For the last 6 years he has worked in the financial services industry and has a successful track record in leading both strategy development & executing on projects in various countries across Europe, Asia, the Americas and the Middle East. “I am always on the lookout for good talent having both intellectual and emotional intelligence, hardworking, pleasant to work with and of course has a passion to make a difference in people’s lives. Building a business such as betterU requires dedication and strategic thinkers who are passionate every day. I knew the first time I met Stefan that he had the qualities to not only fit within our culture, but also help us grow our partnerships in Western Europe,” said Brad Loiselle, President and CEO of betterU.

Having the right leaders in place to support resource acquisition and management is critical and Mr. Strub is part of this support. Upon completion of the funding, over the course of 2018, the Corporation plans to hire several hundred additional resources which would include:

  • resources for the expansion of their Canadian head office’s core IT, financial, M&A, brand, creative, global management and governance teams.
  • resources across the USA, Europe and Australia focused on partnership development to support betterU’s marketplace services.
  • resources in India to support the maintenance and growth of betterU’s marketplace, additional Ed-Tech initiatives, national marketing campaigns, business development, operations and overall to provide global support services.

About betterU

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

www.betterU.ca and www.betterU.in

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements in this release are forward-looking statements, which include completion of the proposed Investment, the anticipated use of the proceeds of the Investment, the development and expansion of betterU’s operations, and other matters. There can be no assurance that the Investment will be completed as proposed or at all. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the development of competitive technologies, the marketplace acceptance of betterU’s products, and other factors, many of which are beyond the control of betterU. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, betterU disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, betterU undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. Further information on betterU’s public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.

On behalf of the Board of Director,
better Education Corp.
Brad Loiselle, CEO

For further information:

Gurinder Sandhu
Investor Relations
1-613-695-4100 Ext. 233
Email: [email protected]

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ThreeD Capital $IDK.ca Teams Up With St-Georges Eco-Mining $SX.ca $SXOOF On $20M Debenture Offering For Subsidiary #ZeU #Crypto Networks $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 8:48 PM on Sunday, January 7th, 2018

Threed capital

  • Teamed up with St-Georges Eco-Mining Corp. (CSE:SX) (OTC:SXOOF) (FSE:85G1) to introduce ZeU Crypto Networks to its global network and blockchain ecosystem
  • Sheldon Inwentash, Chairman and CEO of ThreeD Capital stated, “… ZeU Crypto Networks could represent the most disruptive protocol of the already disruptive blockchain industry.”

TORONTO, Jan. 07, 2018 — ThreeD Capital Inc. (the “Company”) (CSE:IDK), a Canadian-based venture capital firm focused on investments in promising, early stage companies with disruptive capabilities, is pleased to announce today that it has teamed up with St-Georges Eco-Mining Corp. (“St-Georges”) (CSE:SX) (OTC:SXOOF) (FSE:85G1) to introduce ZeU Crypto Networks (“ZeU”) to its global network and blockchain ecosystem. St-Georges has 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 (“Debentures”) on a non-brokered offering basis (the “Offering”).

Sheldon Inwentash, Chairman and CEO of ThreeD Capital 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.”

Blockchain and Smart Contract Technology License

On January 4, 2018, St-Georges 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”). St-Georges immediately assigned the License to its newly formed wholly owned subsidiary, ZeU Crypto Networks Inc.

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 December 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.

About ThreeD Capital Inc.

ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources, Artificial Intelligence and Blockchain sectors.

ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services, mentoring and access to the Company’s network in order to earn increases to the Company’s equity stake.

For further information: Gerry Feldman, CPA, CA Chief Financial Officer and Corporate Secretary
[email protected] Phone: 416-606-7655

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Posted in All Recent Posts, Blockchain stocks, Canadian Blockchain Stocks, Featured, St Georges Eco-Mining Technologies, ThreeD, ThreeD Capital | Comments Off on ThreeD Capital $IDK.ca Teams Up With St-Georges Eco-Mining $SX.ca $SXOOF On $20M Debenture Offering For Subsidiary #ZeU #Crypto Networks $HIVE.ca $BLOC.ca $CODE.ca

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

Sx large

  • 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.

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#Palladium Nears Record as Shortage Starts to Squeeze Carmakers $NAM.ca $WG.ca $XTM.ca $WM.ca

Posted by AGORACOM-JC at 2:36 PM on Friday, January 5th, 2018
  • Palladium is within touching distance of a record high amid a looming shortage of the metal used to curb harmful emissions from gasoline-fueled vehicles
  • Metal for immediate delivery nudged 0.3 percent lower to $1,096.45 an ounce,
  • Just shy of its all-time best of $1,125 in 2001
  • Metal for March delivery was 0.4 percent lower at $1,090.15 on the New York Mercantile Exchange, still close to the record for the contract hit this week.
A palladium ingot.Photographer: Andrey Rudakov/Bloomberg
By Eddie Van Der Walt

Palladium is within touching distance of a record high amid a looming shortage of the metal used to curb harmful emissions from gasoline-fueled vehicles.

Metal for immediate delivery nudged 0.3 percent lower to $1,096.45 an ounce, just shy of its all-time best of $1,125 in 2001. Metal for March delivery was 0.4 percent lower at $1,090.15 on the New York Mercantile Exchange, still close to the record for the contract hit this week.

“Prices have continued to rally, building on last year’s gains, with investors anticipating that 2018 will be another great year,” said Georgette Boele, a currency strategist at ABN Amro Bank NV. “But I’m not that optimistic. For a while already that optimism has been built too much on the recycling of already known positive news.”

The metal surged 56 percent last year, among the top-performing commodities, as investors grappled with the possibility of a shortage as demand from the car industry grows, especially in China. The metal is forecast to be in a deficit of about 835,000 ounces this year, according to Citigroup Inc.

The bank expects autocatalyst consumption to continue to rise, breaching 8 million ounces this year, although to some degree offset by sizeable increases in autocatalyst scrap, according to a report last month.

In other precious metals, gold investors will be eyeing U.S. employment data for December due Friday for signs of continued momentum in the world’s largest economy. The report is expected to show that nonfarm payrolls rose 190,000 last month, according to a Bloomberg survey.

Spot gold fell 0.4 percent to $1,317.33 an ounce, after rising to $1,326.07 on Thursday, the highest level since Sept. 15. The metal is up for a fourth straight week, the longest stretch since June.

— With assistance by Ranjeetha Pakiam

Source: https://www.bloomberg.com/news/articles/2018-01-05/palladium-builds-on-last-year-s-stellar-gains-to-head-for-record

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Canadian #cannabis producers set their sights on global domination $N.ca $TBP.ca $MCOA $AERO $CBDS $CGRW $APH.ca $GBLX

Posted by AGORACOM-JC at 11:10 AM on Friday, January 5th, 2018

  • Medical research forcing an end to prohibition
  • “I’ve never experienced anything like this,” says Ranjeev Dhillon, a corporate lawyer and partner at the law firm Bennett Jones. Most of his practice now centres on the cannabis export business.
  • In recent months, more than a dozen countries have legalized medical marijuana

Medical marijuana consumers in Prague rang in 2018 with a new Canadian import, Tilray Milled Cannabis, a high THC marijuana product grown on Vancouver Island.

The Czech Republic is just the latest nation to sell Canadian weed, joining Germany, Australia, New Zealand and a growing list of other nations which are turning to Canada as a safe and legal source for medical grade cannabis.

In recent months, more than a dozen countries have legalized medical marijuana. New laws are pending in at least a dozen more as national regulators and even the World Health Organization recognize legitimate medical uses for a drug which had long been banned under international treaties.

The moves have sparked an unprecedented demand for legally grown, high quality marijuana, as well as the oil which is extracted from it. Seven Canadian producers have been granted licences to export the crop. By the end of March they will have sent 528 kilograms of dried cannabis flower and 911 litres of oil overseas. That may well be just an initial trickle, as the floodgates open on an international medical cannabis market.

“I’ve never experienced anything like this,” says Ranjeev Dhillon, a corporate lawyer and partner at the law firm Bennett Jones. Most of his practice now centres on the cannabis export business.

Brendan Kennedy of Tilray says Canada is the source of the safest product when regulators in other countries go looking for medical marijuana. (Evan Mitsui/CBC)

“I think it means that we’ll be a global player,” he says, stressing this is a positive development for the Canadian economy. “This could be our opportunity to be viewed the same as we are in mining or hockey. We’ll be world class and be world leaders and I think that will stay to be the case for a very, very long time.”

Medical research forcing an end to prohibition

For decades an international ban on the production and use of cannabis kept to a minimum any legitimate research into potential medical uses. Prohibition ensured that marijuana cultivation stayed in the hands of illegal growers, and distribution was limited to the criminal underground.

But many users saw value in cannabis as treatment for a variety of conditions, ranging from controlling epileptic seizures to pain relief to stress control.

Israeli scientist Raphael Mechoulam began limited research on the drug in the early 1960s, which led to the discovery of the human endocannabinoid system. By the mid-1990s, scientists determined that cannabinoid receptors play a vital role in the function of the human body. For the first time synthetic cannabinoid derivatives were approved for medical use, primarily for the treatment of nausea and wasting syndrome.

At the same time anecdotal evidence was building to suggest cannabis could have other, more widespread medical uses. Patients who claimed benefits from cannabis went to court seeking the right to use marijuana as medicine without facing the risk of criminal prosecution.

In 2000 the Ontario Court of Appeal ruled that Terry Parker, a man with severe epilepsy, should have the right to use marijuana to moderate his severe seizures.

One year later, Canada’s Medical Marijuana Access Program was introduced, allowing patients who had obtained a doctor’s consent to grow their own marijuana under a special permit. By 2013 more than 28,000 Canadians had been granted personal use production licences, leading to a flood of unregulated home-grow operations, and along with it a risk of fires, mould contamination in homes, and legally grown weed being diverted to the black market.

In an effort to crack down on the home grow-ops, the Harper Conservative government introduced new legislation that established legal grow operations which could provide medical marijuana through a mail order service. The Marijuana for Medical Purposes regulations, enacted in 2014, set Canada apart as the first nation to establish a regulated commercial cannabis cultivation industry.

Canadian pot finds a role in the world market

As Canada moves towards legal recreational weed in July, the number of licensed growers has swelled to 84, production is skyrocketing, and research into new growing techniques and improved strains is increasing exponentially. This has placed Canada in a unique role as other nations scramble to find safe and legal supplies of medical cannabis.

Cam Battley, executive vice president of Aurora, shows off Aurora Vie’s Pointe-Claire, Que., facility. Canadian producers have expertise in greenhouse technology, extraction methods, strains and genetics. (CBC)

“When regulators in other countries are looking for a product, Canada is really the source of the safest product. It’s the safest bet,” explains Brendan Kennedy, the CEO of Nanaimo-based Tilray, a pioneer in cannabis exports.

Tilray is among several Canadian producers already exporting to Germany, which established a widespread marijuana access program last spring. Not only is cannabis stocked in German pharmacies, the government pays for the drug under its government health insurance program.

Until it can establish a domestic industry, Germany is importing from Canada. Along with Tilray, Canadian producers Aurora, Cronos and Canopy Growth are tapping the German market. Aurora has even gone a step further, purchasing pharmaceutical supplier Pedanios, with an eye to expanding its distribution in the European market.

Following Germany, several other European countries, including Greece, Italy, Poland and the Czech Republic, passed new medical cannabis laws. Several others are following. A report published in November places the value of the European cannabis market at $84 billion Cdn a year.

That’s led Tilray to begin construction of a $30-million production facility in Portugal to help supply the growing market.

Beyond exports, Canada has expertise

“Part of the reason we decided to invest in a cultivation facility in Portugal was that we also saw a massive increase in demand for medical cannabis product in the EU,” explains Kennedy, who sees a bright future well beyond Canadian exports.

Canadian expertise in growing and greenhouse technology, extraction methods, strains and genetics, along with plain old business know-how, are also in demand. In addition to exports, Canada’s cannabis companies are also teaming up with local partners to build facilities in Germany, Denmark and Israel.

Australia is seen as another prize for Canadian producers. When it announced last February that it would allow importation, Canadian producers Aurora, CannTrust, Canopy, MedReleaf and Tilray swooped in, not only with bags of weed and vials of oil, but with partnerships to build facilities there.

Peru and Mexico have also passed legislation to legalize medical cannabis, and Canadian companies are promising further announcements soon. Overall, they say, the world market could be worth around $200 billion.

What it all means

The rapid legalization of medical cannabis has spurred new research into potential treatments using the drug. In Israel, where the medical research began, there are about 120 trials underway using components of the marijuana plant.

Neil Closner, CEO of Ontario-based MedReleaf, believes Canadian medical marijuana producers have the potential to become global giants. (Canadian Press)

As cures and treatments are discovered and proven, the role of cannabis is sure to expand, creating even greater potential beyond flowers and oil. CEO of Markham-based MedReleaf Neil Closner believes at least two or three of Canada’s producers will become global giants.

“I think overall who wins is Canada. I think we’ve got a leg up on the rest of the world, which is very exciting at a national level for us. I’d like to think that MedReleaf is strongly positioned to be one of the few handfuls of global winners.”

And while California is the latest U.S. state to legalize marijuana, American producers are shut out of the global market because of the federal prohibition on the drug.

That leaves Canada room to pursue the international market and all the potential riches that go with it.

Source: http://www.cbc.ca/news/business/medical-marijuana-canadian-export-1.4470407

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China government aims to become the global leader in #blockchain technology. Here’s how they plan to do just that $SX.ca $SXOOF $IDK.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 8:23 AM on Friday, January 5th, 2018

  • China has the world’s largest Internet application market, block chain industry has to walk in the forefront of the world’s many favorable conditions
  • China’s enterprises need to absorb the world’s top scientific and technological resources, the establishment of China’s chain of ecological chain, to speed up the pace of technological research
  • “Traditional block chain technology is slow, such as bit 1 second can only do 3 transactions, the Shanghai Stock Exchange trading volume of tens of thousands of penis per second.If you can not solve the speed problem, the block chain multi-scene application is not May be promoted. “

China’s block chain industry is expected to walk in the forefront of the world

2017-09-05 07:30 Source: Economic Daily

China has the world’s largest Internet application market, block chain industry has to walk in the forefront of the world’s many favorable conditions. The diversification of the application scene has promoted the rapid development of the block chain technology. But at the same time, the speed problem has seriously restricted the block chain to multi-scene application. China’s enterprises need to absorb the world’s top scientific and technological resources, the establishment of China’s chain of ecological chain, to speed up the pace of technological research.

Recently, the Ministry of Industry directly under the China Electronic Information Industry Development Research Institute in conjunction with Beijing Tiande Technology Co., Ltd. initiated the establishment of the CCID (Qingdao) block chain research institute settled in Qingdao. China’s thousands of people plan experts, Beihang digital technology and block chain laboratory director Cai Weide become the project chief scientist. He believes that China’s block chain industry is expected to walk in the forefront of the world.

The block chain is a distributed database system that is difficult to tamper with and is hard to forge and traceable. The block chain records all the information that is traded, and once the data enters the block chain, even the internal staff is hard Which made any changes without being found. This feature determines its application with the Internet are inseparable. “Cai Weide told reporters,” the application of the larger scene, the richer, block chain technology and industry development will be faster.China has the world On the largest Internet application market, so the block chain industry has to go in the forefront of the world’s many favorable conditions. ”

Currently, block chains have been applied in multiple areas. August 28, the first block of domestic chain power business “media purchase” available, this is the world’s first block of chain power business; August 17, “Baidu Chang’an new days wind 2017 the first phase of asset support Special plan “approved by the Shanghai Stock Exchange, Baidu Financial as its technical service providers to build a block chain service side BaaS; Not long ago, the letter love the United States love the rescue account using the ant gold chain technology, with the algorithm and technology architecture to solve a number of weak Trust the trust between institutions, build a trust mechanism.

Cai Weide that the application of the scene diversity, is the rapid development of block chain technology, the biggest driving force. “Traditional block chain technology is slow, such as bit 1 second can only do 3 transactions, the Shanghai Stock Exchange trading volume of tens of thousands of penis per second.If you can not solve the speed problem, the block chain multi-scene application is not May be promoted. “

Strong market demand and technical barriers between the contradictions, prompting many technology companies to speed up research. In March, Beijing Tiande Technology Co., Ltd. released a new generation of block chain system high-tech one, in a clearing house measured the average transaction speed of more than 4,000 per second; its trial in the latest system, has done to deal with 3.33 billion per second Transaction. From 2008 to 2017, China’s number of patent applications in the field of block chain technology in the world, submitted a total of 550 patent applications, more than ranked second in the United States (284 patent applications).

Cai Weide that this does not mean that China has been the world’s first in the chain area. To really walk in the forefront of the world, the need to create an open ecosystem, to take the sharing model, absorb the world’s top scientific and technological resources to reduce the unnecessary competition in order to ensure that China is walking in the forefront of the world block chain industry.

“In view of this, CCID block chain research institute will be the joint financial research institutions, the national large data (Guizhou) comprehensive experimental area block chain Internet laboratory, Qingdao Tiande letter chain Information Technology Co., Ltd. and other units, the establishment of China block chain Ecological alliance, and will launch three national key industry implementation plan.

Cai Weide said, first of all to establish a Chinese chain chain sandbox plan. The plan includes an industrial sandbox, umbrella sandbox and regulatory sandbox. Among them, the industrial sandbox is under the guidance of the industry alliance by the enterprise self-test and assessment work; umbrella sandbox by the government regulatory support, commissioned by the authority to assess the block chain; regulatory sandbox is developed by the industry to a certain extent, and supervision After the mechanism is mature, the chain is evaluated directly by the regulatory body. “The first phase of the first launch of the industrial sandbox, will work closely with regulators to promote the umbrella sandbox and regulatory sandbox construction.

Cai Weide said that the second plan is to set up Qingdao block chain sandbox research center. The center will promote the China Chain Chain Sandbox program, through the government, financial institutions, universities and research institutes, industry funds and technology companies to study and expand the sandbox plan. The establishment of Internet of things, electronic payment, insurance, logistics, medical, customs block chain sandbox.

“The last plan is to build an open, shared block chain sandbox testing and monitoring platform that has built our first platform prototype to support block chain automation, supporting financial regulation, food and drug traceability, logistics tracking, payment Clear settlement and other block chain applications. “ Cai Weide said.

Source: https://steemit.com/cryptocurrency/@cryptoassets/china-government-aims-to-become-the-global-leader-in-blockchain-technology-here-s-how-they-plan-to-do-just-that

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Posted in All Recent Posts, Blockchain stocks, Canadian Blockchain Stocks, Featured, Smallcap Blockchain stocks, St Georges Eco-Mining Technologies, ThreeD Capital | Comments Off on China government aims to become the global leader in #blockchain technology. Here’s how they plan to do just that $SX.ca $SXOOF $IDK.ca $HIVE.ca $BLOC.ca $CODE.ca

St-Georges $SX.ca $SXOOF Announces #Blockchain & Smart Contract Technology & Transfer & License Agreement with Qingdao Tiande Technologies #Bitcoin #Ethereum $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 6:00 PM on Thursday, January 4th, 2018

Sx large

  • Announced the signing of a significant, non-arm’s length blockchain and smart contract technology license agreement, with Qingdao Tiande Technologies Inc
  • Tiande is led by world-renowned blockchain expert, Dr. Wei-Tek Tsai
  • Tiande has granted St-Georges an exclusive license to use Tiande’s proprietary technologies, patents and know-how to develop and commercialize novel mineral commodity production chain control, tracking and trading exchanges

Montreal / January 4, 2018 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce 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.

Under the terms of the License, Tiande has granted St-Georges Eco-Mining Corp. (“SX”) an exclusive license to use Tiande’s proprietary technologies, patents and know-how to develop and commercialize novel mineral commodity production chain control, tracking and trading exchanges. In consideration for the rights granted under the License, SX shall pay to Tiande a royalty of 8% of the gross revenues derived from the Licensee.

“This technology license agreement builds upon our long standing collaboration with Dr. Tsai and the early vision we shared about the potential of blockchain technologies both in general and specifically within the mineral commodity space. Over the last few months, St-Georges has been strengthening the scope of its mineral projects and technologies and this agreement now provides us with access to blockchain technology that can significantly impact our industry, then reach beyond” said Frank Dumas, St-Georges’ President and CEO.

In order to accelerate development and better accommodate future financings, SX will assign the License to its newly formed wholly owned subsidiary, ZeU Crypto Networks Inc. (“ZeU”) in consideration of 20,000,000 common shares of ZeU.

Related Party Transaction

The entering into of the License may be considered a “related party transaction” as set out in Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions (“MI 61-101”) as Dr. Wei Tek Tsai is a beneficial holder of securities carrying more than 10% of the voting right attached to all of SX’s voting securities. Accordingly, the License constituted to that extent a “related party transaction” under MI 61-101. The transaction is exempt from the formal valuation and minority shareholder approval requirements under MI 61-101 as neither the fair market value of the License or of the consideration exceeds 25% of SX’s market capitalization. SX did not file a material change report more than 21 days before the entering into of the License as it wished to close on an expedited basis for sound business reasons and did not know when the transaction would be completed.

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.

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