St. Georges President & CEO gives investors a belated Christmas present, with the assistance of Director Enrico Di Cesare and Iconic Minerals President and CEO Richard R. Kern
This is our best interview ever with St. Georges and no doubt sets the foundation for many more in the first quarter of 2018 and beyond!
Sean Dollinger, President and CEO of Namaste comments: “The signing of this agreement may very well be one of the most important initiatives Namaste has implemented to date, and may be the final piece of the puzzle in helping Namaste achieve profitability. The agreement itself represent months of negotiations which has culminated with an amazing partnership with easily the most influential business-to-business distributor in the space…â€
VANCOUVER, British Columbia, Dec. 22, 2017 — Namaste Technologies Inc. (“Namaste†or the “Companyâ€) (CSE:N)(OTCQB:NXTTF)(FRANKFURT:M5BQ) is pleased to announce that its wholly owned subsidiary Cannmart Inc. (“Cannmartâ€) has signed a Fulfilment Services Agreement (the “Agreementâ€) with Greenlane Canada (“Greenlaneâ€) whereby Greenlane will provide exclusive order fulfilment and warranty services for Namaste’s Canadian websites. Under the terms of the Agreement, Greenlane will fulfill orders for all products set forth in Greenlane’s product offering as well as products which are marketed and sold under brands controlled by Namaste and other third-party products as specified by Namaste. The Agreement represents a strategic decision to further align the Company with the industry’s leading business-to-business distributor, while Namaste will benefit through a significant reduction of inventory and operational expenses, bringing the company closer to profitability. Since inception, Namaste has maintained a strong working relationship with Greenlane and believes that this Agreement is accretive in nature. In addition, it is believed this Agreement will set the framework for Namaste to collaborate with Greenlane on future opportunities in areas related to the distribution of cannabis packaging products and pre-filled cartridges for medical cannabis, to be sold in Canada through Namaste’s wholly owned subsidiary Cannmart.
Key Terms of the Agreement
The Agreement with Greenlane 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 the dominant player.
Additionally, Namaste remains diligent on launching medical cannabis sales in Canada, as it looks to first validate its platform and then expand into additional markets abroad. Namaste believes these combined initiatives will serve as a stepping stone in helping Namaste achieve its goal of reaching profitability, as it looks to capitalize on strategic partnerships with its peers.
Management Commentary
Aaron LoCasio, Greenlane’s CEO comments: “Sean and the Namaste team have built an exceptional company that we are proud to work alongside. This agreement further aligns our respective organizations and allows us each to focus on our core competencies. Greenlane looks forward to working with the Namaste team as we each embark on this next phase of growth.â€
Sean Dollinger, President and CEO of Namaste comments: “The signing of this agreement may very well be one of the most important initiatives Namaste has implemented to date, and may be the final piece of the puzzle in helping Namaste achieve profitability. The agreement itself represent months of negotiations which has culminated with an amazing partnership with easily the most influential business-to-business distributor in the space. Our decision to partner with Greenlane was directly correlated to their amazing range of products, and proven track record in securing exclusive distribution rights for the hottest new products ahead of the competition. In addition, we believe Namaste will capture market share in the extremely exciting pre-filled hardware space by leveraging Greenlane’s exclusive access to closed system products from the leading brands. This competitive edge will be instrumental in allowing Namaste the ability to offer our customers the latest products within the Canadian market.â€
About GreenlaneÂ
Greenlane is the leading distributor of premium brands in the burgeoning head shop, smoke shop, and dispensary channels. Since 2005, Greenlane has worked diligently to build a reputation as the industry leader by meeting the needs of our customers, suppliers, and the end-users of the products we distribute. The company has achieved this by offering the most innovative products at competitive prices, providing white glove customer service, and processing orders quickly with unparalleled, highly efficient operations and logistics. During this time, Greenlane has grown to over 150 employees with operations in 7 cities across the United States and Canada, including 5 highly automated distribution centers, and continues to grow by finding ways to better serve the needs of its customers and suppliers.
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.
On behalf of the Board of Directors
“Sean Dollingerâ€
Chief Executive Officer
Direct: +1 (786) 389 9771
Email:Â [email protected]
Further information on the Company and its products can be accessed through the links below:
www.namastetechnologies.com
www.namastevaporizers.com
www.namastevaporizers.co.uk
www.everyonedoesit.com
www.everyonedoesit.co.uk
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.
MONTREAL, Dec. 21, 2017 — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V:PYR) (OTCQB:PYRNF), a high-tech corporation (the “Corporation†or “PyroGenesisâ€) that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, announces today that HPQ Silicon Resources Inc., (“HPQ†or the “Clientâ€) signed a development agreement with Apollon Solar, a solar silicon specialist.
As previously disclosed, PyroGenesis has been engaged by HPQ to demonstrate, on a laboratory scale, that the PUREVAP™ process can produce high purity silicon metal from quartz in a one step process. Pursuant to a Can$8.3 MM contract signed with HPQ in August 2016, PyroGenesis is designing, fabricating, assembling, commissioning and testing a PUREVAP™ pilot system to produce silicon metal directly from quartz.
Mr. P. Peter Pascali, President and CEO of PyroGenesis, provides an overview of today’s announcement in the following Q&A format.
Q: HPQ Silicon announced Monday1 their agreement with Apollon Solar (“Apollonâ€), a solar silicon specialist. What does this mean for PyroGenesis specifically and the project in general?
A: This move, to bring Apollon into the HPQ-PyroGenesis fold, is in one word: ingenious. Not only does it demonstrate the validity and merit of our project, but the development agreement, in our opinion, not only increases the probability of success, but decreases the time frame in which success may be obtained.
Q: How is that?
A: To answer your question one must first understand who Apollon is and what they have achieved to date.
First, Apollon is a private French company which, as one of the world’s leaders in renewable energies, has developed processes to make high purity silicon metal for photovoltaic conversion for use in high performance solar cells…
Q:Â So, they are competitors to PyroGenesis?
A: Absolutely not! They complement us and that is the genius of this partnership.
Apollon is an expert in the manufacture of silicon wafers for use in solar panels. Apollon’s unique knowledge and experience with silicon, silicon wafers, and solar panels has enabled it to understand what works and what doesn’t, and they have been extremely successful at this. In fact, Apollon was the first to manufacture entirely monocrystalline Czochralski (“Czâ€) ingots made with 100% solar grade silicon metal refined metallurgically (“SoG Si UMGâ€). Which in layman’s terms translates simply to the fact that they were one of the first to manufacture silicon wafers using an upgraded metallurgical grade (“UMGâ€) silicon metal as feedstock. In addition to this achievement, Apollon has also managed to obtain conversion efficiencies of over 20% in solar panels using these same wafers. In fact, Apollon holds a world record conversion efficiency of 21.1% with wafers made from UMG silicon metal used as feedstock.
So, in short, Apollon has managed to use UMG silicon metal as feedstock, manufacture silicon wafers, introduce them into solar panels, and get world record conversion rates.
Q: And….?
A: And we can supply Apollon with the required feedstock, and therein lies the beauty of this arrangement. Apollon has proven that UMG silicon metal can be used as feedstock to make silicon wafers for solar panels. Our results to date show that PUREVAP™, at a bench test scale, could convert quartz into the UMG silicon metal which can be used as feedstock to manufacture Apollon’s wafers for solar panels.
Q:Â What else can you say about Apollon and the team?
A: It is important to realize, that in all this, Apollon is actually the first independent party to validate the innovation potential of the PUREVAP™ process. When reviewing the PUREVAP™ process, Apollon concluded that:
Without a doubt, future collaboration between HPQ, Apollon and PyroGenesis should increase the probability of success of the project. In this sense, Apollon brings two important elements to the team:
Q: From a practical perspective, how do you expect these benefits will be integrated into the project?
A: In the short term, we expect Apollon to provide immediate input into, and to help accelerate, the development phase of GEN-2 as well as to de-risk the design and testing of the pilot phase of the project (GEN-3). In the longer term, Apollon’s knowledge and expertise in solar panels will not only lend itself well to the integration of silicon produced by the PUREVAP™ technology into solar panels, but could eventually lead to HPQ becoming a vertically integrated producer of such solar panels.
Q: Conclusion?
A: Once again, we are impressed with the strategies and forward thinking of the HPQ team. They have done their research and positioned themselves to be a significant force within their space. We are happy to be engaged in this project.
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc. is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. PyroGenesis provides technical and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Its core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and technical services to the global marketplace. Its operations are ISO 9001:2008 certified, and have been ISO certified since 1997. PyroGenesis is a publicly-traded Canadian corporation on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace (Ticker Symbol: PYRNF). 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 OTC Markets Group Inc. accepts responsibility for the adequacy or accuracy of this press release.
SOURCE PyroGenesis Canada Inc.
For further information: Rodayna Kafal, VP, Investor Relations and Communications, Phone: (514) 937-0002, E-mail: [email protected] or [email protected]
__________
1 http://www.marketwired.com/press-release/renewable-energies-hpq-silicon-announces-international-development-agreement-with-solar-tsx-venture-hpq-2243450.htm
OTTAWA, Dec. 21, 2017 — betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation†or “betterUâ€), is pleased to announce that it has completed the Definitive Agreement with HT Overseas Pte. Ltd., a wholly-owned subsidiary of HT Media Limited (“HTâ€) for a media investment of up to $10 Million to be utilized over 2 years. The investment will provide betterU’s marketplace with increased visibility to millions of people across India.
The initial tranche of equity investment will consist of betterU receiving use of $1.25 million worth of the media investment in exchange for HT receiving 3,205,128 common shares of the Corporation at $0.39 per share subject to approval by TSXV.
The roll out of betterU’s mass marketing campaigns will commence January 2018 and media campaigns will focus on building national exposure for betterU’s marketplace in India as well as supporting their education, corporate and employment partners, brand awareness and user acquisition strategies. Each $1.25M media investment will support marketing efforts over a period of one quarter. These campaigns are expected to run weekly across India’s top cities supported by a variety of HT’s media platforms.  “This increase in media visibility will not only drive more awareness to betterU’s global education marketplace, but it will also help support the country’s transformation with access to quality global education,â€Â said Brad Loiselle, President and CEO of betterU.
The proposed media investment will be made in eight (8) equal tranches of CAD $1.25 Million. Each Tranche shall result in HT receiving common shares (the “Shares”) in the capital of betterU from treasury. The Shares shall be issued at a price equal to the volume weighted average price of the Shares on the facilities of the TSX Venture Exchange (“TSXV”), calculated by dividing the total value by the total volume of Shares traded for the thirty (30) days ending on the day which is one trading day prior to the date of issuance, or such higher price as the TSXV may require.
The obligations of HT and betterU to complete the proposed media investments are subject to approval from TSXV for each of the individual tranche transactions.
About HT MediaÂ
HT Group has built a Pan India reach via its various print, radio and digital properties. The combined reach is an astonishing ~10% of Indian population. In print alone, HT Group’s Hindustan Times (English medium); Hindustan (Hindi medium), Mint (English Business daily) give a combined readership of over 29.9 million. This readership is multiplied significantly through HT’s radio channels (104 Fever and 107.2 Nasha) which have dedicated audience of over 21.7 million in Delhi, Kolkata, UP, Bangalore, Chennai, Hyderabad and the Indo Gangetic belt. This is further complemented by HT’s digital presence including hindustantimes.com; livehindustan.com; livehindustan.com; desimartini.com and shine.com.
Geographically, HT Group has the following reach:
Hindustan Times is an Indian English-language daily newspaper founded in 1924 and the flagship publication of HT Media. Hindustan Times is one of the largest newspapers in India, by circulation. According to the Audit Bureau of Circulations and it has a circulation of 1.16 million copies as of November 2015. HT is one of the top most widely read English newspaper in India. It is popular in North India, with simultaneous editions from New Delhi, Mumbai, Kolkata, Lucknow, Patna, Ranchi and Chandigarh.
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.
For further information, please visit  http://www.betteru.ca/investor-overview/
Brad Loiselle
President and CEO
1-613-695-4100Â Ext. 233
Email:Â [email protected]
Investor contact:
Gurinder Sandhu
Investor Relations
1-613-695-4100Â Ext. 233
Email:Â [email protected]
OTTAWA, ONTARIO–( Dec. 21, 2017) –Â Tetra Bio-Pharma Inc. (“Tetra” or the “Company“) (TSX VENTURE:TBP)(OTCQB:TBPMF), a global leader in cannabinoid-based drug development and discovery, is pleased to announce that it has entered into a non-binding letter of intent (the “LOI“) with a private Canadian corporation (the “Purchaser“) and has started a transaction to monetize GrowPros (GrowPros MMP Inc., Tetra’s wholly-owned subsidiary) (the “Potential Transaction“), to allow Tetra to focus its activities on the drug development and its clinical trials of its pharmaceutical business. With this transaction, Tetra is expected to receive $350,000 and ensure another supply source of cannabis with pharmaceutical GMP quality for the pipeline of products under development.
It is expected that the Proposed Transaction would include the following main terms:
“We are very happy to leverage this asset that is Grow Pros. By finding a reliable partner, Tetra expects not only to immediately increase its cash flow, but also to enable its shareholders to maintain an investment in the high growth cannabis industry. As importantly, Tetra is further focusing on its core expertise and strength: the development of prescription drugs through the highest levels of clinical trials. Finally, we expect this deal to allow us to secure our production of dried cannabis for our lead drug candidate for its expected approval and eventual commercialization, and provide us with another partner from which we can supply our active pharmaceutical ingredients (API) for our drug development programs.” says Bernard Fortier, CEO of Tetra.
The Proposed Transaction contemplated by the LOI is subject to a number of significant condition precedents including but not limited to the entering into of the Definitive Agreement on terms satisfactory to both parties, the completion of the Purchaser’s initial public offering and receipt of all requisite approval (including stock exchange and regulatory approvals).
The parties intend to enter into the Definitive Agreement and close the Proposed Transaction by the end of the first quarter of 2018.
About Tetra Bio-Pharma:Â
Tetra Bio-Pharma (TSX VENTURE:TBP)(OTCQB:TBPMF) is a biopharmaceutical leader in cannabinoid-based drug discovery and clinical development. Tetra is focusing on three core business pillars: clinical research, pharmaceutical promotion and retail commercialization of cannabinoid-based products.
More information at:Â www.tetrabiopharma.com
Source: Tetra Bio-Pharma
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.Â
Forward-looking statementsÂ
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, through its wholly-owned subsidiary, GrowPros MMP Inc., to obtain a license for the production of medical marijuana; failure to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, the success of the Company’s research strategies, the applicability of the discoveries made therein, the successful and timely completion and uncertainties related to the regulatory process, the timing of clinical trials, the timing and outcomes of regulatory or intellectual property decisions and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. While no definitive documentation has yet been signed by the parties and there is no certainty that such documentation will be signed The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.
Tetra Bio-Pharma Inc.
Dr. Anne-Sophie Courtois, DVM
Vice President, Marketing & Communications
(514) 360-8040 Ext. 210
[email protected]
MONTREAL, Dec. 21, 2017 / MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX.V:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to announce that it has entered into an agreement with Agnico Eagle Mines Limited (“Agnico”) (NYSE:AEM, TSX:AEM) to acquire the McKenzie Break and Swanson properties (see our new property map covering close to 300 km2), which both host gold deposits near Monarques’ wholly-owned Beacon and Camflo mills. The terms of the agreement are described at the end of this press release.
“This is an excellent transaction for Monarques, as it could significantly increase the resource available for processing at our Beacon mill,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “The previous owners made significant investments on these properties, including building ramps to access the two deposits. Furthermore, both deposits have the benefit of lying close to surface. The next step for Monarques will be to confirm the historical estimate of the two deposits in line with NI 43-101 and explore the options for extracting those resources. We will also try to determine the potential for increasing the resources of the deposits, as most of the drilling done on the properties was at a shallow depth.”
McKenzie Break Property
The McKenzie Break property hosts a high-grade gold deposit that lies just 40 kilometres north of the Beacon mill and 25 kilometres north of Val-d’Or, Quebec. It consists of nine mineral claims covering a total area of 336.3 hectares, and is accessible year-round via Route 397 and a gravel road. The property is also about nine kilometres south of the rail link between Barraute and Senneterre. The property has surface and underground infrastructure, including a ramp providing access to the deposit, 80 metres below surface.
The McKenzie Break deposit has a historical estimate of 813,871 tonnes grading an average 6.63 g/t Au for a total of approximately 173,500 ounces of gold (source: Technical report on the McKenzie Break property, Claude P. Larouche, July 15, 2007). This historical estimate was realized by Placer Dome in 1991 and was calculated using the polygonal method and all the data collected from the green and orange zones and a cut-off grade of 1.70 g/t Au. Close to 60% of those ounces are located in the green zone, which grades an average of 8.49 g/t Au. In 1994, following the drilling of 67 additional holes in high-grade areas identified by Placer Dome’s mineral inventory, Western Quebec Mines performed a new resource estimate for two of the six lenses interpreted. Both lenses were drilled on a tight grid (30 x 30 metres) to optimize the resource estimate. This new calculation, based on the polygonal method and using a cut-off grade of 3.5 g/t Au, shows a historical estimate of 161,348 tonnes grading 10.86 g/t Au, or approximately 56,300 ounces of gold, classified as indicated, and 24,695 tonnes grading 5.23 g/t Au, or approximately 4,200 ounces of gold, classified as inferred (Mannard, 1994). These estimates are not supported by an official technical report. A Monarques qualified person has not performed sufficient work to classify these historical estimates as current mineral resources as defined by NI 43-101, and the Corporation therefore does not consider them as current mineral resources. Although the historical estimates may not be reliable, the Corporation nevertheless believes that they provide an indication of the property’s potential and are relevant for any future exploration program. In order for the historical estimates to become current resources, the Corporation must carry out new drilling on the property, and issue a new mineral resource estimate pursuant to NI 43-101.
A total of 37,750 metres of diamond drilling coming from 258 holes was carried out on the property. Drilling was concentrated on the green and orange zones. Most of the holes were shallow, with an average length of 150 metres per hole.The mineralization consists of multiple narrow veins, some of which are high-grade with a nugget effect.
In addition, metallurgical testing on samples involving gravity separation followed by direct cyanidation yielded a recovery rate of up to 99.5% (Source: Laboratoire LTM, July 2010).
Swanson Property
The Swanson property hosts a gold deposit located 65 kilometres from the Beacon mill and 12 kilometres northeast of Barraute, Quebec. It consists of one mineral lease and 129 claims covering a total area of 5,111 hectares, as well as a 500-metre ramp down to a depth of 80 metres. The property is accessible year-round via Route 367 and a gravel road. A railway track also crosses the property, as does a transmission line.
The Swanson deposit contains a historical estimate of 814,600 tonnes grading an average of 3.71 g/t Au, classified as inferred, for a total of approximately 91,200 ounces of gold. The historical estimate was realized by Lac Minerals in 1985. Previous operators concluded that there was potential to mine a smaller resource via an open pit. These estimates are not supported by a formal technical report. A Monarques qualified person has not performed sufficient work to classify these historical estimates as current mineral resources as defined by NI 43-101, and the Corporation therefore does not consider them as current mineral resources. Although the historical estimates may not be reliable, the Corporation nevertheless believes that they provide an indication of the property’s potential and are relevant for any future exploration program. In order for the historical estimates to become current resources, the Corporation must carry out new drilling on the property, and issue a new mineral resource estimate pursuant to NI 43-101.
Terms of the agreement
Monarques can acquire the McKenzie Break and Swanson properties by paying Agnico a total of CA $4,600,000, including CA $1,600,000 payable in cash and CA $3,000,000payable in common shares of the Corporation over a four-year period. Payments are as follows:
In addition, Agnico is entitled to a 1.5% net smelter return royalty on each property. Monarques can reduce each of these royalties to 1.0% by paying Agnico CAÂ $750,000.
Concurrent with this transaction, the Corporation bought back a 1.5% net smelter return royalty on the McKenzie Break property in exchange for USÂ $50,000Â in cash and 600,000 common shares of Monarques.
These transactions are subject to regulatory approval.
The technical and scientific content of this press release has been reviewed and approved by Kenneth Williamson, M.Sc., P.Geo, the Corporation’s qualified person under National Instrument 43‑101.
ABOUT MONARQUES GOLD CORPORATION
Monarques Gold Corp (TSX-V: MQR) is an emerging gold producer focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Beaufor Mine, the Croinor Gold (see video), Wasamac, McKenzie Break and Swanson advanced projects, and the Camflo and Beacon mills, as well as six promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill. Monarques enjoys a strong financial position and has more than 150 skilled employees who oversee its operating, development and exploration activities.
Forward-Looking StatementsÂ
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither 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 press release.
SOURCE Monarques Gold Corporation
Source: PR Newswire (December 21, 2017 – 7:05 AM EST)
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CKR Carbon Corporation (“CKR” or the “Company”) (TSX VENTURE:CKR)(FRANKFURT:CB81) (WKN:A143MR) is pleased to announce that the TSX Venture Exchange has approved the change of name of the Company from “CKR Carbon Corporation” to “Gratomic Inc.“. The change of name will become effective at the opening of the market on Friday, December 22, 2017 under the new symbol “GRAT“. The CUSIP number assigned to the Company’s shares following the name change is 38900X108. Gratomic refers to the one layer thick aka atomic scale technology or Graphenes/micro graphite the Company plans to produce to replace carbon black in tires.
The Company is also pleased to announce that Mr. Daniel Bloch has been appointed a director of the Company to fill the vacancy created by the resignation of Ian Flint and Mr. Denis Laviolette has joined the Board of Directors. Mr. Flint will continue to act as a technical advisor to the Company and has been appointed to the Company’s Advisory Board. Messrs. Bloch and Laviolette join Sheldon Inwentash, Arno Brand, Luisa Moreno and Bernie Stannus on the Board of Directors of the Company.
Sheldon Inwentash, Executive Chairman and Co-CEO of the Company stated: “I would like to welcome Daniel and Denis to the Board of Directors as we embark upon this new stage in the evolution of the Company. The change of name to Gratomic better reflects the fact that the business of the Company is evolving from exploration, mining and processing of graphite to mining, processing and refining of graphite.”
Daniel Bloch is a member of the Law Society of Upper Canada for 18 years as well as being registered as a Foreign Lawyer with the Israeli Bar Association. Daniel’s practice is global in nature and focuses on domestic and international matters in all areas of corporate finance, mergers and acquisitions, joint ventures, private equity and securities law. Daniel has advised on joint ventures and partnership structures in over 20 countries. Daniel regularly travels to South Africa, Europe and North America, where he has lectured on matters relating to financing structures for international joint ventures and the financing of oil and gas exploration projects. Most recently, he has been involved with the representation of a leading Israeli Pension Fund’s investment in an offshore vehicle, the negotiation of Chinese Sino Foreign Joint Ventures, formation of a Namibian offshore oil exploration company, an Israeli offshore gas exploration company and the financing of a multinational gas exploration company. Daniel’s extensive global energy and negotiation experience enables him to manage complex commercial relationships. In addition to his international commercial practice, Daniel regularly represents and provides general corporate and securities law advice to publicly and privately held entities ranging in size from start up to those with established multi-national operations. He has counselled on transactions in excess of $3 billion in various industry sectors, including natural resources and technology. Daniel has served as a both an officer and director of Canadian and U.S. publicly listed companies and is a member of the Association of International Petroleum Negotiators.
Denis Laviolette brings more than a decade of experience as an exploration geologist and mining professional, having worked on three different continents. During his time in Northern Ontario (Timmins, Kirkland Lake and Red Lake), Norway and Ghana, he took on a diverse array of tasks, including advanced mine operations, start-up mine management, QA/QC, grass roots exploration, and financing and acquisitions.
Denis has also worked as Senior Investment Analyst with Pinetree Capital Ltd. (“Pinetree”) in Toronto and now serves as Vice President of Resource Investments for ThreeD Capital, and Palisade Global. His responsibilities include market/portfolio analysis, appraising and vetting assets on a technical basis, providing valuation estimates, and reviewing corporate financial statements and technical reports.
Denis is currently President of Newfound Gold Corp., President/CEO of Goldspot Discoveries Inc., and a director of Xtra-Gold Resources Corp, Northern Sphere Mining Corp. and Tartisan Resources Corp. He received his B.Sc, Earth Science (Geology) from Brock University.
The appointments of Messrs. Bloch and Laviolette are subject to the approval of the TSX Venture Exchange.
About CKR Carbon Corporation
CKR Carbon Corporation is an advanced materials company focused on mine to market commercialization of graphite products most notably high value graphene based components for a range of mass market products. We are collaborating with a leading European manufacturer of graphenes to use Aukam graphite to manufacture graphene products for commercialization on an industrial scale. The Company is listed on the TSX Venture Exchange under the symbol CKR.
For more information: visit the website at www.ckr-carbon.com.
“Neither 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.”
FORWARD LOOKING STATEMENTS:This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
CKR Carbon Corporation
Arno Brand
Co-CEO
+1 416-561-4095
[email protected]
www.ckr-carbon.com
(Photo by Dan Kitwood/Getty Images)
If blockchain was truly revolutionary, why wouldn’t top tech firms like Facebook, Amazon, Google, and Apple be doing more with it? originally appeared on Quora – the place to gain and share knowledge, empowering people to learn from others and better understand the world.
Answer by Gaurav Mokhasi, Tech Product Management at Visa, on Quora:
This is a quasi-acid test that blockchain fails, at least so far.
At the NASSCOM Product Conclave in Bangalore recently, Future Group CEO Kishore Biyani was asked what the one thing is that keeps him up at night. He responded that it was “the fear of missing a trend.†I suspect the leadership at great technology companies are similarly vigilant; the last thing they want is some new kid on the block disrupting their business models.
In the last 20 years, it’s hard to think of a single revolutionary technology that Amazon, Google, Apple, or Facebook did not experiment with. Cloud technology, artificial intelligence, big data, voice assistants, augmented reality, self driving cars, machine/deep learning … all of these have been embraced (even pioneered) by these companies. But when it comes to blockchain, these firms don’t seem fazed by (or bothered with) it.
I don’t buy the argument that blockchain is just not relevant to these firms, because it’s not difficult to imagine scenarios where it could affect these companies. This article cites a few examples.
“Yes, I could absolutely imagine a decentralized Amazon,†Lubin replied. “We’ve seen the pieces. They’re not all connected to one another. They’re not all but out or remotely mature, but I could imagine an open platform of many different actors with different roles.â€
The same could be done with Facebook, said Lubin, who is also founder of ConsenSys, a Brooklyn-based studio that develops Ethereum-based projects. “We could stand up a decentralized platform that offers same services.â€
The silence of these companies with respect to blockchain is therefore conspicuous for sure.
The esoteric nature of cryptocurrencies and blockchain technology makes it difficult for regular people to separate the wheat from the chaff. However, Google, Apple, Amazon and Facebook have consistently attracted the best engineering talent and researchers from the top universities in the world. These folks understand Computer Science better than most, and if blockchain did in fact have the technical merits that people claim it does, it’s unlikely that the technologists at these companies would seemingly care so little about it.
If you look back at the last five years, you can classify most people promulgating the values of blockchain technology into two buckets:
If you look closely at what private blockchains are, it’s not apparent what’s technically novel about them. Princeton University’s Professor Arvind Narayanan, who offers what is perhaps the only reliable MOOC in this space, published a blog post that goes as far as saying that “Private blockchain†is just a confusing name for a shared database.
Even the decentralization promised by public blockchains, while utopian in theory, is not without its fair share of problems. Firstly, there’s the issue of performance. Bitcoin, which uses blockchain in its pure form, has an abysmal throughput of 3–7 transactions per second. Compare this to a traditional system like Visa which can easily process over 25000 transactions per second [1]. Secondly, blockchain is still a solution in search of a problem. It doesn’t have a single application so far that’s either gone past the proof-of-concept phase or where it’s been definitively proven that the proposed blockchain-based solution performs better than the incumbent technology.
Therefore, given that companies like Facebook, Amazon, Google and Apple are not doing much with blockchain, even in the face of ever-increasing frenzy surrounding this technology, one could not be blamed for doubting blockchain’s potential as a game-changing paradigm.
Disclaimer: I make the statements above in a personal capacity. They should not be seen as a reflection of my employer’s view on the topic.
Source: https://www.forbes.com/sites/quora/2017/12/20/why-arent-companies-like-facebook-amazon-and-google-doing-more-with-blockchain-technology/#60370dce3d91
Bob Picciano, senior vice president, IBM Cognitive Systems
Open any business publication or digital journal today, and you will read about the promise of AI, known as artificial or augmented intelligence, and how it will transform your business. The fact is: AI will not only transform your entire business — whether you are in healthcare, finance, retail, or manufacturing — but it will also transform technology itself.
The essential task of information technology (IT) — and how we measure its value — has reached an inflection point.
It’s no longer just about process automation and codifying business logic. Instead, insight is the new currency. The speed with which we can scale that insight and the knowledge it brings is the basis for value creation and the key to competitive advantage.
This trend is fueling a surging interest in deep learning and AI, or, as IBM calls it, cognitive computing. According to IDC, global spending on AI-related hardware and software is expected to exceed $57.6 billion in 2021, almost a five-fold increase over the $12 billion that will be spent this year.
The real promise of AI is to unleash actionable insights that would otherwise be trapped in massive amounts of data. Much of that data is unstructured data — or the data generated by such things as written reports and journals, videos, social media posts, or even spoken words.
Since we introduced IBM Watson, and our powerful AI cloud platform, we’ve continued on our journey to reinvent computing for this new era. And we’ve learned that to meet the new demands of cognitive workloads, we need to change everything: from the algorithms and mathematics that are the foundations of the software, to the hardware that drives it, and to the cloud that deploys it.
Organizations that apply deep learning and AI, which are the superchargers for extracting insight, need the right architecture to ingest and analyze very large data sets. And you need to be able to do it at lightning-fast speeds, or faster than your competitors.
IBM is unveiling new systems built from the ground up to meet the unique demands of the AI era. They are POWER9, the first processor designed specifically for AI, as well as the next-generation POWER9-based IBM Power System AC922. These new Power Systems are powerful in their own right, but also are designed to exploit specialized silicon, such as graphical processing units (GPUs), which accelerate the type of math and information processing to power new cognitive algorithms.
The result is an AI superhighway for insights that can drive transformational outcomes for clients in every industry.
A case in point: the US Department of Energy (DOE) Summit and Sierra supercomputers which are soon to be among the most powerful supercomputers in the world and are equipped with POWER9 processors and our partner NVIDIA’s newest Volta-based Tesla GPUs. The DOE’s goal is to create the world’s fastest supercomputer at 200 Petaflops — giving it the ability to do 2 billion calculations, 1 million times, every second. That’s an enormous amount of computing power directed at solving the world’s most complex problems.
Google also is tapping into the latest POWER technology to allow for further opportunities for innovation in its datacenters.
IBM continues to pioneer new advances in silicon, hardware, and software as well as an open ecosystem, which we view as “innovation protection” to ensure that innovations are quickly brought to market to meet clients’ dynamic infrastructure needs.
We also believe in taking an integrated approach to cognitive infrastructure — with both software and hardware that are optimized to work together, while tapping into IBM research innovations such as distributed deep learning on PowerAI.
The real promise of AI is to fundamentally transform industries and professions. The goal is to enable a new understanding of customers and markets, risks and opportunities, and opening new frontiers in innovation for organizations and society.
This post is sponsor content from IBM and was created by IBM and BI Studios.
Source: http://www.businessinsider.com/sc/ibm-watson-artificial-intelligence-business-2017-12