Posted by AGORACOM-JC
at 9:19 AM on Friday, March 12th, 2021
SPONSOR: The Liquid Avatar Technologies (LQID: CSE) Mobile App, available in the Apple App Store and Google Play is a verified Self Sovereign Identity platform that empowers users to create high quality digital icons representing their online personas. These icons allow users to manage and control their digital identity and Verifiable Access and Identity Credentials, and to use Liquid Avatars to share public and permission based private data when they want and with whom they want. www.liquidavatar.com.
Posted by AGORACOM-JC
at 8:39 AM on Friday, March 12th, 2021
Filed a final short form prospectus with securities regulators in British Columbia , Ontario and Alberta, relating to the Company’s marketed public offering of units at a price of $1.05 per Unit for minimum gross proceeds of $10 million and maximum gross proceeds of $20 million (the ” Offering “).
Company has also entered into an Agency Agreement with Mackie Research Capital Corporation, as the lead agent and sole bookrunner for the Offering, pursuant to which the Agent will offer the Units for sale on a “best efforts” agency basis in the Offering Jurisdictions
VANCOUVER, BC , March 11, 2021 – PlantX Life Inc. (the ” Company ” or ” PlantX “) (CSE: VEGA ) (Frankfurt: WNT1) (OTCQB: PLTXF) is pleased to announce that further to the Company’s press releases dated February 16, 2021 and February 17, 2021 , it has filed a final short form prospectus (the ” Final Prospectus “) with securities regulators in British Columbia , Ontario and Alberta (the ” Offering Jurisdictions “), relating to the Company’s marketed public offering of units (the ” Units “) at a price of $1.05 per Unit (the ” Offering Price “) for minimum gross proceeds of $10 million and maximum gross proceeds of $20 million (the ” Offering “). The Company has also entered into an Agency Agreement with Mackie Research Capital Corporation (the ” Agent “), as the lead agent and sole bookrunner for the Offering, pursuant to which the Agent will offer the Units for sale on a “best efforts” agency basis in the Offering Jurisdictions. The Company has also granted the Agent an option, exercisable at the Offering Price, for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Units issued to cover over-allotments, if any (the ” Over-Allotment Option “). The Over-Allotment Option is exercisable to acquire additional Units, Common Shares and/or Warrants (or any combination thereof) at the discretion of the Agent.
In connection with the Final Prospectus, the Company has also amended the price of the Units and the Warrants (hereafter defined) as follows in order to reflect current market conditions: (i) the purchase price of the Units of the Offering has been reduced from $1.25 to $1.05 per Unit; (ii) the exercise price of each Warrant has been reduced from $1.45 to $1.25 ; and (iii) the Warrant acceleration price has been reduced from $2.50 to $2.00 . All other material terms of the previously announced Offering remain the same.
Each Unit will consist of one (1) common share of the Company (” Common Share “) and one (1) Common Share purchase warrant (a ” Warrant “). Each Warrant will entitle the holder to purchase one additional Common Share for a period of two (2) years from the closing of the Offering (the ” Closing “), provided that, if, at any time, the daily volume weighted average trading price (or closing price on trading days when there are no trades) of the Common Shares on the Canadian Securities Exchange (the ” CSE “) or, if the Common Shares are not listed on the CSE, then on such other recognized Canadian stock exchange on which the Common Shares are then listed, equals or exceeds $2.00 per Common Share over any 10 consecutive trading days, the Company shall be entitled, at its option, within 10 business days following such 10-day period, to accelerate the exercise period of the Warrants through the issuance of a press release (the ” Acceleration Notice “) specifying the new expiry date and, in such case, the Warrants will expire on the 30th day following the issuance of the Acceleration Notice. From and after the new expiry date specified in such Acceleration Notice, no Warrants may be issued or exercised, and all unexercised Warrants shall be void and of no effect following the new expiry date (the ” Acceleration Provision “).
At the Closing, the Company will pay to the Agent a cash commission of 6% of the aggregate gross proceeds arising from the Offering (including proceeds raised as a result of the exercise of the Over-Allotment Option, if any) other than in connection with a president’s list of investors (the ” President’s List Investors “), in which case the cash commission shall be 4% of the proceeds raised from President’s List Investors. In addition, and subject to regulatory approval, the Agent will receive compensation options (the ” Compensation Options “) exercisable at any time up to 24 months following Closing to purchase Common Shares in an amount equal to 6% of the number of Units sold in connection with the Offering, including Units sold pursuant to the exercise of the Over-Allotment Option, if any (other than in connection with President’s List Investors, in which case the number of Compensation Options shall be 4% of the number of Units sold to President’s List Investors).
The Company intends to use the net proceeds from the Offering to fund expansion, to continue to develop a user app, to evaluate and pursue potential strategic acquisitions, and for working capital and general corporate purposes.
The Closing is currently expected to be on or about March 18, 2021 or such other date as agreed upon between the Company and the Agent. The Offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including the final approval of the CSE. There can be no assurance as to whether or when the Offering may be completed, or as to the actual size of the Offering.
The Units are to be sold on a “best efforts” basis through the Agent in the provinces of British Columbia , Alberta and Ontario , and such other jurisdictions as the Agent and the Company may agree other than Quebec , and in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the ” U.S. Securities Act “) and all applicable U.S. state securities laws.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities in the United States or to, or for the account or benefit of, U.S. persons. The securities described herein have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. “United States” and “U.S. person” are as defined in Regulation S under the U.S. Securities Act.
Posted by AGORACOM
at 5:59 PM on Thursday, March 11th, 2021
$VST closed its oversubscribed non-brokered private placement financing
16.5m subscription receipts at a price of $0.35 = $5.8m approx
VANCOUVER, British Columbia, March 11, 2021 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (CSE: VST, OTC: VSQTF, FWB: 6F6) (the ” Company ” or ” VST “) is pleased to announce that its portfolio company GameOn Entertainment Technologies Inc. (” GameOn “) has closed its previously announced and oversubscribed non-brokered private placement financing (the ” Financing “) of 16,505,536 subscription receipts (the ” Subscription Receipts “) at a price of $0.35 per Subscription Receipt, for gross proceeds of approximately $5.8 million.
The proceeds of the Financing (the ” Escrowed Funds “) have been deposited in escrow pursuant to the terms of a subscription receipt agreement (the ” Subscription Receipt Agreement “) dated March 11, 2021 between GameOn and Odyssey Trust Company as subscription receipt agent.
The Escrowed Funds will be held in escrow pending satisfaction of all of the escrow release conditions pursuant to the terms of the Subscription Receipt Agreement including, but not limited to, the Company receiving all applicable regulatory approvals and completing the listing of its common shares (” GameOn Shares “) on the Canadian Securities Exchange (the ” CSE “) as well as receipt of a final prospectus of GameOn (the ” Escrow Conditions “).
Posted by AGORACOM-JC
at 5:02 PM on Thursday, March 11th, 2021
Fabled Silver Gold controls 100% of the Santa Maria Gold and Silver property in Mexico. It is a high grade underground mine with a rich mining history and a Silver Equivalent 43-101 with 3.2million ounces Indicated and 1.1m inferred.
Santa Maria, surprisingly, has never been systematically explored with modern methods, until now. FCO is 2000 meters into their first drill program of a planned 8000 meters to support updating the 43-101,and have recently reported on drill holes 4 and 5 from the Santa Maria Property in Parral, Mexico.
The mining friendly jurisdiction of Parral has produced over 250M oz silver. Moreover, multiple major operators in the vicinity, including three toll mills are within a 20 km distance.
Watch this great interview with CEO Peter Hawley as he explains how these results support increasing the resource, as well as identifying new structures that support finding new discoveries.
Posted by AGORACOM
at 12:57 PM on Thursday, March 11th, 2021
B.C.’s prolific Golden Triangle is often referred to as “Elephant Country” given the intensity of mineral showings and deposits located there and because of the sheer scale of many of those deposits in this politically mining friendly jurisdiction. In this case a combination of the two may have been discovered as Treaty Creek has potential for multiple district-scale deposits on the same property.
The first mineralized zone at Treaty Creek to have a maiden resource is the Goldstorm. As explained in the March 9th press release it contains 19.4 million ounces at 0.74 g/t gold equivalent Measured and Indicated and 7.9 million ounces at 0.79 g/t gold equivalent Inferred. This makes it one of the largest gold deposits discovered in the last decade.
The Treaty Creek Project is a Joint Venture with Tudor Gold owning 60% (3/5th) and acting as operator. American Creek has a 20% (1/5th) interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. American Creek is fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while American Creek has a “free ride”.
A critical factor of metal deposits isn’t just the size, but it’s shape, consistency, and depth. Fortunately, the richest mineralization at Goldstorm is located in the close to surface “300 Zone.” The deposit is contiguous and is remarkably consistent as well. These factors create the potential for Goldstorm to be an open pit operation which is the least expensive route for both capital expenditures and operational expenditures, with the advantage of being able to mine the highest grade first.
FIGURE 1 (View looking NNE): Image of the 3D Constraining Pit Shell showing the 300 Horizon (Purple), CS-600 Zone (Red) DS-5 Zone (Orange) and Copper Belle (Blue). The maiden or initial resource calculation is exactly that: initial. The Goldstorm Zone remarkably remains open in all directions and at depth. As Tudor Gold’s VP of Exploration, Ken Konkin has stated: “This is just the first chapter of a very good book”. The edges or boundaries of the deposit are currently unknown with geophysical signatures indicating potential for significant expansion. Konkin, who was a key player in the development of the Brucejack Mine (Pretium Resources) just a few kilometers south of Treaty Creek, is an expert in both large-scale systems and geology in the Golden Triangle. He has often spoken of the importance of the “frequency for occurrence”, “frequency of distribution”, and “structural traps” characteristic of world class hydrothermal systems that create a predictable “rhythm”.
He’s stated that the Sulphurets Hydrothermal System, which includes Pretium (Brucejack mine), Seabridge (KSM deposits), and Treaty Creek, is a perfect example of this rhythm and refers to its many deposits as a “string of pearls……just really big pearls!” The potentially massive deposits on Treaty, including the Goldstorm and the Perfect Storm Zone, are located exactly where they should be within this system. Seabridge’s KSM deposits (Kerr, Sulphurets, Mitchell, Iron Cap) comprise the largest undeveloped gold deposit(s) in the world containing P&P reserves of 38 million ounces gold and 10.2 billion pounds of copper. Each deposit is approximately 2.5 – 3km apart and this “rhythm” continues northward through Treaty Creek with the Perfect Storm, the Goldstorm, and potential Goldstorm 2 zones. The yet to be drilled Perfect Storm zone has the same type of structural, geological, and geophysical characteristics as the other major deposits in the “string of pearls”. Along with expanding the Goldstorm, drilling the Perfect Storm will be one of the focuses for Tudor in 2021. On July 24, 2020 billionaire metals investor Eric Sprott stated (referring to the Goldstorm):
“It certainly looks like they have 20 million ounces and they could easily get to 30 or 40 or 50 million ounces (of gold)“
It looks like Eric’s prediction is remarkably accurate so far. With expansion of the Goldstorm and planned upcoming drilling of both the Perfect Storm and Eureka, the Treaty Creek project is primed to have a break-out year in the gold space. Treaty Creek is just 20km down a valley to a paved highway and high-transmission power lines with some of the cheapest power in the world. This is critical as power accounts for approximately 25% of mining costs. From there it’s only a 90-minute drive to bulk tonnage shipping ports in Stewart, BC. The project has excellent gold recoveries, water, a mining friendly government, and supportive First Nations in the area. What grade does it take to make a mine? That depends on a lot of factors, but critical ones include cheap power, proximity to roads and shipping ports, good recoveries, ample water, and close-to-surface deposits that can be open pit mined. Fortunately, Treaty Creek appears to have these characteristics. The in situ (in ground) grade is often lower than the head grade as initial beneficiation can concentrate the ore prior to processing. Canada’s newest gold mine, the Eagle mine (Victoria Gold) located in northern Yukon, produces with 0.65 g/t AuEq grade. Fort Knox (Kinross Gold) in Alaska produces at 0.4 g/t AuEq. Many mines in northern BC owned by companies like Centerra gold and Imperial Metals operate mines averaging well under 1g/t AuEq. Tudor Gold appears to be doing an exceptional job at adding shareholder value when considering how much gold has already been proven up given the exploration expenditures to date. Since their inception in 2016 it looks like they’ve raised close to $40M and they’ve discovered over 27 million ounces of gold! That’s less than $1.5/Oz gold CAD. Simply Amazing. That number would go down when we only consider exploration dollars at Treaty Creek. Because of the fully carried nature of American Creek’s 20% interest, it actually costs American Creek $0 / ounce regardless of how many ounces are potentially discovered. The American Creek shareholders are in the enviable position of seeing their stock value rise as Treaty Creek continues to be explored and developed without experiencing further dilution associated with that development. Currently American Creek shares are undervalued when considering the present market valuation of the Treaty Creek project. The global gold market and gold miners have a dilemma. Gold ounces in the ground are being mined faster than new ounces are being replenished, especially when it comes to new discoveries and large discoveries. Gold production is declining, and the mine life of new projects is getting shorter with smaller deposits being developed. This is increasing demand for the best projects and in particular, large projects, at a time when gold producers are making more money than at any time in their history.
Pierre Lassonde, the Canadian billionaire who is the past president of Newmont Goldcorp, has sat on the World Gold Council, and is Chair Emeritus of Franco Nevada ($23 billion) summed up the opportunity applicable to the Treaty Creek project quite nicely in two recent interviews. Back in the fall of 2020 he stated:
“Obviously, we’re going to see M&A in the space, and I think the way were going to see it is going to sort of be like three tiers. That is, if you have a project that has 1 to 3-million-ounce reserve capability, you’ll get offers at par. If you have 3 to 5-million-ounce of reserve capability, you’ll get a premium. Any project that is from 5 to 10 to 15-million-ounces, there will be bidding wars for those.”
On March 8th, 2021 Mr Lassonde was asked:
“If you were to think like an investor now, what would you do to convince some of these smaller companies to enhance shareholder value? What could the junior mining industry as a whole do right now that could be more attractive for investors at this time?”
His response:
“You know, the fundamental thing about junior mining is at the end of the day 90% of the value in our business is created by the drill bit. So, you’ve got to look at your finding costs per ounce, and if these companies are not able to find gold for like $20, $30, $40 an ounce (they) should not be in this business. What I look at as an investor, the bottom line is what’s your cost of finding an ounce of gold? That’s your common denominator. That’s where you find the value for shareholders.”
Gold is beingdiscovered at Treaty Creek for less than $1.50 CAD ($1.18 USD) / Oz opposed to $20-$40/Oz, and they’ve only begun scratching the surface from a geological point of view. American Creek shareholders are enjoying a $0/Oz rate. As Mr. Lassonde stated, “(this) is where you find the value for shareholders”. This truly is Elephant country and as Mr. Konkin put it “This is just the first chapter of a very good book”. Based on the first chapter, this appears to be a book well worth reading.
Posted by AGORACOM-JC
at 10:47 AM on Thursday, March 11th, 2021
EVENT – Q1 Investor Summit
DATE – March 23-25th, 2021
PRESENTATION – March 24th @ 11:30AM ET
VANCOUVER, British Columbia, March 11, 2021 — PlantX (CSE:VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) today announced that Sean Dollinger, Founder, will be attending the Q1 Virtual Investor Summit.
About The Investor Summit The Investor Summit (formerly MicroCap Conference) is an exclusive, independent conference dedicated to connecting smallcap and microcap companies with qualified investors. The Q1 Investor Summit will take place virtually, featuring 100 companies and over 300 institutional and retail investors.
Posted by AGORACOM
at 9:33 AM on Thursday, March 11th, 2021
Lyfted Farms to be featured on cars in popular drag racing reality show “DonkMaster”
In addition, gaming audiences will connect with both brands virtually on the hit mobile game “Doorslammers 2”
Vancouver, British Columbia–(Newsfile Corp. – March 11, 2021) – TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company”) today announced that its subsidiaryLyfted Farms is entering an exciting partnership and co-branding deal with popular VICE TV personality Sage ‘Donkmaster’ Thomas.
Thomas, the star of the popular reality show ‘DonkMaster’, is a larger than life personality with a cult-like following in the car racing subculture of donk racing (drag racing for classic American muscle cars stylized with oversized rims).
The new arrangement involves a proprietary Lyfted Farms cannabis product and brand for Thomas and branding exposure for Lyfted Farms on cars featured on ‘DonkMaster’, which has received over 30 million views online since it premiered in August 2020. In addition, gaming audiences will be connecting with both brands virtually on ‘Doorslammers 2’ – a mobile drag racing game that receives about 20,000 monthly downloads on iOS and Android. Lyfted Farms branding will be prominently featured on the DonkMaster avatar, which is the most popular car on the game.
“This is a strategic partnership that brings together targeted and overlapping audiences in the cannabis, drag racing and gaming worlds. As both brands have built long-standing trust with their loyal, ‘raving fan’ audiences, we consider this cross-promotional partnership as a tremendous win-win,” said Shaun Serpa, Marketing Director for Lyfted Farms.
Mr. Thomas is revered by his fans for his success story of redemption – from transitioning from a persecuted rebel in the underground cannabis world to fame and pop culture legitimacy in drag racing, television and now cannabis again.
“The Lyfted Farms culture and brand is one of deep pride in its master cultivators, its prohibition era roots, and its resonance with the misfits and the rebels of this world. Sage ‘DonkMaster’ Thomas is one such misfit whose fan base is rooting for him as his persona, brands, and businesses expand into mainstream culture,” said Serpa. “While other brands opt for lazier celebrity endorsement deals, we pride ourselves on staying loyal and authentic to our roots and our audience. That’s why we chose Thomas.”
In addition to his TV and video game fame, Thomas is the Founder of the National Donk Racing Association, the owner of In And Out Customs, and an Instagram social media influencer with over 263,000 followers.
Posted by AGORACOM-JC
at 9:14 AM on Thursday, March 11th, 2021
Working at the cutting edge of the nascent cannabis industry, Molecule is a Canadian, craft-focused, cannabis beverage production company.
Boasting a 200,000 square foot production facility based in Ontario, the company has just been given the green light to begin selling its unique line of cannabis-infused beverages throughout Canada, starting in Ontario and Québec.
Molecule nowhas its first order-ins from the Ontario Cannabis Store (OCS) and a confirmed shipping date.
Molecule will bring 5 brands to the market in this first order, matching the number of Ready-to-Drink products offered by the category leader in the market, which also has 5 brands on offer.
This confirms Molecule will be shipping product in Q1 2021. Much of the product is already inventoried. Inventory accumulation continues daily now.
The company recently received a major shipment of Aluminum Cans, allowing it to ramp up production.
Check out our exclusive one-on-one with David Reingold, Director and Strategic Advisor, Molecule Holdings:
Posted by AGORACOM
at 8:55 AM on Thursday, March 11th, 2021
March 11 2021 Ottawa, Ontario – Molecule Holdings Inc. (CSE:MLCL) (CNSX:MLCL.CN) (“ Molecule ” or the “ Company ”), a Canadian craft-focused cannabis beverage production company, is pleased to announce that it has received its first pipeline fill orders for 5 of its brands from the Ontario Cannabis Store (“ OCS ”), and has committed to shipping to the OCS Distribution Centre by March 25. The OCS anticipates further follow-up PO’s, “one and two weeks after launch”.
“This is a very exciting day for the Molecule team as this marks an important new chapter for Molecule’s commercialization. Having this type of representation in the largest cannabis market in the country is a testament to Molecule’s business model and will put us head-to-head with the biggest and the best in the Canadian cannabis industry,” said Molecule President and CEO Philip Waddington.
