Posted by AGORACOM
at 2:00 PM on Friday, December 11th, 2020
Beauce Gold Fields is focused on placer to hard rock exploration and discovery in the Beauce region of Southern Quebec. The the St-Simon-les-Mines Gold project is home to Canada’s first gold rush that pre-dates the Yukon Klondike that produced the largest gold nuggets in Canadian mining history (50oz to 71oz). Hosted along a 6 kilometer long placer channel, Beauce has identified a major Fault Line that coincides with an interpreted fault structure across the property. Evidence suggests the erosion of the Fault Line as a probable source of the historical placer gold channel. Click Here for More Info
If you are trying to find gold it helps to know where it came from.
To start with there is only one kind of gold. Placer gold and lode gold both come from the same place and are made of the same stuff. Gold is not actually formed on earth it was formed millions of years ago in distant stars. In large stars, much larger than our sun elements are combined together in their cores through the process of nuclear fusion. Our sun like all stars runs on fusion too but it does not have enough mass to produce atoms larger than carbon or oxygen. Larger stars can generate the gravitational force and heat in their cores necessary to produce elements as heavy as iron. To create things like gold even more energy is required and that takes place in a supernova.
When a large star runs out of light matter the fusion reaction is no longer sustainable and the star begins to collapse on itself very rapidly. The supernova collapse takes place in a matter of seconds. While the star is collapsing it produces heat very rapidly and explodes in what is essentially a humongous nuclear bomb. Supernova events are so bright and powerful that they are brighter than then entire galaxy that hosts the star. This nuclear explosion allows for higher energy fusion reactions that can produce heavy elements like gold. The explosion also scatters the newly created material over great distances.
So how did the star dust make it into the mountains and rivers on earth? When our solar system began approximately 4.6 billion years ago it was a cloud of dust and gas called a nebula. This nebula was composed of the remains from older stars that had spread their guts around the universe in supernova explosions. The molecules of the nebula naturally pulled on each other by the force of gravity growing more and more dense. As the nebula was collapsing in on itself it also started to spin faster and faster. The condensing and spinning action formed the nebula into a disk, much like you spin dough into a pizza. In the center where the force of gravity is the strongest a new star was created, our sun. The swirling mass around the sun clumped together into the planets, moons, asteroid and comets that we see today.
The early solar system was different that it is today. The big planets did not form all at once, it was a gradual process. Small plantoids formed first and crashed and coalesced into each other to form larger planets. In theory the distribution of gold was basically even in all the rocky material that made up the early solar system. In the early earth, while it was still completely molten the heavy material (such as iron and precious metals like gold) all sunk to the center of the planet to form the core. The process is similar to the way that dense material sinks to the bottom of your gold pan. If you could mine the core you would be very rich but it would be very difficult with current gold mining equipment. Current scientific theories estimate that there is enough gold in the core to cover the surface of the earth with a 4 meter thick layer of pure gold.
We can only reach gold that is trapped in the crust of the earth. The precious metals in the crust were put there by meteor bombardments that took place after the crust had formed. As these meteorites crashed into the surface of the earth they disintegrated and mixed their material into the upper mantle. The meteorite guts had the effect of enriching the amount of precious metals in the crust.
So we know where gold came from and how it was formed. Stay tuned for a future post to learn how the gold formed into deposits in the mountains and streams that we mine.
Posted by AGORACOM
at 1:47 PM on Friday, December 11th, 2020
Affinity Metals discusses rational for recently acquired Carscallen Extension property. The Carscallen Extension immediately adjoins the Melkior/Kirkland Lake Gold JV Carscallen Project located approximately 6 km west of Pan American Silver’s West Timmins Mine and approximately 25 KM West of Timmins. The company has recently announced the commencement of drilling on trend with the projected extension of the Shenkman-ZamZam gold system which has been the focus of the Melkior/Kirkland Lake Gold JV.
Posted by AGORACOM
at 1:30 PM on Friday, December 11th, 2020
SPONSOR: Thoughtful Brands is an established natural health products company focused in the CBD and psychedelic medicine sectors. Through their powerful eCommerce business Thoughtful is a leading direct-to-consumer provider of a wide range of natural health products throughout the United States and Europe. Click Here For More Info
Lawmakers took a step Monday to reduce penalties for possession of magic mushrooms, a criminal justice reform move that also brings them closer to passing a bill to guide the marijuana industry in New Jersey.
The Assembly Judiciary Committee voted 4-1 with one abstention to advance the bill (A5084). It does not decriminalize psilocybin, but makes possession of up to one ounce a disorderly persons offense rather than a third degree crime. That would drop penalties to a maximum of a $1,000 fine and six months in jail.
Currently, those convicted can face between three and five years in prison.
“It’s much simpler than what appears on the surface,” Assemblyman James Kennedy, D-Union, who sponsored the bill, said during Monday’s hearing. “This is really a downgrading of the charges.”
The move to legalize marijuana has been underway in New Jersey since 2014, but mushrooms only came up last month.
As lawmakers sought to pass a bill that would end arrests for up to six ounces of marijuana, Sen. Nicholas Scutari, D-Union, added a provision to downgrade penalties for psilocybin.
The measure passed the Senate by a vote of 29-4, but the Assembly did not put the amended bill for a full floor vote. The mushrooms came unexpectedly and took away from bill’s goal of ending tens of thousands of annual marijuana arrests that disproportionately involve minorities, some said.
Last week, Kennedy introduced the new bill to separate magic mushrooms. That cleared the way for conversations to resume on both the marijuana decriminalization bill and the bill that will establish rules and regulations for the legal industry.
Lawmakers came to a compromise on the setting rules for a new marijuana industry late Friday, and plan to hold a full vote on the legislation on Dec. 17. The Senate will have to repass its decriminalization bill without the mushroom provision and move on its own version.
New Jersey is not the first state to reconsider its laws on psychedelic mushrooms.
Colorado voted to decriminalize mushrooms in 2019 and Oregon voted this November to legalize their use for medicinal purposes. Several cities in California as well as Washington, D.C., have moved to end arrests over mushroom possession.
Some studies show promising medical benefits of psilocybin to treat depression and anxiety, particularly in cancer patients or others with chronic illnesses, like HIV, Mathew Johnson, a professor of psychiatry at and behavioral sciences at Johns Hopkins Medicine, said during the hearing.
He also said psilocybin carries no risk of an overdose, and the greatest risk comes from people making poor choices while impaired, or from people with certain psychological issues like schizophrenia having adverse reactions.
“When you include it even amongst a large group of legal and illegal drugs…psilocybin mushrooms always falls towards the bottom of the rankings in terms of harms to self or harms to others,” he said.
Some lawmakers remained hesitant.
“I think the bill sends the message to young people in our state that the recreational use and misuse of these substances is really not that big a deal,” said Christopher P. DePhillips, R-Bergen, who voted no on the bill.
Those in favor reiterated that the bill would not legalize or decriminalize the use of psilocybin, but would carry a punishment that more closely fit the crime.
“We open up job opportunities to so many folks who may have done this as a one-off, and then suffered with a life-long third degree indictable conviction,” said Assemblyman Raj Mukherji, D-Hudson.
“I think that public policy will be better served by treating this as a criminal act, but as a disorderly persons offense,” he said.
Posted by AGORACOM
at 12:42 PM on Friday, December 11th, 2020
SPONSOR: Arctic Star Exploration is currently exploiting the Diagras Diamond Property, NWT. Adjoined by both Diavik and Ekati Mines, Arctic has combined known data on Diagras with modern Gravity and EM geophysical survey techniques to delineate viable Kimberlite targets. Arctic Star is currently preparing a drill program. CLICK HERE FOR MORE INFO
We have seen how the industry has undergone significant changes over the past 20 years and how smaller companies have emerged to play an increasingly important role in supplying rough diamonds to the world.
These changes have come about at least partly due to the discovery of diamonds in locations outside of Southern Africa, which was where the vast majority of diamonds had been mined for nearly a century. South Africa is also where De Beers established its dominance of the industry. The discovery of diamonds elsewhere in the world has therefore been a key factor in the diamond giant’s gradual decline in market share.
According to Kimberley Process rough diamond statistics, 22 countries produced rough diamonds in 2014. The top six producing countries accounted for over 90% of production by value. A closer analysis of global diamond mining is key to learning more about the industry’s recent evolution, and to developing an image of where it might be heading in the future.
To start, I will focus on the top six producing nations, each of whose policies and methods of distribution shape the industry.
Russia
Diamonds were first discovered in Russia in the mid 1950s in the Sakha (Yakutia) Republic in northeastern Siberia. Interestingly, the search for diamonds in Russia, which began in 1947 following the end of World War Two, was not initiated for financial gain. Stalin understood that in order to rebuild the shattered Soviet Union after the war, he would need access to a large supply of industrial diamonds. These diamonds were required for a number of mechanical operations such as drilling, abrasive grit, precision cutting and other digging processes. However, at the time, De Beers controlled the sale of rough diamonds and Stalin knew that this left him precariously dependent.
Russian geologists had recognized as early as the 1930s that parts of Siberia exhibited very similar geological characteristics to the kimberlite-rich regions of South Africa. Teams of geologists were dispatched to Siberia and these expeditions did not disappoint. In 1955, the Mirny (Mir) kimberlite was discovered and mining commenced in 1957.
The purpose of searching for diamonds in Russia was to develop a supply of industrial stones for tools and equipment. Thus, when Mir produced a vast supply of gem quality stones, the state found itself in the grips of an unexpected predicament. By the mid 1960s, Russia had begun selling its gem diamond production to De Beers, a relationship that would remain intact for more than 40 years.
Today Russia maintains more than a dozen active open-pit diamond mines and is the world’s number one producer of rough diamonds by value and by carat volume. Russia’s known diamond reserves have long been shrouded in mystery, but according to state-owned miner ALROSA, which controls the vast majority of diamond mining in the country, its reserves exceed one billion carats. This should allow the country to maintain its position as a dominant player in the industry for several decades to come.
Botswana
Botswana officially gained independence from the UK on September 30, 1966. The country’s first kimberlite was identified just five months later. This initial discovery was followed shortly by numerous others which quickly established the nation as a diamond powerhouse and helped to propel its population out of crushing poverty.
Botswanan diamonds truly took to the skies when it was determined that the AK1 mine, now Orapa, could be seen from the sky and was frequently used as a landmark by South African pilots navigating their way to Europe.
Today, Botswana ranks second only to Russia in rough diamond production by value, driven primarily by the two richest mines in the world – Orapa and Jwaneng. However, it is the country’s recent efforts to leverage its diamond resources to further benefit its people that has earned the attention of the diamond world.
In 2011, the Botswanan government and De Beers announced a landmark deal that would eventually see De Beers’ entire sorting and sales operations moved from London to Gaborone – the capital of Botswana. Also as part of the deal, the government was given the opportunity to market a portion of local production through its own subsidiary company, now known as Okavango Diamond Company. In this way, Botswana has a solid mechanism for understanding the change in market prices for its resources.
By all accounts, Botswana’s diamond revenues have been put to very good use in helping lift the country out of poverty. In the late 1960s, Botswana was one of the poorest countries in the world with a GDP per capita of around $70. Today it ranks among the top African countries for per capita GDP, and consistently ranks near the top among Africa countries in terms of literacy, education, health care and low-levels of government corruption.
The Botswanan government has embarked on a bold experiment to extract maximum benefit from its natural resources by establishing Botswana as a diamond trading and manufacturing hub, in order to achieve stability for after its resources are depleted. Other nations are taking notice, and the Botswana model may be looked to in the future more and more frequently.
Canada
Though Canada’s history as a diamond-producing nation is short, it is now the world’s third largest producer by value. In fact, diamond deposits have been found scattered across the country’s vast expanses, and it offers much promise for continued exploration and development. Two large diamond projects are set to go into production as soon as late 2016 and early 2017 – the Renard and Gahcho Que projects.
Diamonds were first discovered in Canada in the early 1990s by two geologists who resisted the conventional wisdom that local geology would not support a diamond find. The discovery of the Ekati Diamond Mine triggered one of the most intense prospecting rushes in North American history, bringing teams from all over the world to scour the area. Geologists were literally staking their claims with wooden posts, so much so that local lumber suppliers could not keep up with the demand for wood.
It is said that the team of geologists who discovered the Diavik Diamond Mine initially planned to stake out a different location, but had to “settle” for what they were given because the person ahead of them in line at the mineral claims office took the area they were first interested in.
Most of Canada’s diamond projects are clustered in the far reaches of the northern Arctic region known locally as the Barren Lands. These barely hospitable tundra experience winter temperatures that average -35 degrees Celsius, often dipping below -50. This makes mining a challenge and the mining camps in these regions function more like enclosed cities, almost entirely sheltered from the harsh weather outside.
This region is also known for having been carved from the glacial movements of the last ice age. There are so many lakes in the area, numbering in the tens of thousands, that many remain unnamed to this day. In fact, some of the country’s most prolific diamond deposits have been found located beneath lakes. The Diavik Diamond Mine, located underneath 56 meters of water in Lac De Gras, necessitated the construction of a massive retaining wall and the removal of millions of liters of water to access the high-value kimberlite underneath the lake-bed.
Angola
Diamonds were first discovered in Angola’s Lunda Norte province near the border with Zaire in 1913. Angola is rich in both kimberlite deposits and alluvial diamonds washed out from their kimberlite hosts by ancient river systems.
The country has suffered from political instability for decades after gaining independence from Portugal in 1975. Shortly afterwards gaining independence, a civil war erupted that would last more than 25 years. As a result, large mining companies have been somewhat reluctant to invest in mining in Angola, and the country is believed to possess significant diamond resources that remain undiscovered.
In 2011, Angola introduced new legislation aimed at attracting foreign investment into its diamonds sector to help boost production. The plan has shown some early results. In 2015, ALROSA announced that it would invest $1.2 billion into the country to further develop producing assets and to increase exploration work in the country.
Keeping pace with the recent string of large diamond discoveries around the world, Australia-based Lucapa Diamonds announced in February that it had unearthed the 27th largest diamond ever from its Lulu mine in Angola. The gem was sold recently for $16 million.
South Africa
For decades South Africa was the epicenter of diamond mining. The discovery of the Eureka Diamond in 1866 by a young farmer named Erasmus Jacobs set off a prospecting rush unparalleled at that time. In a few short years, numerous alluvial and kimberlite operations were established. This new supply helped to replace the dwindling supplies from Brazil and India, and make diamonds accessible to vastly more people than ever before.
While South Africa still has more than ten producing diamond mines, its importance in the diamond world is slowly declining. Many mines have reached the end of their lifecycle and have moved to underground mining, which is often slow and more expensive than mining in an open pit. Although South Africa is still the fifth largest producer of diamonds in the world, with value in excess of $1 billion annually, in the absence of a major new mine discovery its importance will decline significantly over the coming decade.
Namibia
At number six in the diamond producing nations rankings, Namibia boasts the highest value per carat diamonds in the world. Namibian diamonds are mostly found in the ocean, along the country’s 1,570 kilometer coastline. Over millions of years, the area became a drainage basin covering the Kaapvaal Craton, which emptied water into the Atlantic Ocean. This water eroded diamond-bearing kimberlites and transported diamonds into the ocean. Over time, ocean currents churned up the area and deposited the diamonds in seabed trap sites as well as inland along the coast.
Because these diamonds travelled huge distances, often in rough conditions, only the strongest diamonds survived the journey. As a result, Namibian diamonds have exhibit the highest proportion of gem quality stones anywhere in the world, and this results in a very high average value per carat. These diamonds are mined mostly from boats and barges that drill and extract material from the seabed through long hoses.
Diamond production by country has changed significantly in recent years and this has had important implications on the industry and the power of companies within it. Next week I will look at some of the smaller producing nations, some of which are on the rise while others are in decline.
The views expressed here are solely those of the author in his private capacity. No one should act upon any opinion or information in this website without consulting a professional qualified adviser.
Posted by AGORACOM-JC
at 11:12 AM on Friday, December 11th, 2020
Celebrity skincare and health and wellness brand Marianna Naturals Corp. is pleased to announce that they have been approved as a seller by the Walmart Marketplace.
The company received the greenlight on November 24 th , 2020 featuring their products on Walmart.ca
MONTREAL, Dec. 11, 2020 – (MARIANNA NATURALS CORP.) Celebrity skincare and health and wellness brand Marianna Naturals Corp. is pleased to announce that they have been approved as a seller by the Walmart Marketplace. The company received the greenlight on November 24 th , 2020 featuring their products on Walmart.ca
Marianna Naturals Corp. has been working strenuously behind the scenes over the course of the last few weeks with the intent of increasing its retail partnerships that will drive revenue for the company. With Walmart.ca as a global leader in e-commerce and innovation, and with their e-commerce site reaching over 900,000 daily visits by Canadians , the company is extremely excited to be featured in their marketplace. A total of 39 Marianna Naturals branded products over 4 different categories, are currently listed and live on the site and can be purchased here: https://www.walmart.ca/search?q=marianna%20naturals
The Walmart Marketplace is an online store where professional sellers require approval and exceptional customer service prior to inclusion on the e-commerce platform. “This is a major milestone for us. It gives the company a massive opportunity to rapidly increase sales, targeting millions of Canadians that shop online on-a-daily basis. We believe that our beauty and cosmetic products will stand out as the go-to brand for all-natural skincare,”says Joel DeBellefeuille, Co-Founder & CEO of Marianna Naturals Corp.
With COVID-19 ravaging the world and cutting the revenue from companies due to lack of foot traffic in retail stores, Marianna Naturals believes that a strong online presence throughout various online stores and marketplaces, will ultimately be the norm going forward, in-order-for brands to succeed.
Placement of the company’s skincare and beauty products in the Walmart Marketplace, will increase the company’s public visibility considering their go-public strategy in the coming months through Statutory Plan of Arrangement with their partner company Primo Nutraceuticals Inc. (C: PRMO) a listed company on the CSE (Canadian Securities Exchange). A previous press release discussing the arrangement can be viewed here: https://mariannacorp.com/blog/2020/05/04/primo-nutraceuticals-inc-signs-definitive-agreement-with-celebrity-brand-beauty-kitchen
About Marianna Naturals Corp. Marianna Naturals Corp. and Beauty Kitchen manufactures fresh handmade CBD & non-CBD beauty care, personal care, and cosmetics products, which was born from the hugely popular Beauty Kitchen YouTube series. The founder, Heather Marianna, a bubbly social media personality, translated her passion for looking and feeling her absolute best into the development of her all-natural beauty and skincare product line. Beauty Kitchen’s founder and CEO, Heather Marianna, skyrocketed in popularity with the launch of her Beauty Kitchen YouTube series in 2012 where she showcased simple, do-it-yourself beauty recipes made with common kitchen household ingredients. The series generated a powerful following of more than 4 million viewers. Beauty Kitchen is regularly featured in: Forbes, The Source, MTV, Bravo, The New York Post, People, Flipsnack, Vegas, Star Magazine, Radar Online and many more media outlets with a large following of celebrities who use their products.For more information visit:www.mariannacorp.com
FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
No regulatory authority has approved or disapproved the information contained in this news release.
Posted by AGORACOM-JC
at 11:06 AM on Friday, December 11th, 2020
Peter Pascali, Chief Executive Officer & Chair, PyroGenesis Canada Inc. (TSX: PYR) and his team joined Berk Sumen, Head, Company Services, TMX Group, to celebrate the Company’s graduation from TSX Venture Exchange to Toronto Stock Exchange and open the market.
Posted by AGORACOM-JC
at 7:47 AM on Friday, December 11th, 2020
Though the Company has not commented on the tweet publicly, several inquires on the tweet have been put to management.
What the Company can confirm is that Datametrex is completing an agreement to support Canadian communities and provide pre-departure coronavirus (COVID-19) PCR-based testing for travellers in several large metropolitan centers within Canada.
These tests will be available for travellers flying to any destination requiring a negative COVID-19 test.
Toronto, Ontario–(December 11, 2020) – Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTC Pink: DTMXF) (the “Company” or “Datametrex”) wishes to provide clarity on a statement that was published on Twitter by Air Canada regarding COVID-19 testing and Datametrex on November 22, 2020.
The official Air Canada Twitter channel @AirCanada replied to a tweet on a question posted regarding COVID-19 trusted testing partners for travel to the state of Hawaii. Air Canada provided the following reply, “The state of Hawaii will only accept COVID-19 PCR – Nucleic Acid Amplification Test (NAAT) from a certified Clinical Laboratory from trusted testing and travel partners. In Canada those are: LIFE LABS, DYNACARE, Datametrex Al limited, Biron, and DynaLIFE MEDICAL LABS. /Ariana.”
Though the Company has not commented on the tweet publicly, several inquires on the tweet have been put to management. What the Company can confirm is that Datametrex is completing an agreement to support Canadian communities and provide pre-departure coronavirus (COVID-19) PCR-based testing for travellers in several large metropolitan centers within Canada. These tests will be available for travellers flying to any destination requiring a negative COVID-19 test.
As a trusted testing and travel partner, Datametrex will provide further commentary in a news release on locations and specifics to the COVID-19 testing for travellers. Datametrex believes that testing and peace of mind are important to your health and wellness.
Important COVID-19 Considerations
Note: Health Canada does not advise you to get a COVID-19 test if you do not have symptoms of the virus. Since a negative result is required for the Hawaiian pre-testing program, this would go against public health advice.
The Government of Canada also warns against travel outside of the country. Due to the COVID-19 pandemic, governments that have opened their borders to tourists could impose strict travel restrictions suddenly, which could make it difficult for you to return home.
Under measures from provincial Governments in Canada, all arriving passengers from outside of Canada, regardless of their final destination, are required to submit a self-isolation plan. It must show that returning passengers have supports in place to safely self-isolate for 14 days.
About Air Canada
Air Canada is Canada’s largest domestic and international airline. Canada’s flag carrier is among the 20 largest airlines in the world and in 2019 served over 51 million customers. Air Canada is a founding member of Star Alliance, the world’s most comprehensive air transportation network. Air Canada is the only international network carrier in North America to receive a Four-Star ranking according to independent U.K. research firm Skytrax, which also named Air Canada the 2019 Best Airline in North America. For more information, please visit: aircanada.com/media.
About Datametrex
Datametrex AI Limited is a technology-focused with exposure to Artificial Intelligence and Machine Learning through its wholly-owned subsidiary, Nexalogy (www.nexalogy.com). Datametrex’s mission is to provide tools that support companies in fulfilling their operational goals, including Health and Safety, with predictive and preventive technologies. By working with companies to set a new standard of protocols through Artificial Intelligence and health diagnostics, the Company provides progressive solutions to support the supply chain. Additional information on Datametrex is available at www.datametrex.com.
For further information, please contact: Marshall Gunter – CEO Phone: (514) 295-2300 Email: [email protected]
Neither the TSX Venture Exchange nor it’s 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
Certain statements including in this news release contain “forward-looking information” or constitute “forward-looking statements” within the meaning of applicable securities laws. Such forward-looking statements or information are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy, including the dollar amount of revenue anticipated under the Agreement.
Forward-looking statements or information are based on current expectations, estimates and projections that involve several risks and uncertainties, which could cause actual results to differ materially from those anticipated by the Company and described in the forward-looking statements or information. These risks and uncertainties may cause actual results to differ materially from the forward-looking statements or information.
Readers are cautioned that the foregoing list is not exhaustive of all possible risks and uncertainties. Readers are also cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations, and opinions of management on the time such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
Posted by AGORACOM-JC
at 7:43 AM on Friday, December 11th, 2020
Announced the release of its multilingual capabilities for its digital wallet and venue management platform, which is essential to anticipated national rollouts of each platform in the near future. Languages supported are English, French, and Spanish.
VANCOUVER, British Columbia, Dec. 11, 2020 — Loop Insights Inc. (MTRX:TSXV) (RACMF:OTCQB) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement, and automated venue tracing to the brick and mortar space, is pleased to announce the following:
LAUNCH OF MULTILINGUAL PLATFORM IN SUPPORT OF CANADA-WIDE OPPORTUNITIES WITH NATIONAL BRANDS
Loop is pleased to announce the release of its multilingual capabilities for its digital wallet and venue management platform, which is essential to anticipated national rollouts of each platform in the near future. Languages supported are English, French, and Spanish.
“With the whole world watching, including professional sports leagues and teams, college sports leagues and teams, world-renown venues and hospitality companies, Loop hit it out of the park and provided the world with the empirical data necessary to demonstrate our bubble solution is nothing short of world-class. To this end,we have already commenced significant discussionsregarding the possibility of Loop protecting and helping to re-open some of North America’s largest sporting events in 2021.”
Given the advanced level of these discussions and requests by potential national partners/clients across North America, Loop incorporated multilingual capabilities in preparation of any potential definitive agreements.
“We have nowcommenced significant discussions surrounding travel bubble opportunitieswith some of North America’s largest airlines, resort operators, venues, and hospitality groups globally. We anticipate this new revenue stream may be significant for the Company as we progress these opportunities in 2021.”
Given the advanced level of these discussions and requests by potential national partners/clients across North America, Loop incorporated multilingual capabilities in preparation of any potential definitive agreements.
Digital Wallets For Contact Tracing and Vaccination – This product release is both timely and necessary with Canadian Provincial and Federal governments looking to provide a unified solution with contact tracing and vaccination certification.
RECEIPT OF $4,600,000 FROM THE EXERCISE OF WARRANTS ALLOWS LOOP TO CONTINUE EXECUTING WITHOUT THE NEED FOR FURTHER FINANCING
Loop is pleased to announce the receipt of approximately $4,600,000 from the exercise of warrants up to December 10, 2020. The proceeds from this latest round of warrants being exercised are expected to provide Loop with the financial resources necessary to fund growth and operations to the end of 2021 at a minimum, assuming the Company wasn’t able to generate any further revenue from business operations. As such, the Company does not foresee the need for any financing with the exception of strategic client partners that may want to invest in Loop in order to participate in its growth.
Moreover, as the Company expects to generate meaningful revenue from its current and anticipated sales pipeline over the next 12 months, as well as, receive additional proceeds from further anticipated warrant exercises, the Company is confident it now has the war chest necessary to pursue all anticipated business opportunities as the demand for its solutions continues to grow on a weekly, if not daily basis.
Loop Insights CEO Rob Anson stated, “These warrants being exercised significantly bolster our financial strength, resources, and confidence necessary to close on any deal in our pipeline, many of which are of significant size and scale. The continued support and confidence of our valued shareholders are deeply appreciated as we aggressively pursue our growth strategy in 2021.”
LOOP TO COMMENCE VERIFIED DISCUSSIONS BY CEO AND KEY PERSONNEL ON AGORACOM – FIRST POSTS THIS WEEKEND
The Company is commencing discussions on its “CEO Verified Forum” on AGORACOM this weekend, which is intended to serve as the Company’s primary social media platform for interaction with both current and prospective shareholders in a fully moderated environment. Loop believes this is a necessary and important step given the significant increase in the need for information by investors.
Rob Anson added, “I’ve always prided myself on responding to all investor inquiries by email, phone or text but given the growth of the Company in 2020, the demand for engagement and discussion by investors has grown to the point that it now makes sense to unify these discussions under one umbrella that provides all investors with the exact same access. AGORACOM provides verification of Loop management, as well as, smart rules of engagement to ensure civilized, constructive, and robust conversation between all of our stakeholders. It will become an invaluable tool given our anticipated developments and I look forward to posting my first comments and interactions with shareholders this weekend.”
By engaging and communicating in an open forum free for anyone to view, the Loop Verified Forum provides investors with full transparency and equal access to information, without the trolling, profanity, and nonsense of unmoderated forums and social media platforms.
AGORACOM Verified Forums provide the first-ever identity verification of small-cap company executives on an investor platform. As a result, Loop’s CEO and officers can post within a discussion forum without the risk of impersonation, while providing shareholders with the confidence of receiving verified information directly from the Company.
Moreover, the efficiencies of 1:MANY vs 1:1 conversations provide Loop management with significant time management efficiencies that will benefit all shareholders.
Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia. Loop’s products and services are backed by Amazon’s Partner Network.
This news release contains certain statements which constitute forward-looking statements or information. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Loop’s control, including the impact of general economic conditions, industry conditions, and competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Loop believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Loop does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Loop should be considered highly speculative. There can be no assurance that Loop will be able to achieve all or any of its proposed objectives.
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.
Posted by AGORACOM-JC
at 7:38 AM on Friday, December 11th, 2020
Announced that its Gold River and Cubeler Lending Hub platforms are now ready to support China’s new Digital Currency Electronic Payment (DC/EP).
Unlike cryptocurrencies such as Bitcoin, China’s DC/EP is legal tender, it’s backed by yuan deposits, centralized and not anonymous.
It is managed by China’s Central Bank, which requires the country’s banks to convert a part of their yuan holdings into DC/EP form and distribute them to businesses and citizens via mobile technology.
The DC/EP took over five years to develop and is expected to help bring China’s unbanked population into the mainstream economy and accelerate the country’s move to a cashless society.
Montreal, Quebec–(December 11, 2020) – Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that its Gold River and Cubeler Lending Hub platforms are now ready to support China’s new Digital Currency Electronic Payment (DC/EP).
Unlike cryptocurrencies such as Bitcoin, China’s DC/EP is legal tender, it’s backed by yuan deposits, centralized and not anonymous. It is managed by China’s Central Bank, which requires the country’s banks to convert a part of their yuan holdings into DC/EP form and distribute them to businesses and citizens via mobile technology. The DC/EP took over five years to develop and is expected to help bring China’s unbanked population into the mainstream economy and accelerate the country’s move to a cashless society.
Peak began preparing its platforms for the DC/EP last month with the hiring of former People’s Bank of China senior manager, Mr. Wenjun Wu, as a special advisor to assist the Company in that capacity. Through Mr. Wu’s expertise in the matter and his relationship with the Postal Savings Bank of China (http://www.psbc.com/en/), one of a select few banks with the DC/EP API, Peak’s platforms are now among the first to provide clients with the ability to conduct DC/EP transactions. In addition to its inherent security features, the DC/EP offers several benefits to businesses and financial institutions alike. For instance, loans and credit transactions conducted in DC/EP will on average carry lower interest rates than similar transactions conducted in regular yuan and transactions will be settled instantly, all of which are expected to make DC/EP transactions the preferred way of conducting business in China, and a way to increase transaction volume on Peak’s platforms. The Company plans to run a pilot project beginning later this month with a few supply-chain financing related transactions before making the feature available to all Gold River and Lending Hub clients.
Peak’s DC/EP pilot project will coincide with the arrival of Xingcheng Special Steel Works Ltd. (“XSSW”) (https://xctg.citicsteel.com/) to the Cubeler Lending Hub Ecosystem. XSSW is a subsidiary of conglomerate CITIC Ltd. (https://www.citic.com/en/). It’s the 2nd largest supplier of specialized steel products in China servicing a variety of industries and manufacturers with products such as bearings, alloy steel wires, plates, rods and springs that go into the making of numerous products. Peak and XSSW were connected through the Jiangyin Financial Centre following a series of financing requests from Jiangyin manufacturers to purchase material from XSSW. By officially adding XSSW to Lending Hub’s list of approved suppliers and working in partnership with XSSW, Peak will now be able to offer its supply-chain financing services to all XSSW clients through joint marketing initiatives.
Wall Street Reporter’s NEXT SUPER STOCK Livestream – December 15, 2020
Peak will be a featured presenter at Wall Street Reporter’s NEXT SUPER STOCK livestream conference on Tuesday, December 15, 2020 at 1:00pm EST. CEO Johnson Joseph will discuss Peak’s latest news events and answer investor audience questions. Those interested can click the following link to register and join the livestream: Next Super Stock Livestream Registration.
About Peak Fintech Group Inc.:
Peak Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakfintechgroup.com
For more information, please contact:
CHF Capital Markets Cathy Hume, CEO 416-868-1079 ext.: 251 [email protected]
Peak Fintech Group Inc. Johnson Joseph, President and CEO 514-340-7775 ext.: 501 [email protected]
This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including “anticipate”, “believe”, “could”, “expect”, “intend”, “may”, “plan”, “potential”, “project”, “seek”, “should”, “will”, “would” and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.
