Posted by AGORACOM
at 11:53 AM on Wednesday, October 7th, 2020
Osisko Mining Inc. announced results from the continuing drill program at its 100-per-cent-owned Windfall gold project located in the Abitibi greenstone belt in Urban township, Eeyou Istchee James Bay, Quebec, where step out drilling has expanded high grade gold at Windfall, with 2.4m of 391g/t gold Windfall.
What a great intercept, proof that there is gold at Windfall, and Durango is aiming to prove its own deposits with initial drilling having begun on their 100% owned property.
Durango’s Trove property borders Osisko and is 100% owned
Collars of several holes that have intersected gold are 15km from Osiskos results
Durango has already begun drilling Trove, where Osisko has previously returned 5g/t gold 300 meters from the Trove border with Osisko
Do your DD and read below why Durango might be the next High Grade gold intercept at Windfall Lake
Durango Begins Drilling on Trove Property at Windfall Lake, QC
Vancouver, BC – October 6, 2020 – Durango Resources Inc. (TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the ” Company ” or ” Durango “) is pleased to report that further to its news release dated September 17, 2020, drilling is now underway on the Trove Property at Windfall Lake, Quebec.
Due to the limited outcrops in the area, Durango has relied to date on surface geochemistry and induced polarization (” IP “) for planning its 2020 drill program. New mechanical stripping on the northeast extremity of the Trove Property has strongly contributed to confirm and more accurately define carbonate-altered pyrite mineralized zones.
Durango has designed the 2020 drill program to test the lithological contacts between the units associated structures and shear zones. The initial drill holes on the Trove Property are planned to confirm a mineralized trend between two drill intersections ( OSK-UB-18-083 intersected 1.03 g/t Au and 5.13 g/t Au, OSK-UB-18-085 intersected 1.85 g/t Au) and to test near surface geophysical targets based on chargeability highs of the IP anomalies conducted in 2019 and coincident with gold in till.
Marcy Kiesman, CEO of Durango, stated, “Durango’s exploration team and drilling crew are excited that drilling has commenced after months of preparation. Surface results to date on the Trove Property have been very promising with the discovery of a sizable northeast shear zone, contact, alteration and quartz veining at surface near the initial drill targets. Within the Trove Property limits, there are no recorded drill holes, so our team is looking forward to drill testing the geophysical anomalies, shear zones and vein structures on the Trove Property.”
The technical contents of this press release were approved by George Yordanov, professional geologist, an Independent Qualified Person as defined by National Instrument 43-101. The Trove Property has not yet been subject to an NI-43-101 report.
Trove, Quebec
Durango owns 100% interest in the Trove claims, which are surrounded by Osisko Mining Inc. (TSX: OSK), in the Windfall Lake area between Val d’Or and Chibougamau, Quebec. The 1,185 hectare property is compelling due to the coincidence of gold found in tills coinciding with magnetic highs, several Induced Polarization anomalies and two faults crosscutting the property. The fault systems north and south of the Trove, control gold mineralization elsewhere, indicating the Trove has excellent exploration potential. Durango received all the final drill permits for the Trove property in September 2019 and is ready to undertake its inaugural drill program.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company is positioned for discovery with a 100% interest in a strategically located group of properties in the Windfall Lake gold camp in the Abitibi region of Quebec , Canada.
Posted by AGORACOM-JC
at 11:05 AM on Wednesday, October 7th, 2020
SPONSOR: Avicanna (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN) is a Canadian vertically-integrated biopharmaceutical company developing and commercializing various cannabinoid-based products for the global market place. When we say vertically integrated, we mean it. Avicanna has 4 fully operating divisions to address the entire market for Cannabis products. As a Cannabis investor, why limit yourself to a Company with just one specialty, when Avicanna offers you exposure to the entire vertical. Learn More.
Growing Adoption of CBD Pharmaceutical Grade and Wellness Products Having Healthy Impact on Market Growth
Global CBD and CBD oil market revenues are projected to continue to rise significantly in the coming years
Increasing consumer preference for various cannabidiol infused products such as capsules, cannabis oil, beverages, beauty and skincare products, gummies, and dog treats is further anticipated to drive the CBD oil and CBD consumer health market
PALM BEACH, Fla., Oct. 1, 2020– The global CBD and CBD oil market revenues are projected to continue to rise significantly in the coming years. Increasing consumer preference for various cannabidiol infused products such as capsules, cannabis oil, beverages, beauty and skincare products, gummies, and dog treats is further anticipated to drive the CBD oil and CBD consumer health market. Cannabidiol can enter the body in several ways such as vaping, ingesting, smoking, and through the skin. Growing adoption of cannabidiol to manufacture medical drugs and personal care products in states where cannabis is legal is positively impacting the market growth. The legalization of cannabis-based products has provided a remarkable opportunity for the end-user industries to expand. The growing number of research activities, increasing awareness regarding synthetic cannabidiol, and rising strategic investments by companies are expected to contribute to the overall growth through 2027.
Posted by AGORACOM
at 9:58 AM on Wednesday, October 7th, 2020
By Ellsworth Dickson
Nickel is a most useful base metal. Because rust never sleeps, some 75% of nickel produced is used to make stainless steel, most being what is known as Class 2 nickel. Class 1 nickel, or pure nickel, is used for making steel alloys, storage batteries for laptops and cell phones and, of increasing importance, electric vehicle (EV) batteries.
Nickel is part of the cathode in a Li-ion battery. It is these Li-ion batteries that are kick-starting a sea change in the nickel market.
Combining all uses, nickel demand grew 9.4% during 2018 and 2018 – outperforming all other major base metals – making it a US$20 billion per year industry. In 2018, Canadian exports of nickel-based products totaled $4.2 billion with Canada ranking fifth in the world for mine production.
Nickel prices are currently trading around US$14,000/tonne, or US$6.42/lb, up more than 30% from March lows and near its highest levels in November 2019.
And while stainless steel and other nickel usages continue to steadily grow as the world’s population increases, it is the EV market that is expected to see a huge growth in nickel demand, according to senior miner Glencore. For the first time, in 2017, sales of EVs passed the 1 million mark; however, this is just the beginning.
According to the International Energy Agency, (IEA), sales of electric cars topped 2.1 million globally in 2019, surpassing 2018 – already a another record year – to boost the stock to 7.2 million electric cars, 47% of which were in China. It’s hard to believe that in 2010, there were only 17,000 EVs on the road. Electric cars, which accounted for 2.6% of global car sales and about 1% of global car stock in 2019, registered a 40% year-on-year increase.
In their recent report, the IEA stated that nine countries had more than 100,000 electric cars on the road. At least 20 countries reached market shares above 1%. However, this growth has sometimes been disrupted by various events and circumstances that negatively affected EV sales.
Deloitte’s outlook shows EV sales reaching 21 million vehicles in 2030 as the cost of manufacturing batteries falls significantly and range anxiety becomes less of a concern. Another challenge for would-be EV buyers is availability of charging stations out of town and, in tow, lacking of charging stations in older apartment buildings.
This huge increase in EV sales will be even more jump-started with the introduction of electric pickup trucks, SUVs, delivery trucks and semi tractor trailers. This could cause a supply crunch for Class 1 nickel.
Interestingly, the IEA noted that electric two/three-wheelers will continue to represent the lion’s share of the total electric vehicle fleet, as this category is most suited to rapid transition to electric drive. The future electric two/three-wheeler fleet is concentrated in China, India and the ten countries of ASEAN.
Wood Mackenzie predicts an increase in nickel demand for EVs from 128 kt in 2019 to 265 kt in 2025 and 1.23 Mt in 2040, increasing nickel battery demand from 4% in 2018 to 31% by 2040.
It has been estimated that by 2025 the world need almost 1 million tonnes per year of new nickel supply. By 2030, 2.5 million tonnes, or double that of today, is required.
Wood Mackenzie is forecasting an average annual nickel deficit of 60,000 tonnes through to 2027 – a situation that bodes well for nickel explorers, developers and producers.
About one-half of the world’s nickel supply is suitable for use in batteries such as the nickel sulphide mines in Sudbury, Voisey’s Bay and Russia.
Those companies involved in discovering and mining nickel deposits are participating in a massive unstoppable global event with the electrification of the world’s vehicles – a good place to be.
Tartisan Nickel Corp. [TN-CSE; TTSRF-OTC; A2D-FSE] has favourably positioned itself to participate in the growing electric vehicle sector with its advanced-stage Kenbridge nickel-copper-cobalt project in northwestern Ontario.
While copper and cobalt are important for the EV battery and vehicle market, Elon Musk of Tesla Motors recently stated that nickel remains a key ingredient to its rapidly improving EV battery technology. Stainless steel production still accounts for the majority of nickel usage; however, commodity research firm Roskill has stated that the current EV nickel demand will grow from 4% to 15-20% of the market.
Longer term, California Governor Gavin Newsom just signed an executive order that will ban the sale of new gas-powered passengers cars starting in 2025.
Tartisan’s Kenbridge Project, located near Atikwa Lake in the Kenora-Fort Frances area, has undergone an updated mineral resource estimate.
The updated estimates were done for pit constrained and out-of-pit nickel, copper, and cobalt resources. Total Measured & Indicated Mineral Resources, based on a Net Smelter Return (NSR) cut-off value of CDN$15/tonne for pit constrained Mineral Resources and CDN$6/tonne NSR for out-of-pit Mineral Resources is 7.5 Mt at 0.58% nickel and 0.32% copper for a total of 95 Mlb of contained nickel. An additional 0.985 Mt at 1.0% nickel and 0.62% copper (22 Mlb contained nickel) were calculated as Inferred Resources. Pit constrained Measured & Indicated Resources total 5.27 Mt of 0.45% nickel, 0.26% copper and 0.009% cobalt at an NSR cut-off value of CDN$15/tonne. The out-of-pit Measured & Indicated Resources total 2.23 Mt of 0.86% nickel; 0.45% copper; and 0.006% cobalt. Inferred Mineral Resources out-of-pit total 0.985 Mt at 1.00% nickel, 0.62% copper and 0.003% cobalt, at an NSR cut-off value of CDN$60/tonne.
Mark Appleby, President and CEO, notes that the deposit is open to depth with the highest nickel grades having a strong down-plunge orientation such as hole KB07-180 that returned 2.95% nickel and 0.82% copper over 21.5 metres, including 7.2% nickel and 0.67% copper over 5.5 metres.
Highlights of an Updated PEA were: average nickel recovery life-of-mine was 86%; recovered nickel was 84.6 Mlb; NPV7.5% pre-tax was $253M; and IRR% pre-tax was 65%.
The Kenbridge property has good access to roads and power. It has a shaft to a depth of 622 metres, with level stations at 45-metre intervals below the shaft collar and two levels developed at 107 metres and 152 metres below the shaft collar.
Tartisan Nickel has planned a surface exploration and definition drilling plan, in addition to geotechnical, metallurgical and environmental work to advance the project in the upcoming 2020 winter season and into summer 2021.
The company also owns equity stakes in Eloro Resources Ltd. that is exploring the 99%-optioned ISKA ISKA Project, a gold-silver-zinc-lead target with a 3,500-metre underground drilling program underway in the Potosi district, Bolivia, and the low-sulphidation epithermal 82%-owned La Victoria gold-silver project in Peru.
Tartisan is a shareholder in Class 1 Nickel and Technologies that holds the past-producing Alexo-Kelex Dundonald nickel project near Timmins, Ontario in which Tartisan has a 0.5% NSR. The property hosts an estimated total NI 43-101 compliant Indicated Mineral Resources of 571.7k tonnes averaging 0.77% nickel plus Inferred Resources.
Being a prospect generator, Tartisan spun out the Alexco-Kelex Project to Class 1 Nickel as well as the La Victoria Project to Eloro.
Tartisan is a shareholder in Peruvian Metals Corp. that is operating a toll mill in Peru and announced an exploration and bulk sampling program on the high-grade gold-silver-copper Palta Dorada Project.
Tartisan also has a 100% interest in the Sill Lake silver-lead project near Sault Ste. Marie, Ontario.
Tartisan’s investment portfolio is in excess of $7 million which can provide funds for its activities and avoids share dilution through further share issuances. The company has 101.6 million shares outstanding.
Though its acquisitions and investments, Tartisan Nickel is poised to benefit from the burgeoning EV battery sector as well as its precious metal and base metal prospects.
Garibaldi Resources Corp. [GGI-TSXV; GGIFF-OTC; RQM-FSE] has been following up its 2017 magmatic nickel massive sulphide discovery in the Golden Triangle region of northwestern British Columbia.
Located on Nickel Mountain, the flagship E&L deposit hosts nickel, copper, cobalt, platinum, palladium gold and silver. The latest drill results from the 2020 program have extended the strike length of the mineralized E&L system from 200 metres to over 650 metres to the east, where the intrusion remains open.
The 100%-owned project is the Golden Triangle’s first magmatic nickel-copper-rich massive sulphide system in the heart of the prolific Eskay Camp. The 2017 discovery drill hole EL-17-14 intersected 8.3% nickel, 4.2% copper, 0.19% cobalt, 1.96 g/t platinum, 4.5 g/t palladium, 1.1 g/t gold and 11.1 g/t silver over 16.75 metres starting 100.4 metres downhole, within a broader 40.4-metre core length highlighted by 3.9% nickel and 2.4% copper.
In February, 2019, Garibaldi confirmed an even shallower new zone (Northeast Zone) with drill hole EL-18-33 that returned 7.7% nickel and 2.95% copper over 4.8 metres within a broader interval of 49 metres grading 1.34% nickel and 0.89% copper (core length) plus cobalt, platinum, palladium, gold and silver credits.
Diamond drilling continues to build out on the persistent widespread nickel-copper mineralization, which includes massive sulphides featuring top-tier nickel-copper grades in addition to palladium, platinum, cobalt, gold, silver and strategic PGE (platinum group element) rare metals, including rhodium.
Hole EL-20-88, collared 350 metres east of pivotal hole EL-19-80, intersected 142.79 metres of mineralized taxitic gabbro and olivine pyroxenite along trend of the E&L system. This large step-out hole exhibited an E&L geochemical signature which expanded the strike length of the E&L gabbroic intrusion to over 650 metres within a 2-km structural corridor that remains untested and open.
Hole El-20-89 has produced the widest mineralized intercept so far from 71.34 metres to 223 metres returning nickel-copper mineralization over 151.6 metres grading 0.56% nickel and 0.61% copper. This intersect included 80.53 metres of 0.88% nickel and 0.85% copper, which expanded the northeastern massive sulphide zone six metres south, the LDZ 15 metres north and the Second Chamber 45 metres west.
Semi-massive veins along the contact edge with sediments assayed 0.33 metres (100.54 to 100.87 m) of 6.87% nickel and 1.69% copper, and 0.15 metres (147.48 to 147.63 m) of 3.04% nickel and 1.62% copper.
Garibaldi has drilled 10 additional holes at the E&L project on Nickel Mountain and is up to hole 94 so far this season. With new geochemical and geophysical targets located at depth, the immediate goal of the drill program is to follow the steeply-plunging E&L gabbro to the east. The conductors detected off hole will be drill tested for mineralization.
Garibaldi owns 100% of more than 200 km2 in Eskay Camp, including newly discovered high-grade gold quartz vein system at Casper, located 15 km north of Nickel Mountain. Assays are pending. The company also has four projects in Mexico.
Garibaldi’s nickel discovery is a unique development in the Golden Triangle with excellent potential for significant expansion at a time of increasing nickel demand from the electric vehicle market.
Just 12 km north of the E&L nickel deposit is Garibaldi’s 100%-owned Casper high-grade gold quartz vein discovery. The Casper gold vein is a strategic low elevation target (420 metres) within a km of road access and hydroelectric power.
Field crews collected 165 samples within 250 metres north of and 250 metres south of the northwest-southeast-striking Casper vein. High-grade grab samples at Casper were reported up to 249 g/t gold and assays for 86 Casper channel samples have been released with up to 92 g/t gold and 5.69 g/t gold over 52 metres.
Mechanical trenching at the Casper gold quartz vein has further uncovered the high-grade vein over more than 120 metres, from the initial 43 metres of hand trenching exposing the discovery.
The quartz vein remains open with mineralized rock samples extending along trend for 330 metres within a 500-metre gold-in-soil and MMI (mobile metal ion) geochemical anomaly.
The latest assays from 61 channel sample assays returned gold grades ranging from 0.676 g/t gold up to 93.29 g/t gold from a channel sample that contained visible gold.
The company has 116 million shares outstanding.
Sama Resources Inc. [SME-TSXV; SAMMF-OTC.PK] is a Canada-based mineral exploration and development company with projects in West Africa, in particular, the Samapleu nickel-copper-cobalt-platinum group metals project in Côte d’Ivoire (Ivory Coast).
Sama’s projects are located approximately 600 km northwest of Abidjan in Côte d’Ivoire and adjacent to the Guinean border in West Africa.
In 2010, Sama discovered nickel-copper-PGE mineralization, including veins and lenses of high grades material near surface at numerous locations within the then discovered Yacouba intrusive complex.
In October, 2017, Sama announced that it had entered into a binding term sheet in view of forming a strategic partnership with HPX TechCo Inc., a private mineral exploration company in which mining entrepreneur Robert Friedland is a significant stakeholder, in order to develop the Samapleu Project. HPX is spending $18 million on the project.
Since March 2010, Sama has performed surface IP and Mag surveys as well as Airborne Mag-Radiometric and HTEM surveys and 388 boreholes for a total of 54,000 metres of drilling. Mineral resources assessments have been completed at one site, the Samapleu deposit, aiming for a modest scale Ni-Cu open pit mining and processing operation, while continuing to explore newly discovered prospective ground. Sama’s objective is to delineate massive sulphide reservoirs that could be the source of these high-grade nickel–copper-cobalt-palladium lenses. The newly discovered Yacouba complex can be compared to other world class bases metals camps like Jinchuan in China and Voisey’s Bay in Canada, etc.
Highlights of a Preliminary Economic Assessment at Samapleu, include average annual production of 3,900 tonnes of carbonyl nickel powder, 8,400 tonnes of carbonyl iron powder and 14,100 tonnes of copper concentrate over a 20-year mine life. Capital costs are estimated to be $282 million, including a contingency of $37 million with operational costs of $23.96/tonne milled.
Pre-tax Net Present Value (8% discount rate) is $615 million and an Internal Rate of Return of 32.5%. After-tax NPV (8% discount rate) of $391 million and an after-tax IRR of 27.2%.
Geophysical activities have resumed with downhole electromagnetic surveys planned in four deep drill holes at the Yepleu target zone and in one deep drill hole at the Bounta target zone. The holes at Yepleu and Bounta were drilled in the early months of 2020, with both zones part of the large Yacouba Ultramafic-Mafic intrusive complex discovered by Sama in 2010.
Future production will be managed by a JV controlled 66⅔% by Sama Nickel Corp. a wholly-owned subsidiary of Sama Resources, and 33⅓% by SODEMI. Sama Resources has $2.5 million in its treasury and holds $12.4 million in securities with no debt. The company has 216,466,410 shares outstanding.
The Samapleu nickel-copper-cobalt-platinum group metals project is located in mining-friendly West Africa, home to a number of successful mining operations. The polymetallic project hosts a suite of metals – nickel-copper-cobalt-platinum group metals – all of which are currently in demand.
Posted by AGORACOM-JC
at 9:18 AM on Wednesday, October 7th, 2020
Taken the next step in its growth strategy by executing a letter of intent dated October 1, 2020 to acquire Volcanic Media Inc., a leader in scholastic and grassroots Canadian esports
Volcanic was founded in 2018 and is the creator of the National Esports Scholastic League, a first of its kind initiative that works directly with school districts and educators to create various esports initiatives
To date Volcanic has worked with over 1000 high school students in 13 different cities spanning 6 school districts
Acquisition is expected to drive over 200,000 new users to TGS through scholastic leagues, tournaments, and in-class programs
VANCOUVER, BC, Oct. 7, 2020 – TGS Esports Inc. (“TGS” or the “Company“) (TSXV: TGS) is pleased to announce that it has taken the next step in its growth strategy by executing a letter of intent dated October 1, 2020 (the “LOI“) to acquire Volcanic Media Inc. (“Volcanic“), a leader in scholastic and grassroots Canadian esports (the “Acquisition“).
Volcanic was founded in 2018 and is the creator of the National Esports Scholastic League, a first of its kind initiative that works directly with school districts and educators to create various esports initiatives. To date Volcanic has worked with over 1000 high school students in 13 different cities spanning 6 school districts.
Volcanic has been at the forefront of scholastic esports including awarding high school esports scholarships and creating inter-district high school esports leagues, both firsts of their kind in Canada. Volcanic have also started work on indigenous esports efforts, previously working with Binche Keyoh First Nations for pilot esports programs.
Following the closing of the Acquisition (the “Closing“), TGS is also proud to announce that, as part of this new partnership, all high schools looking to utilize Volcanic will be able to do so absolutely free with no fees paid by schools or students. Interested schools can reach out to Shawn Caldera: [email protected].
Acquisition Highlights
The Acquisition is expected to drive over 200,000 new users to TGS through scholastic leagues, tournaments, and in-class programs.
The new users will feed into TGS’ online platform, Pepper Esports, which adds to TGS’ overall strategy of having one central ecosystem that creates an unparalleled esports experience.
The Acquisition has the potential to put TGS at the forefront of High School esports in Canada and offer TGS an all new scholastic division led by Shawn Caldera and JP Perez of Volcanic.
“We have been working with Shawn and his team for some time now and it made perfect sense to bring Volcanic into the fold,” said Spiro Khouri, CEO of TGS. “Thirty percent of all gamers are under the age of 181 and that number is growing. By introducing that demographic to TGS it allows them to interact with us early and stay a part of our ecosystem beyond High School.”
“Volcanic was created to provide high quality esports events in the scholastic space. In this regard, the agreement with TGS will allow us to take Volcanic to the next level and work with students not only in High School but beyond,” said Shawn Caldera, President of Volcanic.
The LOI sets out the principal terms on which the parties have agreed to complete the Acquisition. The parties have agreed to negotiate in good faith to formalize a definitive agreement (the “Definitive Agreement“) on or before October 30, 2020, and to consummate the Acquisition on or before November 30, 2020.
On Closing, the Company will acquire all of the issued and outstanding common shares of Volcanic (the “Volcanic Shares“) in exchange for a purchase price of $240,000 (the “Purchase Price“). The Purchase Price will be payable by the issuance of such number of common shares of TGS (each, a “TGS Share“) that is equal to the relevant payment (collectively, the “Consideration Shares“), which Consideration Shares will be subject to certain mutually agreed upon terms of escrow.
The Consideration Shares will be distributed upon each of the following milestones being achieved: 40,000 on the Closing; $10,000 on the date that 10,000 new users are registered on Pepper Esports Inc.’s (“Pepper“) esports platform or any other TGS platform as a result of contracts entered into by Volcanic; $30,000 on the date that 40,000 total new users are registered on Pepper’s esports platform or any other TGS platform as a result of contracts entered into by Volcanic; $30,000 on the date that 70,000 total new users are registered on Pepper’s esports platform or any other TGS platform as a result of contracts entered into by Volcanic; $30,000 on the date that 100,000 total new users are registered on Pepper’s esports platform or any other TGS platform as a result of contracts entered into by Volcanic; $50,000 on the date that 150,000 total new users are registered on Pepper’s esports platform or any other TGS platform as a result of contracts entered into by Volcanic; and $50,000 on the date that 200,000 total new users are registered on Pepper’s esports platform or any other TGS platform as a result of contracts entered into by Volcanic.
Subject to the approval of the TSX Venture Exchange (“TSXV“), the Consideration Shares will be issued at a deemed price equal to the Discounted Market Price (as defined in the policies of the TSXV) of the TGS Shares on the date of issuance of the Consideration Shares based on the Volume Weighted Average Price of TSXV’s share price in the ten (10) trading days prior to the relevant payment date. The discount applicable to the Consideration Shares shall be the lesser of 25% and the maximum discount applicable under the policies of the TSXV on the date of issuance of the Consideration Shares.
On Closing, it is anticipated that each of Shawn Caldera and JP Perez will enter into consulting agreements with TGS pursuant to which they will serve the Company as Scholastic Esports Director and Scholastic Esports Manager respectively.
The Acquisition is expected to constitute a “Reviewable Transaction” as defined in TSXV Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets and is therefore subject to the prior approval of the TSXV. No finder’s fees are payable in connection with the Acquisition. Following the Closing, Volcanic will become a wholly-owned subsidiary of the Company.
Completion of the Acquisition remains subject to a number of conditions, including: (i) the approval of the Acquisition by the shareholders of Volcanic, (ii) the completion of satisfactory due diligence, (iii) the approval of the boards of directors of the Company and Volcanic, (iv) the execution of the Definitive Agreement, (v) obtaining all required consents, waivers and approvals, including the approval of the TSXV, and (vi) other closing conditions customary for transactions of this nature.
About Volcanic Esports Inc.
Volcanic Media Inc. is a private British Columbia esports and digital media startup. Volcanic is a leader in esports growth in Canada, running the National Esports Scholastic League, where students compete for post-secondary scholarship funding. Volcanic also acts as a gateway for digital creators, gamers and media enthusiasts for their future careers. Volcanic works with tech accelerators, tech businesses and educators to help foster grassroots community engagement through Volcanic’s ATLAS platform; a powerful esports engagement platform helping to ensure no esports enthusiast is left behind.
About TGS Esports Inc.
TGS Esports Inc. is an esports organization focused on providing an unparalleled esports experience through its expertise in online and in-person event management, broadcast production, and Pepper Esports tournament software. TGS is the owner of Canada’s first dedicated esports arena, The Gaming Stadium, located in Richmond, British Columbia, which opened in June 2019. The Gaming Stadium hosts regular online tournaments as well as provides high quality broadcast production for any event. For more information, visit www.thegamingstadium.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.
On behalf of the Board of Directors
“Spiro Khouri“
Spiro Khouri, CEO TGS Esports Inc.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including with respect to: Shawn Caldera and JP Perez joining the TGS team, that the Acquisition will increase the number of TGS users and, in turn, feed into TGS’ online platform, that the Acquisition will allow the Company to keep players within its ecosystem, that the Acquisition has the potential to put TGS at the forefront of High School esports in Canada, the execution of the Definitive Agreement and the terms of such Definitive Agreement, the completion of the Acquisition and the acceptance of the Acquisition and terms thereof by the TSXV. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. The risks include the following: the unknown magnitude and duration of the effects of the COVID-19 pandemic and other risks that are customary to transactions of this nature. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.
This press release is not an offer of the securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
Posted by AGORACOM-JC
at 9:08 AM on Wednesday, October 7th, 2020
Since launching locally made non-medical masks in April of 2020, PK Beans has worked with local partners, as well as their manufacturing partners overseas, to support customers and provide entire families with mask options that have kids in mind for comfort and safety
To date, PK Beans has sold 5,310 masks resulting in $56,443.42 of revenue for the Company. Masks have accounted for 12.9% of units sold since April 10, 2020 and 10% of all orders
Vancouver, British Columbia–(October 7, 2020) – Peekaboo Beans Inc. (OTC Pink: PBBSF) (“PK Beans” or the “Company”), a responsible and innovative children’s apparel brand, is pleased to offer an update on their mask program. Since launching locally made non-medical masks in April of 2020, PK Beans has worked with local partners, as well as their manufacturing partners overseas, to support customers and provide entire families with mask options that have kids in mind for comfort and safety.
To date, PK Beans has sold 5,310 masks resulting in $56,443.42 of revenue for the Company. Masks have accounted for 12.9% of units sold since April 10, 2020 and 10% of all orders.
To help meet the strong demand for masks, PK Beans has received $100,000 in funding to build out a 6-month robust mask program. Along the initial sales goal and continued re-investment of these profits, to meet supply and demand, the estimated revenue potential is upwards of $750,000. The loan will be paid back from proceeds of the sales on a monthly basis.
“Here at PK Beans, we are always committed to giving back to our community and supporting families,” says CEO Traci Costa “We quickly saw a need to help keep our communities safe, and continue to support children and families by providing a non-medical mask that is comfortable to wear, just like our clothing. This loan will help facilitate a short-term supply and demand for masks in the marketplace while we continue to grow the core business through our omni channel.”
About Peekaboo Beans Inc.
PK Beans is an innovative children’s apparel brand with a focus on environmentally responsible clothes that are intentionally designed to inspire play. Through an omni-channel approach, Peekaboo Beans engages sellers through social platforms, including Instagram and Facebook, as well as online retailers, to maximize revenue and build brand loyalty. The Company works to promote a playful lifestyle for children by designing comfortable clothes that are built to last.
On behalf of the Board of Directors, Peekaboo Beans Inc.
Ms. Traci Costa, President and CEO (604) 279-2326
For more information, please contact the Company at: [email protected] 1-604-279-2326
Reader Advisory
This news release may include forward-looking information that is subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such information is not a guarantee of future performance and actual results or developments may differ materially from those contained in forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking information include, but are not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Posted by AGORACOM
at 8:28 AM on Wednesday, October 7th, 2020
Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) is focused on the exploration and development of graphite for the new green economy. Lomiko has been monitoring actions by government in Canada and the USA that are focused on reducing dependence on Chinese supply of graphite, lithium and other electric vehicle battery materials. Canada and the USA have worked closely and confirmed supply agreements between the two countries.
This press release features multimedia. View the full release here:
“…the United States is 100 percent reliant on imports for graphite, which is used to make advanced batteries for cellphones, laptops, and hybrid and electric cars. China produces over 60 percent of the world’s graphite and almost all of the world’s production of high-purity graphite needed for rechargeable batteries.”
“(i) the United States develops secure critical minerals supply chains that do not depend on resources or processing from foreign adversaries;
(ii) the United States establishes, expands, and strengthens commercially viable critical minerals mining and minerals processing capabilities; and
(iii) the United States develops globally competitive, substantial, and resilient domestic commercial supply chain capabilities for critical minerals mining and processing.”
In September, Congressmen Lance Gooden (R-TX) and Vicente Gonzalez (D-TX) recently introduced a bill that seeks to decrease the U.S.’s dependence on China for critical metals. The bill, dubbed the Reclaiming American Rare Earths (RARE) Act, aims to establish tax incentives for domestic production of rare earths.
The Congressmen statement sounds the alarm regarding critical metals production: “The United States is more dependent than ever on the importation of the resources that drive our economy, enable us to build advanced technology, and ensure our national security,” Gooden’s office said in a release. “Thirty-five of these rare earth minerals are designated by the Department of Interior as ‘critical’, and we source fourteen of them entirely from foreign suppliers. China is a leading supplier for twenty-two of the thirty-five. The RARE Act is specifically designed to change that.”
Earlier this year, Sen. Ted Cruz introduced similar legislation, dubbed the Onshoring Rare Earths Act of 2020, or ORE Act. Further, on December 18, 2019 Canada announced that it had joined the U.S.-led multilateral Energy Resource Governance Initiative (ERGI). ERGI aims to support secure and resilient supply chains for critical minerals by identifying options to diversify supply chains and facilitate trade and industry connections.
Canada, and especially Quebec, are perfectly situated to supply the U.S. with many of the critical minerals it is seeking to secure due to an extensive selection of mineral projects. Also, strong political and economic ties, a stable political, economic and regulatory environment and a robust metals and mining sector. Of the 35 critical metals identified by the U.S., Canada is a sizable supplier of 13 of such minerals including graphite, lithium and manganese to the U.S. and the second-largest supplier of niobium, tungsten and magnesium. Canada also supplies approximately one quarter of the U.S. uranium needs.
“Initial indications are that La Loutre Graphite Property is high-quality and high-grade and thus worthy of development.” stated A. Paul Gill, CEO. “The only operating graphite mine in North America which is the Imerys Graphite & Carbon at Lac-des-Îles, is 30 miles northwest of La Loutre and has operated for 30 years. It reported proven reserves of 5.2 M Tonnes at a grade of 7.42 % Cg in July 1988 before the start of production.” (Reference: Potentiel de la minéralisation en graphite au Québec, N’Golo Togola, MERN, page 31, Conférence Québec Mines, November 24 2016).
Graphite demand is expected to increase exponentially for the mined natural graphite material, as more is used in the production of spherical graphite for graphite in the anode portion of Electric Vehicle Lithium-ion batteries. The near-term goals of the company are as follows:
1) Complete 100% Acquisition of the Property, currently 80% owned by Lomiko Metals.
2) Complete metallurgy and graphite characterization to confirm li-ion anode grade material.
3) Complete a Technical Report to confirm the extent of the mineralization equals or surpasses the nearby Imerys Mine, owned by international mining conglomerate.
A “technical report” means a report prepared and filed in accordance with this Instrument and Form 43-101F1 Technical Report, and includes, in summary form, all material scientific and technical information in respect of the subject property as of the effective date of the technical report;
4) Complete Preliminary Economic Assessment (PEA)
A PEA means a study, other than a pre-feasibility or feasibility study, that includes an economic analysis of the potential viability of mineral resources.
We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), accept responsibility for the adequacy or accuracy of this release.
Posted by AGORACOM-JC
at 7:14 AM on Wednesday, October 7th, 2020
Entered into an agreement to acquire the intellectual property assets of Digital2Go Media Networks, Inc., d/b/a Locally.io, a global leader in location data intelligence and real-time consumer engagement
With over 50 billion location signals collected so far, Locally has helped well-known brands and companies such as Ford, BMW, Wyndham Resorts, Calvin Klein, Kroger, Chipotle, Napa Auto Parts, 7-11 access deep consumer behavioral insights across all their verticals.
The Locally solutions help businesses connect their physical and digital worlds by providing mobile location insights and marketing integration capabilities
VANCOUVER, British Columbia, Oct. 07, 2020 — Loop Insights Inc. (MTRX:TSX.V RACMF:OTCQB) (the “Company” or “Loop”) a provider of contactless solutions and artificial intelligence (“AI”) to drive automated marketing, venue tracing, and contactless solutions to the brick and mortar space, announces that it has entered into an agreement to acquire the intellectual property (“IP”) assets (the “Agreement”) of Digital2Go Media Networks, Inc., d/b/a Locally.io (the “Vendor” or “Locally”), a global leader in location data intelligence and real-time consumer engagement.
Locally had established itself as a premier provider of location and human movement intelligence data. The Locally solutions help businesses connect their physical and digital worlds by providing mobile location insights and marketing integration capabilities. With over 50 billion location signals collected so far, Locally has helped well-known brands and companies such as Ford, BMW, Wyndham Resorts, Calvin Klein, Kroger, Chipotle, Napa Auto Parts, 7-11 access deep consumer behavioral insights across all their verticals.
THE LOCALLY IP ACQUISITION TO POSITION LOOP AS A LEADER IN ONLINE AND ON-PREMISE REAL-TIME DATA MONETIZATION
By combining the Loop and Locally technology stacks, existing and future Loop customers will benefit from enhanced location and mobile data insights, additional targeted marketing capabilities, and new revenue streams via data monetization with brands, marketers, large enterprises, financial institutions, and more. Additionally, the worldwide COVID19 pandemic has driven incredible demand for such location intelligence capabilities to inform contact tracing, safety and security protocols, and reopening of business across all verticals.
LOOP TO REMAIN ON THE OFFENCE AS A RESULT OF STRONG CASH POSITION
As a result of COVID19, many tech companies have struggled to raise capital. Loop has greatly benefited from two successful completions of private placements and has further bolstered its cash position through the most recent exercise of warrants. Loop is extremely well positioned and is currently exploring multiple other merger and acquisition opportunities to expand new revenue channels.
Rob Anson, Loop’s President & CEO, comments: “The Locally IP acquisition is a significant strategic move as the company continues to build our Loop Data Exchange. The acquisition significantly reduces the company’s timing and cost of development. The Loop Data Exchange will enable the company to benefit from substantial revenues by monetizing Loop’s current bricks and mortar retail data to 3rd party e-commerce companies such as Amazon, Google, and Facebook.
The combination of retail transaction insights plus location data has a real measurable value that will offer new and increased revenue streams for Loop when productized. We are excited to complete this transaction, and we believe Loop shareholders will benefit from a new and very compelling asset that we expect will contribute significant value to the company.”
As part of the transaction, Locally founder and former CEO, Michael Canevaro, will join Loop as the SVP of Business Development and Partnerships. Mike’s impressive background will help further establish Loop as one of the leading disruptive AI Companies in the broader US marketplace.
TERMS OF THE DEAL
In consideration for the purchase and sale of the Purchased Assets, Loop will pay to, or to the direction of, the Vendor $199,500 payable by the issuance of 554,166 common shares in the capital of Loop (“Payment Shares”) at a deemed price of $0.36 per Payment Share upon the date of closing of the Acquisition (“Closing Date”), subject to the Escrow Conditions (as defined below).
100% of the Payment Shares (being 554,166 Payment Shares) shall be released from escrow on the date that is six (6) months and one (1) day following the Closing Date. Terms of the agreement will be subject to approval by both Locally and Loop Insight’s board of directors as well as regulatory and TSXV approval.
About Loop Insights: 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.
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 7:09 AM on Wednesday, October 7th, 2020
ImagineAR Supports Chef Claudy Pierre’s for E.A.T. Initiative & 2020 World Food Day Celebration
Providing its augmented reality self-service platform to support Chef Claudy Pierre’s E.A.T. Initiative program in partnership with Pittsburgh Gateways’ Energy Innovation Center (EIC) in Pittsburgh, Pennsylvania
During this pandemic, Pierre has started providing food to the community from the EIC Kitchen and has donated over 30,000 meals and Blessing Boxes, thanks to the support of the EIC and corporate partners such as Chime Bank and Super Bakery.
VANCOUVER, BC and ERIE, Pa., Oct. 7, 2020 – Imagine AR Inc. (CSE: IP) (OTCQB: IPNFF) is providing its augmented reality self-service platform to support Chef Claudy Pierre’s E.A.T. Initiative program in partnership with Pittsburgh Gateways’ Energy Innovation Center (EIC) in Pittsburgh, Pennsylvania. During this pandemic, Pierre has started providing food to the community from the EIC Kitchen and has donated over 30,000 meals and Blessing Boxes, thanks to the support of the EIC and corporate partners such as Chime Bank and Super Bakery.
“Since the beginning of the pandemic we have been able to serve local residents over 30,000 meals,” said Pierre. “AR provides us an innovative way to tell our EIC story and recognize corporate partners like Chime Bank. ImagineAR technology is really cool, and the community reaction has been overwhelming.”
The ImagineAR program includes using the ImagineAR app to deliver a motivational video message about the program and an interactive 3D AR mascot of Pierre. Recently, recipients of the Blessing Boxes were asked to download the ImagineAR app and scan the Blessing Boxes logo to instantly experience the motivational video on their mobile phone. In addition, the 3D mascot of Pierre will be used for social media programs to extend community awareness.
Neal Bendesky, Vice President of Sales for ImagineAR, said, “We are proud to support the EIC and Chef Claudy for their community outreach program. Chef Claudy’s commitment as a stakeholder in Pittsburgh is the type of leadership that represents necessary strides in our country. We’re excited to utilize his 3D AR image to create social media activations and build the EIC’s AR community.”
The EIC and ImagineAR partnership was recently developed by former 15-year NFL quarterback Gus Frerotte, who houses his media production unit at the EIC. Frerotte, Bendesky and ImagineAR CEO Alen Paul Silverrstieen, along with Robert Meeder, President and CEO of Pittsburgh Gateways Corporation and the EIC, are supporting Pierre’s community outreach as a start to introducing trending technology like AR to support local and regional businesses.
“Chef Claudy is a hometown hero, and we hope other corporations rally around his efforts during these uncharted times,” added Frerotte.
On October 16, 2020, the E.A.T. Initiative will host the 2020 World Food Day Celebration as the City of Pittsburgh’s official acknowledgement of the 75th Anniversary of World Food Day, hosted by the United Nation’s Food & Agriculture Organization.
About Pittsburgh Gateway Pittsburgh Gateways Corporation’s mission is to provide strategic planning, development and direct management assistance for communities, community-based economic development organizations, research & academic institutions and private entities seeking the acceleration of technology-based businesses. Incorporated into this mission is our goal to combat community deterioration in the City of Pittsburgh and other economically distressed areas of Pennsylvania. Pittsburgh Gateways Corporation is registered as a 501(c)(3) non-profit organization. For more information, visit www.pghgateways.org/.
About ImagineAR
Imagine AR Inc. (CSE: IP) (OTC: IPNFF) has developed ImagineAR.com; an “AR-as-a-Service” platform for desktops that enables businesses of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds using ImagineAR. Customers simply point their mobile device at logos, signs, buildings, products, landmarks and more to instantly engage with videos, information, advertisements, coupons, 3D holograms and any interactive content, all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The ImagineAR.com mobile app is available in the IOS and Android mobile app stores. The platform is available as a native mode SDK. For more information or to explore working with ImagineAR, please visit www.imaginear.com.
All trademarks of the property of respective owners. ON BEHALF OF THE BOARD Alen Paul Silverrstieen President & CEO (818) 850-2490
We encourage you to do your own due diligence and ask your broker if ImagineAR Entertainment Inc. (CSE: IP) is suitable for your particular investment portfolio*.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release. This press release may include ‘forward-looking information’ within the meaning of Canadian securities legislation, concerning the business of the Company. The forward looking information is based on certain key expectations and assumptions made by ImagineAR’s management. Although ImagineAR believes that the expectations and assumptions on which such forward- looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because ImagineAR can give no assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release, and ImagineAR disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
Posted by AGORACOM-JC
at 4:47 PM on Tuesday, October 6th, 2020
The global online gambling market could potentially hit $1 TRILLION by the end of this decade. That isn’t a typo and the reasons are pretty clear – more jurisdictions are legalizing online gambling to get their hands on the tax revenue and the remaining 40% of people on the planet without internet access are going to get it.
Until recently, however, small-cap investors did not have a company that could provide them ground floor exposure to this massive market and its growth over the next 10 years. The industry was dominated by the big traditional gambling companies, who focus heavily on old fashioned gambling.
That all changes with FansUnite, the small cap iGaming super company that goes beyond simple gambling and attacks both sides of the iGaming market by offering both B2C and B2B gambling platforms.
$5,000,000 Financing In Support Of The Acquisition
World Renowned Team
…. And now FANS just made a major leap forward in the esports betting world by becoming Pinnacle’s first odds & data B2B partners, giving them a major competitive advantage over other turnkey B2B esports betting products
“With Pinnacle’s addition and their relationship with GRID Esports, we continue to add the best esports betting data available with the most markets and the best odds. It’s exciting to be the first to offer Pinnacle Solution’ service, and we are honoured they chose to work with us,”
If that was all FANS had to say, this would already be a big announcement … but watch this interview to hear how fast they are moving on the biggest licenses in the gaming world, as well as, how big this industry is set to be in the coming years.
If you are looking for a disruptive technology company that is well positioned to carve out its share of the massive online gambling world, then you need to watch or listen to this interview with FANS CEO, Scott Burton.
Posted by AGORACOM-JC
at 3:13 PM on Tuesday, October 6th, 2020
Announce that it has applied to have its common shares listed on the Toronto Stock Exchange, as a technology Company
Upon receiving conditional approval from the TSX, the Company will consider, based on market conditions at the time, if it will proceed in due course
In the interim, the Company has, and will, file the appropriate documents and take all other measures to be in position to act quickly should the opportunity to up-list be acceptable to the Board of Directors
MONTREAL, Oct. 06, 2020 — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the “Company”, the “Corporation” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch products, is pleased to announce that it has applied to have its common shares listed on the Toronto Stock Exchange (“TSX”), as a technology Company.
Listing is subject to the approval of the TSX in accordance with its original listing requirements for technology companies. The TSX has not conditionally approved the company’s listing application and there is no assurance that the TSX will approve the listing application. Without limitation, the original listing requirements of the TSX provide that a company must have a minimum of $10,000,000 in the treasury, the majority of which has been raised by the issuance of securities qualified for distribution by a prospectus, which requirement is not currently satisfied by the company.
“We are proud to announce today that the Board of Directors of PyroGenesis, believing that the Company is at a stage where investors could benefit from an up-listing to a more senior exchange, has taken, and is taking, steps to do just that,” said P. Peter Pascali, CEO of PyroGenesis Canada Inc. “Although the Company does not need to raise cash for working capital purposes it does not, as noted, have on its balance sheet the requisite funds raised by prospectus which is mandated by the TSX for any company that wants to be listed as a technology company. Upon receiving conditional approval from the TSX, the Company will consider, based on market conditions at the time, if it will proceed in due course. In the interim, the Company has, and will, file the appropriate documents and take all other measures to be in position to act quickly should the opportunity to up-list be acceptable to the Board of Directors. Notwithstanding our sincere desire to up-list, there is no guarantee that either the TSX will approve the listing application or that the market conditions at the time of approval will be acceptable to the Board. Should for any reason the up listing not be pursued, we would consider that a material change which would be press released immediately.”
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a high-tech company, is the world leader in the design, development, manufacture and commercialization of advanced plasma processes and products. We provide engineering and manufacturing expertise, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Our core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Our operations are ISO 9001:2015 and AS9100D certified, and have been since 1997. PyroGenesis is a publicly-traded Canadian Corporation on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace. For more information, please visit www.pyrogenesis.com.
This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward- looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Corporation’s current expectation and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Corporation with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Corporation’s ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward- looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTCQB accepts responsibility for the adequacy or accuracy of this press release.
SOURCE PyroGenesis Canada Inc. For further information please contact: Rodayna Kafal, Vice President Investors Relations and Strategic Business Development, Phone: (514) 937-0002, E-mail: [email protected] RELATED LINK: http://www.pyrogenesis.com/
