Agoracom Blog

Enthusiast Gaming $EGLX.ca Closes Acquisition of Steel Media, a Leader in Mobile Gaming $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

Posted by AGORACOM-JC at 8:58 AM on Monday, October 7th, 2019
  • Adds 20 Mobile Gaming Websites and 25 Live Mobile Events to Enthusiast Network
  • Announced that it has closed the acquisition of Steel Media Limited, a leading mobile gaming and live events company
  • Enthusiast Gaming is the largest gaming network in the U.S., and the acquisition of Steel Media adds 20 mobile gaming websites and 25 live mobile events worldwide to its media and events business

TORONTO, Oct. 07, 2019 — Enthusiast Gaming Holdings Inc. (TSXV: EGLX)(FSE: 2AV), (“Enthusiast Gaming” or the “Company”), is pleased to announce that it has closed the acquisition (the “Transaction”) of Steel Media Limited (“Steel Media”), a leading mobile gaming and live events company (previously announced in a press release dated September 18, 2019).

Enthusiast Gaming is the largest gaming network in the U.S., and the acquisition of Steel Media adds 20 mobile gaming websites and 25 live mobile events worldwide to its media and events business.  Enthusiast Gaming’s network now includes over 100 gaming related websites, 900 YouTube channels, 7 professional esports teams, over 50 social influences and almost 30 live events worldwide. The network reaches over 200 million gamers on a monthly basis.

Upon closing of the Transaction, the Company made a cash payment of US$1,968,536 (US$1,000,000 net of cash on hand) and issued 304,147 common shares in the capital of the Company (the “Common Shares”) for an aggregate value of US$500,000. At the option of the Company, US$1,000,000 of the up to US$1,500,000 balance of the purchase price (inclusive of the maximum earn-out payment) may be settled by way of issuing Common Shares at a deemed price per share equal to the 5 day VWAP. All Common Shares issued in connection with the Transaction are subject to a 12 month hold period from the date of issuance and approval of the TSX Venture Exchange.

About Enthusiast Gaming 

Enthusiast Gaming (TSX.V: EGLX)(FSE: 2AV) is one of the largest, vertically integrated, video game and esports company in the world. The Company’s business comprises three main pillars: Media, Events, Esports. Enthusiast Gaming’s digital media platform includes +100 gaming related websites and 900 YouTube channels which collectively reach 150 million visitors monthly. Enthusiast’s esports division, Luminosity Gaming, a leading global esports franchise consists of 7 professional esports teams under ownership and management, including the #1 ranked Overwatch team, the Vancouver Titans and over 50 gaming influencers with a total audience of 60 million followers. Collectively, the integrated ecosystem reaches over 200 million gaming enthusiasts on a monthly basis. Enthusiast Gaming’s event business, owns and operates Canada’s largest gaming expo, Enthusiast Gaming Live Expo, EGLX, (eglx.com) with approximately 55,000 people attending in 2018. For more information on the Company, visit www.enthusiastgaming.com. For more information on Luminosity Gaming, please visit luminosity.gg

CONTACT INFORMATION

Investor Relations:
Julia Becker
Head of Investor Relations & Marketing
Telephone: 604-785-0850
Email: [email protected]

Forward-Looking Information

Certain statements in this release are forward-looking statements.  Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future.  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 Enthusiast Gaming.  The risks include risks that are customary to transactions of this nature and customary to companies which have their stock traded on the TSXV.  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 Enthusiast Gaming will obtain from them. For instance, there can be no assurance that the acquisition will position the Company as a leader in the mobile gaming sector and that the acquisition will result in growth of the Company’s online and offline gaming community.

This press release does not constitute an offer to sell or solicitation of an offer to buy any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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.

LOMIKO Metals $LMR.ca – High-Pressure Experiments Reveal Graphene’s 3D Nature $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM at 2:07 PM on Thursday, October 3rd, 2019

SPONSOR: Lomiko Metals LMR:TSX-V – A Canadian exploration-stage company discovered high-grade graphite at its La Loutre Property in Quebec and is working toward a Pre-Economic Assessment (PEA) that will increase its current indicated resource of 4.1 Mt of 6.5% Cg to over 10 Mt of 10%+ Cg through a 21 hole program at the Refractory Zone. Click Here For More Information

Contrary to what is believed, monolayer graphene (a sheet of carbon just one atomic layer thick) has 3D mechanical properties and they can now be properly measured and meaningfully described thanks to high-pressure Raman spectra measurements on the material. This result, from researchers at Queen Mary University of London, might have implications for when graphene – and indeed other 2D materials – are employed in applications such as mechanical sensors. It also highlights the fact that Raman spectroscopy can be used as diagnostic tool to measure the mechanical properties of graphene when it is employed as a reinforcement for other materials.

“Graphene is called a 2D material because its carbon atoms lie in a two-dimensional plane,” explains team member Yiwei Sun. “However, monolayer graphene has electrons in π-orbitals above and below this plane. If we compress a sheet of graphene in a direction normal to the sheet, graphene is strained because the π-electrons become compressed and strained. If the sheet is compressed in all three directions, it undergoes 3D strain, however. This means that 3D elastic parameters can and must be defined for this material.

“So, graphene should really be thought of as a 3D material, not 2D, as far as certain mechanical properties are concerned.”

Complementing previous experiments

Sun and colleagues also found that the stiffness of monolayer graphene is the same as that of graphite (which is a stack of graphene layers).

These results complement those from previous experiments in which researchers studied the effect of pressure in graphene supported on a substrate such as copper. The substrate strongly affects the contraction of graphene and thus skews the result, says Sun.

Such experiments are performed in a diamond anvil cell (DAC). Here, the samples are loaded into a pressure-transmitting medium, such as water, in a hole of a 50-micron-thick metal gasket sandwiched between two diamond culets 150 microns in size. Pressures of several gigapascals are then applied to the cell.

“What is new in our work is that we studied unsupported monolayer graphene in solution”, explains Sun.

The researchers started out in the usual way – with a monolayer of graphene on a copper substrate. They then got rid of the substrate by etching it away in a solvent after protecting the graphene by a polymer film (PMMA) so that it floated on the etchant and could be located. They took the graphene with the polymer out of the etchant, placed it on a glass slide and rinsed it with de-ionized water. Next, they loaded the graphene with the PMMA in DMF, which dissolved the PMMA leaving the monolayer graphene free-standing in it. “We loaded the monolayer graphene several times so that it was concentrated enough for a decent Raman signal,” says Sun.

The DMF prevents the graphene from crumpling and/or bonding together to form graphite for long enough to perform the high-pressure experiments. These involved compressing the graphene-containing liquid in a diamond anvil cell to pressures of 12 GPa and measuring its in-plane and out-of-plane (normal to the plane) stiffness using optical Raman spectroscopy.

In-plane and out-of-plane stiffnesses are the same for both graphene and graphite

The researchers compared their findings to those obtained on 3D graphite and found that both the in-plane and out-of-plane stiffnesses are the same for both materials, within the experimental errors of their experiment.

“Stiffness is usually defined in terms of the stress and strain (the change of thickness) a material can endure,” explains Sun. “We find that under pressure the thickness of graphene decreases at the same rate as that of graphite. Hence our claim that ‘graphene is graphite’ as regards some key mechanical properties.”

The team, led by Colin Humphreys and David Dunstan, also reports on a shift to higher energy frequencies of in-plane vibrations (phonons) of the unsupported monolayer graphene to 5.4/cm/GPa, which is very close to that of graphite (4.7/cm/GPa).

The in-plane force on graphene under pressure is significantly reduced since graphene, like graphite, is very soft out-of-plane (this is why we can write with the “lead” in pencils, which is graphite),” Sun tells Physics World. “This reduction is what causes the sublinear shift of its in-plane phonon frequency with pressure. This physically meaningful experimental observable allows us to define the thickness and strain of graphene in terms of the thickness of its π-orbitals.”

The technique employed in this study, which is reported in Physical Review Letters, might be used on other unsupported 2D materials in solution, he adds.

“Fiddly handiwork”

“High-pressure experiments like these are easy to describe, but they are notoriously difficult to perform,” writes John Procter of the University of Salford in a related Viewpoint article. Procter’s group was the first to study the effect of strain using Raman measurements of graphene in Si/SiOsubstrates under high pressure. “Fiddly handiwork is required to align the DAC and sample with micrometre-precision. Because of these demands, such experiments also have a high failure rate. Sun and colleagues’ ability to study graphene under a known high stress – a first – is therefore a major achievement.”

He adds that the research could help in the development of strain sensors based on graphene. “It may also affect how Raman spectroscopy is used as a diagnostic tool for new types of graphene composites that serve to reinforce other materials. Here, the spectroscopy helps determine the extent to which stress or strain is transferred from the host material to the graphene reinforcement. Knowing graphene’s 3D characteristics will help researchers optimize this reinforcing behaviour.”

Sun and co-workers say they are now looking at how the atmosphere affects the mechanical properties of graphene and graphite. Such studies will be important for when it comes to real-world applications of these materials. “For example, a graphene-based device may perform very differently in a humid Manchester in the UK to a dry Arizona in the US,” says Sun.

Source: https://physicsworld.com/a/high-pressure-experiments-reveal-graphenes-3d-nature/

Advance Gold $AAX.ca Gold Prices Shoot Higher After ISM Service Sector Drops Sharply in September $SIL.ca $FA.ca $ANG.jo $ABX.ca $NGT.ca $MGG.ca

Posted by AGORACOM at 1:52 PM on Thursday, October 3rd, 2019

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Recession fears are once again gripping financial markets and pushing gold prices higher as sentiment within the U.S. service sector fell more than expected, according to the latest data from the Institute for Supply Management (ISM).

Thursday, the ISM said its nonmanufacturing index showed a reading of 52.6% for September, down from August’s reading of 56.4%. The data was much weaker than expected as consensus forecasts were calling for a reading of 55.1%.

According to reports this is the lowest reading in three years.

Readings above 50% in such diffusion indexes are seen as a sign of economic growth, and vice-versa. The farther an indicator is above or below 50%, the greater or smaller the rate of change.

Ahead of the report, the gold market was holding its own above $1,500 an ounce, recovering from a 2% selloff at the start of the week. The latest economic data has added to gold’s gains. December gold futures last traded at $1,518.80 an ounce, up 0.72% on the day.

Economists and analysts warned that disappointing service sector data could boost recession fears as this is the largest component of the U.S. economy.

The nonmanufacturing data comes just two days after the ISM said that its manufacturing index fell even further into contraction territory, also missing economist expectations.

“The non-manufacturing sector pulled back after reflecting strong growth in August. The respondents are mostly concerned about tariffs, labor resources and the direction of the economy,” said Anthony Nieves, chair of the ISM Non-Manufacturing Business Survey Committee.

Looking at the components of the report, the Business Activity Index dropped to a reading of 55.2%, down from August’s level of 61.5%.

The labor market also lost some momentum in September, with the Employment Index falling to 50.4%, down from August’s level of 53.1%. This indicator is closely watched by economists as it is used as a predictor for Friday’s nonfarm employment report.

Some economists have noted that the miss in the ISM employment data points to downside risk to Friday’s employment report.

Source: By Neils Christensen

Vertical Exploration $VERT.ca Enters into an LOI with Venturevest Realty Partners for Note Facility to Support Significant St-Onge Wollastonite Development $TORR.ca $FA.ca $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Posted by AGORACOM at 12:36 PM on Thursday, October 3rd, 2019
http://www.smallcapepicenter.com/Vert%20Square.png

VANCOUVER, BC / ACCESSWIRE / October 3, 2019 /VERTICAL EXPLORATION INC. (TSXV:VERT) (“Vertical” or “the Company”) and Venturevest Realty Partners LLC (“Venturevest”) are pleased to announce that the two companies have signed a non- binding Letter of Intent (LOI) to enter into discussions regarding the provision by Venturevest of a secured Note Facility up to a maximum amount of $20 million CAD to support the multi-phased development of the St-Onge Wollastonite Deposit.

The Note Facility would be a staged credit facility that would provide the required financing to allow Vertical to move forward with four distinct phases of St-Onge development, from the initial quarry style permitting and production phase through to the mining and final processing plant stage. Vertical views this potential Note Facility financing as a significant development that would enable the Company to rapidly develop and expand its St-Onge Wollastonite Deposit.

Further details regarding the Note Facility Agreement will be provided as soon as all terms have been negotiated between Vertical and Venturevest. The Agreement is subject to a due diligence period that is anticipated to be completed within the next 60 days. This transaction is subject to the approval of the TSX Venture Exchange.

ABOUT VENTUREVEST REALTY PARTNERS LLC.

Venturevest Realty Partners LLC (“Venturevest”) is a New York corporation.

ABOUT VERTICAL EXPLORATION

Vertical Exploration’s mission is to identify, acquire, and advance high potential mining prospects located in North America for the benefit of its stakeholders. The Company’s flagship St-Onge Wollastonite property is located in the Lac-Saint-Jean area in the Province of Quebec.

ON BEHALF OF THE BOARD

Peter P. Swistak, President/CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
https://vertxinc.com/

NORTHBUD $NBUD.ca – As Canada gears up for pot 2.0, more shortages are on the menu $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Posted by AGORACOM-JC at 12:07 PM on Thursday, October 3rd, 2019

SPONSOR: NORTHBUD (NBUD:CSE) Sustainable low cost, high quality cannabinoid production and procurement focusing on both bio-pharmaceutical development and Cannabinoid Infused Products. Learn More.

NBUD: CSE
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  • Canada’s legalization of pot edibles later this year is facing an even more shambolic start than the dried flower market, which is still struggling to meet demand, according to industry players.

Kristine Owram, Bloomberg News

Canada’s legalization of pot edibles later this year is facing an even more shambolic start than the dried flower market, which is still struggling to meet demand, according to industry players.

“At least that time we knew what the permissible product types were going to be and were already making them in the medical context,” said cannabis lawyer Trina Fraser, a partner at Brazeau Seller Law in Ottawa.

Canada will add edibles, extracts and topicals to the list of legal cannabis products no later than Oct. 17. Many analysts agree these products will generate better demand and margins than dried flower. But the federal government has not yet issued regulations for the new formats, making it difficult for producers to prepare lest they unknowingly violate some rule.

A spokeswoman for Health Canada declined to comment on when the regulations will be released.

In addition, a huge licensing backlog has built up at Health Canada, the government agency that oversees cannabis regulations. About 614 applications were waiting in the queue as of March 31.

“A full rollout amongst a nice wide array of producers and a wide array of these new product types is going to take time, literally years, because we have such a licensing backlog,” Fraser said.

Company Stockpiling

Canada’s market for edibles and other alternative pot produces will eventually be worth C$2.7 billion ($2 billion) annually, but consumers should expect “missteps, delays and frustration” in the early days, Deloitte said in a report published Monday. Jennifer Lee, Deloitte Canada’s cannabis national leader, estimated it will be a minimum of 24 months before the industry normalizes.

In the meantime, many pot companies are stockpiling, choosing to forgo revenue today to ensure they have enough supply for the new high-value products. This is exacerbating the shortage of dried flower, but executives say it’s worth it.

“We’ve made a very conscious effort to delay revenue,” said Chuck Rifici, chief executive officer of Auxly Cannabis Group Inc. Selling into the market today doesn’t build brand recognition because shelves are empty and consumers are buying whatever’s available, he added. “I would much rather save that product, get a multiple of margin on that brand and make sure that I have enough inventory.”

Lab Delays

This is proving to be a boon for extraction companies like Valens GroWorks Corp. Valens has contracts with many of the biggest pot companies, including Canopy Growth Corp., Hexo Corp. and Tilray Inc., to extract cannabis oil from their plants, which is then used for products like edibles and vape cartridges. It’s also investing heavily in its testing labs in the belief that Health Canada will have stringent regulations to ensure pesticides and other contaminants don’t make it into the new consumer products.

“Even in labs today there’s delays where people are waiting three weeks to a month to get lab results back and I think that will only get worse,” said Everett Knight, Valens’ executive vice president of strategy and investments.

Companies are also making big bets on what products will be in demand, with Canopy and Hexo leaning toward cannabis beverages and others toward vaping.

Be Prepared

“Why do I want an edible or a drink when I can have a vape?” Irwin Simon, interim CEO of Aphria Inc., said in an interview on the sidelines of a cannabis conference last month. “I see the margins and the opportunities there.”

Rifici at Auxly also believes vape pens will be “the most important category by far.” But there are many unanswered questions. For example, will the government require companies to engrave its mandatory THC warning symbol into the pen itself, or will a sticker suffice?

This is why Valens is offering its customers 196 different options for its white-label vape pens. “You’ve got to make sure you cover your bases and prepare for all the possibilities,” Knight said.

Despite the uncertainty, it’s better to be prepared even if plans and production lines have to be tweaked once the regulations come out, said Bruce Linton, CEO of Canopy, which is building a 197,000 square foot bottling plant for cannabis beverages in Smiths Falls, Ontario.

“We’re in a situation where it’s better to spend money to be ready than to save money and be late,” he said.

 Cannabis Canada is BNN Bloomberg’s in-depth series exploring the stunning formation of the entirely new – and controversial – Canadian recreational marijuana industry. Read more from the special series here and subscribe to our Cannabis Canada newsletter to have the latest marijuana news delivered directly to your inbox every day.

Source: https://www.bnnbloomberg.ca/as-canada-gears-up-for-pot-2-0-more-shortages-are-on-the-menu-1.1268844

There’s no end in sight for soaring #palladium prices, bodes well for North America’s Largest #PGM deposit $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 11:03 AM on Thursday, October 3rd, 2019

SPONSOR: New Age Metals Inc. The company’s Lithium Division has already made significant acquisitions in Canada and the USA. The company also owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces in the Inferred. Learn More.

There’s no end in sight for soaring palladium prices, bodes well for North America’s Largest Undeveloped PGM deposit

With stocks running low, it is difficult to see where further supplies will come from.  

By: Neil Hume

For nearly 30 years, UK crime-fighting show Police 5 urged members of the public to stay vigilant with the catchphrase “Keep ’em peeled”. It is advice car owners in London might want to consider, especially if they own hybrid vehicles such as the Toyota Prius or Lexus 400.

Looking to profit from soaring palladium prices — which hit a record high above $1,700 an ounce this week — thieves in the UK capital have stolen nearly 2,900 catalytic converters in the first six months of the year, up from 1,674 in the whole of 2018, according to data from the Metropolitan Police.

The market-savvy car thieves typically target hybrids because their catalysts contain more metal. They then sell the devices to illegal scrap dealers for cash. In spite of a collapse in global car sales this year, the metal’s price has risen more than 30 per cent in 2019 to a level far above its long-term average, catching many analysts and investors by surprise. The average price for palladium since 1994, unadjusted for inflation, is just $500 an ounce.

One reason for this apparent paradox is China, where there has been increased demand for palladium ahead of the introduction of a nationwide emissions standard in 2020. Another reason is that stocks are running low. And with few platinum or nickel projects under development, the 7m ounces-a-year palladium market is set to remain tight unless there is an unexpected release of supplies. Yet it is difficult to see where these supplies might come from. Russia’s Norilsk Nickel, the world’s largest producer, raised doubts last week about its ability to replenish its Global Palladium Fund.

Established in 2016, the fund helps stabilise the market, buying metal from various sources, including Russia’s central bank, and selling it to industrial customers. However, analysts believe that Moscow’s strategic stockpile of palladium — a key source of supply — is close to being exhausted, while other holders are reluctant to sell because they expect higher prices. So is there anything that can bring palladium back to earth?

A global recession would certainly hit prices as would a switch by carmakers from palladium to platinum, which is almost $800 an ounce cheaper. For the moment, that looks unlikely because the car industry is treading warily with new catalyst technology in the wake of the Volkswagen emissions scandal. But that could change. One of the oldest sayings in commodity markets is that the cure for high prices is high prices and, as BMO Capital Markets notes, it is rare for any commodity to remain this far above its long-term average for so long.

Source: https://www.ft.com/content/5ac67390-e424-11e9-b112-9624ec9edc59

STAR-A.D.S. $SNA.ca ® Gen 3 system certified for #A320 retrofit

Posted by AGORACOM-JC at 9:18 AM on Thursday, October 3rd, 2019
  • Announced the granting of a new Supplemental Type Certification to Star by Transport Canada.
  • The STC relates to the use of the STAR-A.D.S. ® Gen 3 system on an Airbus A320 aircraft type.

TORONTO, Oct. 03, 2019 – Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) (OTCQB: SNAVF) (“Star” or the “Company”) is pleased to announce the granting of a new Supplemental Type Certification (“STC”) to Star by Transport Canada. The STC relates to the use of the STAR-A.D.S. ® Gen 3 system on an Airbus A320 aircraft type.

This STC will allow Star to install its STAR-A.D.S. ® Gen 3 System on-board the next available AlMasria Universal Airlines (“AlMasria”) aircraft. (See press Release September 10, 2019).

Viraf Kapadia, CEO of Star Navigation Systems said:

“This additional STC adds to our growing list of certifications for commercial and business aircraft. We already had an STC for the previous STAR-A.D.S. ® Gen 2 model. Now the Gen 3 is also A 320 certified and we can offer even more flexibility to an operator, adding GSM communications and manual retrieval through USB port. We shall rapidly install our system on-board the first available AlMasria aircraft, while we complete the STC applications for the other aircraft types of their fleet. This A320 STC confirms our focus on the major targeted aircraft platforms such as the B 737, for which STCs had already been granted.”

About Star Navigation:

Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S. ® and of the STAR-ISAMM™ Systems. Its real-time capability of tracking performance trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator.

Stars’ M.M.I. Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide. These displays are found on aircraft and simulators, from C-130 aircraft, to Sikorsky and Agusta Westland helicopters, as examples.

Stars’ subsidiary, Star-Isoneo Inc. is a specialised software firm, developing complex solutions in engineering, simulation and development for Canadian customers. Star-Isoneo works closely with Star in the development of the Company’s MEDEVAC (STAR-ISAMM™ and STAR- LSAMM™) applications of the patented STAR-A.D.S. ® technology, and on its current R&D program with Bombardier.

Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “expected” and similar expressions, as they relate to Star or its management are intended to identify forward-looking statements. Such statements reflect Star’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star’s actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements, except as required by law.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.

Please visit www.star-navigation.com or contact

Viraf S. Kapadia, CEO (416) 252-2889 Ext. 230

[email protected]

Tartisan #Nickel $TN.ca – Most base metals tread water, while #nickel remains buoyant $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

Posted by AGORACOM-JC at 6:08 PM on Wednesday, October 2nd, 2019

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Tc logo in black
TN: CSE
Fact Sheet
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Most base metals tread water, while nickel remains buoyant

  • Nickel sold off to $16,895 per tonne on Tuesday, before running up to close near the days’ highs at $17,365.

By: William Adams

Weak manufacturing purchasing managers’ index (PMI) data out across major economies on Tuesday October 2 dampened the tone across most markets, with money rotating into havens.  That said, the situation in the United States is still looking mixed – the IHS Markit manufacturing PMI edged up to 51.1, from 51, so still shows expansion, while the ISM reading fell to 47.8, from 49.1.

In addition, US total vehicle sales rose to an annualised 17.2 million units in September, up from 17 million units in August. Year to date, vehicle sales are running at a rate of 17 million units, compared with 17.1 over the same period last year.

  • With China on holiday volume on the LME has been light with 2,030 lots traded as of 06:48 am London time, compared with a more normal level of around 6,000 lots
  • Asian equities are weaker this morning, led by a 1.5% fall in Australia’s ASX 200


Base metals

Apart from three-month LME tin prices that are down 1.1% at $16,220 per tonne, the base metals complex is little changed this morning, with copper up 0.2% at $5,698.50 per tonne and with nickel unchanged at $17,370 per tonne. Nickel sold off to $16,895 per tonne on Tuesday, before running up to close near the days’ highs at $17,365.

With China closed and with option declaration this morning, trading could remain quite volatile – it seems odd that yesterday’s generally poor PMI data did not have more of a negative impact on base metal prices, especially as equities fell and haven assets rallied.

Precious metals
The spot gold price, having broken lower on Monday to set a low at $1,459.18 per oz on Tuesday, ended the day at $1,478.65 as concerns over the state of the global economy intensified. Silver continues to follow, as has platinum and even palladium has turned back from record highs and was last at $1,649.30 per oz.

Wider markets
Spot Brent crude oil prices are consolidating above Tuesday’s low at $58.38 per barrel and were recently quoted at $59.39 per barrel.

In line with the pick-up in haven demand the yield on benchmark US 10-year treasuries has weakened – it was recently quoted at 1.6529%, compared with 1.7031% at a similar time on Tuesday. The German 10-year bund yield has also eased and was recently quoted at -0.5500%, compared with -0.5440% on Tuesday.

Asian equities were weaker on Wednesday: The Nikkei was down 0.49%, the Hang Seng down -0.19%, the ASX 200 -1.53% lower and the Kospi fell1.95%.

This follows a stronger performance in Western markets on Tuesday, where in the US, the Dow Jones Industrial Average closed down by 1.28% at 26,573.04; in Europe, the Euro Stoxx50 closed down by 1.43% at 3,518.25.

Currencies
The dollar index is consolidating around 99.24, after its push up to fresh multi-year highs at 99.67 on Tuesday – it was last this high in May 2017 and the peak in 2017 was 103.82.

The Australian dollar (0.6704) and sterling (1.2265) remain on a back footing, while the yen (107.76) is consolidating and the euro (1.0924) is off recent lows.

Key data
Wednesday’s economic data includes data on Japan’s consumer confidence that dipped to 35.6 in September, from 37.1 in August. In Europe Spanish unemployment change climbed 13,900 in September, which was better than the 37,600 expected, and later there is data on UK construction, US ADP non-farm employment change and crude oil inventories.

In addition, Federal Open Market Committee John Williams is speaking.

Today’s key themes and views

Against the backdrop of weak economic data it is hard to be bullish for the base metals – for those metals that have been range bound, we expect more sideways trading, but those that have been more directional on the upside, notably nickel and lead, may struggle to hold on to their gains – this is especially so for nickel given Indonesia is likely to ramp up exports ahead of the ban in nickel ore exports that starts in 2020. For the base metals as a whole, we think the overall direction will be driven by how the next round of US/China trade talks go – until then economic data is likely to set the tone.

We have viewed gold as being vulnerable in the short term because it was looking toppy on the charts, but it was interesting that despite breaking lower on Monday, prices did not stay down for long. That said, they are still looking vulnerable. There are still many global issues to be settled and until they are, demand for havens is likely to remain high but the market may now be in limbo until the trade talks start to set the direction again.

Source: https://www.metalbulletin.com/Article/3896910/MORNING-VIEW-Most-base-metals-tread-water-while-nickel-remains-buoyant.html

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Ripple’s Xpring Launches Crypto, Fiat Payments That Integrate Into Any App

  • Ripple’s Xpring is launching a platform it says makes it possible for developers to integrate fiat and cryptocurrency payments into any application
  • Xpring is targeting crypto and non-crypto developers alike with the platform

By: Nathan DiCamillo

Ripple’s Xpring is launching a platform it says makes it possible for developers to integrate fiat and cryptocurrency payments into any application.

The suite of services includes an Xpring software development kit (SDK) that allows programmers to integrate XRP apps in multiple programming languages. It also includes a variety of new tools for working on both XRP and Ripple’s Interledger Protocol (ILP).

Xpring is targeting crypto and non-crypto developers alike with the platform, Xpring senior vice president Ethan Beard told CoinDesk.

“Xpring SDK allows you the developer to use the XRP ledger simply and in any programming language you want,” Beard said, adding:

“What takes a developer today a 100 lines of code to do a transaction on XRP ledger, using Xpring SDK cuts that down by 80 percent.”

Xpring has already been built on open-source protocols, but this platform would function like Amazon Web Services, Beard said. Developers could download the code and run it themselves, or now they can go to Xpring and plug into the service.

Beard envisions the platform being used to enable micropayments in industries like media and gaming.

“Ideally, we think the Xpring platform can work for any type of payment,” Beard said.

The platform is a new vertical for Xpring, which has been an investment arm for Ripple – building a network of companies and use-cases around XRP for little over a year. This initiative is aimed at investing in and growing a developer base around the cryptocurrency.

“While blockchain and cryptocurrency can be transformative for how payments work, what we’ve learned in the last year is that working with these new technologies is quite difficult as well,” Beard said. “That creates a barrier for developers to adopt these technologies.”

As a part of the announcement, Xpring is also announcing that payments processor BitPay, mobile wallet BRD and digital custody provider Anchorage are all adding XRP to their offerings. With BitPay on board, the company anticipates users being able to use XRP for everyday purchases at thousands of merchants, including Microsoft and AT&T.

Furthermore, Chainalysis is adding the XRP ledger to its blockchain analytics product.

Xpring senior VP Ethan Beard image via YouTube/Ripple

Source: https://www.coindesk.com/ripples-xpring-launches-crypto-fiat-payments-that-integrate-into-any-app

Enthusiast Gaming $EGLX.ca – Colleges are starting degrees in #Esports, with $36,000 programs $EPY.ca $FDM.ca $WINR $TCEHF $ATVI $TNA.ca

Posted by AGORACOM-JC at 4:03 PM on Wednesday, October 2nd, 2019

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Colleges are starting degrees in esports, with $36,000 programs

  • Global esports market is expected to surge to $1.1 billion this year, up $230 million from 2018 on growth in sponsorships, merchandise and ticket sales, according to Newzoo.
  • The research firm expects the global esports audience to grow in 2019 to about 454 million as fans tune in on livestreaming platforms such as Twitch and Microsoft’s Mixer.

On their first week in class, a group of students is playing a first-person shooter video game in a sleek new digital studio. It’s their introduction to the degree in esports they’ve enrolled in.

The group clicking away on their mice are at the University of Staffordshire, one of several U.K. and U.S. schools launching programs aimed at capitalizing on the booming industry’s need for skilled professionals. In the U.S., colleges including Virginia’s Shenandoah University, Becker College in Massachusetts and The Ohio State University have debuted esports degrees.

Ryan Chapman, 18, said his parents were “skeptical at first” about studying esports, or competitive multiplayer videogaming.

“But now they understand how big the industry is growing, the pace it’s growing at. They’re now really all for it because it’s a great industry to start to get into,” said Chapman, who was among the students in the lab playing Counter-Strike, one of the most popular esports games.

The University of Staffordshire last year launched its bachelor’s and master’s esports programs, in which students mainly learn marketing and management skills tailored to the industry. This autumn, it’s expanding the program to London while other schools are also debuting esports degree courses, including Britain’s Chichester University. In Asia, where esports has seen strong growth, schools in Singapore and China offer courses.

It’s not only colleges that are adding esports to their curriculum. More than 100 high schools in the U.S. have launched dedicated esports programs alongside their traditional soccer and football teams. 

And some colleges, like the University of California, Irvine, are giving top players scholarships to entice them to enroll, a privilege long reserved for premier athletes.

$1.1 billion market

The global esports market is expected to surge to $1.1 billion this year, up $230 million from 2018 on growth in sponsorships, merchandise and ticket sales, according to Newzoo. The research firm expects the global esports audience to grow in 2019 to about 454 million as fans tune in on livestreaming platforms such as Twitch and Microsoft’s Mixer.

Esports tournaments have become a cultural phenomenon and now rival traditional sports events in size and scale. Big competitions are held in arenas where thousands of fans watch big-name professional video gamers compete for lucrative prize pools.

Esports leagues have franchises in North America, Europe and Asia. The biggest names, such as Fortnite superstar Tyler “Ninja” Blevins, can earn millions in prize money and livestreaming deals. Esports are even set to be a medal event at the Southeast Asian Games in the Philippines in November.

Varsity-level competitions

Dozens of U.S. colleges have offered varsity level esports competitions for years. But some schools are taking it a step further by adding courses as the industry’s boom drives demand for professionals who know how to, for example, organize esports tournaments.

New niche degrees partly highlight the changing economy, but they also reflect the “need to communicate to parents and students that there will be a job waiting for someone once they earn a degree,” which may include hefty tuition fees and student loans to pay for them, said Joni Finney, director of the University of Pennsylvania’s Institute for Research on Higher Education.

She worried that some degrees are too specialized and that some schools are launching them to offset falling enrollment.

“It’s really up to the faculty of those institutions to step up and say, ‘You know, a degree in business will cover these kinds of jobs,’ rather than saying we have a degree in a certain job category,” Finney said.

More than games

Becker College formally launched its Bachelor of Science in esports management this month after an initial “soft release” last year.

“It’s no longer kids playing games in their basement,” said Alan Ritacco, dean of Becker College’s School of Design and Technology. The top esports players now earn almost as much as the highest paid stars in traditional sports like golf or tennis, he said.

The schools emphasize that their courses aren’t about just playing video games.

“People are unaware of the industry that goes behind esports,” said Matt Huxley, a lecturer at Staffordshire University’s Digital Institute London, a new outpost the university, near Birmingham, England, opened so students could be closer to game companies in the British capital.

Huxley, who teaches a class on organizing tournaments, said learning about esports was akin to studying sports management.

“If you were to go and study to be a director of football you’re not playing football, you’re learning the business behind how (player) transfers work, how you run a stadium and all those kind of operational things.”

A pro gamer lecturer

Chichester University hired former pro gamer Rams Singh, known as R2K, as a senior lecturer for its program, which includes playing games such as FIFA and League of Legends as part of the course.

Ohio State is poised to launch an esports and game studies undergraduate major that will include the application of games to health and medicine.

A business focus helps to ease worries among students and parents about paying tuition for degrees that have no track record. In Britain, standard tuition fees are set at 9,250 pounds ($11,430) a year while the U.S. programs charge as much as $36,000 a year.

“There’s always going to be risks but I have zero regrets,” said Ellis Celia, 26, who is also starting the Staffordshire course. The industry “can only go up at this point,” she said.

Source: https://www.cbsnews.com/news/college-esports-universities-launch-degrees-in-esports/