Posted by AGORACOM-JC
at 10:18 AM on Friday, July 26th, 2019
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In First, SEC Clears Blockchain Gaming Startup to Sell Ethereum Tokens
U.S. Securities and Exchange Commission has issued a no-action letter to Pocketful of Quarters (PoQ), a gaming startup looking to issue tokens on the ethereum blockchain.
PoQ may legally sell its Quarters tokens to consumers without registering them as securities, the SEC Division of Corporation Finance wrote in its second no-action letter to a company seeking to launch a token sale.
The U.S. Securities and Exchange Commission has issued a no-action
letter to Pocketful of Quarters (PoQ), a gaming startup looking to issue
tokens on the ethereum blockchain.
PoQ may legally sell its Quarters tokens to consumers without
registering them as securities, the SEC Division of Corporation Finance wrote in its second no-action letter to a company seeking to launch a token sale. (The first was granted in April to TurnKey Jet, a business-travel startup.)
Quarters are built according to the ERC-20 standard – the first such token to receive U.S. regulatory approval.
In the July 25 letter, Jonathan Ingram, chief legal officer for the SEC’s FinHub wing, wrote:
“Based on the facts presented, the Division will not recommend
enforcement action to the Commission if, in reliance on your opinion as
counsel that the Quarters are not securities, PoQ offers and sells the
Quarters without registration under Section 5 of the Securities Act and
does not register Quarters as a class of equity securities under Section
12(g) of the Exchange Act.â€
“The thing that’s notable here, this is the first ERC-20 public
blockchain token [approved for a sale],†said Lewis Cohen of DLX Law,
which worked with PoQ to secure the letter.
The token is a stablecoin, with PoQ setting the price of the Quarters
as the only seller, PoQ CEO George Weiksner said. This is part of the
company’s compliance requirement with the SEC. (A smart contract
prevents tokens from being sent to unapproved accounts, thereby
restricting secondary trading.)
PoQ also raised money through a registered securities sale using an
investment token, which will remain separate from the Quarters sale.
The two-token system is meant to ensure that users conduct
transactions with Quarters, rather than hold them in the hopes of
securing a return, Weiksner explained.
He said he hopes Quarters will improve the gaming experience for
players who are tired of spending large sums for different platforms,
adding:
“It’s a way to make games better.â€
“The most important thing for teenage boys is playing video games and
this might be the first financial product that they have and it’ll be a
crypto wallet,†said Michael Weiksner, the company’s principal (and
George’s father).
PoQ is working with Apple and Google to sell Quarters tokens in the
App and Google Play stores, respectively, the elder Weiksner said.
Launch conditions
The no-action letter requires a PoQ to follow a number of
commitments, including ensuring that players can’t sell, buy or exchange
tokens with each other. Rather, only developer or “influencer†accounts
will be able to transact with players.
“Players can never buy or sell or exchange to anyone except for
approved developers, and that’s a key component of our … [compliance]
strategy,†Michael Weiksner said.
“Accounts are born as regular accounts but they’re restricted, so
they can’t exchange,†he said. “The default accounts are restricted and
only approved accounts can accept Quarters.â€
At present, only PoQ can approve accounts, and there are no concrete
plans to grant other entities the ability to do so, he said. PoQ is
still looking into whether that’s possible.
Developers and influencers will have to pass know-your-customer (KYC)
and anti-money laundering (AML) processes before they can get an
approved account.
According to the letter, Pocketful of Quarters has fully developed its platform and can go live before any tokens are sold.
Moreover, the Quarters tokens “will be immediately usable for their
intended purpose†with PoQ’s gaming platform when the sale begins, and
“only developers and influences with approved accounts will be capable
of exchanging Quarters for [ether] at pre-determined exchange rates by
transferring their Quarters to the Quarters Smart Contract.â€
The SEC’s Ingram warned that “any different facts or conditions might require the Division to reach a different conclusion.â€
“Further, this response expresses the Division’s position on
enforcement action only and does not express any legal conclusion on the
question presented or on the applicability of any other laws, including
the Bank Secrecy Act and anti-money laundering and related frameworks,â€
he wrote.
Reaching this point took PoQ and DLX the better part of a year, Michael Weiksner said.
Cohen told CoinDesk, “we have long championed the importance of
working with, rather than against, regulators, and we believe the
outcome today of this … letter, the first-ever ERC-20 that can be sold
without being a securities offering, I think it’s an incredibly
important point.â€
He concluded:
“It required a lot of patience, and it shows that not every ERC-20
token is a securities offering and it is a positive event in working
with regulators.â€
Posted by AGORACOM
at 9:33 AM on Friday, July 26th, 2019
Cardston, Alberta–(Newsfile Corp. – July 26, 2019) – American Creek Resources Ltd.
(TSXV: AMK) (“the Company”) (“American Creek”) today announced that it
will be offering on a non-brokered private placement basis (“the
Offering”) up to 6,000,000 units (“Units”) at a price of $0.05 per Unit
for proceeds of $300,000 if the Offering is fully subscribed. Each Unit
will consist of one common share of the Corporation (“Common Share”) and
one non-transferrable Common Share purchase warrant (“Warrant”). Each
Warrant may be exercised for one additional Common Share at a price of
$0.06 for a period of 24 months from the closing date of the Offering.
The securities will be offered to qualified purchasers in reliance
upon exemptions from prospectus and registration requirements of
applicable securities legislation. A Finder’s Fee of 5% may be paid
associated with this financing.
Proceeds will be used for general operating purposes including the advancement of key assets in BC’s Golden Triangle.
This private placement is subject to approval by the TSX Venture Exchange.
American Creek Resources “CEO Verified” Discussion Forum on
AGORACOM to act as Primary Investor Social Media and Online Marketing
Platform
The Company is also pleased to announce the launch of a “CEO
Verified” Discussion Forum on AGORACOM. The forum will serve as the
Company’s primary social media platform to interact with both
shareholders and the broader investment community in a fully moderated
environment.
AGORACOM “CEO Verified” provides the first ever identity verification
of small cap executives on a finance platform, which will provide
American Creek Resources executives and shareholders with a trusted
online forum. There are no log-in requirements for investors to visit
the forum and read posts. Those wishing to post questions, comments and
interact with both company officers and other shareholders can quickly
log-in using their Facebook or LinkedIn accounts, or create an anonymous
new user account.
Darren Blaney, President and CEO Rob Edwards, CFO Kelvin Burton, Investor Relations
Darren Blaney, President and CEO stated, “Social media participation
is very important for growth companies such as ours and AGORACOM forums
are purpose built to facilitate intelligent discussion without the
nonsense that plagues other such sites. I encourage everyone to read and
participate in our CEO Verified Discussion Forum to create great,
vibrant and constructive interaction for the long term benefit of
everyone. “
George Tsiolis, AGORACOM Founder stated “Given the state of affairs
in the red hot Golden Triangle, American Creek executives will have a
lot to say and their shareholders are going to have a lot of questions
in the coming months. This CEO Verified Discussion Forum will provide a
home for trusted information, full transparency and civilized 24/7/365
interaction.”
In addition to the CEO Verified Forum, the Company will also receive
significant exposure through millions of content brand insertions on the
AGORACOM network, extensive search engine marketing and social media
engagement targeting the Golden Triangle over the next 12 months.
Sponsorships of digital properties such as AGORACOM TV, the AGORACOM home page and the AGORACOM Twitter account will serve to significantly raise the brand awareness of American Creek amongst small cap investors.
About AGORACOM
AGORACOM achieved a major milestone on February 28, 2019 surpassing
600 Million-page views (90% AGORACOM / 10% Twitter) from 7.7 Million
investors that visited 55.2 Million times. These milestones continue to
demonstrate that AGORACOM is the primary home for serious small cap
investors that want to discover their next great small cap company.
Shares for Services
The Company intends to issue common shares in the capital of the
Company (the “Common Shares”) to AGORA in exchange for the Services.
Pursuant to the terms of the Agreement, the Company will be issuing a
total fee of $45,000 (plus GST) in instalments over the next 12 months.
The number of Common Shares to be issued at the end of each period
will be determined by using the closing price of the Common Shares of
the Company on the Toronto Venture Exchange on the first trading day
following the end of each period for which the Services were provided by
AGORA.
The term of the Agreement is for 12 months effective July 15, 2019 and the agreement is subject to Exchange approval.
Image of mineralized zones on Treaty Creek located adjacent to Seabridge Gold’s KSM deposits.
With Eric Sprott’s latest $3,000,000 investment announced on Friday
he has now personally invested $4.5 million into the Treaty Creek Joint
Venture through its operator and 60% owner Tudor Gold. In a podcast
(also on Friday) Eric enthusiastically described the potential of the
Treaty Creek project when he made statements like:
“It’s drilling a monster play just like the GT Gold play”
“The last hole they announced, which was last year, was 563 meters of
1.08 gold.”
“It’s in the perfect logistical place to develop it. The
market cap of the company (Tudor) is like under $50 million and yet what
we’re shooting for is to define a 10 or 20-million-ounce discovery, so
you’re paying nothing for this discovery.”
“So that’s the sort of play that I like where man, if the
price of gold goes to $1,700 or $2,000 these plays will look so
economically viable and the stock will go up so much, and the analogy I
use is Seabridge back in 2000. I remember buying it at a dollar…and
Seabridge went from $1 to $35 dollars! That is what we are looking for –
a dollar to $35 dollars, set you up for life!”
American Creek Resources has a fully carried 20% interest (1/3 of
Tudors 60% interest) in the Treaty Creek Joint Venture and has a “free
ride” with no associated exploration/development costs until such time
as a production notice is given. This puts American Creek shareholders
in an extremely favorable leveraged position, especially considering the
other exceptional properties it owns including two more in BC’s Golden
Triangle. American Creek is presently valued at, and is trading at less
than 1/3 of Tudor’s present value (Treaty Creek being Tudor’s focus and
flagship property), offering an even more leveraged opportunity at the
moment.
The Goldstorm zone at Treaty Creek has the potential to be a world
class gold deposit with lower costs and far better logistics than
Seabridges’ adjacent KSM. According to Sprott, Seabridge set a lot of
people up for life and the opportunity for something similar by “paying
nothing for the discovery” is right here, right now.
Click the link below for the Sprott podcast. Tudor/Treaty Creek are
discussed beginning at about the 10:07 mark….but we suggest you listen
to the whole thing as Eric describes the present gold/silver market in
general.
American Creek is a Canadian junior mineral exploration company with a
strong portfolio of gold and silver properties in British Columbia.
Three of those properties are located in the prolific “Golden Triangle”;
the Treaty Creek and Electrum joint venture projects with Tudor
Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.
The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample
Goldmax, Silver Side, and Glitter King properties located in other
prospective areas of the province.
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com
Posted by AGORACOM
at 8:31 AM on Friday, July 26th, 2019
Highlights:
Discovery of two new mineralized showings at Hopedale, Labrador
First showing extends potential strike length by approximately 500 metres along strike of the Thurber Dog gold occurrence;
Second showing was discovered in the Misery North area and followed for approximately 50 metres along strike.
VANCOUVER, British Columbia, July 26, 2019 (GLOBE NEWSWIRE) —
Labrador Gold Corp. (TSX-V: LAB) (“Labrador Gold†or the “Companyâ€) is
pleased to announce the discovery of two new mineralized showings
shortly after the start of field work at its Hopedale project in
Labrador.
The company controls a 57-kilometre strike length of stratigraphy
prospective for gold in the Florence Lake Greenstone Belt (FLGB). The
current program aims to generate drill targets within these areas using
detailed geological mapping, rock sampling and prospecting and ground
magnetics/VLF-EM (very low frequency electromagnetics).
Shortly after the start up of field work two new mineralized showings
were discovered and sampled. The first showing is located approximately
500 metres north and along strike of the Thurber Dog gold occurrence
where previous Labrador Gold rock sampling returned values up to 7.87
g/t Au. Mineralization is comprised of disseminated to semi-massive
pyrite and arsenopyrite hosted by mafic metavolcanic rocks with
pervasive iron oxide alteration.
The second occurrence “Sunshine†was found in the Misery North area
of the belt and is a two-metre-wide gossanous zone that was followed and
sampled for approximately 50 metres along strike. It is hosted by
altered felsic metavolcanic rocks close to the contact with mafic
metavolcanics rocks where the rock is pervasively silicified.
Mineralization is dominated by disseminated pyrite, locally up to 60%
with minor pyrrhotite and chalcopyrite. Limited previous rock sampling
by Labrador Gold at Misery North has returned gold values up to 0.56 g/t
Au.
“The early results of our 2019 exploration program at Hopedale are
very promising and indicate that our systematic approach to exploration
of the belt is getting us into the most favourable areas for gold
mineralization.†said Roger Moss, President and Chief Executive Officer
of Labrador Gold. “We anticipate further discoveries as we continue our
detailed, systematic follow up of the remaining anomalous areas that
will allow us to select the best targets for drilling.â€
The 2019 exploration program at Hopedale is designed to follow up on successful results of 2017 and 2018 work that outlined eight high potential areas of gold anomalies in both soil and rock in the belt (see table below and maps at www.labradorgold.com/portfolio/hopedale/ ). These areas typically occur along geological contacts and are commonly associated with magnetic anomalies. To date the company has collected 12,510 soil samples, 414 lake sediment samples and 633 rock samples along the length of the greenstone belt.
*See news releases dated February 5, 2019 and March 13, 2019 for further details of the results. Bd = below detection: 5ppb for rock and 0.5ppb for soil.
Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.
About Labrador Gold:
Labrador Gold is a Canadian based mineral exploration company focused
on the acquisition and exploration of prospective gold projects in the
Americas. In 2017 Labrador Gold signed a Letter of Intent under which
the Company has the option to acquire 100% of the 896 square kilometre
(km2) Ashuanipi property in northwest Labrador and the Hopedale (458
km2) property in eastern Labrador.
The Hopedale property covers much of the Hunt River and Florence Lake
greenstone belts that stretch over 80 km. The belts are typical of
greenstone belts around the world but have been underexplored by
comparison. Initial work by Labrador Gold during 2017 show gold
anomalies in soils and lake sediments over a 3 kilometre section of the
northern portion of the Florence Lake greenstone belt in the vicinity of
the known Thurber Dog gold showing where grab samples assayed up to
7.8g/t gold. In addition, anomalous gold in soil and lake sediment
samples occur over approximately 40 kilometres along the southern
section of the greenstone belt (see news release dated January 25th 2018
for more details). Labrador Gold now controls approximately 57km strike
length of the Florence Lake Greenstone Belt.
The Ashuanipi gold project is located just 35 km from the historical
iron ore mining community of Schefferville, which is linked by rail to
the port of Sept Iles, Quebec in the south. The claim blocks cover large
lake sediment gold anomalies that, with the exception of local
prospecting, have not seen a systematic modern day exploration program.
Results of the 2017 reconnaissance exploration program following up the
lake sediment anomalies show gold anomalies in soils and lake sediments
over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and
over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The
anomalies appear to be broadly associated with magnetic highs and do not
show any correlation with specific rock types on a regional scale (see
news release dated January 18th 2018). This suggests a possible
structural control on the localization of the gold anomalies. Historical
work 30 km north on the Quebec side led to gold intersections of up to
2.23 grams per tonne (g/t) Au over 19.55 metres (not true width)
(Source: IOS Services Geoscientifiques, 2012, Exploration and geological
reconnaissance work in the Goodwood River Area, Sheffor Project, Summer
Field Season 2011). Gold in both areas appears to be associated with
similar rock types.
The Company has 56,264,022 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.
Posted by AGORACOM-JC
at 3:44 PM on Thursday, July 25th, 2019
SPONSOR: Tartisan Nickel (TN:CSE)
Kenbridge Property has a measured and indicated resource of 7.14
million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has
interests in Peru, including a 20 percent equity stake in Eloro
Resources and 2 percent NSR in their La Victoria property. Click her for more information
Growing global demand for batteries that power electric vehicles (EVs) and high tech devices is set to cause a supply crunch of lithium, cobalt and nickel by the mid-2020s, global consultancy Wood Mackenzie predicts.
The firm’s latest research shows that sales of passenger EVs,
including hybrid electric vehicles (HEV), jumped by more than 24% last
year. And while HEVs had the smallest growth, they made up over 60% of
EV sales.
WoodMac expects global sales of EVs to account for 7% of all passenger car demand by 2025, 14% by 2030 and 38% by 2040.
“Battery pack sizes continue to trend larger through the medium term,
resulting in overall greater battery demand. We have seen the first
announcements of the commercialization of NMC 811 cells in EVs,†says
Gavin Montgomery, WoodMac research director.
Not surprisingly, Montgomery notes, China was the first market mover,
but a number of other nations and companies are moving towards mass
production of 811 cells before the end the year.
South Korea’s SK Innovation is already in talks to set up separate
battery-making joint ventures with Volkswagen AG and Chinese partners,
as part of the petrochemicals producer’s aggressive plans to tap into
the EV market.
“While still conservative on mass-market uptake for [811 cells], we
are more optimistic in regards to adoption. As such, we expect to see an
increased nickel demand at the expense of cobalt, and to a lesser
extent, lithium,†the analyst says.
WoodMac warns that, unless battery technology is developed, tested,
commercialized, manufactured and integrated into EVs and their supply
chains faster than ever before, it will be impossible for many EV
targets and ICE (Internal Combustion Engines) bans to be achieved. “This
will pose issues for current EV adoption rate projections,†Montgomery
says.
Lithium prices to fall further
Over the past year, spot prices for lithium carbonate have fallen by just under $7,000 a tonne, affecting top producers and juniors alike.
“This is in an environment where the major brine producers in South
America have failed to ramp up capacity. Clearly, the first responders
to the lithium boom–
Australian hard rock mines – have the capability to quickly deliver the
required tonnages. Meanwhile, the bottleneck in Chinese conversion
capacity that was supporting prices is giving way as China emerges as a
net exporter of lithium chemicals to the region.
(Click to enlarge)
Expected strong lithium demand will not be able to offset a decline
in prices, even though the need for the commodity from battery makers
alone will jump 650% by 2027.
“It has only taken a few years for the battery sector to become the
largest demand driver for lithium. Lithium’s use in every lithium-ion
battery type means it will have double-digit annual growth, making up
over 80% of total lithium demand by 2030,†Montgomery adds. The study
also reveals that the cobalt market will see an oversupply of
intermediate products such as hydroxide until at least 2024.
The firm also suggests that investment in new nickel projects are needed now as mines can take up to 10 years to develop.
Posted by AGORACOM-JC
at 2:00 PM on Thursday, July 25th, 2019
SPONSOR: Enthusiast Gaming Holdings Inc.
(TSX-V: EGLX) Uniting gaming communities with 80 owned and affiliated
websites, currently reaching over 75 million monthly visitors. The
company exceeded 2018 target with $11.0 million in revenue. Learn More
EGLX: TSX-V ———————————-
Global eSports Market Recent Study Including Growth Factors CAGR of 18.58% by 2025
Global eSports Market is expected to reach USD 3047.1 billion by 2025 from USD 779.4 billion and is projected to grow at a CAGR of 18.58% in the forecast period of 2018 to 2025.
Global eSports Market is expected to reach USD 3047.1 billion by 2025 from USD 779.4 billion and is projected to grow at a CAGR of 18.58%
in the forecast period of 2018 to 2025. The eSports preferred as
“Electronic sportsâ€. The sports that connect with the electronic system
and all the functions are followed human – computer interface. It
provides the customer an experience for several types of games including
tournament, ladder, and league through single system.
eSports are connected though electronic system that can be available
on numerous platforms comprising social media, where as traditional
sports are still fight overtake the traditional mediums including print,
radio & TV. Capability to stream on non-traditional platforms,
growths in gaming technologies, rising in awareness about eSports due to
consideration given by worldwide publishers, investors &
broadcasters and growth in number of eSports supporter are the major
drivers responsible for rise of eSports market. In addition, it’s played
by professional gamers who are usually participating of sporting
organizations, or they are sponsored by business organizations.
eSports is the most relevant, unique, fair and creditable global
market research report which is provided to the valuable customers and
clients depending upon their specific business needs. eSports market
report helps uncover the general market conditions and tendencies. Along
with competitive analysis of the key players, this eSports report also
serves with complete and distinct analysis of the market drivers and
restraints, detailed analysis of the market segmentation, key
developments in the market and details of research methodology.
Excellent practice models and method of research applied for this
eSports report unearths the best opportunities to succeed in the market.
Major Market Competitors: Global eSports Market
The renowned players in global eSports market are
Bungie, Inc, KONAMI, GungHo Online Entertainment, Inc, Kabam, Inc.,
Rovio Entertainment Corporation, Zynga Inc., GAMEVIL Inc. Wargaming
Public , PandaScore, ESP.bet, Unikrn , Riot Games , HI-REZ STUDIOS, INC.
, Activision, BLIZZARD ENTERTAINMENT, INC. , Electronic Arts Inc.,
Activision Publishing, Inc. , infinity ward, Take-Two Interactive
Software, Inc., King.com, Vivendi, Bethesda Softworks LLC, and many
more.
Market Segmentation: Global eSports Market
By Revenue Streams (Media Rights (Subscription &
Online Advertisement ),Tickets And Merchandise, Sponsorship & Direct
Advertisement, And Publisher Fees),
By Geographical Segments (North America, South America, Europe, Asia-Pacific, Middle East And Africa)
For achieving an incredible growth in business, this eSports market
research report plays very central role. This report lends a hand to
make out how the market is going to perform in the forecast years by
offering you information about market definition, classifications,
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strategic profiling of key players in the market, comprehensively
analyzing their core competencies, and drawing a competitive landscape
for the Electronics industry. You can request an analyst call or drop
down an enquiry to get detailed eSports market report.
Market Drivers and Restraints:
Increasing demand for video games and growing awareness about eSports.
Betting & fantasy site are increasing demand in eSports market.
Rising demand for investments from sponsors and advertisers.
Difficulty in managing all the fraudulent betting.
Lack of outdoor sports considerations.
About Us:
Data Bridge Market Research
set forth itself as an unconventional and neoteric Market research and
consulting firm with unparalleled level of resilience and integrated
approaches. We are determined to unearth the best market opportunities
and foster efficient information for your business to thrive in the
market.
Posted by AGORACOM-JC
at 1:24 PM on Thursday, July 25th, 2019
St-Georges Eco-Mining Corp. (CSE: SX) has presented a Phase I Independent Review of its Phase I report titled “Bonnie Claire Metallurgical Evaluation and Process Development” to Iconic
SX has developed Nitric Acid leaching methodology that puts between 99.97% and 100% of the lithium from the sediments into solution at room temperature within 1-4 hours.
SX has reached the Phase 1 Benchmark which calls for the issuance of 2,000,000 of Iconic’s common shares to St-Georges.
Vancouver, British Columbia–(July 25, 2019) – Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB)  (“Iconic”) is pleased to announce that St-Georges Eco-Mining Corp. (CSE: SX) has presented a Phase I Independent Review of its Phase I report titled “Bonnie Claire Metallurgical Evaluation and Process Development” to Iconic. SX has developed Nitric Acid leaching methodology that puts between 99.97% and 100% of the lithium from the sediments into solution at room temperature within 1-4 hours. SX has reached the Phase 1 Benchmark which calls for the issuance of 2,000,000 of Iconic’s common shares to St-Georges. The shares will remain in escrow for three years. Iconic has also met its other obligations derived from this agreement by participating in St-Georges’ private placement in January 2019 for CAD $100,000.
Additional details of the Nitric Acid leaching is quoted below from an SX press release dated July 24, 2019:
St-Georges’ Process: Selective Leaching with Nitric Acid
“Leaching with a passivating acid normally used to
clean steel and passivate the welds of stainless steel was performed in
the hope of selectively removing the magnesium (Mg) and all the salt
metals like sodium (Na), calcium (Ca), lithium (Li) and magnesium (Mg).
The initial results with a 4-hour leach showed that all the salt
metals and carbonate formations leached easily. This follows the logic
of cleaning acid and leaves most of the other elements behind, such as
silica (Si), alumina (Ai), potassium (K).
Multiple 1-hour leach tests confirmed the leaching of 100% of the
lithium leaving behind most of the leachable elements from other acids
such as potassium (K). The only loss of lithium that occurred during
some of these tests was due to the water in the filter with the solids
and represented less than 0.03% of the total lithium value. It also
corresponds directly to the water retained with this type of fine
material. Additional trials are being performed with reduced time of
contact and temperature to optimize the lithium-bearing fines leaching.
The lithium in the super fines leached completely in each test
performed with nitric acid. The trials to selectively optimize leaching
the lithium with less calcium and magnesium are expected to be performed
in the third quarter of 2019. It is expected that calcium can be
reduced partially by filtering the coarser calcium formation as per SGS
results and partially with less contact time with the acid. The same for
magnesium. New samples will be treated once received.“
Iconic looks forward to the SX Phase II report which will include plans for a pilot plant.
The Bonnie Claire Lithium Property Characteristics:
The Property is located within Sarcobatus Valley that is
approximately 30 km (19 miles) long and 20 km (12 miles) wide.
Quartz-rich volcanic tuffs, that contain anomalous amounts of lithium,
occur within and adjacent to the valley. Geochemical analysis of the
local salt flats has yielded lithium values up to 340 ppm. The gravity
low within the valley is 20 km (12 miles) long, and the current
estimates of depth to basement rocks range from 600 to 1,200 meters
(2,000 to 4,000 feet). Four drill holes have identified an open ended,
43-101 compliant resource of 28.58 billion kilograms of lithium
carbonate equivalent. The drilling that defined the current resource
only covered an area of 3.0 km2 (1.2mi2), while previously run MT
geophysics show a potentially mineralized area of 27.3 km2 (10.5mi2).
Drilling to date has shown strong correlation between the MT results and
the lithium mineralization. The thickness of the lithium mineralization
is unknown, but drilling indicates it is greater than 600 meters (2,000
feet). The current claim block covers an area of 57.5 km2 (22.2mi2).
Further drilling has been permitted and metallurgy to determine the most
efficient recovery method is currently in progress.
On behalf of the Board of Directors
Richard Kern, President and CEO Contact: Keturah Nathe, VP Corporate Development (604) 336-8614
Forward Statement: This news release includes
certain forward-looking statements or information. All statements other
than statements of historical fact included in this release are
forward-looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially
from those anticipated in such statements. Iconic expressly disclaims
any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise except as otherwise required by applicable securities
legislation.
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 11:00 AM on Thursday, July 25th, 2019
SPONSOR: Betteru Education Corp.
aims to provide access to quality education from around the world. The
Company plans to bridge the prevailing gap in the education and job
industry and enhance the lives of its prospective learners by developing
an integrated ecosystem. Click here for more information.
BTRU: TSX-V
————————
How Edtech Solutions are Building a Productive Digital Space for Millennials
Beas Dev Ralhan
Co-Founder & CEO – Next Education India Pvt. Ltd.
Education technology has, therefore, undoubtedly helped the millennials gain a productive, adaptable learning environment in the digital space that caters for multiple kinds of learners in multiple ways.
Need for governmental policies to work towards the integration of such tools in an organised and all-encompassing manner so that such a space can become much more productive than it is today.
The 21st-century learners are characterised by their inherent thirst for knowledge that goes beyond the linear search of information, their preference of choice and individualism over one-size-fits-all trends, and their expertise in tech tools and social networking via various forms of digital media. On the other hand, the 21st-century teacher may be one who is concerned about quality but lacks the resources and skills necessary to ensure that the learners’ potential is not wasted. Edtech solutions are bridging the gaps in the teaching-learning ecosystem by transforming the essential elements of the education space. Let us see how.
Breaking the Traditional Frames of Learning
Traditional models of education dictate the frames of learning such
as time and place; for instance, the majority of academic activities
happen in the brick-and-mortar confines of a school within 8-10 hours of
a day. E-learning has done away with such frames and given students the
ability to learn anywhere, anytime. Similarly, while books were once
the chief source of learning, aiding only the visual learners, the
edtech sector has helped in bringing multimedia content, including
immersive experiences such as augmented and virtual realities to cater
for all kinds of learners.
Most of all, such tools challenge the passive one-way lecture-mode
learning, helping learners be more active in their learning with
hands-on learning, flipped learning and peer interaction. Now teachers
are facilitators of their students’ learning, monitoring their
individual performances and helping them with personalised
feedback/recommendations.
Doing and Understanding: The Real-world Connection
Edtech tools help students learn better by providing the platform to
solve real-life problems with ease, which hones their understanding of
the world around them and helps them develop skills necessary to
navigate through their lives. For instance, robotics help youngsters
develop their STEM skills, and in the process, aid their understanding
of the existing problems in the world around them. Similarly,
collaborative digital spaces are being utilised in a constructive manner
to drive discussion and action with respect to real-world situations.
Game-based learning also helps in a deeper understanding of situations
in a simulated environment with the help of creative games such as
Minecraft.
Innovative Methods of Assessments
For education to meet the requirements of the students, it is
necessary for the instructor to know precisely where the individual
learner stands at the beginning of the academic course and to measure
the gaps through the course of learning. Assessment is the best method
to carry this out. Unfortunately, traditional tests do not give an
accurate picture of what the learners know or don’t know, and what kind
of instructions the students need to learn new concepts.
Artificial intelligence, one of technology’s greatest boons, has
helped shape adaptive tests to quantify the proficiency or knowledge
level of the examinee accurately. These tests adapt to the abilities of
the learners and act as a morale booster, since the chances of
discouragement or boredom are reduced.
Gamified assessments are also an innovative way to assessments, so
that fear of tests are eliminated. Gamified assessments will capture
learners’ attention, provide simulated situations to train them in
handling real-life scenarios and help them retain information better.
Questionnaires can be prepared in a Kaun Banega Crorepati (How
To Be A Millionaire) style, or in crossword-puzzle mode, or based on
motifs of common games, such as Tic-Tac-Toe, Hangman and Find-Your-Way
so that students enjoy the process of assessments.
Promoting Personalised and Self-learning Styles
The viewpoint of learning has changed from teacher-centred to
learner-centred, and therefore ‘personalisation’ and ‘self help’ are the
buzzwords in today’s education scenario. The factory method of learning
does not help most students and hinders their potential by trying to
fit all students in a single mould. Personalised learning is powered by
adaptive learning technology, which helps the individual student
understand his or her skill level, and suggests the most suitable course
of study. A lot of self-learning solutions are also available which can
help students and teachers upskill themselves as per individual
requirement. This has bolstered distance learning through popular
platforms.
Education technology has, therefore, undoubtedly helped the
millennials gain a productive, adaptable learning environment in the
digital space that caters for multiple kinds of learners in multiple
ways. We need governmental policies to work towards the integration of
such tools in an organised and all-encompassing manner so that such a
space can become much more productive than it is today.
Posted by AGORACOM
at 10:55 AM on Thursday, July 25th, 2019
AMK owns a 20% carried interest to production at Treaty Creek
Last hole at Goldstorm 2018: 563.8m of 0.98 g/t gold and unknowingly stopped while still in the gold zone
Seabridge’s production logistics require Treaty Creek ownership approval.
Potential scale of Treaty Creek equal to KSM
Tudor is currently drilling Goldstorm
If you have not yet read the 2019 REPORT ON TREATY CREEK (potential world-class deposit in B.C.’s GOLDEN TRIANGE) click on the image for the fullreport.
Hub on Agoracom  FULL DISCLOSURE: American Creek is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM-JC
at 10:26 AM on Thursday, July 25th, 2019
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lip service, Inwentash has financed many of Canada’s biggest small-cap
exits. Click Here For More Information.
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The Future Of Banking: Is It All Bitcoin And Blockchain?
At the beginning of July, news broke of Deutsche Bank staff being
sent home as 18,000 job cuts began unraveling before our very eyes. This
news was brought to life with an iconic image of two suited men
carrying their possessions past the doors of a Deutsche Bank branch in
London along with a bag branded “Bitcoins.”
Unfortunately, that image turned out only to be an incredible piece
of timing and coincidence as the men were not now out-of-work bankers
hoofing it from their formal institutional workplace brandishing the
‘future of money,’ on their bags, instead they were tailors walking past
at the right time.
Still, that near-perfect latent image of the finance’s future did
spark a few questions in my mind, and the minds of others. Just how far
are we from a future predicated on Bitcoin and blockchain in banking?
The beginning of the end for banks
To answer this question, I had to look at what is happening in the
world of banking that has led to job cuts and the concerns for the
traditional way of doing things in finance. Living in the United
Kingdom, London is a historical hotspot for banking and the seat of
power for some of the world’s biggest banks.
However, beyond the high-rise glass structures in the city center,
there are signs – usually in the tube stations and bus stops – of a new
way of managing and controlling your money on a day to day basis. No, it
is not Bitcoin – yet – it is the challenger banks.
Challenger banks, as defined,
are: “Small, recently-created retail banks in the United Kingdom that
compete directly with the longer-established banks in the country,
sometimes by specializing in areas underserved by the “big four” banks.”
These banks, also called App-banks, are usually highly customer
focused and made to be as user-friendly and as easy to operate on a day
to day basis as they can. In comparison with traditional banks,
challenger banks try and play to general user frustrations from your big
institutional banks. Sound familiar?
Challenging the legacy
I spoke with Anne Boden, a banking doyen with 30 years experience in
some of the most important financial institutions in the world, and now
the founder and CEO of Starling Bank – one such challenger bank in the UK.
Talking to her about the future of banking was fascinating for
although Boden is aware of Bitcoin, blockchain, and its potential it has
in the banking sector, she believes its time is still far on the
horizon.
In her recently released book, “The Money Revolution” Boden
states: “[Blockchain] is easily the most revolutionary money change on
the horizon and may make a huge difference across the fintech sector.”
BERLIN, GERMANY – NOVEMBER 30: CEO of Starling Bank Anne Boden speaks
on stage during TechCrunch Disrupt Berlin 2018 at Treptow Arena on
November 30, 2018 in Berlin, Germany. (Photo by Noam Galai/Getty Images
for TechCrunch)
Getty Images for TechCrunch
Her thoughts on how traditional banks will need to change and evolve
because of several different factors could easily be viewed in the same
way, but with blockchain and cryptocurrency-tinted glasses
“I spent 30-odd years in traditional banking, I worked for all the
big banks, I worked for Lloyds Bank, Standard Chartered, UBS, Zurich,
and RBS. Then I went into AIG, post-financial crisis, to do the
turn-around and I came to the conclusion that it was easier to start a
new bank than to fix the old,” Boden told me.
Indeed, the banking legacy and way of doing things has become so
stagnant that the wants of the banks and the needs of the customers
almost do not line up anymore – especially on a day to day basis.
Challenger banks are this fresh start customers have been baying for,
but in comparison, cryptocurrencies and blockchain could be an entirely
fresh system.
“In this era, it is people like Atom, Monzo, and Starling that have
come to market, and the ones that have been successful are the ones that
have built their own technology,” Boden added. “All these organizations
have been called challenger banks, but you can only really disrupt when
you have a current account – because people are using that every day –
and when you have your own technology.”
Again, Boden is not necessarily referring to that technology as being
blockchain; however, one can see how blockchain is a prime example of
disruptive technology for the banking sector. The world is changing, and
the way people do everything is different, and this is also down to
technology.
“Customers have changed. Customers are buying music differently; they
are shopping on Amazon; they are doing things very differently,” said
Boden. “Technology has changed. Everyone is wandering around with their
smartphones, these phones have better penetration than the laptop, and
then all the time the regulations are changing as well, and that is a
perfect storm to bring something like Starling to the market.”
Starling is one of several challenger banks that are succeeding at
disrupting the banking hegemony with their customer focus, their
everyday usability, and their own technologies. Their success is indeed a
challenge to institutional financial systems, but because this is a
fast-moving space, there are already challengers to the challenger
banks.
A new weapon in the arsenal
Challenger banks, App-banks, mobile payment companies, merchant
services aggregator, peer-to-peer payments companies, are all financial
services that are looking to take a piece of the pie that traditional
banks have held for so long – and it is not just a UK phenomenon.
Circle, Square, and even Revolut,
which is coming to the USA are also disruptive forces in the financial
space, but what they all have in common is a cryptocurrency offering.
Cryptocurrency may be a long way off from being as popular as the Pound
or the Dollar in regards to payments, but some of these companies are
still offering the chance to use this alternative payment method, should
you be so inclined.
This took me to the offices of two other App-banks in the UK, Wirex, and Zeux.
Both companies operate as an alternative banking solution, allowing for
payments and money transfers, but they also each have cryptocurrency
offerings as well.
These offerings are of course not going to be nearly as popular as
the general fiat services of Starling, for example, but they are not
supposed to be – as yet.
“App-banks, or digital banks, are making things more convenient for
everyday customers to manage their banking, “Frank Zhou, CEO of Zeux,
told me. “There are a lot of needs in the early adopter space who are
interested in cryptocurrency, from trading, investing, using it for
payments. Those types of customers are easier to reach as they follow
the newest developments and are willing to give it a try,”
Pavel Matveev, one of the founders at Wirex, explained that the use
of cryptocurrencies need not only be for experimenting though. There are
tangible use-cases within the payment sphere already.
“While App-based and digital banks offer a more convenient means of
managing money, they are still largely based on conventional payment
infrastructure. This means that cross-border payments still take 3-5
days to settle and command relatively high fees,” said Matveev
“Decentralised digital currencies have the potential to revolutionize
many aspects of the payments industry due to their transparency,
mobility, and ease-of-use,” added Dmitry Lazarichev, also of Wirex.
“One of the most significant areas is international remittance.
Cross-border crypto transactions are significantly faster than
conventional methods of transferring money abroad and require very
little in the way of fees and charges.”
Different offerings
What Matveev and Lazarichev, as well as Zhou, had to say about
including cryptocurrencies into the new era of banking, reminded me of
Boden’s view for the future of the industry. The hopes of the two
crypto-offering App-banks is that they can fill small niches for people
with this new technology, and for Boden, the view is that traditional
banks will face stiff competition in these small niches of finance
services.
“What is going to happen is other things happening in the environment
will catch up with the banking industry, they will surprise the banking
industry,” said Boden “The combination of 5G internet of things,
self-driving cars, AI and machine learning will change the profile of
how payments are made.”
“So I think that the nature of payments will change and you will get
new entrants providing some of those new payment mechanisms, and I think
in that environment the incumbent banks will find it harder to compete.
Some will survive and mutate to something relevant, and many of them
will die.”
If cryptocurrency is to become one of those new payment mechanisms,
getting an early foot in the door is vital, but even more important is
offering a service that is usable. Zeux may see this as using
cryptocurrency for general payments, while Wirex could believe
remittances are key for the digital currencies; neither is more right
than the other and perhaps that is the point – there will be a bevy of
offerings in the future.
“Like previous studies of mass adoption, it happens when the majority
can use it as easily as they would use it normally. For example, from
cash to PIN card, Pin card to contactless cards, contactless to mobile
payment. An easy-to-use experience is key to bringing adoption,” said
Zhou.
“I think the market is ready for crypto mass adoption. But, there
needs to be a solution before the mass demand surfaces. Once all the
customers know they can spend their cryptos easily everywhere in any
shops, it increases their willingness to accept cryptos as payment in
the first place. Mass adoption only happens after the solution appears,
not before.”
A changing future
The banking world has, for almost the last century, continued in
pretty much the same way with little to no threat from alternatives.
That is all changing. People would like to believe that the power of
blockchain in the financial system, and the option of cryptocurrencies,
are about to shake up the entire banking space, but they would be
wrong.
There is little doubt that banking will start to incorporate
blockchain, as Boden explains: “I think that blockchain is likely to be
used in certain aspects of the banking business, so probably for trade
finance where you have lots of parties collaborating on a transaction,
but I think you will see blockchain implementation in niche areas of the
business, you won’t see it as a wholesale change for the banking
platform.”
However, for an entire, legacy-based industry of such a traditional
magnitude to overhaul its entire system for a nascent technology is
foolhardy.
In saying that, cryptocurrencies will start to gain more mass appeal.
This does not mean these two sides of the same industry will be what
changes the face of banking. Still, the face of banking is changing, and
that is why traditional banks that are oblivious to this are starting
to show cracks.
Everyday usage of money and payments is already on the march, and
because of the needs of customers, there is an emerging market of
challenger banks, app-banks, financial institutions and payment
facilitators in the wings. Some are already offering blockchain and
crypto services, some may do so down the line, but to say that the only
way to the future of banking is with blockchain and crypto is
short-sighted – there are much bigger demands and many more niches to be
filled.
Posted by AGORACOM-JC
at 9:17 AM on Thursday, July 25th, 2019
The Genesis PGM Project is a road accessible, under explored, highly prospective multi-prospect drill ready Pd-Pt-Ni-Cu property that warrants initial drilling, additional surface mapping, sampling to expand the known footprint of mineralization and to determine the ultimate size and grade of the layered mineralization outlined to date.
A 3-phase summer work program has been initiated on the project which is intended to map potential hydrothermal alteration anomalies and define structural domains to better define drill targets on the Project.
A mineralized horizon has been identified in outcrop sampling for 850 m along strike and a 40 m true thickness. (for more information please click to the April 18, 2018 news release).
The identification of two different styles of PGM/ Multi-Element mineralization at Sheep Hill suggests that multiple mineralizing events have occurred.
NAM management is actively seeking an option/joint-venture partner for this road accessible PGM/Multiple Element Project using the Prospector Generator business model.
July 25th, 2019 – Rockport, Canada – New Age Metals Inc. (TSXV:NAM)(OTC:NMTLF)(FSE:P7J) is pleased to announce it has engaged Avalon Development Corp (Avalon) of Alaska, USA to carry out a field work program on its Genesis PGM-Ni-Cu Project in Alaska.
Genesis Project Summer 2019 Field Program
The summer 2019 field program on
Genesis is intended to map hydrothermal alteration to better define
drill targets on the Project and will be comprised of 3 phases of work;
ASTER Imaging and Interpretation, Landsat TM Imagery Processing and
Interpretation and ground induced polarization, Airborne Magnetics and
EM Reinterpretation. A detailed description of each phase of work
follows:
Phase 1: ASTER Imaging and Interpretation
The main objective of the ASTER (Advanced
Spaceborne Thermal Emission and Reflection Radiometer) processing and
interpretation is to map potential alteration targets to aid
district-scale PGM-Cu-Ni sulfide exploration. The end goal of this phase
is to generate 3 false color images: a 15-meter false-color image
composed of three VNIR bands, a 30-meter false-color image composed of
three SWIR bands, and a 90-meter false-color image composed of three TIR
bands. Each false-color image is designed to enhance the alteration
targets so they show up distinctively as color anomalies.
Phase 2: Landsat TM Imagery Processing and Interpretation
Interpret potential general clay alteration
targets and potential iron-oxide alteration targets to generate a
30-meter true-color image to aid visual interpretation of the iron-oxide
targets.
Phase 3: Airborne Magnetics and EM Reinterpretation
1. Reprocess existing State of Alaska
airborne magnetic data in 2D and 3D formats to outline chromite-bearing
PGM accumulations and identify structural domains.
2. Reprocess existing State of Alaska
airborne EM data in 2D and 3D formats to outline PGM-Cu-Ni sulfide
conductors and identify structural domains.
3. Reprocessing of a limited ground IP
program completed over the Sheep Hill prospect area to better define
strucutural details and target PGM-Cu-Ni sulfide-bearing horizons.
Merits of the Genesis PGM Project
The Genesis PGM Project is an under explored, highly prospective multi-prospect drill ready Pd-Pt-Ni-Cu property
that warrants follow-up drilling, additional surface mapping, sampling
to expand the known footprint of mineralization and to determine the
ultimate size and grade of the layered mineralization outlined to date.
The stable land status, ease of access and superb infrastructure make
this project prospective for year-around exploration, development and
production.
Significant aspects of the Genesis PGM Project include:
– Drill
ready PGM-Ni-Cu reef style target with 2.4 grams/ton Palladium (Pd), 2.4
grams/ton Platinum (Pt), 0.96% Nickle (Ni), and 0.58% Copper (Cu).
– Reef mineralization is open to the west, east, north, and at depth
– Mineralized reef identified in outcrop for 850 m along strike and a 40 m true thickness
– Separate style of chromite mineralization contains Platinum Group Metals (PGM) up to 2.5 g/t Pd and 2.8 g/t Pt.
– Known PGM mineralization covers a distance of 9 km across the prospect.
– No historic drilling has been done on the project.
– Project is within 3 km of a paved highway and electric transmission line.
– Project is on stable State of Alaska claims.
– Fraser Institute’s 2017 survey of mining companies has Alaska ranked as the 10th best jurisdiction in the world for mining.
Click Image To View Full Size
Figure 1: Location of the Genesis Project, Nelchina Mining
District, Alaska. The Genesis project is a Ni-Cu-PGM property located
in the northeastern Chugach Mountains, 75 road miles north of the city
of Valdez, Alaska. The project is within 3 km of the all-season paved Richardson Highway and a high capacity electric power line. The project is covered by 4,144 hectares (10,240 acres) of State of Alaska mining claims owned 100% by New Age Metals.
ABOUT NAM’S PGM DIVISION
NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project)
in the Sudbury Mining District of Northern Ontario (100 km east of
Sudbury, Ontario). Recently the company announced the results of the
first PEA (see News Release – June 27th, 2019) completed on the River Valley Project. The
PEA has been developed by various independent consultants – P&E
Mining Consultants Inc. (P&E) was responsible for the open pit
mining, surface infrastructure, tailings facility, and project
economics; DRA Americas Inc. (“DRA”) was responsible for all
metallurgical test work and processing aspects of the Project; and WSP
Canada Inc. (“WSP”) was responsible for the Mineral Resource Estimate. The
PEA is a preliminary report but it has demonstrated that there are
positive economics for a large-scale mining open pit operation, with 14
years of Palladium and Platinum production.
On April 4th, 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18th, 2018,
NAM announced the right to purchase 100% of the Genesis PGM Project,
NAM’s first Alaskan PGM acquisition related to the April 4th
agreement. The Genesis PGM Project is a road accessible, under
explored, highly prospective, multi-prospect drill ready Palladium (Pd)-
Platinum (Pt)- Nickel (Ni)- Copper (Cu) property. A
comprehensive report on previous exploration and future phases of work
was completed by Avalon Development of Fairbanks Alaska in August 2018
on Genesis.
On August 29, the Avalon report was submitted to NAM, management is actively seeking an option/joint-venture partner for this road accessible PGM and Multiple Element Project using the Prospector Generator business model.
QUALIFIED PERSON
The contents contained herein that relate
to Exploration Results or Mineral Resources is based on information
compiled, reviewed or prepared by Curt Freeman, a consulting
geoscientist for New Age Metals. Mr. Freeman is the Qualified Person as
defined by National Instrument 43-101 and is the owner of Avalon
Development Corp. and Anglo Alaska Gold Corp, which is the vendor of the
Genesis PGM Project. Mr. Freeman has reviewed and approved the
technical content of this news release.
On behalf of the Board of Directors “Harry Barr” Harry G. Barr Chairman and CEO
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.
Cautionary Note Regarding Forward
Looking Statements: This release contains forward-looking statements
that involve risks and uncertainties. These statements may differ
materially from actual future events or results and are based on current
expectations or beliefs. For this purpose, statements of historical
fact may be deemed to be forward-looking statements. In addition,
forward-looking statements include statements in which the Company uses
words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”,
“confident”, “intend”, “strategy”, “plan”, “will”, “estimate”,
“project”, “goal”, “target”, “prospects”, “optimistic” or similar
expressions. These statements by their nature involve risks and
uncertainties, and actual results may differ materially depending on a
variety of important factors, including, among others, the Company’s
ability and continuation of efforts to timely and completely make
available adequate current public information, additional or different
regulatory and legal requirements and restrictions that may be imposed,
and other factors as may be discussed in the documents filed by the
Company on SEDAR (www.sedar.com), including the most recent reports that
identify important risk factors that could cause actual results to
differ from those contained in the forward-looking statements. The
Company does not undertake any obligation to review or confirm analysts’
expectations or estimates or to release publicly any revisions to any
forward-looking statements to reflect events or circumstances after the
date hereof or to reflect the occurrence of unanticipated events.
Investors should not place undue reliance on forward-looking statements.