Posted by AGORACOM-JC
at 4:54 PM on Thursday, May 23rd, 2019
When it went public in September of last year, Bougainville Ventures (BOG:CSE) started out as a cannabis real estate company, providing turnkey greenhouse solutions to tenant growers with a long-term goal of emulating the McDonald’s real estate model. That model is still at the core of BOG but company principals are using their expertise to slowly but surely create a vertically integrated powerhouse. More than just lip service, the Company has announced the following in 2019 and we haven’t even hit June yet:
April 15 – Acquired an interest in 5 Alberta retail locations
April 25 – Binding LOI to construct a Canadian Hemp/CBD processing facility
May 14 – Signed A Sponsored Research Agreement With Israeli R&D Company For A CBD Energy Drink
May 23 – Acquired An American Hemp production and processing company to produce high-quality CBD extracts
We sat down with Bougainville Director, Richard Cindric to find out
how these significant developments all tie in together as the Company
races towards becoming a vertically integrated player.
Posted by AGORACOM
at 3:35 PM on Thursday, May 23rd, 2019
Gratomic graphenes derived from Gratomic graphite mined from its Aukum Mine located in Namibia are being used to manufacture Graphene enabled conductive inks and pastes.
The inks and pastes are amongst the most conductive carbon inks and pastes currently available within the global market place.
The Gratink product is formulated specifically to meet the needs of the printed flexible electronics and EMI shielding markets.
TORONTO, May 23, 2019 /CNW/ – Gratomic Inc. (“GRAT” or the “Company”) (TSX-V: GRAT) (FRANKFURT:CB81, WKN:A143MR) is pleased to announce its first Graphene from Gratomic Graphite derived product.
Gratomic graphenes derived from Gratomic graphite mined from its Aukum Mine located in Namibia
are being used to manufacture Graphene enabled conductive inks and
pastes. The inks and pastes (to the best of the Company’s knowledge) are
amongst the most conductive carbon inks and pastes currently available
within the global market place.
The Gratink product is formulated specifically to meet the needs of
the printed flexible electronics and EMI
shielding markets. Electromagnetic interference (EMI), sometimes
referred to as radio-frequency interference (RFI) is a disturbance
generated by an external source that affects an electrical circuit by
electromagnetic induction, electrostatic coupling, or conduction.
The Gratink and paste applications based on surface modified nano
graphene “enablers” offer a product for market penetration into the
information technology sector that is now an important aspect of our
everyday life.
The Gratomic Gratink product delivers a functional print and coat component solution.
Due to a multiple range of potential applications including antennas,
RFID tags, transistors, sensors, and wearable electronics, the
development of printed conductive inks and coatings for electronic
applications is growing rapidly. Currently available conductive inks
exploit metal nanoparticles to realize electrical conductivity.
Traditionally, metallic nanoparticles are normally derived from
silver, copper and platinum based enablers which can be expensive and
easily oxidized.
The Gratink product is designed to fill a gap in both the flexible
printed electronics and EMI market space where metallic nanoparticle
solutions are unnecessary.
Gratink is initially available to meet customer printing and coating
preference specifications for R&D purposes with orders available in
one-kilo packages.
Following satisfactory customer preproduction qualification, the
products can then be varied so they are suitable for printing and
coating in bulk quantities formulated to specification and made
available as required in 10’s to 100’s of kilos or tonnes.
Please note – Inks and pastes are prepared for all currently
available methods of printing and coating with the exception of ink jet
printing.
Sheldon Inwentash Co-CEO of Gratomic commented. “Gratomic is
delighted to offer their first product of a planned product range based
on the Company’s graphene derived from graphite mined from its Aukum
Mine.”
Gratink is a collaborative development product formulated in tandem with Perpetuus Carbon Technology Wales UK and Gratomic Inc.
Gratomic continues to move its business towards production and as part of its business plan, expects to obtain a National Instrument 43-101Standards of Disclosure for Mineral Projects technical report to help it ascertain the economics of Aukam.
Presently the Company uses its existing pilot processing facility to
produce certain amounts of graphite concentrate from accumulated surface
graphite.
Qualified Person
Steve Gray, P.Geo. has reviewed, prepared and approved
the scientific and technical information in this press release and is
Gratomic Inc’s “Qualified Person” as defined by National Instrument
43-101 – Standards of Disclosure for Mineral Projects.
Risk Factors
The Company advises that it has not based its production decision on a
feasibility study of mineral reserves, demonstrating economic and
technical viability, and, as a result, there may be an increased
uncertainty of achieving any particular level of recovery of minerals or
the cost of such recovery, including increased risks associated with
developing a commercially mineable deposit.
Historically, such projects have a much higher risk of economic and
technical failure. There is no guarantee that production will begin as
anticipated or at all or that anticipated production costs will be
achieved.
Failure to commence production would have a material adverse impact
on the Company’s ability to generate revenue and cash flow to fund
operations. Failure to achieve the anticipated production costs would
have a material adverse impact on the Company’s cash flow and future
profitability.
About Gratomic Inc.
Gratomic is an advanced materials company focused on mine to market
commercialization of graphite products most notably high value graphene
based components for a range of mass market products. We are
collaborating with a leading European manufacturer of graphenes to use
Aukam graphite to manufacture graphene products for commercialization on
an industrial scale. The company is listed on the TSX Venture Exchange
under the symbol GRAT.
“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.”
Posted by AGORACOM-JC
at 2:40 PM on Thursday, May 23rd, 2019
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Q1 2019’s Most Impactful PC Videogames: The Year of Growth
Both the Overwatch League and NBA 2K League have expanded. Viewership for Western League of Legends
pro leagues is up year-over-year. Across the esports industry, leagues
are being revamped and prize pools are growing. Overall, 2019 is shaping
up to be a year of growth for the industry.
This growth is reflected in The
Esports Observer’s PC Games Impact Index report for the first quarter of
2019. For a detailed breakdown of the key performance indicators that
determine a game’s index score, click here to review last year’s initial Impact Index report.
The Big Four
For the last several years, the esports industry has been consistently led by Counter-Strike , League of Legends, and Dota 2 ,
commonly referred to as the “Big Three.†Over the last year, with its
consistently high viewership and $100M USD overall prize pool for its
first season, Fortnite
has forced its way onto equal footing with the Big Three. This is
clearly reflected in the large gap between these games and the next
title in the impact rankings. The fifth place game (Overwatch) is separated from the Big Four by 21.84 – the largest gap separating any two games on the list.
The scores of each of the games in the Big Four have increased year-over-year.
While it is worth noting that the Overwatch League
did not begin until mid-February, thus putting the game at a
significant disadvantage in esports activity compared to the Big Four, Overwatch was unable to break into the top four at any point during the inaugural OWL season in 2018.
In fact, the Overwatch League itself may be a limiting factor for Overwatch’s
impact. Activision Blizzard has effectively eliminated all third-party
activity related to the game, drastically reducing both the number of
tournaments and available prize money within a given quarter. While the
league still generates viewership that frequently places highly on
weekly Twitch rankings, the lack of prominent streamers or other
tournaments ultimately hurts Overwatch’s impact score, which has declined slightly year-over-year.
By contrast, the scores of each of the games in the Big Four have increased year-over-year, with Fortnite
jumping from 13.64 points in Q1 2018 to 51.70. These games continue to
iterate on their structures while also providing opportunities for
streamers and third-party tournament organizers to drive growth for
their respective esports scenes.
On The Rise
Four games are particularly noteworthy for growing their impact scores by more than 100% year-over-year. Call of Duty , FIFA , and World of Warcraft each saw a surge in popularity in the latter half of 2018 due to the release of new titles: Black Ops 3, FIFA 19, and the expansion Battle for Azeroth,
respectively. The popularity of these games (and by extension their
viewership and esports interests) operate on a regular content cycle.
Interest peaks when a new entry is released, and then declines over time
until it spikes again with the next release.
That said, all three games are also now in the midst of a renewed focus on their esports systems. Call of Duty is gearing up for its move to a franchise system, FIFA
has enjoyed a boom in its ecosystem with more third-party tournaments
and organizers entering the space, and Activision Blizzard overhauled
the structure for both of WoW’s competitive modes as well as increasing their prize pools. Additionally, WoW continues to see large spikes in viewership during World First raid races led by esports organization Method.
Credit: Ubisoft
Although Rainbow Six Siege did not benefit from a major new game release, it was still able to see impact growth on par with the other three titles. Rainbow Six Siege is the product of steady growth and frequent content updates
which have driven more esports viewership, prize money, and
organization interest over the last 18 months. While the game is likely
to continue growing as an esport, its impact score may have peaked for
the year as its most prominent tournament, the Six Invitational,
concluded in February. However, the game’s ability to see such strong
year-over-year growth without relying on a new release gives it more in
common with the games in the Big Four, and suggests a potential to one
day contend with the impact of those titles if its current growth rate
continues into 2020.
Still Not Enough
The final game of note stands out for its absence in the top 15 – Apex Legends. Apexdominated Twitch
following its release on Feb. 4, 2019, and saw tournament support from
the streaming platform in the form of two $100K USD Twitch Rivals
events. Unfortunately, developer Respawn Entertainment and publisher EA
failed to capitalize on the game’s successful launch. By
March, the lack of a developer-supported tournament ecosystem or
significant content update had driven many of the game’s top streamers
back to other titles, primarily Fortnite. With the $30M Fortnite World Cup on the horizon, it is unlikely that Apex Legends will be able to pull top competitive Fortnite streamers away.
That said, with top streamers such as Turner “Tfue†Tenney stating that they would quit competing in Fortnite
tournaments after the World Cup due to frustration with the game, a
significant esports investment from EA in the latter half of 2019 could
be enough to draw disenfranchised Fortnite streamers to Apex Legends, giving the game a second chance to dethrone the current king of battle royales.
Posted by AGORACOM
at 12:11 PM on Thursday, May 23rd, 2019
Kamloops, British Columbia–(Newsfile Corp. – May 23, 2019) –
Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) is
pleased to provide an update on the recent news that Barrick Gold
Corporation (“Barrick”) has made a takeover offer for Acacia Mining
plc(“Acacia”). The Company has not been contacted by either Barrick or
Acacia concerning the takeover offer and its effect on the Kakamega
joint venture project between Acacia and Advance Gold.
Earlier
this year, new licenses for the joint venture project were issued.
Exploration plans have been made for the upcoming exploration season to
be underway once the rainy season in west Kenya is over.
The joint
venture is owned 85.37% by Acacia and 14.63% by Advance Gold. If during
the joint venture either party decides to sell their interest, the
other party has a first right of refusal on any offering price. If
Advance Gold is diluted down to a 10% interest (approximately $1.7
million in exploration to dilute), then its interest converts to a 3%
uncapped net smelter royalty (NSR). In the event that Advance Gold is
diluted to a NSR, Acacia Mining has no first rights of refusal and the
NSR can be sold directly to any interested party.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Advance
Gold is keenly watching recent developments concerning the takeover
offer that Barrick has made for our joint venture partner Acacia Mining
plc. Although Barrick owns a large majority of the shares of Acacia
Mining, it is an independently run public company. We are eager to see
how the takeover proceeds and how it will affect Advance. We are looking
at all our options concerning our Kakamega project.”
Julio
Pinto Linares is a QP, Doctor in Geological Sciences with specialty in
Economic Geology and Qualified Professional No. 01365 by MMSA., for
Advance Gold and is the qualified person as defined by National
Instrument 43-101 responsible for the accuracy of technical information
contained in this news release.
Other news
In a press
release dated April 24, 2019, Advance announced that it was granting
stock options to its directors, key employees and consultants at an
exercise price of $0.12 per share. The Board of Directors has determined
that it’s in the Company’s best interest to amend the issue price of
these options to $0.065 per share. As per conditions of the Company’s
stock option plan, it will be a term of each stock option agreement that
a mandatory hold period will be imposed upon the sale or disposition of
any shares acquired for four months from the date of the grant of the
stock options.
About Advance Gold Corp. (TSXV: AAX)
Advance
Gold is a TSX-V listed junior exploration company focused on acquiring
and exploring mineral properties containing precious metals. The Company
acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas,
Mexico in 2017, and the Venaditas project, also in Zacatecas state, in
April, 2018.
The Tabasquena project is located near the Milagros
silver mine near the city of Ojocaliente, Mexico. Benefits at Tabasquena
include road access to the claims, power to the claims, a 100-metre
underground shaft and underground workings,plus it is a fully permitted mine.
Venaditas
is well located adjacent to Teck’s San Nicholas mine, a VMS deposit,
and it is approximately 11km to the east of the Tabasquena project,
along a paved road.
In addition, Advance Gold holds a 14.63%
interest on strategic claims in the Liranda Corridor in Kenya, East
Africa. The remaining 85.37% of the Kakamega project is held by Acacia
Mining (63% owned by Barrick Gold Corporation).
For further information, please contact: Allan Barry Laboucan, President and CEO Phone: (604) 505-4753 Email: [email protected]
Posted by AGORACOM-JC
at 11:58 AM on Thursday, May 23rd, 2019
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Despite Crypto Rally Pause, This Billionaire Still Expects Bitcoin at $250,000
Tim Draper, a prominent venture capitalist known for sporting an “offensive†purple Bitcoin tie, recently told The Street that now’s still an optimal time to purchase Bitcoin.
He goes on to state that by 2022, “maybe 2023â€, he expects for each BTC to be valued at $250,000, explaining his prediction as an estimate of the market share that Bitcoin will obtain as a viable currency and digital store of value.
Bitcoin
(BTC) may have dropped by 4% in the past 24 hours, receding to $7,600
in an interday drop, but many analysts and investors are still
optimistic. The thing is, the fact that BTC collapsed to $6,100 and then
skyrocketed to tap $8,000 for a second time was deemed by many to be
wildly positive, as it asserts that the bulls have control of the
cryptocurrency wheel.
One prominent investor claims that this is just the start though. He
recently asserted that Bitcoin’s runway is a lot longer than some expect
and that BTC can easily reach a value in the sextuple-digit range.
Bitcoin Rally Is Just Getting Started
Tim Draper, a prominent venture capitalist known for sporting an “offensive†purple Bitcoin tie, recently told The Street
that now’s still an optimal time to purchase Bitcoin. In a comment
characteristic of his long-term expectations for this space, the
investor quipped that it may be wise to “buy the dip [or] buy the
reboundâ€, hinting at his belief that whether your BTC cost basis is
$5,000 or $10,000 in years from now won’t matter.
He goes on to state that by 2022, “maybe 2023â€, he expects for each
BTC to be valued at $250,000, explaining his prediction as an estimate
of the market share that Bitcoin will obtain as a viable currency and
digital store of value.
This is far from the first time he touted such a lofty prediction.
Speaking to CoinTelegraph, the staunch permabull remarked that 2018’s
sell-off to $3,150 from $20,000 was simply a “fluctuationâ€, musing that
the move was catalyzed by manipulators looking to turn a quick buck.
Explaining why buying cryptocurrency whenever is logical, Draper opines:
“All times are good times to enter the crypto market. If you are
forward-thinking, you’re going to look and say ‘this is just better
currency’, so it’s just a matter of time before the world adopts it.
[This will happen] when everything I can do with fiat, I can do with
Bitcoin.â€
Indeed, many have expressed that the simple adoption of Bitcoin as a
digital currency, potentially the money of the future, is what will
drive such long-run growth. Researcher Filb Filb expressed
four months ago that if Bitcoin’s supply schedule, BTC’s adoption
rates, its share of global financial transactions, and worldwide debt
continues to follow his in-depth model, BTC could hit $250,000 by as
soon as 2022, lining up with Draper’s forecast.
He then added that Bitcoin’s fair value (at that time) was $5,500, meaning that the spot market was then undervaluing the asset.
What’s Crypto’s Endgame?
What comes after Bitcoin hits $250,000? Well, in the extremely long
run, like in the coming decades, Draper expects for the value of all
digital assets to begin to make a move on the $100 trillion hegemony of
fiat, government-issued money. While fiat makes up a vast majority of
global capital flows, Draper argues
that using such “poor†currencies is illogical, citing their
controllability, lack of transparency, and subjectivity to political and
social whims on the day-to-day.
With the brightest developers, engineers, and academics working on digital assets — Blockchain Capital’s Spencer Bogart would agree — Draper notes that there could be a capital flight from fiat to crypto over time. He elaborates:
“My belief is that over some period of time, the cryptocurrencies
will eclipse the fiat currencies. That would be a 1,000 times higher
than what we have now.â€
In a subsequent comment, Draper quipped that in five years’ time,
when consumers walk into Starbucks using fiat, the baristas will “laugh
at you.†He’s effectively implying that Bitcoin and other media of
exchange digital assets will be used in the place of traditional payment
rails, like U.S. dollars, Euros, or Yen on Visa or Mastercard.
What Will Bring BTC Higher?
Although the aforementioned commentators seem to be 100% sure that
fresh highs are in Bitcoin’s cards, what could kick off the adoption of
Bitcoin as a currency. Theses on this matter very, but many are coming
to the conclusion that a reduction in supply (the halving), growing
interest in BTC, and capital flight from traditional assets is what will
cause this embryonic industry to see massive adoption.
Per previous reports
from NewsBTC, quantatative analyst PlanB writes that money from silver,
gold, negative interest rate economies, authoritarian and capital
control-rife states, billionaires looking for a quantitative easing
hedge, and institutional investors will be what pushes Bitcoin to
$55,000 after 2020’s halving. This inflow could potentially kick off
what many call “hyperbitcoinizationâ€, which is when fiat currencies
rapidly lose value as Bitcoin supplants it.
Posted by AGORACOM
at 11:28 AM on Thursday, May 23rd, 2019
Dr. Raymond  W. Urbanski MD, PhD, will work closely with the Board of Directors to set the vision and strategic direction of the company
Will establish organizational structure, processes and key hires necessary to continue the growth of Applied BioSciences.Â
Overseeing the development of key products in the Applied BioSciences’ product pipeline
Directing development within the newly formed Applied BioPharma Division which is focused on innovative cannabinoid therapies being developed to address the unmet medical needs of patients across multiple therapeutic areas.
About Applied BioSciences Corp. Applied BioSciences Corp. (www.appliedbiocorp.com),
is a diversified company focused on multiple areas of the medical,
bioceutical and pet health industry. As a leading company in the CBD and
Pet health space, the company is currently shipping to the majority of
US states as well as to 5 International countries. The company is
focused on select investment, consumer brands, and partnership
opportunities in the recreational, health and wellness, nutraceutical,
and media industries.
About Trace Analytics Inc. Trace Analytics Inc. is a leading cannabis science and technology company with significant footprints in lab testing, research and development and licensing. Trace Analytics was started by a group of scientists who specialized in analytical chemistry, genetics and molecular biology. The focus of the team is to ensure compliance with public safety standards and end user safety. Trace Analytics is in the process of expanding throughout the United States, and globally. With the goal of helping the rest of the world adopt “best practices” in cannabis and hemp testing, the company also provides expert consulting services to legislators and regulators in many countries, states and municipalities around the world. For more information, please visit: http://traceanalytics.com
Posted by AGORACOM-JC
at 10:44 AM on Thursday, May 23rd, 2019
Announced the receipt of a video from PyroGenesis Canada Inc (TSX-V:Â PYR) demonstrating a Silicon Metal Melt Drainage (Tapping) test
Part of the continuous development testing with Gen2 PUREVAP™ Commercial Scalability Proof of Concept platform.
HPQ Silicon Resources Inc. – (www.HPQSilicon.com) (TSX-V: HPQ), (OTCPink: URAGF), (FWB: UGE) is pleased to announce the receipt of a video from PyroGenesis Canada Inc (“PyroGenesisâ€) (TSX-V: PYR) demonstrating a Silicon Metal Melt Drainage (Tapping) test, which is part of the continuous development testing with our Gen2 PUREVAP™ Commercial Scalability Proof of Concept platform.
DRAINAGE OF LIQUID SILICON MELT AT THE BOTTOM OF REACTOR (TAPPING) CRITICAL TO PROCESS
Drainage of silicon metal (tapping) is one of the most important
aspects of the disruptive process being developed. In order to test
design efficiency and to generate computational studies to predict the
tapping behaviour of liquid silicon in the Gen3 pilot plant, a few
silicon melting and tapping tests using the Gen2 reactor have been
conducted to date. The video was produced during one of these tests.
SIMULATED TAPPING DONE USING GEN2
The Gen2 reactor was ramped up to operating parameters and once it
reached operating temperature, as-received Si was introduced into the
reactor for effective melting. The video sequence starts when the
reactor is opened until all the liquid silicon metal is drained out.
Mr. Bernard Tourillon, President and CEO of HPQ Silicon Resources Inc stated: “We
are very excited to be able to present to our stakeholders our first
ever video of the Gen2 in action. This video gives life to our tests.
Tests that are demonstrating the incredible versatility of our Gen2
PUREVAPTM QRR platform, highlighting the advancement being made on the
project and toward de-risking the Gen3 commercial scalability testing
phaseâ€.
Pierre Carabin, Eng., M. Eng., Chief Technology Officer and Chief
Strategist of PyroGenesis has reviewed and approved the technical
content of this press release.
This News Release is available on the company’s CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.
About HPQ Silicon
HPQ Silicon Resources Inc. is a TSX-V listed resource company focuses
on becoming a vertically integrated and diversified High Purity, Solar
Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and
monocrystalline solar cells of the P and N types, required for
production of high performance photovoltaic conversion.
HPQ’s goal is to develop, in collaboration with industry leaders,
PyroGenesis (TSX-V: PYR) and Apollon Solar, that are experts in their
fields of interest, the innovative PUREVAPTM “Quartz Reduction Reactors
(QRR)â€, a truly 2.0 Carbothermic process (patent pending), which will
permit the transformation and purification of quartz (SiO2) into high
purity silicon metal (Si) in one step and reduce by a factor of at least
two-thirds (2/3) the costs associated with the transformation of quartz
(SiO2) into SoG Si. The pilot plant equipment that will validate the
commercial potential of the process is on schedule to start in 2019. Shares outstanding: 222,284,053
Disclaimers:
This press release contains certain forward-looking statements,
including, without limitation, statements containing the words “may”,
“plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”,
“expect”, “in the process” and other similar expressions which
constitute “forward-looking information” within the meaning of
applicable securities laws. Forward-looking statements reflect the
Company’s current expectation and assumptions, and are subject to a
number of risks and uncertainties that could cause actual results to
differ materially from those anticipated. These forward-looking
statements involve risks and uncertainties including, but not limited
to, our expectations regarding the acceptance of our products by the
market, our strategy to develop new products and enhance the
capabilities of existing products, our strategy with respect to research
and development, the impact of competitive products and pricing, new
product development, and uncertainties related to the regulatory
approval process. Such statements reflect the current views of the
Company with respect to future events and are subject to certain risks
and uncertainties and other risks detailed from time-to-time in the
Company’s on-going filings with the securities regulatory authorities,
which filings can be found at www.sedar.com. Actual results, events, and
performance may differ materially. Readers are cautioned not to place
undue reliance on these forward-looking statements. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements either as a result of new information, future
events or otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange 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.
For further information, contact Bernard J. Tourillon, Chairman, President and CEO Tel (514) 907-1011 Patrick Levasseur, Vice-President and COO Tel: (514) 262-9239 www.HPQSilicon.com
Photos accompanying this announcement are available at:
Posted by AGORACOM
at 8:20 AM on Thursday, May 23rd, 2019
Fast Tracking Exploration at Treaty Creek
American Creek has operated in the Golden Triangle region for 15 years and has three noteworthy projects.
Ken Konkin (former head geologist for Pretivm and instrumental
in the discovery and development of the Brucejack / VOK mine) now
heading our JV partner Tudor Gold’s geological team to develop Treaty
Creek.
The geology, geophysics and structure are showing
potential for similar scale to the rest of the Sulphurets Hydrothermal
System, and the drilling to date is confirming
The string of
porphyry related deposits running through the Sulphurets Hydrothermal
system have stronger gold equivalent grades the further north you go.
The Goldstorm deposit on Treaty Creek property is richer in gold and
total gold equivalent than the KSM deposits further to the south
Treaty
Creek is “on the right side of the hill†where there is direct access
to highway 37 and the high-power transmission line making logistics
markedly better than for deposits further south.
The Treaty Creek JV property has a fully carried interest to production
Posted by AGORACOM-JC
at 7:03 AM on Thursday, May 23rd, 2019
Further to the letter of intent with Worm Castings Farms Inc. Company signed a definitive agreement to complete the acquisition
Under the terms of the Worm Castings Transaction, Bougainville will provide total consideration of 10 million common shares of Bougainville at a deemed price of CAD$0.12 and a cash payment of USD$350,000 in return for 70% of Worm Castings profits.
VANCOUVER, British Columbia, May 23, 2019 — BOUGAINVILLE VENTURES INC. (“Bougainville” or the “Company”) (CSE: BOG) (8BV-FF:Frankfurt Stock Exchange) is pleased to announce that further to the letter of intent (“LOIâ€) with Worm Castings Farms Inc. (“Worm Castingsâ€) announced in the Company news release dated October 29, 2018 the Company signed a definitive agreement to complete the acquisition of Worm Castings (“the Worm Castings Transactionâ€). Worm Castings is the sole owner of an Oregon State Hemp production and processing license, issued by the Oregon State Regulatory approval board, for total consideration consisting of 10 million common shares of Bougainville at a deemed price of CAD$0.12 per share and a cash payment of USD$350,000.
TERMS OF THE TRANSACTION
Under the terms of the Worm Castings Transaction, Bougainville will
provide total consideration of 10 million common shares of Bougainville
at a deemed price of CAD$0.12 and a cash payment of USD$350,000 in
return for 70% of Worm Castings profits.
Subject to completion of the Worm Castings Transaction the board of
directors of Bougainville Director’s will approve the Company to deliver
the final outstanding payment of $USD120,000 to Worm Castings which
will complete the USD$350,000 deposit, which will satisfy Bougainville’s
obligation under the Worm Castings Transaction. Bougainville plans to
invest up to USD$1,000,000 to expand the capacity of Worm Castings in
agriculture, associated infrastructure, and working capital.
Bougainville has secured the services of the Worm Castings founders for a
period of a minimum of five years to aid with the anticipated expansion
of the business in Oregon and the rest of the United States.
President & CEO, Andy Jagpal Comments:
“This acquisition of Worm Casting is a means to further our strategy
of providing large quantities of high-quality CBD extracts. The Worm
Casting Transaction provides Bougainville with a vertically-integrated
and licensed cultivator. In addition to having 10 acres worth of
industrial hemp ready for processing, they possess a premium high
quality cloned feminized hemp plants with 10-15% CBD and 0.3% THC
resulting in maximized CBD oil content within each plant.â€
PRIVATE PLACEMENT FINANCING
Bougainville is also pleased to announce that it has arranged a
private placement (the “Private Placementâ€) of units (each a “Unitâ€) at a
price of $0.12 per Unit basis for gross proceeds of up to $500,000.
Each unit is comprised of one common shares (each a “Shareâ€) of the
Company and one common share purchase warrant (each a “Warrantâ€). Each
Warrant entitles the holder to purchase one additional common share
(each “Warrant Shareâ€) of the Company at an exercise price of $0.25 per
Warrant Share for a term that is 24 months from the date of closing of
the Private Placement.
The Company wishes to correct an error in its news release dated May
1, 2019 in which the Company announced the closing of an oversubscribed
private placement for which 3,166,666 Units were issued at a price of
$0.06 per Unit for $190,000 in gross proceeds (the “Closed Private
Placementâ€). The Closed Private Placement resulted in the issuance of
3,316,666 Units of the Company at a price of $0.06 per Unit for $199,000
in gross proceeds
About Bougainville Ventures, Inc.
Bougainville provides cannabis infrastructure and seed-to-sale
services to I-502 tenant-growers leasing greenhouse facilities space and
providing fully built-out, turnkey solutions and ancillary services
including processing, cannabis expertise and marketing and sales
resources. Greenhouse canopies provide a 50% saving in cultivation cost.
Bougainville has 10,000 square feet of space being prepared for
production in Oroville, Washington state. Bougainville possesses
sufficient land for two more pods of the same size.
For further information, please contact the IR department at [email protected] or by phone at 1-888-395-6399.
FORWARD LOOKING STATEMENTS: This news release
contains certain forward-looking statements within the meaning of
Canadian securities laws. Forward-looking statements are based on the
expectations and opinions of the Company’s management on the date the
statements are made. The assumptions used in the preparation of such
statements, although considered reasonable at the time of preparation,
may prove to be imprecise and, as such, undue reliance should not be
placed on forward-looking statements. The Company expressly disclaims
any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise. No regulatory authority has approved or disapproved the
information contained in this news release.
Posted by AGORACOM-JC
at 2:39 PM on Wednesday, May 22nd, 2019
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———————–
Understanding the esports ecosystem
Broadcasters aren’t the only demographic trying to figure out what impact esports might have on their industry: based on a number of very well attended sessions at the recent SportsPro Live event in London, professional sport is too
Esports is emerging as an exciting new market bringing together
players from the broadcasting, gaming and sports industries, writes Ian
Volans.
L-R, Esports integrity commissioner (moderator) Ian Smith; ESL UK CEO
James Dean; New York Excelsior OWL VP of consumer products Collette
Gangemi; FACE IT co-founder & CBO Michele Attisani; Riot Games
business development manager Romain Bigeard.
Broadcasters aren’t the only demographic trying to figure out what
impact esports might have on their industry: based on a number of very
well attended sessions at the recent SportsPro Live event in London,
professional sport is too.
For the benefit of novices, speakers agreed that the term “esportsâ€
is not entirely useful. Introducing a panel discussion on where the
esports and gaming business is heading, Ian Smith Integrity Commissioner
at the Esports Integrity Coalition described the term as a slightly
misleading umbrella term covering a variety of games that are lumped
together in the same way that the Olympics lumps together 26 or 28
different sports. “Just like the Olympics, we have the 100m men’s final
at one end watched by 1.2 billion people and we have synchronized
swimming at the other end watched by 12 people. Esports is exactly like
that,†said Smith.
Smith placed Counter-Strike Global Offensive (CS: GO), League of Legends and Defense of the Ancients 2 (Dota2) at the Usain Bolt end of the esports spectrum, with Overwatch and Rainbow 6 being in a second tier not too far behind while other games such as Starcraft,
which was massive until a few years ago, are in decline. Each game has
its own characteristics, attracting its own community. It’s the
engagement of these communities which is of interest to professional
sporting bodies, and a potential competitor for the attention of
broadcasters’ viewers.
In a keynote, Wouter Slijffers, CEO of Fnatic said he felt
“professional gaming†is a more intuitive description. Fnatic owns ten
professional teams across the globe, including a League of Legends team which won the world championship in 2011 and was runner up in 2018
Wouter Slijffers is CEO of Fnatic, owner of ten pro esports games worldwide
Slijffers suggested that the estimated esports audience of 1.8
billion represented a quarter of world population or 40% of the online
population. The sector is projected to be worth US$1.1 billion in 2019
rising to US$1.8 billion in 2022, a very healthy compound annual growth
rate of 22%. The excitement about esports rests on adage that “there’s
money in eyeballs.â€
Media rights market There are four key
stakeholder groups at the core of the esports ecosystem: the publishers
who develop and release the games; platforms that facilitate the
broadcast of games to audiences worldwide; organisers of live events
that are filling arenas with increasing regularity; and pro teams.
Associations are emerging as the maturing ecosystem recognizes a need
for governance structures. For example, World esports Association
(WESA) is an open and inclusive organization that aims to
professionalize esports in areas such as player representation,
standardized regulations, revenue shares for teams as well as
establishing predictable schedules for fans, players, organizers and
broadcasters. The Esports Integrity Coalition is a not-for profit
members’ association that works with esports stakeholders to protect the
integrity of competition, investigate all forms of cheating including
match manipulation and doping and impose sanctions on offenders.
Slijffers outlined the increasingly diverse revenue streams that help
fund professional esports teams. Sponsorship and partnerships are key
with brands keen to tap into esports for content-led campaigns. To
support this, Fnatic has an in-house content studio and offers talent
services. Having protected its trademarks in key markets worldwide, fans
are monetized through merchandising – Fnatic has its own global e-shop
and opened Bunkr, the world’s first esports concept store, in London’s
Shoreditch tech district in 2016.
A media rights market is beginning to develop but Slijffers said that
it was “yet to be proven†how teams would share revenues with the
leagues who were doing the deals. Twitch has paid $90 million for
exclusive streaming rights for the Overwatch League for two years but BAMTech’s $350 million six-year deal reported in December 2016 for exclusive rights to stream League of Legends unraveled before it started. In May 2018, ESPN+ stepped in with a replacement deal of undisclosed value.
Sponsorship and partnerships are key with brands keen to tap into esports for content-led campaigns.
One area which highlights the similarities between sport and esports
and the cultural differences between North America and Europe is in
commercial relationship between leagues and teams. Depending on the
game, open leagues and tournaments are more common in Europe while the
model in North American is more often closed franchise,
publisher-controlled, leagues.
Romain Bigeard, business development manager at Riot Games, was one
of the SportsPro Live panelists. Riot Games released debut title League of Legends in 2009 and it has gone on to become one of the most played computer games and a driver of the esports phenomenon.
Bigeard’s career started in the open leagues with promotion and
relegation in Europe. One of the downsides of the European approach was
that because of the short esport business life cycle – six to nine
months – a team could get relegated three months into a sponsorship
deal. When he moved to America, he realized that the franchise system
gave teams – the “weak-link in the overall ecosystem†– time to
negotiate and activate sponsorship deals that work for partner brands.
Michele Attisani, co-founder of FACEIT, agrees with Bigeard: “From a
commercial standpoint, and from a business standpoint, I think a
franchise is brilliant because it gives the ability to invest for the
long term.†FACEIT is a global online esports platform with 12 million
users playing more than 15 million game sessions each month. Key
objectives in developing the platform were to make it as social as
possible in order to build communities around the games they support and
to integrate Twitch, YouTube. The company has also branched into
hosting major live events such as the FACEIT CS:GO Major which
sold-out the Wembley Arena in September 2018 and was broadcast live on
Sky Sports’ website, YouTube and Facebook channels.
With more money coming in, Attisani says that with the approach adopted by Riot with League of Legends and Blizzard with the Overwatch League
there is greater stability for the teams, the players, the brands and
the leagues. However, he cautions that the long-term consequences of the
model are not fully understood. Stability comes at a cost: at the time
of the ESPN+ deal, Bloomberg reported that League of Legends teams were paying between $10 million and $13 million for franchises.
The FACEIT founder firmly believes that esports success depends on
having a strong and very engaged competitive community and large fan
bases for the games. “You need to make sure that as you build a
franchise you also maintain the overall health of the ecosystem for the
game.â€
Open ecosystem James Dean is CEO of the UK
subsidiary of Turtle Entertainment GmBH, owner and operator of the ESL
brand which runs a number of esports platforms, national and
international pro leagues and produces and broadcasts gaming events live
and globally. He warns that it is easy to lose sight of the fact that
all games publishers are some sort of commercial entity and that unlike
die-hard football fans who are unlikely to abandon their club, esports
fans can quite easily move away from one game to another. Dean believes
that an open ecosystem below community-based franchises is the best
combination to sustain an aspirational path for talent from lower
levels. “We have to encourage the talent, but you need the commercial
infrastructure to sustain the business model,†he said.
ESL created the World esports Association (WESA) to create an
alternative structure capable of giving players that aspirational path
to the top, but with sustainability. ESL’s CS-GO Pro League will be run under the auspices of WESA in 2019.
Collette Gangemi, VP of consumer products and merchandising for New York Excelsior, a pro team in the Atlantic Division of the Overwatch League
team, owns a community-based franchise in New York City. She observes
that having the IP rights combined with the ability to create fandom and
a community is hugely important and gives confidence for investment.
“We’re New York and will continue to invest in franchise-based models:
first with the Overwatch League and with others launching very soon.â€
There is growing interest in esports among traditional sports: for
example, FACEIT has been working with NHL. Attisani says the NHL Gaming
World Championship which enters second year in 2019 has been
“phenomenal†in revitalising the NHL brand and its relevance to younger
audiences.
2018 was the second year of Formula 1’s involvement in esports, and
the first year of official teams: nine out of ten of the F1 teams
participated. A total of 66,000 entered the four qualifying rounds and
the final was watched live by 1.2 million on TV and a further 3.2
million on a dedicated livestream. The competition generated 100 million
social media impressions and 20 million online views of F1 esports
content. For F1, esports creates “material fan engagement and commercial
opportunities.â€
Soccer has also jumped on the bandwagon: FIFA has revamped its FIFA eWorld Cup for 2019 with qualification through EA Sports FIFA19 Global Series. While in England, the ePremier League 2019 final was broadcast live on Sky Sports in March.
Leicester City footballer Christian Fuchs owns a pro esports team and
is planning to build a dedicated esports arena in New York City
Christian Fuchs, a member of the 2015-16 Leicester City squad that
famously disrupted the oligopoly that has dominated the English Premier
League, has set-up his own pro team – #NoFuchsGiven – that competes in FIFA19
tournaments. Fuchs told delegates at SportsPro Live that he has bought a
36-acre sports complex in New York and is planning to build a dedicated
thousand-seater esports arena which will be the biggest in the city.
For digitally native younger demographics there is little doubt that
esports is a rival to both broadcast and traditional sports. Only time
will tell how the three sectors will learn to co-exist.
