Agoracom Blog

Durango Discovers Lithium Bearing Pegmatites Near Nemaska, Quebec $DGO.ca

Posted by AGORACOM-JC at 10:33 AM on Tuesday, September 20th, 2016

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  • lithium bearing pegmatites were discovered on its property that is adjacent to Nemaska Lithium Inc.’s (TSX-NMX) Whabouchi Project
  • Anomalous lithium assays were grabbed from surface exposed pegmatites outcrops identified by high definition satellite imagery

Vancouver, BC / September 20, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) reports that further to its news release of September 13, 2016, lithium bearing pegmatites were discovered on its property that is adjacent to Nemaska Lithium Inc.’s (TSX-NMX) Whabouchi Project.

Durango’s anomalous lithium assays were grabbed from surface exposed pegmatites outcrops identified by high definition satellite imagery. No trenching or blasting was completed on the first phase reconnaissance program which took place in August 2016, as the scope of the program was limited to identifying pegmatites and sampling for lithium values.

Durango has discovered anomalous lithium bearing pegmatites sampled by a simple grab sample. From all the pegmatites discovered and sampled, 25 returned anomalous lithium values ranging from 50 to 320 ppm or 0.032%Li.

Exploration on Nemaksa Lithium’s claims has been ongoing since 1962 and has been worked on by various companies over the years. Nemaska Lithium is the eighth company to work the block of claims and began their work in 2009 by property visits and grab sampling. According to the Nemaska Lithium’s 43-101 report, Canico completed the first work in the area in 1962-63 and drilled 5 holes with the best result being 1.44% Li2O over 83.2m. Forty years later (2002), Inco tested the same pegmatite while exploring for Tantalum with results up to 0.026% Ta over 1 m in a channel sample. The lithium results returned by Inco ranged from 0.14%Li to 1.73% Li over a 1 m channel on the same spodumene-bearing pegmatite.*

Durango’s pegmatites with the lithium results can be easily accessed to trench and blast, or possibly commence drilling, to determine the extent of the pegmatites and to obtain fresh rock samples (not exposed to weathering and erosion) to determine Li content. Cesium levels ranged up to 80.9ppm, tantalum levels up to 77.1ppm and rubidium up to 2140 ppm which is typical of LCT (lithium, cesium tantalum) pegmatites. Pegmatites exploited for lithium are usually of the LCT type.

Marcy Kiesman, CEO of Durango comments: “Durango is highly encouraged by the geological discovery of the lithium-bearing pegmatites so proximal to the Whabouchi project. This discovery has greatly increased our odds of hosting a LCT (Lithium, Cesium, Tantalum) type deposit adjacent to Nemaska Lithium Inc. As such, Durango has asked Donald Theberge to prepare a report with phase two exploration program recommendations which will be announced as soon as it is available.”

The technical contents of this release were approved by Mr. Donald Theberge, PEng., MBA, a qualified person as defined by National Instrument 43-101. The property has not been subject of a National Instrument 43-101 report.

*Nemaska Exploration Inc. NI 43-101 Technical Report – Whabouchi Property, October 2, 2009, by Donald Theberge, Eng., MBA, p.8, p.17

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi project, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including commencement and completion of future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Nevada Energy Metals Inc. Clayton Valley BFF-1 Project Update $BFF.ca

Posted by AGORACOM-JC at 9:22 AM on Tuesday, September 20th, 2016

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  • American Lithium Corp (TSX-V: LI), the Optionee of the Company’s Clayton Valley BFF-1 Project advised the Company that the BLM has approved a Notice of Intent describing proposed locations for up to 6 sonic drill holes on the property.

September 20, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to report that American Lithium Corp (TSX-V: LI), the Optionee of the Company’s Clayton Valley BFF-1 Project “the Project”, has advised the Company that the BLM has approved a Notice of Intent describing proposed locations for up to 6 sonic drill holes on the property. Sonic drilling is capable of reaching a depth of 500 feet and is used for determining the characteristics and orientation of subsurface playa sediments. The ultimate goal of this program is to confirm the presence of a fine grained green sand and silt logged as volcanic ash in previous drilling on the property. This horizon is thought to be correlative to the Main Ash Aquifer on the adjacent Albermare/Rockwood lithium producing property. (ref. Geology and Conceptual Modeling of the Silver Peak Geothermal Prospect, Esmeralda County, Nevada; Jeffrey B. Hulen, PG, 2008)

American Lithium Corp. holds the right to acquire up to a 70% interest in and to the Clayton Valley BFF-1 Project by making staged cash payments in the amount of USD$275,000, issuing 1,200,000 million common shares of American Lithium Corp in three tranches and incurring USD$1,000,000 in exploration expenses on or before the third anniversary date of the agreement.

Rick Wilson, Chief Executive Officer of Nevada Energy Metals, commented: “We are delighted to have American Lithium Corp. as our partner with which to advance the Clayton Valley BFF-1 property. The Project covers an area similar to the structural and geologic settings at Albemarle’s Silver Peak lithium-brine operation, the border of which, lies only two hundred meters to the south east. We look forward to an exciting exploration program in the months ahead.”

About the Clayton Valley Project:

The Clayton Valley BFF-1 Project is an early-stage lithium brine prospect in Esmeralda County, Nevada. A total of 77 placer claims encompassing an area of approximately 623 ha (1,540 acres) on the north-western side of the original Clayton Valley playa. The property position covers an inferred graben bounded by the Silver Peak Range front on the west and by an outlier of Paleozoic rocks known as Goat Island on the east. The exploration concept is that the graben is a sub-basin of the larger Clayton Valley basin and may represent a secondary trap for lithium brines within the greater system.

The Clayton Valley BFF-1 NI 43-101 Technical Report by Alan Morris, CPG, QP, states ” The property has strong potential to host lithium brine deposits in favorable geologic horizons within the basin fill. Another possible target is lithium enriched clay within the fill package and potentially in previous high stands of the playa.” (April, 2016)

Geologic and geophysical mapping conducted for geothermal exploration and documented by Hulen (2008) indicates previously unrecognized, deep graben lying between the Silver Peak range front and outcrops of Paleozoic rocks at Goat Island and Alcatraz Island. This area was their target zone for a deep circulating geothermal system they hoped to exploit for geothermal power. This graben is the main target for lithium brine as it may represent a separate sub-basin in Clayton Valley that holds brines not subject to pumping by production wells on the east side of the main valley. Exposed mineralization is confined to salt crust on the playa surface and other locations in the valley.

Western Geothermal Partners drilled a 120 meter (400 foot) geothermal gradient test well in 2006 on what is now the Clayton Valley BFF-1 Project. Bottom hole temperature was 50C (122F) which showed moderate potential for geothermal power. Of significance, the well encountered a 25-foot-thick zone of volcanic ash reportedly similar to the Main Ash Aquifer in the Clayton Valley lithium operation. The presence of any felsic ash in this hole is significant in light of that, it is the presumed source for at least some of the lithium in the brines (Price et al, 2000).

Qualified Person: The technical content of this news release has been reviewed and approved by Alan Morris CPG, Elko, Nevada.

About Nevada Energy Metals: http://nevadaenergymetals.com/

Nevada Energy Metals Inc. is a well funded Canadian based exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has 100% ownership in 77 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America. Nevada Energy Metals has also acquired, 100 claims (Teels Marsh West) covering 2000 acres (809 hectares) at Teels Marsh, Mineral County, Nevada, a prospective lithium exploration project, 100% owned without any royalties; the San Emidio Desert Lithium Project, consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada; the Alkali Lake Project in Esmeralda county, is a 60% earn in option agreement from Dajin Resources Corp, where near surface lithium values have been confirmed; the Dixie Valley Project consisting of 911 claims covering 73.6 square kilometers/28.4 square miles (7,363 hectares/18,194 acres) of salt marsh playa. Of the seven characteristics favourable for the formation of a lithium brine deposit as outlined in the U.S. Geological Survey deposit model, all seven are found in Dixie Valley. The lithium deposit model for Dixie Valley is a Clayton Valley-style brine deposit.

On Behalf of the Board of Directors

Rick Wilson, President & 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 contents of this release.

Disclaimer for Forward-Looking Information:

The information discussed in this press release may include “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”). All statements, other than statements of historical facts, included herein concerning, among other things, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, business strategy and other plans and objectives for future operations, are forward looking statements. These forward looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and are not (and should not be considered to be) guarantees of future performance. It is important that each person reviewing this release understand the significant risks attendant to the operations of the Company. Nevada Energy Metals Inc. disclaims any obligation to update any forward-looking statement made herein.

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GrowPros Changes Its Name to Tetra Bio-Pharma Inc. and Announces the Results of Its Annual Shareholders Meeting $GCI.ca

Posted by AGORACOM-JC at 4:39 PM on Monday, September 19th, 2016

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  • Selected Tetra Bio-Pharma Inc. as the new name for the Company
  • Company also announces the re-appointment of Mr. André Audet as Director of GrowPros and welcomes three new directors on its Board, Mr. André Rancourt, Mr. Robert Brouillette, and Mr. Benoit Chotard.

OTTAWA, ONTARIO–(Sept. 19, 2016) – GrowPros Cannabis Ventures Inc. (“GrowPros” or “the Company”) (CSE:GCI) is pleased to announce that its shareholders have approved an amendment to the Company’s articles of incorporation in order to change its name. The Board of Directors, at a special meeting following the annual shareholders meeting, has selected Tetra Bio-Pharma Inc. as the new name for the Company.

The Company also announces the re-appointment of Mr. André Audet as Director of GrowPros and welcomes three new directors on its Board, Mr. André Rancourt, Mr. Robert Brouillette, and Mr. Benoit Chotard. (Reference to News Release of August 25, 2016)

The firm of McGovern Hurley Cunningham, LLP, was re-appointed as auditors of the Company.

Shareholders have approved the Board’s request for consolidation of the share capital of the Company on the basis of a consolidation ratio of one (1) post-consolidation share for every three (3) pre-consolidation shares. As previously released the consolidation will only be implemented in the case of a major business development.

Non-Brokered Private Placement

The Company also announces a non-brokered private placement (the “Offering”) comprised of 5,000,000 units at a price of $0.05 per unit for gross proceeds of $250,000. Each unit will consist of one common share and one transferable warrant. Each warrant entitles the holder to purchase one common share at a price of $0.07 for a period of twenty-four months following the closing of the Offering. All securities issued pursuant to the private placement are subject to a four-month hold period from the closing date and are subject to all necessary regulatory approvals.

In connection with the private placement, the Company may pay finder’s fees.

The proceeds of the private placement will be used to fund general working capital.

The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.

Forward-looking statements

Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, through its wholly-owned subsidiary, GrowPros MMP Inc., to obtain a licence for the production of medical marijuana; failure to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

GrowPros Cannabis Ventures Inc.
Andre Rancourt
Interim Chief Executive Officer
(613) 421-8402

GrowPros Cannabis Ventures Inc.
Andre Audet
Chairman
(613) 421-8402

GrowPros Cannabis Ventures Inc.
Ryan Brown
Grow Pros MMP Inc. President
(613) 421-8402

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A millennial view of the gaming industry $GMBL

Posted by AGORACOM-JC at 4:09 PM on Monday, September 19th, 2016

 

  • eSports may be the thing to bring millennials back to the casinos.
  • Industry, both operators and regulators, need to take hold of the new opportunities – skill gaming, sports, social games and eSports – and present them in novel ways in order to survive
eSports may be the thing to bring millennials back to the casinos.

It seems that every year before the Global Gaming Expo (G2E), as the gaming industry spends some time self-reflecting, executives and marketing professionals focus on developing strategies to attract the ever-elusive “millennial.” As a member of that confusing young generation, and as someone who has spent over a decade in the industry, I wanted to offer a few thoughts as everyone heads to Las Vegas this year.

The gaming industry is at a dramatic turning point. From a legal and regulatory perspective, the country has never been more open to legalized gambling, as reflected in the increasing number of jurisdictions that have authorized casino gaming in the past decade. Daily fantasy sports are finding a regulated path in light of initial legal challenges. New Jersey is tirelessly and ceaselessly — though not necessarily successfully — thumbing its nose at federal bans on sports wagering, causing many former skeptics to at least consider the idea of legalized sports gaming. Legislatures across the country considering gaming expansion opportunities are increasingly concerned about that once-unthinkable phenomenon — “market saturation.

“So where has the demand gone? I’ll spare you the well-worn statistics about how millennials now outnumber baby boomers and are the nation’s largest generational group. And, as you are well aware, we aren’t necessarily thrilled about traditional casino gaming.At industry panels and discussions — often solely featuring older generations — there has been plenty of talk about opening up the casino floor, placing “lounge” areas throughout a property, incorporating more nongaming amenities throughout the gaming space, and other cosmetic changes to better draw in younger crowds. I’ve seen many an executive wring his hands over the fact that young men and women will gladly drop hundreds on bottle service but won’t sit down at those fancy new “Big Bang Theory” slot machines designed to attract them.

“New colors, sounds and themes aimed at the customer’s existing preferences have always worked! What’s wrong with kids these days?”

I am not a marketing expert, and I am certainly not claiming to speak for everyone in my increasingly diverse generation, but the industry seems to miss some key points in its attempts to adapt to a new demographic.

After spending considerable time thinking about why casinos seem unappealing, I think all of the issues boil down to this:

We simply don’t have the economic security to take blind risks with our leisure time.

First, and most obviously, we are under a level of financial stress and uncertainty unfamiliar to many except those who lived through the Great Depression. After being encouraged by well-meaning parents to take out exorbitant student loans so that we could “find a good job,” we enter the real world with few employment prospects and massive, non-dischargeable debt. Not only do we not have a large budget to put down at the tables, but we have delayed major life decisions (marriage, home ownership, etc.) because of unemployment, underemployment or lack of faith that our existing position won’t be cut tomorrow. Studies have shown a lack of trust in established brands, corporations and other major economic players as we have seen quality sacrificed for growth. In essence, although we have great optimism in ourselves and our social group, we have a deep-seated skepticism of large institutions, as we have seen our parents, friends and personal prospects largely left behind.

It is much easier to spend a set amount of our money on a night of booze and dancing, where we can truly escape ourselves for a few hours, than to watch our chips slowly transfer across the table just like our meager salaries are transferred back to student loan collectors. Sure, it’s possible to walk away a winner, but we all know the odds are more likely that we walk away with just a story of the grumpy old-timer who got angry that we “took his card” through non-optimal blackjack strategy.

But table games are not the true threat to gaming’s continued growth. At least millennials will consider a few games of blackjack, poker or craps. Slots, the bedrock of gaming revenue for decades, simply have no appeal to younger generations. Here, we have absolutely no say in the outcome, no way to try to grow our initial gaming investment beyond the press of a button. And we have vastly more interactive and exciting gameplay opportunities on our phones, many of them free. We are also, as is well documented, a social generation, for whom the idea of engaging with a single, personal screen with no contact with others is unappealing. The small prospect of winning, let alone the infinitesimal prospect of winning a jackpot, isn’t appealing as entertainment in and of itself.

Despite all this, I am still hopeful that the industry will adapt to new entertainment options. I can’t place the blame on casino operators, as laws and regulations strictly dictate the products they can offer in a way unseen in the rest of the corporate world. Thankfully, through the efforts of AGEM, the AGA and their state-level partners, skill-based gaming has been authorized and may offer an opportunity to truly revolutionize the industry. These games may allow the industry to address the concerns noted above, letting younger players have greater control over the outcome of the game, create a more social atmosphere, and bring gaming technology into line with the most current video and mobile games. This type of regulatory reinvention is necessary to drive gaming entertainment into the current leisure activity options for younger demographics.

Sports wagering offers a much more interactive opportunity and control over our betting — so much so that daily fantasy operators have tried to argue that their games are purely skill-based. Here, we can also engage with some of the few major brands that have appeal: professional and college sports teams and athletes. eSports is an entirely new opportunity that has an incredibly dedicated and engaged fan base that is entirely dependent on the video games and technologies that millennials grew up enjoying. There is already a massive gray market where gaming fans wager in-game skins and other virtual items on matches between professional Counter Strike, DOTA and League of Legends events. Many would more than happily throw down cash at the opportunity to play a similar type of game in a casino atmosphere against a few other competitors for a prize.

There is a change coming, and it will need to be dramatic for modern casinos to compete with other entertainment options. This goes well beyond moving a few chairs around the gaming floor, pumping in loud music or changing the themes of slot machines. The industry, both operators and regulators, need to take hold of the new opportunities – skill gaming, sports, social games and eSports – and present them in novel ways in order to survive.

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AGORACOM Welcomes Back Pacific North West Capital (PFN: TSX-V) A Leader in Both PGM and Lithium Exploration $PFN.ca

Posted by AGORACOM-JC at 2:54 PM on Friday, September 16th, 2016

PACIFIC NORTH WEST CAPITAL CORP.

(PFN:TSX-V)

Two Divisions: PGM and Lithium

  • PGM Division: focus on Development of the 100% owned River Valley PGM Project. Canada’s Largest Undeveloped Primary PGM Resource, with 2.5 Moz PGM, in Measured plus Indicated mineral resources. New Discovery in 2015. Summer Surface Exploration ongoing and a Fall 2016 drill program to follow-up.
  • Lithium Canada: formed April 2016, with a focus on Exploration of Hard Rock Lithium, in Manitoba, Canada and Lithium Brine in Nevada. The company uses the Prospector Generator Model.

The company recently completed 2/3 of its C$1.5 million placement in June 2016 and is currently placing approximately C$500,000 at C5.5 cents with a full two year warrant at C10 cents for the first year and C20 cents for the second year

River Valley PGM Project

Largest Undeveloped Primary PGM Deposit in Canada

River Valley PGM Project is located 100 km east of Sudbury, Ontario

  • Sudbury hosts 1 of the Top 4 Nickel, Copper & PGM Mining & Processing Facilities , in the World
  • Skilled Workforce, Established Mining Culture; Safe, Stable Pro-Mining Jurisdiction
  • Excellent Road Access to River Valley Property; Rail and Power Nearby
  • $30M Invested in Exploration, Large High-Confidence Resource, Favourable Metallurgy
  • High Grade Drill Hole Discovery March 2015

Mineral Resources – Project has had Five, 43-101 Reports

 

  • May 2012 Measured Resources: 26 Mt @ 1.4 g/t Palladium equivalent at cut-off grade ≥0.8 g/t Palladium equivalent for 0.7 Moz PGM plus Gold.
  • May 2012 Indicated Resources: 66 Mt @ 1.4 g/t Palladium equivalent at cut-off grade ≥0.8 g/t Palladium equivalent for 1.7 Moz PGM plus Gold.
  • May 2012 Measured + Indicated Resources: 91 Mt @ 1.4 g/t Palladium equivalent at cut-off grade ≥0.8 g/t Palladium equivalent for 2.4 Moz PGM plus Gold
  • May 2012 Inferred Resources: 36 Mt @ 1.1 g/t Palladium equivalent at cut-off grade of 0.8 g/t Palladium equivalent for 0.6 Moz PGM plus Gold
  • (see www.PFNCapital.com for Details and Notes on the Resource Estimate)
  • Mineral Resources covered by Mining Leases (21-year Renewable Term)
  • Concentrate Grades: 16% Cu, 189 gpt PGM; Recoveries: 84% Cu, 69% PGM;
  • No Deleterious Metals or Minerals

August 2016 PFN Announces Acquisition of the River Valley PGM Extension Project from Mustang MineralsCorp.

  • Strike Length of PFN’s River Valley Deposit Increased from 12 km to 16 km
  • Mustang’s surface grab samples returned Assays of up to 10 g/t PGM
  • Drilling Highlights Include:
  • 1.4 g/t PGM/9.0m in MR02-59 from 35m downhole
  • 4.0 g/t PGM/2.1m in MR02-62 from 153.7m downhole
  • 2.2 g/t PGM/4.5m in MR02-64 from 60.5m downhole
  • PGM mineralization is Open at Depth and footwall potential remains untested
  • T2-like Targets identified from Favourable Geological and Geophysical Surveys
  • Targets under evaluation for drill testing


  • The Tanco Mine was one of North America’s only
  • producers of Tantalum, Cesium and Lithium minerals (Spodumene), with the mine opening in 1969. Owned by the Cabot Corporation as of 1993
  • Presently the Tanco Mine produces Cesium Formate, a completion fluid for the petroleum industry.
  • At the end of 1992 (last published historic mineral inventory) was 1.075 Mt of 0.12% Ta2O5, 3.5 Mt of 2.7% LiO2 and 315,000 t of 23.3% Cs2O

Clayton Valley Forks Lithium Brine Project, Clayton Valley, Nevada
Silver Peak

12 Month Stock Chart


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HPQ Provides Additional Update on Status of Gold Asset Spin-Off $HPQ.ca

Posted by AGORACOM-JC at 9:59 AM on Friday, September 16th, 2016

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Montreal, PQ / HPQ Silicon Resources Inc (“HPQ”) (TSX Venture: HPQ) is pleased to provide shareholders with the following update regarding the status of its Gold Asset spin-off.

SPIN OFF AND DIVIDEND OF GOLD ASSETS

Further to our press release of September 7, 2016 the spin-off of HPQ’s gold assets into a fully owned subsidiary is proceeding as follows:

  1. 1.The Corporation has retained the services Dr. Remi Charbonneau PhD (P. Geo) of Inlandsis Consultants to complete the required update of the Beauce Placer NI 43-101, which is required to qualify the property as a property of merit for the Listing Application of Beauce Gold Fields Inc. Dr. Charbonneau is a specialist in glacial till geology and gold placers. He has worked with junior and senior exploration companies, including Virginia Gold Mines and Goldcorp. He also worked on the Beauce project in 2012-2013, which will greatly streamline the process going forward.
  2. 2.The boards of both HPQ-Silicon Resources Inc and Beauce Gold Fields Inc are scheduled to meet at the beginning of October to approve all the relevant assets transfers and contractual agreements between the Companies and approve the Beauce Gold Fields Inc Listing Application with the exchange.
  3. 3.Once the Listing Application has been filed with the exchange and the necessary authorizations have been received, the Board of HPQ Silicon will be able to declare the Ex-dividend date.

Bernard Tourillon, Chairman and CEO of HPQ Silicon stated, “The spin off project is moving forward and we are encouraged by the continued strength of the price of gold and the market values being attributed to small cap gold companies, which we believe will unlock meaningful value for our shareholders receiving dividend shares in Beauce Gold Fields.”

OTHER CORPORATE MATTERS

Shares For Services Program

In accordance with the agreement between HPQ-Silicon and AGORACOM (see Uragold press release July 18, 2014), extended by both Parties for an additional year, from July 15, 2016 to July 15, 2017 under the same terms and conditions, HPQ-Silicon Board has approved the issuance of 49,560 common shares at a deemed price of $0.285 per share for the outstanding debt of $14,125 for services rendered during the period from May 16, 2016 ending July 15, 2016.

Options distribution

The Corporation has granted 400,000 stock options to a Director of the Corporation. The stock options are exercisable for a period of five years from the date of grant at an exercise price of $0.19 per share.

The options have been granted under and are subject to the terms and conditions of the Company’s Stock Option Plan.

Modification To Stock Option Plan

HPQ announces that its Board of Directors has approved the modification of the total number of shares that may be issued pursuant to its stock option plan, increasing it by 5,070,000 shares from 8,930,000 shares to 14,000,000 shares. The maximum number of common of shares that may be issued under the plan shall be equivalent to less than 10% of the issued and outstanding common shares of the Corporation. The modification is subject to regulatory approval

About HPQ Silicon

HPQ Silicon Resources Inc (Formally Uragold Bay Resources) is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value High Value Silicon Metal Company.

Our business model is focused on developing a disruptive solar grade silicon metal manufacturing process (patent pending) that can generate high yield returns and significant free cash flow within a short time line.

High Value Silicon Metal

HPQ Silicon is endeavouring to become a vertically integrated High Purity Silicon Metal (99.9+% Si), and Solar Grade Silicon Metal (99.9999% Si) producer.

In September 2015, PyroGenesis announced that it had filed for a provisional patent for the PUREVAPTM Quartz Reduction Reactor (QRR) process, which it noted was able to produce silicon, at a lower cost, while generating less CO2 emissions than current processes.

On April 19, 2016, PyroGenesis announced that early test results of the PUREVAPTM QRR process have demonstrated that it can transform high purity quartz into silicon metal.

On June 29, 2016, HPQ Silicon announced that first pass analytical process confirms the ability of the PUREVAPTM process to create high purity silicon metal exceeding 99.9%.

Samples from the first series of test have been sent to a specialized laboratory in the United States to determine the precise purity levels of the Silicon Metal.

On August 2, 2016, HPQ Silicon announced that it had:

  1. 1.Acquired the intellectual property rights to the PUREVAP(TM) process as it relates exclusively to the production of silicon metal from quartz. PyroGenesis retains a royalty-free, exclusive, irrevocable worldwide license to use the process for purposes other than the production of silicon metal from quartz.
  2. 2.Placed an order for the purchase a 200 metric ton/year PUREVAP(TM) QRR pilot system to produce solar grade silicon metal from HPQ Silicon quartz.

The PUREVAP(TM) QRR process’s disruptive advantage is its one step direct transformation of Quartz into High Purity Silicon Metal Solar Grade Silicon Metal and/or Higher Purity product, thereby potentially allowing HPQ Silicon to manufacture high value material for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Si (98.5% Si) using the traditional arc furnace approach.

The science behind the PUREVAP(TM) QVR is well demonstrated:

    • -Plasma arc based process can transform High Purity Quartz into MG Si.-Plasma arc based process can be used to purify MG Si into higher value SG Si.

      -Refining MG Si to SG Si using an electron-beam furnace in vacuum-processing environment has proven the concept of the elimination of impurities.

What is unique and ground breaking is the combination of these three proven processes into one step.

A Green And Clean Company

HPQ Silicon, with its PUREVAP(TM) QRR will also be implementing a process to make Sg Si, which is estimated to generate 14.1 kg CO2 eq/Kg SG Si, versus the 54.0 kg CO2 eq/Kg SG Si of emissions generated by the Siemens process (90% of the present production process). This represents 75% fewer greenhouse gas emissions, which is justified by elimination of the emissions emanating from the use of chemicals, as well as, energy consumption from the additional purification step.

High Purity Quartz Properties

HPQ Silicon is also the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Despite the abundance of quartz, very few deposits are suitable for high purity applications. High Purity Quartz supplies are tightening, prices are rising, and exponential growth is forecast. Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.

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 and CEO Tel (514) 907-1011
Patrick Levasseur, President and COO Tel: (514) 262-9239
www.HPQSilicon.com

Or

Carl Desjardins, Paradox Public Relations Inc., Tel (514) 341-0408

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American Creek Options the Ample Goldmax Gold Property $AMK.ca

Posted by AGORACOM-JC at 4:50 PM on Thursday, September 15th, 2016

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  • Entered into an option agreement with an arm’s length third party to acquire the Ample Goldmax gold property located in southern British Columbia, Canada
  • Ample Goldmax property package spans 1,044 hectares and is located approximately 8 km west of Lillooet along and adjacent to Highway 99 South along Cayoosh Creek
  • Property has a long but intermittent history of gold prospecting dating back to 1866 when coarse free gold was discovered in the lower reaches

CARDSTON, ALBERTA–(Sept. 15, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek” or “the Corporation”) is pleased to report that it has entered into an option agreement with an arm’s length third party to acquire the Ample Goldmax gold property located in southern British Columbia, Canada.

The Ample Goldmax property package spans 1,044 hectares and is located approximately 8 km west of Lillooet along and adjacent to Highway 99 South along Cayoosh Creek. The property has a long but intermittent history of gold prospecting dating back to 1866 when coarse free gold was discovered in the lower reaches of Cayoosh Creek. Prospecting naturally led upstream and in 1887 the first lode gold in bedrock was found. In 1897 the Golden Cache (Ample) mine started small scale gold production which continued until 1901.

Past historical work on the property by Homestake included the mapping of eight underground workings and also the identification of at least 10 known mineralized zones over a strike length of 3 km primarily hosting native gold with or without sulphides in mesothermal quartz vein stockworks, gold and various amounts of silver in sulphide zones, and areas with lower grade bulk tonnage disseminated type gold. Homestake conducted a small diamond drill program in 1996 and reported several intersections of gold at shallow depth including 11.76 g/t over 8.2 meters which included 1.2 meters of 66.84 g/t gold (containing visible gold) and another intersection of 21 meters of 2.75 g/t gold (December 16, 1996 Aris Report 24742.

A report prepared for Homestake by Kuran and McLeod (1997) reports that grab samples from the mine area returned up to 118 g/t gold with surface chip samples up to 6.9 g/t gold over 3 meters.

The property is being acquired through a four year option agreement with terms/payments as follows:

Year one:
$7,000 cash within 5 business days of TSX-V approval.
100,000 American Creek common shares within 10 days of TSX-V approval.
A minimum of $15,000 of exploration work conducted on the property prior to the one year anniversary of the agreement.

Year two:
$10,000 cash
200,000 common shares
$25,000 work commitment

Year three:
$15,000 cash
250,000 common shares
$75,000 work commitment

Year four:
$30,000 cash
300,000 common shares
$100,000 work commitment

The vendor will retain a 25% bulk sample royalty on any net profits American Creek receives from the extraction of a bulk sample as well as a 3% NSR which can be fully bought out anytime for $500,000 per each 1%.

All cash payments, share payments and work commitment amounts may be accelerated at American Creek’s choosing.

All shares issued under this option agreement will be subject to a statutory 4 month hold period.

This agreement is subject to approval by the TSX Venture Exchange.

Darren Blaney, American Creek President & CEO stated: “We have been wanting to acquire the Ample Goldmax property package for quite some time and after almost a year of negotiating, which included the amalgamation of four separate Cayoosh Creek properties, have finally put a deal together. This is a strong addition to the Corporation’s gold and silver property portfolio.”

About American Creek

American Creek is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.

In addition to this new acquisition, the Corporation has a portfolio of gold and silver properties in various regions of the province:

Treaty Creek property – American Creek holds a 20% fully carried interest to production in the Treaty Creek JV with operator Tudor Gold Corp (“Tudor”) holding a 60% interest and Teuton Resources Corp. holding the remaining 20%. An extensive magnetotelluric geophysical survey was recently completed and Tudor is currently conducting a diamond drilling program on the property. The Treaty Creek property is located in the “Golden Triangle” of northwestern BC immediately adjacent to Seabridge Gold’s KSM deposit.

Electrum property – American Creek holds a 40% interest in the Electrum JV with operator Tudor holding a 60% interest. The property is located in the “Golden Triangle” of northwestern BC between Pretivm’s Brucejack gold deposit located 25 km to the north and the past producing Premier gold mine 20 km to the south. A diamond drilling and trenching program is currently being conducted by Tudor on the property.

Gold Hill property – American Creek holds a 100% interest in the Gold Hill property located east of Fort Steele, BC in the Boulder Creek watershed. The Wildhorse River, to which Boulder Creek is a headwater tributary, is the site of one of Canada’s biggest historic gold rushes with approximately 42 tonnes of placer gold reportedly being recovered from the Wildhorse below the confluence of Boulder Creek. A field mapping and sampling program is currently being conducted on the property.

Austruck-Bonanza property – American Creek holds a 100% interest in the Austruck-Bonanza property located approximately 50 km north of Kamloops, BC. The property is immediately adjacent to WestKam Gold Corp.’s Bonaparte Project and is in very close proximity to the Bonaparte pit. In July of 2016, WestKam reportedly began a 10,000 tonne bulk sample program to further test near-surface high grade gold veins. American Creek is watching the WestKam Bonaparte program closely and is in the process of planning further exploration on the property.

Silvershot property – American Creek holds a 100% interest in the Silvershot property also located in BC’s “Golden Triangle” approximately 7 km northeast of Stewart. The property is near the past producing Portland Canal mine and also the historic Dunwell gold/silver mine.

D1-McBride property – American Creek holds a 100% interest in the D1-McBride property located 64 km southeast of Dease Lake, BC. The property hosts the Discovery showing with high grade gold, silver, lead and zinc.

As announced yesterday, American Creek has also just optioned three additional properties – the Glitter King, Silver Side and Red Tusk.

Information relating to the Corporation is available on its website at www.americancreek.com.

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.

American Creek Resources Ltd.
Kelvin Burton
403 752-4040
[email protected]
www.americancreek.com

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Namaste Signs Definitive Agreement to Acquire URT1 Limited and Forms World’s Largest E-Commerce B2C Vaporizer Company $N.ca

Posted by AGORACOM-JC at 12:18 PM on Thursday, September 15th, 2016

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  • Definitive Asset Purchase Agreement with URT1 Limited
  • Creating the world’s largest e-commerce company focused on sales of vaporizers and accessories
  • Unaudited 12 month trailing revenues were approximately C$3.2 million for the period ended August 31, 2016
  • Gross profit margin of 53%.
  • In business since 2000
  • Acquisition positions Namaste as the LARGEST business to consumer e-commerce retailer of vaporizers and accessories globally
  • Combined proforma unaudited 12 month trailing revenues of approximately C$10 million for the period ended August 31, 2016, total monthly site traffic of over 550,000 visitors

Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N)(FRANKFURT:M5BQ) reports that it has entered into a Definitive Asset Purchase Agreement (the “Agreement”) with URT1 Limited and its wholly owned US subsidiaries (collectively referred to as “URT1”) to create the world’s largest e-commerce company focused on sales of vaporizers and accessories. This most recent acquisition, in combination with the acquisition of VaporSeller, reiterates Namaste’s strategic position as the leading consolidator of the industry.

URT1 is one of the top 5 domains in the world for the sale of vaporizers, pipes and accessories. The company operates two websites, www.everyonedoesit.com and www.everyonedoesit.co.uk, and retails through select third-party marketplaces. Unaudited 12 month trailing revenues were approximately C$3.2 million for the period ended August 31, 2016 with a gross profit margin of 53%. URT1 has been in business since 2000.

Strategic Rationale

The strategic rationale for the transaction includes:

  • The acquisition positions Namaste as the largest business to consumer e-commerce retailer of vaporizers and accessories globally, with combined proforma unaudited 12 month trailing revenues of approximately C$10 million for the period ended August 31, 2016, total monthly site traffic of over 550,000 visitors. The combined company will operate 26 websites in 20 countries with distribution centers in North America, South America, Europe and Asia Pacific.
  • The combined company will have over 3,000 products for sale; the largest product offering of any company in the industry. The complementary product offerings of both companies creates significant revenue expansion potential through cross selling across all sites. In addition, Namaste will utilize its proven search engine optimization strategies to enhance site traffic, conversions and average selling prices of URT1. URT1 currently converts its traffic at 0.8% in the US compared to Namaste at 2.2%. Improving URT1’s conversion rate to 1.6% would double the revenue of the site, which currently generates 75% of URT1’s revenues.
  • The higher gross margins of URT1 are beneficial to the gross margins of the combined entity. The opportunity to further improve the gross margin will result from increased buying power with the existing vendor base and focus on private label sales. The combined entity will generate a gross profit margin of over 40%.
  • Further profit contribution is expected from the reduction in overhead costs, which will enhance earnings before interest, depreciation and amortization. This is due to a shared technology and e-commerce platform, lean centralised management team, and outsourcing of staff functions to India. The resulting increased cash flow generation creates a financial platform for further industry consolidation.
  • Following from the acquisitions of VaporSeller and URT1, revenues for the fiscal year ending August 31, 2017 are expected to be C$15.7 million and C$24.9 million for the fiscal year ending August 31, 2018. It is expected that the company will generate positive earnings before interest, depreciation and amortization by December 31, 2016. It is anticipated that Namaste’s revenues will increase in line with projected growth for the industry of 35% per year for the period 2014 – 2020 (Source: Wells Fargo Research).
  • The transaction broadens the management and board profile of the Company with the addition of experienced executives with extensive global industry expertise. Namaste will benefit from decades of financial, accounting, and administrative experience, and deep relationships with product vendors that URT1 has cultivated since 2000.

Terms of the Transaction and Conditions to Closing

Pursuant to the terms of the Agreement, Namaste will acquire all the website domains, the customer list of over 40,000 individuals, the vendor list of over 197 vendors, intellectual property and related technologies, in exchange for common shares of Namaste. The purchase price will be calculated as one-times the 12-month trailing gross revenue of URT1, subject to adjustments for inventory, wind down costs, and assumed liabilities including a secured note of approximately C$500,000 to be transferred at closing of the transaction. The purchase price will be funded by issuing Namaste common shares at a deemed value of C$0.12.

Closing of the transaction is subject to the following:

  • Receipt of all director and requisite regulatory approvals relating to the transaction, including without limitation, CSE approval if required;
  • Completion of all financial and legal due diligence; and
  • Completion of a minimum capital raise of C$1,500,000 on satisfactory terms to both parties.

Liberty North Capital Corporation is acting as an advisor to URT1 in connection with the transaction.

Management and Board Appointment

Upon completion of the transaction, Philip van den Berg will be appointed as Chief Financial Officer and Director, Kiran Sidhu will be appointed as an Independent Director and Cameron Guerrero will join as Executive Director, Merchandising and Global Operations.

Philip van den Berg graduated cum laude in economics in 1985 at the University of Amsterdam. After graduating, Mr. van den Berg joined Pierson, Heldring & Pierson in the Netherlands as investment analyst. Most of his experience on the sell side was with Goldman Sachs in London where he joined when its European equities division was established in 1987. In 1995 Philip went to Deutsche Morgan Grenfell to participate in re-establishing its European equities division. During his career on the sell-side, he held various positions within research departments as investment analyst, supervisory analyst, member of the investment policy committee and head of research. In 1997 Philip moved to the buy-side as co-founder of Olympus Capital Management, one of the first European hedge funds (long short equity). In 2006 Philip co-founded Taler Asset Management, a wealth management company based in Gibraltar. Currently Philip is a non-executive director at Taler. Since 2014 Philip has been an active investor in various start-up companies in Europe and the US where he has held positions as director and CFO, including Golden Leaf Holding (CSE:GLH) and URT1. He has implemented corporate governance and administrative systems, has been involved in a number of capital market transactions, oversaw a public listing and has been involved in mergers and acquisitions.

Kiran Sidhu graduated with and A.B. honors in computer science in 1985 from Brown University and an MBA in Finance from the Wharton School of Business in 1987. Mr. Sidhu was a manager with Price Waterhouse’s strategic consulting group in Los Angeles and a senior associate with Merrill Lynch Capital Markets in mergers and acquisitions in New York. Mr. Sidhu served as CFO of On Stage Entertainment and oversaw its initial public offering on NASDAQ. On Stage was subsequently sold to McCown De Leeuw & Co. Mr. Sidhu was a founder and the finance director of Nano Universe PLC where he oversaw its listing on the LSE-AIM. In 2003 he built Aspen Communication located in New Delhi, India into an outsourcing company skilled in e-commerce fraud detection, accounting, customer and systems support and data analytics to large customers included Party Gaming (LSE:PRTY). Mr. Sidhu currently serves as CEO of URT1.

Cameron Guerrero has over 14 years of retail e-commerce and IT experience. He has worked for several technology and e-commerce companies, including 10 years at Fortune 500 ranked Zappos.com. Throughout his career, he has gained experience in several core e-commerce functions, including warehouse operations, purchasing, systems configuration and training, site merchandising, marketing, and customer service. As Buying Manager at Zappos.com, he managed a buying team with portfolios totaling US$25 million and received several awards for achieving millions of dollars in incremental sales growth. Throughout his career, he has successfully led international and domestic teams on large scale systems integrations including the integration between Zappos.com and parent company Amazon.com. Currently, Mr. Guerrero leads the operations of URT1, as Director, Merchandising and Global Operations.

Darren Collins will remain with the Company as Executive Vice President, Corporate Development.

Management Commentary

Mr. Sean Dollinger, President and CEO of Namaste, comments: “The acquisition of URT1 represents the realization of our objective to become the largest business to consumer e-commerce company focused on vaporizers and accessories. This transaction also further solidifies our position as the leading consolidator of the industry, provides a scalable and profitable platform for further consolidation, brings new product lines to our company, and strengthens our board and management team. I would like to thank all those individuals responsible for bringing this transaction together and look forward to working with the management of URT1.”

About URT1

Founded in 2000, URT1 Limited is one of the longest standing and best known online retailers of vaporizers, pipes and accessories in the UK. The company operates the web portals www.everyonedoesit.com and www.everyonedoesit.co.uk and carries over 2,500 products, including the latest vaporizers, pens, water pipes and an extensive line of accessories, which is one of the largest product selections available in the industry.

About Liberty North Capital Corporation

Liberty North Capital Corp. (“Liberty North”) is a transaction oriented, private investment banking firm, with offices in Toronto and Montreal. Established in response to the demand for high quality banking, merger and acquisition, and advisory services for small cap companies, Liberty North offers hands-on investment banking experience emphasizing practical and innovative solutions necessary to complete transactions in today’s sophisticated financial markets. Liberty North is also an Exempt Market Dealer registered in the provinces of Ontario and Quebec.

About Namaste Technologies Inc.

Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 e-commerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.

On behalf of the Board of Directors

Sean Dollinger, Chief Executive Officer

Further information on the company and its products can be accessed through the link below:

www.namastetechnologies.com

www.namastevaporizers.com

www.namastevaporizers.co.uk

www.vaporseller.com

FORWARD LOOKING INFORMATION

This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions. Namaste assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.

Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com.

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release

Contact Information

Namaste Technologies Inc.
Suite 2300 – 550 Burrard Street
Vancouver, BC, V6C 2B5
Main: + 1 (786) 389-9771
+ 1 (604) 685. 8045 (FAX)
[email protected]
www.namastetechnologies.com

 

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Namaste Technologies Inc. (N:CSE) Halted, Pending News $N.ca

Posted by AGORACOM-JC at 8:08 AM on Thursday, September 15th, 2016

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TORONTO, Sept. 15, 2016 /CNW/ – The following issues have been halted by IIROC:

Company: Namaste Technologies Inc.

CSE Symbol: N

Reason: Pending News

Halt Time (ET): 7:43 AM ET

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

IIROC Inquiries 1-877-442-4322 (Option 2) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.Copyright CNW Group 2016

 

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FEATURE: #1 Vaporizer Distributor in Europe, $5.8M USD of Revenue Run Rate $N.ca

Posted by AGORACOM-JC at 5:25 PM on Wednesday, September 14th, 2016

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  • #1 vaporizer distributor in Europe
  • $5.8M USD of revenue run rate
  • Proprietary products launched
  • Perfect market timing for expansion

  • International ecommerce distribution
  • 30+ International based portals
  • 10 Languages
  • Proprietary vaporizer products
  • Targeting organic growth at 100% per year
  • Sourcing accretive M & A transactions

Regulation

  • Decriminalization and destigmatization of marijuana for medical and recreational use in US, Canada and Europe
  • Vaporizers have lower regulatory burden than growers

Health Advantages

Technical Advances

  • Improved mobility from reduced size of vaporizers
  • Ability to handle liquids, resins and plant matters
  • Conduction, convection, induction technologies
  • Mobile connectivity
  • Increasingly becoming part of the internet of things

 

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