Agoracom Blog

Garibaldi Closes $1,250,000 Financing

Posted by AGORACOM-JC at 5:09 PM on Monday, December 22nd, 2014

VANCOUVER, Dec. 22, 2014  – In preparation for a dynamic exploration season in British Columbia in 2015, Garibaldi Resources Corp. (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to announce that it has closed a non-brokered private placement of 5,953,310 flow-through units at $0.21 cents per unit (see details below) for gross total proceeds of $1,250,000 CDN. This strategic financing will be used to further advance the Company’s B.C. properties including the Canadian flagship Grizzly Project in the Sheslay district.

“Exceptional results from Garibaldi’s Rodadero discovery in Sonora State and our La Patilla Gold Project in Sinaloa State already ensures that our shareholders have a great deal of exciting news to look forward to, near-term and throughout 2015, from ongoing exploration in Mexico which is accelerating,” stated President and CEO Steve Regoci. “Additionally, Garibaldi management believes strongly in the significant leveraged opportunity offered shareholders by the Company’s portfolio of B.C. properties led by the Grizzly. We have the means to unlock the value in these excellent prospects during 2015 which will build on our success in Mexico.”

Garibaldi B.C. Projects Overview

Grizzly Project

A comprehensive NI-43-101 Technical Report on the Grizzly Cu-Au Porphyry Project is currently being completed by C.J. Greig & Associates Ltd. following successful 2014 programs that have further refined preliminary drill targets along with identifying new ones over a northwest-trending mineralized corridor that stretches for 30 km. The Company has been granted a multi-year permit for drilling at the Grizzly from the B.C. Ministry of Mines.

Garibaldi has expanded the Grizzly to 272 sq. km through staking to extend the western border of the Grizzly West porphyry by 1 km. Significant drilling discoveries 10 km apart at the Star and Hat porphyries contiguous to Grizzly are strong evidence as to the scale of mineralization in this district. A new drill program recently commenced at the Hat Property as reported by Doubleview Capital Corp. Dec. 12, 2014.

King

Exploration targets at the 1700 hectare King Property, approximately 10 km north-northeast of the past producing high-grade Snip Mine in the Eskay Creek region, range from high-grade gold to high-grade silver-lead-zinc. Recent power and infrastructure projects have significantly improved access to the claim area. Four mineralized zones are considered highly prospective for potential new discoveries on this under-explored property.

Red Lion

The Red Lion Property, 60 km south of AuRico Gold’s Kemess mine in north central B.C., is contiguous to the northern border of Kiska Metals’ Kliyul Cu-Au Porphyry Project under option to Teck Resources Ltd. Kliyul has yielded promising results from drilling including 76 m of 1.16 g/t Au and 0.33% Cu, and 218 m of 0.52 g/t Au and 0.23% Cu.

Garibaldi’s initial land position at Red Lion, characterized by extremely strong Cu-Au stream sediment geochemistry in both RGS and follow-up proprietary surveys, was increased recently to a total of 45 sq. km with additional staking covering a broad, high-tenor Cu-Au soil geochemical anomaly.

Access and infrastructure at Red Lion are excellent with the power line to the Kemess South mine only 3 km away.

MSM

The MSM prospect, comprising 58 sq. km, is located approximately 50 km northeast of Imperial Metals’ Red Chris mine and is underlain by similar Triassic and Jurassic volcanic and plutonic rocks. At least eight Cu-Ag-Au showings have been documented on the property. During this year, Garibaldi compiled all previous exploration data, interpreted satellite imagery lineaments, conducted an airborne magnetic survey and collected stream sediment geochemical samples in preparation for more detailed ground work that will help identify potential drill targets.

Tora Tora

Garibaldi’s Tora Tora Property near Princeton, 25 km north of the producing Copper Mountain mine, is largely overburden covered but features a prominent circular shaped magnetic anomaly which management believes may be the expression of a buried intrusive body. The company is following up on last year’s aeromagnetic survey of this distinct target located 2 km west of Sego Resources’ 2012 discovery hole (DDH-12-21, 100.4 m of 0.95% Cu, 0.55g/t Au and 3.5 g/t Ag).

Black Gold

Garibaldi’s Black Gold claims near Grand Forks, British Columbia, are potentially suitable for extraction of dimension stone quality “black granite”. The Company continues to examine ways to unlock the value of this legacy asset.

Private Placement Details

The flow-through private placement consists of units of the Company’s securities at a price of $0.21 per unit. Each unit contains one flow-through share in the capital of the Company and one-half of a non-transferable share purchase warrant with each full warrant entitling the holder to acquire one additional common share of the Company at a price of $0.30 for a period of 18 months. Secutor Capital Management Corporation acted as exclusive finder in connection with this non-brokered private placement and was paid a cash commission of $87,500 CDN. The units from this private placement are subject to a hold period and may not be traded until April 23, 2015. The proceeds from the private placement will be used for exploration of the Company’s B.C. properties.

Qualified Person

Carl von Einsiedel, P.Geo., a non-independent geological consultant and a Qualified Person as defined by NI-43-101, has reviewed this news release and approved the content thereof.

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and British Columbia.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: “Steve Regoci”

Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.

SOURCE Garibaldi Resources Corp.

GARIBALDI RESOURCES CORP., 1150 – 409 Granville Street, Vancouver, BC V6C 1T2, Telephone: (604) 488-8851, Web site: GaribaldiResources.comCopyright CNW Group 2014

 

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$2.3b ‘Omagine’ project to create 1,000 jobs for Omanis

Posted by AGORACOM-JC at 12:00 PM on Monday, December 22nd, 2014

Omagine to develop $2.5 billion tourism, real estate project in Oman

Muscat: The master plan process for the $2.3 billion ‘Omagine’ project will begin in January, 2015.

“First we will go through a “design thinking” process for a few weeks and then we will start the master plan process,” said Frank Drohan, Managing Director of Omagine LLC. The project is expected to create more than 1,000 jobs for nationals when completed in five years’ time, according to Drohan.

Located in Al Hail and close to Muscat International Airport, Omagine (the name combines the words: “Imagine Oman”) will feature seven pearl-shaped buildings(the Pearls), each with a theme centred on the great cultural, historical and scientific ideas of the world, including Oman’s varied history and culture.

“There will be two (possibly three) hotels as well as serviced apartments and chalets, a boutique mall, an open air amphitheatre, exhibition venues, a harbour and marina area, offices and more than 2,000 residences besides a large number of eateries and restaurants and coffee shops,” Frank Drohan told the Times of Oman in an exclusive interview.

Omagine LLC signed a long-awaited development agreement with the Oman government on October 2 and the project will be developed on 1m sqm of beach front land in Al Hail.

Omagine Project’s most unique aspect, expected to become Oman’s landmark, will be a high culture park venue consisting of seven Pearl shaped buildings, each with a different theme: Oman – Culture – Energy – Innovation – Earth – Sea – Sky.

The pearls will feature elegantly inspirational visitor entertainment experiences designed by world-class architects and entertainment content designers. Under the agreement, Omagine LLC will design, finance, build, market and operate the project.

The shareholders of Omagine LLC are Omagine, Inc., Consolidated Contractors Co (CCC), and Royal Court Affairs. The CCC will be the general contractor for the Omagine project.

“Omagine will entertain while subtly unveiling the true story of Oman and its heritage, world culture and modernity, innovation and imagination, energy, sea earth and sky. We are honoured that the RCA is an Omagine LLC shareholder,” said Drohan.

“We feel a special duty and obligation towards the RCA to deliver a high degree of excellence of design – and we will do so,” added Drohan.

He also said that based on the initial concept designs, the pearl-shaped building has been conceived in a stunning fashion.

“They will be set at vantage points across a boardwalk shaped in a way that gives the project its distinctive design ethos in the form of the ‘Fibonacci Spiral’.

Apart from mathematics, Fibonacci also has roots in Islamic planning processes,” he added.

The most preferred landscape of Oman will be built in six to seven phases.

“The final phasing plan is now being developed, but it envisions a hotel and Pearls coming up early, followed by residential units,” he said.

Drohan believes that falling oil prices will not have any significant impact on the project.

“There will be no delay in this project as it is all privately financed and does not rely on government funding,” he said.

Regarding potential residents at Omagine, he mentioned that a large number of Omani and GCC nationals have already started expressing interest. “Besides that, we will target the expat community in Muscat areas,” he said.

He also said that they had already spoken to two five star hoteliers who have shown a huge interest in this property.

“They were ecstatic when we told them about this project as this will be an iconic landmark project not only for Oman – but in the GCC countries and beyond as well,” he said.

Regarding the CCC, a leading construction company in the Sultanate, which also holds a fifteen per cent stake in Omagine, he said: “The CCC Oman is experienced in all aspects of the construction business and regularly constructs large scale projects of the magnitude of the Omagine Project.”

The launch date for residential and commercial sales is 2016.

Reporter can be reached at [email protected]

Source: http://www.timesofoman.com/News/44557/Article-$2%203b-%E2%80%98Omagine%E2%80%99-project-to-create-1-000-jobs-for-Omanis

 

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ViPova(TM) by Lexaria Announces New President

Posted by AGORACOM-JC at 8:00 AM on Monday, December 22nd, 2014

KELOWNA, BC / December 22 , 2015 / Lexaria, Corp. (LXRP) (CSE:LXX) (the “Company”), as part of its broader business transition into the alternative health industry, is pleased to announce it has hired Tom Ihrke as President of its U.S. subsidiary to oversee the rollout and sale of its ViPova(TM) brand, CBD infused teas. Lexaria has also named Tom as Executive Vice President of U.S. Operations of Lexaria Corp.

Tom has been working with Lexaria as a part time consultant over the last eight years. Tom’s extensive experience investing in and advising small companies will prove extremely valuable to Lexaria as it enters the exciting and fast growing alternative health industry. In addition to advising Lexaria with its business strategy and capital market activities Tom will oversee all aspects of the ViPova Brand, including the day to day business, operations, sales and marketing. The company’s goal is to develop internationally recognized lines of healthy food and beverage products, initially focusing on tea and coffee.

“I’m very pleased to welcome Tom to our executive management team. He is a highly skilled and effective manager who is clearly able to take ViPova(TM) to another level, and help us as we expand our brands and offerings in the CBD sector,” said Chris Bunka, CEO of Lexaria Corp.

ViPova(TM) uses only legal CBD oil extracts, grown from legal hemp in locations where it is legal to do so, in ViPova(TM)-branded tea. ViPova(TM) uses its patent-pending process to infuse concentrated amounts of CBD within lipids in its tea, providing more bioactivity and comfort to the body during the absorption process. Only ViPova(TM) has this ground-breaking technology for CBD/lipid infusion.

As well, Lexaria announces it has granted a total of 1,425,000 stock options to a number of executives, directors and consulting employees, all priced at US$0.11. The Company makes note that 850,000 existing options are due to expire on January 20, 2015 unless exercised before then.

All issued shares will be subject to a hold period, for any resale into the USA under Rule 144, of six months and one day. The share issuance is subject to normal regulatory approvals. The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

About Lexaria:
Lexaria’s shares are quoted in the USA with symbol LXRP and in Canada with symbol LXX. The company searches for projects that could provide potential above-market returns.

To learn more about Lexaria Corp. visit www.lexariaenergy.com.

Contact:
Lexaria Corp.
Chris Bunka
Chairman & CEO
(250) 765-6424

Forward-Looking Statement:
This release includes forward-looking statements. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. Access to capital, or lack thereof, is a major risk and there is no assurance that the Company will be able to raise required working capital. Current oil and gas production rates may not be sustainable and targeted production rates may not occur. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company’s public announcements and filings. There is no assurance that the medical marijuana, CBD sector, or alternative health businesses will provide any benefit to Lexaria, or that the Company will experience any growth through participation in these sectors. There is no assurance that existing capital is sufficient for the Company’s needs or that it will need to attempt to raise additional capital. There is no assurance that any cannabinoid-based product will promote, assist, or maintain any beneficial human health conditions whatsoever. No statement herein has been evaluated by the Food and Drug Administration (FDA). ViPova(TM) products are not intended to diagnose, treat, cure or prevent any disease.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Source: Lexaria Corp.

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Medical Marijuana Stocks Gateway: 
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Supreme Appoints John Fowler President & Director

Posted by AGORACOM-JC at 1:47 PM on Friday, December 19th, 2014

VANCOUVER, BRITISH COLUMBIA–(Dec. 19, 2014) – Supreme Pharmaceuticals Inc. (“Supreme” or the “Company”) (OTC PINK:SPRWF)(CSE:SL) is pleased to report that at its annual meeting today John Fowler was elected to the board of directors and appointed as the President of the Company. The Company has also added Dr. Youbin Zheng to its advisory board.

Mr. John Fowler, previously Director of Operations, was elected to the board of directors, and will be assuming the position of President of Supreme. Mr. Fowler began working in the medical marijuana sector over ten years ago. He pursued a career in law to assist medical marijuana patients with legal issues ancilliary to medical marijuana use. Most recently, Mr. Fowler practiced law at a prominent Toronto law firm. Mr. Fowler is committed to providing Canadians access to high-quality, low-cost medical marijuana and working with the medical community to improve physician education and support for medical marijuana.

Dr. Youbin Zheng, PhD, MPhil, MAg, Bag, has been appointed as the newest member of the Company’s advisory board. Mr. Zheng is currently an Associate Professor and Environmental Horticulture Chair, at the University of Guelph. He has many years of experience in horticulture research, especially in vegetable and ornamental plant production in controlled environments (e.g. greenhouses) in Canada, England, Japan and China. Recent research projects include greenroofs, urban agriculture, organic vegetable production in greenhouses, CO2 enrichment and its effects on photosynthesis, respiration, transpiration, nutrient uptake and crop production, irrigation and water treatment for sustainable horticulture, and the development of sustainable plant production systems. Mr. Zheng is a highly distinguished expert in the field of horticulture and will be a key advisor to the Company and its grow operations moving forward.

The Company has agreed to settle certain payment obligations pursuant to a consulting agreement by the issuance of 390,000 common shares of the Company on January 2, 2015.

FORWARD LOOKING INFORMATION

This news release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. 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. This news release includes forward-looking statements with respect to the up grading of the facility, the timing on completion of the MMPR License conditions and the start of production. 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 news 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 and such factors as the Company failing to finish the upgrading of the facility and put the same into production in accordance within the terms of the MMPR license. This news 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 harbour provisions of the Private Securities Litigation Reform Act of 1995.

Supreme Pharmaceuticals Inc.
Investor Relations
430 – 580 Hornby Street, Vancouver BC, V6C 3B6
604.674.2191
[email protected]
www.supreme.ca

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Robix Announces Construction of 10ft COV

Posted by AGORACOM-JC at 4:07 PM on Thursday, December 18th, 2014

LETHBRIDGE, ALBERTA–(Dec. 18, 2014) – Robix Alternative Fuels, Inc. (“Robix” or the “Corporation”) (CSE:RZX)(FRANKFURT:R0X) announced today that it has commissioned Rayco Steel to build a 10ft patented Clean Ocean Vessel (COV). Based on market analysis Robix has decided to commence construction of a 10ft COV. The 10ft COV is ideally suited to 21st century technology that can allow it to be controlled remotely or unmanned.

“Our market analysis and customer consultation with major companies in the oil and gas business has demonstrated a clear demand for the 10ft COV especially in tailing ponds applications,” commented Nathan Hansen, President and CEO of Robix. “The 10ft COV is simply a scaled down version of the 40ft unit that is currently being built by Rayco. We expect to have the 40ft COV ready for deployment and prove sea worthiness in January. Our goal is to get ahead of the anticipated demand for the 10ft COV model by starting construction now. I am confident in our market analysis and the demand for our unique product.”

About Robix:

The Corporation is an “industrial products/technology” company, offering to investors a unique opportunity to participate in a leading company in the business of ownership of patents, and their development from commercialization to worldwide expansion through various business arrangements. Robix owns a Clean Ocean Vessel (“COV”) patent, which is an oil spill recovery vessel design with the capability to recover oil in rough and debris laden sea conditions. Robix has recognized a worldwide market opportunity for effective containment, recovery and disposal equipment, particularly in the oil spill protection industry, and it proposes to develop a business model as a service provider, and/or equipment provider under licensing agreements with other industry participants, wherein Robix will use its COV patented design solution.

No stock exchange or any securities regulatory body has reviewed the contents of this news release.

This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company’s disclosure documents on the SEDAR website at www.sedar.com. The Corporation does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Robix Alternative Fuels Inc.
Nathan Hansen
President & CEO
250-683-8957
[email protected]

Robix Alternative Fuels Inc.
Robin Ray
Chief Financial Officer
403-327-3094
[email protected]
www.robixfuels.com

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CLIENT FEATURE: Robix (RZX: CSE) Revolutionary Patented Oil Spill Clean Up Technology

Posted by AGORACOM-JC at 2:43 PM on Thursday, December 18th, 2014

RZX: CSE

The Corporation is an “industrial products/technology” company, offering to investors a unique opportunity to participate in a leading company in the business of ownership of patents, and their development from commercialization to worldwide expansion through various business arrangements.

Highly Cost Effective – Clean Ocean Vessel

  • COV’s rapid recovery rate and large on-board storage result in low per barrel recovery cost.
  • COV’s simple design minimizes down time for repair and maintenance.
  • A two-man crew can be easily trained and the COV vessel can operate long hours without interruption
  • Selling COV products in the first half of 2015

Design Versatility

  • COV’S can be scaled to meet various application requirements (sizes range from 10 Ft., 20 Ft., 40 Ft., 80 Ft., 100 Ft. (references to length of vessel
  • A standard 40-foot COV is 40 feet in length, 26 feet in width, and 12 feet in depth
  • Recently completed the engineering drawings for the Clean Ocean Vessel (COV) and ordered critical components to initiate construction on the COV

Featured COV Technology

Recent Highlights

  • Signed an exclusive manufacturing agreement with Rayco Steel Ltd, to manufacture the Clean Ocean Vessel
  • Creating a new business division, through a subsidiary entity, to enter into the marine industry.
  • Announced that Rick Carson, of Montreal, PQ, has agreed to join Robix as a Strategic Advisor.
  • Announced that it intends to enter into an agreement with Rayco Steel Inc., wherein Rayco shall work on completion of engineering construction drawings for the anticipated construction of the first Clean Ocean Vessel.

How the COV compares to the competition:

  • Rates of oil recovered and recovery-throughput efficiencies are noted as “oil rate of recovery” (ORR) and “recovery efficiency” (RE).
  • The water surface lifting force generated by the COV’s patented contra-rotating drums acts in a suction or pumping manner that increases the ORR compared to conventional skimmer systems and the RE of the COV is in the 90-97% range. This is competitive with best in class 21st century technology in terms of ORR and RE.
  • Further improvements to the ORR (in terms of gallons per minute) could easily catapult the COV to “top three” status, by increasing the surface area of the drums through design modifications without impairing the stability of the vessel which is inherent to the COV design.
  • When our competitors’ skimmer systems meet waves above 18 inches, they are forced to suspend service. The COV operates in rough sea conditions (as high as 8 feet waves), significantly out-performing its competitors, and stands in a class of its own.

 

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INTERVIEW: Uragold Discusses Assay Results, Validated as Suitable for Silicon Metal and High Purity Quartz Applications

Posted by AGORACOM-JC at 11:32 AM on Wednesday, December 17th, 2014

UBR: TSX-V

Corrected SiO2 average for the 20 samples assayed is 99.65%, ranging from 99.37% to 99.86%. These results validate the fact that the Quartz material from the Roncevaux Property would make suitable feedstock for Silicon Metal production and applications requiring high purity quartz.

Uragold Bay Resources is a Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. The company’s business model is centered on developing mining projects suited for smaller-scale start-up, (Capex < C$10M), that will generate high yield returns (IRR > 50%).

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Lexaria Announces Name Change of PoViva Tea to ViPova(TM) Tea, and Provides Information on Hemp-Based Industry

Posted by AGORACOM-JC at 11:14 AM on Wednesday, December 17th, 2014

Kelowna, British Columbia–(December 17, 2014) – Lexaria, Corp. (OTCQB: LXRP) (CSE: LXX) (the “Company”) announces that, effectively immediately, it’s 51%-owned company formerly known as PoViva Tea, will now operate with the trade name of ViPovaâ„¢ Tea. Selling our products under the name of ViPovaâ„¢ is a branding strategy undertaken to ensure long term protection of intellectual rights.

The name change does not affect ownership, operational or any other material issues. However the name change has delayed the product launch by 1-2 weeks, so that ViPovaâ„¢ Tea is now expected to be available to be ordered by consumers around the first week of January.

Both Lexaria and ViPovaâ„¢ also wish to clarify some important distinctions about the Cannabidiol(CBD)-from-hemp industry within which ViPovaâ„¢ operates. Hemp based CBD is legal in all 50 states, as are hemp-based food products that can be purchased from national retailers like Whole Foods or Costco, and many regional food stores. Popular hemp food products include hemp cereal, seeds, milk, and oil.

Hemp based products contain very low thresholds of Tetrahydrocannabinol (THC) below government-imposed limits of less than 0.3%. At the same time, the CBD within hemp is NOT psychoactive and does not create feelings of euphoria. Hemp is grown legally in countries like Canada, England, New Zealand and parts of Europe, and is legally imported into the USA from these and other countries.

ViPovaâ„¢ uses only legal CBD oil extracts, grown from legal hemp in nations where it is legal to do so, in ViPovaâ„¢-branded tea. ViPovaâ„¢ uses its patent-pending process to infuse concentrated amounts of CBD within lipids in its tea, providing more bioactivity and comfort to the body during the absorption process. Only ViPovaâ„¢ has this ground-breaking technology for CBD/lipid infusion.

ViPovaâ„¢ has not entered, and has no plans to enter, the medical marijuana market whether located within the USA or in any other country. ViPovaâ„¢ is building a new company and product line focused exclusively on legal CBD products, which at this time are available only within the United States.

About Lexaria

Lexaria’s shares are quoted in the USA with symbol LXRP and in Canada with symbol LXX. The company searches for projects that could provide potential above-market returns.

To learn more about Lexaria Corp. visit www.lexariaenergy.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Lexaria Corp.
Chris Bunka
Chairman & CEO
(250) 765-6424

FORWARD-LOOKING STATEMENTS

This release includes forward-looking statements. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. Access to capital, or lack thereof, is a major risk and there is no assurance that the Company will be able to raise required working capital. Current oil and gas production rates may not be sustainable and targeted production rates may not occur. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company’s public announcements and filings. There is no assurance that the medical marijuana, CBD sector, or alternative health businesses will provide any benefit to Lexaria, or that the Company will experience any growth through participation in these sectors. There is no assurance that existing capital is sufficient for the Company’s needs or that it will need to attempt to raise additional capital. There is no assurance that any cannabinoid-based product will promote, assist, or maintain any beneficial human health conditions whatsoever. No statement herein has been evaluated by the Food and Drug Administration (FDA). ViPovaâ„¢ products are not intended to diagnose, treat, cure or prevent any disease.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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INTERVIEW: Stria Lithium Discusses Revolutionary Lithium Processing Technology

Posted by AGORACOM-JC at 10:06 AM on Wednesday, December 17th, 2014

SRA: TSX-V

WATCH INTERVIEW NOW!

  • Focused on the emerging green energy revolution, with a particular focus on Lithium.
  • Aiming to become one of the lowest cost producers in the world for battery- grade technology lithium through partnerships, licensing and joint ventures which are critical for high-technology green energy industries such as consumer electronics, energy storage and military.
  • Unveiled lithium procession technology that will provide the company with significant advantages.

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Mazorro Provides Update on GrowPros MMP Activities

Posted by AGORACOM-JC at 8:36 AM on Wednesday, December 17th, 2014

OTTAWA, ONTARIO–(Dec. 17, 2014) – Mazorro Resources Inc. (the “Company“) (CSE:MZO)(FRANKFURT:JAM) announces that, further to its press release November 6, 2014 announcing the signature of a definitive agreement with GrowPros MMP Inc. (“GrowPros“) and in anticipation of a successful closing of the proposed amalgamation (“Amalgamation“), management of GrowPros has provided the following update on its activities.

GrowPros is finalizing the second revision to its application for a license under the Marihuana for Medical Purposes Regulations (“MMPR“). These revisions are part of the normal review process and GrowPros is impressed by the expediency with which its file has been reviewed by Health Canada. In addition, GrowPros will be closing the previously-announced transaction for the purchase of 190 acres of agricultural land located 45 minutes North of Ottawa, Ontario which will house a 50,000 sq. ft. production facility with unlimited room for expansion. As a result, management of GrowPros advises that it expects to receive a ready to build authorization from Health Canada in the second quarter of 2015.

GrowPros also reports that it is currently in preliminary negotiations with companies in various service and supply segments of the cannabis production industry. Management of GrowPros advises that merging main stream business into the cannabis industry will be a major focus of GrowPros going forward. Accordingly, these opportunities should provide a higher return on investment for GrowPros and, ultimately, a quicker route to profitability than solely being an applicant or licensed MMPR producer. This is in line with GrowPros‘ philosophy as a medical marihuana consultation and acquisition firm.

As previously announced on December 3, 2014, the Company would like to remind shareholders that the special meeting of the Company’s shareholders to approve the (i) proposed change of business from mineral resource exploration to the medical marijuana industry and (ii) change of name to “GrowPros Cannabis Inc. / Entreprise GrowPros cannabis inc.” will be held on December 29, 2014 (the “Special Meeting“). A notice of meeting, management information circular, and form of proxy in respect of the Special Meeting has been sent to shareholders and is available under the Company’s profile on the CSE website and on SEDAR.

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 to complete the Amalgamation and change of business, failure to obtain sufficient financing, and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws. The Company disclaims any intent or obligation to update any forward-looking statement.

Mazorro Resources Inc.
André Audet
Interim President, CEO, and CFO
(613) 241-2332

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