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Namaste $N.ca $NXTTF closes acquisition of 10% share equity of Israeli-based cannabis producer Cannbit Ltd $ACB.ca $HIP.ca $WEED.ca $CMED.ca

Posted by AGORACOM-JC at 9:54 AM on Monday, June 18th, 2018

Namaste large new

  • Further to its January 18th, 2018 letter of intent, that the Company has signed a subscription agreement to acquire 10% of the issued share capital of Israeli licensed producer of medical cannabis, Cannbit Ltd

VANCOUVER, June 18, 2018 - Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N)(FRA: M5BQ)(OTCMKTS: NXTTF) is pleased to announce that further to its January 18th, 2018 letter of intent (“LOI”), that the Company has signed a subscription agreement (the “Agreement”) to acquire 10% of the issued share capital of Israeli licensed producer of medical cannabis, Cannbit Ltd (“Cannbit”) for NIS 2,500,000 or approximately CAD $908,000, which includes a combination of both cash and shares.

Subsequently, Cannbit has also signed a binding agreement to complete a merger with a company listed on the Tel Aviv stock exchange, whereby Cannbit will retain 85% ownership of the combined public entity, The Company believes that its investment will be immediately accretive in nature based on the valuation metrics of the transaction which consequently valued Cannbit significantly higher than what Namaste acquired its 10% equity stake for. In anticipation of closing this transaction, Namaste has established a supply arrangement with Cannbit to export cannabis to the Canadian market (subject to approval by Health Canada and the Israeli government), and will also engage with Cannbit to expand the Company’s Israeli-based vaporizer sales platform.

Namaste remains focused on establishing domestic and international supply arrangements and investments that will secure supply channels of high-quality medical cannabis for the Company’s wholly-owned subsidiary, Cannmart Inc. (“Cannmart”). This transaction validates our strategy of sourcing quality cannabis products abroad and introducing them to the Canadian market. Early signs indicate that international cannabis producers are eager to penetrate the Canadian market, and view Namaste as a valuable resource in expanding their market share on an international level. In a relatively short period of time, Namaste has managed to solidify its position as an innovator in e-commerce technology and will leverage its multiple supply arrangements to offer Canadian patients a more diverse offering of cannabis products while remaining focused on its overall vision creating a better user experience.

Management Commentary

Yaron Razon, co-founder and CEO of Cannbit comments: – “We are very pleased to have Namaste join as an investor in Cannbit. Namaste is a global leader in cannabis technology and their investment in Cannbit reinforces their confidence in our management team. We intend to work closely with Namaste to promote joint business activities in Israel and in Canada including the development of unique products and technologies.”

Sean Dollinger, President and CEO of Namaste comments: – “We are once again excited to be closing on another strategic business arrangement that is helping Namaste bring international awareness to its platform. We feel extremely excited to not only be working with a licensed Israeli producer but to be making a strategic long-term investment for the company and our shareholders. As a pioneer of cannabis research and development, we believe Israel will play an important role in the overall cannabis market and this transaction puts the Company in a great position moving forward. We feel very optimistic about the rate at which we have been able to close on many key initiatives and fully expect to continue accelerating our efforts to expand our product offering through our platform. We believe our platform offers many advantages over traditional e-commerce sites as we continue to build a revolutionary platform. As our world-class team continues to expand we fully expect to see more international relationships formed in our quest to offer our customers a truly unique.”

About Cannbit Ltd.
Cannbit is focused on growing high-quality medical-grade cannabis with advanced technology and agriculture platform while utilizing the best human resources to produce the highest level of quality available that will effectively treat a wide range of illnesses. The Israeli government is expected to approve the export of medical cannabis and Cannbit intends to become Israel’s leading exporter for medical cannabis to legal jurisdictions around the globe. Cannbit’s facility is 4,000 square meters with an additional 10,000 square meters available for expansion and is located in Neot Hakikar, an area well known in the Israeli agricultural community with clear advantages in the cold seasons. Our cultivation is carried out in a sophisticated greenhouse that provides ideal conditions for a variety of cannabis strains. Cannbit’s management is comprised of a group of industry professionals in relevant disciplines.

About Namaste Technologies Inc.
Namaste Technologies is a global leader in the sale of medical cannabis consumption devices. Namaste has nine offices with multiple distribution centers around the globe and operates over 30 websites under various brands. Namaste has developed innovative technology platforms including NamasteMD.com, Canada’s first ACMPR compliant telemedicine application. The company is focused on patient acquisition through NamasteMD and intends on building Canada’s largest database of medical cannabis patients. The company’s subsidiary, CannMart Inc. is an ACMPR Licensed Producer pending receipt of a “sales-only” license, whereby the company will offer a large variety of medical cannabis sourced from domestic and international producers. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.

On behalf of the Board of Directors

“Sean Dollinger”

Chief Executive Officer

Direct: +1 (786) 389 9771

Email: [email protected]

Further information on the Company and its products can be accessed through the links below:

NamasteTechnologies.com

NamasteMD.com

NamasteVapes.ca

Everyonedoesit.ca

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. Neither the TSX Venture Exchange nor its market regulator has reviewed or approved the contents of this press release.

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New Age Metals $NAM.ca /Azincourt $AAZ.ca Energy Begin $600,000 Field Exploration Program on Lithium Two Project, in South East Manitoba, Winnipeg River Pegmatite Field $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 9:58 AM on Thursday, June 14th, 2018

New age large

-The New Age Metal/Azincourt Option – Joint Venture is the largest claim holder of Lithium Projects in the Winnipeg River Pegmatite Field with over 14,000 hectares (34,800 acres). The Option/Joint Venture has eight projects in this large pegmatite field and are exploring for lithium-bearing pegmatites and Rare Metals.

– Field exploration is underway which includes further ground proofing to better outline drill targets on the Lithium Two Project. Past historical drilling has outlined the Eagle Pegmatite (one of several pegmatites on the project). In 1947 a previous operator reported, 545,000 tonnes of 1.4% Li2O drilled to 60 meters and which was reported as open along strike and to depth. The Eagle Pegmatite is not 43-101 compliant.

– Management feels based on the geological history of the Lithium Two Project, and more specifically the Eagle Pegmatite target, that it is drill ready but management also believes a more in depth field review and geological mapping and sampling program on this large pegmatite would help our technical team to better understand how to pinpoint the summer 2018 drill holes.

– The overall objective for the Lithium Two project is to complete a compliant NI 43-101 report by the end of Q1 2019.

– Field surface exploration will commence on the Lithman West Project as soon as the field team completes the work on Lithium Two. Lithium Two is one of the 3 the drill ready projects and is slated to be drilled later in the year.

– NAM’s Lithium Division has a minimum commitment of $600,000 for exploration and drilling in 2018 which is financed by NAM’s option/joint-venture partner Azincourt Energy Corp. (TSX.V:AAZ).

– NAM’s PGM Division: NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America’s largest undeveloped primary PGM Project.

June 14th, 2018 / Rockport, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) is pleased to announce that through its Lithium Division, Lithium Canada Developments (LCD) and joint venture partner, Azincourt Energy, that field exploration is proceeding and underway on the Lithium Two Project in southeast Manitoba.

The field crews have nearly completed the first phase of the 2018 surface field exploration on the Lithium Two Project (see figure 1). This project is situated in the active Cat Lake region of southeast Manitoba. The project contains several known lithium-bearing pegmatites (Figure 2) with the Eagle Pegmatite being the largest known to date.

Historical drilling (43-101 non-compliant) of the Eagle Pegmatite in 1947 reported, 545,000 tonnes of 1.4% Li2O drilled to 60 meters and opened along strike and to depth. Management feels based on the geological history of the project that it is drill ready but also felt a field review and geological mapping programs and on this large pegmatite would better help our technical team define the existing summer drill targets.

Given the fact The Eagle Pegmatite is traceable on surface up to approximately 1100 meters and up to 12 meters wide. NAM completed a detailed exploration program of the surface pegmatites in 2016 which returned assays up to 3.04% for LiO2 for the Eagle Pegmatite and 2.08% from the FD5 Pegmatite. The 2018 field program consisted of sampling, prospecting and mapping. Assays will be sent out after the completion of field work on the project. Surface exploration will continue onto other Lithium Projects in the joint venture. Drilling is slated for summer 2018.

All eight Lithium Projects in the option/joint venture are located in the Winnipeg River-Cat Lake Pegmatite Field. This field hosts the world-class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969 at the Tanco Mine. The Tanco Pegmatite is a highly fractionated Lithium-Cesium-Tantalum (LCT Type) pegmatite and numerous other Lithium-bearing pegmatites exist in the Pegmatite Field. The LCT-type pegmatites can contain large amounts of Spodumene (one of the primary ores used in hard rock Lithium extraction) and are a primary geological target in hard rock Lithium exploration. They also can contain economic qualities of Tantalum and Cesium as well as other Lithium bearing minerals such as Mica.

 


Click Image To View Full Size

Figure 1: Lithium Canada Development Southeast Manitoba Project Claim Outline: The Option/Joint Venture is the largest claim holder of Lithium Projects in the Winnipeg River Pegmatite Field with over 14,000 hectares (34,800 acres). Many of the projects have excellent infrastructure and a good ease of access.


Click Image To View Full Size

Figure 2: Geology Map of the Lithium Two Project

OPT-IN LIST

If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news or click here.

ABOUT NAM’S PGM DIVISION

NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America’s largest undeveloped primary PGM deposit with Measured + Indicated resources of 160 million tones @ 0.44 g/t Palladium, 0.17 g/t Platinum, 0.03 g/t Gold, with a total metal grade of 0.64 g/t at a cut-off grade of 0.4 g/t equating to 3,297,173 ounces PGM plus Gold and 4,626,250 PdEq Ounces (Table 1). This equates to 4,626,250 PdEq ounces M+I and 2,713,933 PdEq ounces in inferred (see May 8th, 2018 press release). Having completed a 2018 NI-43-101 resource update the company is finalizing its 2018 exploration programs which will include geophysics, and extensive drill programs, which are all working towards the completion of a Preliminary Economic Assessment (PEA). Our objective is to develop a series of open pits (bulk mining) over the 16 kilometers of mineralization, concentrate on site, and ship the concentrates to the long-established Sudbury Metallurgical Complex. On May 23rd, 2018, NAM’s board approved a Preliminary Economic Assessment (PEA) on River Valley Platinum Group Metals Project’s. Management is currently finalizing its selection of a 3rd party engineering company to complete this PEA. This will be the first economic study on the project. Alaska: April 4th, 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18th, 2018, NAM announced the right to purchase 100% of the Genesis PGM Project, NAM’s first Alaskan PGM acquisition related to the April 4th agreement. The Genesis PGM Project is a road accessible, under explored, highly prospective, multi-prospect drill ready Pd-Pt-Ni-Cu property.

The results of the new resource estimation are tabulated in Table 1 below (0.4 PdEq cut-off).

Class Tonnes

‘,000

 Pd (g/t) Pt (g/t) Rh (g/t) Au (g/t) Cu (%) Ni (%) Co (%) PdEq (g/t)
Total Measured 62,877.5 0.49 0.19 0.02 0.03 0.05 0.01 0.002 0.99
Total Indicated 97,855.2 0.40 0.16 0.02 0.03 0.05 0.01 0.002 0.83
Total Meas +Ind 160,732.7 0.44 0.17 0.02 0.03 0.05 0.01 0.002 0.90
Inferred 127,662.0 0.27 0.12 0.01 0.02 0.05 0.02 0.002 0.66
Class PGM + Au (oz) PdEq (oz) PtEq (oz) AuEq (oz)
Total Measured 1,440,248 1,999,575 1,999,575 1,136,930
Total Indicated 1,856,925 2,626,675 2,626,675 1,463,793
Total Meas +Ind 3,297,173 4,626,250 4,626,250 2,600,724
Inferred 1,578,367 2,713,933 2,713,933 1,323,809

Notes:

1. CIM definition standards were followed for the resource estimation.

2. The 2018 resource models used Ordinary Krig grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.

3. A base cut-off grade of 0.4 % g/t PdEq was used for reporting resources.

4. Palladium Equivalent (PdEq) calculated using (US$): $1,000/oz Pd, $1,000/oz Pt, $1,350/oz Au, $1750/oz Rh, $3.20/lb Cu, $5.50/lb Ni, $36/lb Co.

5. Numbers may not add exactly due to rounding.

6. Mineral Resources that are not mineral reserves do not have economic viability

7. The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.

ABOUT NAM’S LITHIUM DIVISION

The summer exploration plan has begun for the company’s Lithium Division. NAM has 100% ownership of eight pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba, with focus on Lithium bearing pegmatites. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holder for Lithium and Rare Metal projects in the Winnipeg River Pegmatite Field.

Lithium Canada Development is a 100% owned subsidiary of New Age Metals (NAM) who presently has an agreement with Azincourt Energy Corporation (AAZ) whereby AAZ will now commit on its first year a minimum of $600,000 in 2018. In its initial earn in AAZ may earn up to 50%, of the eight Lithium projects that are 100% owned by NAM. AAZ’s 50% exploration expenditure earn in is approximately $2.850 million and should they continue with their option they must issue up to 1.75 million shares of AAZ to NAM. NAM has a 2% royalty on each of eight Lithium Projects in this large pegmatite field. For additional information on the NAM/AAZ option/joint-venture and recent acquisitions (see the news releases dated Jan 15, 2018, May 2, 2018, May 10, 2018).

QUALIFIED PERSON

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

ADDITIONAL INFORMATION

Should you have additional inquiries, please contact Paul Poggione, Corporate Development, Tel: 1-613-659-2773, email: [email protected].

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

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

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Posted in All Recent Posts, New Age Metals, Small Cap Lithium Stocks | Comments Off on New Age Metals $NAM.ca /Azincourt $AAZ.ca Energy Begin $600,000 Field Exploration Program on Lithium Two Project, in South East Manitoba, Winnipeg River Pegmatite Field $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Monarques Gold $MQR.ca Confirms Pit Constrained Resource on its Mckenzie Break #Gold Project $MUX.ca $SII.ca

Posted by AGORACOM-JC at 9:48 AM on Thursday, June 14th, 2018

  • The mineral resource estimate for McKenzie Break was prepared for two scenarios:
    • Scenario 1: A pit constrained Indicated resource of 48,133 ounces and Inferred resource of 14,897 ounces, and an underground Indicated resource of 53,448 ounces and Inferred resource of 49,130 ounces, for a total of 165,608 ounces of gold.
    • Scenario 2: An underground Indicated resource of 85,059 ounces and Inferred resource of 58,373 ounces, for a total of 143,432 ounces of gold.
  • Monarques Gold now has a combined measured and indicated resource of more than 3 million ounces of gold (see table at the end of press release).

MONTREAL, June 14, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to report the results of a mineral resource estimate for its McKenzie Break gold project 35 km north of Val-d’Or, Québec. Monarques can acquire a 100% interest in the property from Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) over a four-year period (see press release dated December 21, 2017). The report was prepared by Alain-Jean Beauregard (P.Geo.) and Daniel Gaudreault (Eng.) of Geologica Groupe-Conseil Inc., and Christian D’Amours (P.Geo.) of GeoPointCom Inc., qualified persons as defined by NI 43-101. The estimate was prepared by GeoPointCom Inc. and is dated April 17, 2018.

Following a careful and detailed review of the old holes logs, and thanks to the 3D compilation of the drilling data, it was possible to identify about 11 new mineralized structures. These mineralized zones are located near, above and below the 12 Green and Orange zones and associated known sub-zones. With approximately 23 associated gold structures, it is now possible to consider the possibility of a pit-constrained operation as presented in Scenario 1.

“The results of this resource estimate are better than we anticipated, mainly due to the pit constrained potential,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “The pit constrained resource is easily accessible as the average overburden thickness is only 5 metres wide, meaning that we could put the McKenzie Break project into production relatively quickly. With our Beacon Mill less than 20 km away scheduled to restart in the last quarter of 2018, we could potentially use this resource as additional feed for the mill. We think this could be a cost-effective strategy for this project, and we will now work on increasing the potential of the pit constrained resource.”

The McKenzie Break property is located in an area with existing infrastructure and several mills. It has surface and underground infrastructure, including a ramp down to a depth of 80 metres below surface. The main Green and Orange zones were drilled on a tight grid to define the resource. The mineralization consists of multiple, narrow and at times anastomosing high-grade veins. Assay results can be erratic due to the nugget effect of the gold.

The database contains conventional analytical gold assay results for 258 surface diamond drill holes, as well as coded lithology from the drill core logs (except for the Series WD04 and WD05 holes). This represents 39,611 m of core for a total of 14,758 m assayed core. The database does not include results for QA/QC samples. At least one of the mineralized zones or the potential pit mineralized material covered by the estimate was intersected in 244 of the holes. This represents 3,411 intersections (including 1,817 in the mineralized zone) for 56,141 composites (including 5,488 in the mineralized zone).

The report covers two scenarios. The first scenario has two elements: a proposed pit constrained operation for the near-surface mineralized material and an underground operation for the remaining zones deep underground. The second scenario contemplates an underground operation only.

Scenario 1: Pit Constrained and Underground Resource
Zone Category Cut off Au (g/t) Tonnes Ounces Category Cut off Au (g/t) Tonnes Ounces
Pit Constrained Indicated 0 0.69 2,536,066 56,193 Inferred 0 0.16 4,241,555 21,922
Pit Constrained   Indicated 0.52 1.59 939,860 48,133 Inferred 0.52 1.52 304,677 14,897
Pit Constrained Indicated 0.6 1.70 854,780 46,610 Inferred 0.6 1.59 284,595 14,535
Pit Constrained Indicated 0.7 1.83 756,710 44,558 Inferred 0.7 1.66 264,512 14,123
Pit Constrained Indicated 0.8 1.97 672,586 42,530 Inferred 0.8 1.75 242,006 13,584
Pit Constrained Indicated 0.9 2.10 602,890 40,623 Inferred 0.9 1.82 222,616 13,054
Pit Constrained Indicated 1 2.25 530,026 38,402 Inferred 1 1.88 209,458 12,648
Zone Category Cut off Au (g/t) Tonnes Ounces Category Cut off Au (g/t) Tonnes Ounces
Underground Indicated 0 0.81 9,102,243 237,466 Inferred 0 0.72 8,837,871 203,293
Underground Indicated 2.5 4.50 524,116 75,892 Inferred 2.5 4.39 501,419 70,718
Underground   Indicated 3.5 5.90 281,739 53,448 Inferred 3.5 5.66 270,103 49,130
Underground Indicated 4.5 6.95 183,683 41,040 Inferred 4.5 6.29 197,824 39,991
Underground Indicated 5.5 8.46 103,072 28,025 Inferred 5.5 6.95 125,917 28,144
Underground Indicated 6.5 9.19 79,934 23,624 Inferred 6.5 8.02 61,829 15,933

 

Scenario 2: Underground Resource (excluding Constrained Pit Resources)
Zone Category Cut off Au (g/t) Tonnes Ounces Category Cut off Au (g/t) Tonnes Ounces
Underground Indicated 0 0.92 9,793,562 291,102 Inferred 0 0.75 9,055,338 217,194
Underground Indicated 2.5 4.87 721,866 112,987 Inferred 2.5 4.50 560,260 80,975
Underground   Indicated 3.5 6.27 422,166 85,059 Inferred 3.5 5.70 318,459 58,373
Underground Indicated 4.5 7.34 289,319 68,283 Inferred 4.5 6.42 225,735 46,574
Underground Indicated 5.5 8.63 185,861 51,590 Inferred 5.5 7.17 143,558 33,099
Underground Indicated 6.5 9.40 144,849 43,779 Inferred 6.5 8.31 74,930 20,023

 

Notes:

  1. CIM definitions for mineral resources were used.
  2. Mineral resources were estimated at a cut-off grade of 0.52 g/t Au for the pit constrained resource and at a cut-off grade of 3.50 g/t Au for the underground resource.
  3. Mineral resources were estimated using a 3-year average gold price of US $1,234.82 per ounce on the London market and an exchange rate of US $0.78 = C $1.00.
  4. A minimum mining width of 2 metres was used.
  5. A bulk density of 2.77 g/cm³ was used.
  6. Numbers may not add due to rounding.

The NI 43-101 technical report will be delivered and filed on SEDAR within the next 45 days.

The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, Eng., the Corporation’s qualified person under National Instrument 43‑101, by Alain-Jean Beauregard, P. Geo., of Geologica Groupe-Conseil Inc. and Christian D’Amours, P. Geo., of GeoPointCom Inc., all of whom are qualified persons as defined by NI 43-101.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corporation (TSX.V:MQR) is an emerging gold producer focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Beaufor Mine, the Croinor Gold (see video), Wasamac, McKenzie Break and Swanson advanced projects, and the Camflo and Beacon mills, as well as six promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill. Monarques enjoys a strong financial position and has more than 150 skilled employees who oversee its operating, development and exploration activities.

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. 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 press release.

Monarques Gold Measured and Indicated Resources

Tonnes
(metric)		 Grade
(g/t Au)		 Ounces
Wasamac property1
Measured Resources 3.99 million 2.52 323,300
Indicated Resources 25.87 million 2.72 2,264,500
Total Measured & Indicated Resources 29.86 million 2.70 2,587,900
Beaufor Mine2
Measured Resources 74,400 6.71 16,100
Indicated Resources 271,700 7.93 69,300
Total Measured & Indicated Resources 346,200 7.67 85,400
Croinor Gold Mine3
Measured Resources 80,100 8.44 21,700
Indicated Resources 724,500 9.20 214,300
Total Measured & Indicated Resources 804,600 9.12 236,000
McKenzie Break property4
Pit Constrained
Indicated Resources 939,860 1.59 48,133
Underground
Indicated Resources 281,739 5.90 53,448
Simkar Gold property5
Measured Resources 33,570 4.71 5,079
Indicated Resources 208,470 5.66 37,905
Total Measured & Indicated Resources 242,040 5.52 42,984
TOTAL
Measured & Indicated Resources 3,053,865
1 Source: Technical Report on the Wasamac Project, Rouyn-Noranda, Québec, Canada, Tudorel Ciuculescu, M.Sc.,
P.Geo., October 25, 2017, Roscoe Postle Associates Inc.
2 Source: NI-43-101 Technical Report on the Mineral Resource and Mineral Reserve Estimates of the Beaufor Mine
as at September 30, 2017, Val-d’Or, Québec, Canada, Carl Pelletier, P. Geo. and Laurent Roy, Eng.
3  Source: Monarques prefeasibility study (January 19, 2018) and resource estimate (January 8, 2016)

4 Source: NI 43‐101 Technical Report on the McKenzie Break Project, April 17, 2018, Alain-Jean Beauregard, P.Geo.,
and Daniel Gaudreault, Eng., of Geologica Groupe-Conseil Inc., and Christian D’Amours, P.Geo., of GeoPointCom Inc.

5 Source: MRB et Associés (January 2015)

View original content with multimedia:http://www.prnewswire.com/news-releases/monarques-gold-confirms-pit-constrained-resource-on-its-mckenzie-break-gold-project-300666414.html

SOURCE Monarques Gold Corporation

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2018/14/c7053.html

 

Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, [email protected], www.monarquesgold.com; Elisabeth Tremblay, Senior Geologist – Communications Specialist, 1-888-994-4465, [email protected], www.monarquesgold.comCopyright CNW Group 2018

 

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New Age Metals $NAM.ca 2018 Abitibi IP Geophysics Report Completed, Exploration Program Initiated $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 10:33 AM on Wednesday, June 13th, 2018

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River Valley Platinum Group Metals Project, Sudbury Ontario

  1. 1.New Age Metals (NAM) flagship project is the River Valley Project, which is the largest undeveloped primary PGM resource in North America, with 4.6 Moz PdEq in Measured Plus Indicated including an additional 2.6 Moz PdEq in Inferred. The River Valley PGM Project is located in Ontario and has an excellent infrastructure and is within 100 kilometers of the Sudbury Metallurgical Complex. The project is 100% owned by New Age Metals (see news releases dated March 21st, 2018 and April 11th, 2018).
  2. 2.Ground IP geophysics final report completed by Abitibi Geophysics. NAM’s Management is working with Alan King, NAM’s Sudbury Geophysical consultant, to review all geophysics and complete a separate more comprehensive report and recommendations.
  3. 3.The goal of the geophysical survey was to test various new footwall targets on the main River Valley PGM Deposit, southward of the 2016/2017 new discovery, the Pine Zone (See News Release: Jun 19th, 2017) to cover the area between target anomalies T4 through to T9 (Figure 1) which is in the northern portion of the 16km project.
  4. 4.Field crews have mobilized to begin surface exploration on the project, more specifically to complete further detailed testing of the new geophysical anomalies from the Abitibi report and to collect further samples that will be used for additional ongoing metallurgical and mineralogical testing, all of which will add to the information needed to complete a Preliminary Economic Assessment (PEA).
  5. 5. The footwall PGM mineralization is new and the Pine Zone discovery has proven that it is both adjoining and adjacent to the existing mineralization and is an additional source of PGMs at the River Valley project. Several new large anomalies have been identified in the northern portion of the project and will be ground proofed in the summer and fall of 2018.
  6. 6.NAM’s management is working on finalizing its selection of an experienced PGM engineering company who will help NAM’s technical team to complete this projects first Economic study, a Preliminary Economic Assessment (PEA), on NAM’s 100% owned River Valley PGM Project.
  7. 7.NAM’s Lithium Division has a minimum commitment of $600,000 of exploration, leading to late summer/fall drill programs on NAM’s eight Lithium Project in Southeast Manitoba (see news release June 6th, 2018), which is financed by NAM’s option/joint-venture partner Azincourt Energy Corp. (TSX.V:AAZ)

June 13th, 2018 / TheNewswire / Rockport, Ontario, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce that the Abitibi geophysical report for the River Valley Project is complete. All past and present geophysical reports are being reviewed by Alan King, the company’s Sudbury based Geophysical Consultant, and Mr. King’s objective is to work with NAM’s technical team to recommend a two phase drill program for the Northern portion of the River Valley Project based on several large new anomalies which appear to be adjacent to our existing mineralization.

The anomalies will be examined in 2018 in the field and if warranted, added to the two phase drill programs. Alan King’s report will include specific recommendations for drilling in the northern portion of the River Valley Project.

The ground geophysical survey performed was a high-resolution OreVision(R) IP survey performed by Abitibi Geophysics (Thunder Bay, Ontario). OreVision IP can reveal targets at four times the depth of conventional IP without compromising near-surface resolution. The goal of the geophysical survey was to test the footwall portion to the main River Valley PGM Deposit, southward of the Pine Zone IP survey (News Release: Jun 19th, 2017, and May 8th,2018) and to cover the area between target anomalies T4 to T9 (Figure 1). This area represents a survey strike length of approximately 2000 metres.


Click Image To View Full Size

Figure 1: Drill Hole Distribution Map in the Northern Portion of the River Valley PGM Deposit Showing Regions IP Geophysical Coverage. (Image only represents approximately 3.5 km of the overall strike length of the deposit)

An initial review of the chargeability plan map from the Abitibi report (Figure 2) shows a good correlation with the River Valley PGM Deposit at surface and the recent footwall discoveries in the Pine Zone. The mineralization zone (red unit on Figure 2, RV Mineralized Breccia Zone) has a well-defined geophysical signature (blue) on the chargeability map (Figure 2). This will be a strong exploration tool in going forward in planning new drill targets into the main zone and into the footwall. The main mineralization corresponds well and correlates with the chargeability feature. This feature extends the length of the survey and as mentioned, corresponds with the location of the surface mineralization. Figure 2 is the chargeability at the 125 meter level above sea level. A further review notes that the Pine Zone (footwall mineralization) extends perpendicular to near perpendicular from the chargeability feature. Elsewhere along the extent of the chargeability feature are other perpendicular to near perpendicular features similar to the area of the Pine Zone Figure 2 – Zones of Interest).

These anomalies will be further examined in the field as they may indicate other areas of footwall mineralization as seen at the Pine Zone.


Click Image To View Full Size

 

Figure 2: Chargeability at 125 m elevation level – Abitibi 2018 IP Survey – River Valley

Field crews will focus on the target areas above in Figure 2 to generate additional drill targets which appear to be adjacent to the existing mineralization identified in the May 8th 2018 NI-43-101 report.

OPT-IN LIST

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ABOUT NAM’S LITHIUM DIVISION

The summer/fall exploration plan has begun for the company’s Lithium Division. NAM has 100% ownership of eight pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba, with focus on Lithium bearing pegmatites. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holder for Lithium and Rare Metal projects in the Winnipeg River Pegmatite Field.

Lithium Canada Development is a 100% owned subsidiary of New Age Metals (NAM) who presently has an agreement with Azincourt Energy Corporation (AAZ) whereby AAZ will now commit on its first year a minimum of $600,000 in 2018. In its initial earn in AAZ may earn up to 50%, of the eight Lithium projects that are 100% owned by NAM. AAZ’s 50% exploration expenditure earn in is approximately $2.950 million and should they continue with their option they must issue up to 1.75 million shares of AAZ to NAM. NAM has a 2% royalty on each of eight Lithium Projects in this large pegmatite field. For additional information on the NAM/AAZ option/joint-venture and recent acquisitions (see the news releases dated Jan 15, 2018, May 2, 2018, May 10, 2018).

ABOUT NAM’S PGM DIVISION

NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America’s largest undeveloped primary PGM deposit with Measured + Indicated resources of 160 million tones @ 0.44 g/t Palladium, 0.17 g/t Platinum, 0.03 g/t Gold, with a total metal grade of 0.64 g/t at a cut-off grade of 0.4 g/t equating to 3,297,173 ounces PGM plus Gold and 4,626,250 PdEq Ounces (Table 1). This equates to 4,626,250 PdEq ounces M+I and 2,713,933 PdEq ounces in inferred (see May 8th, 2018 press release). Having completed a 2018 NI-43-101 resource update the company is finalizing its 2018 exploration programs which will include geophysics, and extensive drill programs, which are all working towards the completion of a Preliminary Economic Assessment (PEA). Our objective is to develop a series of open pits (bulk mining) over the 16 kilometers of mineralization, concentrate on site, and ship the concentrates to the long-established Sudbury Metallurgical Complex. On May 23rd, 2018, NAM’s board approved a Preliminary Economic Assessment (PEA) on River Valley Platinum Group Metals Project’s. Management is currently finalizing its selection of a 3rd party engineering company to complete this PEA. This will be the first economic study on the project. Alaska: April 4th, 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18th, 2018, NAM announced the right to purchase 100% of the Genesis PGM Project, NAM’s first Alaskan PGM acquisition related to the April 4th agreement. The Genesis PGM Project is a road accessible, under explored, highly prospective, multi-prospect drill ready Pd-Pt-Ni-Cu property.

 

The results of the new resource estimation are tabulated in Table 1 below (0.4 PdEq cut-off).

 

Class Tonnes

‘,000

 Pd (g/t) Pt (g/t) Rh (g/t) Au (g/t) Cu (%) Ni (%) Co (%) PdEq (g/t)
Total Measured 62,877.5 0.49 0.19 0.02 0.03 0.05 0.01 0.002 0.99
Total Indicated 97,855.2 0.40 0.16 0.02 0.03 0.05 0.01 0.002 0.83
Total Meas +Ind 160,732.7 0.44 0.17 0.02 0.03 0.05 0.01 0.002 0.90
Inferred 127,662.0 0.27 0.12 0.01 0.02 0.05 0.02 0.002 0.66

 

Class PGM + Au (oz) PdEq (oz) PtEq (oz) AuEq (oz)
Total Measured 1,440,248 1,999,575 1,999,575 1,136,930
Total Indicated 1,856,925 2,626,675 2,626,675 1,463,793
Total Meas +Ind 3,297,173 4,626,250 4,626,250 2,600,724
Inferred 1,578,367 2,713,933 2,713,933 1,323,809

 

Notes:

 

  1. 1.CIM definition standards were followed for the resource estimation.
  2. 2.The 2018 resource models used Ordinary Krig grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.
  3. 3.A base cut-off grade of 0.4 % g/t PdEq was used for reporting resources.
  4. 4.Palladium Equivalent (PdEq) calculated using (US$): $1,000/oz Pd, $1,000/oz Pt, $1,350/oz Au, $1750/oz Rh, $3.20/lb Cu, $5.50/lb Ni, $36/lb Co.
  5. 5.Numbers may not add exactly due to rounding.
  6. 6.Mineral Resources that are not mineral reserves do not have economic viability
  7. 7.The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.

QUALIFIED PERSON

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

ADDITIONAL INFORMATION

Should you have additional inquiries, please contact Paul Poggione, Corporate Development, Tel: 1-613-659-2773, email: [email protected].

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

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

 

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Namaste $N.ca announces signing of 15% equity acquisition of same-day #cannabis delivery platform, Pineapple Express Delivery Inc. $ACB.ca $HIP.ca $WEED.ca $CMED.ca

Posted by AGORACOM-JC at 10:27 AM on Wednesday, June 13th, 2018

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  • Further to its April 25th, 2018 announcement of a Letter of Intent with Pineapple Express Delivery Inc., the Company has signed a Subscription Agreement
  • To acquire 15% of the share capital of Pineapple Express Delivery Inc. for  $1,000,000

VANCOUVER, June 13, 2018 – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRA: M5BQ)(OTCMKTS: NXTTF) is pleased to announce that further to its April 25th, 2018 announcement of a Letter of Intent with Pineapple Express Delivery Inc., the Company has signed a Subscription Agreement (the “Agreement”) to acquire 15% of the share capital of Pineapple Express Delivery Inc. for  $1,000,000. Additionally, Namaste is pleased to announce that Pineapple Express Delivery Inc. has secured a Courier Services Agreement with Ample Organics, Canada’s leading seed-to-sale software platform, for same-day cannabis delivery. Both transactions validate Namaste’s position as a leader in cannabis focused technology platforms, and further demonstrate Namaste’s ability to identify these value-added services aimed at enhancing the user experience. Namaste is optimistic about its equity investment in Pineapple Express Delivery Inc. and expects to see an immediate impact to the overall business operation.

Terms of the Agreement:

  • Namaste’s investment of $1,000,000 will be comprised of $850,000 in cash and $150,000 in Namaste common stock issued at a deemed price determined by Namaste’s 5-day VWAP as of June 15, 2018, subject to approval by the TSX Venture Exchange.
  • The $850,000 cash component of the investment will be paid over 12 monthly instalments to be used in accordance with an agreed use of proceeds.
  • Namaste has a right of first refusal to acquire an additional 10% interest in Pineapple Express Delivery Inc. for $1,200,000 for 14 months following the closing date.
  • Namaste will issue 150,000 options to purchase common shares pursuant to a consulting agreement entered into between Namaste and a principal of Pineapple Express Delivery Inc.

Namaste plans to work directly with Pineapple Express Delivery Inc. and Ample Organics to secure clients and expand the same-day delivery platform across Canada. Through an API integration with Ample Organics, Pineapple Express Delivery Inc. will have the ability to offer same-day delivery services to all licensed producers which are registered clients of Ample Organics. Namaste remains focused on developing and acquiring leading technology platforms that bring value to the cannabis industry. This Agreement represents a significant milestone for the Company in diversifying its investments in innovative companies, while at the same time having the ability to offer valuable services for its medical patients. Namaste’s goal is to evolve the current landscape for online retail cannabis products by improving the user experience.

Management Commentary

Randy Rolph, President and CEO of Pineapple Express: “We’re very excited to have Namaste as a strategic partner. Our team has extensive experience in implementing same-day delivery platforms across Canada. Our relationship with Namaste and Ample Organics will bring great value to Pineapple Express Delivery Inc. and our growth strategy. Our goal is to offer Canadians with same-day delivery for their medical and recreational cannabis. Our vision and culture is aligned with Namaste’s management team who provide valuable resources to Pineapple Express Delivery Inc. and we’re very much looking forward to a bright future together.”

Sean Dollinger, President and CEO of Namaste comments: “We’d like to thank Randy and his incredible team at Pineapple Express Delivery Inc. for partnering with Namaste in an effort to offer Canadian consumers access to same-day cannabis delivery. In addition, we are extremely excited to welcome Ample Organics as a Pineapple Express Delivery Inc. client, in an effort to reach as many cannabis patients as possible across Canada. Having worked with Ample Organics on separate initiatives, we see the incredible value they are able to bring and are very optimistic that other industry leaders will follow suit, as same-day delivery service becomes a necessity among cannabis users world-wide. Namaste will continue to work in partnership with industry leaders to enhance the overall user experience online and at the same time bring value to the Company and its shareholders. We’re very proud of our partnership with Pineapple Express Delivery Inc. and anticipate a strong demand for their services through Ample Organics’ platform.”

About Pineapple Express Delivery Inc.

Pineapple Express’ management team has over 10 years of experience offering same-day 60-minute delivery services in multiple industries across Canada, and has successfully integrated with Ample Organics Inc., Canada’s leading seed-to-sale medical cannabis software platform. Pineapple Express offers a personalized experience for its customers and has established in depth security and delivery protocols to facilitate same-day delivery of medical cannabis across the country. Pineapple Express is dedicated to providing patients with a fully integrated, simple to use, same-day delivery platform which it believes brings great value to medical patients across the country. For more information visit: www.pineappleexpressdelivery.ca

About Namaste Technologies Inc.

Namaste Technologies is a global leader in the sale of medical cannabis consumption devices. Namaste has nine offices with multiple distribution centers around the globe and operates over 30 websites under various brands. Namaste has developed innovative technology platforms including NamasteMD.com, Canada’s first ACMPR compliant telemedicine application. The company is focused on patient acquisition through NamasteMD and intends on building Canada’s largest database of medical cannabis patients. The company’s subsidiary, CannMart Inc. is an ACMPR Licensed Producer pending receipt of a “sales-only” license, whereby the company will offer a large variety of medical cannabis sourced from domestic and international producers. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.

On behalf of the Board of Directors

“Sean Dollinger”

Chief Executive Officer

Direct: +1 (786) 389 9771

Email: [email protected]

Further information on the Company and its products can be accessed through the links below:

NamasteTechnologies.com

NamasteMD.com

NamasteVapes.ca

Everyonedoesit.ca

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. Neither the TSX Venture Exchange nor its market regulator has reviewed or approved the contents of this press release.

SOURCE Namaste Technologies Inc.

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Posted in All Recent Posts, Namaste Technologies Inc. | Comments Off on Namaste $N.ca announces signing of 15% equity acquisition of same-day #cannabis delivery platform, Pineapple Express Delivery Inc. $ACB.ca $HIP.ca $WEED.ca $CMED.ca

$HPQ.ca Announces Date For Vote On Proposed Beauce #Gold Fields Spin-Out And Launches Accelerated Warrant Exercise Incentive Program

Posted by AGORACOM-JC at 8:36 AM on Wednesday, June 13th, 2018

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  • Obtained the required interim orders from the Superior Court of Quebec (commercial division) in connection with its previously announced planned spin-out of Beauce Gold Fields by way of a Plan of Arrangement under the Canada Business Corporations Act
  • interim order, among other things, authorizes HPQ to call and hold an annual and special meeting of its shareholders, which will be held on August 10th, 2018 at the InterContinental Montreal Hotel 360 St-Antoine Street, Fraser Room at 10:00 am to consider and vote for the spin-out of Beauce Gold Fields into a separately trading public company

MONTREAL, June 13, 2018 — HPQ Silicon Resources Inc (“HPQ”) (TSX VENTURE:HPQ) (FRANKFURT:UGE) (OTC PINK:URAGF) is pleased to inform shareholders that the Company has obtained the required interim orders from the Superior Court of Quebec (commercial division) in connection with its previously announced planned spin-out of Beauce Gold Fields by way of a Plan of Arrangement under the Canada Business Corporations Act (CBCA) (February 8, 2018 Release). The interim order, among other things, authorizes HPQ to call and hold an annual and special meeting of its shareholders, which will be held on August 10th, 2018 at the InterContinental Montreal Hotel 360 St-Antoine Street, Fraser Room at 10:00 am to consider and vote for the spin-out of Beauce Gold Fields into a separately trading public company.

An Information Circular containing the Plan of Arrangement will be mailed to shareholders 25 days priors to the date of the meeting. The board of directors of the corporation has unanimously approved the arrangement and recommends that shareholders vote in favour of the Arrangement

The Arrangement remains subject to the satisfaction of closing conditions, including, among other things, approval of shareholders at the meeting, the final approval of the TSX-V, receipt of a final order of the court and the arrangement certificate from the Director of the Corporations.

DISTRIBUTION OF SHARES TO HPQ SHAREHOLDERS

Upon receipt of the final Court approval, the board of HPQ will determine the date of record for distribution of BGF shares to shareholders in concert with the TSX-V.

Patrick Levasseur of HPQ Silicon stated, “This order authorizing HPQ to hold a meeting and a vote on the spin-out of Beauce is a major milestone for the Company and its’ shareholders.  A favourable vote will finally unlock the potential gold value of the Beauce gold property and allow our shareholders to benefit both directly and indirectly from this great asset.” Mr. Levasseur further stated, “After more than a century of major historical placer gold mining in the Beauce, Beauce Gold Fields will be the first company dedicated to the exploration for a hard rock gold deposit as an origin of the gold placers.”

About Beauce Gold Fields

BGF is a wholly owned subsidiary of HPQ Silicon that is in the process of “Spinning Out” its gold assets into BGF, a new public junior gold company, subject to approval by TSX-V.

The Beauce Gold Fields project is a unique, historically prolific gold property located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of 152 claims 100% owned by HPQ, the project area hosts a six kilometre long unconsolidated gold-bearing sedimentary unit (a lower saprolite and an upper brown diamictite). The gold in saprolite indicates a close proximity to a bedrock source of gold, providing possible further exploration discoveries.  The property was also hosts numerous historical gold mines that were active from 1860s to the 1960s (see HPQ SEDAR-filed report).

A Beauce Gold Fields presentation is available and can be downloaded via the following link. http://www.hpqsilicon.com/wp-content/uploads/2017/07/BGF-Presentation-V-Jul-2017.pdf

WARRANT EXERCISE

$ 205,538 was raised through the exercise of 2,936,250 warrant expiring on June 8, 2018.

EARLY WARRANT EXERCISE INCENTIVE

HPQ intends to implement a warrant exercise incentive program designed to encourage the early exercise of up to 6,674,600 out of the 12,305,000 of its outstanding unlisted 7 cents warrants.   The 5,630,400 outstanding unlisted 7 cents warrants that are not part of the program are held by insiders of the Corporation and as such are not entitled to benefit from the incentive program.

3,034,000 of the 5,939,000 Aug. 27, 2018 warrants currently exercisable at a price of 7 cents per common share will be part of the program while only 3,640,600 of the remaining 6,346,000 Dec. 24, 2018 warrants currently exercisable at a price of 7 cents per common share will be part of the program.

The warrants were originally issued by the company as part of a unit private placement financing first announced on Aug. 19, 2015, which closed on Aug. 27, 2015 and as part of a unit private placement financing first announced on Dec. 18, 2015, which closed on Dec. 24, 2015.

Pursuant to the incentive program, the company is offering an inducement to each warrant holder who exercises their warrants during a 30-calendar-day early exercise period by the issuance of one additional share purchase warrant for each warrant early exercised. Each new warrant will entitle the holder to purchase one additional share for a period of 18 months from the date of issuance of such incentive warrant at a price of 17 cents. The early exercise period will commence June 18, 2018, and expire July 17, 2018.  The incentive warrants will be subject to a four-month hold period from the date of issuance.

Warrant holders who take advantage of the opportunity to exercise their warrants early will strengthen the company’s current cash position and provide the company with additional working capital to finance our ongoing Gen2 Purevap work, general working capital and the cost of the Beauce Gold Fields Inc spin-out.

Depending upon the number of warrants exercised during the early exercise period, the company expects to:

  • Receive gross proceeds of up to $467,222 on or before the early exercise expiry date;
  • Issue up to 6,674,000 shares pursuant to the exercise of warrants by holders in accordance with the original terms of the warrants on or before the early exercise expiry date;
  • Issue up to 6,674,000 incentives warrants to warrants holders pursuant to the early exercise of the warrants on or before the early exercise expiry date.

The terms and conditions of the program and the method of exercising the warrants pursuant to the incentive program are set forth in a letter that is being delivered to the registered address of each eligible warrants holder, along with a form of warrant subscription agreement to be completed by warrants holders in relation to the issuance of the incentive warrants. Under the terms of the subscription agreement, warrant holders who wish to participate in the incentive program will agree to exercise their warrants and deliver the other necessary documents in consideration of the issuance by the company of the incentive warrants.

The form of letter and subscription agreement will be posted on the company’s profile on SEDAR and be available on the company’s website. Holders of warrants who elect to participate in the incentive program will be required to deliver to the company at Suite 306, 3000, Omer-Lavallée St., Montreal, QC, Canada, H1Y 3R8, by 5:00 p.m. Montreal time, on or before the early exercise expiry date, the following:

  • A duly completed and executed subscription agreement in the form to be provided to warrant holders by the company;
  • A duly completed and executed election to exercise form attached as Schedule A to their original warrant certificates;
  • Their original warrant certificates;
  • The applicable aggregate exercise price for their warrants, payable to the company in Canadian dollars by way of certified cheque, money order, bank draft or wire transfer.

Any warrants that are not exercised prior to the early exercise expiry date will remain outstanding and continue to be exercisable for shares of the company on their current terms.

The company will not be offering incentive warrants to brokers holding any broker warrants and the Company did obtain the consent of the holder of 660,000 warrants expiring Dec 24, 2018 exercised during the six (6) months period before the start of the incentive program and the implementation of the program.

The company may pay a finder’s fee in respect of certain exercises under the incentive program in accordance with policies of the TSX Venture Exchange.

The incentive program is subject to the receipt of all regulatory approvals, including the final approval of the TSX-V.

This news release is available on the company’s CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.  Powered by Agoracom

About HPQ Silicon

HPQ Silicon Resources Inc. is a TSX-V listed resource company planning to become a vertically integrated and diversified High Purity, Solar Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and monocrystalline solar cells of the P and N types, required for production of high performance photovoltaic conversion.

HPQ goal is to develop, in collaboration with industry leaders that are experts in their fields of interest, the innovative metallurgical PUREVAPTM “Quartz Reduction Reactors (QRR)” process (patent pending), which will permit production of the highest efficiency SoG Si.  The pilot plant equipment that will validate the commercial potential of the process is on schedule for start up in late 2018.

Disclaimers:

This release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Incentive Warrants to be issued pursuant to the exercise of the Warrants have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, U.S. persons (as defined in Regulation S under the U.S.  Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

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

Shares outstanding: 198,463,807

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Posted in All Recent Posts, HPQ-Silicon Resources Inc. | Comments Off on $HPQ.ca Announces Date For Vote On Proposed Beauce #Gold Fields Spin-Out And Launches Accelerated Warrant Exercise Incentive Program

FEATURE: Star Navigation $SNA.ca Real-Time Flight Tracking and Monitoring Technology

Posted by AGORACOM-JC at 10:26 AM on Tuesday, June 12th, 2018

STAR-A.D.S.®

  • On-board real-time monitoring and data analysis system that provides a “virtual window into an aircraft”
  • As cost-effective air to ground communication system that automatically and securely transmits flight data and incident alerts.
  • Continuously monitors selected avionics systems on the aircraft from power-on to power-off, instantly analyzes the data, and transmits selected data and any incident alerts, via satellite to the operator.
  • Acts as an early warning system, detecting the earliest signs of potential problems
  • Performs these functions in “real-time” providing essential safety monitoring to the benefit of passengers, aircraft personnel, and ground crew
  • Applications include: Commercial Airlines, Helicopters, Business Aircraft, Assist Search and Rescue by providing last transmitted location
  • Future applications: Emergency Medical Services (airborne and ground vehicles), Land vehicles

CHECK OUT OUR RECENT INTERVIEW

FULL DISCLOSURE: Star Navigation is an advertising client of AGORA Internet Relations Corp.

 

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Tartisan Nickel Corp. $TN.ca will start the Alexo-Kelex nickel-copper-cobalt site reclamation on June 19, 2018 $NI.ca $GP.ca

Posted by AGORACOM-JC at 2:40 PM on Monday, June 11th, 2018

Tc logo in black

  • Alexo deposit was discovered in 1907,
  • About 51,851 tonnes grading 4.5% nickel and 0.7% copper was extracted and sent to Sudbury, Ontario, for processing
  • Most recently, shipped 6,000 tonnes grading 2.46% nickel, 0.31% copper, and 0.07% cobalt as part of a 10,000 tonne bulk sample permit held at the time,
    • started the reclamation of the project as part of a Closure Plan approved in 2004 and amended in 2011

The Alexo deposit was discovered in 1907, and between the years 1913 to 1919, about 51,851 tonnes grading 4.5% nickel and 0.7% copper was extracted and sent to Sudbury, Ontario, for processing. Then, in 1944, Harlin Nickel Mines shipped 4,900 tonnes of ore grading 4.5% nickel and 0.6% copper. Most recently, Tartisan Nickel predecessor company Canadian Arrow Mines Ltd shipped 6,000 tonnes grading 2.46% nickel, 0.31% copper, and 0.07% cobalt as part of a 10,000 tonne bulk sample permit held at the time, and started the reclamation of the project as part of a Closure Plan approved in 2004 and amended in 2011.

There are two phases to the Tartisan Nickel Corp. site reclamation plan. The first phase concentrates on a general site cleanup with demolition of two wooden shacks and the rationalization of the existing Alexo-Kelex core storage facility, located at the west end of the Alexo pit. The second phase will entail moving the site office trailer offsite as well as the disposal of other pieces of unnecessary equipment. As well, a barrier is planned to prevent access to the Alexo pit highwall and existing rock piles and other areas will be dealt with as outlined in the Closure Plan. As part of ongoing environmental care to be managed by Tartisan Nickel Corp., water quality sampling will continue to occur as per the Closure Plan.

Tartisan Nickel CEO Mr. Mark Appleby said, “The Alexo-Kelex reclamation program will make Tartisan Nickel Corp. a full-cycle battery metals company. We have early exploration for copper and gold at the Ichuna project in Peru; advanced exploration for zinc and manganese at the Don Pancho project, also in Peru; and optimization works at the Kenbridge nickel-copper-cobalt project leading to Tartisan Nickel Corp. updating the NI 43-101 Technical Report to be published this year.”

The financial assurance of reclamation project success is represented by a bond placed with the Ministry of Northern Development of Mines totaling $258,583.00 plus accrued interest which will be returned to Tartisan when reclamation works have been completed to Ministry satisfaction.

About Tartisan Nickel Corp.

Tartisan Nickel Corp. is a Canadian based exploration and development company which owns a 100% stake is the Kenbridge nickel-copper-cobalt deposit near Kenora, Ontario. The Kenbridge Deposit hosts measured and indicated resources of 7.1 million tonnes of 0.62% nickel, 0.33% copper, and 0.016% cobalt. In total a contained nickel, copper, and cobalt resource of 97.8 million pounds of nickel and 47 million pounds of copper has been defined by previous operators. The Kenbridge Deposit is equipped with a 623m shaft and two exploration sublevels and has never been mined. Mineralization is open at depth, along strike, and along plunge.

In addition, Tartisan Nickel Corp. owns a 100% interest in the Alexo-Kelex nickel-copper-cobalt project near Timmins, Ontario, with historical production of 87,000 tonnes grading 3.06%. Alexo-Kelex is a key property in the Company’s Kambalda-type nickel exploration strategy in the Timmins area. Tartisan also owns a 100% stake in the Don Pancho Zinc-Lead-Silver Project in Peru just 9 km from Trevali’s Santander mine and owns a 100% stake in the Ichuna Copper-Silver Project, also in Peru, contiguous to Buenaventura”s San Gabriel property.

Tartisan also owns a significant equity stake (6 MM shares and 3 MM full warrants at 40c) in Eloro Resources Ltd, which is exploring the low-sulphidation epithermal La Victoria Gold/Silver Project in Ancash, Peru.

For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 ([email protected]). Additional information about Tartisan can be found at the Company’s website at www.tartisannickel.com or on SEDAR at www.sedar.com.

Jim Steel MBA P.Geo. is the Qualified Person under NI 43-101 and has read and approved the technical content of this News Release.

Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE:TN, FSE: A2DPCM). Currently, there are 98,623,550 shares outstanding (109,547,594 fully diluted).

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Swiss City Plans #Blockchain Voting Pilot Using #Ethereum-Based IDs $SX $SX.ca $SXOOF $IDK.ca $AAO.ca $HPQ.ca

Posted by AGORACOM-JC at 11:20 AM on Monday, June 11th, 2018
  • Swiss city of Zug, known for its proactive support of the blockchain industry
  • launching a voting pilot that will base both polling system and residents’ IDs on blockchain technology
  • e-voting pilot, which will take place between June 25 and July 1,
    • developed as part of the city’s efforts to adopt more blockchain applications and will tie in with a digital identity trial currently underway
Jun 11, 2018 at 12:00 UTC

The Swiss city of Zug, known for its proactive support of the blockchain industry, is launching a voting pilot that will base both polling system and residents’ IDs on blockchain technology.

The e-voting pilot, which will take place between June 25 and July 1, has been developed as part of the city’s efforts to adopt more blockchain applications and will tie in with a digital identity trial currently underway, the city government said in an announcement on Friday.

In July 2017, the city announced plans to launch an ethereum-based application called “uPort” to digitize local residents’ ID information. The pilot phase got started in November and now has over 200 residents signed up for the new service, according to the announcement.

By using their digital ID, local residents will be able to cast votes in the one-off blockchain polling pilot, though the city government indicated that the vote is a “consultative test” and the results will not be binding.

The primary goal of the trial, it added, is to the review the security aspects of the polling system, examining whether the platform is able to achieve “immutability, testability and traceability” while maintaining voters’ privacy.

The use case for blockchain in voting systems – with its potential to remove election fraud and provide immutable records – is one that has seen notable interest both from authorities at various levels of government, as well as within finance.

Nasdaq announced in November it was developing an electronic shareholder voting system based on blockchain for the South African capital markets, while Santander used the tech for shareholder voting at its annul AGM in May – possibly a world first.

Over in Russia, Moscow’s municipal government announced in March that it was extending its use of a blockchain-based voting platform to the city block level. The Digital Home service allows neighbors in high rises to electronically vote and communicate on issues to do with building maintenance and management.

And, in the same month, the U.S. state of West Virginia launched a voting pilot project for absentee voters in the military by using a mobile application powered by blockchain technology, while Sierra Leone also notably piloted the tech in a presidential election.

Source: https://www.coindesk.com/swiss-city-plans-to-vote-on-blockchain-using-ethereum-digital-id/

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Star $SNA.ca Confirms GADSS Compatibility

Posted by AGORACOM-JC at 9:25 AM on Monday, June 11th, 2018

Sna

  • ICAO’s Concept of Operations recommends that starting in November 2018, there should be autonomous aircraft flight tracking every 15 minutes over oceanic areas,
    • As of January 2021, that there should be autonomous location and tracking of aircraft in distress at least once every minute
    • Star’s STAR-A.D.S. ® System already exceeds compliance with all of the ICAO GADSS recommendations and evolutions planned from 2018 to 2021 and beyond

TORONTO, June 11, 2018 — Star Navigation Systems Group Ltd. (CSE:SNA) (CSE:SNA.CN) (OTCQB:SNAVF) (“Star” or the “Company”)  having participated in the International Civil Aviation Organization’s (“ICAO”)  Working Groups, was pleased to see that ICAO’s Global Aeronautical Distress and Safety System (“GADSS”) Advisory Group, formed in 2014, updated their Concept of Operations and Standard and Recommended Practices late last year.

The tragedies of Malaysia Airlines flight 370 and Air France flight 447 highlighted the limitations in the current air navigation system, which have hampered timely identification and localisation of aircraft in distress. This has also significantly hindered effective search and rescue efforts and recovery operations. On the rare occasions when accidents occur, rescuing survivors has the highest priority, followed by the recovery of the flight recorders. Analysis of data from these recorders is usually key to identifying the cause of the accident, and contributes towards enhancing safety.

In May 2014, ICAO convened a multi‐disciplinary meeting with States, Industry, and related specialists to reach a common agreement in making global aircraft tracking a priority.

ICAO’s Concept of Operations recommends that starting in November 2018, there should be autonomous aircraft flight tracking every 15 minutes over oceanic areas, and as of January 2021, that there should be autonomous location and tracking of aircraft in distress at least once every minute.

Star’s STAR-A.D.S. ® System already exceeds compliance with all of the ICAO GADSS recommendations and evolutions planned from 2018 to 2021 and beyond.

It can securely and automatically track any type of retrofitted aircraft, worldwide.

Location and general flight data (position, flight level, heading etc.) are sent at pre-determined intervals on a routine flight, while all data are recorded. It can transmit real-time flight data and system alerts. The precision of localization of the system is within 1NM.

The STAR-A.D.S. ® System is compatible and fits with all existing information and data management procedures. All transmissions are encrypted and secured.

For future evolutions of the recommendation dealing with the recovery of flight data (and as the system records all relevant data on-board), it can automatically and securely download information directly to the ground as a ‘virtual black box’.

In addition, the STAR-A.D.S. ® system, upon completion of the flight, provides automatic generation of all End of Flight Reports, and historical flight information filing for post flight data mining.

About Star Navigation:

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

Stars’ M.M.I. Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide. These displays are found on aircraft and simulators, from P-3 Orion and C-130 aircraft, to Sikorsky and AgustaWestland helicopters, as examples.

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

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

Please visit www.star-navigation.com or

Jean-Louis Larmor, (416) 252-2889 Ext. 230

[email protected]

 

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