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Fairmont Completes 150,000 Euro Deposit for Grabasa Asset Purchase $FMR.ca

Posted by AGORACOM-JC at 1:05 PM on Thursday, June 23rd, 2016

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  • Deposit of 150,000 Euros paid by Fairmont to court in Spain with respect to Spanish Granite (Grabasa) assets acquisition
  • Discussions with potential lenders ongoing
  • Fairmont expects signed letter of intent for debt financing in the coming week
  • US market for dimensional stone, which includes granite and marble, was more than US$2.5 billion in 2014

VANCOUVER, BRITISH COLUMBIA–(June 23, 2016) – Fairmont Resources Inc. (TSX VENTURE:FMR)(OTC:FRSSF)(FRANKFURT:F0O1) (“Fairmont“) is pleased to announce that a deposit of 150,000 Euros was sent by Fairmont and received by the court in Spain with respect to the Granitos de Badajoz S.A. (“Grabasa”) assets acquisition. This is in addition to the 60,000 Euros deposit made on behalf of Fairmont Resources by Eureka Consulting, previously announced in the Fairmont news release of March 21, 2016.

Discussions with potential lenders for the remainder of the acquisition are ongoing. Fairmont expects to receive a signed letter of intent for debt financing in the coming week.

As first reported by Aggregate Business Europe in the article titled, “Dynamic Start to 2016 for European Construction Equipment Sales” (http://goo.gl/8XlXvH), it quotes the Committee for European Construction Equipment stating an “encouraging opening period of 2016 was driven by the robust recovery of the French market, the continuation of the recovery in Southern Europe and the stability of the Western European market as a whole” in construction equipment sales. Fairmont sees this as continued positive signs in European construction recovery as well as for future demand for construction and renovation material including granite.

In the Winter 2015-2016 Gilbane Construction Economics Market Conditions in Construction report for the US, it is reported that “2015 is a breakout year for nonresidential buildings construction spending, expected to finish at 17% growth. With expected growth of more than 13% in 2016, the three year period of 2014-2016 could reach historic growth.” Fairmont sees this as a positive sign for granite and marble demand in the US. The US market for dimensional stone, which includes granite and marble, was more than US$2.5 billion in 2014, with more than $2.0 billion being dominated by imported material that would be a target market for GRABASA.

Michael Dehn, President and CEO Of Fairmont Resources stated, “This is an exciting opportunity for Fairmont to acquire one of the premier granite producing assets in Europe. Fairmont management sees additional opportunities to expand sales into worldwide markets without the requirement of expensive upgrades or facility expansions. Once all of the necessary financing is in place, Fairmont plans to move rapidly into selling existing granite inventory and recommencing production for continuing sales.”

About Fairmont

Fairmont Resources Inc. is a rapidly growing industrial mineral and dimensional stone company trading on the Toronto Venture Exchange symbol FMR.

Fairmont’s Quebec properties cover numerous occurrences of high-grade titaniferous magnetite with vanadium, with the Buttercup property having a permit to quarry dense aggregate. Where these occurrences have been tested they have display exceptional uniformity with respect to grade. Fairmont also controls three quartz/quartzite properties, with the Forestville property having independent end user testing confirming the suitability of quartzite from Forestville for Ferro Silicon production. Fairmont is also in the process of acquiring the assets of Granitos de Badajoz (GRABASA) in Spain which includes 23 quarries and a 40,000 square metre granite finishing facility that has produced finished granite installed across Europe.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fairmont cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Fairmont’s control. Such factors include, among other things: risks and uncertainties relating to Fairmont’s exploration program of its mineral properties and Fairmont’s limited operating history. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Michael A. Dehn
President and CEO
Fairmont Resources Inc.
Tel: 647-477-2382
[email protected]
www.fairmontresources.ca

Doren Quinton
President
QIS Capital
Tel: 250-377-1182
[email protected]
www.smallcaps.ca

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Durango Engages Theberge to Oversee Nemaska Whabouchi Area Claims $DGO.ca

Posted by AGORACOM-JC at 9:52 AM on Thursday, June 23rd, 2016

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  • Recently engaged Mr. Donald Theberge, P.Eng., M.B.A to develop and supervise a work program for its Nemaska Whabouchi area properties

Vancouver, BC / June 23, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that Durango has recently engaged Mr. Donald Theberge, P.Eng., M.B.A to develop and supervise a work program for its Nemaska Whabouchi area properties.

On May 5, 2016, Durango reported the identification of pegmatites were discovered on Durango’ s property which is tied to Nemaska Lithium’s (TSX.V-NMX) proposed Whabouchi Lithium Mine. This pegmatite discovery was made by the analysis of the 43-101 Abigail Property report written for Tucana Lithium Corp. in 2011 by Donald Theberge, P.Eng. Mr. Theberge is now currently compiling information on Durango’s ground adjacent to and near the proposed Whabouchi Lithium Mine in Quebec for Durango.

Marcy Kiesman, CEO of Durango, comments, “In effort to position for discovery, Durango is extremely pleased to have Donald Theberge, P.Eng. lead the exploration program due to his extensive knowledge of the geology in the area and his past work experience with Nemaska Lithium. I firmly believe that having Mr. Theberge lead our exploration team is a significant advantage and a strategic step for Durango.”

Further to the news dated June 22, 2016, announcing a financing of up to 5 million units, part of the units comprising the financing will be distributed pursuant to British Columbia Instrument 45-536. There is no material fact or material change about the Company that has not been generally disclosed.

About Durango

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

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

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to the purchase, development, financing, commencement and completion of future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

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

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GrowPros Announces the Acquisition of Laboratoires Holizen Inc. and a $600,000 Non-Brokered Private Placement $GCI.ca

Posted by AGORACOM-JC at 8:40 AM on Wednesday, June 22nd, 2016

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  • Announced the acquisition of the assets of Laboratoires Holizen Inc.
  • Assets will be part of the Company’s new wholly-owned subsidiary Agro-Tek Inc. and will form a new division of GrowPros’ that specializes in the distribution of Natural Health Products and cosmetics
  • Transaction will provide the Company with an established product line and allow GrowPros to rapidly commercialize and distribute new NHPs and cosmetics through Holizen’s strong distribution network

OTTAWA, ONTARIO–(June 22, 2016) – GrowPros Cannabis Ventures Inc. (“GrowPros” or the “Company“) (CSE:GCI) is pleased to announce the acquisition of the assets of Laboratoires Holizen Inc. (“Holizen“) for $450,000. The acquisition will be funded by the $600,000 private placement (see below). These assets will be part of the Company’s new wholly-owned subsidiary Agro-Tek Inc. and will form a new division of GrowPros’ that specializes in the distribution of Natural Health Products (“NHP“) and cosmetics. The transaction will provide the Company with an established product line and allow GrowPros to rapidly commercialize and distribute new NHPs and cosmetics through Holizen’s strong distribution network.

Acquisition Terms:

GrowPros will be required to make a payment of $325,000 on signing the agreement, $50,000 on the 12 month anniversary of the agreement, $50,000 on the 24 month anniversary of the agreement and a final payment of $25,000 on the 36 month anniversary of the agreement. The Agro-Tek team has already commenced applications with different government institutions to access investment funds for developing a strategic growth plan for the sale and distribution of Holizen products to the rest of Canada and the United States in the next year.

Asset Highlight

GrowPros has acquired Holizen’s existing customer base, inventory and natural product registration numbers.

The acquisition of Holizen’s assets by GrowPros will not change Holizen’s daily activities. The current President of Holizen, Mrs. Francine St-Sauveur, and all of the company’s employees and consultants will be retained by GrowPros. Mrs. St-Sauveur will assume the role and responsibility of the Chief Operating Officer of Agro-Tek. In her new role, Mrs. St-Sauveur will be responsible for day-to-day operations and client relations including the company’s network of retail stores. Mr. André Rancourt was appointed as Chief Executive Officer of Agro-Tek and will take over the management of all of its divisions and partnerships. “The Board of Directors and I are delighted that Mr. Rancourt has agreed to accept this responsibility,” said André Audet, Chairman. “He is someone with tremendous experience in the NHP retail market, his unquestioned work ethic, and integrity will prove to be of great value to the growth of the Company”. Mr. Rancourt has worked in the food and NHP market for over 20 years and has established an extensive network of contacts. André will be responsible for the overall commercial strategy of Agro-Tek, licencing of innovative technologies, and future acquisitions to expand the Company’s product lines and distribution capabilities. Holizen products are currently distributed in over 200 Natural health stores in Quebec. The company plans to launch an aggressive expansion to try and grow its market share of the 11.3 Billion dollar FFNHP (functional foods and Natural Health Products) market Place *stats Canada.

Holizen was created in 2002 and has been producing and distributing high quality NHP and cosmetic products. In addition to its NHP line, Mrs. St-Sauveur created alliances with several highly reputable European laboratories to offer Egyptian spagyria products, certified organic skincare products, and a line of silicon-based supplements and gels. “Holizen owes its fame to the absolute quality and efficiency of its products, a long and established network of clients, and the dedication of its employees to serve clients with respect and promptness,” stated Mrs. St-Sauveur. “The acquisition by GrowPros will allow the company to rapidly expand the distribution of its product lines across all of North America and continue to offer its clients innovative, effective, and high quality NHP and cosmetic products.”

Summary

The acquisition and recent creation of the multiple subsidiaries will provide GrowPros with a diversified portfolio of companies operating in independent yet related fields. PhytoPain Pharma Inc. will focus on pharmaceutical development, Agro-Tek will focus on retail product distribution and Grow Pros MMP will focus on cultivation and production of medicinal plants including Cannabis for which the company requires an approval under the Marijuana for Medical Purposes Regulation (“MMPR“).

“This platform should allow GrowPros to evolve into a fully integrated Pharmaceutical and Natural Health product development, production, and distribution company. This strategy provides multiple revenue streams across various industry segments and sub segments and insulates the company from the uncertainty that results from solely focusing on an MMPR application,” stated Ryan Brown, GrowPros CEO.

Financial Terms:

The Company also announces a non-brokered private placement of 12,000,000 units at a price of $0.05 per unit for aggregate gross proceeds of up to $600,000. Each unit will consist of one common share and one non-transferable warrant, with a whole warrant entitling the holder to purchase one common share at a price of $0.07 for a period of 12 months following the closing date.

In connection with the private placement, the Company may pay a cash finder’s fee equal to 8% of the gross proceeds raised and may issue non-transferable finder’s warrants equal to 8% of the number of common shares issued under the private placement. Each finder’s warrant will entitle the holder to purchase one common share of the Company at a price of $0.07 per share for a period of 12 months following the closing of the private placement.

The securities issued pursuant to the private placement will be subject to a four-month hold period from the closing date. The Company may pay a commission in connection with the private placement, subject to compliance with the policies of the Exchange. Completion of the private placement and the payment of any commissions remain subject to the receipt of all necessary regulatory approvals, including the approval of the Exchange.

The proceeds of the private placement will be used to fund the acquisition of the assets of Holizen as well as general working capital.

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

Forward-looking statements

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

Contact Information

  • GrowPros Cannabis Ventures Inc.
    Ryan Brown
    Chief Executive Officer
    (613) 421-8402GrowPros Cannabis Ventures Inc.
    Andre Audet
    Executive Chairman
    (613) 421-8402GrowPros Cannabis Ventures Inc.
    Dr. Guy Chamberland
    Chief Scientific Officer and Regulatory Affairs
    (514) 220-9225

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AGORACOM Welcomes GrowPros Cannabis Ventures (GCI: CSE) Developing Natural Pharmaceuticals Derived From Cannabis and Other Medicinal Plants $GCI.ca

Posted by AGORACOM-JC at 4:58 PM on Monday, June 20th, 2016

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GCI:CSE

Pharmaceutical Division – PhytoPain Pharma

  • A new subsidiary created June 2, 2016. 80% Ownership
  • Mission is the development and commercialization of botanical based pharmaceuticals
  • A clinical stage drug development company engaged in the development of medication to alleviate symptoms related to: Pain, Insomnia, anxiety disorder, in patients suffering from Cancer and other, chronic and terminal diseases

Dr Guy Chamberland, Chief Scientific Officer and Regulatory Affairs

  • Professor of herbal medicine and clinical research at the École d’Enseignement Supérieur de Naturopathie du Québec.
  • 22 years’ experience in the pharmaceutical and natural product industries includes successful development of intellectual property for several botanical drug products

WHY DOCTORS NEED PHARMA MARIJUANA SOLUTIONS

  • A Physician’s decision to prescribe a new drug or even a natural health product has to be based on Evidence-Based Medicine > A legal, ethical requirement
  • Currently, no body of evidence exists to not support the prescription or recommendation of medical marijuana in any medical condition, including terminal cancer
  • The GrowPros pharmaceutical product development plan would provide the data necessary for physicians to prescribe or recommend our products

PRODUCT PIPELINE

Insomnia Management For Patients With Chronic Pain

  • Licensed a hypnotic drug from Mondias Naturals Inc
  • Management of Insomnia in patients with chronic pain
  • Currently in late stage Phase III clinical testing

PhytoPain To Produce A Combination Product

  • Proprietary combination expected to reach Phase I clinical testing in 2017
  • Will be ready for market in 2017 due to combination with Mondias Naturals product

Pain Management – Inhalation Cannabis Drug Product

  • A prescription drug for management of uncontrolled pain in cancer patients
  • Health Canada will provide guidance during Phase I clinical trial
  • Commencing December 2016. Anticipating 3-5 year product development

A recent discussion with the Quebec College of Physicians confirms that pharmaceutical development of a medical marijuana for inhalation would be well received by the medical community.

OPERATIONS OVERVIEW – MMPR

MMPR Division – Collaboration Agreement

  • March 18, 2016 – Signed agreement with Delta 9 Bio-Tech, a “Licensed Producer”
  • Delta 9 will submit to Health Canada an Amendment to collaborate on GrowPros previous application for facility in Southern Quebec; Amendment submission anticipated by June 30, 2106, Health Canada response anticipated August 30, 2016
  • Key Benefits of Delta 9 Collaboration: Significant process clarity, High probability of success eliminates spec construction risk, Single customer through option to acquire all dried marijuana product for 2 years
  • Key strategic benefit to GrowPros; Controlled production, quality and supply for Pharma Division, Value of license, Wholesale seller vs. retail seller

Hub On AGORACOM / Corporate Profile / Read Release

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CLIENT FEATURE: Nevada Energy Metals (BFF: TSX-V) Powering Our Green Future $BFF.ca

Posted by AGORACOM-JC at 5:04 PM on Friday, June 17th, 2016

TSX-V: BFF, (OTC Pink: SSMLF)

Why Lithium?

  • Major companies such as Sony and Panasonic got behind lithium as an anchor material in a possible successor to the lead-acid battery paradigm.
  • Although it took decades, lithium-based batteries are now the industry standard.
  • Lithium has limited supply and increasing demand.
  • Lithium seems untouched by economic downturns.
  • Lithium prices increased by about 20% in 2014 and by a larger percentage in 2015 when gas, coal and natural gas were down 50%
  • Climate change has lead to the frenzied search for green energy solution
  • Because of its high reactivity, lithium does not occur as a pure element in nature but is contained within minerals in a range of hard rock types or in brine solutions (elements contained in salty water) in salt lakes, “salars.” Lithium’s primary driver for growth is:

Batteries and grid-scale energy storage:

  • Most important use of lithium is in rechargeable lithium-ion batteries for electric vehicles, grid-scale energy storage, phones, laptops, cameras, gaming consoles and hundreds of other electronic devices.
  • Lithium-ion batteries are increasingly used for bikes, power tools, forklifts, cranes and other industrial equipment. In essence, lithium powers modern technology.

Benchmark Mineral Intelligence estimates that the

“EV market will grow five-fold between 2015 and 2020 while the market for stationary storage will increase 8-fold.”

We have already seen Tesla increase the land holding of their $5 billion under-construction lithium-ion battery factory and Faraday Future strike a deal to build a $1 billion electric car plant.

Nevada Energy Metals Acquires 100% Ownership in Clayton Valley BFF-1 Lithium Project

  • Announced acquisition of 60 claims in Clayton Valley, Esmeralda County, Nevada
  • 250 meters from Albemarle Corporation’s Silver Peak lithium mine and brine processing operations
  • Also the location of Pure Energy Minerals’ 816,000 metric tonnes Lithium Carbonate Equivalent (LCE) Inferred Resource
  • 3.5 hours away from Tesla’s Gigafactory, which has a planned annual lithium-ion battery production capacity of 35 gigawatt-hours per year by 2020
  • Aannounced that it has agreed to grant 1074654 Nevada Ltd an Option to acquire a seventy (70%) percent interest in the BFF-1 Clayton Valley Property

Nevada Energy Metals Expans Lithium Exploration Potential at San Emidio

Company has increased the exploration potential of the San Emidio property by adding 69 additional claims to its land position. The property now includes 155 claims (approximately 3,100 acres/1255 hectares) in the San Emidio Desert, Washoe County, Nevada, 95 km northeast of Reno.

Importantly, historical results by previous operators exploring the playa for lithium reported lithium value in sediments up to 312 ppm and up to 80 ppm lithium in brine from a depth of 1.5 meters.

Company acquired 160 placer claims, with an area of 3,200 acres/1,295 hectares, located in northern Big Smokey Valley, Township 13N., Range 43E, Nye County, Nevada.

BSV Property:

Big Smokey Valley is situated in central Nevada. It begins at a point 12 miles east of the town of Austin and extends approximately 100 miles in a southwesterly direction to reach a southern terminus near Clayton Valley to the west of Tonopah. Hydrologically and topographically the valley is divided into northern and southern sections by a physiographic high near the mining community of Round Mountain. The northern section, where the claims area is located contains three geothermal resources; the Darrough, the McLeod and the Spencer hot springs.

Projects

  • Acquired, by staking, 100 placer claims covering 2000 acres (809 hectares) at Teels Marsh, Nevada.
  • Property, called Teels Marsh West is highly prospective for Lithium brines and is located approximately 48 miles northwest of Clayton Valley and the Rockwood Lithium Mine, North America’s only producing brine based Lithium mine supporting lithium production since 1967.
  • Access to Teels Marsh is via dirt road, west of Highway 95 and northwest of Highway 360.
  • Completed an orientation survey
  • Collected twenty-seven shallow auger sediment samples
  • Lithium values ranged from 8.9 to 104.5 ppm. The two best results (93.2 and 104.5) were obtained downstream of thermal springs on the western part of the property

Teels Marsh West is a highly prospective Lithium exploration project, 100% owned without any royalties, located on the western part of a large evaporation pond, or playa (also known as a salar). Structural analysis reveals that Teels Marsh is bounded by faults and is tectonically active. Tectonic activities supply additional local permeability that could be provided by the faults that bound the graben and sub-basins.

  • Located 12 km (7.5 miles) northeast of Albemarle Corporation’s (formerly Rockwood Lithium),Silver Peaksolar evaporation ponds. Silver Peak is the only producing brine-based lithium facility in North America.
  • 60-40 earn-in joint venture with Dajin Resources Corp.
  • In addition to its proximity to Silver Peak, the property is 20 km (12.5 miles) east-northeast of Pure Energy Minerals’ Clayton Valley exploration project.
  • Preliminary data from ongoing exploration activities on the property, suggest that Alkali Lake could be situated on one of the most prospective areas in the entire basin.
  • Lithium assay results from sediment sampling carried out on the Alkali Lake property confirmed the presence of near-surface lithium at grades ranging from 73 ppm to 382 ppm.

  • Early stage exploration property, located in the northern foothills of the Alaska Range, which contains VMS (volcanogenic massive sulfide) mineralization.
  • Property is located in the east portion of the Bonnifield Mining District, central Alaska, approximately 60 mi (96 km) south of Fairbanks, Alaska (Figure 1).
  • Property consists of 36 quarter-section State of Alaska mining claims (Galleon 1-36; Appendix 1) held by Anglo Alaska Gold Corporation (AAGC). Rock Star Resources Inc (RSRI) holds the rights to a 100% earn-in interest under an agreement with AAGC to pay for exploration and make required payments.
  • Access to the Property currently is only by helicopter, or by trail from a nearby airstrip, however, strong potential exists for future development of a road connecting the Property with an existing mine road system to the west.
  • The claims are subject to a 3% Net Production Royalty to the State of Alaska beginning 3.5 years after mine start-up. All claims comprising the Galleon Property are in good standing at the time of this writing.

Energy metal markets are booming

The age of electrification across the transportation sector, the solar panel revolution, and Tesla’s battery gigafactory are igniting a battle for the cheapest battery. That will transform lithium into a boom-time mineral and the hottest commodity on the energy investor’s radar. It has been easy to take lithium for granted. This wonder mineral is the backbone of our everyday lives, popping up in everything from the glass in our windows to our mountains of electronics.

And while investors have long appreciated the steady rise in demand for this preferred mineral, the number of new applications continues to multiply. Smart phones, tablets, laptops, and other consumer electronics demand more lithium. But the largest driver for future lithium use will be in electric vehicles and home batteries for solar panels. That has lithium on the verge a boom for which supply can no longer be taken for granted.

 

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PhytoPain Pharma Files Clinical Trial Application (CTA) for a Topical Product for the Treatment of Chemotherapy-Induced Neuropathic Pain $GCI.ca

Posted by AGORACOM-JC at 8:54 AM on Wednesday, June 15th, 2016

Growpros

  • Announced that it has filed a Clinical Trial Application (CTA) with Health Canada for PhytoPain Topical Gel Relief (PPTGR), a locally administered therapeutic for the treatment of chemotherapy-induced neuropathic pain (CINP)
  • Upon approval of the CTA, the Company plans to initiate a double-blind, randomized, cross-over, placebo-controlled clinical study with PPTGR in late 2016 and expects to report initial clinical data from the trial in late 2017

OTTAWA, ONTARIO–(June 15, 2016) – PhytoPain Pharma (PPP) Inc., a subsidiary of GrowPros Cannabis Ventures Inc. (“GrowPros” or the “Company” or “GCI“) (CSE:GCI), today announced that it has filed a Clinical Trial Application (CTA) with Health Canada for PhytoPain Topical Gel Relief (PPTGR), a locally administered therapeutic for the treatment of chemotherapy-induced neuropathic pain (CINP). Upon approval of the CTA, the Company plans to initiate a double-blind, randomized, cross-over, placebo-controlled clinical study with PPTGR in late 2016 and expects to report initial clinical data from the trial in late 2017.

CINP is a common adverse effect of cancer therapy and a frequent reason why cancer patients stop their treatment early. For some patients, the severity of the symptoms can be reduced by lowering the dose of chemotherapy or temporarily stopping it. In other patients, the symptoms of CINP may last for months or years after the cancer therapy has stopped. CINP symptoms are managed using the same analgesics used to manage other types of neuropathic pain. Some of these analgesics also cause intolerable side effects in patients. The use of a topical counterirritant may help reduce the symptoms of CINP and avoid exposing some patients to oral neuropathic pain analgesics.

According to Dr. Guy Chamberland, the Company’s Chief Scientific Officer, “PPP is developing this topical product to provide cancer patients a safer, natural and more tolerable alternative in the management of CINP”. The development of the PPTGR product is in line with PPP’s strategy to bring an integrative medical approach for cancer patients suffering from pain. “The demonstration of the safety and efficacy of botanical drugs including cannabis for pain management is a critical step in the development of an evidence-based approach to integrative medical care. PPP intends on working with physicians to demonstrate that PPTGR can be safely used as an adjunct to inhalation and oral medical marijuana for the reduction of pain in cancer patients. Physicians need additional drugs that can help reduce the amount of narcotics required to manage pain while minimizing the risk of psycho active effects or tolerance to opioids, cannabis, and other narcotics commonly prescribed to patients. The intention is to develop PPTGR, and other botanical-based drugs, as adjuncts to the standard of care,” stated Dr. Chamberland.

PPTGR is a counterirritant topical gel that conforms to the Natural and Non-prescription Health Products Directorate (NNHPD) monograph. However, the intended use of counterirritant products under the NNHPD monograph does not include the temporary relief of CINP. PPP is launching a clinical trial to demonstrate the safety and efficacy of PPTGR in cancer patients with CINP and work with medical oncologists to integrate the use of PPTGR in the management of CINP.

International research indicates that 60% of patients undergoing chemotherapy will suffer from varying degrees of CINP during their treatment. PPP believes it can demonstrate increased symptom alleviation using natural based agents and mixtures as opposed to the synthetic alternatives. “PPP was created to conduct cannabinoid and medicinal plant based research with the goal of developing over-the-counter products for consumers and prescription drug products for physicians that can be distributed through the existing pharmaceutical infrastructure. This submission is the first step in the growth of our vision,” commented CEO Ryan Brown.

CINP Market Size and comparison products

MARKET STATISTICS:

There were an estimated 15.2 million cancer cases globally in 2014 according to the International Agency for Research on Cancer (IARC) with projections of 17.1 million cases in 2020. Roughly 25%-30% of cancer patients receive chemotherapy, and of those patients, 70%-80% experience a form of CINP. The global CINP market saw estimated revenue of $1.3 billion in 2014 with a projected 5.7% compounded annual growth rate through 2020 as cancer rates climb with growing, aged populations. Of the products available Oral delivery drug of dronabinol which is comprised of synthetic cannabinoids had sales of $110M in 2014. Similar to other mainly orally administered cannabinoids, results in relatively low bioavailability, coupled with irregular pharmacokinetics secondary to absorption variability and first-pass metabolism by the liver, complicated by the need for multiple dosages per day. In addition, many patients report nausea and/or vomiting as a side-effect related to the drug. (NEMUS BIO SCIENCE)

Many studies have concluded that natural cannabinoids offer a safer, more effective solution than their synthetic counterparts. A recent article entitled Comparison of Outcome Expectancies for Synthetic Cannabinoids and Botanical Marijuana, from The American Journal of Drug and Alcohol Abuse, concluded that given growing public acceptance of recreational and medical marijuana, coupled with negative perceptions and increasing regulation of synthetic cannabinoid compounds, botanical marijuana is likely to remain more available and more popular than synthetic cannabinoids.

“PPP is proud to position itself as a leader in the development of natural pharmaceuticals derived Cannabis and other medicinal plants,” commented CEO Ryan Brown.

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

Forward-looking statements

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

GrowPros Cannabis Ventures Inc.
Ryan Brown
Chief Executive Officer
(613) 421-8402

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

GrowPros Cannabis Ventures Inc.
Dr. Guy Chamberland
Chief Scientific Officer and Regulatory Affairs
(514) 220-9225

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American Creek Closes Two JV Transactions With Tudor Gold Corp $AMK.ca

Posted by AGORACOM-JC at 5:59 PM on Tuesday, June 14th, 2016

  • Announced that it has now completed the sale to Tudor Gold Corp. (TSX VENTURE:TUD) of certain of its interests in the Electrum property and the Treaty Creek property, both of which are located in the “Golden Triangle” in NW British Columbia

CARDSTON, ALBERTA – (June 14, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek“) is pleased to announce that it has now completed the sale to Tudor Gold Corp. (TSX VENTURE:TUD) (“Tudor“) of certain of its interests in the Electrum property and the Treaty Creek property, both of which are located in the “Golden Triangle” in NW British Columbia (refer to our previous news release dated May 11, 2016).

Pursuant to a joint venture agreement entered into with Tudor, American Creek sold an undivided 60% interest in its Electrum property in consideration for 1,000,000 Tudor shares and the payment of $500,000 cash. Tudor also invested $250,000 into American Creek by way of a private placement under which American Creek issued 3,125,000 shares at a price of $0.08 per share to Tudor. All shares issued under this agreement are subject to both a 4 month statutory/regulatory hold period as well as a voluntary hold period which expires May 10, 2017. A 60/40 joint venture has now been formed and Tudor is the operator of the project.

Pursuant to a separate joint venture agreement entered into with Tudor and Teuton Resources Corp. (“Teuton“), American Creek sold an undivided 31% interest in its Treaty Creek property to Tudor in consideration for 500,000 Tudor shares. A joint venture has now been formed with Tudor holding a 60% interest and each of American Creek and Teuton holding a 20% interest in the joint venture. Both American Creek’s and Teuton’s 20% interests are fully carried during the exploration period until a production notice is given. Thereafter, each will be responsible for 20% of the costs under and subject to the terms of the joint venture. Tudor is the operator of the project. Under the terms of the agreement, Tudor has agreed to complete a minimum of $1,000,000 in exploration expenditures on the Treaty Creek property during 2016. All shares issued under this agreement are subject to both a 4 month statutory/regulatory hold period as well as a voluntary one year hold period.

Darren Blaney, American Creek’s CEO, states: “We are pleased to have closed these two JV transactions with Walter Storm’s Tudor Gold Corp. We are very much looking forward to the advancement of both the Treaty Creek and Electrum projects.”

The Treaty Creek property is located immediately adjacent to, and on geological trend with Seabridge Gold’s KSM project and north of the Pretivm Resources Brucejack project. The Sulphurets Thrust Fault, which has been identified by BC government geologists as being related to all of Seabridge’s KSM property gold-copper deposits, continues northeast through the Treaty Creek property.

The Electrum property is located approximately 45km north of Stewart, British Columbia, near past operating mines including the Riverside, Scotty Gold, Granduc, Big Missouri and Silbak-Premier. The Electrum is road accessible and is only 45km from recently upgraded concentrate shipping port facilities located in Stewart. A new electrical power line currently being constructed by Pretivm Resources runs right up the valley beside the Electrum project and may provide a future source of power. The Electrum property encompasses the historic East Gold Mine which has produced extremely high grades of gold, silver and electrum in the past, over 25 years of small-scale hand mining. Past work completed by American Creek has identified several areas on the property which contain very high grade gold and silver vein systems.

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

Further information relating to American Creek is available on its website at www.americancreek.com

This press release was prepared by management who takes full responsibility for its contents. 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 Statements
This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Actual results could differ materially because of factors discussed in the Company’s management discussion and analysis filed with applicable Canadian securities regulators, which can be found under the Company’s profile on www.sedar.com. The Company does not assume any obligation to update any forward-looking statements.

Kelvin Burton
403 752-4040
[email protected]
www.americancreek.com

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FEATURE: VGambling (GMBL: OTCQB) Targeting Billions of Dollars Expected to be Wagered on eSports Competitions $GMBL

Posted by AGORACOM-JC at 11:49 AM on Monday, June 13th, 2016

Vgabmlinglarge_copy

Online Wagering Platform for the Future of Competitive Gaming

Why VGambling Inc?

“There is no other way to say it … VGambling represents one of the best potential mega winners I’ve seen in years.” George Tsiolis, AGORACOM Founder

“The Business of eSports Is Set To Explode…. Billions of dollars will soon be wagered on eSports competitions. Brands, consultants and investors are always looking for the next great opportunity and eSports appears to be an able applicant for the role.” Forbes Magazine, October 15, 2015

The 5 Things You Need To Know:

1. eSports – Over 130 million people from around the world tune in to watch teams of video game players compete with each other.

2. eSports Wagering – Wagering on eSports is projected to hit $23 BILLION by 2020.

3. VGambling is the next generation online gambling company that is built for the purpose of facilitating as much of this wagering as possible

4. VGambling is fully licensed, compliant and authorized to legally transact in eSports wagering.

5. VGambling has assembled a team of officers and board members with significant star power in the world of eSports and online gambling


Who is VGambling Inc.?

  • Company intends to offer users from around the world the ability to wager on professional e-Sports events for real money in licensed and secure environment.
  • Makes it possible to play in multi-player video game amateur tournaments and win cash prizes.
  • Issued an Internet gambling License by the Kahnawake Gaming Commission in Canada
  • Applied for a License in Antigua and Barbuda.
  • Company intends to conduct real money interactive gaming activities on a global basis from our base in St. John’s, Antigua.
  • Bringing users from these two huge industries together by offering our users from around the world the opportunity to play, and bet on online single and multi-player, video game tournaments for real money in our secure and licensed environment.
  • Utilizing VGambling Inc.’s peer-to-peer wagering system, video game fans and enthusiasts everywhere will be able to place all manner of bets on eSports professional players’ performance. Wagering will be available on a wide range of professional eSports events from around the world.
  • Company also intends to offer the widest selection of video games of skill, designed to be compatible for all applications including mobile and in multiple languages, to be played online for real money in small groups, tournaments and major events

The Opportunity

INTERNET GAMBLING EXPENDITURE IS INCREASING GLOBALLY

Online gambling, also known as Internet gambling and iGambling, is a general term for gambling using the Internet.

  • $40B industry with +20% annual growth
  • Sports betting estimated to be 41% of total online market.
  • Internet gambling represents +10% of global gambling market

eSports

Electronic sports (also known as eSports, e-sports,
competitive gaming, or progamming in Korea) is a term for organized multiplayer video game competitions.
Last year Riot Games’ “League of Legends” world championship had 27 million streaming views. To provide some correlation, it was more than the average viewership of the World Series of baseball, which is the second most viewed sport in the USA. The number of professional eSports tournaments worldwide more than tripled from 430 in 2013 to 1,485 in 2014.

  • eSports organizations hosting major tournaments include the Electronic Sports League in Europe, Major League Gaming in North America, and the Korean eSports Association founded by the Korean government and affliated to the Korean Olympic Committee
  • China and Korea continue to dominate the global eSports market
  • eSports are currently being seriously considered by the IOC as an Olympic sport

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Liberty Star Extends Warrants’ Expiration Date by Three Years $LBSR.us

Posted by AGORACOM-JC at 11:45 AM on Wednesday, June 8th, 2016

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  • Announced that the expiration date of certain previously issued warrants has been extended by three years.
  • Expiration date of any warrant issued by Liberty Star between May 1, 2013 and May 1, 2016 that was outstanding on May 1, 2016 has been extended for an additional three years.

TUCSON, AZ–(June 08, 2016) – Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCBB: LBSR) (OTC PINK: LBSR) today announced that the expiration date of certain previously issued warrants has been extended by three years.

The expiration date of any warrant issued by Liberty Star between May 1, 2013 and May 1, 2016 that was outstanding on May 1, 2016 has been extended for an additional three years. All other terms of the warrants, including the exercise price, remain unchanged. In addition, all terms of warrants issued prior to May 1, 2013 or after May 1, 2016, including the expiration date, remain unchanged.

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

About Liberty Star Uranium & Metals Corp.

Liberty Star Uranium & Metals Corp. is engaged in the acquisition and exploration of mineral properties in the States of Arizona and southwest USA. The Company’s website address is www.libertystaruranium.com.

Forward-Looking Statements

Some statements in this release may be “forward-looking statements” for the purposes of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by words such as “believe,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company’s Annual Report on Form 10-K for the year ended January 31, 2016, as updated from time to time in our filings with the Securities and Exchange Commission. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services.

Follow Liberty Star Uranium & Metals Corp. on Agoracom, Facebook, LinkedIn & Twitter@LibertyStarLBSR

Contact:
Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar

or

Liberty Star Uranium & Metals Corp.
Tracy Myers
520-425-1433
Investor Relations
[email protected]

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Namaste Signs Definitive Agreement for Acquisition of VaporSeller and Announces Private Placement $N.ca

Posted by AGORACOM-JC at 6:52 PM on Tuesday, June 7th, 2016

http://www.namastetechnologies.com/wp-content/uploads/2016/03/logops-3.png

  • Signed an Asset Purchase Agreement dated June 7, 2016 with Haze Industries Inc. for the acquisition of certain assets relating to VaporSeller
  • An e-commerce platform for the distribution of vaporizers and accessories that is focused on the US market and generated an unaudited revenue of $3.4 million in 2015

TORONTO, ONTARIO–(June 7, 2016) – Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N)(FRANKFURT:M5BQ) reports that further to its announcement on April 14, 2016, the Company has signed an Asset Purchase Agreement (the “Agreement”) dated June 7, 2016 with Haze Industries Inc. for the acquisition of certain assets relating to VaporSeller (the “Transaction”), an e-commerce platform for the distribution of vaporizers and accessories that is focused on the US market and generated an unaudited revenue of $3.4 million in 2015.

Pursuant to the terms of the Agreement, Namaste’s U.S. subsidiary will acquire all the website domains, customer list of over 150,000 individuals, intellectual property and goodwill, and related support services associated with VaporSeller, in exchange for US$500,000 of cash on closing, 5 million shares of the Company and an earn-out of US$1.5 million over 3-years, subject to revenue, margin and operational controls. The Agreement supersedes and replaces the Binding Letter of Intent entered into between the parties. The Company anticipates closing the Transaction on or about June 30, 2016, subject to the receipt of all director and regulatory approvals including approval of the Canadian Securities Exchange if required.

In addition to signing the Agreement, Namaste announces that it has arranged, subject to the acceptance of the Canadian Securities Exchange, a non-broker private placement of a minimum of 8.5 million units to a maximum of 12.5 million units (the “Units”) of the Company at a price of $0.12 per Unit for total gross proceeds of approximately $1.0 to $1.5 million (the “Offering”). The Company also reserves the option, exercisable at any time up to and including the closing date, to increase the total size of the Offering by up to 15% of the number of Units. Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable to acquire one common share at a price of $0.18 for a period of 24-months. All securities issued in connection with the Offering will have a hold period of four months plus one day from the closing date of the Offering.

Upon closing of the Offering, the net proceeds from the Offering will be used to fund cash closing costs associated with the Transaction, inventory expansion and general working capital purposes.

Finder’s fees comprised of 7% cash and 7% non-transferable share purchase warrants may be paid in connection with the Offering. Any finders’ fees will be payable in accordance with the policies of the Canadian Securities Exchange. Management anticipates the Offering will close on or about June 24, 2016.

Mr. Sean Dollinger, President and CEO of Namaste, comments: “The signing of the definitive agreements for the acquisition of VaporSeller represents a significant step forward in terms of the completion of this transaction. As the first of multiple opportunities we have identified to expand through acquisition, our management team is high focused on ensuring an efficient and effective execution of this transaction as well as a seamless integration of our current platform and VaporSeller. We look forward to continuing to work with the team from Haze to accomplish these objectives.”

About Haze Industries Inc.

Haze Industries, Inc., a privately owned entity, was founded in 2010 and has quickly become a thought-leader in the vaporizer industry. Based in Atlanta, Georgia, Haze operates sales and distribution channels in the industry, including VaporSeller, one of the leading online sales platforms in the United States, focused on the best-selling brands sourced from leading US and international manufacturers. Haze is comprised of industry experts with backgrounds in business management, design and manufacturing, computer programming, e-commerce, and US sales, distribution and fulfillment.

About Namaste Technologies Inc.

Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has over 30 e-commerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.

On behalf of the Board of Directors

Sean Dollinger, Chief Executive Officer

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

Parent Company – www.namastetechnologies.com

Manufacturing – www.grizzlyoriginals.com

E-Commerce – www.namastevaporizers.co.uk

Wholesale – www.distributiongoods.com

FORWARD-LOOKING INFORMATION

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

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

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

Namaste Technologies Inc.
Sean Dollinger
Chief Executive Officer
+1 (604) 685-8045
+1 (786) 389-9771
[email protected]
www.namastetechnologies.com

 

 

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