Posted by AGORACOM
at 2:34 PM on Friday, January 24th, 2020
VANCOUVER, BC / January 24, 2020 / VERTICAL EXPLORATION INC. (TSXV:VERT) (“Vertical” or “the Company”) announces that it has arranged a non-brokered private placement of up to 26 million units (“Units”) at a price of $0.05 per Unit for aggregate gross proceeds of $1,300,000.00 (the “Offering”).
Each unit will be comprised of one common share (“Share”) and one-half of one transferable Share purchase warrant of the Company (“Warrant”). Each full Warrant will entitle the Subscriber to purchase one Warrant Share for a 24-month period after the Closing Date at an exercise price of $0.07 per share. Proceeds raised from the Offering will be used to advance the Company’s St. Onge project in Quebec, for general working capital and unallocated funds as per Tier 2 status requirements.
Finders’ fees may be payable on the private placement, subject to the policies of the TSX Venture Exchange.
This offering is subject to TSX Venture Exchange acceptance.
ABOUT VERTICAL EXPLORATION
Vertical Exploration’s mission is to identify, acquire, and advance high potential mining prospects located in North America for the benefit of its stakeholders. The Company’s flagship St-Onge Wollastonite property is located in the Lac-Saint-Jean area in the Province of Quebec.
ON BEHALF OF THE BOARD
Peter P. Swistak, President
FOR FURTHER INFORMATION PLEASE CONTACT: Telephone: 1-604-683-3995 Toll Free: 1-888-945-4770
Posted by AGORACOM
at 7:38 PM on Friday, January 10th, 2020
Definitive distribution agreement to partner on the sale of
Vertical’s wollastonite from its world-class St-Onge Deposit in place.
Supplying the fast growing cannabis and hemp industries.
Vertical’s high quality Wollastonite has been shown to be beneficial to cannabis plants in a variety of ways
In every case the most optimal results occurred with an admixture rate of 10% to 15% wollastonite to the growth medium.
The
high-grade St-Onge Wollastonite deposit has pit-constrained mineral
resources of: 7,155,000 tonnes Measured@ 36.20% Wollastonite &
6,926,000 tonnes Indicated@ 37.04%
B.C. Buds Testing Confirmed Wollastonite is critical to marijuana growers
Engaged
AGRINOVA over the past year to conduct research and testing of
Vertical’s St-Onge wollastonite on a range of important agricultural end
uses.
WOLLASTONITE
St-Onge-Wollastonite Deposit located approximately 90 kilometres
Northwest of the city of Saguenay, in St-Onge township, in the
Saguenay-Lac-St-Jean region of Quebec, Canada.
Research and testing in the Phase 1 program for use in cannabis growth was managed and monitored by AGRINOVA, a highly-regarded Center for Research and Innovation in Agriculture in Quebec
Posted by AGORACOM
at 7:52 PM on Monday, January 6th, 2020
Definitive distribution agreement to partner on the sale of
Vertical’s wollastonite from its world-class St-Onge Deposit in place.
Supplying the fast growing cannabis and hemp industries.
Vertical’s high quality Wollastonite has been shown to be beneficial to cannabis plants in a variety of ways
In every case the most optimal results occurred with an admixture rate of 10% to 15% wollastonite to the growth medium.
The
high-grade St-Onge Wollastonite deposit has pit-constrained mineral
resources of: 7,155,000 tonnes Measured@ 36.20% Wollastonite &
6,926,000 tonnes Indicated@ 37.04%
B.C. Buds Testing Confirmed Wollastonite is critical to marijuana growers
Engaged
AGRINOVA over the past year to conduct research and testing of
Vertical’s St-Onge wollastonite on a range of important agricultural end
uses.
WOLLASTONITE
St-Onge-Wollastonite Deposit located approximately 90 kilometres
Northwest of the city of Saguenay, in St-Onge township, in the
Saguenay-Lac-St-Jean region of Quebec, Canada.
Research and testing in the Phase 1 program for use in cannabis growth was managed and monitored by AGRINOVA, a highly-regarded Center for Research and Innovation in Agriculture in Quebec
Posted by AGORACOM
at 4:25 PM on Tuesday, December 10th, 2019
Definitive distribution agreement to partner on the sale of
Vertical’s wollastonite from its world-class St-Onge Deposit in place.
Supplying the fast growing cannabis and hemp industries.
Vertical’s high quality Wollastonite has been shown to be beneficial to cannabis plants in a variety of ways
In every case the most optimal results occurred with an admixture rate of 10% to 15% wollastonite to the growth medium.
The
high-grade St-Onge Wollastonite deposit has pit-constrained mineral
resources of: 7,155,000 tonnes Measured@ 36.20% Wollastonite &
6,926,000 tonnes Indicated@ 37.04%
B.C. Buds Testing Confirmed Wollastonite is critical to marijuana growers
Engaged
AGRINOVA over the past year to conduct research and testing of
Vertical’s St-Onge wollastonite on a range of important agricultural end
uses.
WOLLASTONITE
St-Onge-Wollastonite Deposit located approximately 90 kilometres
Northwest of the city of Saguenay, in St-Onge township, in the
Saguenay-Lac-St-Jean region of Quebec, Canada.
Research and testing in the Phase 1 program for use in cannabis growth was managed and monitored by AGRINOVA, a highly-regarded Center for Research and Innovation in Agriculture in Quebec
Posted by AGORACOM
at 1:33 PM on Tuesday, December 3rd, 2019
Definitive distribution agreement to partner on the sale of Vertical’s wollastonite from its world-class St-Onge Deposit in place.
Supplying the fast growing cannabis and hemp industries.
Vertical’s high quality Wollastonite has been shown to be beneficial to cannabis plants in a variety of ways
In every case the most optimal results occurred with an admixture rate of 10% to 15% wollastonite to the growth medium.
The high-grade St-Onge Wollastonite deposit has pit-constrained mineral resources of: 7,155,000 tonnes Measured@ 36.20% Wollastonite & 6,926,000 tonnes Indicated@ 37.04%
B.C. Buds Testing Confirmed Wollastonite is critical to marijuana growers
Engaged AGRINOVA over the past year to conduct research and testing of Vertical’s St-Onge wollastonite on a range of important agricultural end uses.
WOLLASTONITE
St-Onge-Wollastonite Deposit located approximately 90 kilometres Northwest of the city of Saguenay, in St-Onge township, in the Saguenay-Lac-St-Jean region of Quebec, Canada.
Research and testing in the Phase 1 program for use in cannabis growth was managed and monitored by AGRINOVA, a highly-regarded Center for Research and Innovation in Agriculture in Quebec
Posted by AGORACOM
at 5:57 PM on Thursday, November 28th, 2019
Definitive distribution agreement to partner on the sale of Vertical’s wollastonite from its world-class St-Onge Deposit.
Supplying the fast growing cannabis and hemp industries.
Vertical’s high quality Wollastonite has been shown to be beneficial to cannabis plants in a variety of ways
In every case the most optimal results occurred with an admixture rate of 10% to 15% wollastonite to the growth medium.
The high-grade St-Onge Wollastonite deposit has pit-constrained mineral resources of: 7,155,000 tonnes Measured@ 36.20% Wollastonite & 6,926,000 tonnes Indicated@ 37.04%
B.C. Buds Testing Confirmed Wollastonite is critical to marijuana growers
Engaged AGRINOVA over the past year to conduct research and testing of Vertical’s St-Onge wollastonite on a range of important agricultural end uses.
WOLLASTONITE
St-Onge-Wollastonite Deposit located approximately 90 kilometres
Northwest of the city of Saguenay, in St-Onge township, in the
Saguenay-Lac-St-Jean region of Quebec, Canada.
Research and testing in the Phase 1 program for use in cannabis growth was managed and monitored by AGRINOVA, a highly-regarded Center for Research and Innovation in Agriculture in Quebec
Posted by AGORACOM
at 9:29 AM on Thursday, November 21st, 2019
A definitive distribution agreement to partner on the sale of Vertical’s wollastonite from its world-class St-Onge Deposit
Vertical will supply wollastonite to AREV Brands for distribution and/or resale
Vertical’s high quality wollastonite has been shown to be beneficial to cannabis plants – significant improvements in root mass, powdery mildew control and pest elimination.
At a microscopic level, wollastonite’s needle-like structure penetrates soft-bodied insect larvae and pupae, interrupting the life cycle without the use of pesticides
VERTICAL EXPLORATION INC. (TSXV:VERT) and AREV BRANDS INTERNATIONAL LTD. (CSE:AREV) are pleased to announce that, further to the press release of September 12th, 2019, the two companies have entered into a definitive distribution agreement to partner on the sale of Vertical’s wollastonite from its world-class St-Onge Deposit in order to supply the fast growing cannabis and hemp industries.
Vertical
and AREV Brands have agreed to enter into this distribution agreement,
whereby Vertical will supply wollastonite materials produced from its
St-Onge mineral property located in Quebec to AREV Brands for
distribution and/or resale to both small scale “craft” cannabis or hemp
growing operations and large scale cannabis or hemp growing operations
licensed by Health Canada.
Vertical’s
high quality wollastonite has been shown to be beneficial to cannabis
plants in a variety of ways. In February 2019, Vertical announced the
successful completion of Phase Three trials involving cannabis grown
with wollastonite (CaSiO3) as a soil additive at BC Bud Depot’s (BCBD)
ACMPR-licenced Research and Development facilities in Vancouver, BC. In
the Phase Three trials BCBD measured and recorded significant
improvements in root mass, powdery mildew control and pest elimination.
At a microscopic level, wollastonite’s needle-like structure penetrates
soft-bodied insect larvae and pupae, interrupting the life cycle without
the use of pesticides. Wollastonite’s unique properties also allow it
to break down into calcium, magnesium and silicon in a highly
bio-available form that balances soil PH throughout the growth cycle –
this allows the cannabis plants to uptake silicic acid and promotes
strong cell walls that better resist insect feeding and spore
penetration, supporting increased growth and elevated product yields.
(see February 5th, 2019 news release)
Peter
P. Swistak, President/CEO of Vertical Exploration Inc., commented: “We
are very pleased to have signed our first distribution and sales
agreement with AREV Brands, as we believe there is a large and growing
cannabis and hemp market opportunity for Vertical’s world-class St-Onge
wollastonite. I firmly believe that this distribution partnership will
be highly beneficial to both companies.”
This transaction is subject to the approval of the TSX Venture Exchange.
ABOUT AREV BRANDS INTERNATIONAL LTD.
AREV
Brands International Ltd. (“AREV”) produces and delivers functional
compounds and ingredients from its world-class extraction systems. AREV
is revolutionizing the current delivery method of terpenes, cannabinoids
and flavonoids. These premium ingredients and formulations are used in
products targeted for sale in the natural health, medical, functional
food, nutraceutical, sport nutrition and bioceutical markets. AREV
innovates through extraction to produce extracts from specific selected
plant and exude from trees that address 5 areas of health including
Anxiety, Pain Management, Insomnia, Central Nervous System Disorders
& Libido.
ABOUT VERTICAL EXPLORATION
Vertical
Exploration’s mission is to identify, acquire, and advance high
potential mining prospects located in North America for the benefit of
its stakeholders. The Company’s flagship St-Onge Wollastonite property
is located in the Lac-Saint-Jean area in the Province of Quebec.
Posted by AGORACOM
at 12:25 PM on Monday, November 18th, 2019
VERT: v –
Vertical Exploration and Venturevest Realty Partners LLC have signed a non- binding Letter of Intent (LOI) to enter into discussions regarding a secured Note Facility up to a maximum amount of $20 million CAD to support the multi-phased development of the St-Onge Wollastonite Deposit.
A staged credit facility allowing Vertical to move forward with four distinct phases of St-Onge development, first establishing the initial quarry style permitting and production phase through to the mining and final processing plant stage.
What is Wollastonite?
Wollastonite is a chemically simple mineral named in honor of English mineralogist and chemist Sir W.H. Wollaston (1766–1828). It is composed of calcium (Ca) and silicon and oxygen (SiO2, silica) with the chemical formula CaSiO3. Although much wollastonite is relatively pure CaSiO3, it can contain some iron, magnesium, manganese, aluminum, potassium, sodium, or strontium substituting for calcium in the mineral structure. Pure wollastonite is bright white; the type and amount of impurities can produce gray, cream, brown, pale-green, or red colors.
Wollastonite’s Many Uses
Cannabis Research:
Wollastonite has already many well-known benefits in agriculture
Testing in a controlled way for the use in the cannabis industry.
Possibly the first in the industry to do trials.
Engaged AGRINOVA for Wollastonite Research and Development
Entered into a
Distribution Agreement with AREV Brands, where Vertical will supply its
St-Onge wollastonite to AREV for direct distribution to both small-scale
craft growing operations and potentially larger-scale Health Canada
approved companies directly involved in growing and processing cannabis
and hemp.
Testing of Vertical’s St-Onge wollastonite on a range of important agricultural end uses will also be conducted
Became a member of the International Fertilizer Industry Association
(IFA), as part of its ongoing efforts to promote and strategically
market it’s world-class St-Onge wollastonite to a range of potential
end-users.
Major Demand in Ceramics Industry:
Combination of high brightness and low gas release of Wollastonite when heated creates demand
Brilliant whiteness of importance to coatings and filler markets
Wollasatonite applications are endless
An industrial mineral comprised
chemically of calcium, silicon and oxygen. Its molecular formula is
CaSiO3 and its theoretical composition consists of 48.28% CaO and 51.72%
SiO2.
St. Onge Wollastonite Deposit 2019
Twenty-three (23) drill holes totaling 1,784.0 metres were completed
Twenty (20) drill holes intersected high-grade wollastonite zones,
confirming excellent continuity and correlation with the thickly
mineralized zones intersected by previously reported historical drill
holes.
Sixteen (16) drill holes intersected high-grade wollastonite zones
right up until the end of the hole, which are all open at depth.
A total of 1,107.5 meters of high-grade wollastonite mineralized
core length was intersected, representing approximately 62% of all
drilled core length.
Posted by AGORACOM
at 12:36 PM on Thursday, October 3rd, 2019
VANCOUVER, BC / ACCESSWIRE / October 3, 2019 /VERTICAL
EXPLORATION INC. (TSXV:VERT) (“Vertical” or “the Company”) and
Venturevest Realty Partners LLC (“Venturevest”) are pleased to announce
that the two companies have signed a non- binding Letter of Intent (LOI)
to enter into discussions regarding the provision by Venturevest of a
secured Note Facility up to a maximum amount of $20 million CAD to
support the multi-phased development of the St-Onge Wollastonite
Deposit.
The Note Facility would be a staged credit facility that
would provide the required financing to allow Vertical to move forward
with four distinct phases of St-Onge development, from the initial
quarry style permitting and production phase through to the mining and
final processing plant stage. Vertical views this potential Note
Facility financing as a significant development that would enable the
Company to rapidly develop and expand its St-Onge Wollastonite Deposit.
Further
details regarding the Note Facility Agreement will be provided as soon
as all terms have been negotiated between Vertical and Venturevest. The
Agreement is subject to a due diligence period that is anticipated to be
completed within the next 60 days. This transaction is subject to the
approval of the TSX Venture Exchange.
ABOUT VENTUREVEST REALTY PARTNERS LLC.
Venturevest Realty Partners LLC (“Venturevest”) is a New York corporation.
ABOUT VERTICAL EXPLORATION
Vertical
Exploration’s mission is to identify, acquire, and advance high
potential mining prospects located in North America for the benefit of
its stakeholders. The Company’s flagship St-Onge Wollastonite property
is located in the Lac-Saint-Jean area in the Province of Quebec.
Posted by AGORACOM
at 8:51 AM on Thursday, September 12th, 2019
Vertical entered into a non-binding Letter of Intent to partner on the distribution of Vertical’s Wollastonite from its world-class St-Onge Deposit in order to supply the fast growing cannabis and hemp industries.
Vertical’s high quality Wollastonite has been shown to be beneficial to cannabis plants in a variety of ways
In every case the most optimal results occurred with an admixture rate of 10% to 15% wollastonite to the growth medium.
VANCOUVER, BC / ACCESSWIRE / September 12, 2019 / VERTICAL EXPLORATION INC. (TSX-V:VERT) (“Vertical” or “the Company”) and AREV BRANDS INTERNATIONAL LTD. (AREV) (“AREV Brandsâ€) are pleased to announce that the two companies have entered into a non-binding Letter of Intent (LOI) to partner on the distribution of Vertical’s wollastonite from its world-class St-Onge Deposit in order to supply the fast growing cannabis and hemp industries.
Under the terms of the non-binding LOI, Vertical will enter into a Distribution Agreement with AREV Brands, whereby Vertical will supply its St-Onge wollastonite to AREV Brands for direct distribution to both small-scale craft growing operations and potentially larger-scale Health Canada approved companies directly involved in growing and processing cannabis and hemp.
Vertical’s high quality wollastonite has been shown to
be beneficial to cannabis plants in a variety of ways. In February
2019, Vertical announced the successful completion of Phase Three trials
involving cannabis grown with wollastonite (CaSiO3) as a soil additive
at BC Bud Depot’s (BCBD) ACMPR-licenced Research and Development
facilities in Vancouver, BC. In the Phase Three trials BCBD measured and
recorded significant improvements in root mass, powdery mildew control
and pest elimination. In every case the most optimal results occurred
with an admixture rate of 10% to 15% wollastonite to the growth medium.
Most notably, powdery mildew, the most common fungal blight to affect
Cannabis sativa, was virtually undetectable with wollastonite admixture
above 10%. An admixture above 10% wollastonite also correlated with
sharp reductions in the presence of thrips and fungus gnats, insect
pests with a sub-soil life phase in which the wollastonite crystals
lacerate and impale their soft bodies. At a microscopic level,
wollastonite’s needle-like structure penetrates soft-bodied insect
larvae and pupae, interrupting the life cycle without the use of
pesticides.
Wollastonite’s unique properties also allow it to
break down into calcium, magnesium and silicon in a highly bio-available
form that balances soil PH throughout the growth cycle – this allows
the cannabis plants to uptake silicic acid and promotes strong cell
walls that better resist insect feeding and spore penetration,
supporting increased growth and elevated product yields. (see February
5th, 2019 news release)
Vertical and AREV Brands believe there is a
significant cannabis and hemp market opportunity for Vertical’s St-Onge
wollastonite over both the near and longer term, and that the
anticipated distribution partnership will be highly beneficial to both
companies.
Further details regarding the Distribution Agreement
will be provided as soon as all terms of the Agreement have been
finalized between Vertical and AREV Brands. This transaction is subject
to the approval of the TSX Venture Exchange.
ABOUT AREV BRANDS INTERNATIONAL LTD.
AREV Brands International Ltd. (“AREVâ€) produces and
delivers functional compounds and ingredients from its world-class
extraction systems. AREV is revolutionizing the current delivery method
of terpenes, cannabinoids and flavonoids. These premium ingredients and
formulations are used in products targeted for sale in the natural
health, medical, functional food, nutraceutical, sport nutrition and
bioceutical markets. AREV innovates through extraction to produce
extracts from specific selected plant and exude from trees that address 5
areas of health including Anxiety, Pain Management, Insomnia, Central
Nervous System Disorders & Libido.
ABOUT VERTICAL EXPLORATION
Vertical Exploration’s mission is to identify,
acquire, and advance high potential mining prospects located in North
America for the benefit of its stakeholders. The Company’s flagship
St-Onge Wollastonite property is located in the Lac-Saint-Jean area in
the Province of Quebec.
ON BEHALF OF THE BOARD Peter P. Swistak, President/CEO
