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Robix Signs Exclusive Deal With Rayco to Manufacture COV

Posted by AGORACOM-JC at 12:35 PM on Monday, December 8th, 2014

Deal Contemplates Marine and Oil Sand Tailings Applications

LETHBRIDGE, ALBERTA–(Dec. 8, 2014) – Robix Alternative Fuels Inc. (“Robix” or the “Corporation”) (CSE:RZX)(FRANKFURT:R0X) announced today that it has signed an exclusive manufacturing agreement with Rayco Steel Ltd, of Sparwood, British Columbia, to manufacture the Clean Ocean Vessel (COV). The manufacturing agreement covers the current design of the COV which is targeted toward oil spill containment and recovery in marine applications. In addition, Rayco also has exclusive rights to manufacture subsequent COV designs including non-marine applications such as waste water streams from the oil sands and oil production environments generally. Finally, Rayco will provide Quality Assurance Quality Control to Robix on all COV manufacturing even in instances where the COV is manufactured off-site. The agreement is in effect until terminated by Rayco giving Robix not less than 60 days prior written notice. Pricing will be determined between parties at the time of the order.

“Rayco’s work to date on our first commercial COV has been excellent and that quality workmanship has given me confidence in selecting them as our exclusive COV manufacturer,” commented Nathan Hansen, President and CEO of Robix. “They have project managed the construction, worked to a tight budget and been instrumental in working with marine engineers and architect group as well as Transport Canada to facilitate design improvements to the COV which will make this iteration, a product that meets 21st century specifications.” Mr. Hansen continued, “Our business model has always been to be the owner and marketer of leading edge technology in this space. By contracting the COV construction to Rayco, we are not incurring extensive capex costs from purchasing manufacturing facilities. As a result we are managing our share structure which is small compared to our peers at a similar stage of development. Our goal is to be selling COV products in the first half of 2015.”

In addition, Robix has been examining the use of the COV design in non-marine applications including tailings ponds in the Alberta Oil Sands projects. A tailings pond is an engineered dam and dyke system that is used as a settling basin/storage container for the mixture of water, sand, clay and residual oil that is left over after oil sands processing. Management believes the COV could be used in these environments to contain and recover oil from the tailings ponds.

Mr. Hansen continued, “In tandem to building the first commercial COV, we’ve been working with Rayco on testing the principles of the COV design on non-marine applications. These include waste water streams from oil production and represents a new potentially lucrative revenue stream for Robix. The COV is a very versatile design which can be applied to a number of applications. I look forward to exploring this avenue further, but our first priority is to get the COV into the water to test its performance in open seas and prove sea worthiness. We are slightly behind schedule and due to the December holiday season will likely be ready to launch the COV in January.”

About Rayco

Rayco operates a 17,000 sq. ft. state-of-the-art fabrication shop in Sparwood, BC and employs 68 qualified professionals. Rayco has been supplying mines and industry with quality steel fabrication and QC work since 1980. Certified to division 2.1 with the C.W.B, Rayco provides structural steel fabrication, heavy plate work, maintenance and equipment upgrades. In addition, they are qualified supplier to Teck Coal Ltd. sites.

About Robix:

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

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

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

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

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

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Globally, Infrastructure Investment in High Demand

Posted by AGORACOM-JC at 9:32 AM on Monday, December 8th, 2014

Calgary, Alberta / December 8, 2014 / Like veins and arteries in the human body, infrastructure is absolutely vital to a city. Infrastructure promotes commerce, facilitates exports and can be big business. Hedge funds, private equity and even sovereign wealth funds routinely invest in toll roads, bridges, utilities and port facilities around the globe. What’s the allure of such investments? Long-term, steady, recurring revenues. In many instances the growth in revenue is thought to be at about the rate of GDP in the region. In a world with unusually low interest and stock markets at all-time highs, the hunt for decent returns is on. Clearly, it makes sense to invest in fast-growing parts of the world, but to mitigate risk it also makes sense to invest in safe places.

The next best way to invest in infrastructure build outs and the maintenance of these assets, is to invest in companies that provide essential services to support and grow infrastructure needs. Attractive investments are not easy to come by. Investing in large, publicly-listed companies might give one the desired exposure, but large enterprises are typically tied to the volatility of the stock markets. Instead, smaller companies involved in the space have the distinct advantage of being able to grow rapidly through acquisitions. Acquisitions not only move the needle, but also diversify revenue streams and mitigate overall risk. Even better would be a small publicly-listed company that is actively rolling up private, “mom & pop shops” that can be acquired at very attractive valuations. One such company, one of the very few doing this in Alberta, is TSX Venture-listed QE2 Acquisition Corp. [TSXV:QE]. “QE2” refers to the north-south Alberta highway that connects its two largest cities: Calgary and Edmonton. Effectively, it’s the backbone that keeps Alberta moving. A company like QE2 should have low correlation to the overall stock markets as it pursues its roll-up strategy.

First Two Acquisitions

QE2 has already made two acquisitions; the first was Pillar Contracting in October, 2013. The primary services of portfolio company Pillar include; street light bulb replacement and post painting, safety testing for street light integrity, traffic lights maintenance and flagging services, among other things. Pillar had a 16 year history of success and growth prior to being acquired by QE2 and has its sights on continuing this trend. Importantly, the Founder of Pillar agreed to continue to operate the business – a common theme among QE2’s acquired portfolio companies. As part of QE2, Pillar has access to a strong customer base including major utility companies and municipalities in Alberta and Saskatchewan. Pillar offers QE2 possible expansion into the private sector with a focus on parking lots, transmission boxes, cable boxes and oversized loads. Therefore, like QE2’s other portfolio business and acquisitions to follow, low-risk, high visibility recurring revenue streams through service and maintenance are the key.

Candesto Enterprises was acquired in April, 2014. Primary services include, assembly and installation of highway signs, guardrails and miscellaneous fencing installations. Candesto had a successful operating history of over 20 years and the Founder is willing to stay on for another five years. Therefore, QE2 management expects consistent margins and operating performance from Candesto. Candesto’s customer base includes municipalities and general contractors.

These two acquisitions are examples of the private companies that make the grade: steady growth, solid margin companies on their own, but combined with other portfolio companies, ample opportunities for synergies. The client base of each acquired company instantly becomes customer targets for all of QE2’s portfolio companies. In a recent interview, CEO and Director Mr. Mihali (Mike) Belantis commented, “Our companies provide niche or speciality services to the municipalities and blue chips, meaning the likes of Epcor and Fortis. So QE2’s companies are not directly exposed to the cyclicality of the oil and gas sectors but instead to the infrastructure and utility investment by the province and secondary enterprise in Alberta. And our oil & gas exposure is further dampened by the fact that a significant portion of our revenue comes from maintenance work in addition to installation work.”

QE2 is an M&A expert and has a pipeline of future acquisitions that it believes could vault annual revenues from about $10 million to $100 million by 2018. For each deal they commit to, they pass on many others. Finding companies that are the right fit is what the management team specializes in, and this is a company with a top-tier management team by any measure. Growth in 2015 is expected to be robust with the acquisition of 2-3 new portfolio companies.

Why Alberta?

Earlier I mentioned that hedge and private equity funds can earn attractive returns by building infrastructure. A way in which they can boost equity returns is by employing debt. As a public company with strong financial backers, QE2 also has access to debt. QE2 uses a prudent mix of debt, cash on hand and QE2 shares (some of which go to the principals of the private companies) to make acquisitions. Over time, synergies could become an important growth and margin enhancer.

QE2 has a very well done and informative corporate presentation. According to its November slide deck, “Alberta is growing at the fastest rate of any province in Canada and has been the leader of economic growth for the past 20 years. Exceptional economic landscape is backed by aggressive government plans to continue building new infrastructure over the next decade. Projected infrastructure growth due to the economic growth and continued population expansion provides a fertile platform for business. Alberta’s economic expansion is expected to accelerate to 3.7% in 2014 after gaining momentum through 2013. Alberta’s robust outlook builds on an estimated 3.3% expansion in 2013, the fourth straight year above 3.0%, outperforming Canada and U.S. economic growth.”

As a recent example of Alberta’s commitment to growth, on November 10th Alberta and Ottawa signed a renewed, expanded deal to deliver $2.3 billion in gas tax funds to help municipalities build infrastructure. These funds are designed for important core civic infrastructure. The deal will deliver $208 million to Alberta this year and a total of $2.3 billion by 2024. Of course most Canadians already know that Alberta is a leader in investment, population growth, exports, GDP, housing, construction and employment growth. However, I should add that Alberta’s growth has been among the strongest of any region in North America.

Conclusion

Investing in infrastructure and utilities through hedge funds and private equity is out of the reach for most investors. A good way to get exposure to what the, “smart money” is doing is by investing in QE2 Acquisition Corp. As one of the first and most aggressive aggregators of solidly profitable Albertan private companies, investors get the best of both worlds- a strong underlying economy that supports growth and relatively low-risk businesses that taken together, make the whole less risky than the sum of the parts. Furthermore, I believe over time that QE2 should exhibit low correlation to the overall stock markets, a distinct advantage compared to larger less diversified peers. With a tight share structure of 28.5 million shares with and just over 15 million free trading shares at this time, QE2 is definitely a company worth looking closely at.

Please click on the following links for more information:

Corporate Homepage:

Bob Moriarty article November 24th.
Interview with CEO November 19th.

By Peter Epstein

Disclosure: Mr. Epstein owns shares of QE2 Acquisition Corp. This article and all articles written by Mr. Epstein does not represent investment advice and express his opinions only. Mr. Epstein is not a registered investment advisor. Readers should consult with their own investment advisors before considering buying or selling any securities mentioned in this article. The author has been retained by QE2 Acquisition Corp for consulting purposes.

CONTACT INFORMATION

QE2 Acquisition Corp.
Mihalis Belantis
CEO and Director
(403) 701-7299
[email protected]

SOURCE: QE2 Acquisition Corp.

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Why Elon Musk’s Batteries Scare the Hell Out of the Electric Company

Posted by AGORACOM-JC at 10:57 AM on Friday, December 5th, 2014
Tesla Factory in California
Tesla Motor Inc. associates work on a Model S at the company’s factory in Fremont, California. More than 100,000 plug-ins have been sold in California, according to data from HybridCars.com and Baum & Associates, though electric vehicles make up less than 1 percent of all U.S. car sales. Photographer: David Paul Morris/Bloomberg

Here’s why something as basic as a battery both thrills and terrifies the U.S. utility industry.

At a sagebrush-strewn industrial park outside of Reno, Nevada, bulldozers are clearing dirt for Tesla Motors Inc. (TSLA:US)’s battery factory, projected to be the world’s largest.

Tesla’s founder, Elon Musk, sees the $5 billion facility as a key step toward making electric cars more affordable, while ending reliance on oil and reducing greenhouse gas emissions. At first blush, the push toward more electric cars looks to be positive for utilities struggling with stagnant sales from energy conservation and slow economic growth.

Yet Musk’s so-called gigafactory may soon become an existential threat to the 100-year-old utility business model. The facility will also churn out stationary battery packs that can be paired with rooftop solar panels to store power. Already, a second company led by Musk, SolarCity Corp. (SCTY:US), is packaging solar panels and batteries to power California homes and companies including Wal-Mart Stores Inc. (WMT:US)

“The mortal threat that ever cheaper on-site renewables pose” comes from systems that include storage, said Amory Lovins, co-founder of the Rocky Mountain Institute, a Snowmass, Colorado-based energy consultant. “That is an unregulated product you can buy at Home Depot that leaves the old business model with no place to hide.”

J.B. Straubel, chief technology officer for Palo Alto, California-based Tesla, said the company views utilities as partners not adversaries in its effort to build out battery storage. Musk was not available for comment.

The Tesla systems are arriving just as utilities begin to feel increasing pressure worldwide from the disruption posed by renewable energy.

Lima Meeting

In Germany, the rapid rise of tax-subsidized clean energy has undermined wholesale prices and decimated the profitability of coal and natural gas plants. Germany’s largest utility EON SE (EOAN) said this week it will spin off its fossil-fuel plant business to focus on renewables in part because of new clean energy competitors coming onto its turf.

Threats to the traditional utility model come as energy and environment take the world stage at the latest round of United Nations climate talks that began Dec. 1 in Lima. Delegates, backed by global environmental groups, want to leave the conference with a draft agreement to tackle climate change by lowering carbon-dioxide emissions — something that has eluded them for years.

The Rocky Mountain Institute’s Lovins has installed solar on his house in Snowmass and uses it to power his electric car. His monthly electric bill: $25. He has a lot of company.

100,000 Plug-ins

In California, where 40 percent of the nation’s plug-in cars have been sold, about half of electric vehicle owners have solar or want to install it, according to a February survey by the Center for Sustainable Energy, a green-energy advocate. More than 100,000 plug-ins have been sold in California, according to data from HybridCars.com and Baum & Associates, though EVs make up less than 1 percent of all U.S. car sales.

Few homes and businesses use solar and back-up-battery storage, proof for some utilities that the systems remain a hard sell outside of states like California or markets like Hawaii where high power costs make solar competitive.

Still, the Edison Electric Institute, a trade group representing America’s investor-owned utilities, recently announced that its members will help to encourage electric vehicle use by spending $50 million annually to buy plug-in service trucks and invest in car-charging technology.

“Advancing plug-in electric vehicles and technologies is an industry priority,” said EEI President Thomas Kuhn.

Charging Stations

Analysts think the industry has been slow to react. Tesla, SolarCity and green-energy companies are already moving aggressively into unoccupied space. “Some of the more nimble companies that think and move more quickly, they are beating the utilities to the punch,” said Ben Kallo, a San Francisco-based analyst for Robert W. Baird & Co.

Tesla has installed 135 solar-powered fast-charging stations across North America where its Model S drivers can refuel for free. NRG Energy Inc. is building a network of public charging stations in major cities that drivers can access on a per-charge basis or for a flat monthly fee of about $15.

And then there’s the home front. In a July report, Morgan Stanley said Tesla’s home and business energy-storage product could be “disruptive” in the U.S. and in Europe as customers seek to avoid utility fees by going “off-grid.”

Source: http://www.businessweek.com/news/2014-12-05/musk-battery-works-fill-utilities-with-fear-and-promise

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QE2 Acquisition Corp. Announces Award Of Streetlight Services Contract By City Of Calgary

Posted by AGORACOM-JC at 9:44 AM on Thursday, December 4th, 2014

CALGARY, ALBERTA / December 4th, 2014) / QE2 Acquisition Corp. (“QE2” or the “Corporation”) (TSX VENTURE:QE) is pleased to announce that Pillar Contracting Ltd. (“Pillar”), a wholly owned operating subsidiary, has successfully bid and been awarded a contract by the City Of Calgary to continue the installation phase of 1,000 new LED streetlight heads in parts of the city.

Pillar is based in Fort Saskatchewan, Alberta, and became QE2’s first acquisition in October 2013. Pillar provides streetlight, electrical, equipment painting and traffic control services to a range of municipal and blue chip clients. Pillar has operated successfully for over 17 years with growth driven primarily by repeat customers and word of mouth. The City Of Calgary becomes Pillar’s newest municipal customer and represents the first successful bid for Pillar under QE2’s ownership. In order to service the contract, Pillar will make use of storage facilities and logistics at QE2’s second wholly owned operating subsidiary, Candesto Enterprises Ltd. (“Candesto”), which QE2 acquired in April 2014 and is based at Calgary.

Mark Lacoursiere, Pillar’s General Manager, states, “Becoming part of the QE2 portfolio has extended Pillar’s capabilities in terms our geographical footprint, access to capital and expertise to bid on work. We’re excited to provide Pillar’s specialist streetlight services to the City Of Calgary. There are over 80,000 streetlights in Calgary that could benefit from LED technology. Pillar has the expertise and capacity to change every one of them.”

The contract is expected to commence in early December and be completed on or around the middle of February 2015.

“The shift to LED technology will provide higher quality lighting for our roadways, while also reducing electricity usage and lowering maintenance costs,” said Troy McLoed, Director of Roads. “Calgary is a rapidly growing city, and this initiative will help us deliver cost-effective and sustainable infrastructure.”

For more information on The City of Calgary’s e2 Street Lighting Program, please visit Calgary.ca and search “LED lighting”. For media inquiries, contact The City of Calgary’s Transportation Department at 403-828-2954, or email [email protected].

About QE2 Acquisition Corp. (www.qe2corp.com):

QE2 is a forward thinking, Alberta-founded firm that acquires and grows well-managed, profitable, asset-backed, Alberta-based businesses in the infrastructure and utility service sectors. QE2’s growth strategy is a mergers and acquisitions program which leverages the synergies that can be achieved by vertical and horizontal integration. For further information, please contact Mihalis Belantis, CEO and Director, #4034, 909 – 17th Avenue SW, Calgary, Alberta, T2T 0A4, Tel: (403) 478-0055, Fax: (403) 770-8468, Email: [email protected].

Cautionary Statements

Statements in this press release may contain forward-looking. The words “will,” “anticipate,” believe,” “estimate,” “expect,” “intent,” “may,” “project,” “should,” and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by the Corporation. Readers are cautioned that assumption used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. The Corporation does not have any obligation to update or revise any forward-looking statements except as expressly required by applicable securities laws.

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

The securities of QE2 have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

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Mazorro Receives Conditional Approval of Change of Business and Name Change

Posted by AGORACOM-JC at 4:36 PM on Wednesday, December 3rd, 2014

OTTAWA, ONTARIO–(Dec. 3, 2014) – Mazorro Resources Inc. (the “Company“) (CSE:MZO)(FRANKFURT:JAM) announces that it has received the conditional approval of the Canadian Securities Exchange (the “CSE“) for its proposed change of business from mineral resource exploration to the medical marijuana industry (the “Change of Business“) and its change of name to “GrowPros Cannabis Inc. / Entreprise GrowPros cannabis inc.” (the “Name Change“) upon receipt of necessary shareholder approval in respect thereof and completion of the three-cornered amalgamation with GrowPros MMP Inc., previously announced on November 6, 2014 (the “Amalgamation“).

The Company has filed an updated Form 2A listing statement under its profile on the CSE website and on SEDAR at www.sedar.com that provides additional disclosure of the terms of the Amalgamation, the Company’s proposed new business, and the related risk factors.

The Company expects that the CSE will publish a bulletin shortly to announce the resumption of trading of the Company’s common shares (the “Common Shares“) on the CSE at the opening of trading on December 4, 2014. The trading symbol “MZO” will remain the same until completion of the Amalgamation and the Name Change, following which the Common Shares will trade on the CSE under the symbol “GCI”.

Completion of the Amalgamation, the Change of Business, and the Name Change, remain subject to a number of conditions, including, but not limited to, receipt of necessary shareholder approvals in respect thereof and satisfaction of standard closing conditions for transactions of this nature.

The special meeting of the Company’s shareholders that was called to seek the requisite approval for the Change of Business and the Name Change, among other items, has been postponed and will now be held on December 29, 2014 (the “Special Meeting“). A notice of meeting, management information circular, and form of proxy in respect of the Special Meeting will be sent to shareholders and is available under the Company’s profile on the CSE website and on SEDAR.

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

Forward-looking statements

Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company to complete the Amalgamation and Change of Business, failure to obtain sufficient financing, and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws. The Company disclaims any intent or obligation to update any forward-looking statement.

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

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QE2 Acquisition Corp. Announces Letter Of Intent To Acquire Accredited Electrical Contractor In Edmonton, Alberta

Posted by AGORACOM-JC at 10:12 AM on Wednesday, December 3rd, 2014

CALGARY, ALBERTA / December 3rd, 2014 / QE2 Acquisition Corp. (“QE2” or the “Corporation”) (TSX VENTURE:QE) is pleased to announce that it has signed a letter of intent to acquire a privately-owned accredited electrical contractor (the “Acquisition Target”) located in the Edmonton area of Alberta (the “Transaction”). The purchase price will be based on the Acquisition Target’s most recent financial statements. The acquisition will be funded by cash. The specific terms of the Transaction will be disclosed in a separate news release to follow in due course.

For more than 30 years, the Acquisition Target has developed an electrical services business that serves the industrial and utility markets including a combination of blue chip and government clients. The Acquisition Target specializes in medium and high voltage installations, commissioning and start up in industrial plants, heavy industrial refineries and utility stations. This acquisition complements QE2’s current operating subsidiaries in terms of its geographical footprint, expertise and expands QE2’s customer base. As part of the transaction, the owner of the Acquisition Target has agreed to enter into a three-year consulting agreement with the company.

QE2 expects to complete the Transaction in or about January 2015. This completion will be subject to the negotiation of a definitive share purchase agreement, board and regulatory approvals, satisfactory due diligence, customary closing conditions and the closing of a brokered financing, the terms of which will be disclosed at a later date.

“This acquisition helps QE2’s emergence as a consolidator within the infrastructure and utility service industry in Alberta,” states Mihalis ‘Mike’ Belantis, QE2’s CEO. “The Acquisition Target is owner-operated with a strong management team and staff in place. It has worked successfully with our first acquisition, Pillar Contracting Ltd. (“Pillar”), on multiple projects. In addition, the Acquisition Target has relationships with several customers that we currently do not service and which will therefore allow us to expand our scope.”

“This acquisition is an example of QE2 implementing its horizontal and vertical integration strategy. We expect the Acquisition Target to share operations and key management with Pillar,” states Rob Harding, QE2’s CFO. “Alberta continues to outperform much of North America in terms of its year on year economic growth and there are multiple catalysts on the horizon to ensure that continues. Our current operating subsidiaries directly benefit from capital and maintenance spending on infrastructure and utilities. We are confident that the Acquisition Target offers similar potential, and will create immediate and accretive benefits for our business.”

About QE2 Acquisition Corp. (www.qe2corp.com):

QE2 is a forward thinking, Alberta-founded firm that acquires and grows well-managed, profitable, asset-backed, Alberta-based businesses in the infrastructure and utility service sectors. QE2’s growth strategy is a mergers and acquisitions program which leverages the synergies that can be achieved by vertical and horizontal integration. For further information, please contact Mihalis Belantis, CEO and Director, #4034, 909 – 17th Avenue SW, Calgary, Alberta, T2T 0A4, Tel: (403) 478-0055, Fax: (403) 770-8468, Email: [email protected].

Cautionary Statements

Statements in this press release may contain forward-looking information including without limitation, statements pertaining to the closing of the Transaction and obtaining necessary approvals. The words “will,” “anticipate,” believe,” “estimate,” “expect,” “intent,” “may,” “project,” “should,” and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by the Corporation. Readers are cautioned that assumption used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. The Corporation does not have any obligation to update or revise any forward-looking statements except as expressly required by applicable securities laws.

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

The securities of QE2 have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

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Oman Sets Sail With Mega Waterfront Project

Posted by AGORACOM-JC at 9:38 AM on Wednesday, December 3rd, 2014

With a design theme anchored in Omani heritage, Omagine will be developed over a five year plus time frame

  • By Manoj Nair, Associate Editor
  • Published: 14:08 December 3, 2014
Image Credit: Atiq ur Rehman/Gulf News Sam Hamdan, President of Omagine, Inc and Frank J. Drohan, Chairman of Omagine Inc during the interview with Gulf News at Ritz Carlton DIFC.

 

Dubai: The design elements for Oman’s new waterfront development — and in scale its most ambitious to date — are starting to take shape. Located in the Al Seeb locality and close to the international airport, the $2.3 billion “Omagine” master-development will feature seven pearl-shaped buildings, each of which will have a theme centred on Oman’s varied history and culture.

There will be three signature hotels and 2,164 residences in what will be a low-density build-up. But there is land aplenty — 1 million square metres — for the developer to come up with a creation that will “certainly not be just another waterfront project”, according to a senior official.

The stakes are high — the operating company Omagine llc has Oman’s Royal Court Affairs — representing the personal interests of His Majesty the Sultan of Oman — holding 25 per cent, New York headquartered Omagine, Inc. holding 60 per cent and Oman’s $5 billion Consolidated Contractors International Co. with 15 per cent.

“The concept master plan was finalised on October 2, and which allows for an 18-22 month time frame in which the entire set of details related to the final master plan, the architecture, engineering and project financing requirements will have to be done,” said Sam Hamdan, President of Omagine, Inc. “The project’s overall time frame will be five to six years.

“For sure, the project will be a low-density one given Oman’s strict requirements of a 1:1 split between hotel units (which also includes serviced apartments and chalets) and the residences.”

According to Frank J. Drohan, Chairman of Omagine, Inc., “Talks have been initiated with Gulf based entities who wish to come on board as full-fledged investors in this prestige development, and there is also a parallel track with the banks on the financing requirements.”

Based on the initial concept designs, how the pearl-shaped building have been conceived are stunning. They will be set at vantage points across the shoreline, itself is shaped in a way that gives the project its distinctive design ethos in the form of the ‘Fibonacci Spiral’. “Apart from mathematics, Fibonacci also has roots in Islamic planning processes,” Hamdan added.

In effect, the overall development’s build-up will be split into two “zones”, with the first comprising the “pearls”, the hotels and the entertainment component.

But the developer made a point of stating that the project will not end up creating a marina for “hundreds of boats to moor”. “What we are planning is an intensely creative and elegant construction, and that’s to be maintained right through,” Hamdan said.

Source: http://gulfnews.com/business/property/uae/oman-sets-sail-with-mega-waterfront-project-1.1421565

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Newnote Financial Announces Launch of Puretradeâ„¢ Crypto-Currency Exchange

Posted by AGORACOM-JC at 9:07 AM on Tuesday, December 2nd, 2014

Vancouver, British Columbia – Newnote Financial Corp. (the “Company”), (CSE: NEU; OTCQB: NWWTF; FSE: 1W4) is pleased to announce the live public beta launch of our proprietary crypto-currency exchange, Puretrade. Puretrade enables users to trade Bitcoin, as well as other crypto-currency coin-pairings such as Bitcoin for Litecoin and vice-versa.

During the course of 2014, Newnote has been developing and testing its flagship web-based and mobile service Puretrade Exchange. Utilizing the services of our alliance partners Coinpayments.net, Net-Cents and Primebit Japan, Puretrade enables users to deposit and withdraw funds via Net-Cents, list new coin-pairings and provide liquidity for Coinpayments.net’s 8,000 strong merchant client base in addition to offering the Japanese market digital currency trading and arbitrage opportunities through our partner Primebit.

Newnote intends to continue attracting new alliance partners in various countries where there is clearly a need for an exchange. Alliance partners utilize the Puretrade platform for the backend while using their existing financial institutions within their region for electronic fund transfers to and from client accounts. Each new partner will contribute to the liquidity of Bitcoin and other digital currencies traded on Puretrade.

In addition, Newnote’s development team has built out the Puretrade API to enable outside developers to seamlessly integrate third-party applications into the Puretrade platform. Typical applications may include Automated Banking Machines (ABM), high-frequency trading bots, mobile payment processing devices and iPhone/Android apps. API specification documentation is available on the Puretrade.ca website.

CEO and President Paul Dickson states: “This is a very significant milestone for Newnote, as Puretrade enables our organization to execute our previously announced plans with our partners. Just as significantly this will allow Newnote to develop new business relationships with other crypto-companies requiring a platform to buy and sell crypto-currencies. I’m personally thrilled with the possibilities the Puretrade API will offer developers and the creative applications they will come up with.“

The Puretrade Crypto-Currency Exchange can be accessed at www.puretrade.ca

About Newnote Financial Corp.

Newnote Financial Corp. is pioneering innovative crypto-currency and Bitcoin related software products and services geared at the growing business segment of this bourgeoning market. Newnote has positioned itself to be a leading contender in delivering opportunities to startup businesses world-wide and continues to create new opportunities for its clients and its shareholders. Newnote has a clear vision on the direction in which this new and unique business is headed and is continually adjusting and adopting new business practices in both technology and the policies & procedures required by banks and securities regulators.

Newnote Financial Contact Information

Paul Dickson

President, CEO & Director

Newnote Financial Corp.

CSE: NEU; OTCQB: NWWTF; FSE: 1W4

Suite 709-700 West Pender Street

Vancouver, BC V6C 1G8

direct: 604-229-0480

fax: 604-685-3833

web: www.newnote.com

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Newnote Financial Corp. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The CSE has not reviewed, approved or disapproved the content of this press release.

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Newnote Financial Announces Closing of Non-Brokered Financing

Posted by AGORACOM-JC at 4:20 PM on Monday, December 1st, 2014

Vancouver, British Columbia – Newnote Financial Corp. (the “Company”), (CSE: NEU; OTCQB: NWWTF; FSE: 1W4) is pleased to announce that it has closed its previously announced non-brokered private placement (the offering). Unit is comprised of one common share (“Common Share”) in the capital of the Issuer and one common share purchase warrant (“Warrant”) where each whole Warrant entitles the holder to purchase one additional common share (“Warrant Share”) at an exercise price of $0.20 per Warrant Share until 4:00 p.m. (Vancouver time) on the first business day after the date that is one year from the closing date of the offering of the Units subject to accelerated expiry where if at any time after the closing date of the offering of the Units the closing sales price of the Common Shares (or the closing bid, if no sales were reported on a trading day) as quoted on the Canadian Securities Exchange (or such other stock exchange, quotation system or market on which the Common Shares are listed and where a majority of the trading volume of the Common Shares occurs) is $0.30 or higher for a period of 10 consecutive trading days, then the Company may, within five days of such event, provide notice by way of press release to the holder of the Warrants of the early expiry of the Warrants, and thereafter the Warrants shall expire on that date that is 30 days from the date that such notice is given.

About Newnote Financial Corp.

Newnote Financial Corp. is pioneering innovative crypto-currency and Bitcoin related software products and services geared at the growing business segment of this bourgeoning market. Newnote has positioned itself to be a leading contender in delivering opportunities to startup businesses world-wide and continues to create new opportunities for its clients and its shareholders. Newnote has a clear vision on the direction in which this new and unique business is headed and is continually adjusting and adopting new business practices in both technology and the policies & procedures required by banks and securities regulators.

Newnote Financial Contact Information

Paul Dickson

President, CEO & Director

Newnote Financial Corp.

CSE: NEU; OTCQB: NWWTF; FSE: 1W4

Suite 709-700 West Pender Street

Vancouver, BC V6C 1G8

direct: 604-229-0480

fax: 604-685-3833

web: www.newnote.com

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Newnote Financial Corp. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The CSE has not reviewed, approved or disapproved the content of this press release.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/newnote12012014.pdf

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Lexaria Enters Agreement to Sell Belmont Lake Oil Assets

Posted by AGORACOM-JC at 8:09 AM on Monday, December 1st, 2014

Kelowna, British Columbia–(December 1, 2014) – Lexaria Corp. (OTCQB: LXRP) (CSE: LXX) (the “Company” or “Lexaria”) announces it has entered an agreement to sell all its Belmont Lake oil assets in an all-cash transaction of $1.4 million to Cloudstream Belmont Lake, LP, of Houston Texas. The transaction is in the process of closing.

Lexaria is using the proceeds of the sale to retire all corporate debt, and to further pursue its entry into legal medical marijuana in Canada, and into Cannabidiol-fortified products in the USA, in those jurisdictions where it is legal to do so. Lexaria will be debt-free for the first time since 2007 and will not need to make monthly interest or principal payments for the first time in roughly 7 years.

“It was not easy to sell our minority interests in the oilfield in the environment of dropping oil prices this year,” said Chris Bunka, CEO of Lexaria. “This lump-sum cash infusion enables us to execute our business plan in the health and wellness sectors more aggressively than we were otherwise able.”

Lexaria has been in discussions with a number of interested parties over a period of several months, as it worked to obtain the best terms and conditions possible in the oil field sale for its shareholders, and is confident it has obtained the best price possible in the current environment.

Lexaria has refined its business model in order to be as active as possible within the confines of presently legal CBD-based industry sectors, and the sale of the Belmont Lake Oil Field significantly accelerates our ability to pursue this market as aggressively as possible. The Company believes its potential growth rate in the CBD sector exceeds that which was possible at the Belmont Lake Oil Field, and the timing of this asset sale is virtually perfectly meshed with the Company’s plans for growth.

Following the recent acquisition of PoViva Tea; the Belmont Lake oilfield asset sale; and the retirement of all corporate debt, Lexaria expects to retain a cash balance of approximately US$1 million. Lexaria has no plans for any corporate financing at this time.

About Lexaria

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

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

FOR FURTHER INFORMATION PLEASE CONTACT:
Lexaria Corp.
Chris Bunka
Chairman & CEO
(250) 765-6424

FORWARD-LOOKING STATEMENTS

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

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

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