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Namaste $N.ca Signs Non-Binding LOI to Acquire Up to 25% Equity in Leading Same-Day Cannabis Delivery Service Pineapple Express Delivery Inc $ACB.ca $HIP.ca $WEED.ca $CMED.ca

Posted by AGORACOM-JC at 9:30 AM on Wednesday, April 25th, 2018

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  • Signed a non-binding letter of intent with Pineapple Express Delivery Inc.
  • Namaste will invest $1,000,000 to acquire 15% of the share capital of Pineapple Express and:
  • Obtain a right of first refusal to purchase an additional 10% of the share capital for an additional $1,200,000

VANCOUVER, British Columbia, April 25, 2018 – Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N) (FRA:M5BQ) (OTCMKTS:NXTTF) is pleased to announce that it has signed a non-binding letter of intent (“LOI”) with Pineapple Express Delivery Inc. (“Pineapple Express”), whereby Namaste will invest $1,000,000 to acquire 15% of the share capital of Pineapple Express and obtain a right of first refusal to purchase an additional 10% of the share capital for an additional $1,200,000.

Pineapple Express currently operates a same-day delivery service for medical cannabis and expects to expand across Canada. Pineapple Express’ management team have a proven track record of launching cross-country same-day delivery services, having sold a previous same-day delivery venture to Just Eat Canada.

The proposed agreement will allow Namaste and Pineapple Express to expand on Pineapple Express’ existing same-day delivery service for medical cannabis platform to provide same-day delivery of medical cannabis across Canada. Namaste intends to assist with the development and marketing of Pineapple Express’ brand and in the optimization of its existing software platform. Namaste will also look to leverage its international exposure and offer Pineapple Express’ fully-integrated software application to international cannabis licensed producers.

The Company along with Pineapple Express will retain exclusive rights to use the Pineapple Express software platform in North America, and Namaste will hold the rights to use the software platform internationally. Pineapple Express has also signed an LOI with Canada’s leading seed-to-sale platform, Ample Organics Inc., to offer same-day delivery to its customers.

Terms of the LOI

  • Namaste will make an initial capital investment of $1,000,000 for 15% of the share capital of Pineapple Express. The initial capital investment will be comprised of $850,000 in cash and $150,000 in Namaste common stock, subject to exchange approval.
  • Namaste will receive a right of first refusal to acquire an additional 10% interest in Pineapple Express for $1,200,000 for 14 months following the closing date of the definitive agreement. This payment would be comprised of $780,000 in cash and $420,000 in Namaste common stock, subject to exchange approval.
  • Namaste will reserve for issuance up to 150,000 common share options (the “Options”) to be issued to Pineapple Express and/or its officers pursuant to consulting agreements entered into on execution of the definitive agreement. The Options will vest on a quarterly basis. Namaste will reserve up to 150,000 Options for issuance each year to Pineapple Express and/or its officers for so long as they have consulting agreements with Namaste.
  • Namaste and Pineapple Express will jointly hold the exclusive rights to Pineapple Express’ software and technology in North America. Namaste will solely hold the exclusive worldwide rights outside of North America to use Pineapple Express’ software and have a right to sublicense.

Management Commentary

Randy Rolph, President and CEO of Pineapple Express: “we are excited by the prospect of partnering with Namaste, as I see this as an excellent fit for both companies. Namaste has built an excellent reputation within the medicinal cannabis industry and has focused on expanding its services so that its customers benefit from a wider array of product offerings. As an extension of these efforts, we believe that our company can ensure their customers get a secure delivery of these products within a very quick turnaround from time of order. Through other businesses, we have successfully offered fast product delivery options for over 10 years across Canada, including same day as well as deliveries in less than one hour. We are familiar with the issues and most importantly the solutions to bring similar levels of service to the medicinal cannabis industry. Customer service has always been our main focus and what has driven the success of our business. We look forward to offering this same level of service to all customers.”

Sean Dollinger, President and CEO of Namaste comments: “We are very pleased to have signed this LOI to acquire shares of an amazing company offering a unique service with a proven record of success. As the cannabis market continues to grow, so too has the competitiveness among our industry peers looking to expand their market share. We believe that our ability to offer same-day delivery service for medical cannabis will provide a competitive edge to the Company in terms of offering an incredible buying experience for our patients. Namaste’s mandate from the outset has been focused on providing patients with unparalleled customer service. This transaction reaffirms our team’s ability to identify shortcomings within the cannabis industry, seek viable solutions, and then explore opportunities that aim to further enhance our patient’s experience. We believe this transaction will not only help Namaste attract new patients, but more importantly, it will help us retain patients who see value in the services we provide. We look forward to working with Pineapple Express’ management team and to grow its business and expand internationally. We are very grateful for this opportunity and look forward to cultivating a strong partnership together.”

About Pineapple Express Delivery Inc.

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

About Namaste Technologies Inc.

Namaste is the largest online retailer for medical cannabis delivery systems globally. Namaste distributes vaporizers and smoking accessories through 24 e-commerce sites in 20 countries and with distribution hubs located around the world. Namaste has majority market share in Europe and Australia, with operations in the UK, Canada and Germany and has opened new supply channels into emerging markets including Brazil, Mexico and Chile. Namaste, through its acquisition of Cannmart Inc., a Canadian based late-stage applicant for a medical cannabis sales license (under the ACMPR Program) is pursuing a new revenue vertical in online retail of medical cannabis in the Canadian market. Namaste intends to leverage its existing database of Canadian medical cannabis consumers, along with its expertise in e-commerce to create an online marketplace for medical cannabis patients, offering a larger variety of product and a better user experience.

On behalf of the Board of Directors

“Sean Dollinger”

Chief Executive Officer

Direct: +1 (786) 389 9771

Email: [email protected]

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

namastetechnologies.com

namastevapes.ca

everyonedoesit.ca

namastevaporizers.co.uk

everyonedoesit.co.uk

australianvaporizers.com.au

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 harbour provisions of the Private Securities Litigation Reform Act of 1995. The Canadian Securities Exchange has neither reviewed nor approved the contents of this press release.

$NSM.ca Northern Sphere Mining Corp. to Follow up on Cobalt Values up to 0.23% Sampled from Various Showings on Its Sudbury District Scadding Property

Posted by AGORACOM at 6:00 PM on Thursday, April 19th, 2018

 

 

  • Cobalt identified in 0.20 and 0.23% 2 KM apart from each other
  •  Scadding hosts abundant Nippissing diabase intrusives with a NW-SE orientation
  • Mineral resources found on the property are clustered and parallel to the Nippissing dykes
  • At the Scadding Property, favourable geological context also occurs in contact zones between the Nippissing intrusives and a competent host rocks

Northern Sphere Mining Corp. (CSE: NSM) (OTCQB: NSMCF) (“Northern Sphere” or the “Company”) will be investigating known Cobalt anomalies on its Scadding Property located in Sudbury’s Nickel District. Outcrop sampling at two separate mineral showings, approximately 2 km apart, returned values of 0.23% Cobalt (Red Rock Occurrence) and 0.20% Cobalt (McLean Secret Showing). Geophysical signatures identified by Northern Spherein 2017 correlate well with the location of these outcrops. The 3D magnetic re-inversion (which re-interprets and models three dimensional geophysical data) identified several optimal targets on our 40,000-acre property.

In addition to the significant Cobalt values recovered from outcrop sampling, Northern Sphere also analysed for Cobalt as part of a multi-element package on its last hole during the 2017 drill campaign. Hole NSM-17-06 returned values of up to 189 ppm Cobalt and 678 ppm Nickel from drill core exhibiting strong chloritized segments. Northern Sphere intends to analyse a percentage of similar material from its core storage facility for both Cobalt and Nickel. Currently, Northern Sphere is prioritizing optimized drill targets for its 2018 drill campaign.

Scadding Property — Sudbury District, Ontario

The Scadding Property is nestled at the junction between the Abitibi-Wawa greenstone belt (which encompasses the Sudbury Igneous Complex), the Grenville Front, and the Huronian Supergroup (see Figure 1). The Scadding Property is located at a large scale structural junction. World class base metal deposits are located to the West (Sudbury Nickel District) and precious metal deposits are located to the East (River Valley Pt-Pd, Cobalt Silver).

Figure 1: Favorable Geology Hosting Major Fault Zone Intersections

Cannot view this image? Please visit:

http://orders.newsfilecorp.com/files/2104/34144_a1524169023079_42.jpg

The Scadding Property plays host to abundant Nippissing diabase intrusives which utilized pre-existing structure during emplacement. The intrusives demonstrate a preferred NW-SE orientation. Mineral resources found on the property are clustered within these corridors and parallel to the Nippissing dykes. Within the Cobalt, Ontario Camp, Silver and Cobalt mineralization are generally found in proximity to the Nippissing Diabase. At the Scadding Property, favourable geological context also occurs in contact zones between the Nippissing intrusives and a competent host rocks (i.e. quartzite of the Serpent Formation).

Northern Sphere will continue to advance and acquire district scale properties for successful future mineral exploitation.

Quality Control

Northern Sphere’s quality control and assurance program includes the use of an independent certified lab, AGAT Laboratories (“AGAT”) of Mississauga, Ontario. All AGAT geochemical hub laboratories are accredited to ISO/IEC 17025:2005 for specific analytical procedures. The AGAT quality program includes quality control steps through sample preparation and analysis, inter-laboratory test programs, and regular internal audits. It is an integral part of day-to-day activities, involves all levels of AGAT staff and is monitored at top management levels.

Qualified Persons

Steve Gray, P.Geo., Vice President of Northern Sphere has reviewed the scientific and technical information in this press release and is Northern Sphere’s “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Northern Sphere Mining Corp.

Northern Sphere is dedicated to growth through the acquisition and development of mining assets with an emphasis on gold, silver and copper. In efforts expedite and optimize mineral targeting on its assets, the Company is employing cutting-edge exploration technologies to generate robust mining projects. Headquartered in Toronto, Ontario, Northern Sphere has a strong project pipeline of properties with a focus on gold, silver and other metal production in pro-mining jurisdictions.

Cautionary Statements

This press release contains forward-looking statements which reflect Northern Sphere’s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Northern Sphere disclaims any obligation to update these forward-looking statements other than as required by applicable securities laws.

For further information, please contact:

John Carter
Chief Executive Officer
Northern Sphere Mining Corp.
Tel: 905-302-3843

 

 

 

$AAO.ca Augusta Subsidiary FOX-TEK Receives First Order for its Leak Detection #ENB.ca #PBL.ca

Posted by AGORACOM at 10:10 AM on Tuesday, April 3rd, 2018

 

  • FOX-TEK’s first order for novel leak detection system for Alberta engineering firm
  • Intention is to increase market share in smart sensing technology sector
  • Third party testing demonstrated clear advantages over current available technologies

Toronto, Ontario–(Newsfile Corp. – April 3, 2018) – Augusta Industries Inc. (TSXV: AAO) (the “Corporation”), a developer and marketer of patented non-intrusive sensing systems, is pleased to announce that its wholly owned subsidiary, FOX-TEK Canada Inc. (“FOX-TEK”), has received its first order for its novel leak detection system from an Alberta based engineering firm.

In its desire to increase its market share in the smart sensing technology sector, FOX-TEK has developed a novel leak detection system specifically designed for the oil and gas sector. In third party testing, this leak detection technology showed clear advantages over current available technologies. The leak detection system, which is able to sense a thin film of hydrocarbon contaminants on top of water, has been very well received by a number of the Corporation’s clients. The end-user, which is one of North America’s largest pipeline companies, decided to acquire the leak detection system based on its performance in the testing and the low cost of the technology as compared to other currently available technologies.

“The development and acceptance of the leak detection system is another milestone in FOX-TEK becoming a leader in the smart sensing technology field,” said Allen Lone, the President of the Corporation. “The Corporation is encouraged by the successful testing of the leak detection system and is encouraged by the initial order for this system. The Corporation will continue to develop new technologies to address the needs of our clients.”

The Corporation would also like to provide an update on the proposed spin-off of FOX-TEK. The Corporation has received several unsolicited offers from arm’s length third parties pertaining to the purchase of all of the issued and outstanding securities in the capital of FOX-TEK. As such, the Corporation has decided to suspend the proposed spin-off as that it may evaluate these offers. The Corporation continues to work with its financial and legal advisers to ascertain the best course of action for both the Corporation and its shareholders. The Corporation will continue to provide updates as they become available.

About the Corporation

Through its wholly owned subsidiaries, Marcon International Inc. (“Marcon”) and FOX-TEK, the Corporation provides a variety of services and products to a number of clients.

Marcon is an industrial supply contractor servicing the energy sector and a number of US Government entities. Marcon’s principal business is the sale and distribution of industrial parts and equipment.

FOX-TEK provides world leading solutions to various sectors including the oil and gas industry. With non-intrusive technologies including fiber-optic sensors and electric field mapping systems, FOX-TEK is able to accurately measure changes that could negatively impact our client’s operations.

Corporation contact:

Allen Lone, President and C.E.O.
Tel: 905.275.8111, Ext. 226
Email: [email protected]

$GLI.ca Glacier Lake Completes Phase 1 Drill Program at Silver Vista $IVN.ca

Posted by AGORACOM at 10:10 AM on Monday, March 26th, 2018

  • Initial drill program focused on the “MR” area, a clastic sediment-hosted, fine-grained, disseminated copper-silver zone
  • Seven (7) holes, totaling 1,273 metres were completed
  • 2 deeper holes (average depth 282.4 meters) drilled southeast to northwest
  • 5 shallower holes with an average depth (142.0 meters) drilled northwest to southeast

 

VANCOUVER, British Columbia, March 26, 2018 (GLOBE NEWSWIRE) — Glacier Lake Resources Inc. (TSX-V:GLI) (“Glacier” or the “Company”) has completed the Phase 1 diamond drill program on its Silver Vista property near Smithers, British Columbia. This initial drill program was focused on the main “MR” showing, a clastic sediment-hosted, fine-grained, disseminated copper-silver zone. The core for Hole SV18-01 has been sent to the ALS Minerals laboratory in North Vancouver, B.C. with results to be released once received and reviewed.

Seven (7) holes, totaling 1,273 metres were completed. Glacier’s program represents the first drilling on the Silver Vista property since the 1991-1992 Equity Silver Mines Ltd. (a division of Placer Dome Inc., now Barrick Gold Corp.) program of 14 holes, totaling 1,252.5 metres.  The 2018 program comprised two deeper holes (average depth 282.4 meters) drilled southeast to northwest and five shallower holes (average depth (142.0 meters) drilled northwest to southeast, testing mineralization in the historic Equity drill holes, and/or soil and rock Ag and Cu surface geochemistry from the 2011 to 2013 Amarc Resources Ltd., surface programs.

The drilling indicates a moderate, north to northwest dip to the sedimentary units. Visible mineralization is not obvious, so Glacier employed a portable XRF unit to aid in identification of mineralized zones to assist in drilling of subsequent holes. Elevated levels of silver, copper and zinc were noted in multiple horizons within the drill holes.  Glacier Lake cautions investors the XRF readings were used only to direct subsequent drilling and only analyses from the North Vancouver ALS Minerals laboratory will be reported and relied on by the Company.

Upon receipt and review of the assay data from the 2018 drill program, Company geologists will plan and budget a surface program to start after spring break-up. While the main “MR” road-cut showing is the most advanced target, Amarc 2011 to 2013 soil geochemistry outlined an area of anomalous Ag and Cu approximately 1.5 kilometres by 2.0 kilometres around the MR prospect area. This area had multiple Ag and Cu soil geochemical anomalies also defined.

Further details can be found in the 43-101 report on the property located under the Company’s SEDAR profile.

Quality assurance/quality control

The entire length of core for each of the 7 drill holes are currently being sawn and sampled at continuous 1.0 metre intervals, with occasional shorter or longer intervals based on apparent wall rock and mineralization contact. Supervision, organization and splitting of drilling core samples are undertaken by personnel from geological consultant Mammoth Geological Ltd. Half of the core will be securely shipped to the laboratory for analysis and the other half retained in a secure storage location. Certified reference standards and blanks will be placed in the sample stream of each drill hole alternating at every 25th interval. Samples were packed into rice bags, zap-strapped and securely stored until they were turned over to the local trucking company for transport to the ALS Minerals Laboratory in North Vancouver, B.C.

All core samples will be analyzed utilizing ALS’s MEICP-61 procedure, a four-acid digestion of a one-gram sample with an ICP finish. Samples with over limit copper or silver values will receive an ME-OG62 analysis, a four-acid digestion of a 0.5-gram sample with ICP-AES finish.

A routine quality assurance/quality control (QA/QC) procedure is adopted to monitor the analytical quality at the lab. Certified reference materials (CRMs), pulp duplicates and blanks are inserted into each lab batch of samples. QA/QC data at the lab are attached to the assay certificates for each batch of samples.

Further details can be found in the recently completed 43-101 report on the property located under the Company’s SEDAR profile.

The Company also wishes to clarify the finders’ fees which were paid in connection with completion of its private placement of units announced on March 19, 2018.  In connection with closing of the placement, the Company paid cash commissions of $31,807.20, issued 258,920 common share purchase warrants (each, a “Warrant”), and 259,200 finders’ options (each, a “Finders’ Option”).  Each “Warrant” entitles the holder to acquire a common share of the Company at a price of $0.10 for a period of twenty-four months, subject to accelerated expiry in the event the closing price of the Company’s common shares on the TSX Venture Exchange is $0.25 or higher for ten consecutive trading days.  Each “Finders’ Option” entitles the holder to acquire a unit of the Company consisting of one common share and one Warrant, at a price of $0.06 for a period of twenty-four months.

All Warrants and Finders’ Options issued in connection with the placement are subject to a four-month-and-one-day statutory hold period.

Subject to approval from the TSX Venture Exchange, the Company will grant 500,000 incentive stock options to certain directors, officers and consultants of the Company. The options vest immediately and are exercisable at a price of $0.09 per share for a period of 5 years. The options are granted pursuant to the Company’s Stock Option Plan and will be subject to applicable regulatory hold periods.

The technical content of this news release has been reviewed and approved by R. Tim Henneberry, P.Geo., a member of the Glacier Lake Advisory Board and a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

For additional information please feel free to contact:

Saf Dhillon
President/CEO
Glacier Lake Resources Inc.
Tel: 866-687-7059
Dir: 604-688-2922
[email protected]

FEATURE: $AAO.ca Why Augusta Industries is an under valued company

Posted by AGORACOM at 1:43 PM on Thursday, March 15th, 2018

 

 

Augusta Industries Subsidiary FOX-TEK Canada Inc is a rare Gem of a tech company where its technology, potential and capabilities are undervalued and therefore discounted. Investors don’t seem to appreciate that FOX TEK is making great strides with its available resources while developing industry disruptive technology capable of meeting current value expectations. The patient investor understands and values a company that is creating new and disruptive technological tools

Sales and revenue evaluation of a company is great when you are invested in GE, FORD, GM, IBM and Apple, but the real value missed here by a few shareholders is what FOX-TEK’s engineers are able to create. FOX TEK first started with the FT Systems as its sole technology and below is living proof of what FOX-TEK has been able to create.

1) Electric Field Mapping (EFM) Corrosion monitor

Used predominately to measure, with great accuracy, the material loss in pipelines and vessels due to corrosion/erosion. The technology has been successfully used as a validation of existing integrity programs. The technology can also be used in research and material testing applications.

2) Fiber Bragg Grating (FBG) System

Technology based on optical strain sensors. These sensors are inherently safe (due to the fact that the sensors are powered by light) and easy to use. Due to the high bandwidth of the sensors, they can also be used to measure vibrations. There many applications in both the oil & gas sector and civil infrastructure where these sensors can bring a benefit.

3) FG-OD

Novel non intrusive leak detection technology used to detect leaks in pipelines and vessels. Due to its high sensitivity, the sensor cable can also detect VOC due to leaks.  By using smart detection levels and adapting to its environment, this technology will generate zero false alarms.

4) Advanced Sensor Design

Advanced intrusive optical sensor that will, over time, change its optical characteristics when in the presence of various elements. Can be used in applications where specific trace elements can lead to a negative impact on normal operating conditions.

5) Currently as per FOX-TEK’s last Press release, working to develop a new technology to measure the ingress of damaging liquids under insulation/coating. This LOI is indicative of the confidence major parties involved have in the burgeoning technology, be it Federal, Provincial Academic or Business.

http://www.fox-tek.com/home.php

 

$AAO.ca Augusta Industries Subsidiary Paragon Blockchain Enters Into An MOU with One of the Worlds’ First Big Data Enterprise Blockchain Application Developer

Posted by AGORACOM at 8:30 AM on Thursday, March 8th, 2018

  • Entered  a Memorandum Of Understanding with an Undisclosed Blockchain Company (The “UBC”) to advise and develop a new set of blockchain applications for Augusta.
  • Blockchain technology has the potential to unlock substantial new opportunities capable of impacting the business of Marcon International
  • Implementing blockchain technology in FOX-TEK

Toronto, Ontario–(March 8, 2018) – Augusta Industries Inc. (TSXV: AAO) (the “Company”) is pleased to announce that pursuant to its press release of January 25th, in which the Company announced the creation of a wholly owned subsidiary (Paragon Blockchain Inc.) to commence the process of implementing Blockchain technology, Paragon Blockchain has entered into a Memorandum Of Understanding with an Undisclosed Blockchain Company (The “UBC”) to advise and develop a new set of blockchain applications for Augusta.

BLOCKCHAIN APPLICATIONS TO INCLUDE ARTIFICIAL INTELLIGENCE

The UBC is one of the worlds’ first developers of a hybrid permission based blockchain protocol with big data capability. The UBC will act as technical advisor and initiate the process of developing a new set of blockchain applications that will integrate, amongst other things, artificial intelligence (A.I.) for the purpose of sorting critical procurement opportunities within US government agencies for Augusta’s wholly owned subsidiary, Marcon International Inc. (“Marcon”).

IMPLEMENTING BLOCKCHAIN IN MARCON

Blockchain technology has the potential to unlock substantial new opportunities capable of impacting the business of Marcon International. Specifically, Marcon seeks to create an eco-system (Paragon Blockchain) in the supply chain management of clients to change the dynamics of the scoping and bidding process by providing vendors and subcontractors with A.I. data mining tools to proactively drive the process. By doing so, Paragon Blockchain becomes a Value added Network, in which vendors and subcontractors provide offers on projects of immediate interest, as opposed to the current role of Marcon selecting projects of interest.

Users will be required to access Paragon Blockchain and make payments through the use of a digital currency or tokens.

IMPLEMENTING BLOCKCHAIN IN FOX-TEK

Blockchain technology is of critical importance to our wholly owned subsidiary, FOX-TEK Canada Inc. (“FOX-TEK”), continued expansion of its’ non-intrusive technology in the oil & gas industry, whose clients include many of the biggest companies in the world. FOX-TEK believes a common system of record connecting data collected for events is of paramount importance to clients.

The Company will create a platform that will allow for the analysis of data that incorporates an auditing system built for regulatory and quality assurance oversight. The platform will implement a distributed blockchain ledger using smart contracts. These smart contracts provide customization of blockchain data.

Upon completion, the Company intends to invite other technology companies to participate and utilize its’ blockchain. These companies will be involved in industries serving pipeline operations, integrity, maintenance and construction, as well as, Federal, Provincial and State regulators. By participating in the Company’s Blockchain, these entities will have access to surveillance, auditing, integrity, transparent data in cases of breaches in corrosion or leaks or cracks.

FOX-TEK will naturally be the first service provider to participate. DMAT servers currently hosts DMAT client at 15 GB live running DMAT web server : 5GB live and DMAT raw data :15 GB.

Blockchain serves as the next technological revolution for storing and sharing distributed data from multiple input sources. This will provide the Company with the capability to transfer any digital data between multiple participants in a secure and auditable fashion.

About the Corporation:

Through its wholly owned subsidiaries, Marcon International Inc. (“Marcon”) and FOX-TEK, the Corporation provides a variety of services and products to a number of clients.

Marcon is an industrial supply contractor servicing the energy sector and a number of US Government entities. Marcon’s principal business is the sale and distribution of industrial parts and equipment.

FOX-TEK provides world leading solutions to various sectors including the oil and gas industry. With non- intrusive technologies including: fiber optic sensors and electric field mapping systems; FOX-TEK is able to accurately measure changes that could negatively impact our client’s operations.

Corporation contact:

Allen Lone, President, CEO, Augusta Industries Inc.

Tel: (905) 275-8111 Ext 226, email: [email protected]

 

FEATURE: $NSM.ca Northern Sphere Soil Geochemical Success Leads to Staking Rush at Black Diamond by $BHP Billiton $FCX.ca

Posted by AGORACOM at 10:31 AM on Wednesday, February 7th, 2018

    • Black Diamond Property 15km Freeport McMoRan’s open pit porphyry operations, Arizona
    • Intensive Geochemical Survey recovered systematic soil samples on a 50-metre spaced grid
    • Significant anomalous Copper, Zinc and Silver values approach grades at which some deposits are mined
    • Elevated Copper in association with elevated Molybdenum levels, two metals found in association with porphyry copper environments.
    • Steve Gray, Vice President of Northern Sphere, states “Recent claim staking and increased exploration activities near our western claim boundaries by “heavy hitters” has added some urgency for Northern Sphere to continue to add claim ground.

Northern Sphere Mining Corp. (CSE: NSM)  Black Diamond Property 

 

Figure 1: Miami-Globe, Arizona — NSM’s Black Diamond Claims

To view an enhanced version of Figure 2, please visit:
http://orders.newsfilecorp.com/file/2104/31228_a1513098701384_23.jpg

 

FEATURE: $AAO.ca Xylem’s Premium Takeover of Pure a Benefit to AAO Investors

Posted by AGORACOM at 3:17 PM on Monday, December 18th, 2017

 

Companies that develop patented technologies for inspection, monitoring and management of critical infrastructure are being acquired to meet growth demands of larger corporations.

  • Pure has received a 102% premium to market
  • Xylem quick to recognize growth potential and present value of Pure technology & assets
  • Augusta is a peer of Pure and provides similar infrastructure services in Oil Industry

Pure Technologies to be acquired by Xylem

Pure’s business model incorporates four distinct business streams coincident with Augusta

  • Premium technical services including pipeline inspection, leak detection and condition assessment
  • Specialized engineering services in areas related to asset management, primarily in the area of pipeline condition assessment
  • Sales of proprietary monitoring technologies for pipelines
  • Recurring revenue from data analysis, site maintenance, and from technology licensing.

Augusta Industries

FOX-TEK – Focused on the oil & gas sector with non- intrusive pipeline technology ( fiber optic sensors ) that accurately measure changes that could negatively impact clients’ operations.

3 Technologies Integral to Fox-Tek Operations:

  • EFM for Corrosion Monitoring
  • FBG for Cracking Stress Monitoring
  • Leak Detection Monitoring

Marcon International – an industrial supply contractor servicing the energy sector and a number of US Government entities, clients that include government departments and global energy companies

  • US DHS
  • US DOE
  • US Air Force / Navy
  • NASA
  • Qatari Gas

AUGUSTA 2017 HIGHLIGHTS:

  • Augusta revenues for 2016 / $4.6M
  • Augusta market cap is 6.4$ as of December 14th, 2017
  • The proposed Spin-Off of FOX-TEK is expected to return up to $25,000,000 of stock to existing shareholders of Augusta.
  • Though terms of the Spin-Off are yet to be finalized, the proposed $2.5:$1 benefit to shareholders is now one step closer with the announcement of the Lock-Up Agreement & NCIB

 

For more information about Augusta:  watch this interview with Allen Lone on AGORACOM.

$SX.ca St-Georges Announces Kings Of The North Entered Into Option To Acquire Winterhouse Project And Arranged $2,000,000 Debenture Offering

Posted by AGORACOM at 12:59 PM on Monday, December 18th, 2017

  • Wholly owned subsidiary entered into an option agreement to acquire a 100% of the Winter House project.
  • On exercise of the Option, KOTN will have 18,000,000 Shares outstanding, of which St-Georges will hold 67%

 

St-Georges Platinum & Base Metals Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that its wholly owned subsidiary, Kings of the North Corp., entered into an option agreement to acquire a 100% interest in the Winter House project.

King of the North Corp also announces that it has arranged a non-brokered private placement offering (the “Offering”) of unsecured debentures (the “Debentures”) for aggregate maximum gross proceeds of $2,000,000, to be used for working capital and general corporate purposes. The Debentures will have an 18-month maturity date and pay interest at the rate of 10% per annum, calculated quarterly in arrears. Upon the occurrence of a liquidity event in Kings of the North Corp. (a “Liquidity Event”) before the Maturity Date, the Debentures’ aggregate principal amount plus accrued and unpaid interest may be converted at the holder’s option into common shares of Kings of the North Corp. (each a “KOTN Share”) at a deemed conversion price equal to 25% of the liquidity event pricing, subject to a minimum initial issuance of $0.20 per Share and regulatory approval.

Winter House Option

In consideration for the 100% interest in the Property, KOTN will issue an aggregate of 6,000,000 Shares, assume $140,000 in current and on-going exploration expenses and grant a 3.5% net smelter return royalty on the Property.

On exercise of the Option, KOTN will have 18,000,000 Shares outstanding, of which St-Georges will hold 67%.

About the Winter House Project

The Winter House Project consists of 63 map-designated cells covering a surface area of 3,290 hectares (approximately 33 sq. km) and is located approximately 95 kilometres west of the town of Fermont, on the Quebec North Shore.

The Winter House project is part of the Superior geological province and is mainly composed of volcano-sedimentary rock assemblages of the Courcy and Soulard formations in contact with tonalites of the eastern Opatica Subprovince. Winter House is adjacent to the eastern border of Stelmine Canada’s Courcy project, which exposed gold mineralized zones, grading up to 24.8 g/t Au in grab samples (see Stelmine Canada PR dated October 17 of 2017) and up to 167 g/t Au over 0.5 metres in channel samples and up to 4.27 g/t Au over 42 m, including 12.15 g/t Au over 13.5 m in drill samples (Source SIGEOM: GM61872 and GM 62834).

Based on historical work, the Winter House project shows strong electromagnetic anomalies detected by a MAG-AeroTEM (magnetics and electromagnetics) airborne geophysical survey performed in 2008. These anomalies extend over a few kilometres and could represent potential targets for gold. During the summer of 2017, a follow-up reconnaissance program on the ground allowed the vendors to collect a total of 123 bedrock (surface) grab samples on these geophysical anomalies. These samples have been submitted for analyses for gold and a package of multi-elements. The results from these analyses are pending and will be released as soon as all results are received and compiled.

Related Party Transaction

A portion of the Option constitutes a “related party transaction” as set out in Multilateral Instrument 61-101, Protection of Minority Shareholders in Special Transactions (“MI 61-101”), as Francois (Frank) Dumas and Neha Edah Tally, both officers of St-Georges, will be issued under the Option respectively 1,280,000 and 120,000 Shares. The transaction is exempt from the formal valuation and minority shareholder approval requirements under MI 61-101 as neither the fair market value of any securities issued to or the consideration paid by such persons exceeds 25% of the Company’s market capitalization. The Company did not file a material change report more than 21 days before the closing of the Option as it wished to close on an expedited basis for sound business reasons.

Alain Berclaz, P.Geo, a consultant to St-Georges and a Qualified Person under the definition of Canadian National Instrument 43-101, has approved the technical information in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Mark Billings”

MARK BILLINGS, PRESIDENT & CEO OF KINGS OF THE NORTH, CHAIRMAN AND DIRECTOR OF ST-GEORGES PLATINUM LTD.

About St-Georges

St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.

The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

$EXS.ca Explor Increases Ogden Property $EXN.ca $HBE.ca $OSK.ca

Posted by AGORACOM at 4:20 PM on Thursday, December 14th, 2017

  • Claims acquired because of encouraging results obtained in Explor’s past exploration on this property.
  • Ogden property now consists of 23 mining claims  and 7 patented mining claims covering 2,006 hectares
  • Property obtained to pursue depths between 300 & 600 meters

 

Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS)(OTCQB:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the acquisition of two (2) mining claims (3 units) situated in the Ogden Township, in the Porcupine Mining Division, District of Cochrane, Province of Ontario for a total of 48.56 hectares. These claims are located in Ogden Township contiguous and to the east of the Timmins Porcupine West Gold Property. Highway 101 West is north of the property and provided excellent access to the city of Timmins. The claims were acquired because of encouraging results obtained in Explor’s past exploration on this property.

Explor Resources Inc. will pay CDN $2,000 and issue 100,000 common shares to acquire a 100% interest in the additional Ogden mining claims. The Optionors have retained a 2% NSR in the property. This acquisition is subject to the approval of the TSX Venture Exchange.

With this acquisition, the Ogden property now consists of 23 mining claims (118 mineral claim units) and 7 patented mining claims covering 2,006.56 hectares situated in the Porcupine mining division, district of Cochrane, in the Ogden and Price Townships, Ontario. The Ogden property has been previously explored by Hollinger Mines, Tex-Sol Exploration, Inmet Mining Corporation, Amax Mineral Exploration, Noranda Exploration and Knick Exploration. The majority of the holes drilled by previous operators were less than 100 meters in length. Historically on the Ogden Property, the only hole that hit significant mineralization was a diamond drill hole by Tex-Sol Exploration in 1965 which returned 6.0 g/t Au over 9.1 m at a shallow depth. On the TPW Gold Property significant mineralization was intersected below 300 meters of vertical depth requiring drill holes of 500 to 600 m in length.

The most significant deposits in Timmins are spatially associated with porphyry units that are in proximity to the Porcupine Destor Fault. The deposits appear to be also associated with splay faults that trend off and to the North of the Porcupine Destor fault inside an interpreted splay fault corridor.

Chris Dupont P.Eng is the qualified person responsible for the information contained in this release.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQB (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This Press Release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Québec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Québec with approximately 33% in Ontario and 67% in Québec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:

  •  Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
  •  Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)

Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:

  •  Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
  •  Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

This document may contain forward-looking statements relating to Explor’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

Christian Dupont, President
Tel: 888-997-4630 or 819-797-4630
819-797-1870
Website: www.explorresources.com
Email: [email protected]