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Uragold and Fancamp Sign a Letter Of Intent Regarding the Acquisition of 32 Claims Covering the Section of the 6.5 KM Long Historical Beauce Paleoplacer Gold Channel not Owned by Uragold

Posted by AGORACOM-JC at 8:35 AM on Wednesday, September 17th, 2014

Montreal, Quebec / September 17 2014 / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that it has signed a letter of intent with Fancamp Exploration Ltd. (“Fancamp”) (TSX Venture: FNC) regarding the acquisition of 32 claims encircling Uragold’s Beauce Placer Gold Project located in the municipality of Saint-Simon-les-Mines in the Beauce region of southern Quebec.

Uragold’s current Beauce paleoplacer project, 5 claims situated between the Rang Chaussegros and the Rang Gustave, covers only twenty-six percent (26%) of the entire historical paleoplacer gold channel. When the transaction closes, Uragold’s claims block will cover the full 6.5 km long historical Paleoplacer gold channel.

 


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Figure 1. Historical Paleoplacer identified by Beauce Place Company in 1959 (Orange). Uragold original Beauce Claims (Blue). Zones were Uragold delineated an Inferred Resources in Mars 2014 (Thick Orange). Fancamp Claims subject to Letter of intent (Red).

In 1959, the Beauce Placer Gold Mining Company defined a drilled historical resource of 168,952 Au oz (12,978,710 m3 @ 0.405 g/m3) (June, 1959 – GM08785) on a channel defined as ranging from Rang St-Charles through to Rang Delery, Rang Chaussegros, Rang St-Gustave all the way to Rang 6. (V. Stuart-Williams, Beauce Placer Property NI 43-101 Technical Report, February 2014). All information such as resources estimates and grades herewith presented is historical in nature and while relevant, the information was obtained before the implementation of National Instrument 43-101 and as such does not meet National Instrument 43-101 reporting standards. The historical estimate should not be relied upon until the Company can confirm them.

Studies by Uragold of the auriferous basal till and the underlying saprolite suggest a close proximity source of gold, and since the acquired claims cover an extensive area of the Gilbert river valley this increases the chances that the unknown Bellechasse / Timmins type deposit mentioned in our March 27, 2014 press release will be found on Uragold claims.

Salient points of the non-binding letter of intent are:

  1. 1.Uragold and Fancamp intend to enter into a definitive written Agreement for the acquisition by Uragold of a 32 claim block contained in the Appalachian Properties that surrounded the Uragold Beauce Property (herein, collectively the “Claims”) (“The Acquisition”) within thirty (30) days.
    1. a.As consideration for the transfer and the sale of the Claims and related assets to Uragold, Uragold will issue, at the closing an amount equal to 8,000,000 Uragold Units. Each Unit will be comprised of 1 common share and 1 common share purchase warrant (the Warrant”) of Uragold.
    2. b.Each full Warrant will entitle Fancamp to purchase one common share of the capital stock during a period of 60 months from the date of the issuance of the Units. Each Warrant shall entitle Fancamp to purchase one (1) additional common share of Uragold at a price of C$0.20 per share during the first 24 months from the date of issuance of the units, at a price of C$0.30 from the start of the 25th month until the end of the 48th month, and at a price of C$0.40 per share at the start of the 49th month until the end of the 60th month.
  2. 2.Contemporaneously with the signing of the definitive Agreement:
    1. a.Uragold will make a cash payment of C$25,000 to Fancamp within six (6) months of the Signature of the definitive Agreement.
    2. b.Uragold will finance C$400,000 worth of exploration work on the Claims over the next 4 years, under the following schedule, Year 1: C$50,000, Year 2: C$75,000, year 3: C$100,000 and year 4: C$175,000.
    3. c.Uragold will grant Fancamp a three and one half percent (3.5 %) Gross Metal Royalty on any gold production extracted from the 32 Claim block acquired by Uragold.
  3. 3.Fancamp and Uragold will sign a Covenant regarding the sale of Uragold shares held by Fancamp.
    1. a.Included in the Covenant will be a Standstill agreement whereby Fancamp agrees not to sell any of its Uragold shares (“Standstill”) during a twelve (12) month period (“Standstill Period”) starting on the day of the issuance of the Uragold Units to Fancamp.
    2. b.The Covenant will also include a Change of Control Clause whereby in the event that a Change of Control event occurs at Fancamp, then either the Standstill Period will be automatically increased by thirty six (36) months or a new thirty six (36) months Standstill Period will start.
    3. c.Included in the Covenant will be a Vote with Management Clause whereby Fancamp agrees to votes all of its shares proxy in favor of Uragold Management.
  4. 4.Once Gold Mining operations have begun on the Claims purchased, Uragold will make a one-off cash payment of C$500,000 to Fancamp.

Both Parties are actively working to finalize the definitive written Agreement by end of next week, once both Parties obtain final board approval. The transaction is also subject to the approval of the TSX Venture Exchange.

Mr. Vivian Stuart-Williams, SACNASPS, working under Special Authorization #290 of the Quebec Order of Geologist, is an Independent Qualified Person as defined by National Instrument 43-101 that supervised the preparation of the information in this news release.

Patrick Levasseur, President and COO of Uragold stated that: “This acquisition will change the whole dynamics of the Beauce Paleoplacer Gold project. It could significantly increase the size and scope of our project.” Mr. Levasseur went on to add: “We are extremely pleased to have a highly experienced exploration company such as Fancamp as a large shareholder of Uragold”.

About Uragold Bay Resources Inc.

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up, (Capex < C$10M), that will generate high yield returns (IRR > 50%). Uragold will reach these goals by developing Quebec’s first placer mine in 50 years, the Beauce Placer Project developing and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

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

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271

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Lexaria Submits Health Canada Marijuana License Application

Posted by AGORACOM-JC at 8:16 AM on Wednesday, September 17th, 2014

 

Health Canada Marijuana License Application Submitted

Kelowna, BC / ACCESSWIRE / September 17, 2014 / Lexaria Corp. (LXRP-OTCQB) (LXX-CNSX) (the “Company” or “Lexaria”) reports that the joint venture with Enertopia Corp has submitted the Health Canada MMPR Licensed Producer application in July 2014, and that the application is currently in the Health Canada preliminary screening process. The actual submission of our license application had not been previously disclosed.

The Joint Venture is in correspondence with Health Canada frequently with respect to specific aspects of the licensing process which are being handled by Ontario Operations Manager Mr. Donald Shaxon, responsible person in charge. The Joint Venture has requested a Ready to Build letter from Health Canada.

The Burlington Joint Venture with Enertopia Corp (ENRT or TOP) has applied to produce 10,000kg of Medical Marihuana per year under its Licensed Producer application. Enertopia has 51% interest in the joint venture and Lexaria Corp 49%, as earlier disclosed.

The Burlington JV has requested a Ready to build letter from Health Canada once the application has been accepted from Health Canada.

Listed below are the Health Canada steps for becoming a licensed producer to be reached by way of the application and review process. There are no specific process time constraints for each step.

Step 1: Preliminary Screening
Step 2: Enhanced Screening
Step 3: Security Clearance
Step 4: Review
Step 5: Ready to build letter (if required by applicant)
Step 6: Pre-licence inspection
Step 7: Licensing

Health Canada has also been clear about the quantity of licenses to be issued, in contrast to certain marketplace speculation. The Health Canada website asks the question, “Is there a limit to how many production licences Health Canada will issue under the Marihuana for Medical Purposes Regulations (MMPR)?” And Health Canada answers the question with, “No. Health Canada will not impose a limit on the number of production licenses.”

Lexaria provides the above information to provide guidance and clarity to counter what at times appear to be flawed information in the community, of course acknowledging that the policies of third parties can change at any time.

The Joint Venture has been active in the local community and has met with the local policing authority, which is interested in conducting security training and swat team training at the Joint Venture facility. We are very pleased to be working closely with law enforcement and look forward to learning more from preventative and proactive security measures.

Lexaria also notes that the Ottawa project has conducted due diligence on and rejected the initial proposed building location in the greater Ottawa area as not likely to comply with the strict requirements of the MMPR. Additional locations in the area are being examined. The company will remain prudent in its efforts to ensure the maximum return on all our stakeholder’s investments.

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 business will provide any benefit to Lexaria and no assurance that the corporate policies described herein will produce any benefit for the Company or its shareholders. There is no assurance that Health Canada will grant any license or ready to build letter to the Company at any time, with respect to the Company’s MMPR application.

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

 

SOURCE: Lexaria Corp.

Start your small cap medical marijuana research in the AGORACOM Small Cap 
Medical Marijuana Stocks Gateway: 
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Enertopia Provides Burlington Lexaria JV Update

Posted by AGORACOM-JC at 8:11 AM on Wednesday, September 17th, 2014

VANCOUVER, BC / September 17, 2014 / Enertopia Corporation (ENRT-OTCBB) (TOP-CSE) (the “Company” or “Enertopia”) announces the Burlington, Ontario Application is in the Health Canada Preliminary Screening process.

The company is pleased to advise shareholders that its Joint Venture partner, Lexaria Corp (LXRP), and the Company have submitted their application for Licensed Producer in July 2014 and are in regular correspondence with Health Canada with respect to specific aspects of the licensing process, which are being handled by Ontario Operations Manager Mr. Donald Shaxon as responsible person in charge.

The Burlington Joint Venture with Lexaria Corp has applied to produce 10,000kg of Medical Marihuana per year under its Licensed Producer application. Enertopia has 51% interest in the joint venture and Lexaria Corp 49% as disclosed on April 9, 2014 in Enertopia’s press release #201424.

The Burlington JV has requested a Ready to build letter from Health Canada once the application has been accepted from Health Canada, see step 5 below.

For those not familiar with the Health Canada process for becoming a licensed producer, below are the levels to be reached through the application process. Note there are no specific process times for each step, however one could progress from preliminary screening to ready to build letter in as little as 90 to 120 days depending on the application submitted to Health Canada:

Step 1: Preliminary Screening
Step 2: Enhanced Screening
Step 3: Security Clearance
Step 4: Review
Step 5: Ready to build letter (if required by applicant)
Step 6: Pre-licence inspection
Step 7: Licensing

The Joint Venture (JV) has been active in the local community and has received very good community and media support. The JV also met with the local policing authority and upon licensing by Health Canada we have proposed that the local police could conduct security and swat team training at the facility. We are very pleased to be working closely with law enforcement and look forward to their insights in preventative and proactive security measures.

Enertopia at this time publically acknowledges its support for the Lexaria Corp policy on the responsible use of medical marijuana announced on August 28, 2014. Therefore, Enertopia is establishing a corporate policy wherein we will not knowingly sell medical cannabis containing more than 0.3% THC to any medical marijuana patient who is under the age of 21, unless it is in a form specifically approved by relevant government health agencies.

“Enertopia’s overriding responsibility is to cause no harm and keep Medical Marijuana as a safe and secure option for patients in search of natural healing options.” Stated President / CEO Robert McAllister.

About Enertopia

Enertopia’s shares are quoted in Canada with symbol TOP and in the United States with symbol ENRT. For additional information, please visit www.enertopia.com or call

Ken Faulkner, Business and Institutional Development: (250) 765-3630

Clark Kent, Media Inquiries: (647) 519-2646

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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, potential licensing and financing of its medical marihuana projects, evaluation of clean energy projects, oil & gas projects, , 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 that 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., foreign exchange and other financial markets; changes of the interest rates on borrowings; hedging activities; changes in commodity prices; changes in the investments and exploration expenditure levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Enertopia Corporation operates. The User should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Enertopia Corporation from time to time with regulatory authorities. There is no assurance that the Burlington Joint Venture will obtain a license under MMPR and or that the Company will be able to obtain future financings.

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

Start your small cap medical marijuana research in the AGORACOM Small Cap 
Medical Marijuana Stocks Gateway: 
http://agoracom.com/portal/Small%20Cap%20Medical%20Marijuana%20Stocks

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Excellent Results at New Lexaria Oil Well

Posted by AGORACOM-JC at 8:19 AM on Tuesday, September 16th, 2014

 

Excellent Results at New Lexaria Oil Well

Kelowna, BC /September 16, 2014 / Lexaria Corp. (LXRP-OTCQB) (LXX-CNSX) (the “Company” or “Lexaria”) is very pleased to report excellent oil production rates at the new PPF-12-7 oil well at Belmont Lake, Mississippi. The well is now flowing and selling oil.

As of Friday September 12, the well was producing approx 120 bo/d on a 12/64th choke. For Sept 13 it produced 119 bo/d on an 11/64th choke; and on Sept 14 it produced 119 bo/d on a 10/64th choke. No formation water has been produced. Flowing pressures increased each day as choke sizes were reduced, indicating healthy reservoir pressures. This is one of the highest flow rates ever for a Belmont Lake well, and more than meets Lexaria’s expectations. The 12-7 well is located further east than any other existing well in Belmont Lake field, further expanding the producing boundaries of the field which are still undetermined.

The operator and owners intend to restrict this well to 90 bo/d for the intermediate term on an even more restricted choke, and to monitor the well over time to optimize production in the short and long terms. This allows for more prudent operation of the well and field over time, as many Frio-formation wells can produce oil for as long as 10 or 15 years.

Although earlier sidewall core analysis indicated 19-20 feet (true vertical depth) of oil bearing pay, only the upper 8 feet of the well was perforated in order to stay above the oil/water contact zone.

“Taken within the context of this conservative perforation technique and the restriction from the small choke size, I view the oil production rates from this well as even more positive,” said Chris Bunka, President.

Lexaria congratulates its operator and co-owners of the 12-7 well as the Belmont Lake oil field continues to provide positive results.

Additional information, including longer term performance, will be released when available. Griffin & Griffin Exploration, LLC is the operator of the well which was drilled in Section 41, Township 2 North – Range 4 West of Wilkinson Country, Mississippi.

Lexaria retains a 42% working interest in the producing 12-1 and 12-3 wells; a 50% working interest in the suspended 12-4 and 12-5 wells; and a 13.3% working interest in the 12-7 well. Lexaria is actively reviewing all possible ways of maximizing value from the Belmont Lake oil field assets.

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. It is impossible to identify all such factors but they include and are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration because of mechanical, weather, operating, financial or other problems; capital expenditures that are higher than anticipated; or exploration opportunities being fewer than currently anticipated. There can be no assurance that road or site conditions will be favorable for field work; no assurance that well treatments or workovers will have any effect on oil or gas production; no assurance that oil field interconnections will have any measurable impact on oil or gas production or on field operations, and no assurance that any expected new well(s) will be drilled or have any impact on the Company. There can be no assurance that expected oil and gas production will actually materialize; and thus no assurance that expected revenue will actually occur. There is no assurance the Company will have sufficient funds to drill additional wells, or to complete acquisitions or other business transactions. Such forward looking statements also include estimated cash flows, revenue and current and/or future rates of production of oil and natural gas, which can and will fluctuate for a variety of reasons; oil and gas reserve quantities produced by third parties; and intentions to participate in future exploration drilling. Adverse weather conditions including but not limited to surface flooding can delay operations, impact production, and cause reductions in revenue. The Company may not have sufficient expertise to thoroughly exploit its oil and gas properties. The Company may not have sufficient funding to thoroughly explore, drill or develop its properties. 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 completion of the 12-7 well or the new production facility will continue to produce commercial quantities of oil.

 

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

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Enertopia Provides Update on The Green Canvas JV

Posted by AGORACOM-JC at 8:04 AM on Tuesday, September 16th, 2014

VANCOUVER, BC / September 16, 2014 / Enertopia Corporation (ENRT-OTCBB) (TOP-CSE) (the “Company” or “Enertopia”) Green Canvas Application is in the Health Canada preliminary screening process.

The company is pleased to advise shareholders that it has been informed by its Joint Venture partner The Green Canvas that they have submitted their application for Licensed Producer and are in correspondence with Health Canada with respect to specific aspects of Quality Assurance Reports which are being handled by their in house PH.D in Organic Chemistry in the application process.

The Green Canvas has applied to produce 10,000 kg of Medical Marihuana per year under its Licensed Producer application. Enertopia may acquire up to a 75% interest in the joint venture as disclosed on February 28, 2014 in our press release 201412.

Facility upgrades are ongoing and Enertopia’s Management team will be onsite in early October and will provide a project update shortly thereafter.

For those new to the Health Canada process for becoming a licensed producer below are the levels to be reached through the application process, Note there are no specific process times for each step:

Step 1: Preliminary Screening
Step 2: Enhanced Screening
Step 3: Security Clearance
Step 4: Review
Step 5: Ready to build letter (if required by applicant)
Step 6: Pre-licence inspection
Step 7: Licensing

“The Green Canvas is well known and respected in their outreach to patients in need of Medical Marihuana and are respected for producing the highest quality of medical grade marihuana.” Stated President / CEO Robert McAllister.

Further information on the Green Canvas can be found at www.thegreencanvas.ca/

About Enertopia

Enertopia’s shares are quoted in Canada with symbol TOP and in the United States with symbol ENRT. For additional information, please visit www.enertopia.com or call

Ken Faulkner, Business and Institutional Development: (250) 765-3630

Clark Kent, Media Inquiries: (647) 519-2646

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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, potential and financing of its medical marihuana projects, evaluation of clean energy projects, oil & gas projects, , 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 that 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., foreign exchange and other financial markets; changes of the interest rates on borrowings; hedging activities; changes in commodity prices; changes in the investments and exploration expenditure levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Enertopia Corporation operates. The User should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Enertopia Corporation from time to time with regulatory authorities. There is no assurance that the Green Canvas Joint Venture will obtain a license under MMPR and or that the Company will be able to obtain future financings.

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

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Neah Power’s BuzzBar Suite(R) Launch Empowers African Classrooms

Posted by AGORACOM-JC at 6:00 AM on Tuesday, September 16th, 2014

Indiegogo Campaign Demonstrates Power to “Go Anywhere. Take Charge.”

BOTHELL, WA, Sep 16, 2014 — Neah Power Systems Inc. (OTCBB: NPWZ) (‘Neah’), an innovator and supplier of cutting-edge power solutions for the military, transportation and portable electronics industries, is proud to launch their Indiegogo campaign for its BuzzBar Suite and a partnership to bring computing power to rural African classrooms using the recently released BuzzBar(R) Suite of products. The BuzzBar(R) is a new groundbreaking product that enables off-the-grid recharging of mobile consumer electronics using solar, grid, or proprietary fuel cell technology. If you frequently travel or go “off-grid” for any length of time, you will need a power source for your critical electronics. The BuzzBar Suite provides a simple power solution for anyone who needs “power to go.” This BuzzBar Suite can also be a life-saving product in an emergency.

Neah is partnering with the Asante Africa Foundation, a not-for-profit 503(c) corporation deploying tablet computers into remote African classrooms through their “Classroom in a Box” program, which will provide rich teaching material and expose children to content they would otherwise not have access to. Schools in remote villages are far from the grid and therefore require alternative power solutions. For every 25 BuzzBar Suite units sold, Neah Power will donate one BuzzBar Suite to Asante Africa Foundation.

“We believe there is a strong demand for a simple device that can enable people to go farther and travel longer with their vital electronics. There is nothing quite like the BuzzBar Suite,” said Dr. Chris D’Couto, CEO of Neah Power Systems. “We are eager to showcase the product’s power and are excited to bring the potential of Indiegogo(R) to this effort. Partnering with Asante Africa Foundation allows us to do good and further a very worthy cause.”

“We are pleased to partner with Neah Power Systems to deploy these products and enable a 21st Century learning experience to the children in Africa,” said Erna Grasz, CEO of Asante Africa Foundation. Be sure to visit http://igg.me/at/buzzbar to learn more about Neah Power’s campaign and how they are contributing to the Asante Africa Foundation. More information about Asante Africa Foundation’s Technology in the Classroom initiatives can be found at http://www.asanteafrica.org/technology/.

Different perks reap different acknowledgment gifts. For example, a donation of $40 will provide the benefactor with a t-shirt, and a donation will be made to Asante Africa Foundation. A donation of $149 will provide you with the BuzzBar(TM) Suite: a BuzzBar, a BuzzSol and a BuzzBat. Other perks provide other product combinations. The BuzzCell is expected to ship in Q4 2014. Visit the campaign on Indiegogo for a complete list of the perks offered.

About Neah Power Systems

Neah Power Systems, Inc. is an innovator and supplier of cutting-edge power solutions for the military, transportation and portable electronics industries. Neah Power’s long-lasting, efficient, and safe solutions include patented and patent pending PowerChip and the BuzzBar family of products. Neah Power was a 2012 ZINO Green Finalist, 2010 WTIA Finalist, and 2010 Best of What’s New Popular Science Award.

About Asante Africa Foundation Asante Africa Foundation believes in the power of knowledge as the catalyst that will empower the next generation of change agents. We provide African youth in deeply rural areas of East Africa with access to high quality education and the tools to apply their knowledge beyond the classroom, creating opportunities to transform Africa and the world. Asante Africa Foundation is a 501 (c) 3 non-profit organization with global headquarters in the U.S.A. To learn more or to make a tax-deductible donation, please visit us at www.asanteafrica.org or email [email protected].

Forward Looking Statements Certain of the statements contained herein may be, within the meaning of the federal securities laws, “forward-looking statements,” which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, and the Company does not undertake any responsibility to update any of these statements in the future. Please read Neah Power System’s Form 10-K for the fiscal year ended September 30, 2013 and its Quarterly Reports on Form 10-Q filed with the SEC during fiscal 2014 for a discussion of such risks, uncertainties and other factors.

SOURCE: Neah Power Systems, Inc.

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Quebec Quartz Completes Previously Announced Exploration Program on the Montpetit Quarry, The Martinville and The Malvina Silica Properties

Posted by AGORACOM-JC at 10:41 AM on Monday, September 15th, 2014

Montreal, Quebec / September 15 2014 / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that it’s wholly owned subsidiary, Quebec Quartz, has successfully finish the sampling programs over the historical quartz and quartzite showings on the Montpetit Quarry, and the Martinville and Malvina Silica properties. A map of the properties can be viewed here: http://www.uragold.com/Quebec-Quartz.php.

The Montpetit Property is located in the Monteregie Region of Quebec, some 40 km south of Montreal and 7 km south of Saint-Clotilde-de-Chateauguay. The Quebec-New-York border is 10 km from the property. The property is located on NTS map sheets 31H/04 (1:50,000 scale). Farms fields and forest, owned by private landowners, mostly cover the region.

A review of the historical work indicates that the quarry operated for one (1) year and that the deposit is composed of consolidated beach sand that was highly purified by segregation, sorting and leaching. Through natural Diagenesis, overtime the sand was transformed into a quartzite.

In 1956, six thousand (6,000) tons was mined from a 100 m long by 30 m large and 2 m deep tranche. The quartzite material mined was shipped to Electro-Metallurgical, where it averaged a SiO2 purity of 99.27% and was used to produce ferrosilicon.

The Quebec Quartz field crew, consisting of a geologist and a technician, performed the sampling program over the historical quartzite showing on the claims. The historical quarry is 100 m long by 35 m large and is inside a tabular orthoquartzite. This sandstone (Cairnside sandstone) is well spread all around the area. In order to have a good sampling spread, 5 samples were taken at different zone of the quartzite. Each quartzite layer along the stratigraphy has been sampled.


Click Image To View Full Size

Figure 1. This is a picture of Cairnside sandstone from the Montpetit Property.

The Martinville Property is located 180 km east of Montreal and 30 km south of Sherbrooke. The property is located on NTS map sheets 21E/05 (1:50,000 scale). Private forests and small farms mostly cover the region.

A review of the historical work indicates that Constelar Geosciences carried an extensive survey of the Property in 1995. This geophysics survey associated with excavation and rock sampling work done then enabled the estimation of a (non NI 43-101 compliant) quartzite resource of 1 million tons. 70% of the quartzite samples tested over 90% Si02. The quartz is found in large hydrothermal veins that were followed for 100 m.

The Quebec Quartz field team performed a sampling program over the historical the quartzite body. Three production holes have been found and many blocks had been removed from the veins. Samples were taken on different zones of the diggings. A total of 8 samples were collected in order to have representative’s samples for the area.


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Figure 2. This is picture of Quartz Vein samples taken from the Martinville Property.

The Malvina Property is located in the Eastern Township, some 200 km east of Montreal and 5 km from the Quebec-New-Hampshire border. The property is located on NTS map sheets 21E/03 (1:50,000 scale). Private forests and small farms mostly cover the region.

A review of the historical work indicates that the Malvina showing hosted a producing quarry in the past. At the time the quartz was mined for its whiteness.

The Malvina showing was reviewed in 1995 and the exploration campaign revealed that the mineralization appears to take place in a 15 m by 6 m lens. Samples taken indicate that high purity quartz (99.74% SiO2) is present. The mineralization seems to be linked with a post orogenic event that created several shear zone filled with hydrothermal quartz.

The Quebec Quartz field crew was successful in finding the historic quartz vein. The outcrop is a 12 m by 6 m quartz vein. The quartzite body on the Property was assayed, 3 channel samples were taken. Another quartz showing was identified to the field crew by the landowner and corresponds to an old exploitation gallery following a quartz vein. A grab sample was taken from the gallery.


Click Image To View Full Size

Figure 3. This is picture of a Quartz Vein taken on the Malvina Property

Source: Resources Naturelles du Quebec, Sigeom 2014, Work Reports GM54343, GM53695, GM03695. All information such as resources estimates and grades herewith presented is historical in nature and while relevant, the information was obtained before the implementation of National Instrument 43-101 and as such does not meet National Instrument 43-101 reporting standards. The historical estimate should not be relied upon until the Company can confirm them.

All the samples and the duplicates are blocs that range in sizes between 10cm3 to drill core size to allow thermal testing. The Company has sent all the samples collected to the INRS (Institut National de la Recherche Scientifique) laboratory in Quebec City. The INRS will prepare the samples to remove mineral contaminants caused by the sampling tools, handling and weathering. Various tests will be performed such as chemistry analysis, thermal shock, particle shape, size and distribution.

Patrick Levasseur, President and COO of Uragold stated, “we are extremely pleased that the field crew was able to find the historical quartz showings, extract samples and confirm that there still remains significant quantity of material present.” Mr. Levasseur then added, “The accessibility to the properties was exceptional and we express our gratitude to all land owners for their help and collaboration.”

To fully comply with high purity quartz industry standards, several constant parameters must be met including: 1) Chemistry; 2) Particle shape, size and distribution; 3) Hydroxyl level and; 4) Carbon content. These four characteristics are fundamental for the successful production of high purity quartz to a commercially acceptable product standard. Samples will be sent to an independent lab, silicon metal producers and specialized labs that supply high purity quartz to high tech companies.

Mr. Robert Gagnon, P. Geo, is a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the information in this news release. All information such as resources estimates and grades herewith presented is historical in nature and while relevant, the information was obtained before the implementation of National Instrument 43-101 and as such does not meet National Instrument 43-101 reporting standards. The historical estimate should not be relied upon until the Company can confirm them.

About Quebec Quartz

Uragold acquired some of the most prospective historical High Purity Quartz deposits with High Purity Silica (+99.5% SiO2) (HPS) values in Quebec during Q2 2014. Quebec Quartz is a 100% own subsidiary of Uragold Bay Resources, a junior exploration company listed on the TSX Venture under the symbol UBR. Quebec Quartz holds a strategic portfolio of high purity silica (+99.5% SiO2) deposits and closed silicon metal mines in Quebec.

About Silica

Quartz is one of the most abundant minerals. It occurs in many different settings throughout the geological record. High Purity Quartz deposits with low impurities are rare. However, only very few deposits are suitable in volume, quality and amenability to tailored refining methods for specialty high purity applications.

High Purity Silica (HPS) and Silicon Metal which is used in large part in the aluminum industry has become one of today’s key strategic minerals with applications in high-tech industries that include semiconductors, LCD displays, fused quartz tubing, microelectronics, solar silicon applications and recently, Silicon Anode Lithium Batteries

About Uragold Bay Resources Inc.

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up, (Capex < C$10M), that will generate high yield returns (IRR > 50%). Uragold will reach these goals by developing Quebec’s first placer mine in 50 years, the Beauce Placer Project developing and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

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

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271

www.uragold.com

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CLIENT FEATURE: (UBR: TSX-V) Leader in High Purity Quartz Exploration in Quebec

Posted by AGORACOM-JC at 11:55 AM on Thursday, September 11th, 2014

Why Uragold Bay Resources?

  • High Purity Silica (HPS) and Silicon Metal key strategic minerals with applications in high-tech industries that include semiconductors, LCD displays, fused quartz tubing, microelectronics, solar silicon applications and recently, Silicon Anode Lithium Batteries

Uragolds business model focuses on developing low-risk, low-cost gold mining operations while exploring on core properties that hold the potential of discovering world class gold deposits. The Company’s properties are located in Canada in the Appalachian region of the province of Quebec. The properties benefit from extensive historical exploration work and from well-established infrastructure thereby helping to reduce exploration risks.


What are High Purity Quartz and Silicon Metal?

High Purity Quartz

  • High Purity Quartz (HPQ) has a purity level in excess of 99.997% and is extremely rare.
  • Used in the semiconductor industry to produce crucibles and quartz glass products, such as windows, rods, and tubes [Source].

  • Also used in the production of silicon metal, which is the base for the semiconductor wafers, made using the Czochralski Process[Source].

  • High purity quartz deposits with low impurities are rare, world supplies are tightening and HPS prices are rising [Source ].

  • Demand for HPQ is growing with the high tech industry and the price for premium HPQ can vary between US$ 8,000 to US$ 25,000 or more per ton depending on the specifications needed for the final application [Source ].

Metallurgical Silicon Metal

  • Metallurgical Silicon Metal has a purity of 98.5% or higher and is used as an alloying agent in the aluminum industry due to its ability to increase the strength of aluminum [Source].

  • Adding Silicon Metal to aluminum alloys makes them strong and light [Source].

  • As a result they are increasingly used in the automotive industry to replace heavier cast iron components [Source].

  • Allows weight reductions and a reduction in fuel consumption [Source].

  • Demand for aluminium has increased 5% CAGR over the past 20 years [Source].

  • It has also been reported that the solar industry will have it’s first global panel shortage since 2006 [Source].

  • It has become one of today’s key strategic minerals with applications in high-tech industries that include semiconductors, LCD displays, fused quartz tubing, microelectronics, solar silicon applications and recently, Silicon Anode Lithium Batteries

  • Silicon Metal with 98.50% SiO2 purity sells for about US$ 3,200 per ton (or US$ 1.45 US a pound) [Source].

Martinville, Malvina and the Montpetit Quarry Silica Properties

Company announced that it’s wholly owned subsidiary, Quebec Quartz, has initiated a work program and is starting the evaluation process of its Martinville, Malvina and the Montpetit Quarry Silica properties.

Fieldwork will first start on the Martinville property where a Historical Resource of 1,000,000 tons was declared and where samples of up to 99% SiO2 were found and then continue to the Malvina property where sample as high as 99.74% SiO2 were reported. Historical records indicate that the samples were taken from quartz vein systems described as clear white quartz with limited fracturing. Both properties are located approximately 40 km south east of Sherbrooke in the Eastern Townships of Quebec.

The Montpetit Quarry is located in Hemmingford Quebec, 70 km south of Montreal. Historical records indicate the silica mined in the 1950s from the quarry was used for ferro-silica production. In 1956, 3,000 tons of sandstone quartzite was analyzed and the average result for SiO2 was 99.27% indicating that the silica from this property could be suitable for silicon metal production. The silica is described as originating from very pure quartzite sandstone from the Cairnside geological formation

Developing Quebec’s First Placer Gold Mine

Beauce Placer Gold Project is located in the municipality of Saint-Simon-les-Mines in the Beauce region of southern Quebec. The project has all the required environmental permits to start its operations, and is in the final stage for obtaining a 20 year mining lease for a placer gold mining operation. It will be Quebec’s first placer mine in 50 years.

The Company declared inferred resource of 23,000 oz. AU (741,000 m3 @ 0.97 g Au/ m3) on the Rang Chaussegros section. The importance of the nugget effect on the project potential is such that gold recovery could be between 23,000 (741,000 m3 @ 0.97 g Au/ m3) and 140 000 ounces (741,000 m3 @ 5.9 g Au/ m3), as per data derived from the historical mining figures.;

Developing an open pit gold mine in the Beauce

In April 2014, Uragold singed a definitive option agreement with Golden Hope Mines (“GNH”) concerning the advancement of the Bellechasse-Timmins (BT) Gold Deposit into a producing mine.

In August 2012, GNH published a resource estimate of an indicated resource of 313,900 ounces gold (2.9 million tonnes grading 3.36 g/t Au) and an inferred resource of 102,000 ounces gold (2.17 million tonnes grading 1.46 g/t Au) using a cut-off grade of 0.60 g/t. Furthermore, GNH’s many bulk-sampling campaigns revealed extensive areas of surface mineralization averaging approximately 3 g/t Au. Notable were sampled areas averaging up to 10 g/t Au (Trench 09A).

The Beauce Placer property and the Golden Hope Mines’ Bellechasse-Timmins (BT) Gold Deposit (which are both ‘nuggety’ type deposits) are located within Magog Group sediments. It should be noted that the Beauce gold project has a thick till in contrast to the Bellechasse-Timmins (BT) Gold Deposit where most of the till has been eroded away and exposed the outcrops. This suggests that both the Beauce and the Bellechasse/ Timmins deposits are genetically related – the Beauce being a placer deposit derived from an unknown Bellechasse/ Timmins type deposit.

Under the terms of the Option Agreement, Uragold will be responsible for obtaining all required permits, approvals, and documentation associated with going into production, in return for a 30% interest in the property. Uragold will then have 120 days to obtain project financing, which, if successful, will earn it a further 20% interest, giving Uragold a 50% interest in the B-T deposit. The companies will then form a Joint Venture (JV) for the operation of the mine, with Uragold serving as operator. GNH will have a carried interest into production, and will receive a 50% Net Proceeds Royalty (“NPR”) on the gold produced.

  • 38,000 meters drilled, 2010 to 2012
  • Gold Recovery:
    • Gravity separation up to 92%
    • Total gold (gravity + cyanidation) 99%
  • Less than 1% Bellechase-Belt explored
  • Located in the municipality of Saint-Magloire, in the Beauce region of Quebec
  • 1 ½ hour drive south of Quebec City
  • 3 ½ hours from Montreal
  • Accessible year round on all paved roads, close to urban infrastructures

Moe River Gold Property

The Moe River Property is located in the southwestern part of the Quebec Appalachians in the Eastern Townships region of the Province of Quebec.

The gold bearing gravels of the Moe river valley has attracted prospectors since the 1900. Between 1958 and 1962, Tamara Mining Limited worked in the Moe River area, under the direction of G. A. Blair, P.Eng. Blair defined a historical resource based on the volume of gravels in the terraces along the river. He concluded that there were between 45 to 48 million cubic yards of material in all of the terraces containing a total of 400,000 ounces of placer gold.

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Newnote Financial Enters into Strategic Partnership with Net-Cents to Enable Clients to Instantly Convert Crypto Currency to Fiat and Transfer Funds

Posted by AGORACOM-JC at 9:35 AM on Thursday, September 11th, 2014

Vancouver, British Columbia – Newnote Financial Corp. (the “Company”), (CSE: NEU; FSE: 1W4; OTC: NWWTF) is pleased to announce that it has entered into a strategic partnership with Net-Cents Systems Ltd. (Net-Cents), an electronic payment transaction platform integrated with some of the World’s largest financial institutions to enable 100% secure, real time online transactions between both consumers and merchants.

Newnote and Net-Cents software development teams will jointly build out API’s to connect Newnote’s PureTrade exchange and Net-Cents transaction platform. This integration will allow users to simultaneously view balances in both their cash and crypto currency accounts and be able to use cash to purchase additional crypto currencies or sell their crypto currencies and transfer the cash back to their accounts in real time. Users will also be able to transfer funds person to person as well as buy goods and services online and pay in the currency of their choice.

 

Clayton Moore, Founder & CEO of Net-Cents said, “This agreement between Newnote and Net-Cents positions the two companies at the forefront of the payment and crypto-currency markets.”

Newnote President & CEO Paul Dickson states “This partnership simplifies the task of buying and selling Bitcoin using traditional currencies. We’re pleased Net-Cents have chosen to work with us, the mutual benefit will prove to be rewarding.”

About Net-Cents Systems Ltd.

Net-Cents Systems Ltd. (Net-Cents) is an enhanced electronic Payment Service Provider (or “PSP”) with industry leading capabilities that benefit both merchants and consumers. The system is designed to exploit existing inadequacies in the PSP market space as well as transition towards the future as it has the capability to handle traditional cash based transactions and digital (crypto) currency based ones.

The Net-Cents platform is not credit card based and is associated with some of the world’s largest financial institutions. It is 100% secure against Credit Card fraud and ID Theft for consumers while providing merchants greatly reduced transaction costs.

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.

For further information please contact:

Paul Dickson

President, CEO & Director

Newnote Financial Corp.

Suite 709-700 West Pender Street

Vancouver, BC V6C 1G8

direct: 604-229-0840

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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FEATURE: Xylitol (XYL:TSX-V) Natural Sweetener Co with $6.5M in 2013 Revenue

Posted by AGORACOM-JC at 11:54 AM on Wednesday, September 10th, 2014

XYL: TSX-V

Financial Highlights

  • Revenues for its second quarter ended June 30, 2014 of approximately $2.0 Million, representing an increase of 43% over the same period from the preceding year.
  • For the three months ended March 31, 2014, sales increased by 97% to $2,170,624, compared to the three months ended March 31, 2013;
  • For the three months ended March 31, 2014, gross profit increased by 33% to $498,665, compared to the three months ended March 31, 2013.
  • For the twelve months ended December 31, 2013, sales increased by 87% to $6,508,998, compared to $3,473,053 for the twelve months ended December 31, 2012.
  • For the three months ended December 31, 2013, sales increased by 194% to $2,555,526, compared to $868,134 for the three months ended December 31, 2012

Marquee Customers Include:

Strong Institutional Ownership

  • Dundee Corp 29%
  • SunOpta BioProcess Inc. 26%

What is Xylitol you ask?

  • Xylitol is a sugar alcohol – and no, that doesn’t mean there’s alcohol in it. It’s also known as a polyol. Sugar alcohols contain fewer calories and fewer carbohydrates than other sweeteners. Replacing sugar with xylitol can be helpful if you’re trying to lose weight or even to help prevent weight gain.

What does xylitol taste like?

  • Xylitol is a white crystalline granule that looks and tastes like sugar. The good news is that it doesn’t have the negative side effects associated with sugar. Xylitol is low-calorie, low-carb, diabetic safe and we think it’s guilt free!

Where does your xylitol come from?

  • Xyla brand xylitol is extracted from North American grown hardwood trees, and it’s delicious. We believe the practices employed in the harvesting and processing of our xylitol are ecologically sustainable. Xylitol is also naturally occurring in many fruits and vegetables. Did you know the human body makes about 15 grams of xylitol per day?

Xylitol Canada, Inc. emerged in 2004 as a reseller and distributor of Xylitol and Xylitol products. Based in Toronto, Ontario, the company continued to grow and develop additional brands under the names Sweet Diabetic Delight and Xylitol Canada. Realizing the market potential for high quality, readily available, and consistently priced Xylitol and Xylitol products, the Company broadened its strategic vision in 2009.

Realizing that the void in the Xylitol market was based on inadequate supply and lack of awareness, the company initiated a 2-tier business expansion plan that sought to solve both of these problems. With the vision of a full scale North American Xylitol production facility as a critical element of this strategy, the Company reached out to the Capital markets and formally went public in April of 2010. With the capital base to aggressively address the marketplace, the company immediately began executing its business plan.

Xylitol In The Media

balancing your blood sugar on CTV Canada with Andrea donsky from naturally savvy

balancing your blood sugar with xylitol on breakfast television

Fed Up By Katie Couric: Katie Couric explains how junk food is high jacking our brains

Daytime Toronto: Dr. natasha turner explains the benefits of xyla xylitol

MACLEAN’S: Death By Sugar: How the sweet killer is fuelling the biggest health crisis of our time

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