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Forget #Bitcoin: #Blockchain is the Future $SX $SX.ca $SXOOF $IDK.ca $AAO.ca $HPQ.ca

Posted by AGORACOM-JC at 11:52 AM on Tuesday, May 29th, 2018
By Nathan Reiff | May 27, 2018 — 5:55 AM EDT

Cryptocurrencies of all types make use of distributed ledger technology known as blockchain. Blockchains act as decentralized systems for recording and documenting transactions that take place involving a particular digital currency. Put simply, blockchain is a transaction ledger that maintains identical copies across each member computer within a network.

Any party is able to both review previous entries and record new ones, although most blockchain networks have complex rules for the addition of new groups of records, “blocks,” to the chain of previous records. The blocks and the contents within them are protected by powerful cryptography, which insures that previous transactions within the network cannot be either forged or destroyed. In this way, blockchain technology allows a digital currency to maintain a trusted transaction network without relying on a central authority. It is for this reason that digital currencies are thought of as “decentralized.” (See also: How Does Blockchain Work?)

While blockchain is most famous for its role in facilitating the rise of digital currencies over the past several years, there are also many other non-cryptocurrency uses for this technology. Indeed, some blockchain proponents believe that the technology could far outpace cryptocurrencies themselves in terms of its overall impact, and that the real potential of blockchain is only just now being discovered. As such, it’s likely that financial advisors and many others in the investing world will encounter blockchain technology much more in the years to come, whether it is linked with a specific cryptocurrency or if it’s being utilized in any number of other applications. Below, we’ll explore some of the most exciting and popular use cases likely to bring blockchain further into the world of mainstream business and finance.

Cross-Border Payments

Traditionally, the transfer of value has been both expensive and slow, according to a report by Deloitte, and especially for payments taking place across international borders. One reason for this is that, when multiple currencies are involved, the transfer process typically requires multiple banks in multiple locations before the intended recipient can actually collect his or her money. There are existing services to help facilitate this process in a faster way, but these tend to by quite expensive.

Blockchain technology has the potential to provide a much faster and cheaper alternative to traditional cross-border payments methods. Indeed, while typical money remittance costs might be as high as 20% of the transfer amount, blockchain may allow for costs as low as 2%, as well as guaranteed and real-time transaction processing speeds. There are hurdles to be passed, including regulation of cryptocurrencies in different parts of the world and security concerns. Nonetheless, this is one of the most promising and talked about areas of blockchain technology application. (For more, see: Bitcoin’s Most Profitable Use: the $600 Billion Overseas Remittance Business?)

Smart Contracts

Smart contracts are often seen as a highly powerful application of blockchain technology. These contracts are actually computer programs that can oversee all aspects of an agreement, from facilitation to execution. When conditions are met, smart contracts can be entirely self-executing and self-enforcing. For proponents of smart contracts, these tools provide a more secure, more automated alternative to traditional contract law, as well as an application that is faster and cheaper than traditional methods.

The potential applications of smart contract technology are essentially limitless and could extend to almost any field of business in which contract law would normally apply. Of course, while highly touted, smart contracts are not a magical substitute for old-fashioned diligence. In fact, the case of the Decentralized Autonomous Organization (DAO) is a cautionary tale and a warning to investors to not assume that smart contracts are any better than the information and organization that a user puts into them. Nonetheless, smart contracts remain one of the most exciting ways that blockchain technology has already extended beyond the cryptocurrency space and into the broader business world. (See also: Understanding Smart Contracts.)

Identity Management

One of the most problematic results of the internet age has been identity security. As diligent as many individuals and organizations are in maintaining their online identities and securing private information, there are always nefarious actors looking to steal and profit off of these digital items. Blockchain technology has already demonstrated the potential for transforming the way that online identity management takes place.

Blockchain offers a tremendous level of security, thanks to independent verification processes that take place throughout member computers on a blockchain network. In digital currency cases, this verification is used to approve transactions before they are added to the chain. This mechanism could just as easily be applied to other types of verification procedures, including identity verification and many other applications as well.

At this point, blockchain is a technology with an exceptionally broad set of potential uses. Although blockchain is most famous for its connections to the blossoming cryptocurrency world, several other applications have already been explored. Perhaps even more exciting, though, is that new ways of utilizing blockchain emerge every day. As such, whether you are directly involved in the digital currency space or not, it’s essential to develop an understanding of blockchain and how it may be used to transform the business and investment worlds. (For additional reading, check out: All About Amazon’s New Blockchain Service.)

Read more: Forget Bitcoin: Blockchain is the Future | Investopedia https://www.investopedia.com/tech/forget-bitcoin-blockchain-future/#ixzz5GtuZEx4l

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Good Life Networks Inc. $GOOD.ca increases first quarter revenue year over year by 2072%

Posted by AGORACOM-JC at 4:33 PM on Monday, May 28th, 2018

Glnlogo black 11

  • Revenue increased 2072% to $1,322,139 in the First Quarter of 2018 compared to $60,870 during the First Quarter of 2017;
  • Gross profit during the three months ended March 31, 2018 increased to $448,270 from $1,971 during the First Quarter ended March 31st, 2017;
  • Gross margin as a percentage of revenue during the three months ended March 31, 2018 were 34% compared to 3% during the First Quarter of 2017, representing a 1,133 % increase.

VANCOUVER, May 28, 2018  – Good Life Networks Inc. (“GLN“, or the “Company“) (TSX-V: GOOD, FSE: 4G5), a Vancouver-based programmatic advertising technology company, is pleased to announce that it has filed its First Quarter reviewed financial statements for the three months ended March 31, 2018 or “First Quarter” of 2018.  The Company’s reviewed interim consolidated financial statements as at and for the three months ended March 31, 2018 and related management’s discussion and analysis can be found on the Company’s SEDAR profile at www.sedar.com.  All figures are expressed in Canadian dollars unless otherwise stated.

Jesse Dylan, President and CEO commented, “We are very pleased with the revenue growth for Q1, 2018. It is a fantastic base for us to work from to meet our revenue and earnings objectives for the full fiscal year.” 

Financial Highlights:

  • Revenue increased 2072% to $1,322,139 in the First Quarter of 2018 compared to $60,870 during the First Quarter of 2017;
  • Gross profit during the three months ended March 31, 2018 increased to $448,270 from $1,971 during the First Quarter ended March 31st, 2017;
  • Gross margin as a percentage of revenue during the three months ended March 31, 2018 were 34% compared to 3% during the First Quarter of 2017, representing a 1,133 % increase.
  • Adjusted EBITDA loss for the three months ended March 31, 2018 was approximately $367,000 compared to an adjusted EBITDA loss of approximately $631,000 recorded for the First Quarter 2017.
  • The Company incurred a one-time expense of $2,318,018 in listing fees, third-party services and bonuses in connection with the RTO of Exito Energy II Inc. (“Exito”).

BUSINESS UPDATE

During First Quarter of 2018, the Company achieved the following milestones:

  • Completed RTO transaction with Exito, and concurrently raised $9.2M of equity.
  • Granted patent pending status by the USPTO on several innovations related to our exchange platform, algorithms and blockchain application designed to accelerate AR payment cycles for vendors in the digital advertising ecosystem.
  • March 8th, we continued our aggressive integration strategy by entering a commercial agreement with U.S. based Answer Media, giving us access to a global supply chain consisting of over one hundred million unique users and over three hundred publishers (websites on desktop and mobile).
  • March 22nd, we expanded into the U.K. with Advenue Limited (“Advenue”). Our agreement and integration with this London based company expands GLN’s global reach by up to nine new regions and includes access to over 4,000 mobile publishers across Android and iOS platforms.”

Subsequent to First Quarter

  • April 3rd, CEO Jesse Dylan and his team rang the bell at TSX to open the stock market marking GLN’s public listing on TSX-V under the stock symbol GOOD.
  • April 12th, GLN announced its listing on the Frankfurt Stock Exchange (third largest exchange globally in terms of volume of trading behind New York and NASDAQ) under the trading symbol 4G5.
  • April 19th, GLN entered into an Advisory Agreement with First Coin Capital (a Vancouver-based technology services company dedicated to advising established companies and providing access to the emerging digital currency asset class.) to assist in the detailed analysis and planning of the GLN accounts receivable (“AR”) Blockchain application.
  • April 26th, GLN announced record revenue during the twelve months ended December 31, 2017 increased 278% to $9,723,075.
  • May 3rd, GLN entered a commercial agreement to integrate with Clickky, a New York based global leader in monetization solutions for mobile applications. Clickky offers video advertising opportunities inside thousands of mobile applications – Reaching 1 billion daily advertising opportunities and 5 million monthly new application installations.
  • May 10th, GLN to announced the launch of a “CEO Verified” Discussion Forum on AGORACOM and secured an ongoing media campaign with extensive editorial coverage services from Market One Media Group Ltd.
  • May 17th, GLN announced it has entered into a Letter of Intent to acquire 100% shares of the Impression X, a leading connected television (“CTV”) advertising technology company. CTV is one of the fastest growing areas of advertising technology. In 2018, it is expected that over 60% of all premium video on demand will be delivered via a connected television reaching an expected 759.3 million connected television sets globally (Digital TV Research).

Jesse Dylan, President and CEO commented, “As we release our first quarter results for 2018 and look back over the previous year, I’m content in the knowledge that we are making strong and steady progress while moving forward. I’m reminded of the quote that rests at the bottom of each email I send: A river cuts through rock, not because of its power, but because of its persistence.” 

Summary of Financial Results and Information

Consolidated Statement of Operations
Three months ended March 31,
2018 2017
Revenue $ 1,322,139 $ 60,870
Cost of Sales $ 873,869 $ 58,899
Gross Profit $ 448,270 $ 1,971
Gross Margin 34% 3.2%
Expenses $ 1,361,860 $ 711,570
Operating Income (Loss) $ (913,590) $ (709,599)
Net Income (Loss) for the first quarter $ (2,948,479) $ (756,195)
Income (Loss) per share –
Basic $ (0.05) $ (0.03)
Diluted $ (0.05) $ (0.03)
March 31, 2018 December 31, 2017
Total Assets $ 12,707,154 $ 9,832,633
Total Liabilities $ 6,702,729 $ 12,094,377
Total Shareholders’ Equity (Deficiency) $ 6,004,425 $ (2,261,744)

 

Full details of the financial reports and operating results for the First Quarter ended March 31st, are described in the Company’s financial statements with accompanying notes and related Management’s Discussion and Analysis. These documents and additional information on Good Life Networks Inc. is available on SEDAR at www.sedar.com.

Conference Call

The company will also host a live conference call on May 28th, 2018, at 1:30 p.m. PST.
To access the conference call by phone, please dial:
Canada/USA: 1-800-319-4610
International Toll: 1-604-638-5340
Germany: 0800-180-1954
UK: 0808-101-2791
Callers should dial in five to 10 minutes prior to the scheduled start time.

The GLN Story

GLN harnesses the power of artificial intelligence to improve marketing return on investments for advertisers using its patent pending video advertising technology. By 2020, MAGNA, the research arm of media buying firm IPG Mediabrands, expects digital ads to make up 50 percent of all ad spending, expected to reach $237 billion this year. GLN recently closed a $9.2 million subscription financing prior to closing its qualifying transaction and trades on the TSX Venture Exchange under the stock symbol “GOOD” and The Frankfurt Stock Exchange under the stock symbol 4G5.

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.

SOURCE Good Life Networks Inc.

View original content: http://www.newswire.ca/en/releases/archive/May2018/28/c6554.html

please contact: [email protected] or call 604 265 7511.Copyright CNW Group 2018

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As pro gaming takes off, so do #Esports careers $GMBL $ATVI $TTWO $GAME $EPY.ca $TCEHF

Posted by AGORACOM-JC at 3:02 PM on Monday, May 28th, 2018
Dean Takahashi@deantak May 28, 2018 7:15 AM

Above: Arnold Hur (left) and Justin Choy of Gen.G.

Not all of us can make a living as professional gamers in the Overwatch League. But Justin Choy’s gig may be the next best thing. He’s the content marketing manager in charge of videos and social media for Gen.G, the esports organization that operates multiple teams — such as the Seoul Dynasty, one of the franchises in Activision Blizzard’s new Overwatch League.

It’s the kind of job that didn’t exist a generation ago, and the 28-year-old Choy is one of the few people who could do something like this, according to his boss, Arnold Hur, chief growth officer at Gen.G, which was formerly known as KSV eSports. As esports grows from $906 million in 2018 to $1.65 billion by 2021 (according to market researcher Newzoo), new kinds of jobs are being born in its ecosystem.

I think of it as the Leisure Economy, where we all will eventually get paid to play games. Besides people like Choy and Hur, the Leisure Economy already includes people like esports athletes, cosplayers, influencers, YouTubers, livestreamers, shoutcasters, and modders. There’s a broader group of accountants, lawyers, and other professionals who work for esports and game companies, and they’re also using their knowledge of games to prosper. The parents of these people probably cursed their obsession with video games, but that obsession has paid off handsomely for those who use it to become celebrities in our attention-based society.

Above: A Seoul Dynasty fan cheers on his team in the Overwatch League

People like Choy are still a rare group. Hur said it hasn’t been easy scouting for people in Los Angeles — the epicenter of esports, or playing games for money — who have the combination of skills that Choy has: online video skills, social media savvy, and a deep interest in games and esports. These weren’t the kinds of skills that Choy could pick up in college.

Rather, he developed the skills based on his own passions. Before he took the job at Gen.G, Choy was an online game fan and music-marketing expert. He is now in charge of managing a team of videographers and editors who shoot video footage of the Seoul Dynasty team. Their job is to capture amazing, cool, or funny gameplay and lifestyle videos of the pro gamers. They edit them down into snippets, share them on social media, and hope that they go viral.

“My job is less about video editing and more ideation on content pieces that will go viral,” said Choy in an interview with GamesBeat. “We try to tell the story of the team.”

For Gen.G, it’s all about generating a new revenue stream. Every week, the Seoul Dynasty plays competitive esports tournaments for the Overwatch League, which draws millions of views every week. Those viewers are mostly millennials who have a lot of disposable income but aren’t easy to find on traditional media channels, such as television.

Above: Justin Choy of Gen.G is 28 and is the content marketing manager for the Seoul Dynasty team.

Image Credit: Dean Takahashi

Nielsen recently compared the esports demographic — about 70 percent male, ages 13 to 40 — to soccer fans, and it said they are “irresistible” to brand advertisers. But they’re hard for advertisers to target, as they only watch about four hours of TV per week. They spend twice as much time playing games.

But esports is still looking for its big revenue stream. Players, team owners, game publishers, investors, venues, and startups alike are looking for revenue from sponsorships, merchandise sales, media rights fees, game-publisher fees, advertising, and ticket sales. And if they can accumulate enough of an audience — one of the goals that Hur and Choy have been hired to make happen — the revenues will likely come.

“With traditional sports, an average fan spends about $50 per year,” Kent Wakeford, cofounder of Gen.G, said during a fireside chat at the GamesBeat Summit in Mill Valley, California, today. “With esports, it’s an average of $5. There’s this big gap, and if you can come in and close it. It’s this 10x opportunity.”

Above: KSV’s Seoul Dynasty Overwatch team.

Image Credit: KSV

The video crew captures film in mini-documentary style so that fans can see what it’s like to be a competitive gamer at the highest level. The five-member starting squad plays every day at a team house, but they consume so much bandwidth that Choy can’t upload videos from the house. They go through roughly a terabyte of data in a week. And yes, they spend a lot of their time uploading and editing. That’s because they have to go through that sea of data and whittle it down to digestible bites.

Choy disperses the video team to their home locations, and they upload video to the cloud so that he can review it. Then, he offers his editing tips for finding the funniest videos and directs the video editors to chop down and edit the videos for publication. Once everything’s done, the team uploads the video to the social media sites, and Choy shares it as widely as possible on YouTube, Twitter, Facebook, Twitch, and Instagram.

The social media sites can magnify the awareness and influence of the team at relatively little cost. SuperData estimated that Twitch had more than 666 million viewers in 2017, more than Netflix or HBO.

The videos feature in-game coverage, lifestyle features on the players, matches, and match previews. The idea is to get fans exposed to the behind-the-scenes views of the players and their personalities.

Above: Seoul Dynasty is a new Overwatch League team.

Image Credit: KSV Esports

“We try not to make it like reality TV, so it is as organic as possible, and the players are comfortable,” Choy said. “The common view is the players tend to be hermits. We need to tap into the personality that the internal staff knows that they have. They are funny and can spark up the room, and you need the right videographer to do that.”

It may seem like a bizarre subculture, but Choy was already part of it. Finding people like that with the talent to bring great attention to the sport is difficult, Hur said.

“There are a lot of people who say they love esports, but the rest of the resume has nothing,” Hur said. “For things like handling Twitch payments, there is almost zero experience in this field. It’s a huge challenge hiring people. We look for people who are good at what they are do and are super passionate. In L.A., there are talented video editors, but do they know what to show the audience? They aren’t teaching people how to do this in school.”

It helps that Hur speaks Korean, and Choy speaks some as well, as all of the star players are Korean on the team. South Korea is known as the birthplace of esports, and it’s the rare place where esports players are known as media superstars. The Overwatch League’s player base is about 40 percent Korean.

The videographers shoot the team in their own team house where they practice. Those videographers have to be in sync with the team on an emotional level, as they don’t want to air videos that make the team members upset and throw them off their game.

If the videos are captured while the players are speaking Korean, then the team has to write subtitles. Multitasking is a valuable skill. The pay could start at $50,000 for good editors, and then, it ramps up from there.

Choy tries to capture what the team is really like, and his gamer background helps with that. He has also applied his music background, getting the players to put out their own playlists for gaming music on Spotify.

Above: Arnold Hur (left) and Justin Choy of Gen.G.

Image Credit: Dean Takahashi

“I understand the struggle where they start out low, grind through it to make it to the pros,” he said. “It’s not all about making a direct return on video investments. I want to make engaging content that the fans can connect with and show a different side of the players that the fans don’t see.”

Choy is part of a team that has about seven full-time and part-time people. There are other jobs coming. Gen.G is building an esports center in Seoul, and it is looking for people like interior designers, and it will likely have to figure out how to shoot videos of its other esports teams as well.

“Every big game or intellectual property will [need] its own social media manager and production team,” Hur said.

Eventually, sponsors will come into the picture, and that adds a layer of complexity to the “authenticity” of the social sharing, as brands don’t always like gamer footage that is too raw.

Overall, Choy and Hur like what they’re doing because they are pushing the edge of social media by embracing technology.

“We know there’s some interesting technology out there to identify highlights in videos,” Hur said. “New industries can be born. You have to be adept at the latest tech platform.”

Choy added, “It’s part of a passion. It doesn’t [feel] like work.”

Source: https://venturebeat.com/2018/05/28/as-pro-gaming-takes-off-so-do-esports-careers/

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#Silicon’s Importance to the #Solar Power and #EV Battery Markets $FSLR $SPWR $CSIQ $NEP

Posted by AGORACOM-JC at 2:36 PM on Monday, May 28th, 2018
  • Silicon is one of the most unknown materials that’s used in everything from solar to pharmaceuticals
  • Also becoming an increasingly crucial component in the electric vehicle (EV) revolution, gaining fame as another prong in the battle against carbon emissions.

Silicon, found abundantly just beneath the planet’s surface, is the second most abundant element in the Earth’s crust.

Traditionally used in the construction of alloys for welding and brazing, its relatively newfound celebrity arrived in the late 20th century with the rise of silicon-based technologies in the Santa Clara Valley, which gave the region its well-known moniker: Silicon Valley.

Transcending microchips, new uses for silicon have transformed it into an essential component in the move towards renewable energy. Unlike typical metals, silicon is an excellent semiconductor which becomes more conductive as its temperature increases, making it critical in harvesting solar energy.

This INNspired Article is brought to you by:

HPQ Silicon (TSXV:HPQ) is a technology and resource company working towards becoming a vertically integrated producer of high-purity, solar-grade silicon metal.Send me an Investor Kit

“Silicon is one of the most unknown materials that’s used in everything from solar to pharmaceuticals,” HPQ Silicon (TSXV:HPQ) CEO Bernard Tourillon told INN. HPQ holds a portfolio of high-grade quartz properties in Quebec, Canada. Working towards becoming a vertically-integrated company across the quartz-to-solar cell value chain, HPQ has also partnered with PyroGenesis Canada (TSXV:PYR) to create a new carbothermic process to transform quartz into solar grade silicon in one step alone.

Silicon is also becoming an increasingly crucial component in the electric vehicle (EV) revolution, gaining fame as another prong in the battle against carbon emissions. The addition of silicon in the battery’s anode allows for the construction of longer-lasting lithium-silicon batteries. Projections from Persistence Market Research see lithium-silicon batteries remaining dominant through 2024 and beyond.

The reign of renewable energy

Solar power is now the most popular new form of electricity generation today. In a 2017 report, the Renewable Energy Policy Network for the 21st Century tallied the amount of energy generated by newly built power sources in 2016. The report found that more electricity was being generated by newly built solar panels than by any other method, surpassing wind, coal, gas and nuclear power for that year.

One reason for solar’s rise may be its cost. Renewable energy like wind and solar are now cost-competitive almost everywhere and are expected to become even cheaper. Whereas hydro power requires dams and other infrastructure, and biofuels require vast amount of crop residue, solar power and wind are virtually unlimited resources. The rise of wind and solar power has been so astronomical that other clean-energy technologies have only a limited chance of challenging their position for the next decade.

In 2018, BP forecasted a 400 percent growth in global renewable energy use by 2040, with solar power predicted to experience significant growth. Besides being cost-effective, solar power also ranks incredibly high in opinion polls. The Pew Research Center found in 2016 that “89 percent of Americans favor more solar panel farms,” while only nine percent oppose them.

Renewable countries and corporations

Helping to pave the way for a renewable energy future are corporations like Facebook (NASDAQ:FB). The globally-reaching company announced its aim to derive a minimum of 50 percent of its energy consumption from clean energy sources by 2018. Microsoft (NASDAQ:MSFT), in conjunction with Dominion Virginia Power, is also working with state officials to create a 20-megawatt solar project in the state.

In international rankings, the undisputed national leader in renewable capacity growth is China. The nation’s work towards counteracting air pollution due to industrial output has led to China accounting for the over 40 percent of global renewable capacity growth. Today, Chinese companies manufacture approximately 60 percent of all solar cells annually while China accounts for half of all solar photovoltaic power demand globally. The United States places second in the global rankings of solar power production, with Japan, India and Germany close behind.

Silicon in the EV revolution

Research by the Okinawan Institute of Science and Technology found silicon to offer “great advantages over carbon graphite for lithium batteries in terms of capacity,” adding that, although six atoms of carbon are needed to bind a single atom of lithium, a single silicon atom can bind four atoms of lithium simultaneously, essentially “multiplying the battery capacity by more than 10-fold.”

The downside to silicon anodes is that they expire more quickly, but companies like Sila Nanotechnologies are building prototypes which combine silicon and graphite to store as much as 20 to 40 percent more power than contemporary lithium-ion batteries, with BMW aiming to incorporate the technology into their designs by 2023.

Australian tech-firm 1414 Degrees announced in 2017 that they had designed a prototype molten silicon storage device which could easily surpass the Tesla 14KWh Powerwall 2 lithium ion battery’s capabilities. According to the company’s chairman, Kevin Moriarty, the prototype could store roughly 36 times as much energy while being roughly the same size as Tesla’s design.

Silicon in the energy metals market

In March 2018, Fortune reported that the transition from lithium-ion batteries to lithium-silicon could someday increase rechargeable battery life by as much as 30 percent, resulting from silicon anodes’ ability to hold more charge than their graphite counterparts.

Thanks to the EV revolution, the lithium, vanadium and cobalt markets are also greatly benefiting from the shift towards zero-emissions energy. The advantage silicon holds over its competitors, however, is its abundance.

Cobalt, one component of lithium-ion batteries, is seeing an uptick in interest in 2018. Prices rose in the first quarter thanks to an increasing demand from the battery sector, alongside more traditional uses of cobalt in superalloys. However, over fifty percent of the metal is sourced from the conflict-stricken DRC where questionable labor practices and a lack of transparency are commonplace. Coupled with increased mining royalties and an insurgency in the east, unease over cobalt supply abound.

The lithium market faces different concerns, namely potential oversupply, as well as the sector’s history of delays in mine ramp ups and processing problems. Addressing investors’ concerns at the 2018 PDAC convention, Alex Laugharne, a principal consultant at CRU Group, said the lithium market is “moving from a deficit into a sort of fairly balanced situation through 2018 to 2019, and that will keep prices relatively well elevated around where they are at moment.”

Vanadium prices rose in 2017, increasing from $25 per kilogram in the first quarter to $27 per kilogram in the second. Used primarily to produce high-strength steel and chemical catalysts, Vanadium is generating excitement based on its potential capabilities within vanadium redox flow batteries.

When compared to metals like lithium in the green-tech space, silicon is growing enormously. Global production of silicon reached 7.2 million metric tons in 2016, of which China produced 4.6 million metric tons. “The silicon market its already a $6 billion per year market and its growing 10 percent year over year, so it’s already six times the size of the lithium market,” said Tourillon.

Takeaway

Silicon’s abundance, combined with its applications in technologies like solar-panels and microchips, makes it one of the preeminent components of innovation in the 21st century. With the ongoing shift towards green energy driving solar farm and rechargeable battery production, the silicon market seems on-track to continue its tremendous growth.

This INNspired article is sponsored by HPQ Silicon (TSXV:HPQ). This article was written according to INN editorial standards to educate investors.

Source: https://investingnews.com/daily/tech-investing/cleantech-investing/silicons-importance-to-the-solar-power-and-ev-battery-markets/

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$AAO.ca Augusta Selling FOX-TEK Canada to Mooncor for Aggregate Purchase Price of up to $21.5 Million $ENB.ca

Posted by AGORACOM at 10:49 AM on Monday, May 28th, 2018

  • Entered into a LOI for sale of FOX-TEK Canada Inc. to Mooncor
  • Aggregate purchase price of up to $21.5-million
  • $9,500,000 of the Purchase Price will be satisfied through the issuance of an aggregate of 47,500,000 post-consolidated common shares in the capital of Mooncor at a price of $0.20 per Consideration Share
    • balance of the Purchase Price, being up to $12,000,000, satisfied through a royalty of 15% on all future sales of FOX-TEK’s products and a 20% royalty on all future sales of FOX-TEK’s services

Augusta Industries Inc. and Mooncor Oil & Gas Corp. have entered into a letter of intent pertaining to the sale of FOX-TEK Canada Inc. by Augusta to Mooncor for an aggregate purchase price of up to $21.5-million.

$9,500,000 of the Purchase Price will be satisfied through the issuance of an aggregate of 47,500,000 post-consolidated common shares (the “Consideration Shares”) in the capital of Mooncor at a price of $0.20 per Consideration Share. The balance of the Purchase Price, being up to $12,000,000, will be satisfied through a royalty of 15% on all future sales of FOX-TEK’s products and a 20% royalty on all future sales of FOX-TEK’s services (collectively, the “Royalty”). The Royalty shall be payable until the earlier of (i) the 10 year anniversary of the closing of the acquisition of FOX-TEK, and (ii) the aggregate payment of $12 million.

Pursuant to the LOI, FOX-TEK and Sensor Technologies Inc. (“Sensor”), a wholly owned subsidiary of Mooncor, will enter into an amalgamation agreement (the “Agreement”) whereby FOX-TEK will amalgamate with Sensor to form a new company (“AmalCo”). Both Augusta and Mooncor will receive shares in AmalCo as a result of the amalgamation. Augusta will transfer its securities in the capital of AmalCo to Mooncor in exchange for the Consideration Shares. As a result of the amalgamation, and the issuance of the Consideration Shares, FOX-TEK will be a wholly owned subsidiary of Mooncor. It is the intention of Augusta to distribute a portion of the Consideration Shares to its shareholders at a later date.

“I am pleased that Augusta has settled on the final form of the transaction,” said Allen Lone, Chief Executive Officer of Augusta. “The letter of intent with Mooncor will result in FOX-TEK becoming a wholly owned subsidiary of Mooncor, a publicly traded company whose securities are listed for trading through the facilities of the TSX Venture Exchange. This will give Augusta’s shareholders an interest in two separate standalone companies while allowing it to focus on its blockchain technology, which has the potential to unlock substantial new opportunities capable of impacting the business of Marcon.”

“Mooncor is excited about the prospect of acquiring FOX-TEK and its products and technology,” said Alan Myers, Chief Financial Officer of Mooncor. “The acquisition of FOX-TEK gives Mooncor a suite of leading edge technology and products in the oil and gas industry which will supplement Mooncor’s current business while adding a new revenue stream.”

The Acquisition

Shareholders of Augusta will be asked to approve the Acquisition at the special meeting of shareholders scheduled for July 12, 2018. The proposal to be presented to shareholders would result in the sale of FOX-TEK to Mooncor.

Mooncor will be calling a special meeting of its shareholders to approve, among other things, the Agreement and the consolidation of its issued and outstanding common shares on a the basis of up to twenty (20) common shares for each existing common share. It is anticipated that Mooncor will file an application with the TSX Venture Exchange to approve the issuance of the Consideration Shares to Augusta pursuant to the Agreement.

No finder’s fee is payable with respect to this transaction.

Related Party Transaction

The transaction between Augusta and Mooncor is a non arm’s length transaction as Allen Lone is a director and officer of both Augusta and Mooncor. Mr. Lone owns, directly and indirectly, 6,920,000 common shares (4.13%) in the capital of Mooncor and 76,754,264 common shares (29.97%) in the capital of Augusta. As such it is a related party transaction subject to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Pursuant to MI 61-101, Augusta and Mooncor may be required to obtain disinterested shareholder approval and a valuation of FOX-TEK.

Augusta and Mooncor will be providing shareholders with additional updates.

About Augusta

Through its wholly owned subsidiaries, Marcon International Inc. (“Marcon”), FOX-TEK and Paragon Blockchain Inc. (“Paragon”), Augusta 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 (Electrical, mechanical and Instrumentation.) In addition to departments and agencies of the U.S. Government, Marcon’s major clients include Saudi Arabia-Sabic Services (Refining and Petrochemical), Bahrain National Gas Co, Bahrain Petroleum, Qatar Petroleum, Qatar Gas, Qatar Petrochemical, Gulf of Suez Petroleum, Agiba Petroleum and Burullus Gas Co.

Fox Tek develops non-intrusive asset health monitoring sensor systems for the oil and gas market to help operators track the thinning of pipelines and refinery vessels due to corrosion/erosion, strain due to bending/buckling and process pressure and temperature. The Corporation’s FT fiber optic sensor and corrosion monitoring systems allow cost-effective, 24/7 remote monitoring capabilities to improve scheduled maintenance operations, avoid unnecessary shutdowns, and prevent accidents and leaks.

Blockchain technology has the potential to unlock substantial new opportunities capable of impacting the business of Marcon. Specifically, Marcon seeks to create an eco-system 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. Blockchain technology is of critical importance to FOX-TEK as well particularly the expansion of its’ non-intrusive technology in the oil & gas industry, whose clients include many of the biggest companies in the world.

 

 

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betterU $BTRU.ca Completes $1.25 Million Equity Investment From Hindustan Times $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 10:17 AM on Monday, May 28th, 2018

Betteru large

  • Completed a $1,250,000 equity investment by HT Overseas Pte. Ltd., a wholly owned subsidiary of HT Media Limited,  for the purchase of 1,623,376 common shares of the Corporation at $0.77 per share
  • As previously announced on December 21, 2017,
    • HT’s $10 million investment is provided to betterU in eight (8) tranches over two years, this being the 2nd tranche to be used exclusively to support betterU’s mass marketing efforts, visibility and learner attainment across India

OTTAWA, May 28, 2018 — betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation” or “betterU”), is pleased to announce it has completed a $1,250,000 equity investment by HT Overseas Pte. Ltd., a wholly owned subsidiary of HT Media Limited, (“HT”) for the purchase of 1,623,376 common shares of the Corporation at $0.77 per share (the “Private Placement”). As previously announced on December 21, 2017, HT’s $10 million investment is provided to betterU in eight (8) tranches over two years, this being the 2nd tranche to be used exclusively to support betterU’s mass marketing efforts, visibility and learner attainment across India.

First betterU campaign to run with Hindustan Times

betterU has seen a significant spike in the visitors to www.betterU.in platform from several thousand to several hundred thousand first generated from the print campaigns launched back late February 2018 during the Prime Minister of Canada’s visit to India. betterU has continued to run campaigns driving awareness for their KG-12 programs, Skills Development programs and betterU brand development initiatives.

Visibility and consistency in messaging and exposure is critical for the development of betterU’s brand. Leveraging Hindustan Times’ investment, betterU will continue to drive market awareness to the breadth and depth of the educational and employment services it has available on its platform. “It is exciting to see our campaigns coming together and over the weeks and months to come, betterU will also be launching targeted campaigns focused on market conversion.” said Angela Lariviere, Chief Marketing Officer at betterU.

About HT and HT Group

HT Group has built a Pan India reach via its various print, radio and digital properties. The combined reach is an astonishing ~10% of Indian population. In print alone, HT Group’s Hindustan Times (English medium); Hindustan (Hindi medium), Mint (English Business daily) give a combined readership of over 29.9 million. This readership is multiplied significantly through HT’s radio channels (104 Fever and 107.2 Nasha) which have dedicated audience of over 21.7 million in Delhi, Kolkata, UP, Bangalore, Chennai, Hyderabad and the Indo Gangetic belt. This is further complemented by HT’s digital presence including hindustantimes.com; livehindustan.com; livehindustan.com; desimartini.com and shine.com.

Geographically, HT Group has the following reach:

  • In West, HT is able to reach 7 million population in Mumbai through their highly recognised Brands in Print(HT/Mint), Radio(Fever/Nasha) & Digital.
  • In North, HT Group’s mediums directly touch “8 out-of every 10” population in Delhi NCR.  Print readership of around 4.3 million complemented by leading radio channels such as 104 Fever and 107.2 (giving an additional audience of 8.1 million) makes HT Group a clear leader in the Delhi NCR region.

Hindustan Times is an Indian English-language daily newspaper founded in 1924 and the flagship publication of HT Media. Hindustan Times is one of the largest newspapers in India, by circulation. According to the Audit Bureau of Circulations and it has a circulation of 1.16 million copies as of November 2015. HT is one of the top most widely read English newspaper in India. It is popular in North India, with simultaneous editions from New Delhi, Mumbai, Kolkata, Lucknow, Patna, Ranchi and Chandigarh.

About betterU

betterU, a global education marketplace, aims to provide access to quality education from around the world to foster growth and opportunity to those who want to better their lives. The company’s vision is to help foster the equalization of education for all by bridging the prevailing gap in the education and job industry and enhance the lives of its learners by developing an integrated education-to-employment ecosystem. betterU’s offerings can be categorized into several broad functions: to compliment school programs with flexible KG-12 programs preparing children for next stage of education, to provide access to global educational opportunities from leading educators, to foster an exceptional educational environment by providing befitting skills that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training them and lastly, to connect the end user to various job opportunities.

www.betterU.ca and www.betterU.in

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements in this release are forward-looking statements, which include completion of the proposed Investment, the anticipated use of the proceeds of the Investment, the development and expansion of betterU’s operations, and other matters. There can be no assurance that the Investment will be completed as proposed or at all. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the development of competitive technologies, the marketplace acceptance of betterU’s products, and other factors, many of which are beyond the control of betterU. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, betterU disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, betterU undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. Further information on betterU’s public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.

For further information, please visit  https://ir.betteru.ca/investor-overview/press-releases/

better Education Corp.
Brad Loiselle, CEO
On behalf of the Board of Directors

For further information:
Investor Relations
1-613-695-4100 Ext. 233
Email: [email protected]

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/5151ff33-c5e5-4377-b614-522b07d3ac09

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Namaste $N.ca $NXTTF signs exclusive distribution agreement with #Shatterizer and announces pod-based #vaporizer collaboration for the Canadian recreational cannabis $ACB.ca $HIP.ca $WEED.ca $CMED.ca

Posted by AGORACOM-JC at 8:59 AM on Monday, May 28th, 2018

  • Signed an exclusive international distribution agreement with Shatterizer Inc.
  • Namaste will retain exclusive rights to sell Shatterizer’s innovative line of cannabis concentrate vaporizers in international markets
  • Company, through its wholly-owned subsidiary Infinite Labz Inc. (“Infinite Labz”), will produce cannabis oil and provide filling and distribution for Shatterizer’s upcoming pod-based concentrate vaporizer system

VANCOUVER, May 28, 2018 – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N)(FRANKFURT: M5BQ)(OTCMKTS: NXTTF) is pleased to announce that the Company has signed an exclusive international distribution agreement (the “Agreement”) with Shatterizer Inc. (“Shatterizer” or “Shatterizer.com”), whereby Namaste will retain exclusive rights to sell Shatterizer’s innovative line of cannabis concentrate vaporizers in international markets. Namaste is also pleased to announce that the Company will be working with Shatterizer to launch a pod-based vaporizer system for the Canadian recreational market. The Company, through its wholly-owned subsidiary Infinite Labz Inc. (“Infinite Labz”), will produce cannabis oil and provide filling and distribution for Shatterizer’s upcoming pod-based concentrate vaporizer system. Namaste is focused on leveraging its expertise in vaporizer technology within Canada, in an attempt to capitalize on what it anticipates being a significant market for concentrate pens and pre-filled cartridges in both the recreational and medical cannabis markets.

The Shatterizer vaporizer is designed for use with cannabis concentrates and extracts. The demand for high-potency cannabis concentrates has grown exponentially in the US and both Namaste and Shatterizer recognize the opportunity in the Canadian recreational and medical markets. The Shatterizer is engineered to produce a remarkably smooth draw, releasing the fullest flavor through the globe-shaped aluminum atomizer and mouthpiece so that users can enjoy the full-flavored taste of their concentrates. Since its trial launch on Namaste’s Canadian sites, the Shatterizer has received a 4.9/5 star consumer review score and has proven itself to be very popular with Namaste’s customers.

Terms of the Agreement:

  • Namaste will retain exclusive rights to sell Shatterizer products in international markets.
  • Namaste will offer Shatterizer products across its entire platform and stock inventory in its international warehouses.
  • Namaste will adhere to all minimum advertised prices (MAP) set forth by Shatterizer.
  • Shatterizer will provide Namaste’s customer service and sales team with training information and support.
  • Shatterizer will provide warranty support for Namaste’s customers in domestic and international markets.

Namaste anticipates an accelerated demand for cannabis oils and pre-filled cartridges and intends to use its hardware expertise to produce specifically formulated cannabis oil for pod-based vaporizer systems through Infinite Labz. Pre-filled cartridges and pods provide a very simple, discrete and effective means for consuming cannabis oils and extracts. Being the largest international online retailer of vaporizers, Namaste has the unique opportunity to capture early market share of this very significant component of the cannabis industry in the Canadian market. The Company will focus on production of high-quality cannabis oils with healthy margin to be sold through both recreational and medical sales channels. Namaste’s expertise with cannabis hardware and devices will provide a competitive edge in securing its position in this segment of the market.

Management Commentary

Matthew Zysman, President and CEO of Shatterizer comments; “We are thrilled to announce this international distribution deal with Namaste. We are pleased to see how successful we’ve been on their platform and are excited to see this relationship grow.

We at Shatterizer are firm believers that the future of the cannabis industry is in extracts and have built our business around this belief. Shatterizer has quickly become a popular brand amongst cannabis extract enthusiasts, and we are working hard daily to continually surpass our customer’s expectations. This is why we are also thrilled to announce that will be working with Namaste on our new pod-based cannabis vaporizer system in the Canadian market. We are excited to expand our relationship with Namaste, who has shown such great leadership in the cannabis industry and feel that they are the right partners to help us take the Shatterizer brand to the next level.”

Sean Dollinger, President and CEO of Namaste comments; “We are very pleased to have entered into this distribution agreement with Shatterizer. We have been big supporters of the Shatterizer brand and are excited to collaborate on these initiatives. We believe that the company’s management team have a keen sense for market demand and we are aligned in terms of our outlook for the cannabis concentrate market. Our goal with Infinite Labz is to not only produce cannabis extracts but to also provide filling and distribution for pod-based vaporizer systems in which we anticipate seeing an increasing demand for the recreational cannabis market. We look forward to working with Shatterizer as they anticipate launching a new pod-based vaporizer platform in the near future. Namaste will continue to focus on securing similar strategic partnerships with innovative companies to service both recreational and medical cannabis markets.”

About Shatterizer

Shatterizer is focused on satisfying the cannabis concentrates and extracts specific community and growing with it. Customer dedication and continual innovation is the top priority. The company has developed an interchangeable portable vaporizer model, a borosilicate glass Shatterizer version and an aluminum version, increasing the overall product lifestylish-ness. The Shatterizer has come about as a result of personal experiences and the belief in a revolution in what we consume and how we consume it.

About Namaste Technologies Inc.

Namaste Technologies is a global leader in the sale of medical cannabis consumption devices. Namaste has nine offices with multiple distribution centers around the globe and operates over 30 websites under various brands. Namaste has developed innovative technology platforms including NamasteMD.com, Canada’s first ACMPR compliant telemedicine application. The company is focused on patient acquisition through NamasteMD and intends on building Canada’s largest database of medical cannabis patients. The company’s subsidiary, CannMart Inc. is an ACMPR Licensed Producer with a “sales-only” license, whereby the company will offer a large variety of medical cannabis sourced from domestic and international producers. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.

On behalf of the Board of Directors

“Sean Dollinger”

Chief Executive Officer

Direct: +1 (786) 389 9771

Email: [email protected]

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

NamasteTechnologies.com

NamasteMD.com

NamasteVapes.ca

Everyonedoesit.ca

FORWARD-LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved the contents of this press release.

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INTERVIEW: Canada’s Elon Musk Discusses Successful Demonstration of Drosrite™ System / Commercial Agreement for Sale of Titanium Powders $PYR.ca

Posted by AGORACOM-JC at 10:42 AM on Friday, May 25th, 2018

When we call Peter Pascali, CEO of PyroGenesis, the Elon Musk of Canada, we’re not joking.  Peter and his team have developed commercially successful, super high-tech products that are being purchased and evaluated by the world’s biggest customers.  Specifically:

  • Thier plasma arc waste destruction system has been installed on 2 (TWO) US Aircraft Carriers, with more orders expected in 2018
  • Their plasma arc chemical warfare agents destruction system was successfully tested by DARPA in destroying simulated chemical warfare agents
  • Multiple NDA’s have been signed with global aircraft engine manufacturers for their 3D printing powders (AKA additive manufacturing)
  • The Company just announced an exclusive agreement in Asia for the minimum sale of 10,000kg of Titanium Powders for additive manufacturing
  • The Company just announced successful testing of their Drosrite System (waste metal recovery) in India and received a paid demonstration order from a second Indian company, with the potential of 16 systems for both companies.
  • The Drosrite demonstration unit is in such high demand overseas that a second one is now being built for North America.
  • The company is in advanced stage development of a solar grade silicon metal that will potentially transform the solar industry by reducing operating costs, capex costs and carbon emisssions by more than 90%.

If you’re keeping score, that is Elon Musk style commercial success in the following areas:

  1. Plasma arc waste destruction for the US military
  2. Plasma arc chemical weapons destruction for the US military
  3. 3D powder for global manufacturers
  4. Drosrite waste metal recovery for global manufacturers
  5. Solar grade silicon metal

Might be more accurate to say that Elon Musk is the American Peter Pascali.

Grab a coffee or your favourite beverage and watch this interview.  This is unmitigated greatness taking shape right in front of us.

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Esports Entertainment Group $GMBL To Present Major Achievements And Growth Plan At 8th Annual LD Micro Invitational Conference On June 5, 2018 $ATVI $TTWO $GAME $EPY.ca $TCEHF

Posted by AGORACOM-JC at 8:36 AM on Friday, May 25th, 2018

Esports large

  • Invited to present at the 8th Annual LD Micro Invitational Conference on June 5 at 11:30 AM PDT in Los Angeles
  • LD Micro Invitational Conference is attended by more than 1,000 investors and features 230 companies in the small-cap / micro-cap space

ST. MARY’S, Antigua, May 25, 2018 – Esports Entertainment Group, Inc. (OTCQB:GMBL) (or the “Company”), a licensed online gambling company with a specific focus on esports wagering and 18+ gaming, has been invited to present at the 8th Annual LD Micro Invitational Conference on June 5 at 11:30 AM PDT in Los Angeles.  The LD Micro Invitational Conference is attended by more than 1,000 investors and features 230 companies in the small-cap / micro-cap space.

COMPANY TO PRESENT MAJOR ESPORTS ACHIEVEMENTS

Esports Entertainment Group CEO, Grant Johnson, will be presenting the company’s major achievements over the last 12 months, including the following highlights:

  • Successful launch of http://VIE.gg the Company’s esports betting exchange
  • The signing of affiliate marketing agreements with 50 esports teams
  • The signing of affiliate marketing agreements with 60 esports streamers
  • Anticipated growth of affiliate marketing program throughout 2018
  • The Company’s growth plans into online tournaments and real world esports coliseum
  • Recent $600,000 financing commitment and further warrant financing commitments
  • Impact of the Supreme Court decision legalizing sports gambling on esports betting

Mr. Johnson will also be hosting one-on-one meetings at the conference. Any investors wishing to meet with him at the event should contact their representative at LD Micro or GMBL investor relations at [email protected]

“I am looking forward to presenting Esports Entertainment Group’s vision for gambling and the fast growing esports industry to investors for the first time at the LD Micro Invitational Conference. Immediately following the conference, we will be continuing our meetings with funds, brokers and investors in New York on June 7 and 8, then ending with further meetings in Toronto. This should be an exciting three weeks as we have already received high level expressions of interest for investments in our Company.”

This press release is available on our Online Investor Relations Community for shareholders and potential shareholders to ask questions, receive answers and collaborate with management in a fully moderated forum at https://agoracom.com/ir/EsportsEntertainmentGroup

Redchip investor relations Esports Entertainment Group Investor Page:
http://www.gmblinfo.com

About Esports Entertainment Group

Esports Entertainment Group Inc. is a licensed online gambling company with a specific focus on esports wagering and 18+ gaming. Esports Entertainment offers bet exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience, currently excluding the US and EU. In addition, Esports Entertainment intends to offer users from around the world the ability to participate in multi-player mobile and PC video game tournaments for cash prizes. Esports Entertainment is led by a team of industry professionals and technical experts from the online gambling and the video game industries, and esports. The Company holds licenses to conduct online gambling and 18+ gaming on a global basis, currently excluding the US and EU, in Curacao, Kingdom of the Netherlands and the Kahnawake Gaming Commission in Canada. The Company maintains offices in Antigua, Curacao and Warsaw, Poland. Esports Entertainment common stock is listed on the OTCQB under the symbol GMBL.  For more information visit www.esportsentertainmentgroup.com

FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

Contact:

Corporate Finance
1-268-562-9111
[email protected]

Media & Investor Relations Inquiries
AGORACOM
[email protected]
http://agoracom.com/ir/eSportsEntertainmentGroup

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Monarques Gold $MQR.ca Announces its Third Quarter Results with Revenues of $9.8 million $MUX.ca $SII.ca

Posted by AGORACOM-JC at 8:25 AM on Friday, May 25th, 2018

Monarquesgold hub large

  • Revenues of $9.8 million, a 4.6% decrease compared to the second quarter due to a planned shutdown for maintenance work at Camflo and the breakdown of equipment at Beaufor
  • Normal production resumed in April 2018
  • 17% increase in revenue from custom milling activities
  • Monarques initiated several promising projects during the quarter

/PRNewswire/ – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX.V:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to report its results for the third quarter ended March 31, 2018. Amounts are in Canadian dollars unless otherwise indicated.

Highlights

Beaufor Mine

  • Production of 4,932 ounces in the third quarter, down 9% from 5,444 ounces the previous quarter due mainly to a planned shutdown for maintenance at the Camflo mill and to the breakdown of ore haulage equipment at the Beaufor Mine. The equipment was repaired and production resumed at the same pace as in the previous quarter.
  • A new ore haulage truck will be added on the Zone Q ramp towards the end of June. A Caterpillar AD-30 truck (see truck photo) will be lowered underground and reassembled at the Zone Q garage to increase haulage capacity in this area of the mine. This addition will strengthen Monarques’ truck fleet and avoid situations like the one that occurred in the quarter ended March 31.
  • Average selling price of $1,624 (US $1,284) per ounce sold ($1,602 or US $1,263 since the acquisition on October 2, 2017).
  • Production cash cost of $1,642 (US $1,298) per ounce sold ($1,490 or US $1,175 since the acquisition on October 2, 2017).
  • All-in sustaining cost of $1,782 (US $1,409) per ounce sold ($1,616 or US $1,274 since the acquisition on October 2, 2017) for Beaufor/Camflo.

Financial results

  • Revenues of $9.8 million in the third quarter from the sale of 4,823 ounces of gold combined with revenue from custom milling, which was up 17% for the quarter.
  • Net loss of $2.2 million or $0.010 per share, diluted, compared to a net loss of $0.7 million or $0.005 per share, diluted, last year.
  • Strong financial position, with cash of $18.1 million.

“Although our results for the quarter were below our expectations, they are the result of temporary issues that have been solved since,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Our production activities have been back to normal since April, and we foresee continued growth in our custom milling operations.”

“Furthermore, we are continuing to make progress on our other advanced projects, including Wasamac, Croinor Gold, McKenzie Break and Swanson, which are undergoing exploration work and technical studies, and for which we should have news in the coming weeks. We also expect to restart the Beacon plant at the end of 2018, which will enable us to increase our total production capacity to 2,350 tonnes per day. We are committed to continued growth in the production, resources and profitability ends of our business, and look forward to sharing the progress of our initiatives with our shareholders,” Mr. Lacoste added.

Summary of financial results

(in dollars, except per share data) Quarter ended

March 31

 Nine months ended

March 31
2018 2017 2018 2017
Revenues 9,820,111 – 20,118,035 –
Gross margin (186,549) – 1,269,938 –
Net loss (2,162,588) (696,081) (1,994,751) (1,709,904)
Loss per share, basic and diluted (0.010) (0.005) (0.010) (0.013)
Cash flows used in operating activities (3,366,968) (622,739) (1,772,217) (1,602,903)
EBITDA(1) (1,552,407) (583,581) (1,414,822) (1,375,889)
(1)      Non-IFRS measure. See under “Non-IFRS measures” at the end of this press release, and in the Corporation’s financial statements and management discussion and analysis for the reconciliation of this non-IFRS measure.
 (in dollars) March 31

2018

 June 30

2017
Cash and cash equivalents 18,092,189 7,356,155
Total assets 74,532,735 26,657,724

 

Key operating statistics

Quarter ended

March 31

 Nine months ended

March 31
2018 2017 2018 2017
Ounces of gold sold 4,823 – 10,267 –
Ounces of gold produced 4,932 – 10,376 –
Grade 4.72 – 4.81 –
Recovery 98.91 – 98.78 –
Key data per ounce of gold (CA $)
Average market price 1,680 – 1,641 –
Average selling price(1) 1,624 – 1,602 –
Production cash cost(2) 1,642 – 1,490 –
All-in sustaining cost 1,782 – 1,616 –
Average exchange rate (CA $/US $) 1.2648 – 1.2682 –
Key data per ounce of gold (US $)
Average market price 1,329 – 1,294 –
Average selling price(1) 1,284 – 1,263 –
Production cash cost(2) 1,298 – 1,175 –
All-in sustaining cost 1,409 – 1,274 –
(1)          The average selling prices for the three and nine month periods of 2018 should be $41 and $32 higher, respectively, if gold deliveries (861 ounces for the quarter and 1,722 ounces for the nine-month period) to Auramet in connection with deferred revenues over the periods had been recognized at the market price on the date the agreement was entered into on October 2, 2017, instead of at the recorded price, representing the amounts received from future gold production divided by the ounces to be delivered.
(2)     Production cash cost is a non-IFRS measure of financial performance without a standard meaning under IFRS. It may therefore not be comparable to a similar measure presented by another company. See “Non-IFRS measures” in the Corporation’s management discussion and analysis for the three month period ended March 31, 2018.

 

Corporate highlights

  • On February 8, 2018, Monarques announced a positive updated prefeasibility study for the Croinor Gold deposit (see press release).
  • On February 13, 2018, the Corporation announced that it was undertaking an NI 43-101 gold resource estimate for its McKenzie Break and Swanson properties. The Corporation has retained the services of Géologica of Val-d’Or for the McKenzie Break property and InnovExplo Inc. for the Swanson property (see press release).
  • On February 22, 2018, the Corporation announced that it will drill a total of 50,000 metres in 2018 at the Beaufor Mine and on the Croinor Gold property (see press release).
  • On March 12, 2018, the Corporation announced that it has closed a non-brokered private placement of units with the Government of Québec, through the Capital Mines Hydrocarbures fund managed by Ressources Québec, pursuant to which the Corporation had issued 12,820,513 units priced at $0.39 per unit for total gross proceeds of $5,000,000 (see press release).
  • On March 27, 2018, the Corporation reported new results that marked the end of its 2017 drilling program at the Beaufor Mine. The results were from a total of 7,157 metres of drilling in 52 holes, including 5 exploration holes (2,651 metres) and 47 definition drill holes (4,506 metres). The holes were drilled in multiple areas of the mine, including zones Q, QH2 and 32 and the 350H, 1700 and Granodiorite East projects (see press release).
  • On March 28, 2018, the Corporation announced that it had filed an NI 43-101-compliant technical report for its Croinor project on SEDAR (see press release).
  • On April 5, 2018, the Corporation announced that it had retained BBA to conduct a conceptual study for the transportation of gold-bearing material from the Wasamac deposit to an existing processing plant with an authorized tailings management facility in the region for custom milling (see press release).
  • On May 17, 2018, the Corporation announced that it had decided to start up its Beacon mill in Val-d’Or, located on Route 117, within 500 metres of the railway line and less than 10 km from the Beaufor Mine. The Corporation has allocated a budget of $1.5 million to upgrade the facility, and expects to commission the 750 tonne-per-day plant in the last quarter of 2018 (see press release).

Projects under way

  • Monarques’ goal for the coming quarters is still to increase the profitability of the Beaufor Mine, mainly by reducing production costs and improving grade through the use of a more selective mining method. The production cost cuts will also be achieved through higher productivity at the Camflo plant with the increase in custom milling activities.
  • The Corporation has also decided to restart the Beacon mill, as it foresees growing demand for custom milling services. It expects to be able to commission its 750 tonne-per-day plant in the last quarter of 2018.
  • Monarques is pursuing its programs of 30,000 metres of drilling on the Beaufor Mine and 20,000 metres of drilling on the Croinor Gold deposit, and will release the first set of results as soon as they become available.
  • The Corporation also started 43-101 resource estimates for its McKenzie Break and Swanson gold projects, with the results expected in June.
  • Finally, the Company is considering several options for the development of the Wasamac gold deposit, including custom milling and use of the rail network (less than 500 metres from the Wasamac site).

The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, P.Eng., the Corporation’s qualified person under National Instrument 43‑101.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corporation (TSX.V:MQR) is an emerging gold producer focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Beaufor Mine, the Croinor Gold (see video), Wasamac, McKenzie Break and Swanson advanced projects, and the Camflo and Beacon mills, as well as six promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill. Monarques enjoys a strong financial position and has more than 150 skilled employees who oversee its operating, development and exploration activities.

Non-IFRS measures

Throughout this document, the Corporation has provided measures prepared in accordance with IFRS, as well as certain non-IFRS financial performance measures. Since non-IFRS performance measures do not have a standard meaning prescribed by IFRS, they may not be comparable to similar measures presented by other companies. The Corporation provides these non-IFRS financial performance measures because some investors may use them to measure our financial performance. As a result, they are intended to provide additional information, and should not be considered in isolation or as a replacement for performance measures prepared in accordance with IFRS. These non-IFRS measures of financial performance have been reconciled with the IFRS measures presented in the management discussion and analysis (see “Selected Quarterly Financial Information” for a description and reconciliation of these non-IFRS measures).

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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