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St-Georges’ $SX.ca $SXOOF subsidiary, #ZeU Crypto Networks, Appoints Chief Architect $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 2:24 PM on Thursday, May 24th, 2018

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  • Subsidiary ZeU Crypto Networks Inc. has appointed Oliver Qian as Chief Architect
  • While serving as Chief Architect at ZTE Corporation since 2011, Mr. Qian led the 3,000-person CTO development department that was responsible for Cloud Computing, Data Platform and Mobile Internet platform projects
  • Blockchain is now in use in ZTE’s supply chain financial services, as well as, Nanjing City for government certificate verification and exchange

Montreal, Quebec / May 24, 2018 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that its subsidiary ZeU Crypto Networks Inc. has appointed Oliver Qian as Chief Architect. While serving as Chief Architect at ZTE Corporation since 2011, Mr. Qian led the 3,000-person CTO development department that was responsible for Cloud Computing, Data Platform and Mobile Internet platform projects. During his tenure at ZTE he led the blockchain development team that implemented multi-chain smart contracts enabling two end users to use each other’s data without acquiring the data. The blockchain is now in use in ZTE’s supply chain financial services, as well as, Nanjing City for government certificate verification and exchange.

Prior to his tenure at ZTE, Mr. Qian served as a Director of Alibaba.com where he led a 200-person development team that was responsible for Alibaba’s technology platform. His key developments include the first generation of Alibaba’s distributed database middleware and a distributed micro service framework called Dubbo that was one of the most successful open source micro service frameworks in China.

Frank Dumas, President & Interim CEO of ZeU Crypto Networks stated “The appointment of Mr. Qian is a major first milestone for ZeU and serves as high level validation of both the quality of our blockchain technology and its capabilities. We look forward to watching him lead our current team of great developers towards building world class products.”

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

 

FRANK DUMAS, PRESIDENT & CEO

Medias & Regulators Only 514.295.9878

About St-Georges

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

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

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

The release contains forwarding looking information and statements as defined by law including, without limitation, Canadian securities laws and the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995 (“forward-looking statements”), respecting St-Georges’ plans to spin-out its subsidiary ZeU. which is intended to be listed on the Canadian Securities Exchange. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by the forward-looking statements including that the spin-out may not be completed as planned or at all due to failure to obtain shareholder or regulatory approval ,the inability to complete the Acquisition, raise sufficient capital to adequately fund ZeU or a decision of the board of St-Georges not to proceed, which decision can be made at any time prior to closing. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and a number of assumptions that may prove to be incorrect, including, without limitation, assumptions about general business and economic conditions, the timing and receipt of required approval and continued availability of capital and financing. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein. The foregoing list is not exhaustive and St-Georges undertakes no obligation to update any of the foregoing except as required by law.

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Posted in All Recent Posts, Bitcoin, Blockchain stocks, Canadian Blockchain Stocks, St Georges Eco-Mining Technologies | Comments Off on St-Georges’ $SX.ca $SXOOF subsidiary, #ZeU Crypto Networks, Appoints Chief Architect $HIVE.ca $BLOC.ca $CODE.ca

PyroGenesis $PYR.ca Announces Successful Demonstration of Drosrite™ System in India; Expansion into Zinc Recovery; Significantly Increasing Target Market

Posted by AGORACOM-JC at 9:42 AM on Thursday, May 24th, 2018

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  • Announced today that it has successfully demonstrated its Drosrite™ System in India
  • Separately received an order for a paid demonstration to recover zinc from dross from another client in the region
    • one of the biggest primary smelters of aluminum and zinc in the region,
    • has an estimated need of upwards of ten (10) Systems (both zinc and aluminum) within its umbrella of companies

MONTREAL, May 24, 2018 – PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V:PYR), a TSX Venture 50® high-tech company, (the “Company”, the “Corporation” or “PyroGenesis”) a Company that designs, develops and manufactures plasma waste-to-energy systems and plasma torch systems, is pleased to announce today that it has successfully demonstrated its Drosrite™ System (the “System”) in India to a client (“Client A”), and has separately received an order for a paid demonstration to recover zinc from dross from another client in the region (“Client B”).  Client B, one of the biggest primary smelters of aluminum and zinc in the region, has an estimated need of upwards of ten (10) Systems (both zinc and aluminum) within its umbrella of companies.

As previously announced, PyroGenesis’ demonstration unit is currently booked until the end of September 2018 with paid-for-demonstrations in India.  As a result of the strong demand for such demonstrations elsewhere, PyroGenesis is in the process of completing a second demonstration unit to be deployed in North America.  It is expected that this second unit will start taking bookings at the end of this summer.  To date, PyroGenesis has announced the sale of two (2) Systems, both of which were preceded by successful paid-for-demonstrations.

“Both these announcements today are important,” said P. Peter Pascali, President and CEO of PyroGenesis. “First, the successful demonstration with Client A has led, not only to discussions regarding procurement of a System for the facility, but also to scheduling of further paid-for-demonstrations at other facilities for Client A.  We estimate that there is an immediate need for at least another six (6) Systems with this client.  Separately, and most importantly, is the significance of having entered into a paid-for-demonstration with Client B to recover zinc from a zinc-based dross. This demonstration is expected to take place during this summer and, if successful, should translate into an immediate order.  Although too early to tell, we expect that the economics and business case for the zinc recovery Systems may rival those of the previous aluminum recovery Systems.”

“This announcement with respect to zinc recovery is indeed an important development,” said David D’Aoust, Sales Manager, Drosrite™ of PyroGenesis. “As a result, PyroGenesis has effectively taken the first step into the zinc recovery market with its patented Drosrite™ System, and which we estimate to represent almost as great an opportunity as that for aluminum.”

“As previously announced, Drosrite™ is well on its way to becoming a solid contributor to PyroGenesis’ bottom line and today’s announcements further underscores that fact,” said P. Peter Pascali, President and CEO of PyroGenesis. “To put things in perspective, one only needs to remember where we were this time last year with respect to this business line, and then fast forward to today.  Once again, PyroGenesis’ Board’s decision to target high value niche problems in various industries is bearing fruit.”

PyroGenesis’ Drosrite™ System is a salt-free, cost-effective, sustainable process for maximizing metal recovery from dross, a waste generated in the metallurgical industry. PyroGenesis’ patented process avoids costly loss of metal while reducing a smelter’s carbon footprint and energy consumption, providing an impressive return on investment. The System has been designed to process and recover valuable metal such as aluminum, zinc and copper from dross.

About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a TSX Venture 50® high-tech company, is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Our core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Our operations are ISO 9001:2008 certified, and have been since 1997. PyroGenesis is a publicly-traded Canadian Corporation on the TSX Venture Exchange (Ticker Symbol:PYR) and on the OTCQB Marketplace. For more information, please visit www.pyrogenesis.com

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward- looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Corporation’s current expectation and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Corporation with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Corporation’s ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward- looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

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

SOURCE PyroGenesis Canada Inc.

For further information please contact: Rodayna Kafal, VP, Investor Relations and Strategic Business Development, Phone: (514) 937-0002, E-mail: [email protected]

RELATED LINKS: http://www.pyrogenesis.com/

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Posted in All Recent Posts, PyroGenesis Canada Inc. | Comments Off on PyroGenesis $PYR.ca Announces Successful Demonstration of Drosrite™ System in India; Expansion into Zinc Recovery; Significantly Increasing Target Market

INTERVIEW: Good Life Networks $GLN.ca Discusses Acquisition of Leading Connected Television Advertising Company Impression X

Posted by AGORACOM-JC at 1:05 PM on Wednesday, May 23rd, 2018

This is our second interview with CEO Jesse Dylan in less than a month … and that can only mean one thing… good news is rolling out of GOOD:TSXV.

After setting records with their annual financials for revenue ($9.7M) gross profit ($4.3M) EBITDA ($1.7M) and Net Income ($1.3M), GOOD just announced the acquisition of Impression X for $6M.

What does Impression X do?  They’re a leader in connected television advertising or CTV.  Sounds good but what is CTV.  Glad you asked because we asked Jesse the exact same question … and you are going to love the answer.

In short, “cord cutters” are people that surrender their cable TV subscriptions and head for much cheaper online TV providers such as ROKU, Apple TV 4K, HULU and others.  Some will pay a premium subscription to remove all ads … but most do not and someone needs to serve them ads.

Voila Impression X.  In case you were wondering this might be a small market, think again because there are over 800 million connected TV’s around the world – and growing.  Heck, I’m thinking of putting an end to my cable TV bill madness myself soon.

Bottom line – the connected television market is massive and it’s only starting. GOOD just secured a prime seat at the table.

Grab a coffeee or preferred beverage and watch this interview. GOOD is on its’ way to GREAT.  Don’t say I didn’t tell you so.

George

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Posted in AGORACOM Via Satellite, All Recent Posts, Good Life Networks | Comments Off on INTERVIEW: Good Life Networks $GLN.ca Discusses Acquisition of Leading Connected Television Advertising Company Impression X

New Age Metals $NAM.ca Board Approves Preliminary Economic Assessment (PEA) River Valley Platinum Group Metals Project’s First Economic Study $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 9:47 AM on Wednesday, May 23rd, 2018

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1.New Age Metal’s (NAM) board gave the authority for management to complete the River Valley Projects first economic study, a Preliminary Economic Assessment (PEA), which is slated to be completed before the end of Q1 2019

2.The PEA will evaluate the Project at a high-level engineering and financial study. The mineralization will be interrogated with pit shell designs and mining schedule. The study would incorporate the latest information provided by the exploration programs as well as the metallurgical, geotechnical studies, and the new geophysics. The objective of the PEA would be a mine plan, mine schedule, a capital cost estimate, operating cost estimate incorporated into a financial model to provide total cash flow, net present value (NPV), and internal rate of return (IRR).

3.River Valley is the largest undeveloped primary PGM resource in North America, with 4.6Moz PdEq in Measured Plus Indicated including an additional 2.7Moz PdEq in Inferred. The River Valley PGM Project has excellent infrastructure and is within 100 kilometers of the Sudbury Metallurgical Complex. The project is 100% owned by New Age Metals.

4.OPT-IN LIST: If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news or click here.

May 23rd, 2018 / Rockport, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) is pleased to announce that the directors of the company have approved the request, from management, that NAM would like to complete a Preliminary Economic Assessment (PEA), on the 100% owned River Valley Platinum Group Metals (PGM) Project. Located approximately 100 km from the world famous Sudbury Metallurgical Complex, the River Valley Project is the largest undeveloped primary PGM resource in Canada. View our Corporate Video here.

The PEA will evaluate the Project at a high-level engineering and financial study. The mineralization will be interrogated with pit shell designs and mining schedule. The study would incorporate the latest information provided by the exploration programs as well as the metallurgical, geotechnical studies, and the new geophysics. The objective of the PEA would be a mine plan, mine schedule, a capital cost estimate, operating cost estimate incorporated into a financial model to provide total cash flow, net present value (NPV), and internal rate of return (IRR). NAM is currently conducting negotiations with several 3rd party engineering companies and will finalize its selection by the end of June 2018. NAM’s phase 1 program outlined in the NI-43-101: Diamond Drilling, Geological and Engineering Consulting, Metallurgical Studies, Geotechnical Studies, and a LiDAR survey. The approximate cost of the phase 1 program, including the PEA, will be $980,000, according to WSP Canada, the company who completed the May 2018 NI-43-101.

WSP, who completed the May 2018 NI-43-101, recommends that additional exploration expenditures are warranted to improve the viability of the Project and advance the Project towards a Preliminary Economic Assessment (PEA). It is recommended that NAM undertake a two-stage exploration program focused on delineation and expansion drill programs that will concentrate on the open pit potential along strike and down-dip of the known resources. Each program can be carried out concurrently and independently of each other; neither is contingent on the results of the other.

River Valley 2018 Exploration & Development Objectives

  1. 1.Ground IP geophysics from T3 south to T9 completed and Alan King, NAM’s Sudbury based Senior Geophysical Consultant, will have his final recommendations (for Q2 2018)
  2. 2.Utilize the new resource estimation, geophysical studies and reports to establish further drill targets (Q1-Q3 2018)
  3. 3.Continue with drilling in the northern portion of the project (Q3-Q4 2018 & Q1 2019)
  4. 4.Explore more target areas based on recommendations of the updated 43-101 and the 2018 geophysics (Q3-Q4 2018 & Q1-Q2 2019)
  5. 5.Complete further baseline studies, geotechnical studies, a Lidar survey, and mineralogical and metallurgical studies (Q4 2018)
  6. 6.Continue to advance the River Valley PGM Project towards a Preliminary Economic Assessment (PEA) on the River Valley PGM Deposit (slated for end of Q1 2019)
  7. 7.The PEA will evaluate the Project at a high-level engineering and financial study. The mineralization will be interrogated with pit shell designs and mining schedule. The study would incorporate the latest information provided by the exploration programs as well as the metallurgical and geotechnical studies. The output of the PEA would be a mine plan, mine schedule, a capital cost estimate, operating cost estimate incorporated into a financial model to provide total cash flow, net present value (NPV), and internal rate of return (IRR).
  8. 8.Our Corporate Mandate is to build a series of open pits (bulk mining) over the 16 kilometers of mineralization. We will mine, crush, and concentrate on site, then ship the concentrates to Sudbury. The objective of NAM before the March 2018 NI-43-101 was to increase the resource in the northern portion (Pine Zone/Dana North/Dana South/Lismer North) to over 1Moz of PGMs. The new NI-43-101 accomplished this.

OPT-IN LIST

If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news or click here.

ABOUT NAM’S PGM DIVISION

NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America’s largest undeveloped primary PGM deposit with Measured + Indicated resources of 160 million tones @ 0.44 g/t Palladium, 0.17 g/t Platinum, 0.03 g/t Gold, with a total metal grade of 0.64 g/t at a cut-off grade of 0.4 g/t equating to 3,297,173 ounces PGM plus Gold and 4,626,250 PdEq Ounces (Table 1). This equates to 4,626,250 PdEq ounces M+I and 2,713,933 PdEq ounces in inferred (see May 8th, 2018 press release). Having completed a 2018 NI-43-101 resource update the company is finalizing its 2018 exploration programs which will include geophysics, and extensive drill programs, which are all working towards the completion of a Preliminary Economic Assessment (PEA). Our objective is to develop a series of open pits (bulk mining) over the 16 kilometers of mineralization, concentrate on site, and ship the concentrates to the long-established Sudbury Metallurgical Complex. Alaska: April 4th, 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18th, 2018, NAM announced the right to purchase 100% of the Genesis PGM Project, NAM’s first Alaskan PGM acquisition related to the April 4th agreement. The Genesis PGM Project is a road accessible, under explored, highly prospective, multi-prospect drill ready Pd-Pt-Ni-Cu property.

The results of the new resource estimation are tabulated in Table 1 below (0.4 PdEq cut-off).

Class Tonnes

‘,000

 Pd (g/t) Pt (g/t) Rh (g/t) Au (g/t) Cu (%) Ni (%) Co (%) PdEq (g/t)
Total Measured 62,877.5 0.49 0.19 0.02 0.03 0.05 0.01 0.002 0.99
Total Indicated 97,855.2 0.40 0.16 0.02 0.03 0.05 0.01 0.002 0.83
Total Meas +Ind 160,732.7 0.44 0.17 0.02 0.03 0.05 0.01 0.002 0.90
Inferred 127,662.0 0.27 0.12 0.01 0.02 0.05 0.02 0.002 0.66
Class PGM + Au (oz) PdEq (oz) PtEq (oz) AuEq (oz)
Total Measured 1,440,248 1,999,575 1,999,575 1,136,930
Total Indicated 1,856,925 2,626,675 2,626,675 1,463,793
Total Meas +Ind 3,297,173 4,626,250 4,626,250 2,600,724
Inferred 1,578,367 2,713,933 2,713,933 1,323,809

Notes:

  1. 1.CIM definition standards were followed for the resource estimation.
  2. 2.The 2018 resource models used Ordinary Krig grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.
  3. 3.A base cut-off grade of 0.4 % g/t PdEq was used for reporting resources.
  4. 4.Palladium Equivalent (PdEq) calculated using (US$): $1,000/oz Pd, $1,000/oz Pt, $1,350/oz Au, $1750/oz Rh, $3.20/lb Cu, $5.50/lb Ni, $36/lb Co.
  5. 5.Numbers may not add exactly due to rounding.
  6. 6.Mineral Resources that are not mineral reserves do not have economic viability
  7. 7.The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.

PRIVATE PLACEMENT EXTENSION

The Company also announces that it has received approval from the TSX Venture Exchange (the “Exchange”) for an extension to complete its current non-brokered private placement financing previously announced May 7, 2018 for proceeds of up to $1,200,000. For further details on the private placement please contact Paul Poggione, Corporate Development, 1-613-659-2773, [email protected].

ABOUT NAM’S LITHIUM DIVISION

The Company has seven separately funded pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba, with focus on Lithium bearing pegmatites. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holders for Lithium in the Winnipeg River Pegmatite Field. On January 15th 2018, NAM announced an agreement with Azincourt Energy Corporation (see Jan 15, 2018, Feb 22nd, 2018 and April 11th, 2018 Press Releases) whereby Azincourt will commit up to $4.35 million dollars in exploration, up to 3.5 million shares of Azincourt stock to NAM, up to $210,000 in cash, and a 2% net smelter royalty on all 7 projects. Exploration plans for 2018 are currently in progress, whereby a minimum of $600,000 will be expended this year. For complete details on the terms and conditions of the NAM/AAZ option joint venture please see the press release dated Jan 15th, 2018.

QUALIFIED PERSON

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

ADDITIONAL INFORMATION

Should you have additional inquiries, please contact Paul Poggione, Corporate Development, Tel: 1-613-659-2773, email: [email protected].

 

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.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

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Posted in New Age Metals | Comments Off on New Age Metals $NAM.ca Board Approves Preliminary Economic Assessment (PEA) River Valley Platinum Group Metals Project’s First Economic Study $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Namaste $N.ca Announces Definitive Agreement to Commercialize Needle-Free Injector Technology for Medical #Cannabis With Inolife R&D Inc. and Participates as Lead Order in Financing Round $ACB.ca $HIP.ca $WEED.ca $CMED.ca

Posted by AGORACOM-JC at 9:06 AM on Wednesday, May 23rd, 2018
  • Company has signed a definitive agreement with Inolife R&D Inc.
  • whereby Namaste is granted exclusive rights to the commercialization of Inolife’s innovative needle-free technology for applications of medical cannabis
  • Namaste intends to produce medical cannabis oil through its partnership with Infinite Labz Inc.

VANCOUVER, May 23, 2018  – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N)(FRA: M5BQ)(OTCMKTS: NXTTF) is pleased to announce that further to the Letter of Intent (“LOI”) dated March 28th, 2018, the Company has signed a definitive agreement (the “Agreement”) with Inolife R&D Inc. (“Inolife”), whereby Namaste is granted exclusive rights to the commercialization of Inolife’s innovative needle-free technology for applications of medical cannabis, in accordance with Health Canada regulations.

Namaste intends to produce medical cannabis oil through its partnership with Infinite Labz Inc. (“Infinite Labz”) and to specifically formulate oil for use with Inolife’s injector technology. The Company believes that needle-free injection of cannabis oils could prove to be one of the most effective means of dosing through a painless device, with a fast absorption rate. Namaste will work with Inolife’s management team to develop standardized production procedures for oil production, and for testing or studies required to commercialize the technology for applications of medical cannabis in accordance with federal regulations.

Namaste is also pleased to announce that the Company is participating as the lead order in a non-brokered private placement offering (“Private Placement”), whereby Namaste will purchase 2,000,000 units of Inolife, issued at a price of $0.10 per unit. Each unit consists of one common share and one-half of one common share purchase warrant, with an exercise price of $0.20 per full warrant for a period of 24 months from the Private Placement closing date. Inolife has also chosen to appoint Namaste’s CEO Sean Dollinger to Inolife’s executive board of directors. Namaste’s management team believes that Inolife’s needle-free technology can offer significant long-term value for the medical cannabis market.

Key Terms of the Agreement

  • Namaste shall have and retain exclusive rights to the procurement and/or production of the oil required to meet the requirements and standards set out and outlined in the testing, studies, and evaluations of the products in accordance with Health Canada and/or any other regulatory agency requirements.
  • During the term of the Agreement, further testing, studies, and evaluations may be required by a regulatory agency or third party that may be interested in utilizing the needle-free injectors for the commercial use in the medical cannabis industry.
  • During the term of the Agreement, Namaste and Inolife must agree on who will conduct the testing, studies, and evaluations of the needle-free injectors.
  • The purpose of testing, studies, and evaluations of the needle-free injectors shall be primarily to determine the method on how to best produce medical cannabis oil that would be suitable for needle-free injection.
  • The Agreement shall extend to any future technology and implementations of the Inolife products, such as needle-free injectors using Inolife’s powder-based system.

Management Commentary

Michael Wright, President and CEO of Inolife comments, “The relationship between Inolife and Namaste heralds a new era for the medical cannabis industry. We’re pleased to see the opportunities for our innovative needle-free device technology to be used to deliver cutting-edge treatment from medical cannabis. Our commitment to improving quality of life for patients remains at the forefront of all our endeavors and we feel that Namaste will be an excellent partner.”

Sean Dollinger, President, and CEO of Namaste comments; “We are very excited to have signed the definitive agreement with Inolife. We are focused on partnerships with companies with innovative technology, and Inoflie’s technology could revolutionize the way medical patients with severe conditions are able to meter accurate doses of cannabis in a safe, effective and pain-free way. We anticipate that upon commercialization, Namaste will be able to leverage its relationships to produce pre-filled injectors with medical cannabis. I’m very pleased to be joining Inolife’s board of directors and hope to offer value to their team. We feel strongly that our investment and partnership with Inolife will create strong, long-term value for both companies and their shareholders.”

About Inolife R&D Inc.

Inolife R&D Inc. is an emerging, specialty medical device company focused on developing and commercializing self-administered medical products using novel drug delivery technologies. The company was founded to take advantage of novel techniques of liquid jet and ballistics-based epidermal drug injection. We believe this technology will improve a patient’s quality of life by making medicines more effective and easier to self-administer, and that it will also eliminate the anxiety and inconvenience associated with hypodermic needle injections.

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. Neither the TSX Venture Exchange nor its market regulator has reviewed or approved the contents of this press release.

SOURCE Namaste Technologies Inc.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/May2018/23/c2011.html

Sean Dollinger, Chief Executive Officer, Direct: +1 (786) 389 9771, Email: [email protected]; Vancouver, BC, V6C 2B5, Main : + 1 (786) 389-9771, namastetechnologies.com, [email protected] CNW Group 2018

 

VANCOUVER, May 23, 2018  – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N)(FRA: M5BQ)(OTCMKTS: NXTTF) is pleased to announce that further to the Letter of Intent (“LOI”) dated March 28th, 2018, the Company has signed a definitive agreement (the “Agreement”) with Inolife R&D Inc. (“Inolife”), whereby Namaste is granted exclusive rights to the commercialization of Inolife’s innovative needle-free technology for applications of medical cannabis, in accordance with Health Canada regulations.

Namaste intends to produce medical cannabis oil through its partnership with Infinite Labz Inc. (“Infinite Labz”) and to specifically formulate oil for use with Inolife’s injector technology. The Company believes that needle-free injection of cannabis oils could prove to be one of the most effective means of dosing through a painless device, with a fast absorption rate. Namaste will work with Inolife’s management team to develop standardized production procedures for oil production, and for testing or studies required to commercialize the technology for applications of medical cannabis in accordance with federal regulations.

Namaste is also pleased to announce that the Company is participating as the lead order in a non-brokered private placement offering (“Private Placement”), whereby Namaste will purchase 2,000,000 units of Inolife, issued at a price of $0.10 per unit. Each unit consists of one common share and one-half of one common share purchase warrant, with an exercise price of $0.20 per full warrant for a period of 24 months from the Private Placement closing date. Inolife has also chosen to appoint Namaste’s CEO Sean Dollinger to Inolife’s executive board of directors. Namaste’s management team believes that Inolife’s needle-free technology can offer significant long-term value for the medical cannabis market.

Key Terms of the Agreement

  • Namaste shall have and retain exclusive rights to the procurement and/or production of the oil required to meet the requirements and standards set out and outlined in the testing, studies, and evaluations of the products in accordance with Health Canada and/or any other regulatory agency requirements.
  • During the term of the Agreement, further testing, studies, and evaluations may be required by a regulatory agency or third party that may be interested in utilizing the needle-free injectors for the commercial use in the medical cannabis industry.
  • During the term of the Agreement, Namaste and Inolife must agree on who will conduct the testing, studies, and evaluations of the needle-free injectors.
  • The purpose of testing, studies, and evaluations of the needle-free injectors shall be primarily to determine the method on how to best produce medical cannabis oil that would be suitable for needle-free injection.
  • The Agreement shall extend to any future technology and implementations of the Inolife products, such as needle-free injectors using Inolife’s powder-based system.

Management Commentary

Michael Wright, President and CEO of Inolife comments, “The relationship between Inolife and Namaste heralds a new era for the medical cannabis industry. We’re pleased to see the opportunities for our innovative needle-free device technology to be used to deliver cutting-edge treatment from medical cannabis. Our commitment to improving quality of life for patients remains at the forefront of all our endeavors and we feel that Namaste will be an excellent partner.”

Sean Dollinger, President, and CEO of Namaste comments; “We are very excited to have signed the definitive agreement with Inolife. We are focused on partnerships with companies with innovative technology, and Inoflie’s technology could revolutionize the way medical patients with severe conditions are able to meter accurate doses of cannabis in a safe, effective and pain-free way. We anticipate that upon commercialization, Namaste will be able to leverage its relationships to produce pre-filled injectors with medical cannabis. I’m very pleased to be joining Inolife’s board of directors and hope to offer value to their team. We feel strongly that our investment and partnership with Inolife will create strong, long-term value for both companies and their shareholders.”

About Inolife R&D Inc.

Inolife R&D Inc. is an emerging, specialty medical device company focused on developing and commercializing self-administered medical products using novel drug delivery technologies. The company was founded to take advantage of novel techniques of liquid jet and ballistics-based epidermal drug injection. We believe this technology will improve a patient’s quality of life by making medicines more effective and easier to self-administer, and that it will also eliminate the anxiety and inconvenience associated with hypodermic needle injections.

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. Neither the TSX Venture Exchange nor its market regulator has reviewed or approved the contents of this press release.

SOURCE Namaste Technologies Inc.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/May2018/23/c2011.html

Sean Dollinger, Chief Executive Officer, Direct: +1 (786) 389 9771, Email: [email protected]; Vancouver, BC, V6C 2B5, Main : + 1 (786) 389-9771, namastetechnologies.com, [email protected] CNW Group 2018

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Posted in All Recent Posts, Medical Marijuana Stocks, Namaste Technologies Inc. | Comments Off on Namaste $N.ca Announces Definitive Agreement to Commercialize Needle-Free Injector Technology for Medical #Cannabis With Inolife R&D Inc. and Participates as Lead Order in Financing Round $ACB.ca $HIP.ca $WEED.ca $CMED.ca

$GLI.ca Glacier Lake Drills 153m of 28.9 g/t AgEq at Silver Vista $JAX.ca $GTT.ca

Posted by AGORACOM at 8:33 AM on Wednesday, May 23rd, 2018

  • Completed Seven holes totaling 1,273 metres on the “MR” target
  • Significant silver-copper hosted in fine-grained, clastic sediments was intersected in all 7 holes
  • Hole SV-18-06 returned multiple horizons of mineralization over the entire length of the hole 153.4 metre length averaging 28.9 grams per tonne (g/t) silver equivalent

Glacier Lake Resources Inc. has released results from its maiden diamond drill program on its Silver Vista property located near Smithers, B.C.

Significant silver-copper mineralization hosted in fine-grained, clastic sediments was intersected in all seven holes. Hole SV-18-06 returned multiple horizons of mineralization over the entire length of the hole, with the 153.4 metre length averaging 28.9 grams per tonne (g/t) silver equivalent (Ag Eqv *1), comprised of 16.1 g/t Ag, 0.05 percent copper (% Cu), and 0.10 % zinc (Zn). Hole SV-18-06 was the northernmost hole and the mineralized zone is open and undrilled to the west, north and northwest.

“Results from our maiden drill program on the Silver Vista ‘MR’ target support a large mineralizing system, with excellent potential to expand the silver-copper zones to the northwest and west,” says Saf Dhillon, President and Chief Executive Officer. Surface work will resume in June to refine the multiple soil geochemistry targets prior to a Phase 2 drill program. The company is fully permitted for 10,000 metres of drilling at upward of 40 sites.

The drill results were interpreted and assessed based on copper equivalent grades (Cu Eqv) of +/= 0.50 % Cu Eqv., and +/= 0.20% Cu Eqv.

The following are the intercepts base on +/= 0.50 % Cu Eqv.:

*1 {A –} Copper and silver equivalents are calculated based on the values of copper, silver and zinc, and metal prices of $16.50/ounce for silver, $3.05/lb for copper and $1.35/lb for zinc.

Seven holes, totaling 1,273 metres were completed on the “MR” target, representing the first drilling on the Silver Vista property since the initial 1991-1992 Equity Silver Mines Ltd. (a division of Placer Dome Inc., now Barrick Gold Corp.) program of 1,252.5 metres in 14 holes. Preliminary interpretations include:

A large, mineralizing system is indicated, with multiple, stacked zones of silver, copper and zinc mineralization occurring from outcrops to depths over 200 metres. Hole SV18-06 was mineralized from the overburden collar (4.6 m) to a depth of 157. 9 meters. Holes SV18-04 was mineralized from the collar to 49.0 meters, and hole SV18-07 was mineralized from the collar to 43.0 meters (see table below).

Near surface stacked zones are indicated by the recent drill program. Outcrop exposure is very limited due to subtle topography, however extensive soil geochemistry has uncovered numerous other silver and copper anomalies interpreted to have potential for further discovery of similar mineralization to the “MR target.”

The silver, copper and zinc mineralization is finely disseminated in multiple sedimentary horizons, but not obvious to the naked eye. A portable XRF (X-ray fluorescence) unit was successful in the preliminary identification of mineralized zones and helped guide the progress of the drill program. The mineralization appears to be broadly stratabound in preferred sandstone horizons with the sediments displaying a moderate north to northwest dip. Plant debris and organic matter are encouraging indicators, but alteration and veining are visibly minor and appear to be unrelated to elevated metal values.

Based on the recently completed drill program the sediments appear to be dipping moderately to the north. Holes SV18-01 and SV18-02 are therefore drilled with the dip and appear to have shallow intersection angles, in the order of 20 degrees to 30 degrees. The remaining five holes were drilled across the dip and therefore appear to have steeper intersections angles in the order of 60 to 70 degrees. Further drilling, with multiple holes on the same section or “fence”, is required to confirm the dip of the stacked mineralized bodies and the enclosing sediments.

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

Quality assurance/quality control

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

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

In addition to Glacier Lake’s third-party standards, a routine quality assurance/quality control (QA/QC) procedure monitored the analytical quality at the lab. Certified reference materials (CRMs), pulp duplicates and blanks were inserted into each lab batch of samples. The Glacier Lake and ALS Lab QA/QC data showed no irregularities.

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

 

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St-Georges Eco-Mining $SX.ca $SXOOF Announces Spin-Out of Subsidiary #ZeU Crypto Networks & Intellectual Property Acquisition Agreement Amendment with Tiande $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 1:18 PM on Tuesday, May 22nd, 2018

Sx large

  • Intends to spin-out its subsidiary ZeU Crypto Networks Inc.,
    • intent of listing ZeU on the Canadian Securities Exchange
  • Transaction is being undertaken to focus the efforts of St-Georges on its core mining, metallurgical processes and commodities management technologies related activities,
    • Seeking to maximize shareholder value of the technologies to be acquired by ZeU by placing them in a separate public company

Montreal, QC / May 22, 2018 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) announces that it intends to spin-out its subsidiary ZeU Crypto Networks Inc., with the intent of listing ZeU on the Canadian Securities Exchange. The transaction is being undertaken to focus the efforts of St-Georges on its core mining, metallurgical processes and commodities management technologies related activities, while seeking to maximize shareholder value of the technologies to be acquired by ZeU by placing them in a separate public company. The spin-out will allow ZeU management to initiate and grow operations with no further restrictions.

Shareholders to receive one ZeU share for every 8 St-Georges shares.

It is proposed that the spin-out would be effected by way of a plan of arrangement (the “Arrangement”) which would see shareholders of St-Georges receive an aggregate of 11,249,825 shares of ZeU, representing one (1) share of ZeU for every eight (8) shares of St-Georges held, and St-Georges would retain 8,750,175, of the 20,000,000 shares of ZeU St-Georges currently owns. Additional information regarding distributions to shareholders will be disclosed by way of circular in the coming weeks.

Financing

ZeU is planning to complete an initial tranche of the previously announced debenture financing, prior to the spin-out, for up to an aggregate amount of $10 million dollars. The company won’t seek additional amounts within that proposed financing and will instead initiate a separate private placement in parallel to the Spin-Out transaction (“Concurrent Financing”) to be completed concurrently with the Arrangement by way of subscription receipt of ZeU (the “Subscription Receipts”) at a price of C$1,000 per Subscription Receipt. Upon closing of the Arrangement, each holder of Subscription Receipts will receive, for no additional consideration and subject to adjustment, one special warrant (the “Special Warrants”) that, upon the satisfaction of certain conditions, shall be automatically exercised, for no additional consideration, to acquire $1,000 principal amount of 10% unsecured convertible debentures of ZeU (each, a “Convertible Debenture” and, collectively, the “Convertible Debentures”). Each Convertible Debenture shall be convertible into common shares of ZeU, as applicable, at a price of $1.00 per share, subject to adjustment in certain events.

Further details of the spin-out transaction, the Arrangement and the Concurrent Financing will be contained in the management information circular to be mailed to shareholders of St-Georges and filed on SEDAR in connection with the meeting of shareholders to be held to approve the transaction, currently contemplated to be held in July 2018. The Arrangement remains subject to approval by the shareholders of St-Georges, receipt of a final court order from the Superior Court of Quebec, and the approval of the listing of ZeU by the Canadian Securities Exchange. Notwithstanding the receipt of all requisite approvals, the directors of St-Georges reserve the right to elect to not to proceed with the Arrangement.

Amendment to Tiande Assets Acquisition Agreement

St-Georges also wishes to inform that, further to its February 26, 2018 press releases, ZeU has signed an agreement amending (the “Amending Agreement”) certain terms and conditions of its definitive asset purchase agreement dated February 23, 2018 with Qingdao Tiande Technologies Limited (“Qingdao”) and Beijing Tiande Technologies Limited (“Beijing” and together with Qingdao, the “Vendors”) with the intervention of Guiyang Tiande Technologies Limited to purchase substantially all the intellectual property of the Vendors (the “Acquisition”).

The purpose of the Amending Agreement is to eliminate uncertainties related to the closing of the Acquisition, expedite the Arrangement, which will allow ZeU to fully commit to the development of the Vendors’ Blockchain Technology, and facilitate the Concurrent Financing.

The material terms of the Amending Agreement are the removal of the minimum $10,000,000 concurrent financing condition, and the reorganization of the purchase price to provide for: (i) the delivery on the closing date, which will now occur concurrently with the completion of the Arrangement, to Vendors of 30,000,000 common shares of ZeU and 75,000,000 common share purchase warrants of ZeU exercisable at of $1.00 for a period of three years (3 years) following the listing of ZeU on a recognize stock exchange; (ii) the delivery, to the extent and only if all of the Milestone Conditions (please see February 26, 2018 press releases for details) are satisfied, an additional 45,000,000 common shares of ZeU; and (iii) the delivery, to the extent and only if the Patent Condition (please see February 26, 2018 press releases for details) is satisfied, of a final 75,000,000 common shares of ZeU.

The Acquisition remains subject to requisite regulatory approval and satisfaction of closing conditions contained in the agreement, including completion of the Arrangement.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS, PRESIDENT & CEO

Medias and Regulators Only: 514.295.9878

About St-Georges

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

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

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

The release contains forwarding looking information and statements as defined by law including, without limitation, Canadian securities laws and the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995 (“forward-looking statements”), respecting St-Georges’ plans to spin-out its subsidiary ZeU. which is intended to be listed on the Canadian Securities Exchange. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by the forward-looking statements including that the spin-out may not be completed as planned or at all due to failure to obtain shareholder or regulatory approval ,the inability to complete the Acquisition, raise sufficient capital to adequately fund Zeu or a decision of the board of St-Georges not to proceed, which decision can be made at any time prior to closing. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and a number of assumptions that may prove to be incorrect, including, without limitation, assumptions about general business and economic conditions, the timing and receipt of required approval and continued availability of capital and financing. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein. The foregoing list is not exhaustive and St-Georges undertakes no obligation to update any of the foregoing except as required by law.

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Posted in All Recent Posts, Blockchain stocks, Canadian Blockchain Stocks, Smallcap Blockchain stocks, St Georges Eco-Mining Technologies | Comments Off on St-Georges Eco-Mining $SX.ca $SXOOF Announces Spin-Out of Subsidiary #ZeU Crypto Networks & Intellectual Property Acquisition Agreement Amendment with Tiande $HIVE.ca $BLOC.ca $CODE.ca

Epic Games Will Provide $100,000,000 for Fortnite #Esports Tournament Prize Pools in the First Year of Competitive Play $GMBL $ATVI $TTWO $GAME $EPY.ca $TCEHF

Posted by AGORACOM-JC at 12:28 PM on Tuesday, May 22nd, 2018
  • Epic Games will provide $100,000,000 to fund prize pools for Fortnite competitions
  • Company getting behind competitive play in a big way, but approach will be different
  • Plan to be more inclusive, and focused on the joy of playing and watching the game

By The Fortnite Team

Fortnite Competitors!

Grab your gear, drop in and start training. Since the launch of Fortnite Battle Royale we’ve watched the passion for community competition grow and can’t wait to empower you to battle with the best.

In the 2018 – 2019 season, Epic Games will provide $100,000,000 to fund prize pools for Fortnite competitions. We’re getting behind competitive play in a big way, but our approach will be different – we plan to be more inclusive, and focused on the joy of playing and watching the game.

Stay tuned for more details about competitive structures and eligible platforms in the weeks ahead!
Source: https://www.epicgames.com/fortnite/en-US/news/epic-games-will-provide-100-000-000-for-fortnite-esports-tournament

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Posted in All Recent Posts, Esports Entertainment Group, Esports Entertainment Group Inc., eSports Investing | Comments Off on Epic Games Will Provide $100,000,000 for Fortnite #Esports Tournament Prize Pools in the First Year of Competitive Play $GMBL $ATVI $TTWO $GAME $EPY.ca $TCEHF

#Nickel star performance underpinned by old and new drivers $TN.ca

Posted by AGORACOM-JC at 10:49 AM on Tuesday, May 22nd, 2018
  • Nickel is turning out to be the star performer of the major industrial metals so far this year
  • LME three-month nickel is up 16 percent on the start of the year

By Andy Home

LONDON, May 21 (Reuters) – Nickel is turning out to be the star performer of the major industrial metals so far this year.

True, the London Metal Exchange (LME) price has retreated from April’s three-year high of $16,690 as panic that U.S. sanctions on Russia might be extended to Norilsk Nickel has dissipated.

But at a current $14,650 per tonne, LME three-month nickel is still up 16 percent on the start of the year. Tin, the second strongest performer among the LME base metals pack, is up by just two percent.

In China the Shanghai Futures Exchange (ShFE) contract largely ignored London’s Russian jitters but has also just notched up its highest trading level in three years.

Both London and Shanghai markets are being buoyed by falling visible inventory, which is reinforcing a bullish narrative of supply shortfall.

Graphic on relative performance of major LME contracts:

tmsnrt.rs/2LiDHlT

Graphic on LME and ShFE nickel stocks:

tmsnrt.rs/2LgOOvX

FALLING STOCKS, RISING DEFICIT

LME stocks of nickel have fallen every month since August last year.

At 303,576 tonnes, they are down by 63,036 tonnes, or 17 percent, on the start of 2018 and are now at their lowest level since June 2014.

Stocks registered with the ShFE closed last week at 33,000 tonnes, their lowest level since October 2015, when the Shanghai contract was in its infancy.

Combined exchange stocks of 336,600 tonnes are now a long way off the highs above 500,000 tonnes seen during the first quarter of 2016.

This erosion of visible inventory reinforces the picture of a supply shortfall painted by the International Nickel Study Group (INSG).

The INSG forecast in April that the world refined nickel market would register a shortfall of 117,000 tonnes this year.

It follows a similar sized deficit in 2017 and marks a significant revision from the Group’s previous assessment in October 2017 that the deficit this year would be around 53,000 tonnes.

Key to that revision is an upgrade of expected global consumption growth from 5 percent to 7 percent this year.

OLD DRIVER

A core driver of that strong demand growth is nickel’s traditional usage sector, stainless steel.

Global stainless production rose by 5.8 percent to a record 48.1 million tonnes last year, according to the International Stainless Steel Forum (ISSF).

China is the world’s largest producer of stainless steel and the country’s output increased by almost 5 percent last year.

But every other region saw production growth as well, ranging from 1.3 percent in Western Europe to 22 percent in the ISSF’s “others” category, which comprises Russia, Brazil, Indonesia, South Africa and South Korea.

Stainless production, and therefore nickel consumption, is expected to rise again this year, albeit at a slightly less stellar pace.

However, if this were just a stainless steel story, the impact on nickel’s fortunes would be more muted.

Nickel production is also rising fast, particularly in Indonesia, the core supplier of nickel ore to China’s nickel pig iron (NPI) sector, which is itself increasingly integrated with the country’s stainless steel producers.

The part reversal of a 2014 ban on the export of unprocessed nickel ore has reinvigorated Indonesian production.

The country’s mined production jumped by 74 percent to 345,000 tonnes in 2017 and maintained that rate of growth in the first two months of this year, according to the INSG.

The impact is there to see in China’s trade figures, with imports of Indonesian nickel ore accelerating to 3.3 million tonnes in the first quarter of 2018 from just 300,000 tonnes in the same period of 2017.

The resumption of this raw materials flow is expected to cause a rebound in China’s own NPI output as well as underpin continued growth in the off-shored NPI capacity now located in Indonesia itself.

If this were just a stainless steel story, in other words, the supply gap would be narrowing over the course of this year, as originally expected by the INSG in its October 2017 assessment.

NEW DRIVER

However, the nickel price is no longer just a function of being an input into the stainless steel production process.

Nickel is an increasingly bifurcated market, one part oriented towards stainless and the other towards use in the super-alloys and battery sectors.

Indeed, “nickel-containing batteries” got their first specific mention in the INSG April forecast for having “a positive effect on nickel usage”, a trend that “is expected to continue”.

None of the current Indonesian production surge is going anywhere near a lithium battery. Neither nickel ore nor nickel pig iron is suitable for conversion into the form of the metal, sulfate, that is used for batteries.

Battery-makers need refined metal, or what the nickel industry terms “Class 1” material.

Precisely the sort of nickel that qualifies for good delivery on the LME and the Shanghai exchanges and precisely the sort of nickel that is now leaving those exchanges.

Not that the battery sector is by itself causing the run on visible inventory.

There are other factors in the mix, not least the decision by the world’s largest nickel producer Vale to idle capacity in response to what were until very recently super-low prices.

But there is a sense that the battery supply chain may be starting to stock up on what is already a key metallic input and one that is expected to gain in importance as battery-makers use more nickel and less cobalt in their configurations.

Moreover, the battery story has charged investor enthusiasm ever since it burst onto the nickel scene during LME Week last October.

LME broker Marex Spectron estimates that speculators are currently long nickel to the tune of 9 percent of open interest, making it the largest speculative long in the base metals pack.

Nickel’s traditional price driver, the stainless sector, is the foundation on which the current price strength rests but the extra spice is coming from the battery sector, even if somewhat preemptively via supply chain hoarding and investor interest.

There remains an underlying tension between booming production of nickel for usage by stainless steel mills and lagging output of Class 1 nickel that could be used by battery-makers.

But for now, old and new drivers are both pushing nickel in the same direction.

Source: https://www.reuters.com/article/us-italy-politics-ecb-graphic/graphic-little-evidence-that-ecb-would-use-quantitative-easing-to-play-politics-idUSKCN1IN1SS

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Namaste $N.ca Closes Acquisition of Leading #A.I. and Machine-Learning Technology Platform Findify.io for $12,000,000 in Cash and Shares $ACB.ca $HIP.ca $WEED.ca $CMED.ca

Posted by AGORACOM-JC at 9:21 AM on Tuesday, May 22nd, 2018

Namaste large new

  • Announced that the Company has closed its previously announced acquisition of Swedish-based A.I. and machine learning technology platform, Findify AB
  • Findify is a global leader in A.I. powered e-commerce technology, delivering solutions such as personalized search, recommendations, and advanced data analytics

VANCOUVER, May 22, 2018 – Namaste Technologies Inc. (“Namaste” or the “Company“) (TSXV: N) (FRA: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that the Company has closed its previously announced acquisition of Swedish-based A.I. and machine learning technology platform, Findify AB (“Findify” or “Findify.io”), through the purchase of all of the issued and outstanding shares of Findify, for a purchase price of US $12,000,000 in a combination of cash and common shares of the Company. Findify is a global leader in A.I. powered e-commerce technology, delivering solutions such as personalized search, recommendations, and advanced data analytics. The acquisition of Findify as a technology platform will bring significant value to Namaste and its shareholders by accelerating the Company’s growth strategy, enhancing conversion rates and revenue and in providing an entry into machine-learning and A.I. for applications for cannabis.

Findify’s Platform and Conversion Rate Optimization

Findify’s platform, which is used by leading e-commerce websites, including Namaste, uses proprietary real-time machine learning algorithms to deliver a truly personalized experience to each and every customer. Through robust data collection, the platform analyzes user behavior and in combination with product trends, it automatically and continuously displays relevant products to each customer at any given time. The ability to deliver accurate and relevant products real-time, leads to increases in revenue, conversion rates and average order value.

Namaste will deploy Findify’s full product suite across its platform in order to bring this intelligence across all consumer touch-points. This focus on conversion rate optimization (CRO) using A.I. and machine learning technology will provide Namaste’s customers and patients, with an enhanced user experience while also increasing sales. The Company’s management team anticipates that the integration of Findify’s full-suite of proprietary technology will increase monetization, deliver a better user experience for customers, and propel revenue growth in both cannabis and hardware sales.

Cannabis A.I.

The Namaste and Findify team are pleased to be bringing the power of artificial intelligence to solve the problem of unpredictability in plant medicine. Findify’s technology will help bring clarity to our consumers and patients, who seek a specific cannabis strain in an ocean of variety, misinformation, uncertainty. Recent studies have revealed that the cannabis plant has 144 cannabinoids and over 100 terpenes, each with beneficial properties in unique combinations, affecting individuals in different ways. In addition to having over a thousand strains and over 200 variations of beneficial compounds, humans have different responses to each of these strains, making it an enormous challenge to find the right strain for the right person and their particular needs. Today, we search for that perfect strain by means of trial & error or guesswork. But Findify’s proprietary machine learning technology will allow us to match each unique individual with the relevant cannabis products for them. The Findify acquisition uniquely positions Namaste to develop a cannabis-focused A.I. platform that will provide a deeper understanding of patients needs and behaviours in an effort to provide a more relevant and personalized experience.

Key terms of the Acquisition:

  • Namaste acquired all issued and outstanding shares of Findify in exchange for:
    • US $2,000,000 in cash, paid upon the closing date of the proposed transaction.
    • US $10,000,000 paid in common shares of Namaste at a mutually agreed price of C$1.80 per common share.

The acquisition of Findify represents a major milestone for Namaste as its largest and first technology-based acquisition. Namaste will roll-out the entire suite of products available through Findify on all touch points in order to bring real-time intelligence across its platform. Findify will also leverage their experience working with 1000+ e-commerce stores, with conversion rate optimization and enhanced UX design.

Management Commentary

Meni Morim, Founder and CEO of Findify comments:

“We are delighted to officially be part of the Namaste Technologies team. We believe that technology can make the world a better place, and we strive to achieve that vision by bringing plant-based holistic medicine to the masses. By leveraging the power of A.I., we can understand complex plant characteristics and match them with patients’ profiles, thus helping patients with ailments such as chronic pain find the right strain of cannabis to alleviate their condition. It’s exciting to be able to use Namaste’s platform to offer people in remote areas access to health professionals and high-quality products.

During the acquisition process, we had the opportunity to work closely with the Namaste management team. It is an incredibly experienced and talented group of people, with drive and dedication which is truly inspiring. We are honored to be part of such a team.

We have spent a significant time reviewing the vision and roadmap of Namaste, and we’re very excited to take part in shaping the future of cannabis. We will be working hard on weaving A.I. into all aspects of the Namaste offering, which will deliver an unparalleled experience to our customers and patients.”

Sean Dollinger, President and CEO of Namaste comments:

“We are very excited to have acquired such an innovative company. Findify’s team have demonstrated themselves to be not only cutting-edge developers but also like-minded in business and strategy. We have already seen the benefits of A.I. and machine-learning in applications of e-commerce and anticipate strong growth in Findify’s existing business, offering this as a service to retailers. Our strategy will be to roll-out the full-suite of Findify’s offering across all Namaste sites with a focus on increasing CRO and in maximizing revenue and profitability. We have devoted ourselves to acquiring and innovating technology for the cannabis industry. We are very excited to have the opportunity to begin testing machine-learning and A.I. applications specifically within the cannabis industry.

In the future, cannabis patients will demand a more personalized online experience, as products and services in the cannabis industry continue to grow exponentially. We remain focused on positioning the company as a global leader in applications of innovative technology within the cannabis industry. We are very proud to have such talented companies and individuals working in partnership with Namaste to enhance a patient’s online buying experience by providing a deeper level personalization that will directly impact the patient’s experience.”

About Findify AB

Findify is a leader in e-commerce machine learning applications, with over 1200 customers in more than 60 countries around the world. Findify has developed a unique machine learning core, that leverages user behaviour, to personalize online experiences in real-time. Findify’s machine learning technology has been proven to deliver up to 27% uplift in conversion rate, and up to 30% uplift in revenue per user.

Findify is an official Shopify Plus Technology Partner, recognized as a “Best-In-Class Solution” for modern, rapidly growing e-Commerce businesses.

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

Investor Relations

Phone: 561-542-5052 or 250-300-5103

Email: [email protected]

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

namastetechnologies.com

namastevapes.ca

everyonedoesit.ca

namastevaporizers.co.uk

everyonedoesit.co.uk

australianvaporizers.com.au

Forward-Looking Information

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

SOURCE Namaste Technologies Inc.

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