TORONTO, June 12, 2017 (GLOBE NEWSWIRE) — Faircourt Asset Management Inc., as Manager of the Faircourt Funds (TSX:FGX), (TSX:FCS.UN), is pleased to announce the monthly distributions payable on the Shares and Trust Units of the below listed Funds.      

Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Gold Income Corp. and Faircourt Split Trust. 

This press release is not for distribution in the United States or over United States wire services.

For further information on the Faircourt Funds, please visit www.faircourtassetmgt.com or please contact 1-800-831-0304.

You will usually pay brokerage fees to your dealer if you purchase or sell Units of the Trust on the Toronto Stock Exchange or other alternative Canadian trading system (an “exchange”). If the Units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying Units of the Trust and may receive less than the current net asset value when selling them.

There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in the public filings available at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

VANCOUVER, British Columbia, June 12, 2017 (GLOBE NEWSWIRE) — CRYSTAL EXPLORATION INC. (the “Company” or “Crystal”) (TSXV:CEI) (OTCQB:CYRTF) announces an extension to the private placement previously announced on May 12, 2017.  The Company proposes to complete a non-brokered private placement financing on a best efforts basis of up to 10 million units (“Units”) at a price of $0.10 per Unit for gross proceeds of up to $1,000,000.  Each Unit will consist of one common share and one common share purchase warrant.  Each whole warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.18 for a period of 24 months from the date of issue of the warrant.  In the event that the shares of the Company trade at a price greater than $0.25 per share for a period of 20 consecutive days, then the Company may deliver a notice to the warrant holders that they must exercise the Warrants within the next 30 days, or the Warrants will expire.

Proceeds from the private placement will be used for working capital and to advance gold and diamond projects located in Nunavut, Canada.

All securities issued will be subject to a four-month hold period. The offering is subject to the approval of the TSX Venture Exchange (the “TSXV”) and finder’s fees may be payable in accordance with the policies of the TSXV.

Shareholders seeking further information about participation in the Placement should contact the Company at the telephone number or email address above.

About Crystal Exploration Inc.
Crystal is a Canadian gold & diamond exploration company with Common shares listed for trading on the TSX Venture Exchange.  Crystal is backed by proven and seasoned resource sector professionals who have a track record of advancing exploration projects from grassroots through to production scenarios. 

ON BEHALF OF THE BOARD OF DIRECTORS

s/ “Jim Greig”

Jim Greig,
President and Chief Executive Officer

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

CONTACT: WEB:  WWW.CRYSTALEXPLORATION.COM
EMAIL:  INFO@CRYSTALEXPLORATION.COM
TELEPHONE: 604 260 6977

CALGARY, Alberta, June 19, 2017 (GLOBE NEWSWIRE) — Antioquia Gold Inc. (‘Antioquia Gold” or the “Company”) (TSX-V:AGD) (OTCQX:AGDXF) announces that it has retained the services of Fairlawn Capital Partners of Whistler, BC (“Fairlawn”) to provide investor relations services to the Company, subject to approval of the TSX Venture Exchange.

Fairlawn will initiate and maintain contact with the financial community, shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities.  Fairlawn is a full and comprehensive provider of investor relations services. Fairlawn will assist the Company in fostering productive continuing dialogues with analysts, brokers, investors and other investment professionals.

Fairlawn’s principal, Michael Mills, is the primary contact for and principle service provider to Antioquia Gold under the agreement.  Mr. Mills is a mining investor relations professional with many years of experience in investor relations, and corporate development within the global mining industry.

Fairlawn will be paid a monthly fee of $1,500 and will be reimbursed for all approved reasonable out of pocket expenses.  Fairlawn has also been granted 100,000 options to purchase common shares of the Company exercisable at $0.18 per share.  The options are subject to the vesting provisions and the terms and conditions of the Company’s stock option plan and policy 4.4 of the TSX Venture Exchange. The investor relations agreement is for a period of one year, which may be extended by agreement of the parties. Currently, neither Fairlawn nor Michael Mills has any direct or indirect material interest in Antioquia Gold or its securities, other than the stock options as described above.

Additionally, the Company would like to clarify that pursuant to its press release dated June 1, 2017, Mr. Gonzalo de Losada, President and Chief Executive Officer of the Company, was appointed as a director and the Chairman of the Board of Directors.  Mr. Gonzalo de Losada replaced Mr. Felipe Ferraro who resigned as a director and Chairman of the Company’s Board of Directors, effective June 1, 2017. 

For further information on Antioquia Gold Inc., visit our website at www.antioquiagoldinc.com

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.

Forward-Looking Statements:
This news release contains certain forward-looking statements, including the closing of the financing and any plans regarding the expected used of proceeds from the financing. Forward-looking statements are based on management’s current assumptions and are subject to risks and uncertainties. There can be no assurance that any forward-looking statement will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information due to a number of factors beyond the Company’s control. These assumptions, risks and uncertainties include, among other things, management’s assumptions about government permitting, equipment procurement and the availability of the necessary consultants and capital, as well as the risks of delay in any of these activities and the risks inherent in Antioquia Gold’s operations, including the risks that the Company may not find any minerals in commercially feasible quantity or raise enough money to continue to fund its exploration plans. These and other risks are described in the Company’s public disclosure documents filed on the SEDAR website maintained by the Canadian Securities Administrators. The Company does not undertake to update any forward-looking information except as may be required by applicable securities laws.

CALGARY, Alberta, June 19, 2017 (GLOBE NEWSWIRE) — Builders Capital Mortgage Corp. (the “Company”) (TSXV:BCF) is correcting a news release dated May 30, 2017. In that news release, the record date for a dividend declared on the Class A Non-voting shares of the corporation was erroneously noted as March 31, 2017 instead of the correct date of March 30, 2017.

The news release containing the error was issued subsequent to both the record date and the payment date for the dividend.

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.

CONTACT: For further information, please contact:

John Strangway, Chief Financial Officer
Telephone: (403) 685-9888

RED DEER, Alberta, June 19, 2017 (GLOBE NEWSWIRE) — Gamehost Inc. (‘Gamehost’, the ‘Company’) (TSX:GH) has declared a cash dividend for the month of June, 2017 of $0.0575 (CDN$) per common share.  The dividend will be paid on July 14, 2017 to shareholders of record on June 30, 2017.  The ex-dividend date is June 28, 2017.

This dividend is considered an “Eligible Dividend” and therefore, eligible for the enhanced gross-up and dividend tax credit available to shareholders.

Gamehost is a corporation established under the laws of the Province of Alberta.  The Company’s operations are all located in the Province of Alberta, Canada.  Operations of the Company include the Boomtown Casino in Ft. McMurray, the Great Northern Casino, Service Plus Inns & Suites hotel and a strip mall all located in Grande Prairie.  The Company has a 91% controlling interest in Deerfoot Inn & Casino Inc. who operates the Deerfoot Inn & Casino in S.E. Calgary.

Gamehost common shares trade on the Toronto Stock Exchange (TSX) under the symbol GH.  For more information, visit www.gamehost.ca.  Complete disclosure of the Company can be found on SEDAR at www.sedar.com. 

The TSX does not accept responsibility for the adequacy or accuracy of this release.

CONTACT: For more information, contact:

Craig M. Thomas or;
Darcy J. Will
Toll free  (877) 703-4545 
(403) 346-4545
Fax  (403) 340-0683
Email  info@gamehost.ca

• Adds compression fleet of approximately 112,000 hp generating stable, repeatable, and high margin revenue and increases Enerflex’s global contract compression fleet to over 600,000 hp.
• Increases Enerflex’s geographic footprint and concentration of revenue in the Permian and Scoop/Stack basins within the United States – one of the fastest growing natural gas markets.
• Aligns and supports Enerflex’s strategic goal of increasing ownership of natural gas handling assets.
• Increases Service and Rental revenue in the USA and moves Enerflex closer to its strategic objective of 35% – 40% recurring revenue.
• Business generated revenue of approximately U$25.7 million for the year ended December 31, 2016.
• Transaction will be financed through drawings on our credit facility and cash on hand, resulting in a Net Debt to Trailing-Twelve Month EBITDA ratio of 1.8 times at closing.
• Transaction is expected to be immediately accretive to EPS.

CALGARY, Alberta, June 19, 2017 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX:EFX), through its USA entity Enerflex Energy Systems Inc. (“Enerflex” or the “Company”), announced today that it has entered into a definitive agreement to acquire the compression business of Mesa Compression, LLC (“Mesa”) for U$106 million in cash, subject to certain purchase price adjustments (“Acquisition”).

The transaction is consistent with Enerflex’s objective of increasing recurring revenue streams and expanding in the USA market while supporting the Company’s strategy of being a global supplier of turnkey energy solutions through compression, processing, and electric power equipment sales, after-market service, and contract operations.

“This acquisition provides Enerflex with an established and growing contract compression platform in the USA with attractive margins and recurring revenue. It accelerates our ability to deliver full-cycle contract services in the region and provides Enerflex with increased coverage in the Permian and Scoop/Stack basins,” said J. Blair Goertzen, Enerflex’s President and Chief Executive Officer. “The strategic fit between both organizations, the talented resources, as well as the growth opportunities will enhance the Company’s position in the contract compression business.”

Key Highlights

• Adds a strong contract compression operations management team currently led by Al Lavenue, President and General Manager of Mesa. Mr. Lavenue is an industry veteran within the natural gas compression services market and brings over three decades of expertise with a proven track record of profitable growth. Mr. Lavenue will join Enerflex’s United States management team as Senior Vice President and will be responsible for the expansion and growth of the rentals business in the region;
   
• Increases recurring revenue, gross margin, and EBITDA. Contracted compression and maintenance businesses are highly profitable and provide stable, predictable, and repeatable cash flow;
   
• Significantly increases the size and scale of USA’s rental product and service offering, including gas lift compression solutions;
   
• Rental fleet and operations are positioned in growth oriented basins – the Permian and the Scoop/Stack;
   
• Provides meaningful “cross-sell” fabrication revenue opportunities through expanded presence; and
   
• The purchase price represents an acquisition multiple of 8.0x 2016 EBITDA, after adjusting for certain non-recurring revenues and costs, which will not be required for the business going forward.  Enerflex expects the transaction to be immediately accretive to earnings per share.

Acquired Business
Headquartered in Oklahoma City, Oklahoma, Mesa’s business has 55 employees with operations in Oklahoma, Texas, and New Mexico. The business consists of 689 compression packages totaling approximately 112,000 horsepower, running at utilization levels above 85% and having an average fleet age of approximately 7 years.  All members of the current Mesa senior operations team will stay with the business following the closing of the Acquisition. For the year ended December 31, 2016, combined revenue was U$25.7 million.

“Mesa Compression’s employees and management are excited to be joining Enerflex and continue to grow this business,” said Al Lavenue, Mesa Compression’s President and General Manager. “Enerflex’s global reputation as a high-quality and innovative supplier to the oil and natural gas industry combined with Mesa’s track record as a leader in providing excellent, reliable, and safe contract compression services, enhances the ability to significantly expand across the USA and into new areas where we can grow our market share by leveraging these combined products and resources.”

Financing of the Transaction
The Acquisition will be financed through a combination of cash-on-hand and drawings on the existing C$775 million syndicated credit facility, which is co-led by The Toronto-Dominion Bank and Scotiabank. At closing, Enerflex’s expected pro forma Net Debt / Trailing-Twelve Month EBITDA ratio will be approximately 1.8.  As at March 31, 2017, Enerflex had cash-on-hand of approximately C$157 million.

Closing of the Acquisition and Other Information
Closing of the Acquisition is subject to certain conditions, including receipt of several regulatory and third party approvals and is not expected to occur before July 31, 2017. 

About Enerflex
Enerflex Ltd. is a single source supplier of natural gas compression, oil and gas processing, refrigeration systems, and electric power generation equipment – plus related engineering and mechanical service expertise.  The Company’s broad in-house resources provide the capability to engineer, design, manufacture, construct, commission, and service hydrocarbon handling systems.  Enerflex’s expertise encompasses field production facilities, compression and natural gas processing plants, refrigeration systems, and electric power equipment servicing the natural gas production industry.

Headquartered in Calgary, Canada, Enerflex has approximately 1,800 employees worldwide. Enerflex, its subsidiaries, interests in associates and joint-ventures operate in Canada, the United States, Argentina, Bolivia, Brazil, Colombia, Mexico, Peru, Australia, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Indonesia, Malaysia, and Thailand. Enerflex’s shares trade on the Toronto Stock Exchange under the symbol “EFX”.  For more information about Enerflex, go to www.enerflex.com.

Advisory Regarding Forward-Looking Statements

In the interest of providing readers with information regarding Enerflex, including management’s assessment of the future plans and operations of Enerflex, certain statements contained in this news release constitute forward-looking statements or information (collectively “forward-looking statements“) within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as “anticipate”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “project”, “could”, “plan”, “intend”, “should”, “believe”, “outlook”, “potential”, “target” and similar words suggesting future events or future performance. In particular, this news release contains, without limitation, forward-looking statements pertaining to the following: certain anticipated strategic benefits of the Acquisition, including the anticipated effects of the Acquisition on Enerflex’s recurring revenues, gross margins, EBITDA, USA growth, and profitability; that the Acquisition will be accretive to the Company’s earnings per share; that the Acquisition will provide access to growing markets / plays; that Enerflex will be able to cross-sell its current products; expected additions to Enerflex’s management team post-Acquisition; the sources of capital to fund the anticipated purchase price of the Acquisition, including the expectation that the revolving credit facility will be available for use by Enerflex to fund a portion of the purchase price; certain of the assets expected to be acquired by Enerflex as a result of the Acquisition; Enerflex’s expected pro-forma net debt and trailing-twelve month (TTM) EBITDA ratios after the completion of the Acquisition; and the expected closing date of the Acquisition.

With respect to forward-looking statements contained in this news release, Enerflex has made assumptions regarding, among other things: the ability of Enerflex to execute and realize on the anticipated benefits of the Acquisition; the value and benefits of the Acquisition; that Enerflex’s lenders will not amend, terminate or otherwise fail to provide the credit facilities described herein; that the acquired business will perform in a manner consistent with past periods; that no contractual or other arrangements in respect of the acquired business will be amended, modified or terminated as a result of the Acquisition, or otherwise; that all conditions to closing of the Acquisition, including receiving all required third party and regulatory approvals, will be provided in a timely manner and without unforeseen or onerous conditions; that the current commitments by certain Mesa managers to continue with the business will remain accurate; expectations and assumptions concerning prevailing usage rates, exchange rates, interest rates, applicable tax laws; estimates of operating costs; anticipated timing and results of capital expenditures; the sufficiency of budgeted capital expenditures in carrying out planned activities; the state of the economy and the financial conditions of Enerflex’s and Mesa’s customers; results of operations; business prospects and opportunities; the availability and cost of financing, labor and services; the impact of increasing competition; the effect of seasonality fluctuations; the risk of violations of law, breaches of policies or unethical behavior; property and casualty risks; injuries at the workplace or health issues; the risk of material adverse effects arising as a result of litigation; and events or series of events may cause business interruptions.

Although Enerflex believes that the expectations reflected in the forward-looking statements contained in this news release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct.  Readers are cautioned not to place undue reliance on forward-looking statements included in this news release, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur.  By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause Enerflex’s actual performance and financial results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, the following: that the Acquisition may not close when planned (or at all) or on the terms and conditions set forth herein; the failure of Enerflex and/or Mesa to obtain the necessary regulatory and other third party approvals required in order to proceed with the Acquisition; the risk that the proposed Acquisition could be modified, restructured or terminated; volatility in market prices for oil and natural gas; incorrect assessment of the value of the Acquisition; risks inherent in operating in foreign and emerging markets; failure to realize the anticipated benefits and synergies of the Acquisition; the impact of general economic conditions; industry conditions, including the adoption of new laws and regulations and changes in how they are interpreted and enforced; volatility of oil and gas prices; oil and gas product supply and demand; risks inherent in the ability to generate sufficient cash flow from operations to meet current and future obligations, including future dividends to shareholders of the Company; increased competition; the lack of availability of qualified personnel or management (including those that are expected to continue with the acquired business); labour unrest; political unrest; fluctuations in exchange or interest rates; stock market volatility; opportunities available to, or pursued by, the Company; obtaining financing;  and the other factors described under “Risk Factors” in Enerflex’s most recently filed Annual Information Form available in Canada at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking statements contained in this news release speak only as of the date of this news release. Except as expressly required by applicable securities laws, Enerflex does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Non‐GAAP Measures
This news release contains the term “Net Debt”, “EBITDA” (earnings before interest, tax, depreciation and amortization), and “Trailing-Twelve Month EBITDA (TTM EBITDA)” which do not have a standardized meaning prescribed by International Financial Reporting Standards, which has been adopted in Canada as Generally Accepted Accounting Principles (“GAAP”) and therefore may not be comparable with the calculation of similar measures by other companies. “Net Debt” and “TTM EBITDA” in this news release are calculated in accordance with Enerflex’s syndicated credit facility covenant calculation requirements.  Enerflex uses net debt as a key indicator of its leverage and strength of its balance sheet. There is no GAAP measure that is reasonably comparable to Net Debt. EBITDA provides the results generated by the Company’s primary business activities prior to consideration of how those activities are financed, assets are amortized or how the results are taxed in various jurisdictions. EBITDA as presented is not intended to represent cash provided by operating activities, net earnings or other measures of financial performance calculated in accordance with GAAP. These measures have been described and presented in this news release in order to provide readers with additional information regarding the Company’s liquidity and its ability to generate funds to finance its operations and dividends.

Note on Certain Financial Information
Certain financial and other information provided herein in respect of Mesa’s business that is subject to the Acquisition has been prepared by management of Mesa on a “carve-out” basis in accordance with US generally accepted accounting principles which differ in certain respects from those principles that would have been followed had such financial information been prepared in accordance with Canadian GAAP. As at the date hereof, such “carve-out” financial information has not been audited and, as a result, may be subject to change. All historical financial information in respect of Mesa and the business as the case may be, is based on information supplied by Mesa.  The Company has not independently verified such financial information and as such does not guarantee the accuracy and completeness of the information.

CONTACT: For investor and media inquiries, please contact:
 
J. Blair Goertzen 
President & Chief Executive Officer
Tel:   403.236.6852

D. James Harbilas
Executive Vice President & Chief Financial Officer
Tel:   403.236.6857

HOLLAND LANDING, Ontario, June 19, 2017 (GLOBE NEWSWIRE) — Brian Mirsky, CEO, Inscape Corporation Ltd. (TSX:INQ), announces the following organizational changes, effective immediately.

Inscape is making changes to align leadership capabilities to better support the growth of its two operating units: Inscape (Inscape systems, storage, architectural walls and seating products) and West Elm Workspace with Inscape (all products related to partnership with West Elm).

“We are evolving our organizational structure to maximize the potential of both business units,” said Brian Mirsky, CEO. “Moving to a matrix organization leverages our resources and talent more efficiently to deliver value for the entire organization.”

Glen Snelling, Vice President of Operations, will lead Supply Chain and Operations support for both Inscape and West Elm Workspace business units. John Gols, Executive Vice President Sales + Distribution, will continue to lead the company’s Sales and Sales Resource teams, newly bolstered by the addition of new West Elm Workspace Brand Specialists and Operations support.

With these structural changes, Jim Stelter, President of the West Elm Workspace with Inscape business unit, will be retiring from the company. “Since joining Inscape in January 2014, Jim has helped create and implement our Strategic Growth Plan and he has made significant contributions identifying and developing the West Elm Workspace with Inscape growth opportunity. We wish him all the best,” said Mirsky.

About Inscape          
Inscape has supported the evolution of the workspace since 1888. A versatile portfolio of systems, storage, walls and seating products addresses the diverse needs of today’s office with solutions that stand the test of time – built to last and inherently flexible. Dedicated to delivering innovative solutions with care and expertise, Inscape is here to help you make life at work better.

CONTACT: Media Contact:
Michelle Allard
Director, Communications + Market Insights
905 836 7676  x3368
mallard@inscapesolutions.com 

EDMONTON, Alberta, June 19, 2017 (GLOBE NEWSWIRE) — Today, the newly formed Edmonton Screen Industries Office Society (ESIO) appeared in front of City Council’s Community and Public Services Committee to formalize their grant agreement of $530,000 for two years and to update councillors on their progress.

A PDF of the board members accompanying this release is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/142bf712-4c80-4fef-b5be-fb06b9cea57b

“I’m pleased to say that the ESIO is up and running and ready to begin its work to help lead Edmonton in becoming a national and international centre for media production excellence. We are delighted by the confidence shown in us by our municipality and will work diligently to steward an organization committed to nurturing an integrated screen industry right here in our city,” said ESIO Chair Carman McNary.

“Screen industries” includes the full range of screen-based entertainment, education and training — from mobile, television, Internet streaming and theatrical release inclusive of live action, animation and interactive video games. The ESIO will work closely with screen industry professionals to:

• Explore innovations and the future of the industries on multiple platforms, so that Edmonton can be at the forefront of new directions in the sector.
• Facilitate local content production across a variety of platforms.
• Seek out markets and distribution avenues for locally produced content.
• Attract projects that the Edmonton talent pool can support.

The ESIO Board of Directors, selected with input from the Screen Industries Working Group, which recommended its formation, is made up of individuals from diverse backgrounds with exceptional governance experience (see attached).

“We are grateful to the transitional Screen Industries Working Group for their leadership over the last couple of years and are committed to working alongside specialists in the sector to nurture a vibrant industry ecosystem that will bring new opportunities and investment, job creation and economic growth to Edmonton,” said McNary.

The first task for the ESIO board will be to hire a CEO, establish an advisory committee structure and develop a strategic plan to lead on issues, opportunities, innovations and investment attraction.
                                                                       
“This is an exciting sector undergoing considerable convergence, disruption and innovation. In addition to fostering economic growth in this specialized arena, we believe our role is to spearhead the effective and accountable use of the City’s investment and keep City Council apprised of our progress. This is important work, and we are honoured to be playing our part in doing it well,” concluded McNary.

CONTACT: All inquiries about the ESIO should be directed to the Chair:
Carman R. McNary, Q.C.
1 780 423 7236

carman.mcnary@dentons.com

TORONTO, June 20, 2017 (GLOBE NEWSWIRE) — Mandalay Resources Corporation (“Mandalay” or the “Company”) (TSX:MND) is providing an update and further information on the flooding at the Cerro Bayo operation that was originally announced on June 9, 2017, and updated on June 14, 2017.

On June 9, 2017, between 3:00 a.m. and 4:00 a.m. local time, a catastrophic inundation event occurred in the Delia NW mine, one of three producing mines at the operation. The Delia NW vein in the area of the event is situated approximately 100 metres landward from the original shore of Laguna Verde. The subsidence of the original lake shore created a new bay on the lake that measures approximately 100 metres by 100 metres.

Immediately following the inundation, underground and surface operations at the mine were curtailed in a safe, orderly way and they remain curtailed. On June 16, the Government of Chile declared a “State of Constitutional Exception” for the commune of Chile Chico (in which Cerro Bayo is located), which allows the government to control the site and coordinate the search efforts described below. Mandalay supports and respects the State of Constitutional Exception as it assists in ensuring the safety of the site as well as the search efforts.

Two miners remain missing in the Delia NW mine, Jorge Sanchez and Enrique Ojeda. Efforts to search for them to date include:

• Pumping from the flooded ramp and escapeway. This has not achieved any water level reduction due to hydraulic conductivity with the lake.
• Drilling multiple holes to the bottom level of the mine, approximately 200 metres below the surface.
• Two of these holes intersected the target mine workings on Saturday, June 17, finding them to contain water and mud, but no trapped air.
• Two more holes are being drilled to intersect the area of the mine with the closest rescue chamber to where the miners were working. These holes are expected to reach target on Wednesday morning, June 21. However, the rescue chambers are designed to protect against contaminated air and not the significant amount of water pressure that Mandalay now believes is present in the area.
• In addition, construction of a berm began with the aim of isolating the new bay of the lake from the main volume of the lake and perhaps enable pumping of water out of the mine. Construction of this berm was halted for safety reasons.
• Military expert divers and submarine drones from the Chilean government have explored down the flooded ramp and in the new bay. Limited visibility in the muddy water prevented useful information from being obtained.

Mandalay has been receiving abundant resources and support from various levels of Chilean government, including the military, the police, Sernageomin and the Minister of Mines. In addition, local mining companies, drilling companies, and contractors have been engaged in the search efforts.

With respect to the possible impacts of this event on Cerro Bayo operations, Mandalay notes that:

• Approximately 12,000 tonnes of ore remained on the bottom of the level at the time of the event, or approximately 12 days of mill throughput at the current 1,000 tonnes per day rate. Therefore, the immediate impact on reserves and ultimate total production at the property is expected to be small.
• The remaining two producing mines at the current time are Coyita and Delia SE, both located close to and under Laguna Verde. These mines are planned to supply a significant portion of the remaining life of mine plan and are entirely unflooded and intact. The Company confirms that the reopening of any mine at Cerro Bayo is dependent on the results of detailed investigations into the root causes of the Delia NW event, resulting risk analysis of the possibility of reopening and government permits to reopen. This work is likely to take several months.
• The Marcela and the Raul mines, both mined in the past by a previous owner and in the process of permitting at this time for future restart, are the two other mines contained in the current Life of Mine plan. These are located far from the lake, and are isolated from inundation risk. These mines will not be operated until the investigation and risk analysis is completed for the Life of Mine plan as a whole.

Once the intensive search phase is completed, Mandalay will begin consultations with its unions and government on the future of the mine.

Dr. Mark Sander, President and Chief Executive Officer of Mandalay, commented “Our thoughts and prayers are with Jorge’s and Enrique’s families, friends and co-workers. We are continuing to do everything possible to locate them. The Company is extremely grateful to all our employees, contractors, suppliers, Ministry of Mining, Armed Forces, Government of Aysén, Sernageomin, Firemen of Chile Chico, among other active participants, for all their effort, solidarity and support.”

About Mandalay Resources Corporation:

Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia, Chile, and Sweden, and a development project in Chile. The Company is focused on executing a roll-up strategy, creating critical mass by aggregating advanced or in-production gold, copper, silver and antimony projects in Australia, the Americas, and Europe to generate near-term cash flow and shareholder value.

Forward-Looking Statements:

This news release contains “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the Company’s production of gold, silver and antimony for the 2017 fiscal year. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, changes in commodity prices and general market and economic conditions. The factors identified above are not intended to represent a complete list of the factors that could affect Mandalay. A description of additional risks that could result in actual results and developments differing from those contemplated by forward-looking statements in this news release can be found under the heading “Risk Factors” in Mandalay’s annual information form dated March 31, 2017, a copy of which is available under Mandalay’s profile at www.sedar.com. In addition, there can be no assurance that any inferred resources that are discovered as a result of additional drilling will ever be upgraded to proven or probable reserves. Although Mandalay has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. 

CONTACT: For Further Information:

Mark Sander
President and Chief Executive Officer

Greg DiTomaso 
Director of Investor Relations

Contact: 
+1.647.260.1566

TORONTO, June 20, 2017 (GLOBE NEWSWIRE) — TransPod, the startup that is building the world’s leading hyperloop system to disrupt and redefine commercial transportation, today announced a partnership with Liebherr-Aerospace, a leading global supplier of air management, flight control/actuation systems, landing gears, gears and gearboxes as well as electronics for the aviation industry in the civil and military sectors. Liebherr-Aerospace will support the research, development, and production of new cabin and vehicle thermal systems designed specifically for TransPod’s hyperloop system to ensure safety, efficiency, and passenger comfort.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/12a8121f-dd8f-498c-9b16-41b7769a3a4c

To develop a commercially viable hyperloop system, TransPod continues to build a network of global industry partners. In that network, Liebherr-Aerospace’s extensive experience in developing leading-edge technology for aircraft, rail, and automotive vehicles will guide the design of systems that have low operating costs while remaining environmentally friendly and robust.

“As TransPod’s vision and technology pave the way for hyperloop to become a reality around the world, we are continuing to expand our partner network of global industry giants who are passionate about re-imagining and improving the way we live and work,” said Sebastien Gendron, co-founder and CEO, TransPod. “Liebherr-Aerospace’s expertise and commitment to excellence has shaped technological advances in many industries, and we’re confident this partnership will propel us even closer to bringing hyperloop to life in the near future.”

“Liebherr has a long history of investing heavily into research and development of next-generation technologies,” said Francis Carla, Managing Director and CTO Air Management Systems, Liebherr-Aerospace & Transportation SAS. “TransPod’s innovative and cost-efficient designs for its hyperloop system make it an important strategic partner in our long-term vision of developing technologies of the future that will make transport greener, safer, and more comfortable.”

In November 2016, TransPod announced the closing of a seed round for $15 million USD, and is continuing to invest in research, product development and global growth. In March 2017, TransPod announced the opening of three offices in North America and Europe to accelerate the development of a commercially viable hyperloop system by 2020.

About TransPod
TransPod’s goal is to disrupt and redefine commercial transportation between major cities in developed and emerging markets. The startup was founded in 2015 to build the world’s leading hyperloop system to connect people, cities, and businesses with high-speed transportation that is affordable and environmentally sustainable. TransPod is headquartered in Toronto, Canada.
For more information, visit www.transpodhyperloop.com.

About Liebherr-Aerospace
Liebherr-Aerospace develops, manufactures and services air management, flight control / actuation systems, landing gears, gears and gearboxes as well as electronics for the aerospace industry. Liebherr provides a complete OEM customer service based on a global network with maintenance, repair and overhaul services, engineering support, documentation and spare parts as well as AOG service.

CONTACT: For more information, contact:

Dianna Lai Read
Director, Communications
TransPod Inc.
dianna.lai@TransPod.ca

TORONTO, June 20, 2017 (GLOBE NEWSWIRE) — TransPod, la startup dédiée à la création du système hyperloop le plus innovant au monde afin de redéfinir le transport commercial, a annoncé aujourd’hui un partenariat avec Liebherr-Aerospace, un important fournisseur mondial de systèmes d’air, d’actionneurs / commande de vol, de trains d’atterrissage, engrenages et boîtes de vitesses ainsi que l’électronique embarquée pour l’industrie aéronautique dans les secteurs civil et militaire. Liebherr-Aerospace soutiendra la recherche, le développement et la production de nouveaux systèmes thermiques de la cabine et du véhicule conçus spécifiquement pour le système TransPod hyperloop afin d’assurer la sécurité, l’efficacité et le confort des passagers.

Une photo accompagnant ce communiqué est disponible à http://www.globenewswire.com/NewsRoom/AttachmentNg/12a8121f-dd8f-498c-9b16-41b7769a3a4c

Pour développer un système hyperloop commercialement viable, TransPod continue de construire et se baser sur un réseau de partenaires industriels mondiaux. L’expertise de Liebherr-Aerospace dans le développement de technologies pour les véhicules aéronautiques, ferroviaires et automobiles permettra la conception d’un système thermique à faibles coûts d’exploitation tout en restant fiable et respectueux de l’environnement.

« Alors que la vision et la technologie de TransPod ouvrent la voie à l’hyperloop pour devenir une réalité dans le monde entier, nous continuons d’élargir notre réseau de partenaires avec des géants de l’industrie mondiale qui sont passionnés par l’idée de ré-imaginer et d’améliorer notre façon de vivre et de travailler », a déclaré Sébastien Gendron, co-fondateur et PDG de TransPod. « L’expertise et l’engagement de Liebherr-Aerospace ont façonné les progrès technologiques dans de nombreuses industries et nous sommes confiants que ce partenariat nous rapprochera encore un peu plus de l’hyperloop ».

« Liebherr a longtemps investi dans la recherche et le développement de technologies de prochaine génération”, a déclaré Francis Carla, Directeur Général et Directeur Technique des Système d’Air chez Liebherr-Aerospace. « L’approche innovante et intelligente de TransPod vis-à-vis de son système hyperloop en font un partenaire stratégique important dans notre vision à long terme du développement des technologies d’avenir afin de rendre les transports plus verts, plus sûrs et plus confortables ».

En novembre 2016, TransPod a annoncé la clôture d’un cycle de financement pour $15 millions USD et continue d’investir dans la recherche, le développement de produits et la croissance mondiale. En mars 2017, TransPod a annoncé l’ouverture de trois bureaux en Amérique du Nord et en Europe afin d’accélérer le développement d’un système hyperloop commercialement viable d’ici 2020.

À propos de TransPod

L’objectif de TransPod est d’innover et redéfinir le transport commercial entre les grandes villes dans les pays industrialisés et les pays en voie de développement. La startup a été fondée en 2015 afin de construire le meilleur système hyperloop dans le but de connecter la population, les villes et les entreprises, par un moyen de transport de haute vitesse qui est abordable et durable d’un point de vue environnemental. TransPod est basée à Toronto, Canada. Pour plus d’information, visitez www.transpodhyperloop.com

À propos de Liebherr-Aerospace

Liebherr-Aerospace développe, fabrique et offre des services de gestion de l’air, systèmes de commande / actionneurs de vol, trains d’atterrissage, engrenages et boîtes de vitesses ainsi que l’électronique embarquée pour l’industrie aérospatiale. Liebherr offre un service client OEM complet basé sur un réseau mondial qui fournit des services de maintenance, de réparation et de révision, de support technique, de documentation et de pièces de rechange ainsi qu’un service AOG.

CONTACT: Pour plus d’information, merci de contacter:

Dianna Lai Read
Director, Communications
TransPod Inc.
dianna.lai@TransPod.ca

HIGHLIGHTS INCLUDE:
Fifteen Mile Stream: 31m @ 2.42 g/t from 90m, 18m @ 4.36g/t from 96m, 6m @ 15.3 g/t from 34m

Cochrane Hill: 6m @ 10.1 g/t from 107m, 14m @ 15.4g/t from 55m (incl 1m @ 199.5g/t), 7m @ 9.6g/t from 169m

IDENTIFYING EXTENSIVE BROAD ZONES OF SHALLOW MINERALIZATION AT FIFTEEN MILE STREAM AND DEPTH EXTENSIONS AT COCHRANE HILL

VANCOUVER, British Columbia, June 20, 2017 (GLOBE NEWSWIRE) — Atlantic Gold Corporation (TSX-V:AGB) (“Atlantic” or the “Company”) is pleased to report assay results received from core drilling programs on the Fifteen Mile Stream and Cochrane Hill gold deposits where resource definition drilling on 25m x 20m centres is nearing completion with the objective of upgrading resources to measured and indicated categories. At Fifteen Mile Stream assay results through the core of the anticline in the Egerton MacLean zone continue to return notable intersections in terms of width, grade and relatively shallow depth. Total widths of significantly mineralized intervals intersected in hole FMS-17-150 (see table below) aggregate to 78m @ 2.61g/t commencing from 16m depth and in adjacent hole FMS-17-149 aggregate to 84m @ 1.76g/t starting at 18m depth. In addition, mineralized intersections are recorded elsewhere across the anticline (eg. 9m @ 8.06g/t from 63m in FMS-17-162 on the southern limb, 18m @ 4.36g/t from 96m in FMS-17-129 on the northern limb and 6m @ 15.3g/t from 34m in FMS-17-141 in the core).

The Company plans to use the results from the drill programs to undertake further analysis to determine the economic viability of the above-noted deposits which would include analysis of the economics of processing these deposits at the Moose River Consolidated (“MRC”) milling facility by way of a Pre-Feasibility Study.

New assay results from the two drilling programs are reported as follows:

1. FIFTEEN MILE STREAM

Fifteen Mile Stream is located approximately 57km northeast of the central milling facility at Touquoy and is readily accessible by highway. Fifteen Mile Stream’s current inferred mineral resources stand at 11.72 million tonnes at 1.55 g/t Au for 584,000 oz. The drilling program has now been completed with 191 holes for 23,424m having been drilled. New assay results reported herein are from a further 33 holes with assays pending from the final 32 holes of the program.

Drilling Results:

The additional assay drill results continue to reflect those grades, widths and geometry of gold mineralization documented from the 1980s and 2011 drilling programs which support the current inferred resource estimate (see below). Mineralization occurs within argillites, greywackes and bedding-parallel quartz veins across the hinge zone and limbs of the E-W trending Fifteen Mile Stream (FMS) Anticline. The northern limb of the anticline dips moderately north, with the southern limb vertical to overturned (generally steeply north dipping). All holes are therefore declined to the south at various dips and hence true widths vary (see assay table below) depending on which limb of the anticline is intersected, and also depending on hole inclination or declination. Free gold is commonly observed, and in association with pyrrhotite and arsenopyrite.

Results continue to be received from a suite of holes drilled across the hinge zone of the anticline in the central part of the main Egerton MacLean zone.  Notable new intersections in terms of width, grade and relatively shallow depth continue to be returned from positions within the hinge zone, or core, of the anticline as well as the two limbs. Using the descriptive product of grade and down-hole width there are over a dozen composite intersections with grade x width in excess of 40 gram metres per tonne and many of these are near surface commencing at vertical depths of less than 50m.

These shallow and widespread mineralized intersections across the limbs and core of this sub-horizontal anticlinal hinge zone are considered to be highly encouraging in the context of potential open pit extraction.

The accompanying cross sections and drilling progress plan can be viewed here: 

http://www.globenewswire.com/NewsRoom/AttachmentNg/1486b7a4-d850-4731-85d8-0b4658a65aa0

Results subsequent of those previously released are tabulated below. Previous results can be found here: February 10, 2017, March 1, 2017, March 16, 2017, April 3, 2017, May 1, 2017 and May 24, 2017.

True width of the mineralization varies according to the dip of the host stratigraphy and declination of the relevant drill hole. It is therefore noted for each intersection in the table above. Particularly in the Egerton-Maclean zone hole collars are necessarily located to minimise, though not entirely avoid, ingress to wetland areas and as a result hole declinations are adjusted to compensate for collar positioning. In many cases holes are drilled at different declinations from the same site. Sample distribution is not materially compromised.

The current resource estimate for Fifteen Mile Stream is as follows:

The Mineral Resource estimate for Fifteen Mile Stream is quoted at a cut-off grade of 0.5g/t. It has an effective date of February 16, 2015 and was prepared as part of a technical report in accordance with NI 43-101 by Mr. Neil Schofield, a principal of FSSI (Australia) Pty Ltd, released on April 2, 2015 on SEDAR.

2. COCHRANE HILL

The Cochrane Hill Gold deposit is located within trucking distance (approximately 80km) to the central milling facility at Touquoy and is readily accessible by highway (based on a Preliminary Economic Assessment dated October 14, 2014 prepared by Moose Mountain Technical Services). Mineral resources at Cochrane Hill currently comprise indicated resources of 4.5 million tonnes at 1.8g/t Au for 251,000 oz. and inferred resources of 5.6 million tonnes at 1.6 g/t Au for 298,000 oz.

New assay results reported herein are from a further 30 holes of the resource definition diamond drilling program. This program was completed at the end of April with a total of 177 core holes for 26,575m having been drilled. The latter phase of the program targeted potential extensions of mineralization – mainly to the west of the main body of mineralization, west of the step out holes on section 2775E across highway #7, and at depth in the central part of the deposit.  

Drilling Results:

These new assay results come mostly from west of the main body of mineralization. They continue to reflect the trend and geometry of the main zone – a fairly predictable and continuous tabular body dipping about 70^o to the north with a true width of approximately 15-20m – though in places with varying widths of included internal dilution.  Mineralization attenuates west of the highway #7 (around 2750E) though it remains open to the east as indicated, for example, by hole CH-17-155 on the easternmost section (3500E) which intersected 14m @ 1.89g/t from 82m depth.

The accompanying cross sections and drilling progress plan can be viewed here:

http://www.globenewswire.com/NewsRoom/AttachmentNg/123eac39-bcb9-405d-9883-cc0934129230

Results subsequent to those previously released are tabulated below.  Previous results can be found here: Dec 6, 2016, Jan 3, 2017, Jan 11, 2017, Feb 2, 2017, May 1, 2017 and May 24, 2017.

*Wholly or partly includes 50g fire assay on pulverised whole-sample. All other assays in these particular holes are screen fire assays.

NSA: No significant assays.

True width of the mineralization is approximately 75-85% of the down-hole width depending on dip of the drill hole.

The current resource estimate for Cochrane Hill is tabulated below:

The Mineral Resource estimate for Cochrane Hill is quoted at a cut-off grade of 0.5g/t. It has an effective date of August 1, 2014 and was prepared as part of a technical report in accordance with NI 43-101 by Mr. Neil Schofield, a principal of FSSI (Australia) Pty Ltd, released on August 14, 2014 on SEDAR.

Technical Disclosure

Fifteen Mile Stream
At Fifteen Mile Stream all assays by default are 50g charge fire assays conducted on whole-sample pulverized 1m samples of sawn, half NQ core with 1-in-10 duplicate assays and insertion of standards and blind blanks. However for holes FMS-17-138 and following, the more conventional preparation procedure of crushing the entire sample to P₇₀ 2mm and pulverizing a 1000g split to P₈₅ 75µm (instead of pulverizing the whole sample) for 50g charge fire assay, was adopted. Following program completion a subset of these samples will be whole-sample pulverized (by pulverizing the coarse reject and adding to the pulp) for duplicate comparison. Sample preparation and assaying is conducted at the Sudbury and Vancouver laboratories of ALS Canada Ltd, an entity having no other relationship with the Company.  Core recovery is estimated for each metre and averages >97%, excluding occasional voids, usually <2m, representing historic underground workings. Wing samples to voids may be less than 1m to re-establish routine sampling on 1m intervals. Drill core in the hangingwall of the northern limb of the anticline where adjacent historic holes very clearly indicate this upper stratigraphy to be barren may not be sampled and assayed. Standards, blanks and duplicate assay results are acceptable.

Cochrane Hill
All core drilled at Cochrane Hill is assayed. All assays have been conducted on 1m whole-sampled pulverized samples of sawn, half NQ core and, where mineralization is expected, assayed by total sample screen fire assay with 2x fines fire assays, and insertion of standards and blind blanks. In the hangingwall and footwall of expected mineralization samples are assayed by 50g charge fire assay with any mineralized samples (generally >0.5g/t), and adjacent samples as appropriate, returned for screen fire assay. Sample preparation and assaying is conducted at the Sudbury and Vancouver laboratories of ALS Canada Ltd, an entity having no other relationship with the Company.  With almost 600 such fire assayed samples having now also been screen fire assayed it is apparent that correlation of these duplicate assay results is sufficiently close to warrant ongoing assaying by fire assay alone. This methodology is being applied to samples from the final 42 drill holes (CH-17-182 onwards, except CH-17-185). Core recovery is estimated for each metre and averages >98%.  Standards and blanks assay results are acceptable.

Results and updates from this drilling program will be reported progressively.

Wally Bucknell, Director of Exploration to the Company and a Qualified Person as defined by National Instrument 43-101 (“NI 43-101″) has reviewed and approved the contents of this news release.

Further updates will be provided in due course and as new results come to hand.

On behalf of the Board of Directors,

Steven Dean
Chairman and Chief Executive Officer

For further information about Atlantic, please contact:

Maryse Bélanger (COO)
+1 604 689-5564

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.

Forward-Looking Statements:
This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements and information are not historical facts, are made as of the date of this press release, and include, but are not limited to, statements regarding discussions of future plans, guidance, projections, objectives, estimates and forecasts and statements as to management’s expectations with respect to, among other things, the activities contemplated in this news release and the timing and receipt of requisite regulatory, and shareholder approvals in respect thereof. Forward-looking statements in this news release include, without limitation, statements related to proposed exploration and development programs, grade and tonnage of material and resource estimates. These forward looking statements involve numerous risks and uncertainties and actual results may vary. Important factors that may cause actual results to vary include without limitation, the timing and receipt of certain approvals, changes in commodity and power prices, changes in interest and currency exchange rates, risks inherent in exploration estimates and results, timing and success, inaccurate geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources), changes in development or mining plans due to changes in logistical, technical or other factors, unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications, cost escalation, unavailability of materials, equipment and third party contractors, delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), political risk, social unrest, and changes in general economic conditions or conditions in the financial markets. In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, the assumptions that: (1) market fundamentals will result in sustained gold demand and prices; (2) the receipt of any necessary approvals and consents in connection with the development of any properties; (3) the availability of financing on suitable terms for the development, construction and continued operation of any mineral properties; and (4) sustained commodity prices such that any properties put into operation remain economically viable. Information concerning mineral reserve and mineral resource estimates also may be considered forward-looking statements, as such information constitutes a prediction of what mineralization might be found to be present if and when a project is actually developed. Certain of the risks and assumptions are described in more detail in the Company’s audited financial statements and MD&A for the year ended December 31, 2016 and the unaudited financial statements and MD&A for the three months ended March 31, 2017 on the SEDAR website at www.sedar.com. The actual results or performance by the Company could differ materially from those expressed in, or implied by, any forward-looking statements relating to those matters. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of the Company. Except as required by law, the Company is under no obligation, and expressly disclaim any obligation, to update, alter or otherwise revise any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

TORONTO, June 20, 2017 (GLOBE NEWSWIRE) — Crowdmatrix Inc., an online alternative investment platform, now provides investors with access to high growth private technology companies through the Plaza Ventures Fund IV venture capital fund.  Traditionally, becoming an investor in a venture capital fund requires a six-figure minimum buy in; however, Crowdmatrix’s platform enables accredited investors to invest much smaller amounts to diversify their portfolios into private equity.

Plaza Ventures has a disciplined investment system focused on private technology companies requiring growth stage funding. Plaza Ventures was launched in 2009 by Plazacorp, one of Toronto’s largest and most respected condo developers. Plaza Ventures is currently raising its fourth microfund, which will target investments in growth stage technology companies with commercial traction and metrics driven teams.  Part of the fund will also be allocated to potential follow on investments in existing portfolio companies which includes Q4 Web Systems (a leading cloud based investor relations system used by Fortune 500 companies), Miovision Technologies (smart city technology using intelligent video to reduce traffic congestion) and StackAdapt (one of the world’s largest demand-side native advertising platform).

Rubsun Ho, CEO of Crowdmatrix, noted, “By offering Plaza Ventures and other private equity funds on our site, we hope that opening up the asset class to smaller investors will generate interest and mobilize previously untapped capital into the Canadian technology ecosystem.  Although there has been a 113 percent increase in venture capital investments in Canada over the last five years, most individual investors have been shut out of participating in this growth.”

Crowdmatrix is an online platform that facilitates investor access to alternative investments, providing diversification opportunities typically not found in public company investments.  A registered Exempt Market Dealer in various jurisdictions across Canada, Crowdmatrix profiles vetted private equity companies and investment funds managed by experienced managers. All investments have risk and past performance is not necessarily indicative of future performance.

For additional information please visit crowdmatrix.co or contact:

J.S. (Sandy) Hershaw CFA MBA BSc(Eng)
Director, Capital Markets, Crowdmatrix
sandy@crowdmatrix.co

CALGARY, Alberta, June 20, 2017 (GLOBE NEWSWIRE) — Pinkwood Ltd., a leading manufacturer of fire rated I-joists, is pleased to announce that it partnered with independent third party provider, Intertek, for testing and certification on its full line of I-joists.

Bradley Parsons, President of Pinkwood, commented “We are absolutely delighted to be working with Intertek.  The ETL Mark, Intertek’s certification mark, provides our customers and building officials the assurance that our products meet or exceed all appropriate standards.  Intertek is also well known for its expertise in fire testing and fire performance.  Their fire expertise provides our customers and building officials with another layer of comfort.”

Intertek is a trusted provider of quality and safety services for many of the world’s leading brands and companies.  Through Intertek’s global network of state-of-the-art facilities and industry-leading technical expertise they provide innovative and customized Assurance, Testing, Inspection and Certification services to customers.

For more information on Pinkwood Ltd. please visit www.pinkwood.ca or for more information on Intertek Testing Services please visit www.intertek.com.

CONTACT: Contact: Bradley Parsons, P.Eng.
(403) 279-3700
www.pinkwood.ca

CALGARY, Alberta, June 20, 2017 (GLOBE NEWSWIRE) — Builders Capital Mortgage Corp. (the “Company”) (TSXV:BCF) announced today that its board of directors has declared a distribution of $0.1995 per Class A Non-Voting share of the Company.  The distribution will be paid on July 31, 2017 to holders of Class A Non-voting shares of record on June 30, 2017.

The amount of the distribution is equivalent to approximately $0.80 per Class A Non-Voting share, or 8% on the original $10.00 issue price, per annum prorated for the 91 day period from April 1, 2017 to June 30, 2017.

For further information, please contact:

John Strangway, Chief Financial Officer
Telephone: (403) 685-9888

Builders Capital Mortgage Corp.
Suite 405, 1210 – 8th Street SW
Calgary, Alberta T2R 1L3

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.

OKOTOKS, Alberta, June 20, 2017 (GLOBE NEWSWIRE) — The Board of Directors of Mullen Group Ltd. (TSX:MTL) (“Mullen Group” and/or the “Corporation“) announced today that it has declared a monthly dividend of $0.03 per Common Share payable to the holders of record of Common Shares at the close of business on June 30, 2017.  The dividend will be paid on July 17, 2017. 

For Canadian resident shareholders, this dividend is designated as an “eligible dividend” for purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation.

Mullen Group is a company that owns a network of independently operated businesses.  The Corporation is recognized as one of the leading suppliers of trucking and logistics services in Canada and provides a wide range of specialized transportation and related services to the oil and natural gas industry in western Canada - two sectors of the economy in which Mullen Group has strong business relationships and industry leadership.  The corporate office provides management and financial expertise, technology and systems support, shared services and strategic planning to its independent businesses.

Mullen Group is a publicly traded corporation listed on the Toronto Stock Exchange under the symbol “MTL“.  Additional information is available on our website at www.mullen-group.com or on SEDAR at www.sedar.com.

For further information, please contact:

Mr. Murray K. Mullen – Chairman of the Board, Chief Executive Officer and President
Mr. P. Stephen Clark – Chief Financial Officer
Mr. Richard J. Maloney – Senior Vice President

121A – 31 Southridge Drive
Okotoks, Alberta, Canada   T1S 2N3
Telephone:  403-995-5200
Fax:  403-995-5296

VANCOUVER, B.C., June 20, 2017 (GLOBE NEWSWIRE) — Nickel North Exploration Corp. (TSX-V:NNX) (the “Company” or “Nickel North”) announces that following the Annual General Meeting held on June 16, 2017, Ge (Anna) Mao and Walter Coles, Jr. retired from the board of the Company as they did not stand for re-election. The Company wishes to sincerely thank Ms. Mao and Mr. Coles for their tremendous contribution over the years. The Company also is pleased to announce that Mr. Zhijun He and Nick Watters were elected as new directors of the Company at the Annual General Meeting to replace Ms. Mao and Mr. Coles. 

Dr. Zhijun He is a professional geologist with over 20 years of experience in geological research, mineral exploration and geological service.  He holds a PhD degree in Petrology and Economic Geology from China University of Geosciences (Beijing) and is a member of AusIMM. Dr. He is the winner of the 11^th Silver Hammer Prize in Geological Science awarded by Geological Society of China, and has won several provincial and ministerial Technology Awards for mineral exploration and scientific research, including two First Prizes of the Prospecting Achievement Award from China Nonferrous Metals Industry Association. He currently serves as Deputy General Manager of Sinotech Minerals Exploration Co., Ltd. (“Sinotech”) and holds the positions as director or supervisor for six major subsidiaries of Sinotech. Dr. He has been guiding the exploration and has pioneered the market development of geological service in China, Asia, Canada and Africa, and has led the discoveries of several large-sized multi-metallic deposits for clients of Sinotech in Africa.

Mr. Watters is a co-founder of several successful mining enterprises. He has been an integral part of raising nearly $260 million for various start-up and development opportunities in his career and has been part of a team that have brought several projects from initial discoveries to full development situations. Beginning in the corporate communications field, he has worked with several public and private companies in a wide variety of sectors including mining, high-tech and the biotech industries. Mr. Watters helped create the corporate identities for a number of small start-ups as well as heading up their corporate communications departments. Mr. Watters is currently the Director of Business Development for East Africa Metals Inc. as well as serving as a director to other public companies. He has been the President of his private investment company, Talisman Venture Partners, since 1999.

On behalf of Nickel North Exploration Corp.

“SIGNED”
Andrew Lee Smith, Interim President and CEO

About Nickel North Exploration Corp.
Nickel North Exploration is a Canada-based exploration company focused on defining a Cu-Ni-PGE mineral resource at its Hawk Ridge Project in Northern Québec. The board of directors, advisor committee and management team are experienced, successful mine finders. The property consists of a 50 km long belt of magmatic Cu-Ni-PGE occurrences covering 30,658 hectares. The project is located near tidewater. Québec is a mining friendly jurisdiction. Nickel North Exploration is a conscientious corporate citizen maintains good relations with local Inuit communities and is committed to sustainable development. For more information on the company, please visit www.nickelnorthexploration.com.

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. 

CONTACT: Nickel North Exploration Corp. 
NNX | TSX Venture Exchange
www.nickelnorthexploration.com
info@nickelnorthexploration.com

VANCOUVER, British Columbia, June 20, 2017 (GLOBE NEWSWIRE) — Bluestone Resources Inc. (TSX VENTURE:BSR) (“Bluestone” or the “Company”) is pleased to announce the Company’s common shares will recommence trading on the TSX Venture Exchange at the opening of market on June 22, 2017.

Further to the Company’s press releases dated June 8, 2017 and June 16, 2017, the Company has completed all matters relating to the acquisition of the Cerro Blanco and Mita projects from Goldcorp and related financings including the issuance of the following securities effective June 20, 2017:

(a)  53,333,333 common shares upon the exercise of the 53,333,333 previously issued subscription receipts;

(b)  2,522,699 units (each consisting of one share and one half warrant) upon conversion of the previously issued $3,829,075 principal amount of convertible notes;

(c)  3,099,160 common shares to Goldcorp Inc. upon the exercise of special warrants previously issued to Goldcorp in connection with the acquisition of the Cerro Blanco and Mita projects;

(d)  4,935,000 incentive stock options exercisable for three years at a price of $1.50 per share; and

(e)  500,000 common shares upon closing of the previously announced private placement at $1.50 per share, for gross proceeds of $750,000 raised for general working capital purposes, which shares are subject to a Canadian securities law resale restriction period expiring October 21, 2017.

Upon recommencement of trading, the Company will have 63,748,146 common shares, 5,281,723 warrants and 4,935,000 incentive stock options outstanding. 

On behalf of the Board

Bluestone Resources Inc.
John Robins, Chairman and Chief Executive Officer

For further information, contact:
John Robins at (604) 657-6226

Forward Looking Statements

Certain information set forth in this news release contains “forward-looking statements”, and “forward- looking information” under applicable securities laws.  All statements, other than those of historical fact, which address activities, events, outcomes, results or developments that the Company anticipates or expects may, or will occur in the future (in whole or in part) should be considered forward-looking statements and can generally be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved or has the potential to”. Forward-looking statements contained in this press release include: future performance based on current results; expected cash costs; and estimates of Cerro Blanco economics, including estimates of capital costs of constructing mine facilities and bringing a mine into production and of sustaining costs, net present value and proposed production timelines and rates.  Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statement. These risks and uncertainties include, but are not limited to: liabilities inherent in mine development and production; geological risks; the financial markets generally; risks and uncertainties related to expected production rates, timing and amount of production and total costs of production; risks and uncertainties related to the accuracy of mineral resource estimates and of future production, future cash flows, total costs of production and diminishing quantities or grades of mineral resources; risks associated with geopolitical uncertainty and political and economic instability in Guatemala; and changes in laws and regulations, including, without limitation, the adoption of new environmental and tax laws and regulations and changes in who they are interpreted and enforced.  The Company cautions that the foregoing list of assumptions, risks and uncertainties is not exhaustive.  There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Any forward-looking statement speaks only as of the date on which it was made, and the Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

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

CALGARY, Alberta, June 20, 2017 (GLOBE NEWSWIRE) — Critical Control Energy Services Corp. (“Critical Control” or the “Corporation”) (TSX:CCZ) is providing an important update to the proposed plan of arrangement (the “Plan of Arrangement”), the details of which are contained in the information circular dated May 26, 2017 (the “Information Circular”) mailed to all shareholders of record as of May 25, 2017 for the Corporation’s Annual and Special Meeting of Shareholders to be held on June 29, 2017.

Under the proposed Plan of Arrangement, all registered shareholders must return a properly completed Letter of Transmittal and Election Form to Computershare Trust Company of Canada in accordance with the instructions contained therein prior to the Election Deadline of 10:00 am (Mountain Standard Time), June 27, 2017.

Any shareholder who holds their common shares in a brokerage account, must contact their broker to advise their election such that the broker can complete the Letter of Transmittal and Election Form on their behalf prior to the Election Deadline.

Shareholders may either elect to:

• exchange all or a portion of their Common Shares for a new series of Preferred Shares on the basis of 0.0775 Preferred Share for each Common Share held (the “Share Exchange”), up to the aggregate maximum of 29,992,500 Common Shares (the “Maximum Conversion Shares”), subject to proration; or
   
• exchange none of their Common Shares into Preferred Shares (the “Status Quo Election”).

No fractional Preferred Shares will be issued; the nearest whole number of Preferred Shares will be issued, with fractions equal to 0.5 or more being rounded up.

Shareholders who elect to make a Share Exchange and who would receive fewer than 100 Preferred Shares on the exchange of their tendered Common Shares will receive a cash payment of $0.155 per tendered Common Share (the “Cash Consideration”).

Shareholders who fail to submit a Letter of Transmittal and Election Form and who hold 1,290 or fewer Common Shares will automatically receive the Cash Consideration (the “Minor Shareholders”).

If fewer than the Maximum Conversion Shares are voluntarily tendered for exchange pursuant to the Share Exchange, all of the Common Shares of holders who either: (i) failed to submit a Letter of Transmittal and Election Form (other than Minor Shareholders); or (ii) failed to validly make the Status Quo Election for all of their Common Shares (“Non-electing Shareholders”), will be exchanged for Preferred Shares on a pro rata basis until the Maximum Conversion Shares limit is reached (the “Automatic Share Conversion”).

If an Automatic Share Conversion is required, Non-electing Shareholders who receive fewer than 100 Preferred Shares on the pro rata exchange of their Common Shares will receive the Cash Consideration and will not receive Preferred Shares. If a Non-electing Shareholder receives the Cash Consideration, its redeemed Common Shares are excluded for the purpose of calculating the Maximum Conversion Shares.

If a registered Shareholder does not want to be subject to the Automatic Share Conversion, they must ensure that Computershare Trust Company of Canada receives their Letter of Transmittal and Election Form prior to the Election Deadline.

About Critical Control

Critical Control provides solutions for the collection, control and analysis of measurement and operational data related to oil and gas wells across North America.  We provide services to capture the data, cloud-based software to visualize and manage it and the business intelligence to make quicker and more informed operational decisions.

For further information

Alykhan Mamdani
President & CEO
Tel (403) 705-7500

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking information generally refers to disclosure about an issuer’s business, capital, or operations that is prospective in nature, and includes future-oriented financial information about the issuer’s prospective financial performance or financial position.

The forward-looking information in this press release relates to the proposed terms of the Plan of Arrangement. No assurance can be given that the Plan of Arrangement will close on these terms or that the Plan of Arrangement will close at all. Actual results could differ materially from those anticipated in this press release due to prevailing economic conditions, failure to obtain the requisite regulatory and security holders approvals, and other factors, many of which are beyond the control of the Corporation.

The Corporation assumes no obligation to update or revise the forward-looking information in this press release, unless it is required to do so under Canadian securities legislation.

CALGARY, Alberta, June 20, 2017 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT Energy” or the “Company”) (TSX:SFD) (OTCQB:NSFDF) announces that following a request from the TSX, the previously stated intention to seek shareholder approval to extend the expiry date of certain stock options at the Annual and Special General Meeting of Shareholders on June 21^st, has been withdrawn.  Approval for the resolution will no longer be sought.

NXT Energy is a Calgary based company whose proprietary Stress Field Detection (“SFD^®“) survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used both onshore and offshore to remotely identify areas with exploration potential for traps and reservoirs.  The SFD^® survey system enables our clients to focus their hydrocarbon exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential.  SFD^® is environmentally friendly and unaffected by ground security issues or difficult terrain, and is the registered trademark of NXT Energy Solutions Inc.  NXT Energy provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.

Forward-Looking Statements

This news release may include forward-looking statements. When used in this document, words such as “intends”, “plans”, “anticipates”, “expects” and “scheduled”, are forward-looking statements. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized.  Any number of factors can cause actual results to differ materially from those in the forward-looking statements.  Risk factors facing NXT Energy are described in its most recent MD&A for the year ended December 31, 2016 which has been filed electronically by means of the System for Electronic Document Analysis and Retrieval (“SEDAR”) located at www.sedar.com.  Such forward-looking statements are made as at the date of this news release, and the Company assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances, except as may be required under applicable securities law.                                                

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) nor the OTC QB Markets accept responsibility for the adequacy or accuracy of this release.

CONTACT: For further information, please contact:

Bev Stewart
V-P Finance & CFO
NXT Energy Solutions Inc.
403-206-0807
nxt_info@nxtenergy.com
www.nxtenergy.com

Kin Communications
Investor Relations
1-866-684-6730 / 604-684-6730
sfd@kincommunications.com