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Altiplano Minerals Ltd. Samples 25 Au g/t over 1.6m at Maria Luisa

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VANCOUVER, British Columbia, June 21, 2017 (GLOBE NEWSWIRE) — Altiplano Minerals Ltd. (TSX-V:APN) (OTCQB:ALTPF) (FWB:9AJ1) (“APN” or the “Company”) is pleased to announce that the Comet Joint Venture (CJV) has commenced fieldwork at its Maria Luisa Project, approximately 100 km north of La Serena, Chile, while continuing to advance underground development work at its Farellon Iron Copper Gold Vein system.

Prior to establishing the underground development work at Maria Luisa, the CJV had commenced field work comprised of flying property-wide Digital Elevation Mapping (DEM) using drone aerial surveying, surface and underground surveying, geological mapping and sampling. Underground sampling conducted to date has identified sections of higher grade gold that assay up to 25g Au/t across 1.6m in chip samples at the 826 Level.     

At the Farellon Deposits, the CJV will be conducting DEM aerial surveying prior to level surveying within the Laura and the Rosario vein systems in preparation for additional fieldwork prior to development. At present, the Farellon decline has advanced over 255m and underground diamond drilling is ongoing. The underground ventilation fan at Farellon has been installed and is currently being commissioned.  

CEO John Williamson stated, “We are encouraged by the recent sampling results at Maria Luisa and both the results and progress at Farellon. We anticipate the pace at which we are progressing to continue and likely increase over the coming months.”

About Altiplano

Altiplano Minerals Ltd. (TSX‐V:APN) is a mineral exploration company focused on evaluating and acquiring projects with significant potential for advancement from discovery through to production, in Canada and abroad.  Management has a substantial record of success in capitalizing opportunity, overcoming challenges and building shareholder value.  Additional information concerning Altiplano can be found on its website at www.altiplanominerals.com.

ON BEHALF OF THE BOARD

/s/ “John Williamson”
President and CEO

Tel: (780) 437-6624

For further information, please contact:
Lisa May, Investor Relations
lisam@altiplanominerals.com
Tel: (778) 288-2737

Renmark Financial Communications Inc.
Laura Welsh: lwelsh@renmarkfinancial.com
Tel.: (416) 644-2020 or (514) 939-3989
www.renmarkfinancial.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.

This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedar.com.


VR Resources Completes IP Survey at the Bonita Copper-Gold Property, Nevada

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VANCOUVER, British Columbia, June 21, 2017 (GLOBE NEWSWIRE) — VR Resources Ltd. (TSX.V:VRR) (FSE:5VR), the “Company“, or “VR”, is pleased to announce that it has completed its spring surface exploration program at its wholly owned Bonita copper-gold property located in northwestern Nevada, USA, including an induced polarization (IP) ground geophysical survey over all 8 priority targets.  The results are positive and the Company continues to develop plans for a first pass diamond drill program at Bonita this summer.

Photos accompanying this announcement are available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/ad71a732-abaa-4439-a1be-d170624ddb20

http://www.globenewswire.com/NewsRoom/AttachmentNg/8ca1e3bc-87ae-469d-82a0-18eb8486d1d4

The Company has completed a six-week surface exploration at Bonita. Work includes:

  • Geological mapping: 1:5,000 scale, 4 weeks, 7 x 7 kilometre area;
  • Rock Geochemistry: 14 samples (96 rock samples collected in 2015 & 2016);
  • Soil Geochemistry: 206 samples on 5 lines (541 samples on 13 lines collected in 2015 & 2016);
  • Geochronology: 1 sample, syenite (1 gabbro and 1 granite sample collected in December 2016;
  • IP; 7 lines, 16 line-kilometres, 150 & 200 m dipole spacing, dipole-dipole array

The Bonita property is large, encompassing a district of historic copper, gold and iron workings (see “satellite image” at www.vrr.ca).  The showings are unified by a single, district-scale hydrothermal system with a large, mappable alteration footprint covering the entire property, within which copper sulfide and gold mineralization has been sampled by VR over an area of about 4 x 5 kilometres (see “copper grab samples” at www.vrr.ca). 

IP surveys are an important exploration tool for copper-gold porphyry systems; they map chargeable sulfide bodies and resistive alteration facies in buried porphyry copper systems.  VR has identified 8 integrated and specific targets for buried porphyry copper stocks within the overall hydrothermal system at Bonita over the past 2 ½ years of exploration, and this IP survey has confirmed and refined all eight previously established targets (see “IP target map” at www.vrr.ca).  On the “IP target map”:

  • The red circles on the individual IP lines delineate chargeability anomalies associated with integrated magnetic low and gravity low anomalies;
  • The yellow circles on the individual IP lines delineate chargeability anomalies associated with high magnitude gravity high anomalies;

IP results are being used to refine and prioritize drill targets. The Company looks forward to providing further updates as plans for a summer drill program advance. 

About the Bonita Property

The Bonita property is located in Humboldt County in northwestern Nevada, USA, approximately 200 km northeast of Reno, and 75 km northwest of the town of Winnemucca. 

The Bonita property is large, consisting of one contiguous block of 429 claims totaling 3,586 ha (8,862 acres), covering an area of approximately 5 x 6 kilometres (see satellite-based image at www.vrr.ca ).  The property was acquired by staking, and is owned 100% by VR, free and clear of any interests or royalties.  There are no government-required exploration expenditures.  VR has conducted successive exploration programs at Bonita over the past 2 ½ years (see “work programs summary” at www.vrr.ca).

There is very good road access both to, and within, the Bonita property.  Further, there is a national railroad and state power line approximately 20 kilometres to the south.  Bonita is located in desert-like basin and range physiography, affording nearly year-round working conditions.  Vegetation is sparse, and there are no towns or settlements near the property.

Technical information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, and reviewed on behalf of the Company by Dr. Michael Gunning P.Geo., a non-independent Qualified Person.

About VR Resources

VR Resources Ltd. (“VR”) is a new listing in the junior exploration space (TSX.V:VRR) (Frankfurt:5VR).  The diverse experience and proven track record of its Board in early-stage exploration and discovery is the foundation of VR. The Company is focused on discovering and delineating large deposits in the western United States.  VR is the continuance of 4 years of active exploration in Nevada by a Vancouver-based private exploration company.  VR is well financed for a two year exploration strategy already in-place, including first-pass drilling of its core asset, the Bonita Property.  VR owns its exploration assets outright, and will evaluate new opportunities on an ongoing basis, whether by staking or acquisition.

ON BEHALF OF THE BOARD OF DIRECTORS:

“Michael Gunning”

________________________
Michael Gunning, PhD, PGeo
President & CEO

Forward Looking Statements

This press release contains forward-looking statements.  Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to future events.  Forward looking statements in this release include but are not limited to references to a two-year exploration strategy; first-pass drilling of its core asset and the acquisition of new assets.  Although the Company believes that the use of such statements is reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.  The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward-looking statements.  Trading in the securities of the Company should be considered highly speculative. All of the Company’s public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials.

Neither the 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 general information please use the following:
Website: www.vrr.ca
Email: info@vrr.ca
Phone: 604-262-1104

Renmark Financial Communications Inc.
Barry Mire, Account Manager for VR:
E-mail: bmire@renmarkfinancial.com
Tel.: (416) 644-2020  or  (514) 939-3989
Website: www.renmarkfinancial.com

Frontier College launches free literacy camps to 8,000 First Nation, Métis, and Inuit children this summer

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TORONTO, June 21, 2017 (GLOBE NEWSWIRE) — As the school year draws to an end, national literacy organization Frontier College is preparing to keep young minds active over the summer. Beginning in July, Frontier College will offer free literacy camps to over 8,000 children aged 5–15 in more than 140 Indigenous communities across Canada. The camps, now in their twelfth year, began in Northern Ontario in an effort to support student success and reduce summer learning loss, which can occur if children do not use their reading and writing skills between school years. This summer, literacy camps will be offered in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Labrador, Yukon, and Nunavut.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4de6a8c1-e87e-4705-938b-96e1850141b0

Research shows that students who participate in summer learning activities can gain an academic advantage, while summer learning loss can put students further behind when they return to school in the fall. It is recommended that young students should read for a minimum of 15 minutes a day and older students should read five or more books over the summer. Frontier College’s research and evaluation data shows that its campers spend an average of 61 minutes reading each day and that 85% of teachers and educators surveyed noticed positive differences in the attitudes and school performance of students who attended camp last summer.

The camps will employ over 350 young adults, many of whom are hired from the host communities. With the support of camp counsellors, Elders, parents, and community members, campers will expand their vocabularies and increase their love of reading through storytelling, group reading, arts and crafts, writing, and field trips. The camps also build community bonds and encourage a shared culture of literacy and learning that benefits the whole community. Frontier College will also distribute over 25,000 new books to campers and communities this summer. Often, these are the first books campers will bring home to build their personal library.

“We know how important it is to keep kids learning during the summer months, to ensure they return to school confident and ready to succeed in the school year ahead. Working in partnership with Indigenous communities, Frontier College is proud to play a part in building literacy and numeracy skills among children and youth across Canada,” said Stephen Faul, President and CEO, Frontier College.

The camps have become fixtures in the communities and receive broad support from parents, community members, leaders, and educators. “Many of our students take advantage of camp every summer and benefit from it in terms of enhancing their reading as well as cultivating their enquiring minds. The camp is a valued complement to our education programming,” explains Bill Sainnawap, Director of Education at Kitchenuhmaykoosib Inninuwug in Ontario.

Frontier College began offering Summer Literacy Camps in Indigenous communities in 2005, following the vision of former Lieutenant Governor of Ontario, James K. Bartleman. To date, over 50,000 children and youth have attended camp and created lasting summer memories. TD Bank Group is a lead national supporter, and the camp program is funded by governments, corporate donors, foundations, public sector unions and institutions, and Indigenous communities.

About Frontier College

Frontier College is Canada’s original charitable literacy organization. Founded in 1899, Frontier College recruits and trains volunteers to deliver literacy programs to children, youth and adults in communities across the country. Frontier College helps Canadians improve their literacy and increase their opportunities. www.frontiercollege.ca

CONTACT: Contact:
                         
Meredith Roberts
Frontier College 
416-923-3591 ext. 324 
416-624-6778 cell
mroberts@frontiercollege.ca

MX Gold Corp. Accelerates Payment and Acquires 50% Share Ownership in Mexican Company Holding IDS Smelter Project

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VANCOUVER, British Columbia, June 21, 2017 (GLOBE NEWSWIRE) — MX Gold Corp. (TSX-V:MXL) (FSE:ODV) (OTCQX:MXLGF) (the “Company” or “MX Gold”) is pleased to announce that, further to its February 13th and April 28th news releases, the Company has paid the remaining amounts due totaling US$450,000 to American Metal Mining S.A. de C.V. as required under the Framework Agreement dated February 6, 2017, as amended, thereby acquiring 50% of the shares of Inversiones Durango San Luis S.A. de C.V., a private Mexican corporation, that holds the IDS Project. As stated in the April 28, 2017 news release, the IDS Project consists of a past producing gold smelter, three acres of land situate around the smelter, and various equipment and permits associated therewith.

CEO Dan Omeniuk stated, “With the acquisition complete, both parties are ready to receive shipment of material. The JV management is diversifying ore collection camps to assist more local small miners for mineral supply assurance while optimizing metallurgical blending properties for engineering design.”

The Company also announces that, pursuant to a consulting services agreement dated October 20, 2016 between the Company and a third party consultant, the Company issued 85,174 common shares in the capital of the Company to the consultant as a finder’s fee in connection with the Company earning its 50% share ownership interest in the Mexican corporation holding the IDS Project.

About MX Gold 

MX Gold Corp. is a junior mining company focused on the exploration, development and mining of advanced projects located in British Columbia and Mexico. The Company’s primary focus in British Columbia is its high-grade Willa gold and copper project located 12 kilometers south of Silverton, B.C. In 2015, MX Gold Corp. completed the accretive acquisition of the Willa project and the Max Molybdenum Mine and Mill Complex. This acquisition removed major costs and shortened timelines typically associated with mine project development. The Willa mine is located 135 kilometers south of the Max Mill. MX Gold Corp. can also elect to reopen the Max Molybdenum mining operation once world Moly prices improve.

On behalf of the Board of Directors,

“Akash Patel”

Akash Patel, Vice President and Director, MX Gold Corp.

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

CONTACT: For further information, please contact

SkanderBeg Capital Advisors
604-687-7130
Ext 203

Dan Omeniuk, CEO
Email: dano@mxgoldcorp.com

Ron Birch
Phone: 250-545-0383
Toll Free: 1-800-910-7711
Fax: 604-926-4232

Or by email to:

info@mxgoldcorp.com

Immunovaccine Announces Closing of $10 million Bought Deal Offering

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NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES

HALIFAX, Nova Scotia, June 21, 2017 (GLOBE NEWSWIRE) — Immunovaccine Inc. (“Immunovaccine” or the “Corporation”) (TSX:IMV) (OTCQX:IMMVF), a clinical stage vaccine and immunotherapy company, announced today that it has closed the previously announced bought deal public offering (the “Offering”) of common shares of the Corporation (the “Common Shares”), raising gross proceeds of approximately $10 million.

“Following the successful closing of this deal, Immunovaccine is well financed to plan for a phase 1 clinical trial aimed at expanding the application of DPX-Survivac (its lead cancer vaccine) across multiple indications,” said Frederic Ors, Immunovaccine’s Chief Executive Officer. “The target of DPX-Survivac, survivin, is associated with more than 20 types of hematological and solid cancers. With this association, and its other unique properties, we have only just begun to scratch the surface of DPX-Survivac’s potential within our growing pipeline. We are excited to continue our aggressive pursuit of bringing groundbreaking immunotherapies to the many millions of underserved people living with difficult-to-treat cancers.”

The Offering was conducted through a syndicate of underwriters (the “Underwriters”) led by Echelon Wealth Partners Inc. and National Bank Financial Inc., and including Mackie Research Capital Corporation. As part of the Offering, Immunovaccine has granted the Underwriters an over-allotment option to purchase up to an additional 1,153,846 Common Shares at a price of $1.30 per Common Share, exercisable until July 21, 2017, for additional gross proceeds of up to $1.5 million.

The Corporation intends to use the net proceeds of the Offering for the research and development and clinical advancement of its cancer and infectious disease vaccine candidates and for working capital and general corporate purposes.

Certain insiders of the Corporation participated in the Offering and purchased an aggregate of 874,630 Common Shares. Participation of insiders of the Corporation in the Offering constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), but is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of securities being issued to insiders nor the consideration being paid by insiders will exceed 25% of the Corporation’s market capitalization. None of the Corporation’s directors has expressed any contrary views or disagreements with respect to the foregoing. The Corporation did not file a material change report 21 days prior to the closing of the Offering as the details of the participation of the insiders of the Corporation had not been confirmed at that time.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Immunovaccine
Immunovaccine Inc. is a clinical-stage biopharmaceutical company dedicated to making immunotherapy more effective, more broadly applicable, and more widely available to people facing cancer and infectious diseases. Immunovaccine develops T cell activating cancer immunotherapies and infectious disease vaccines based on DepoVax™, the Corporation’s patented platform that provides controlled and prolonged exposure of antigens and adjuvant to the immune system. Immunovaccine has advanced two T cell activation therapies for cancer through Phase 1 human clinical trials and is currently conducting a Phase 1b study with Incyte Corporation and a phase 2 study with Merck assessing lead cancer therapy, DPX-Survivac, as a combination therapy in ovarian cancer. The Corporation is also exploring additional applications of DepoVax™, including DPX-RSV, an innovative vaccine candidate for respiratory syncytial virus (RSV), which has recently completed a Phase 1 clinical trial. Immunovaccine also has ongoing clinical projects to assess the potential of DepoVax™ to address malaria and the Zika virus. Connect at www.imvaccine.com.

Immunovaccine Forward-Looking Statements
This press release contains forward-looking information under applicable securities law. All information that addresses activities or developments that we expect to occur in the future is forward-looking information. Forward-looking statements in this press release include, without limitation, statements regarding the Offering, including the terms and the use of proceeds of the Offering. Although the Corporation believes the forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Corporation cautions investors that any forward-looking statements by the Corporation are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, the Corporation’s use of proceeds of the Offering may differ from those indicated, clinical trials may not be successfully completed and the Corporation may not receive all regulatory approvals and the matters discussed under “Risk Factors and Uncertainties” in Immunovaccine’s Annual Information Form filed on March 30, 2017. Immunovaccine Inc. assumes no responsibility to update forward-looking statements in this press release except as required by law.

CONTACT: Contacts for Immunovaccine:

MEDIA 
Mike Beyer, Sam Brown Inc.
T: (312) 961-2502 E: mikebeyer@sambrown.com

INVESTOR RELATIONS
Pierre Labbé, Chief Financial Officer
T: (902) 492-1819 E: Plabbe@imvaccine.com

Patti Bank, Managing Director, Westwicke Partners
O: (415) 513-1284
T: (415) 515-4572 E: patti.bank@westwicke.com

Condor Acquires Andrea Au-Ag Epithermal Project in Peru

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VANCOUVER, B.C., June 21, 2017 (GLOBE NEWSWIRE) — Condor Resources Inc. – (“Condor” or the “Company”) (TSXV:CN) is pleased to announce the acquisition of a 100% interest in the Andrea epithermal gold-silver project in the Department of Ayacucho, approximately 480 km south-east of Lima in the south-central Andes. The mineral rights on the 8 sq km property were recently acquired by application to the Peruvian Ministry of Energy and Mines. Andrea is approximately 20 km north of the Breapampa mine owned by Minas Buenaventura, and situated at elevations ranging from 4100 to 4600m.

Condor acquired the Andrea project because it hosts a compelling high sulphidation epithermal type gold and silver target within a core area approximately 800m in diameter. Gold and silver mineralization (up to 4.2 g/t Au) is hosted in hydrothermal breccias with vuggy silica. The surface area exposure of the largest siliceous breccia is about 200m in diameter, with a halo of advanced argillic assemblages. The alteration and mineralization is hosted within Miocene to Pliocene aged Tertiary volcanics.

“I am excited by the exploration potential of our newly acquired Andrea project,” stated Ever Marquez, Condor’s VP of Exploration, “Based on my experience in the south-central Andes, these high sulphidation type targets can yield significant discoveries when explored with drilling; we do not believe this project has ever been drilled.”

An initial reconnaissance mapping effort was recently completed, and 117 rock chip channel samples were collected and analyzed by ALS Peru S.A. in Lima. Exploration sampling and mapping was concentrated in the central part of the project within a much larger advanced argillic alteration envelope. The sample results also confirmed the presence of anomalous pathfinder elements typical of high sulphidation epithermal systems. Condor geologists found no evidence of previous exploration activities or small scale mining on the concession.

Gold assays in the samples range from negligible to 4.2 g/t Au, with 23 of the samples showing anomalous gold values exceeding 50 ppb, including 13 samples exceeding 500 ppb, and 7 samples greater than 1 g/t. Samples taken in the 800m diameter breccia ‘core area’ – 81 of the 117 samples – exhibited more consistent gold values, ranging from 5 ppb to 4180 ppb, and averaged 41 ppb. Measurable silver values were present in all but 6 of the 117 samples, but none of the silver assays exceeded 1 g/t.

More details of the Andrea project can be found on our website at www.condorresources.com/s/ProjectAndrea.asp.

Condor is an explorer and project generator focused exclusively on Peru, and our objective is the discovery of a major new precious metals or base metals deposit. Project acquisition and development is managed by our Lima based exploration team.

ON BEHALF OF THE BOARD

Lyle Davis
President & Chief Executive Officer

For further information please contact the Company at 1-866-642-5707, or by email at info@condorresources.com,  OR

Renmark Financial Communications Inc.
Barry Mire: BMire@renmarkfinancial.com
Tel: (416) 644-2020 or (514) 939-3989
www.renmarkfinancial.com

Mr. Brian D. Game, P.Geo, is the Qualified Person under NI 43-101 who has approved the technical content of this news release.

Quality Assurance/Quality Control: The sampling program was undertaken by Company personnel under the direction of Ever Marquez, Condor’s VP Exploration. A secure chain of custody is maintained in transporting and storing of all samples. Samples were delivered to and assayed by ALS Peru S.A. in Lima, a laboratory whose quality control system complies with International Standards ISO/IEC 17025:2005 and ISO 9001:2015, respectively. Analysis by aqua regia digestion system with 51 element ICP-MS analysis was conducted on all samples. Gold was assayed using a fire assay with atomic absorption spectrometry/ICP-MS and gravimetric finish when required. Systematic assaying of sample duplicates and commercially prepared blanks and standards was performed for analytical reliability by the laboratory. Bedrock rock chip samples are selective by nature and are unlikely to represent average grades within the bedrock when drilled.

Cautionary Statement Regarding Forward-Looking Information: All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management’s estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.

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 news release. 

OpenAire Celebrates Its 28 Year History on Canada’s 150th Anniversary

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OAKVILLE, Ontario, June 21, 2017 (GLOBE NEWSWIRE) — As Canada prepares to celebrate the 150th anniversary of its Confederation on July 1, 2017, OpenAire is very proud to join the festivities, as well as celebrate its own roots as a Canadian-owned and operated company. OpenAire has operated in Canada designing and building the best quality retractable roofs and skylights since its first project in 1989. The company has built hundreds of innovative and successful retractable roofs, skylights and enclosures for locations throughout Canada, employing over 100 local and international professionals to design, engineer, fabricate and install these versatile solutions.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/bf11e2fa-cdaa-44d7-aa05-3bf58f512111

OpenAire’s custom-designed, aluminum-framed enclosures can be found in all kinds of locations across Canada, big and small, public and private. The company’s many satisfied Canadian clients include: some of the area’s most prestigious private clubs: Cricket Club, Granite Club, and The Ontario Racquet Club (ORC); the LOCAL Public Eatery in Toronto’s popular Leaside neighbourhood; The Docks entertainment complex, a focal point for Toronto nightlife; Old Quebec Street Shopping Centre in Guelph, ON, a historic, vibrantly-lit destination that transformed Guelph’s downtown core; Ice Condominiums in Toronto’s Harbourfront District at York Centre; The Royal Glenora Club in Edmonton; The Toronto Airport Hilton Hotel in Mississauga, ON; Gusto 101, one of Toronto’s hottest restaurants; the Crooked Cue Pool Hall in Etobicoke, ON; Waterford Retirement Residence, formerly Southway Inn, in Ottawa, ON; Via Rail in Windsor, ON; and The Americana Conference Resort & Spa in Niagara Falls, ON, one of the region’s most unique and inviting water parks and resorts.

Some of OpenAire’s most recent and exciting developments have been in Canada, such as the family-owned Crooked Cue Restaurant and Pool Hall in Etobicoke, which completed a second OpenAire enclosure in 2016; as well as a brand-new Boston Pizza restaurant in downtown Toronto and the new Kelly’s Landing restaurant near Toronto’s waterfront, which both completed attractive OpenAire retractable skylights in the spring of 2017. With many new enclosure designs opening in Canada in the coming months, OpenAire is giving Canadian businesses and owners design choices as broad as Canada’s horizons. OpenAire is also sending staff around the world, where they share their expertise with international audiences. The OpenAire team is proud to have contributed to Canada’s diverse architecture over the past 28 years and wishes everyone a very happy 150th Canada Day.

About OpenAire
OpenAire has been designing and manufacturing beautiful, high-quality, environmentally conscious retractable roof structures and skylights for over 25 years. We bring unique visions to life from initial design to installation, transforming buildings into sunlit spaces customers love. Headquartered in Oakville, Ontario, OpenAire is approaching 1,000 projects throughout North America, Europe, and the Middle East. Some of our projects include four cruise liners in Royal Caribbean’s new Quantum series of ships; the Rooftop Bar at the Refinery Hotel in New York, NY; Restoration Hardware’s “RH Gallery” in Chicago, IL; Fort Lewis College Observatory for the Geosciences, Physics and Engineering Hall in Durango, CO; Aqua Sferra Water Park (the biggest aluminum dome in the world) in Donetsk, Ukraine; Kalahari in Pocono Mountains, PA (the largest waterpark under one roof in the USA); Tropicana Water Park in Stadthagen, Germany;  Jay Peak Ski Resort’s Pump House Indoor Waterpark in Jay, VT; the Palms Casino & Resort in Las Vegas, NV; and a pool enclosure at the Hilton Toronto Airport Hotel in Toronto, ON. To learn more about OpenAire Inc.’s projects and capabilities, visit http://www.openaire.com/ and follow us on Twitter.

CONTACT: For more information contact:
Sales, OpenAire
T: 905-901-8535   TF: 1800-267-4877
E: sales@openaire.com

Burcon Announces Fiscal 2017 Results and Reviews Operations

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VANCOUVER, British Columbia, June 21, 2017 (GLOBE NEWSWIRE) — Burcon NutraScience Corporation (TSX:BU) (NASDAQ:BUR), a leader in functional and renewable plant proteins, reported results for the year ended March 31, 2017. 

Fiscal 2017 Operational Highlights

  • Burcon’s exclusive manufacturing and marketing partner for CLARISOY™, Archer Daniels Midland Company (ADM) commissioned its first full-scale commercial CLARISOY™ production facility.
  • Issued a convertible note for the principal amount of $2.0 million, with net proceeds of $1.9 million. 
  • Completed an over-subscribed rights offering for gross proceeds of $5.1 million, with net proceeds of $5.0 million.
  • Advanced discussions with certain multi-national food ingredient providers for a royalty or a joint operations agreement for Peazazz®.
  • Burcon’s Winnipeg Technical Centre undertook Peazazz® applications work and provided significant quantities of samples throughout the year in response to requests from and in support of analytical work conducted by potential commercialization partners as well as for food and beverage companies who have expressed an interest in Peazazz® and Peazac™.
  • Received two U.S. patent grants during the fiscal year.  Subsequent to the year-end, received two additional U.S. patent grants, including Burcon’s first Peazazz® pea protein technology patent grant.  Burcon received a further two patent allowances subsequent to the year-end, bringing the company’s patent portfolio to 216 issued patents in various countries, including 64 in the U.S., as well as more than 350 active patent applications, including 47 additional U.S. patent applications.

Management Commentary

During fiscal 2017, Burcon’s CLARISOY™ soy protein license partner, Archer Daniels Midland (NYSE:ADM) completed the construction and commissioning of the first full-scale CLARISOY™ production facility.  The new production facility, located at ADM’s global processing headquarters in Decatur, Illinois, was commissioned in November 2016.

Unique to any other proteins on the market, ADM’s CLARISOY™ line of soy proteins comprises the world’s only vegetable-based proteins that offer exceptionally high solubility, clean flavor and complete protein nutrition for low pH and neutral pH beverage systems.  ADM’s current CLARISOY™ product portfolio includes: CLARISOY™ 150; CLARISOY™ 170: and CLARISOY™ 180, and this product line is well-positioned to help beverage manufacturers meet the ever-growing demand from health and wellness-minded consumers for great-tasting, nutritionally enhanced beverages with natural ingredients and clean labels.

ADM is actively engaged with a number of existing CLARISOY™ customers, as well as numerous potential CLARISOY™ customers, at various stages of the typical protocol food and beverage companies utilize when investigating and adopting a novel new ingredient for use in their food and beverage products.  CLARISOY™ is currently available in a limited release in a few consumer products, which are already on store shelves in Europe and in North America.  We expect ADM’s current sales and development campaign to bear fruit in the form of expanded distribution of CLARISOY™ in the coming quarters.

Also, during fiscal 2017, Burcon continued its efforts toward commercializing its other unique plant protein extraction technologies.  Burcon has focused in particular on working with a select group of potential partners for the commercialization of our Peazazz® pea protein.  Burcon’s team at the Winnipeg Technical Centre continues to support these ongoing discussions with: due diligence visits; applications work on potential consumer products; and sample production, both for the potential partners as well as for food and beverage companies who have expressed an interest in Peazazz® and Peazac™.  The potential partners’ activities have included undertaking applications work, detailed market analyses and the investigation of production logistics.

Subsequent to the fiscal year end, Burcon was granted a U.S. patent, covering technology for the production of its Peazazz® pea protein:  U.S. patent no. 9,635,875, was granted on May 2, 2017.  This patent is important and represents the first patent to be granted for Burcon’s pea technology by the U.S. Patent and Trademark Office and confirms that our approach is unique, distinct and defensible.  Burcon has a number of additional pea protein patent applications and we are confident that, in due course, we will be granted additional patents. 

Since the beginning of fiscal 2017, Burcon has been granted two U.S. patents covering technologies for the production of CLARISOY™, and also has received two notices of allowance from the United States Patent and Trademark Office for a third and fourth patent for the production of CLARISOY™ soy protein.   A notice of allowance from the United States Patent and Trademark Office is a written notification that a patent application has cleared internal review, is pending issuance and will grant in the near future.  CLARISOY™ soy protein patents:  U.S. patent no. 9,629,381 granted April 25, 2017; and U.S. patent no. 9,603,377 was granted on March 28, 2017; and U.S. patent application 15/094386 was allowed on March 14, 2017, and U.S. patent application 14/117384 was allowed on March 29, 2017.

These patent grants and allowances bring the company’s patent portfolio to 216 issued patents in various countries, including 64 in the U.S., as well as more than 350 active patent applications, including 47 additional U.S. patent applications.

According to the “2016 Food & Health Survey” from the International Food Information Council Foundation in Washington, DC, protein is the single most sought out nutrient by U.S. consumers.  Burcon anticipates continued acceleration of the demand for protein ingredients globally and even more so for plant proteins.  Analyzing the demand for plant proteins further, there is a clear signal from the market for alternatives to soy: the traditional dominant plant protein ingredient.   Burcon believes it is well-positioned to profit from this trend with its Peazazz® pea protein as well as with Supertein® and Puratein® and Nutratein® canola proteins.  In the coming year, Burcon will continue to focus our efforts on securing a commercialization partnership or partnerships for our other alternative plant protein technologies.

Financial Results (in Canadian dollars)

Revenues totaled $88,000 for the year, as compared to $106,000 in the same year-ago period.  Cash royalty revenues accounted for just over one-half of this year’s royalty revenues, as compared to last year’s where they were derived mainly from the recognition of deferred royalty payments.  The nominal revenues reflect the company’s development phase status as it transitions to the commercial stage.  

Net loss totaled $5.8 million or $0.16 per basic and diluted share for fiscal 2017, as compared to a net loss of $6.6 million or $0.18 per basic and diluted share in fiscal 2016.

Research and development expenses totaled $2.2 million for the year, as compared to $2.7 million in fiscal 2016.  Most of the decrease is due to deferred development costs being fully amortized during fiscal 2017.  Lower repairs and maintenance expenses and salaries expenses from the termination of an employee last year also contributed to the decrease.   

Intellectual property (IP) expenses decreased to $1.4 million in fiscal 2017 from $1.6 million in fiscal 2016.  The lower IP expenses are due to the temporary deferral of the prosecution of patent applications and the payment of maintenance fees, where possible, to conserve cash resources while Burcon was undergoing the financing period.  In addition, there were fewer patent applications that entered national phase this year than in fiscal 2016.

General and administrative expenses decreased to $2.3 million in fiscal 2017 from $2.6 million in the fiscal 2016.  The decrease is mostly attributed to decreases in stock based compensation and non-cash financing expenses. 

At March 31, 2017, cash balances totaled $4.7 million compared to $2.5 million at March 31, 2016.  Management believes it has sufficient resources to fund its expected level of operations and working capital requirements until at least February 2018.  This estimate does not take into account potential proceeds from outstanding convertible securities, royalty revenues from the sale of CLARISOY™, or any other potential revenue from product sales or licensing.

The company’s complete financial statements, along with management’s more detailed discussion and analysis, are available from the company’s Investors section at www.burcon.ca or from www.sedar.com.

About Burcon NutraScience Corporation
Burcon NutraScience is a leader in developing functionally and nutritionally valuable plant- based proteins. The company has developed a portfolio of composition, application, and process patents originating from a core protein extraction and purification technology.

Burcon’s CLARISOY™ soy protein offers clarity and high-quality protein nutrition for low pH beverage systems and excellent solubility and exceptionally clean flavor at any pH; Peazazz® is a uniquely soluble and clean-tasting pea protein; and Puratein®, Supertein® and Nutratein® are canola protein isolates with unique functional and nutritional attributes. For more information about the company, visit www.burcon.ca.

The TSX has not reviewed and does not accept responsibility for the adequacy of the content of the information contained herein. This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements or forward-looking information involve risks, uncertainties and other factors that could cause actual results, performances, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward- looking statements or forward-looking information can be identified by words such as “anticipate,” “intend,” “plan,” “goal,” “project,” “estimate,” “expect,” “believe”, “future,” “likely,” “may,” “should,” “could”, “will” and similar references to future periods. All statements other than statements of historical fact included in this release are forward-looking statements, including, without limitation, statements regarding expectations, intentions and plans contained in this press release. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements or information. Important factors that could cause actual results to differ materially from Burcon’s plans and expectations include the actual results of business negotiations, marketing activities, adverse general economic, market or business conditions, regulatory changes and other risks and factors detailed herein and from time to time in the filings made by Burcon with securities regulators and stock exchanges, including in the section entitled “Risk Factors” in Burcon’s annual information form dated June 21, 2017 filed with the Canadian securities administrators on www.sedar.com and contained in Burcon’s 20-F filed with the U.S. Securities and Exchange Commission on www.sec.gov. Any forward-looking statement or information only speaks as of the date on which it was made and, except as may be required by applicable securities laws, Burcon disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Although Burcon believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance, and accordingly, investors should not rely on such statements.

CLARISOY is a trademark of Archer Daniels Midland Company.

Burcon NutraScience Corporation       
Consolidated Balance Sheets       
As at March 31, 2017 and 2016       
(Prepared in Canadian dollars)      
    2017   2016  
    $   $  
Assets       
       
Current assets       
Cash and cash equivalents   4,701,108   2,479,862  
Amounts receivable   163,668   152,143  
Prepaid expenses   178,998   171,209  
    5,043,774   2,803,214  
       
Property and equipment   494,666   514,203  
Deferred financing costs   -   58,376  
Deferred development costs   -   222,343  
Goodwill   1,254,930   1,254,930  
       
    6,793,370   4,853,066  
       
Liabilities       
       
Current liabilities       
Accounts payable and accrued liabilities   516,883   701,748  
Derivative liabilities   197,613   -  
    714,496   701,748  
       
Convertible note   1,818,473   -  
Accrued interest   146,696   -  
Deferred revenue   -   39,097  
    2,679,665   740,845  
       
Shareholders’ Equity       
Capital stock   70,000,001   64,936,947  
Contributed surplus   6,778,227   6,487,975  
Options   10,379,989   9,779,276  
Warrants   281,989   458,187  
Deficit   (83,326,501 ) (77,550,164 )
    4,113,705   4,112,221  
       
    6,793,370   4,853,066  
       

 

Burcon NutraScience Corporation       
Consolidated Statements of Operations and Comprehensive Loss   
For the years ended March 31, 2017 and 2016     
(Prepared in Canadian dollars)      
       
    Years ended March 31,
    2017   2016  
    $   $  
       
       
Revenue       
Royalty income   87,839   106,390  
       
Expenses       
Research and development   2,245,220   2,653,585  
Intellectual property   1,363,121   1,602,936  
General and administrative   2,308,766   2,635,032  
       
    5,917,107   6,891,553  
       
Loss from operations    (5,829,268 ) (6,785,163 )
       
Interest and other income   154,257   153,157  
Interest expense   (225,163 ) -  
Foreign exchange gain   29,024   62,230  
Change in fair value of derivative liability   94,813   -  
       
Loss and comprehensive loss for the year    (5,776,337 ) (6,569,776 )
       
Basic and diluted loss per share    (0.16 ) (0.18 )
       
CONTACT: Media & Industry Contact:
Paul Lam
Manager, Business Development
Burcon NutraScience Corporation
Tel (604) 733-0896, Toll-free (888) 408-7960
plam@burcon.ca  
www.burcon.ca

Grenville Strategic Royalty Announces USD$500,000 Royalty Agreement with Frequentz, Inc.

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TORONTO, June 21, 2017 (GLOBE NEWSWIRE) — Grenville Strategic Royalty Corp. (TSXV:GRC) (“Grenville” or the “Company”) today announced it has signed a royalty purchase agreement with Frequentz, Inc. (“Frequentz”) to provide USD$500,000 in growth capital.

Based in Palo Alto, CA, Frequentz is a leading provider of comprehensive supply chain traceability and information management solutions, serving some of the world’s largest food and life sciences distributors and manufacturers.  Leveraging technology initially built by Earthbound Farm and IBM, the company’s software provides valuable insights into supply chains and critical business processes by collecting, storing, and analyzing serialized ingredient data through each stage of processing down to their source.

“Frequentz represents an opportunity for Grenville to invest alongside highly regarded Silicon Valley investors and entrepreneurs with deep domain expertise in a leading supply chain technology company,” said Grenville CEO Steve Parry. “This is a good example of our focus on investments with quality management and capital partners, where our royalty product is ideally suited to act as a catalyst for future growth.”

Frequentz, Inc.
Frequentz provides serialized data, supply chain traceability, and information management software solutions to major food and life sciences companies. Frequentz’s primary offering, their Information Repository & Intelligence Server (“IRIS”) tracks, traces, serializes, verifies, captures, stores, and analyzes product event data, at the unit or lot level, as the product moves through the supply chain.

About Grenville
Based in Toronto, Grenville Strategic Royalty Corp. is a publicly-traded royalty company that makes investments in established businesses with revenues of up to $50 million dollars. Grenville generates revenues from royalty payments and buyouts from contracts. The non-dilutive royalty financing structure offered by Grenville competes directly with traditional equity to meet the long-term financing needs of companies on more attractive commercial terms.

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

CONTACT: For further information, please contact:

Grenville Strategic Royalty Corp.:
Steven Parry
Chief Executive Officer
Tel: (416) 777-0383

High Arctic Declares Monthly Dividend

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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.  ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

CALGARY, Alberta, June 21, 2017 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX:HWO) (“High Arctic” or the “Corporation”) is pleased to announce that its Board of Directors has approved a monthly dividend payment of $0.0165 per share to holders of common shares.  The dividend is payable on July 14, 2017 to holders of High Arctic common shares of record at the close of business on June 30, 2017.  The ex-dividend date is June 28, 2017.  The dividend is designated as an “eligible dividend” for Canadian Income Tax purposes. 

About High Arctic
High Arctic is a publicly traded company listed on the Toronto Stock Exchange under the symbol “HWO”.  The Corporation’s principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry.

High Arctic’s largest operation is in Papua New Guinea where it provides drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis.  The Canadian operation provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada. 

CONTACT: For more information, please contact:

Thomas Alford	
Interim President & CEO
Phone: 587-318-3826
Email: tom.alford@haes.ca

Brian Peters
Chief Financial Officer
Phone: 587-318-2218
Email: brian.peters@haes.ca

Tinley Releases “Tinley Tonics” Hemp Extract Squeeze Supplement

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SANTA MONICA, Calif. and TORONTO, June 21, 2017 (GLOBE NEWSWIRE) — The Tinley Beverage Company Inc. (the “Company” or “Tinley“) (CSE:TNY) (OTC:QRSRF) is pleased to announce the launch of its creamy chocolate squeeze supplement.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/afca7837-1bdf-42d7-86be-07ba45570c4a

The product contains 55 10mg servings of phytoconstituent-rich hemp extract, coconut-derived MCT oil, lactose-reduced whey protein, premium raw cacao as well as terpenes that are commonly found in whole-plant hemp extract. It is designed to be eaten on its own or mixed with coffee, smoothies, desserts and anything else that could be enjoyed with a chocolate twist.

The squeeze supplement is also designed to be mixed with Tinley’s cannabis beverages, which are set to be available for retail sale in scale shortly, to create chocolate rum and chocolate amaretto desserts and cocktails. It is the first product to be branded under the “Tinley Tonics” banner, which aligns with the Tinley-branded cannabis drinks.

The new product employs the same micellization technology that is used in the Company’s “Hemplify” drinks. This technology is designed to enhance the absorption of ingredients into the bloodstream and across the blood-brain barrier, compared with standalone oils.

The Company’s key distributors have agreed to take shipments of this product and work to place it in retail locations where the Company’s Hemplify hemp extract drink are currently available. These distributors also expect to place the product in coffee shops and cafes so that it may be sold as an add-in to coffee and smoothie products. This represents an additional expansion opportunity for the Company within the fast-moving, trend-setting on-premises channel.

“We believe this product offers a delicious, versatile alternative to standalone extract oils, with the benefit of enhanced absorption and nutrients such as MCT oil. Furthermore, the placement of Tinley-branded products in both dispensaries and conventional retail channels represents a two-fold opportunity: Increased mainstream brand exposure in an industry where significant restrictions on advertising exist; and economic participation in the $35 billion mainstream supplement industry,” said Jeff Maser, CEO of Tinley. 

The squeeze supplement is currently available at www.drinktinley.com. For wholesale enquiries, please contact the Company at info@drinktinley.com

About The Tinley Beverage Company, The Tinley Collective and Hemplify

The Tinley Beverage Company (Toronto, Canada) has developed a line of cannabis-infused beverages for use in jurisdictions throughout North America where such products are permitted. It is under contract with The Tinley Collective, a California Cooperative Corporation that is engaged in cannabis procurement and distribution within California’s medical cannabis system. Tinley’s wholly-owned subsidiary, Hemplify, Inc. (Santa Monica, CA), manufactures the “Hemplify” and “Tinley’s Tonics” line of products. “Hemplify” is a line of fruit-flavored, sugar-free, vegan, drinkable supplements that contain hemp stalk extract. This extract contains terpenes and other phytoconstituents. Each product also contains 9-12x the potassium electrolyte content of major sports drinks, 200mg of Omega 3 and excellent sources of 9 vitamins, including 100% DV of Vitamin C, B12 and D. The Tinley’s Tonics squeeze supplement is a creamy, chocolate blend of hemp extract, MCT oil and lactose-reduced whey protein. The Company’s products are produced with patented technology designed to elevate absorption into the bloodstream, ensure shelf stability and mask the oil’s taste to deliver delicious, refreshing flavors. The company is selling its products in retail locations California and online throughout the United States.

Forward-Looking Statements

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This press release contains or refers to forward-looking information, and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.

Products and formulations outlined herein are subject to change at anytime.

CONTACT: For further information on The Tinley Beverage Company, please contact:

The Tinley Beverage Company Inc.
Jeff Maser, Chief Executive Officer   
77 King Street West, Suite 2905
Toronto, Ontario  
Canada  M5K 1H1
(310) 507-9146
Twitter: @drinkhemplify
Instagram: @hemplify
www.drinktinley.com
CSE:TNY  OTC: QRSRF 

Benz Mining Corp. Announces Start of Exploration Program

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VANCOUVER, British Columbia, June 21, 2017 (GLOBE NEWSWIRE) — (TSX-V:BZ) Benz Mining Corp. (the “Company” or “Benz”), is pleased to announce plans for 2017 exploration at its Mel zinc-lead-barite property, located in the southeast Yukon. The proposed work program is scheduled to start in mid-July and will include excavator trenching and up to a maximum of 8,000 m of diamond drilling.

The main objective of the 2017 program is to confirm and expand mineral resources, which were recently reported in a technical report titled “Technical Report on the Mel Zinc-Lead-Barite Property”, with an effective date of March 20, 2017, and will focus on:

•  Extending areas of near-surface mineralization within the Mel Main Zone;
•  Infill and definition drilling within the Mel Main Zone; and,
•  Systematic testing of favourable stratigraphy near other known mineral showings and elsewhere on the property.

Exploration activities will be divided into three phases.  Phase I will begin in mid-July and will include soil sampling, mapping, and excavator trenching designed to test favourable stratigraphy and identify drill targets.  Phase II will begin in mid-August and comprise approximately 3,000 m of diamond drilling within the Mel Main Zone.  Phase III is contingent upon results from prior phases and will include an additional 5,000 m of diamond drilling.

In preparation for the 2017 exploration, Benz mobilized an excavator and bulldozer to the property in early March via a winter road and ice bridge.  This equipment will facilitate surface exploration and is anticipated to reduce expenditures by minimizing the reliance upon helicopters.

“The main goals are to confirm the continuity of grades and widths of mineralization within the Mel Main Zone and to demonstrate areas with potential to expand the current resource, and secondarily to identify other targets within the property,” stated Michael Gareau, Benz’s VP of Geology and Exploration.

The proposed program may be expanded subject to favourable exploration results.

About the Mel Project
The Mel property is located within a belt of important sedimentary exhalative zinc-lead deposits, which includes the Howard’s Pass, the Tom and Jason and the Akie deposits. Mel is situated 80 km east of Watson Lake and 40 km north of the Alaska Highway in southeastern Yukon Territory.

The Mel Main Zone hosts an inferred resource of 5.28 million tonnes grading 6.51% zinc, 1.86% lead and 45.05% barite (BaSO4), at a zinc-equivalent cut-off grade of 5.0%. Mineralization at the Main Mel Zone consists of coarse-grained sphalerite and galena disseminated throughout a mixture of mudstone, silica-carbonate and coarsely crystalline barite. Minor amounts of fine-grained, sparsely disseminated pyrite occur locally. The Main Mel Zone is open down-dip and potentially also along strike and has good potential to host a larger zinc-lead resource.

A complete copy of the Mel Technical Report prepared by independent qualified persons, H. Leo King, P.Geo. and G.H. Giroux, P.Eng., can be viewed at www.sedar.com under the Benz profile or on Benz’s website at benzmining.com. Zinc equivalent values were calculated using US$1.01/lb zinc, US$0.94/lb lead and recoveries of 90.3% and 97.7% respectively.

All technical information in this news release has been reviewed and approved by Michael Gareau, P.Geo., Vice President of Geology and Exploration for Benz, and a Qualified Person for the purposes of National Instrument 43-101.

About Benz
Benz Mining Corp. is focused on acquiring and developing mining assets in safe jurisdictions and is led by a team of experienced mine developers. For additional information concerning Benz or its Mel project please visit Benz’s website at benzmining.com.

On behalf of the Board of Directors of Benz Mining Corp.
Miloje Vicentijevic, President and Chief Executive Officer

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 accuracy or adequacy of this release.

CONTACT: For more information please contact
Benz Mining Corp.
Telephone: 604.617.1239 
Email: info@benzmining.com

Standard Lithium Raises $7.4 Million in Oversubscribed Financing

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VANCOUVER, British Columbia, June 22, 2017 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLL) (FRA:S5L) is pleased to announce that it has completed the private placement of 9,894,785 common shares at a price of $0.75 per share for gross proceeds of $7,421,089.  Interest in the placement far exceeded the expectations of the Company, and the additional amount raised provides the Company with the capital needed to advance its current projects and pursue strategic acquisitions in the lithium sector.

“We are extremely pleased with the interest received in this placement, and completion represents a significant milestone for the Company,” commented Anthony Alvaro, a director of the Company.  “The strong demand speaks to the growing confidence in our team, projects and future vision for the Company.”

In connection with completion of the private placement the Company paid cash commissions of $74,840 and issued 590,687 common shares to certain parties who introduced subscribers to the Company.  All securities issued in the private placement are subject to a four-month-and-one-day statutory hold period.

For further information readers should contact Anthony Alvaro at 604.260.4793.

About Standard Lithium

Standard’s value creation strategy encompasses acquiring a diverse and highly prospective portfolio of large-scale domestic brine resources, led by an innovation & results oriented management team with a strong focus on technical skills.  The Company is currently focused on the exploration of its 16,000+ acre Bristol Lake, Brine Project located in the Mojave region of San Bernardino County, California.  The location has significant infrastructure in-place, with easy road and rail access, abundant electricity and water sources, and is already permitted for extensive brine extraction and processing activities.  Standard also recently announced the acquisition of the 40,000+ acre Paradox Basin Project located in Grand County, Utah.

On behalf of the Board,

Standard Lithium Ltd.

Anthony Alvaro, Director

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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information.  These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information.  Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties.  Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements.  The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

Partners REIT Comments on Sears Canada CCAA

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TORONTO, June 22, 2017 (GLOBE NEWSWIRE) — Partners Real Estate Investment Trust (the “REIT”) (TSX:PAR.UN)  today commented on the press release dated June 22, 2017 by Sears Canada Inc. and its subsidiaries (“Sears Canada”) to the effect that Sears Canada has been granted an order (the “Initial Order”) from the Ontario Superior Court of Justice under the Companies Creditors Arrangement Act (the “CCAA”).

Partners REIT has not yet seen the Initial Order, but Sears Canada reports that it provides for a stay of proceedings in favour of Sears Canada for an initial period of 30 days, subject to extension thereafter as the Court deems appropriate.  The Initial Order authorizes Sears Canada to obtain debtor-in-possession financing that Sears Canada expects will provide sufficient liquidity to allow it to maintain operations throughout the CCAA proceedings.

Sears Canada also announced the closing of a number of stores, including the Sears Outlet store in Cornwall, Ontario, which is an anchor tenant at the Cornwall Square enclosed mall owned and operated by Partners REIT.

The specific timing of the store closures has not yet been finalized by Sears Canada.

The closing of the Sears Outlet store at the Cornwall Square mall may impact the value of that mall.  Partners REIT will be monitoring the situation and reviewing its alternatives with respect to this property.

About Partners REIT

Partners REIT is a growth-oriented real estate investment trust focused on the expansion and management of a portfolio of 35 retail and mixed-use community and neighbourhood shopping centres. These properties are located in both primary and secondary markets across British Columbia, Alberta, Manitoba, Ontario, and Quebec, and comprise a total of approximately 2.5 million square feet of leasable space.

Disclaimer

Certain statements included in this press release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect,” “will” and similar expressions to the extent they relate to Partners REIT. The forward-looking statements are not historical facts but reflect Partners REIT’s current expectations regarding future results or events. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including access to capital, regulatory approvals, intended acquisitions and general economic and industry conditions. Although Partners REIT believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein.

CONTACT: For further information please contact:

Partners REIT Investor Relations
1 (844) 474-9620 ext. 401
investor.relations@partnersreit.com

Partners REIT
Jane Domenico
Chief Executive Officer
(416) 855-3313 ext. 401

Plato Gold Announces 2nd and Final Closing of Convertible Debenture totaling $50,000

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TORONTO, June 22, 2017 (GLOBE NEWSWIRE) — Plato Gold Corp. (TSX-V:PGC) (“Plato” or the “Company”), an exploration company with a portfolio of properties in Northern Ontario and Santa Cruz, Argentina is pleased to announce that it has closed the second and final tranche of its non-brokered private placement of convertible debentures (the “Offering”) previously announced on June 1, 2017. Pursuant to the Offering, for the second and final closing, the Company issued convertible debentures for gross proceeds totaling $50,000.

The convertible debentures carry interest at the rate of 10% per annum, payable annually. The maturity date of the convertible debentures is 36 months following the date of issue of the debentures.  The convertible debentures are unsecured.  The convertible debentures are convertible at the holder’s option at exercise price of $0.05 per common share in the first 12 months and $0.10 per common share thereafter until maturity.  The Company may redeem all or any portion of the convertible debentures at any time prior to or on the maturity date.

The proceeds from the sale of the convertible debentures will be used by the Company for exploration work on the Good Hope Niobium Project near Marathon Ontario and for general working capital purposes. 

Anthony Cohen, an insider of the Company and a Control Person, is purchasing $50,000 of the convertible debentures being offered pursuant to the Offering. Mr. Cohen is considered a “related party” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and his participation in the Offering therefore constitutes a “related party transaction” within the meaning of MI 61-101. This transaction, however, is exempt from the formal valuation and minority shareholder approval requirements set out in, respectively, sections 5.4 and 5.6 of MI 61-101, as, at the time of such transaction, neither the fair market value of the securities issued to, nor the fair market value of the consideration paid by, Anthony Cohen, exceeds 25% of the Company’s market capitalization.

The Company did not file a material change report more than 21 days prior to the expected closing of the Offering as the details of the participation therein by related parties of the Company were not settled until shortly prior to the final closing of the Offering.

The aggregate funds raised for the Offering announced on June 1, 2017 totals $300,000, which includes $250,000 announced in the first closing on June 15, 2017 and the $50,000 in the second closing announced in this release. Closing of the offering is subject to receipt of all required regulatory approvals, including final approval of the TSX Venture Exchange. 

Upon completion of the Offering, there will be 154,091,655 common shares of the Company issued and outstanding if conversion of all the convertible debentures occurs in the first year and 151,091,655 common shares of the Company issued and outstanding if conversion occurs after the first year. 

The convertible debentures and the underlying securities, as applicable, will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities legislation.

About Plato Gold Corp.

Plato Gold Corp. is a Canadian exploration company listed on the TSX Venture Exchange with projects in Marathon Ontario, Timmins Ontario and Santa Cruz, Argentina.

The Good Hope Niobium Project consists of a total of 19 claims, 263 claim units and 4,208 hectares in Killala Lake Area and Cairngorm Lake Area Townships, near Marathon Ontario.  In May 2017, Plato signed an option agreement with Rudy Wahl and co-owners to acquire 100% interest in the Good Hope Property.  A drill program is planned for 2017.

The Timmins Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in the Harker/Holloway gold camp located east of Timmins, Ontario.  In November 2010, Plato signed an agreement granting St Andrew Goldfields Ltd. the option to earn a 75% interest in the above properties.  On January 26, 2016, St. Andrew Goldfields was acquired by Kirkland Lake Gold Inc.  The Holloway and Marriott options are now held by Kirkland Lake Gold Inc.

In July 2012, Plato sold a 50% interest in the Guibord property to Victory Gold Mines Inc. who amalgamated with Northern Gold Mining Inc. on February 6, 2013.  On December 22, 2015, Oban Mining Corporation completed the acquisition of Northern Gold Mining.  In June 2016, Oban changed its name to Osisko Mining Inc. (“Osisko”).  Osisko now holds the 50% interest in the Guibord property.

In February 2013, Plato sold an 80% interest in the Harker property to Northern Gold Mining Inc. and was subsequently acquired by Oban Mining Corporation on December 22, 2015.  In June 2016, Oban changed its name to Osisko Mining Inc.  Osisko now holds the 80% interest in the Harker property.

In Argentina, Plato owns a 75% interest in Winnipeg Minerals S.A. (“WMSA”), an Argentina incorporated company.  The Lolita Property, held by WMSA, is comprised of a number of contiguous mineral rights totaling 9,672 hectares.  Work has advanced on this exploration property to the point that it is drill-ready or ready to be optioned to a partner.

For additional company information, please visit: www.platogold.com.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

Forward Looking Statements

This news release contains “forward-looking statements”, within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding the potential mineralization and resources, exploration results, and future plans and objectives. Generally, these forward-looking statements can 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” or “be achieved”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, use of proceeds,  level of activity, performance or achievements of Plato to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks related to: risks related to exploration; actual resource viability, and other risks of the mining industry .  Although management of Plato has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such 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.  The Company does not undertake to update any forward-looking statements that are incorporated by reference herein, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

CONTACT: For further information, please contact:

Anthony Cohen
President and CEO
Plato Gold Corp.
T: 416-968-0608
F: 416-968-3339
info@platogold.com
www.platogold.com

Central Mountain Air Ltd. Connects Edmonton and Prince George with Non-Stop Service

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SMITHERS, British Columbia, June 22, 2017 (GLOBE NEWSWIRE) — Central Mountain Air Ltd. announces the continued expansion of its route network by introducing new non-stop service between Prince George, BC (YXS) and Edmonton, AB (YEG).

“Connecting these points with non-stop service will provide passengers with improved service by eliminating the need to connect in Vancouver, which is a 4 hour journey,” said Central Mountain Air’s Marketing Manager Johnathan Richardson.

Flights will operate six days a week using a Dornier 328 aircraft that seats 30 passengers.

Flight Number Route Departing Arriving Frequency
9M838 YXS-YEG 1610 1825 Sun, Mon, Tues, Wed, Thurs & Fri
9M831 YEG-YXS 0840 0905 Mon, Tues, Wed, Thurs
9M835 YEG-YXS 1105 1130 Sun & Fri

Another benefit of this flight is it connects to Calgary.  Communities in CMA’s extensive network including Terrace, Smithers, Fort Nelson and Dawson Creek, can now easily access Alberta’s two major cities.

“Introducing this non-stop allows for a quick flight between Prince George and Edmonton or onto Calgary, and opens many connection opportunities within and outside of our route network,” said Central Mountain Air President Douglas McCrea.

“We are really looking forward to working with Central Mountain Air and Prince George Airport,” said Tom Ruth, President and CEO of EIA. “We have been working on this direct flight for years as there is such a demand for flights between our two cities. We know we will be serving many more Prince George travellers to Edmonton and also connecting to places like Fort McMurray, Grande Prairie, Saskatoon and eastern Canada.”

“This is an incredible day for the region; Edmonton has been the number one requested route for over a decade,” says Prince George Airport Authority President and CEO John Gibson.  “CMA has put their confidence in Prince George by adding this service. The success of this route is dependent upon the support of the community.”

Passengers will also be able to connect to Central Mountain Air’s interline partners. Customers can receive multiple boarding passes for connecting flights at check-in and baggage can be tagged through to the final destination.

Flights between Prince George and Edmonton will start on Sunday, July 9. To make a reservation please visit www.flycma.com or call 1-888-865-8585.

About Central Mountain Air Ltd.

Established in 1987, Central Mountain Air Ltd. (CMA) is a western Canadian privately owned and operated company. CMA provides scheduled flights and cargo services to 16 unique communities and charter flights throughout British Columbia, Alberta, and western Canada. CMA is proud to provide safe, reliable and affordable travel solutions to the communities we serve. For more information, please visit: www.flycma.com, follow @FlyCMAir on Twitter and Instagram or ‘Like Us’ on Facebook. To make a reservation please visit www.flycma.com or call 1-888-865-8585.

CONTACT: Media Contact
Johnathan Richardson
Marketing Manager
604-786-4640
marketing@flycma.com  

Signature Announces Extension to Private Placement

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Not for distribution to U.S. news wire services or dissemination in the United States

TORONTO, June 22, 2017 (GLOBE NEWSWIRE) — Signature Resources Ltd. (TSX-V:SGU) (OTCQB:SGGTF) (“Signature” or the “Company”) announces the extension of its previously-announced non-brokered private placement of non-flow-through units and flow-through units for aggregate gross proceeds of up to $1,500,000 (the “Offering”) until July 25, 2017. Additional details regarding the Offering can be found in the Company’s news release dated May 24, 2017.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. These securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

About Signature

Signature’s Lingman Lake gold property consists of four free hold patented claims and the 50 staked claims, totaling 9,896.8 hectares. The property hosts an historic estimate of 234,684 oz. of gold* (1,063,904 tonnes grading 6.86 g/t with 2.73 gpt cut-off) and includes what has historically been referred to as the Lingman Lake Gold Mine, an underground substructure consisting of a 126.5-meter shaft, and 3-levels at 46-meters, 84-meters and 122-meters depths.

*This historical resource estimate is based on prior data and reports obtained and prepared by previous operators, and information provided by governmental authorities. A Qualified Person has not done sufficient work to verify the classification of the mineral resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI 43-101-compliant mineral resource estimate. Establishing a current mineral resource estimate on the Lingman Lake deposit will require further evaluation, which the Company and its consultants intend to complete in due course. Additional information regarding historical resource estimates is available in the technical report entitled, “Technical Report on the Lingman Lake Property” dated December 20, 2013, prepared by Walter Hanych, P.Geo., and Frank Racicot, P.Geo., available on the Company’s SEDAR profile at www.sedar.com

To find out more about Signature Resources Limited, visit our website at www.signatureresources.ca , or contact:

Walter Hanych
Chief Executive Officer
705.445.0184

Cautionary Notes

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

This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the completion, proceeds, and use of proceeds of the Offering, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to changes in general economic and financial market conditions, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Barrick and NOVAGOLD to Advance Ongoing Donlin Gold Project Optimization With Approved $8-Million Drill Program

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VANCOUVER, British Columbia, June 22, 2017 (GLOBE NEWSWIRE) — NOVAGOLD RESOURCES INC. (NYSE:NG) (TSX:NG) (“NOVAGOLD”) and its partner Barrick Gold Corporation (NYSE:ABX) (TSX:ABX) (“Barrick”) are pleased to announce that Donlin Gold LLC, the co-owned operating company which is advancing the Donlin Gold project in Alaska, has approved a drill program designed to further optimize the project.

After completing extensive analysis of the project’s parameters, Barrick and NOVAGOLD concluded that the potential exists to enhance the project economics through a more cost-effective project execution plan that could substantially reduce upfront capital. To this end and to support this effort, the partners have approved an $8-million budget (100% basis) for a drill program designed to collect geologic and geotechnical data this year.

The work of technical experts from Barrick and NOVAGOLD has been focused on ways to capitalize on the flexibility inherent in Donlin Gold’s unique characteristics of large size, superior grade and exceptional exploration upside. The approved program has been developed as a direct consequence of very encouraging results that were achieved from a series of wide-ranging optimization evaluations of the ore body resulting in an operationally sound and potentially financially attractive development approach. Meanwhile, the Donlin Gold team remains focused on completing the on-going permitting activities, which are advancing as planned. 

“We are encouraged by the prospects to further optimize the Donlin Gold project, which has the potential to be the largest pure gold mine in the world –in one of the safest jurisdictions of the world. Donlin Gold is a unique asset, which provides Barrick stakeholders with significant optionality,” said Kelvin Dushnisky, President of Barrick. “This jointly-developed program is a reflection of our partnership approach as we work to advance Donlin Gold with financial discipline and with a strong focus on environmental and social responsibility.”

Greg Lang, NOVAGOLD’s President and Chief Executive Officer, added the following: “Donlin Gold’s size, grade, production profile, exploration potential, mine life, community support and jurisdictional safety render it a unique asset in the gold industry. Both partners envision Donlin Gold to be a pacesetter in the mining sector and are completely aligned in their objectives to optimize the project. As permitting activities approach their conclusion, we believe that the approved field work will reaffirm Donlin Gold’s status as the asset best positioned to capitalize on the resumption of the long-term bull market in gold.”

Permitting Activities

Barrick and NOVAGOLD are encouraged to see significant progress as they work through the final stages of permitting and completing these activities in the most efficient manner possible. The project’s lead permitting agency, the U.S. Army Corps of Engineers (the “Corps”), is working with the cooperating agencies to complete the final Environmental Impact Statement (EIS) by addressing public comments received on the Donlin Gold draft EIS. As disclosed in their latest schedule, the Corps anticipates the publication of the final EIS in early 2018. Work also continues with state and federal agencies to advance all other required permits, including the Clean Water Act Sections 404 and 10 permit, integrated waste management permit, water discharge permit, air quality permit, dam safety approvals, water use permits, and fish habitat permits, as well as the land and shoreline lease and right-of-way approvals.

About the Donlin Gold Project

The Donlin Gold project has 39,000,000 ounces of gold measured and indicated resources1 with a grade averaging 2.2 grams of gold per tonne (100% basis), making it one of the largest and highest-quality undeveloped gold deposits in the world, located in Alaska, the second largest gold-producing state in the United States. As per the Second Updated Feasibility Study (defined below), it is projected to average approximately 1,100,000 ounces of gold production per year (with initial production averaging 1,500,000 ounces per year) over an anticipated 27-year life. The mineral resources are encompassed in only three kilometers of an eight-kilometer gold mineralized trend, providing the owners with exceptional exploration opportunities. The project appreciates the strong support provided from its native corporation partners, as well as from the state government and its representatives.

Scientific and Technical Information

Scientific and technical information contained herein with respect to Donlin Gold is derived from the “Donlin Creek Gold Project Alaska, USA NI 43-101 Technical Report on Second Updated Feasibility Study” compiled by AMEC with an effective date of November 18, 2011, as amended January 20, 2012  (the “Second Updated Feasibility Study”).  Kirk Hanson, P.E., Technical Director, Open Pit Mining, North America, (AMEC, Reno), and Gordon Seibel, R.M. SME, Principal Geologist, (AMEC, Reno) are the Qualified Persons responsible for the preparation of the independent technical report, each of whom are independent “qualified persons” as defined by NI 43-101.

Clifford Krall, P.E., who is the Mine Engineering Manager for NOVAGOLD and a “qualified person” under NI 43-101, has approved the scientific and technical information related to the Donlin Gold project contained in this press release.

________________________________
1 Donlin Gold data as per the Second Updated Feasibility Study effective November 18, 2011, as amended January 20, 2012. Represents 100% of measured and indicated resources (541 million tonnes at an average grade of approximately 2.2 grams per tonnes) of which NOVAGOLD’s share represents 50%.

Cautionary Note Regarding Forward-Looking Statements

This press release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the enhancement of the Donlin Gold Project economics, timing of permitting and potential development of Donlin Gold are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or “should” occur or be achieved. These forward-looking statements may include statements regarding the 2017 outlook; exploration potential of Donlin Gold; perceived merit of properties; anticipated timing and content of an updated feasibility study; anticipated permitting timeframes; exploration results and budgets; mineral reserve and resource estimates; work programs; capital expenditures; timelines; strategic plans; completion of transactions; market prices for precious and base metals; or other statements that are not statements of fact. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from NOVAGOLD’s expectations include the uncertainties involving the need to obtain permits and governmental approvals; the need for additional financing to explore and develop properties and availability of financing in the debt and capital markets; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; the need for continued cooperation with Barrick Gold Corporation for the continued development of the Donlin Gold property; the need for cooperation of government agencies and native groups in the development and operation of properties; risks of construction and mining projects such as accidents, equipment breakdowns, bad weather, non-compliance with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recovery rates; unexpected cost increases, which could include significant increases in estimated capital and operating costs; fluctuations in metal prices and currency exchange rates; and other risk and uncertainties disclosed in NOVAGOLD’s Annual Report filed on Form 10-K for the year-ended November 30, 2016 with the United States Securities and Exchange Commission, Canadian securities regulators, and in other NOVAGOLD reports and documents filed with applicable securities regulatory authorities from time to time. NOVAGOLD’s forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. NOVAGOLD assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

Cautionary Note to United States Investors

This press release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all resource and reserve estimates included in this press release have been prepared in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (CIM)—CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (“CIM Definition Standards”). NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (SEC), and resource and reserve information contained herein may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, the term “resource” does not equate to the term “reserves”. Under U.S. standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. The SEC’s disclosure standards normally do not permit the inclusion of information concerning “measured mineral resources”, “indicated mineral resources” or “inferred mineral resources” or other descriptions of the amount of mineralization in mineral deposits that do not constitute “reserves” by U.S. standards in documents filed with the SEC. Investors are cautioned not to assume that all or any part of “measured” or “indicated resources” will ever be converted into “reserves”. Investors should also understand that “inferred mineral resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of the “inferred resources” will ever be upgraded to “indicated resource”, “measured resource”, or “mineral reserve” status. Under Canadian rules, estimated “inferred mineral resources” may not form the basis of feasibility or pre-feasibility studies except in rare cases. Investors are cautioned not to assume that all or any part of an “inferred mineral resource” exists or is economically or legally mineable. Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for identification of “reserves” are also not the same as those of the SEC, and reserves reported by NOVAGOLD in compliance with NI 43-101 may not qualify as “reserves” under SEC standards. Neither Donlin Gold nor Galore Creek have known reserves, as defined under SEC Industry Guide 7.  Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards. 

CONTACT: NOVAGOLD Contacts:

Mélanie Hennessey
Vice President, Corporate Communications

Erin O’Toole
Senior Stakeholder Relations Specialist

604-669-6227 or 1-866-669-6227

RMP Energy Announces Start-Up of its Elmworth Battery

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CALGARY, Alberta, June 22, 2017 (GLOBE NEWSWIRE) — RMP Energy Inc. (“RMP” or the “Company”) (TSX:RMP) is pleased to announce the recent successful commissioning and start-up of its 100% owned and operated Elmworth 2-23 oil battery and gas handling facility in the Elmworth (Gold Creek) field of West Central Alberta (the “2-23 Facility”). The 2-23 Facility is presently handling the initial crude oil and natural gas production from two (2.0 net) of RMP’s Middle Montney drilled wells (3-22-68-3W6M and 4-18-68-2W6M).  Early-stage well production results are encouraging and the Company anticipates providing detailed production data once the wells produce for at least thirty calendar days (“IP30”). The start-up of the 2-23 Facility marks an important corporate milestone for RMP as it enables the Company to begin realizing commercial benefit and return of its capital investment from its new core area, which encompasses 82.5 net sections (52,800 net acres) of acreage prospective in the Middle Montney reservoir.  The 2-23 Facility, which can be expanded as required, has initial design capacity to handle 1,500 bbls/d of crude oil, 8.2 MMcf/d of natural gas and 7,500 bbls/d of emulsion.   

In addition to RMP’s 2-23 Facility, as previously disclosed, the Company has secured strategic mid-stream infrastructure in the Elmworth area for hydrocarbon egress. RMP has in-place gathering, processing and transportation arrangements with a regional mid-stream service provider to handle the Company’s current and future crude oil and natural gas production from the Elmworth area.  These arrangements involve an area dedication and are not underpinned by take-or-pay commitments. The mid-stream company has installed and commissioned a gathering system with connection to RMP’s   2-23 Facility. The Company’s natural gas is being processed at the mid-stream company’s Patterson Creek Gas Plant, which provides sales gas pipeline connections for delivery into both the TransCanada and Alliance gas systems. RMP’s crude oil production, which is currently line pack filling the oil leg of the mid-stream’s gathering system, is delivered downstream of their gas plant with connectivity to a Pembina crude oil sales terminal.

RMP Energy Inc. is a Montney-focused crude oil and natural gas producer, based in Calgary, Alberta.  RMP’s common shares trade on the Toronto Stock Exchange under the ticker “RMP”.  For additional information on the Company, please visit RMP’s website at:  www.rmpenergyinc.com.

Abbreviations

bbl or bbls barrel or barrels Mcf/d thousand cubic feet per day
Mbbl thousand barrels MMcf/d million cubic feet per day
bbls/d barrels per day MMcf Million cubic feet
boe barrels of oil equivalent Bcf billion cubic feet
Mboe thousand barrels of oil equivalent psi pounds per square inch
boe/d barrels of oil equivalent per day kPa kilopascals
NGLs natural gas liquids GJ/d Gigajoules per day
WTI West Texas Intermediate    

Reader Advisories

Forward-Looking Statements

The information in this news release contains certain forward-looking statements. These statements relate to future events or our future performance. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “budget”, “plan”, “continue”, “estimate”, “approximate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “would” and similar expressions. More particularly and without limitation, this news release contains forward-looking information relating to, the prospectivity and potential of the Middle Montney reservoir of the Company’s new core area at Elmworth and the anticipated capacity of its 2-23 Facility.

With respect to forward-looking statements contained in this news release, RMP has made assumptions regarding, but not limited to: conditions in general economic and financial markets; effects of regulation by governmental agencies; current and future commodity prices and royalty regimes; future exchange rates; royalty rates; future operating costs; availability of skilled labor; availability of drilling and related equipment; timing and amount of capital expenditures; the impact of increasing competition; the price of crude oil and natural gas; that the Company will have sufficient cash flow, debt or equity sources or other financial resources required to fund its capital and operating expenditures and requirements as needed; that the Company’s conduct and results of operations will be consistent with its expectations; available pipeline capacity; that the Company will have the ability to develop the Company’s properties in the manner currently contemplated; that the Company will be able to drill, complete and tie-in wells in the manner and on the timing described herein; current or, where applicable, proposed assumed industry conditions, laws and regulations will continue in effect or as anticipated; and the estimates of the Company’s production and reserves volumes and the assumptions related thereto (including commodity prices and development costs) are accurate in all material respects.

These statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control, including: the impact of general economic conditions; industry conditions; changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced; fluctuations in commodity prices and foreign exchange and interest rates; stock market volatility and market valuations; volatility in market prices for oil and natural gas; liabilities inherent in oil and natural gas operations; changes in income tax laws or changes in tax laws and incentive programs relating to the oil and gas industry; geological, technical, drilling and processing problems and other difficulties in producing petroleum reserves; obtaining required approvals of regulatory authorities; unexpected drilling results; the Company’s is unable to achieve its objectives; changes in capital expenditures, reserves or reserves estimates and debt service requirements; the occurrence of unexpected events involved in the exploration for, and the operation and development of, oil and gas properties, including hazards such as fire, explosion, blowouts, cratering, and spills, each of which could result in substantial damage to wells, production facilities, other property and the environment or in personal injury; changes or fluctuations in production levels; delays in anticipated timing of drilling and completion of wells; lack of available capacity on pipelines; the lack of availability of qualified personnel; uncertainties associated with estimating oil and natural gas reserves; and ability to access sufficient capital from internal and external sources. Many of these risks and uncertainties and additional risk factors are described in the Company’s Annual Information Form which is available at www.sedar.com. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, such forward-looking statements and, 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, what benefits that the Company will derive from them. The Company’s forward-looking statements are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements.

CONTACT: For more information, please contact:
RMP ENERGY INC.	

Jon Grimwood
President
(403) 930-6311
jon.grimwood@rmpenergyinc.com

Dean Bernhard
Vice President, Finance and Chief Financial Officer
(403) 930-6304
dean.bernhard@rmpenergyinc.com

Conseils de sécurité pour les barbecues au propane

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OTTAWA, June 22, 2017 (GLOBE NEWSWIRE) — Maintenant que l’été est officiellement arrivé, les Québécois passeront beaucoup plus de temps à l’extérieur à profiter du beau temps avec leurs amis et leurs familles. La cuisson sur le barbecue nous rappelle particulièrement les sons, les odeurs et la chaleur de la période estivale. L’Association canadienne du propane (ACP) tient à partager des conseils de sécurité pour les barbecues alimentés au propane afin de permettre aux utilisateurs de profiter de la saison des grillades en toute sécurité.

http://www.globenewswire.com/NewsRoom/AttachmentNg/ec2051e4-b19c-44ba-b5be-c58246d481bf

« La saison estivale est la période de l’année durant laquelle nous profitons de bon temps en famille, de la belle température et, bien sûr, de nos barbecues, » indique Nathalie St-Pierre, présidente-directrice générale de l’ACP. « Faire cuire nos aliments sur un barbecue alimenté au propane à combustion propre est une excellente façon de cuisiner en plein air. Toutefois, il est important de suivre les consignes pour assurer le succès de cette activité. Que ce soit pour l’utilisation, l’entretien, le nettoyage ou l’entreposage de votre barbecue, assurez-vous de suivre les conseils de sécurité de l’ACP afin de protéger vous et votre propriété lors de la saison de grillades ».

C’est simple. Les conseils de sécurité de l’ACP comprennent une vérification en trois étapes pour le remplacement de la bouteille de propane, les étapes à suivre pour l’allumage du barbecue, notamment s’assurer que le couvercle est toujours ouvert, et quoi faire lorsque vous avez terminé de cuisiner avec votre barbecue. De plus, une liste de choses à faire et à ne pas faire est également incluse, rappelant aux utilisateurs de placer le barbecue loin des clôtures ou des murs en bois et de ne pas ranger des bouteilles de propane près d’un barbecue ni près d’une source de chaleur ou d’inflammation.

« Bien entretenir et utiliser votre barbecue vous aidera à rester en sécurité en plus de prolonger la vie de votre barbecue, » explique Mme St-Pierre. « Les conseils de sécurité de l’ACP aideront les Québécois à cuisiner en plein air tout l’été. »

Pour lire les conseils de sécurité pour le barbecue de l’ACP, consultez le http://propane.ca/wp-content/uploads/2016/07/CPA_FactSheet_BBQ-Safety_2016_FR.pdf .

Au sujet de l’Association canadienne du propane
Avec plus de 400 membres, l’Association canadienne du propane (ACP) est l’association nationale pour une industrie en plein essor qui génère plusieurs milliards de dollars et qui emploie des dizaines de milliers de Canadiens. L’ACP élabore et produit des programmes de formation, offre une assistance d’intervention d’urgence à ses membres et propose des services de promotion à l’ensemble de l’industrie du propane.

CONTACT: Pour de plus amples renseignements : 
Tammy Hirsch 
Directrice principale, Communications & Marketing
c. info@propane.ca ou t. 587-349-5876
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