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October 2017
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360 Blockchain Inc. Opens Silicon Valley Office

By 360 Blockchain Inc.

The New Office Will Accelerate the Company’s Blockchain Technology Investment Strategy

VANCOUVER, BC / ACCESSWIRE / October 17, 2017 / 360 Blockchain Inc. (”360” or the ”Company”) (CSE: CODE; FSE: C5B) is pleased to announce that the Company has opened an office in San Carlos, California in the heart of Silicon Valley, the leading high technology hub in the United States, accounting for 1/3 of all venture capital funding in the country. 360’s office in Silicon Valley will provide the Company a presence at the center of the latest developments in blockchain technology.

In addition to identifying investment targets, the 360’s Silicon Valley office will also allow the Company to grow its team and work with leading edge talent.

”To have a regional office in Silicon Valley is a significant step for 360. It provides our team with access at what is truly the heart of advancements in blockchain technologies,” said Mr. George Tsafalas, President and CEO. ”Silicon Valley represents a hotbed of opportunities and connectivity, which will allow us to accelerate our investments in early stage blockchain technologies,” added Mr. Tsafalas.

360 is currently conducting due diligence on multiple strategic investments within Silicon Valley and beyond, some of which are in advanced stages. The Company anticipates that it will be in a position to announce an investment within the blockchain, cryptocurrency space in the near term.

About 360 Blockchain Inc.

Our Mission:

To empower blockchain technologies with capital and experience to create exponential value.

Company Description:

360 Blockchain Inc. has an all-round view to accelerate the development and application of revolutionary blockchain technologies by investing capital and expertise. We are founded on the belief that blockchain technology, essentially a distributed ledger which is transparent and incorruptible, has the potential to transform the way business is conducted, delivering security, cost savings and efficiency gains not seen before in our internet connected world. 360 Blockchain will be focused upon identifying and empowering blockchain technologies applying to crypto-currencies, smart contracts, eSports, data management, the internet of things, equity trading, privacy applications and beyond.

For further information, please contact:

George Tsafalas
President & CEO
Telephone: 604-343-2977

Forward Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as ”plans,” ”expects,” ”is expected,” ”budget,” ”scheduled,” ”estimates,” ”forecasts,” ”predicts,” ”intends,” ”targets,” ”aims,” ”anticipates” or ”believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions ”may,” ”could,” ”should,” ”would,” ”might” or ”will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

SOURCE: 360 Blockchain Inc.

ReleaseID: 478014

DEADLINE TODAY: Levi & Korsinsky, LLP Reminds Shareholders of Depomed, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 17, 2017 – DEPO

By Levi & Korsinsky, LLP

NEW YORK, NY / ACCESSWIRE / October 17, 2017 / The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Depomed, Inc. (“Depomed”) (NASDAQ: DEPO) between February 26, 2015 and August 7, 2017. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Northern District of California. To get more information, go to:

or contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that, throughout the Class Period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Depomed engaged in questionable practices in connection with the sales and marketing of the Company’s opioid products; (ii) the foregoing conduct, when it became known, would likely
subject the Company to heightened legal and regulatory scrutiny; and (iii) as a result, Depomed’s public statements were materially false and misleading at all
relevant times.

On August 7, 2017, post-market, Depomed disclosed that the Company “received a request for information from the ranking minority member of the United States Senate Committee on Homeland Security and Governmental Affairs related to the promotion of opioids” and that the Company had received “subpoenas related to opioid sales and marketing from the Office of the Attorney General of Maryland and the United States Department of Justice.”

If you suffered a loss in
Depomed, you have until October 17, 2017
to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.


Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street – 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171

SOURCE: Levi & Korsinsky, LLP

ReleaseID: 478002

LGM Announces Successful Development of Self-Charging Electric Sail Boats

By Leo Motors Inc.

It Charges Electricity While Sailing

SEOUL, SOUTH KOREA / ACCESSWIRE / October 16, 2017 / LGM, Inc., a subsidiary of Leo Motors Inc. (OTCQB: LEOM) announced the development of an electric outboard regeneration system for sail boats. LGM’s new regeneration system is powered by hydraulic power, generating electricity while the boat sails in the wind. LGM applied their regeneration system on a 33 foot sailing yacht, charging 3kW~5kW per hour depending on wind speed.

Dr. Kang, chairman of LGM said, “We developed a sustainable electric boat using natural energy that uses wind to recharge batteries while under way, eliminating conventional charging processes.”

LGM’s electric inboard and outboard propulsion systems now range from 40 HP to 700 HP. All boat owners now have opportunities to convert from internal combustion engines to silent and stench-free cost efficient electric systems.

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “intends,” “anticipates,” “will,” or “plans” to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company’s reports and registration statements filed with the Securities and Exchange Commission.

For More Information Please Call

Princeton Research, Inc
Mike King 702.650.3000

SOURCE: Leo Motors Inc.

ReleaseID: 478026

SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces an Investigation of Ruby Tuesday, Inc. – RT

By Brodsky & Smith, LLC

BALA CYNWYD, PA / ACCESSWIRE / October 16, 2017 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Ruby Tuesday, Inc. (”Ruby Tuesday” or ”the Company”) (NYSE: RT – News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to a fund managed by NRD Capital (”NRD”).

Click here to learn more, or call: 877-534-2590. There is no cost or obligation to you.

Under the terms of the transaction, Ruby Tuesday shareholders will receive only $2.40 in cash for each share of Ruby Tuesday stock they own. The investigation concerns whether the Board of Ruby Tuesday breached their fiduciary duties to shareholders and whether NRD is underpaying for the Company. The transaction may undervalue the Company and would result in a substantial loss for many Ruby Tuesday shareholders. For example, shares of Ruby Tuesday stock have traded at $8.34 per share and an analyst has set an $5.00 per share price target for Ruby Tuesday stock.

If you own shares of Ruby Tuesday stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting, or calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Brodsky & Smith, LLC

ReleaseID: 478016

Urban Select Capital Corporation: News Release

Urban Select Capital Corporation: News Release

Vancouver, British Columbia (FSCwire) – Urban Select Capital Corporation (TSXV: CH) (“Urban Select” or the “Company”) announces that Shelley Leonhardt has been appointed as a director of the Company, effective as of October 1, 2017.

Ms. Leonhardt is an accomplished business executive with experience in both private and not for profit industries. Having an entrepreneurial spirit, strong work ethic and tenacity to achieve the desired result have been her secrets to success. With experience as a Director of Investor Relations, a Coach, a Business Consultant and as an Executive Director for non-profit organizations has provided Shelley with a unique and well-rounded business acumen. Besides her corporate life, Shelley has volunteered extensively in the community for over 25 years, sitting on numerous boards as both director and chair. Some of these have included the Nite of Hope, Richmond Mayor’s Executive, Richmond South Centre MLA Riding Association, Richmond Chamber of Commerce, and the BC Chamber of Commerce to name a few.

For further information, please contact:

David Yoo

Chief Financial Officer and Managing Director

Phone: 604-689-0618

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.

To view this press release as a PDF file, click onto the following link:

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Copyright © 2017 Filing Services Canada Inc.

MacPhersons Resources Ltd. Provides an Overview of the Boorara Gold Project in Western Australia in New SNNLive Video Interview on


LOS ANGELES, CA / ACCESSWIRE / October 16, 2017 /, The Official MicroCap News Source™, today published SNNLive Video Interview with Jeff Williams, Managing Director of MacPhersons Resources Ltd. (ASX: MRP), a Western Australian resource company with its focus on the advanced gold project at Boorara and the nearby Nimbus silver/zinc project is now under review for further metallurgical test work, according to the company’s website (see here: The video interview was recorded on Monday, September 18th, 2017 at the Precious Metals Summit 2017 in Beaver Creek, CO.

Click the following link to watch the SNNLive Video Interview on

MacPhersons Resources Ltd. – Western Australian Resource Company Focused on the Boorara Gold Project


Please review important disclosures on our website at:

About MacPhersons Resources Ltd.

MacPhersons Resources Ltd (MRP) is a Western Australian resource company with its focus on the advanced gold project at Boorara and the nearby Nimbus silver/zinc project is now under review for further metallurgical test work. The company’s main assets are located some 10 kilometres (km) due east of Kalgoorlie and are contained in 205 square kilometres of continuous tenements covering 20 km strike north and south of the Boorara Gold Project.

For more information about MacPhersons Resources Ltd., please visit:

About is a microcap financial news portal that features news and insights from the microcap and emerging growth financial community. is a multimedia destination hub for information about microcap and emerging growth public and private companies, market events, news, bulletins, stock quotes, expert commentary and company profiles that feature SNN-produced video like SNNLive CEO video interviews, as well as their latest news and headlines. Users can engage directly and share the information provided through social media.

Follow the companies YOU want to know more about; read and watch content from YOUR favorite microcap, emerging growth financial experts; register to attend financial conferences of YOUR choosing; find microcap and emerging growth financial professionals that YOU may be looking for – all here on


ReleaseID: 478012

St. Louis Media, LLCs’ publication STL.News “State of Publication”

STL.News is approching its one year anniversary with more than 5500 articles published

ST. LOUIS, MO, October 16, 2017 /24-7PressRelease/ — STL.News, owned, designed and managed by St. Louis Media, LLC (STLM) is excited to announce that STL.News has been an online news publication since June 30, 2016.

STL.News publishes International, national, local news, weather, and sports.

Our content for STL.News is obtained from sources believed to be reliable, such as AP, press releases distributed by various press releases distribution sites like PR Newswire, AP, and from our local team of dedicated journalists, some are recipients of Emmy and Telly awards for work unrelated to the content published on STL.News.

STL.News content can be seen in search results from the major search engines like Google, Bing and Yandex. Additionally, our content can be found on Google News, Google Newsstand, Bing News, Apple News, News360, and shared with a massive social media network expanding to more than 50 top-rated socials sites such as Google+, Facebook, Twitter, Pinterest, Instagram and much more.

St. Louis Media, LLC has focused primarily on the distribution of STL.News’ content since its inception in June 2016, which has resulted in a substantial increase in daily visitors.

STL.News takes pride in the publications low level of advertisements that result in frustrating many readers of popular newspapers. On the home page, two Google advertisements will show each reader matching advertisements based on past search interests. STLM has no intentions of adding pop-up advertisements and will limit the number of ads on the publication.

The source of revenue will be from paid content, such as press release distribution, income from Google for their advertisements and donations from sponsors entitling them to specific benefits for their supports, web design and website hosting. Regular monthly sponsors will be allowed to free press releases and even free website hosting.

Our future objectives of STL.News is to enhance the amount of content published on a daily basis, increase local news stories and provide more education information on its web pages.

STL.News was launched June 2016, began publishing AP content in November 2016, included in Bing News and Apple News late 2016 and the beginning of 2017, included in Google News February 2017 and then included in Google Newsstand August 2017. Additionally, our content is shared with more than 50 social sites, making our online distribution of content massive, even in the internet world.

Other features offered to our visitors is an online business directory listing and events listings. Visitors can purchase both for enhanced online visibility.

St. Louis Media, LLC also owns and manages STLRestaurant.News and oversees, which includes design, content management and website hosting for STLRealEstate.News.

St. Louis Media, LLC, owner and manager of STL.News is a web design firm that also offers SEO hosting services, SEO services, content management, ePostings, eListings and more.

Argex Titanium Product Completion

Argex Titanium Product Completion

MONTREAL, Québec (FSCwire)MONTREAL, Québec – October 16, 2017 – Argex Titanium Inc. (TSX: RGX) (“Argex” or “the Corporation”) is pleased to announce the completion of its tests on its pigment grade titanium dioxide product (TiO2). The analyses were made in comparison with three of the major competitive commercial products in the market and our TiO2 pigment meets or exceeds the standards of all of these in various tests required for commercial use.

External labs were validating the Argex results throughout the period.

The Company will now focus on producing samples for clients, on average one to two kg of finished product per week, creating an inventory to be available for potential users. Management of Argex met with the top potential clients at the TiO2 World Summit last week and generated a lot of interest for its product.

The process used to produce Argex TiO2 is the basis for engineering of a commercial plant which will replicate the quality of the samples tested in comparison with other major suppliers in the market.

Engineering work on the planned Technology Center will support the process technology in commercial licensing arrangements and is expected to be completed by the end of 2017, with project activity to commence at the beginning of the New Year, pending financing.

Argex is in advanced discussions with a Federal governmental agency specialized in supporting technological innovation to participate in the financing of the Technology Center.

“Regarding the Argex process, all five islands have been mass balanced on multiple ore sources. Solvent Extraction has been continuously operated for steady state performance in 24 hour-periods, and hydrolysis has been repeated more than 150 times. Calcination and drying have been repeatedly conducted at production process conditions, grinding produces the proper size range, and finishing is done with a reactor identical to that used by paint producers in their laboratories. Product quality has been verified by repeated analytical techniques on multiple samples”, said Carroll Moore, COO of Argex Titanium.

“The development works and collaboration with external parties to achieve these milestones have been extensive, and we are gratified that we have proven the commercial application of the Argex process, the product quality being exactly comparable to the best available in the market today”, said Mazen Alnaimi, Chairman and CEO of Argex Titanium. “With this data base of results, there is no doubt in my mind that a commercial process design can be established which will replicate the process developed in pilot scale at Valleyfield”, he added.

Mr. James P. Berresse has resigned as a director of the Company. Argex thanks Mr. Berresse for his valued contribution as a director. Argex’s Governance, Nominating and Compensation Committee will commence a search to fill the vacancy on the Board of Directors.

Multiple Tests achievements

  • Every test comparison that was run in the pilot plant over the last twelve months was based on product specifications of two of the top six pigment producers. Every comparison for size distribution and oil dispersion has been run against one or both of these materials.
  • Standard specifications include composition, color, TiO2 content, oil dispersion, Loss on Ignition (LOI) on final product, and comparative morphology by Scanning Electron Microscope (SEM).
  • Argex has run American Society for Testing and Materials (ASTM) standard methods on its product for applicable methods for dry pigment analysis.
  • We have compared the morphology of our product against three of the top six commercial products in SEM up to 100,000 magnifications. Such magnification is important because each particle can be visualized individually and evaluated on its characteristics, such as shape, sintering and de-agglomeration. Our product is equivalent to three of the top six commercial products in SEM comparisons.
  • We have run our product in XRF and XRD at McGill University for composition and this analysis has been validated in collaborator’s laboratories. This provides impurity measurements and degree of crystallization to evaluate remaining anatase content. The conclusion is that our product is 100% rutile.
  • Our product in oil dispersion is comparable and somewhat higher to two commercial products.
  • On white color, our product consistently measures higher than two commercial products in intensity, blue and yellow tint character, and is similar or higher in gloss.
  • Depending on coating composition, our product is 92.5 to 95.0 wt% TiO2 which is within specification range. Commercial products on the market advertise a similar range of composition depending on application.
  • On Transmission Electron Microscopy tests (TEM), we show a coating depth of 3-6 nm and the specified level is nominally 5 nm which would be uniform on a perfectly spherical particle.
  • Our final product size range is smaller than two other commercial products. Our mean size after milling is between 210-230 nm which is the perfect range for masking in a paint formulation.
  • Our product meets or exceeds the quality of the major competitive products in the market. Paint testing is a secondary issue with respect to product quality and is a subjective test run by paint industry users. With this degree of analytical background on our product there is no technical reason the material would not pass a standard paint test and this will be verified in more than one lab in the next few weeks.

About Argex Titanium

Argex Titanium Inc. has developed an advanced chemical process for the volume production of high-grade titanium dioxide (TiO2) for use in high-quality paint, plastics, cosmetics and other TiO2 applications. The Corporation’s unique proprietary process uses relatively inexpensive and plentiful source material from a variety of potential vendors to produce TiO2, along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.

Forward-Looking Statements

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including additional closings of the private placement referred to above, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex’s control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2016, which is available on SEDAR at; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.


Mazen Alnaimi

Chairman and Chief Executive Officer

Argex Titanium Inc.

Gladys Caron

Corporate Communications and Investor Relations

Argex Titanium Inc.

To view this press release as a PDF file, click onto the following link:

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Copyright © 2017 Filing Services Canada Inc.

Prophecy Closes $1,858,325 Final Tranche of Private Placement, Schedules Special Meeting of Shareholders and Engages Advisors

Prophecy Closes $1,858,325 Final Tranche of Private Placement, Schedules Special Meeting of Shareholders and Engages Advisors

Vancouver, British Columbia (FSCwire)Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCPK:PRPCF, Frankfurt:1P2N) announces that it has closed the second and final tranche of its non-brokered private placement previously announced on August 25, 2017, increased on September 1, 2017, and further increased on October 4, 2016 (the “Placement”). The second and final tranche of the Placement raised gross cash proceeds of $1,858,325 through the issuance of 116,578 units (the “Units”) and 414,371 special warrants (the “Special Warrants”) of Prophecy, at a price of $3.50 each. Each Unit is comprised of one Common share and one half of one Common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one additional Common share of the Company at an exercise price of $4.00 for a period of three years from the closing of the second tranche of Placement. Each Special Warrant will be exercisable for one Unit at no additional cost to the holder provided TSX and shareholder approval for the issuance of the Units underlying the Special Warrants is obtained at a special meeting of shareholders to be held on December 15, 2017 at 10:00 a.m. (PST) (the “Special Meeting”) at Suite 488 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7.

All Common shares attached to the Units issued in connection with this second and final tranche of the Placement are subject to a four month and one day hold period.

The Company paid in cash, finder’s fees totaling $56,020 and issued 9,326 finder’s Special Warrants which are exercisable on identical terms as those Special Warrants issued to subscribers through the Placement.

The first tranche of the Placement, grossing $4,539,390 in proceeds, closed on September 20, 2017.

The total gross aggregate Placement proceeds of $6,397,715 are expected to be used for the Company’s mineral project development and for general working capital purposes.

The Company also announces that it has entered into Debt Settlement Agreements with certain directors and officers of the Company pursuant to which, the Company has agreed, subject to the approval of the TSX and disinterested shareholders at the Special Meeting, to issue an aggregate of 42,254 Units, in satisfaction of an aggregate of $147,898 of indebtedness currently owed by the Company to such persons.

The Company further announces that it has entered into a Consulting Agreement with Skanderbeg Capital Advisors Inc. (“Skanderbeg”) to explore and evaluate strategic alternatives to maximize value for Prophecy’s non-core assets in exchange for the issuance of 98,420 Units. Skanderbeg will draw on their extensive network of contacts and advise on optimal structure for potential transactions, which can include outright sales or partial sales of mineral claims and/or subsidiaries, corporate spin-offs, joint-ventures with major mining producers, mergers, consolidations with other assets, etc. At the Special Meeting, shareholders will also be asked to approve the issuance of such Units to Skanderbeg.

The Company also further announces that it has entered into an Advisory Agreement with Hillcrest Merchant Partners Inc., who has agreed to provide corporate development and financial advisory services related to the Company’s Gibellini vanadium project, including equity and debt arrangement, product off-take, merger and acquistion negotiations with any strategic investors in exchange for annual aggregate payments totaling $156,000.

About Prophecy

Prophecy Development Corp. is a Canadian public company listed on the Toronto Stock Exchange. The Company aims to provide exposure and leverage to rising vanadium prices by defining and adding attributable vanadium resources in the ground in politically safe jurisdictions.

Further information on Prophecy can be found at




Executive Chairman

For more information about Prophecy, please contact Investor Relations:


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

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management’s expectations regarding Prophecy’s future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements.

These factors should be considered carefully, and readers should not place undue reliance on the Prophecy’s forward-looking statements. Prophecy believes that the expectations reflected in the forward-looking statements contained in this news release and the documents incorporated by reference herein are reasonable, but no assurance can be given that these expectations will prove to be correct. In addition, although Prophecy has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Prophecy undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

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Copyright © 2017 Filing Services Canada Inc.

Stans Energy Receives Favourable Jurisdiction Ruling

Stans Energy Receives Favourable Jurisdiction Ruling

Toronto, Ontario (FSCwire) – Stans Energy Corp. (TSX-V: HRE, OTC: HREEF), (“Stans” or the “Company”) announces that a ruling has been handed down by the High Court of Justice of England and Wales (the Commercial Court) (“the English Court”) in the proceedings initiated by the Kyrgyz Republic (the “Republic”) to set aside the award on jurisdictional objections rendered by the Arbitral Tribunal on January 25, 2017 (“the Award”) in the UNCITRAL arbitration brought by the Company and Kutisay Mining LLC against the Republic. The Company prevailed before the English Court. The Republic’s claim was rejected.

On February 22, 2017, the Republic notified the Company that it had filed a claim before the English Court to set aside specific paragraphs of the Award. This claim was brought under section 67 of the Arbitration Act 1996. The Republic was able to have recourse to the English Court on this point because, after the arbitration had been commenced, the parties agreed that it be seated in London.

In its decision, the English Court rejected the Republic’s argument and supporting expert evidence in respect of the interpretation of the dispute resolution provision in the 2003 Law of the Kyrgyz Republic on Investment. It accepted that, under that law, a foreign investor is permitted to submit any dispute concerning the implementation of investments to arbitration and not only disputes concerning the sale of investments, as submitted by the Republic.

“It is encouraging to have the High Court of Justice rule in the Company’s favour. Despite all attempts by the Republic to delay and obstruct the settlement of our Claim against them, the proceedings are moving towards the final merits stage. I would like to thank our counsel before the English court: Ben Juratowitch QC, Belinda McRae instructed by Freshfields Bruckhaus Deringer,” states Rodney Irwin, CEO and President.

The proceedings before the Arbitral Tribunal continue with the Parties’ submissions on the merits (and remaining jurisdictional objections). A hearing is expected to be held in April 2018.

About Stans Energy

Stans Energy Corp. is a resource development company focused on advancing rare and specialty metals properties and processing technologies. Stans is now transitioning into a supplier of materials and technologies that will assist in satisfying the future energy supply, storage and transmission needs of the world. Previously, the Company acquired, among other things, the right to mine the past producing rare earth mine, Kutessay II, in the Kyrgyz Republic. Due to the expropriation actions taken by the Government of the Kyrgyz Republic, the Company is undertaking international arbitration litigation to protect the Company’s rights and recover damages estimated at over US$210,000,000, caused by the Republic.

We seek safe harbour.

Contact Details

Rodney Irwin

David Vinokurov

Stans Energy Corp

Stan Energy Corp

Interim President & CEO

VP Corporate Development



FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, use of proceeds from the Offering, the completion of the Offering, the continued advancement of the company’s general business development, research development and the company’s development of mineral exploration projects. When used in this press release, the words “will”, “shall”, “anticipate”, “believe”, “estimate”, “expect”, “intent”, “may”, “project”, “plan”, “should” and similar expressions may identify forward-looking statements. Although Stans Energy Corp. believes that their expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statement. Important factors that could cause actual results to differ from these forward-looking statements include the potential that fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made with Canadian Securities Regulators.

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