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Centamin PLC Announces Significant Côte d’Ivoire Resource Increase

By RNS London Stock Exchange

Significant Côte d’Ivoire Resource Increase

PERTH, AUSTRALIA / ACCESSWIRE / February 15, 2019 / Centamin is pleased to announce the results of the 120,000 metres drill programme in 2018, across the Company’s wholly own landholdings, resulted in an increase in mineral resources by more than 100%. A maiden resource has been declared at the ABC Project and the Doropo Project mineral resource has grown by 58%. Building on these results, a further 90,000 metres is budgeted and underway for 2019.

HIGHLIGHTS

Doropo
Project (“Doropo”)

• 2.13Moz Indicated and 0.8Moz Inferred mineral resource, at a gold cut-off of 0.5g/t:

o 50 million tonnes at 1.31 g/t gold in the Indicated category, a 55% increase in resource tonnes YoY;

o 19 million tonnes at 1.3g/t gold in Inferred category; and

o 57,000 metres of reverse circulation (“RC”) drilling completed in 2018.

• Successfully increased the estimated tonnages at all the previously defined resource structures and discovery of new structures capable of adding further resources;

• Updated mineral resource sits within a 6km radius area, extends from surface to a maximum depth of 250m, suitable for open pit mining and trucking to one central processing facility.

• Doropo licence holding of 2,721km2 remains largely underexplored with numerous targets identified, presenting significant resource upside potential.

• Discovery of Kilosegui, an 8km long surface soils-auger anomaly to be tested with drilling during 2019.

• Further positive results from Chegue (15m @ 8.4g/t Au), Han (7m @ 23.4g/t Au), Kekeda (13m @11.2g/t Au), Hinda (10m @ 5.8g/t Au) and Nokpa (37m @ 6.4g/t Au) with the main resource structures remaining open at depth and along strike. A table of significant drill highlights included within the announcement.

• A 55,000 metre drill programme is budgeted for 2019 to develop the immediate resource extensions and evaluate the resource significance of the major regional Doropo targets.

• Preliminary economic assessment (“PEA”) progresses on schedule for completion by H2 2019; Maiden mineral reserve estimation targeted by Q2 2019, supporting the next stage feasibility work ahead of a Board investment decision on development.

ABC
Project (“ABC”)

• Maiden resource estimate declared at Kona South prospect, at a 0.5 g/t gold cut-off:

o 19.6 million ore tonnes at 1.03 g/t gold in the Indicated category for 650koz of gold;

o 16.1 million ore tonnes at 0.87 g/t gold in the Inferred category for approximately 450koz of gold;

o The mineral resource area is defined from surface, along a 2.3 km strike, and remains open in all directions; and

o Detailed 3D grade modelling indicates there are high-grade plunging shoots within the 50m x 50m broad-spaced drilling.

• Excellent conversion from discovery to defined mineral resource:

o Active exploration started Q2 2017, first gold mineralisation discovered Q3 2017, delineating the Lolosso Gold Corridor (“LGC”), a gold anomaly with a 23km strike length;

o 25,000 metres drilled to date across the ABC landholding, of which 65% was focussed on the Kona South prospect;

o Average discovery cost of US$8.50 per Indicated ounce; and

o Encouraging drill intercepts returned at the Kona Central prospect; Resource upside potential with further assessment, infill drilling and 3D modelling planned during 2019.

• Preliminary metallurgical test work suggests no major metallurgical issues with high recovery rates expected from conventional CIL processing.

• A 34,000 metres drill programme is budgeted for 2019 focussing on resource development at Kona Central and Kona South, while testing the resource extension potential between the two prospects, drill testing high priority targets along the LGC in addition to airborne magnetic/radiometric surveying and geochemical sampling.

Mineral
Resources

The mineral resource data presented in the tables included in this announcement, comprise a summary extract of the of the Doropo and ABC mineral resource report, using drill assay results received up to and including 10 December 2018. For comparative purposes, data for 2017 has been included for Doropo. In the instance of ABC, this is a maiden mineral resource and therefore no previous data has been provided for comparative purposes. Numbers have been rounded and therefore they may be small differences in the totals.

2018

2017

Category

Tonnage (Mt)

Grade (g/t)

Gold Content (Moz)

Tonnage (Mt)

Grade (g/t)

Gold Content (Moz)

Doropo Project

Measured

(0.5g/t cut-off)

Indicated

50

1.31

2.13

32.6

1.3

1.35

M+I

50

1.31

2.13

32.6

1.3

1.35

Inferred

19

1.3

0.8

24.8

1.2

0.90

ABC Prospect

Measured

(0.5g/t cut-off)

Indicated

20

1.03

0.65

M+I

20

1.03

0.65

Inferred

16

0.9

0.5

Andrew
Pardey, CEO commented:

“2018
saw a further increase in our investment and level of activity in CDI across
our 3,472km² land holding. We have only scratched the surface of the
potential of these assets, and we are maintaining an intensive campaign in 2019
to define further quality gold ounces.

Doropo
continues to demonstrate the potential to be our next organic development
project. Ongoing exploration and concurrent viability studies will further
unlock the potential future scale of this project as we assess the economics
against our internal project value creation criteria. The PEA is progressing
well and we look forward to reporting the results to the market at the end of
H2 2019. Delivery of a maiden reserve and further feasibility work are critical
milestones for 2019, ahead of a Board decision on capital allocated for
development.

The
success and scale of the 2018 ABC discovery results and the reporting of the
maiden Kona South resource in less than two years of active exploration,
highlights the scale and quality of the Lolosso Gold Corridor and the regional
generative potential of the ABC land package.

Centamin’s
core strategy remains on delivering returns using its highly cash generative
business which not only delivers a high yield for its shareholders as per our
sustainable dividend policy, but also delivering fully funded growth from our
exciting exploration portfolio.”

Qualified
Person and Quality Control

Information of a scientific or technical nature in this document, including but not limited to the mineral resource estimates, was compiled by Group geologists, Pierrick Couderc and Fidele Kakou, under the supervision of Group Qualified Person, Norman Baillie, Group Exploration Manager, and independent Qualified Person, Rupert Osborn of H&S Consultants Pty Ltd. A Qualified Person is as defined by the National Instrument 43-101 of the Canadian Securities Administrators.

Named Qualified Persons have verified the data disclosed, including sampling, analytical, and test data underlying the information or opinions contained in this announcement in accordance with standards appropriate to their qualifications. Each Qualified Person consents to the inclusion of the information in this document in the form and context in which it appears.

Investors should be aware that the figures stated are estimates and no assurances can be given that the stated quantities of metal will be produced.

Mineral resource estimates contained in this document are based on all available data as at 10 December 2018, in accordance with Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definition standards and incorporated into National Instrument 43-101 “Standards of Disclosure for Mineral Projects” (NI-43101), at a gold cut-off grade of 0.5g/t.

For further information,
please visit
www.centamin.com or contact:

Centamin plc

Andrew Pardey, Chief Executive Officer

Alexandra Carse, Investor Relations

+44 (0) 7700 713 738

alexandra.carse@centamin.je

Buchanan
Communications

Bobby Morse

Chris Judd

+ 44 (0) 20 7466 5000

centamin@buchanan.uk.com


Background

DOROPO
PROJECT

The Doropo Project, located in the northeast Cote d’Ivoire, consists of nine permits, over a 2,721km2 highly prospective landholding that lies between the Boromo-Batie and the Hounde-Tehini greenstones belts.

The Company began extensive exploration at Doropo in late 2014, leading to maiden resource declared in 2017. The Company’s experienced exploration team have achieved year-on-year resource growth. The team applies a systematic approach to prioritise resource-focussed target generation and ranking to fast-track the most prospective target.

Geology

The Doropo landholding lies entirely within the granitic domain, bounded on the eastern side by the Boromo-Batie greenstones belt, in Burkina Faso, and on the western side by the Tehini-Hounde greenstones belt.

At the project scale, the geology consists of a granite-gneiss terrain, the granite being mostly of coarse granodioritic composition, bound by major bimodal greenstone belts, which express progressive assimilation and strain gradients at the margins, evidenced by the presence of pyroxenites and amphibolites in the volcanic suites and migmatites in the granitoids (mostly on the western side).

Gold mineralisation occurs late in the regionally-extensive, reactivating compressional shear networks, framed by intense silica-sericite-carbonate alteration haloes. The main structural hosts are cross-cutting quartz veins with diffuse overprinting with fine to medium grained pyrite sulphide selvages. Gold grade correlates with the density of pyrite and high grades are correlated with native gold within the structural laminations and contacts of the quartz veining. The veins range up to several metres. Late regional, post-gold, doleritic dykes intrude along a number of the gold-bearing shear structures.

Exploration

In 2018, nearly 100,000 metres were drilled across Doropo. Over 56,000 metres of RC drilling focusing on mineral resource definition and exploration targeting; 36,000 metres of aircore and auger drilling defining new strong surface anomalies and follow up targets; and approx. 2,800 metres of diamond drilling for metallurgical test work samples as part of the PEA study.

Assay results received in 2018 significantly extended Chegue Main, Chegue South and Enioda deposits, defined new high-grade shoots at Souwa, Han and Nokpa and discovered the new Tchouahinin resource. The Doropo mineral resource grew to 2.13Moz at 1.31g/t in the Indicated category, and 760koz at 1.3g/t in the Inferred category, using a 0.5g/t cut-off grade.

The currently defined mineral resource deposits lie within a 6km radius. Souwa, Nokpa, Chegue Main and Chegue South, which hosts 75% of the total mineral resource, are clustered within 3km radius of a proposed plant location. Han, Kekeda Tchouahinin are satellite deposits located 4 to 6km to the southeast and Enioda sits 12km to the east.

The Souwa deposit currently hosts the largest resource and remains structurally open in all directions. Mineralisation extends over a 2.6km strike and dips 25o west to greater than 250m vertical depth. Drilling in 2019 will target the down-plunge extensions of the composite high-grade shoots and the northern strike extension of the resource to where it intersects the Nokpa-Chegue structure.

The Nokpa deposit returned some excellent intercepts, including: 37m at 6.4g/t, 9m at 14.0g/t, 2m at 19g/t. Nokpa is centred on a high-grade WNW moderately plunging shoot. The high-grade core sits in a 200m long dilational jog created at the intersection of 3 major structures; the major Nokpa-Chegue Main shear, the Souwa shear and a third major fault infilled by late dykes. Mineralisation extends to 300m vertical depth and remains open. 2019 drilling will chase the high-grade plunge of the core Nokpa lode and similar structural analogs within the proximal district.

Drilling has successfully connected both Chegue Main and Nopka, along a 2.4km strike mineralised structure. Drilling started and will be ongoing in 2019, testing the potential to close the mineral resource gap between the two defined deposits.

Similar in origin to Nokpa, Chegue South hosts a significant resource immediately south of the Nokpa-Chegue Main shear zone. Drilling and exploration in 2018 drilling solidified the high-grade shoots within the resource and extended on plunge and towards the south.

Infill drilling at Kekeda and Han satellite deposits will continue into 2019 with the objective of improving the resource confidence classification. Tchouahinin, located centrally within the resource area, 3km between Souwa and Kekeda, is a new satellite deposit. The mineralisation is currently defined along 700m strike and open in all directions. 2019 drilling will continue to develop the new Tchouahinin structural setting.

At Enioda deposit, drilling successfully bridged two smaller shoots into a coherent 2.2km long surface deposit which strikes north to south and dips 40° west. Enioda forms the southernmost section of a continuous 7km regional mineralised shear. Drilling in 2019 will continue to develop the Enioda resource on strike and down dip.

Mineral Resources, by deposit

(0.5g/t gold cut-off)

as at 31 December 2018

as at 31 December 2017

Indicated

Inferred

Indicated

Inferred

Deposits

Tonnes (Mt)

Grade (g/t)

Gold (Moz)

Tonnes (Mt)

Grade (g/t)

Gold (Moz)

Tonnes

(Mt)

Grade (g/t)

Gold (Moz)

Tonnes (Mt)

Grade (g/t)

Gold (Moz

Souwa

18.1

1.41

0.82

6.3

1.5

0.30

15.4

1.4

0.65

7.2

1.3

0.29

Nokpa

6.9

1.30

0.29

1.8

1.2

0.07

5.1

1.4

0.22

4.9

1.3

0.20

Chegue Main

5.7

1.05

0.19

1.4

0.9

0.04

2.3

1.0

0.08

2.3

0.9

0.06

Chegue South

6.8

1.31

0.29

3.4

1.2

0.13

4.6

1.4

0.2

3.6

1.1

0.12

Kekeda

4.1

1.17

0.15

1.2

1.2

0.05

2.0

1.2

0.07

2.0

1.2

0.07

Han

3.8

1.48

0.18

1.6

1.4

0.07

3.2

1.3

0.13

1.5

1.2

0.06

Tchouahinin

1.3

1.44

0.06

1.0

1.0

0.03

Enioda

3.9

1.20

0.15

2.2

1.0

0.07

3.2

0.9

0.1

Total Doropo Mineral
Resources

50.5

1.31

2.13

18.99

1.25

0.76

32.55

1.3

1.35

24.9

1.2

0.9

Outside of the 6km radius mineral resource area, regional Doropo exploration focused generative geochemical surveys on Tehini 1, 2 and 3 permits, Gogo and Bouna. The most significant discovery of 2018 was the Kilosegui anomaly, a coherent 8km long gold in soils-auger anomaly with strong subjacent magnetic structure, located 35km south-west of Souwa, straddling the Tehini 1 and 2 permit boundary. Further new additional target anomalies were defined in Kalamon, Danoa and Gogo permits. First pass drilling will commence on the Kilosegui target imminently and the prioritised new targets will be drilled throughout H1 2019.

2018 Significant Drill
Intercepts
(0.3g/t cut-off)

TENEMENT ID

PROSPECT ID

HOLE ID

FROM (m)

TO (m)

INTERVAL (m)

GRADE (Au g/t)

KALAMON

Chegue

DPRC2103

12

27

15

8.4

KALAMON

Chegue

DPRC2105

13

22

9

9.7

KALAMON

Chegue

DPRC0913

64

66

2

38.3

KALAMON

Chegue

DPRC2139

46

57

11

5.5

KALAMON

Chegue

DPRC2116

66

71

5

10.7

KALAMON

Chegue

DPRC2054

26

41

15

3.1

KALAMON

Chegue

DPRC2344

36

39

3

12.2

KALAMON

Chegue

DPRC2069

93

97

4

6.3

KALAMON

Chegue

DPRC0920

145

148

3

5.3

DANOA

Enioda

DPRC2026

67

75

8

8.5

DANOA

Enioda

DPRC2156

21

25

4

16.1

DANOA

Enioda

DPRC2178

104

110

6

7.0

KALAMON

Han

DPDD1433

95

102

7

23.4

KALAMON

Han

DPRC2295

89

92

3

14.7

KALAMON

Hinda

DPRC2213

13

23

10

5.8

KALAMON

Kekeda

DPDD1439

45

58

13

11.2

KALAMON

Kekeda

DPRC2275

107

110

3

7.0

KALAMON

Kekeda

DPRC0983

5

8

3

6.0

KALAMON

Nokpa

DPRC2265

70

107

37

6.4

KALAMON

Nokpa

DPRC0899

37

46

9

14.0

KALAMON

Nokpa

DPRC2367

70

110

40

3.1

KALAMON

Nokpa

DPRC2263

71

111

40

2.7

KALAMON

Nokpa

DPRC2368

93

132

39

2.4

KALAMON

Nokpa

DPRC0900

49

63

14

6.4

KALAMON

Nokpa

DPRC2242

69

81

12

6.5

KALAMON

Nokpa

DPRC2241

26

36

10

6.4

KALAMON

Nokpa

DPRD1411

252

273

21

3.0

KALAMON

Nokpa

DPRC2248

114

120

6

9.4

KALAMON

Nokpa

DPRC2365

73

78

5

10.4

KALAMON

Nokpa

DPRD1409

298

313

15

3.2

KALAMON

Nokpa

DPRC2243

9

16

7

6.7

KALAMON

Nokpa

DPRC2266

114

120

6

7.4

KALAMON

Nokpa

DPRC2258

104

106

2

19.0

KALAMON

Nokpa

DPRC2365

18

21

3

12.1

KALAMON

Nokpa

DPRC2254

110

114

4

8.8

KALAMON

Nokpa

DPRC0901

47

50

3

11.2

KALAMON

Nokpa

DPDD1427

187

191

4

6.2

KALAMON

Nokpa

DPRC2242

24

26

2

11.4

KALAMON

Souwa

DPRC2413

9

27

18

10.4

KALAMON

Souwa

DPRC0891

36

61

25

3.7

KALAMON

Souwa

DPRC2089

8

11

3

30.5

KALAMON

Souwa

DPRC0893

67

84

17

3.4

KALAMON

Souwa

DPRC2426

30

34

4

8.3

KALAMON

Souwa

DPRC2424

19

22

3

8.0

KALAMON

Tchouahinin

DPRC2337

76

80

4

39.7

KALAMON

Tchouahinin

DPRC2216

41

48

7

8.1

ABC
PROJECT

The ABC Project, located in northwest Côte d’Ivoire, approximately 600km west of Doropo, the Company’s advanced exploration project. ABC is a greenfield exploration project, consisting of two permits, Kona and FarakoNafana, covering a 750km2 highly prospective landholding along the underexplored contact zone between the Archean and Birimian cratons. The Company has an additional four permits under application.

Geology

The LGC is characteristically 300m to 800m wide, hosting a greenschist to low amphibolite grade, Birimian volcano-sedimentary greenstone package thrusted between an earlier granitoid of Archaean age inferred from structural position to the west and a paragneiss on the east. The eastern footwall contact is a major structural and metamorphic feature and it controls the regional setting of the gold mineralisation along the corridor. The paragneiss is interpreted to be the stratigraphic continuity of the detrital sediments but at higher granulite facies.

Surface geochemistry clearly maps the core of the LGC along a 23km strike which runs axially through the Kona permit. The two main prospects, identified by the initial mapping and rock chip sampling, were subdued silicified ledges in the topography. These anomalous ridges developed into the Kona South and Kona Central Prospects. On a regional scale, mapping and remote sensing of the LGC defined a 60km structural feature.

Exploration

After the permits were granted, greenfield exploration began in early 2017 with reconnaissance mapping and initial rock chip sampling of the Kona permit area.

Geochemical sampling identified the LGC, at the time as an outcropping 12km gold mineralised structure. Further detailed fieldwork, including GAIP survey and c.5,900 metre RC drill programme was carried out in 2017, returning the first significant mineralised intercepts on some wide spaced and shallow drill sections.

In 2018, exploration activities successfully focussed on developing the Kona South prospect by RC and Diamond drilling, while extending the understanding of surface geochemistry through a c.20,000 metre auger drilling programme to cover the whole of the LGC length in the Kona permit. The auger results have highlighted the strike continuity in mineralisation, plus multiple sub parallel zones along the +23km strike of the LGC. Surface geochemistry sampling also began on the FarakoNafana permit that overlays the northern extend of the Lolosso structure.

In 2018, an 18,500 metre drill programme was completed (including c.13,400 RC metres and 5,100 diamond drill metres). Significant drill intercepts are reported quarterly as part of our detailed Quarterly Results, which can be found on the Company’s website. The table at the end of this announcement shows 2018 highlight drill intercepts, including new intercepts published for Q4, clearly annotated. The primary objective of 2018 was the delivery of a maiden resource estimate for Kona South. The Kona South maiden resource stands at 650koz at 1.03 g/t Indicated category and 450koz at 0.87g/t Inferred category, at a 0.5 g/t cut off. The table below shows how the resource behaves at higher cut-offs.

as at 10 December 2018

Indicated

Inferred

Cut-off (g/t)

Tonnage (Mt)

Grade (g/t)

Gold content (Moz)

Tonnage (Mt)

Grade (g/t)

Gold content (Moz)

0.5

19.6

1.03

0.65

16

0.9

0.45

0.6

16.4

1.13

0.59

12

1.0

0.37

0.7

13.6

1.23

0.54

9

1.1

0.31

0.8

11.3

1.32

0.48

6

1.3

0.26

0.9

9.4

1.42

0.43

5

1.4

0.21

1.0

7.7

1.52

0.38

4

1.5

0.18

Beyond the Kona South and Central ridges that have been tested by some drilling, the LGC is totally virgin from any other exploration work other than the surface work (mapping, geochemistry, geophysics). Geochemistry results (auger) successfully delineated the anomalous contacts and internal plumbing of the LGC, highlighting several new resource potential targets along it.

Modelling

To support the rapidly growing resource, a detailed 4D geological modelling exercise was conducted reviewing the core logging and the regional context of the macro-structure hosting the deposits. Detailed geological interpretations were compiled from prospect mapping, satellite imagery and geophysical imagery. These district geological models were integrated with the evolving drill database to produce sophisticated resource models, based on detailed structural modelling and direct deeper plunge drill targeting.

The Kona South resource remains open in all directions and detailed 3D grade modelling indicates there are higher-grade, plunging shoots within the broad-spaced resource drilling. Additional resource quality intercepts were identified at wide spacing in Kona Central, which require closer examination, infill drilling and 3D modelling in 2019.

2019

Building on the success of 2018, exploration continues, including a 34,000 metre drill programme focussing on resource development at Kona Central and Kona South, while testing the resource extension potential between the two prospects, drill testing high priority targets along the LGC, airborne magnetic/radiometric surveying, and geochemical sampling.

2018 Significant Drill
Intercepts
(0.3g/t cut-off)

Drill assays received in Q4 2018 and subsequently not previously reported are highlighted with the annotation “Q4” in the final column, titled “NEW RESULTS (Q4 2018)”.

TENEMENT ID

PROSPECT ID

HOLE ID

FROM (m)

TO (m)

INTERVAL (m)

GRADE (Au g/t)

NEW RESULTS (Q4 2018)

KONA

Lolosso corridor

KNDD0002

102.0

155.0

53.0

1.2

KONA

Lolosso corridor

KNDD0004

173.0

202.0

29.0

1.2

KONA

Lolosso corridor

KNDD0001

112.1

136.0

23.9

1.2

KONA

Lolosso corridor

KNDD0001

174.7

191.8

17.1

1.6

KONA

Lolosso corridor

KNDD0004

163.0

170.8

7.8

3.2

KONA

Lolosso corridor

KNRC0091

39.0

83.0

44.0

2.5

KONA

Lolosso corridor

KNRC0082

20.0

120.0

100.0

0.8

KONA

Lolosso corridor

KNRC0079

16.0

76.0

60.0

1.2

KONA

Lolosso corridor

KNRC0081

5.0

88.0

83.0

0.8

KONA

Lolosso corridor

KNDD0007

30.0

66.0

36.0

1.4

KONA

Lolosso corridor

KNRC0074

1.0

30.0

29.0

1.5

KONA

Lolosso corridor

KNRC0077

122.0

153.0

31.0

1.4

KONA

Lolosso corridor

KNRC0078

128.0

158.0

30.0

1.5

KONA

Lolosso corridor

KNDD0013

182.8

209.0

26.3

1.5

KONA

Lolosso corridor

KNRC0073

1.0

26.0

25.0

1.5

KONA

Lolosso corridor

KNRC0083

14.0

38.0

24.0

1.2

KONA

Lolosso corridor

KNRC0093

103.0

127.0

24.0

1.2

KONA

Lolosso corridor

KNRC0084

69.0

90.0

21.0

1.2

KONA

Lolosso corridor

KNDD0013

172.0

180.5

9.0

2.7

KONA

Lolosso corridor

KNRC0136

185.0

244.0

59.0

1.7

Q4

KONA

Lolosso corridor

KNRC0131

192.0

237.0

45.0

1.7

Q4

KONA

Lolosso corridor

KNDD0017

206.5

243.0

36.5

1.9

Q4

KONA

Lolosso corridor

KNDD0014

78.0

131.3

53.3

1.3

Q4

KONA

Lolosso corridor

KNRC0114

29.0

59.0

30.0

2.2

Q4

KONA

Lolosso corridor

KNRC0112

107.0

149.0

42.0

1.5

Q4

KONA

Lolosso corridor

KNDD0019

107.2

160.1

52.9

1.2

Q4

KONA

Lolosso corridor

KNRC0138

184.0

244.0

60.0

1.0

Q4

KONA

Lolosso corridor

KNRC0117

6.0

56.0

50.0

1.1

Q4

KONA

Lolosso corridor

KNRC0130

45.0

93.0

48.0

1.1

Q4

KONA

Lolosso corridor

KNDD0020

105.0

154.0

49.0

1.1

Q4

KONA

Lolosso corridor

KNRC0111

112.0

144.0

32.0

1.5

Q4

KONA

Lolosso corridor

KNRC0132

184.0

201.0

17.0

2.6

Q4

KONA

Lolosso corridor

KNRC0126

70.0

96.0

26.0

1.7

Q4

KONA

Lolosso corridor

KNRC0122

122.0

150.0

28.0

1.5

Q4

KONA

Lolosso corridor

KNRC0116

1.0

37.0

36.0

1.2

Q4

KONA

Lolosso corridor

KNRC0127

0.0

33.0

33.0

1.2

Q4

KONA

Lolosso corridor

KNRC0134

12.0

34.0

22.0

1.7

Q4

KONA

Lolosso corridor

KNRC0118

86.0

110.0

24.0

1.2

Q4

KONA

Lolosso corridor

KNRC0123

71.0

85.0

14.0

1.8

Q4

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Centamin PLC

ReleaseID: 535472

Far Resources Secures CAD $12 Million Equity Facility with New York-Based Alumina Partners.

By Far Resources Ltd.

VANCOUVER, BC / ACCESSWIRE / February 15, 2019 / Far Resources Ltd (CSE:FAT) (FSE:F0R) (OTC:FRRSF) is pleased to announce that it has secured a non-exclusive draw-down equity facility of up to CAD $12 million with Alumina Partners, LLC, a New York-based private equity firm.

As well as strengthening the company’s balance sheet, the facility will allow Far to pursue its highly successful exploration activities at Zoro and Hidden Lake and to take advantage of new opportunities in the technology metals sector, increasing its ability to move quickly with new strategies.

The terms of the agreement will allow Far to draw down capital at will, on an as-needed basis, in a series of equity private placements of up to CAD $1 million each over a 24-month period, in accordance with exchange policies. The objective is to provide Far with more flexible access to capital at the Company’s sole discretion.

“This represents a significant milestone for Far,” said Far President and CEO, Toby Mayo. “This partnership and cornerstone investment from Alumina will allow the company to advance its excellent Canadian hard rock lithium assets—which are standing up to multiple rounds of expansive exploration—and to pursue its longer term strategies in the sector. The next 12 to 24 months look extremely exciting for the company as we raise our profile and move to become a major participant in North American technology metals.”

“We are very excited to support Far Resources in their ambitious plans to not only expand their footprint in the lithium space but also to transformatively grow their business to better reflect the mission critical role that lithium plays in the global mobile technology market,” added Adi Nahmani, Managing Member of Alumina Partners, LLC. “We were deeply impressed by management’s expertise not just in the science of their own business but also their planned outreach to the high-margin, high-demand industries that depend on more and more lithium to supply their growth. We look forward to investing in Far and to watching 2019 unfold.”

Financing

Pursuant to the terms of the Agreement, Far is able to draw-down capital at will, on an as-needed basis and subject to acceptance by Alumina Partners, in a series of separate equity private placement tranches of up to CAD $1 million (each, a “Tranche”) over a 24-month period, in accordance with the policies of the Canadian Securities Exchange (the “CSE”). Each Tranche will be comprised of units (the “Units”), each Unit consisting of one common share in the capital of the Company (each, a “Share”) and one-half (1⁄2) of one common share purchase warrant (each, a “Warrant”), with each whole Warrant entitling the holder to acquire one additional Share for a period of 36 months from the date of issuance. The Units will be issued at discounts ranging from 15% to 25% of the market price of the Shares at the time of the draw-down (the “Market Price”), with each Tranche occurring exclusively at the option of the Company, throughout the two-year term of the Agreement. The exercise price of the Warrants will be at a 50% premium over the Market Price of the Shares. In the event the 10-day volume weight average price of the Shares, as traded on the CSE, commencing four months and one day from the closing of the applicable Tranche is equal to or greater than 200% of the Warrant exercise price, the Company may accelerate the expiry of the Warrants by providing notice to the shareholders thereof, and in such case, the Warrants will expire on the 30th day after the date on which such notice is given by the Company. There are no up-front fees or interest associated with the use of the Facility. The Company and Alumina Partners have agreed to a CAD $100,000 initial draw-down under the Facility. The Company will issue to Alumina Partners 1,333,333 Units at a price of $0.075 per Unit, each Unit consisting of one Share and one-half of one Warrant, with each whole Warrant entitling the holder to acquire one additional Share for a period of 12 months at the price of $0.10 per Share.

No upfront fees or interest payments are associated with the use of this facility.

About Far

Far Resources Ltd. is a Canadian battery and technology minerals exploration and development company with projects in Canada and the USA. More information on Far is available at www.farresources.com.

Information Contact

Terri Anne Welyki
+1-833-327-7377
corpcom@farresources.com

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

Forward Looking Statements

This news release contains forward-looking statements, and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and U.S. 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 future draw-downs under the Facility, the anticipated use of proceeds from the Facility, the planned exploration for the Hidden Lake project and the Zoro lithium property, and the anticipated business plans and timing of future activities of the Company are forward looking statements and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company, including without limitation, that market fundamentals will result in sustained lithium demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company’s mineral properties in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company’s ability to comply with environmental, health and safety laws.

Readers are cautioned that these forward looking statements are neither promises nor guarantees of future results or performance, and are subject to risks and uncertainties that may cause future results to differ materially from those expected as a result of various factors, including, the ability of the Company to close any future Tranches under the Facility, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realisation of mineral reserves and mineral resources, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of lithium, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financing, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorisations, including acceptance by the CSE, as applicable, required for future exploration activities or the acquisition of additional mineral properties, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company’s latest interim Management Discussion and Analysis and filed with certain securities commissions in Canada.

All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

SOURCE: Far Resources Ltd

ReleaseID: 535438

SARA Investment Real Estate Purchases Maryland Heights Building

Lakeside Crossing building located at 11650 Lakeside Crossing

ST. LOUIS, MO, February 14, 2019 /24-7PressRelease/ — SARA Investment Real Estate, a full-service commercial real estate investment firm, has closed on the purchase of the Lakeside Crossing building in Maryland Heights at 11650 Lakeside Crossing. The building’s main tenant is Spartech.

“This is our eighth property in the St. Louis region and our second addition in Maryland Heights,” said Christina Podoll Ballweg, vice president of investor relations at SARA Investment Real Estate. “This is a great addition to our real estate portfolio that provides stabilized cashflow for our investment partners.”

Lakeside Crossing is a 100% leased, 100,021 square foot industrial building situated on 5.41 acres. The property is in the newest part of the Westport submarket, a premier business park in St. Louis due to its central location and easy 20-minute access to the entire St. Louis metropolitan area. The building’s research and development capabilities strategic to the main tenant Spartech’s growth. The building functions as the corporate headquarters as well as its technology and innovation center. Spartech is a leading plastics manufacturer of custom plastic packaging, sheet and roll stock.

“We are excited to be expanding our presence in the dynamic Maryland Heights and Westport submarkets,” said Jared Stinehagen, vice president of operations at SARA.

About SARA Investment Real Estate
With offices in Madison, Milwaukee, Minneapolis and St. Louis, SARA Investment Real Estate attains, develops, leases, finances and manages high-quality properties throughout the Midwest. SARA builds successful partnerships with investors, tenants, financial partners, other developers and employees to complete and manage quality projects. The firm provides commercial real estate asset management solutions to select investors through a network of wealth management partners. Founded in 1997, SARA manages properties valued at more than $260 million.

McLaren Provides Update on Exploration in Timmins, Ontario

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Toronto, Ontario–(Newsfile Corp. – February 14, 2019) – McLaren Resources Inc. (“McLaren” / the “Company”) (CSE: MCL) (FSE: 3ML) (OTC: MLRNF) announces that it has completed 3,189 metres (“m”) of exploration diamond drilling in six holes to test historic gold mineralization on the north section of the TimGinn Gold Property (“TimGinn”) which is situated adjacent to the Hollinger and McIntyre Gold Mines owned by Goldcorp Canada Ltd. (“Goldcorp”). Furthermore, the company has commenced planning for its 2019 exploration program in the Timmins area. In addition to exploration on TimGinn, McLaren plans to evaluate its other attractive gold properties, the Augdome Gold Property (“Augdome”) and the Blue Quartz Gold Property (“Blue Quartz”). A discussion of possible exploration targets on Augdome and Blue Quartz follows below.

TimGinn

McLaren intersected geology favorable for gold mineralization in its recent drill program on TimGinn but was unable to confirm the mineralization indicated in the assessment file T-200, Consolidated Gilles Lake Mine Ltd., Ontario Ministry of Northern Development and Mines. The historic diamond drill hole intersected 6.3 grams per tonne gold (“gpt Au”) over 16.7 m including 30.2 gpt Au over 2.7 m.

Consequently, McLaren has elected to shift its focus back to the vicinity of the former producing Gilles Lake Mine situated 150 m north of the Hollinger Gold Mine in order to pursue positive showings intersected in the spring 2018 drilling program (see image below). The gold mineralization which was intersected in McLaren’s spring 2018 drill program crosses onto TimGinn from the Hollinger Mine property. TimGinn contains similar geology to that hosting the gold mineralization at the Hollinger and McIntyre gold deposits (30M oz. of Au production). Hydrothermally altered volcanic sequences and quartz-feldspar porphyry are excellent environments for gold deposition and have been intersected in drill holes on TimGinn. The spring 2018 diamond drill program was successful in extending the hydrothermal alteration systems that hosted the gold values in earlier holes. Attempts to expand the mineralization to the west encountered favourable geology with gold values. Potential remains to expand the mineralization to depth as well as to the west at deeper levels following up on earlier exploration.

Diamond drilling near the former producing Gilles Lake Mine from November 2011 to present has intersected the following gold mineralization (see McLaren press releases):

  • MTG-11-02 – 24.2 gpt Au / 1.1 metres
  • MTG-11-04 – 7.0 gpt Au / 7.4 metres
  • MTG-11-05 – 4.1 gpt Au / 5.5 metres
  • MTG-11-12 – 1.6 gpt Au / 20.0 metres
  • MTG-11-14 – 7.4 gpt Au / 3.2 metres

Image courtesy of Google Earth, an Alphabet Inc. subsidiary.

To view an enhanced version of this graphic, please visit:
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Augdome

In January 2018, McLaren completed a diamond drill program that was successful in intersecting gold mineralization on the west boundary of Augdome which is situated adjacent to the Dome Mine operated by Goldcorp. The gold mineralization which was intersected in McLaren’s drill program crosses onto Augdome from the Dome Mine property. This gold mineralization is hosted within the gold-bearing Destor-Porcupine Fault structure in an area that has been disrupted and intruded by felsic intrusive porphyries. Augdome overlies approximately 2,300 metres of the Destor-Porcupine structure.

On October 25, 2017, Goldcorp announced a base case pre-feasibility study with a contained resource which included approximately 4.5 million gold ounces having a diluted grade of 0.87 gpt to be integrated into the proposed Dome Mine expansion plus an additional 0.9 million ounce inferred resource. The proposed Dome Century Project could significantly expand the footprint of the Dome Mine Open Pit.

Blue Quartz

In 2011, McLaren completed 1,690 m of exploration diamond drilling in six holes that resulted in multiple high grade gold intercepts at various depths including; 13.3 gpt Au over 1.0 m at the depth of 77.3 m and 10.5 gpt Au over 1.3 m at the depth of 155.6 m (see press release of April 21, 2011). The two deepest holes drilled on the property intersected a wide interval of hydrothermal alteration with gold mineralization that included a substantial width of lower grade mineralization, 1.21 gpt Au 76.1 m as well as a higher-grade core of 12.8 gpt Au 1.5 m and 13.95 gpt Au over 2.0 m. These two holes were located at the west end and below the historic underground workings as well as below the majority of the drilling completed on the property to date. The mineralized zone is open to depth and down plunge with indications that the hydrothermal alteration system is increasing in intensity along with both the grade and width of the mineralization.

Encouraged by the following results, McLaren plans to revisit Blue Quartz in the near future.

Hole # From (m) To (m) Width (m) Au-gpt
BQ-89-12 254.9 288.8 33.8 0.927
incl 256.5 261.0 4.6 3.497
BQ-90-18 158.7 278.0 119.2 0.64
incl 263.3 278.0 14.6 1.97
incl 275.8 278.0 2.1 6.50
RBQ-10-02 373.7 375.9 2.2 11.89
RBQ-10-03 326.5 328.0 1.5 7.94
MBQ-11-07 77.3 78.3 1.0 13.30
MBQ-11-09 341.7 343.7 2.0 13.95
MBQ-11-10 155.6 158.7 3.1 5.52
351.0 414.0 63.0 1.21
incl 358.0 359.5 1.5 12.80

Blue Quartz is located in the gold producing area 70 km east of Timmins where several current and past producing mines are located. The property consists of 25 patented mining claims, 400 hectares, situated on gold mineralized geological structures within the Abitibi Greenstone Belt. The Blue Quartz mine is located in the north central part of Beatty Township and is approximately 8 kilometers (“km”) northwest of the producing Black Fox Mine, 12 kms northwest of the Hislop Mine and 14 kms northwest of the former producing Ross Mine.

All drilling was completed using NQ size core. Gold analyses of the samples collected by McLaren were undertaken by ALS Canada Ltd. Analysis consisted of a fire assay of a 30-gram sample with an atomic absorption finish. Samples assaying over 10.0 gpt Au are re-assayed with gravimetric finish. Samples noted to contain visible gold are analyzed via total metallic assay method. A rigorous Quality Control and Assurance Program is in place, using control samples such as blanks, standards and duplicate checks.

About McLaren

McLaren is focused on exploration work on its three gold properties which are located in the Timmins Gold District of Northeastern Ontario. These properties include, TimGinn, Augdome and Blue Quartz. TimGinn consists of nine patented mining claims covering 238 hectares in Tisdale Township, Central Timmins that lie between the Hollinger Mine (19.3 million oz) and the McIntyre Mine (10.7 million oz). Gold production took place at TimGinn during the 1920’s from a 940 foot deep shaft at the Gilles Lake Gold Mine. Augdome, which consists of 414-hectares is located in Tisdale and Whitney Townships adjacent to the Dome Mine operated by Goldcorp. Blue Quartz, which hosts the former Blue Quartz Mine, consists of 25 patented mining claims and 8 crown claims covering a total of 640 hectares in Beatty Township and is located 10 km north of McEwen Mining’s Black Fox Mine in East Timmins.

McLaren has stopped development of the blockchain project announced on January 22, 2018.

The information presented in this news release has been reviewed and approved for release by Kenneth Guy, P.Geo, the Qualified Person for McLaren for exploration on TimGinn, as defined by National Instrument 43-101 “Standards of Disclosure for Mineral Projects”.

For more information, please contact: Radovan Danilovsky, President, Phone: 416-203-6784, www.mclarenresources.com

MCLAREN RESOURCES INC.
44 Victoria Street, Suite 1616
Toronto, Ontario M5C 1Y2

The Canadian Securities Exchange has neither approved nor disapproved the contents of the press release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Certain statements contained in this news release constitute “forward looking statements”. When used in this document, the words “anticipated”, “expect”, “estimated”, “forecast”, “planned”, and similar expressions are intended to identify forward looking statements or information. These statements are based on current expectations of management; however, they are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. Readers are cautioned not to place undue reliance on these statements. McLaren Resources Inc. does not undertake any obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise after the date hereof, except as required by securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42857

SEC Extends Comment Period for Rulemaking Proposal Regarding Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts

Washington, D.C.–(Newsfile Corp. – February 14, 2019) – The Securities and Exchange Commission today announced that it is extending for one month the comment period on the proposed rulemaking to amend rules and forms to help investors make informed investment decisions regarding variable annuity and variable life insurance contracts that was published in the Federal Register on November 30, 2018 (Release Nos. 33-10569; 34-84508; IC-33286).

The public comment period for the proposed rulemaking “Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts,” Release Nos. 33-10569; 34-84508; IC-33286 (Oct. 30, 2018) will now end on March 15, 2019. The scope and comment process for this release remains as stated in the original Federal Register notice of November 30, 2018.

Quantum International Income Corp. Announces Voting Results of 2019 Annual Meeting

By Quantum International Income Corp.

Approval of Name Change to Seven Aces Limited

TORONTO, ON / ACCESSWIRE / February 14, 2019 / Quantum International Income Corp. (“Quantum” or the “Corporation“) (TSXV:QIC) is pleased to announce the results of its annual and special meeting of shareholders (“Shareholders“) held on February 14, 2019 (the “Meeting“).

At the Meeting, Shareholders authorized and approved all matters that were presented, as follows:

(i) re-appointment of RSM Canada LLP as auditors of the Corporation for the ensuing year and authorization of the directors to fix their remuneration;

(ii) re-election of Chad Williams (Chair), Mr. Manu K. Skehri, Ms. Sheila Ogilvie-Harris, Mr. Peter Shippen, Chad Williams and Mr. Mark Lerohl to the board of directors of the Corporation;
(iii) re-approval of the stock option plan of the Corporation; and
(iv) approval to change the name of the Corporation from “Quantum International Income Corp.” to “Seven Aces Limited”.

Name Change to Seven Aces Limited

At the Meeting, the Shareholders approved a special resolution to authorize the board of directors to change the name of the Corporation from “Quantum International Income Corp.” to “Seven Aces Limited”. The Corporation is seeking to adopt the name “Seven Aces Limited” to better reflect the Corporation’s current operations which are entirely gaming-related in nature following the acquisitions in the Georgia gaming market in October 2016. The name “Seven Aces Limited” more closely aligns the Corporation in the space which it currently operates, with the vision to build a diversified portfolio of world class gaming operations to create value for Shareholders.

The Corporation has notified the TSX Venture Exchange (the “Exchange“) of the proposed change of name. Subject to Exchange approval of the name change, it is expected that the Common Shares will commence trading on the Exchange under the new name and under the new stock symbol “ACES” at the opening of business two or three days subsequent to the effecting of the name change by the Corporation, subject to the receipt by the Exchange of the necessary documentation.

About the corporation

Quantum International Income Corp. is a gaming company. Quantum’s vision is to build a diversified portfolio of world class gaming operations. The Corporation looks to enhance shareholder value by growing organically and through acquisitions. The Corporation has an active acquisition strategy with a particular focus on cash-flows and high margins. Currently, the Corporation is the largest route operator of skill-based gaming machines in the State of Georgia, United States of America.

More information about Quantum is available online at www.quantumincomecorp.com.

For further information please contact Quantum:

Manish Grigo
Vice President, Corporate Affairs
Tel. (416) 569-3292
manish@quantumincomecorp.com

Stephanie Lippa
Office Manager
Tel. (416) 477-3411
stephanie@quantumincomecorp.com

Cautionary Statement Regarding Forward-Looking Information

This news release may contain forward-looking statements or “forward-looking information” within the meaning of applicable Canadian securities laws (“forward-looking statements“). Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or describes a “goal”, or variation 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.

All forward-looking statements reflect the Corporation’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Corporation’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Corporation believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements. The key assumptions that have been made in connection with the forward-looking statements include the following: the digital gaming terminals being fully-licensed by the Georgia Lottery Corporation, the continuation of the Corporation’s consolidation strategy in the Georgia gaming market, the growing footprint of Quantum in the Georgia gaming market, generating value for the shareholders of the Corporation, the regulatory regime governing the business of Quantum in Georgia, the exchange rate between the U.S. dollar and Canadian dollar, the ability to grow the business and generate stable distributions for shareholders, the availability of high growth, high margin opportunities, and the execution of the Corporation’s business strategy.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the availability of opportunities to consolidate additional assets in the Georgia gaming market, the availability of investment opportunities on terms acceptable to the Corporation, the regulatory regime in the State of Georgia, the licensing regime governing the Georgia Lottery Corporation, the Company’s ability to complete the Acquisition, the exchange rate between the U.S. dollar and Canadian dollar, and other internal and external factors disclosed in the most recent annual information form of the Corporation and other documents publicly filed by the Corporation. Although Quantum has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The Corporation disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except in accordance with applicable securities laws.

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.

SOURCE: Quantum International Income Corp.

ReleaseID: 535430

AltaGas Canada Inc. to Release Fourth Quarter and Full Year 2018 Results Thursday, March 7, 2019

Corporate Logo

Calgary, Alberta–(Newsfile Corp. – February 14, 2019) – AltaGas Canada Inc. (TSX: ACI) (“ACI”) will release its fourth quarter and year-end 2018 financial results on Thursday, March 7, 2019 before market open.

ACI’s Management’s Discussion & Analysis as well as Financial Statements will be posted on www.altagascanada.ca.

About ACI

ACI is a Canadian company with natural gas distribution utilities and renewable power generation assets. ACI serves approximately 130,000 customers, delivering low carbon energy, safely and reliably. For more information visit: www.altagascanada.ca.

For Further Information Contact:

Shareholder Relations
587-955-3660
shareholder.relations@altagascanada.ca

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42856

Unique Foods Corp. (UPZS) Announces Corporate Updates

By Unique Foods Corp.

PITTSBURGH, PA / ACCESSWIRE / February 14, 2019 / Unique Foods Corporation (OTC PINK: UPZS) announces corporate updates and current events.

In 2019 Unique Foods Corp. will continue its growth in the consumable foods market by expanding its current brands & existing line of products, they will also expand through acquisitions of other food brands opportunities: PopsyCakes “The First & Only Cupcake on a Pretzel” debuted their new PopsyBites on Fox News Channel’s talk show “The Five” in 2018 and the new bite size gourmet treat was a big hit in retail. Signed a deal with a Pittsburgh based co-packer that can easily handle nationwide production; Christopher
Street Products
“Supporting the LGBT Community” sold out 15+ Unique products in HomeGoods, Wine Enthusiasts Magazine rated the Christopher Street Cabernet Sauvignon an outstanding 90, added distribution through TESTA Wines of the World. Recently engaged in very successful meetings and samplings of our 200+ food products with nationwide retails such as Taher Foods and Restaurant Depot; Jose Madrid Salsa “The Healthy Fundraiser” has continued to dominate in the fundraising category and acquired a Michigan based hospital fundraising company. Currently JMS is at the UN in NYC for a 5 day Montessori school event where we will be acquiring many new fundraising opportunities; Unique Tap House “Always Tappin Something Different” has hosted numerous high profile parties for local and national government officials and events featuring great food and featuring celebrities from MMA & the NFL.

With the recent approval of our Reg A registration Unique Foods Corp. will be able to raise the necessary capital to: acquire an organic gluten free international pizza franchise; launch a line of frozen pizzas under the acquired pizza brand as well as the Unique
Pizza
label featuring Dr Reddy’s active probiotic gourmet cheese; launch a line of high quality gourmet CBD food products under the Unique Foods label; expand and advertise our Unique foods products through our new Amazon accounts; purchase the building that our Jose Madrid Salsa manufacturing plant is located in and expand for more production and retail; We will upgrade the Florida based PopsyCakes co-packer with new chocolate enrober to increase the production output 20 times for the custom orders; produce large quantities of the newly created Unique individual custom packaging for single & 3-pack PopsyCakes and 36 pack PopsyBites; acquire a full inventory of our new line of Unique CBD
Food products
; Expand and open our custom 3000 sq foot brewery at our Unique Tap House in Murrieta CA location;
Total shares issued and outstanding is approximately 139 million, with 89 million restricted and 36 million in the public float; 2018
year end financials out soon with $2 million plus in revenues and $600k in debt coming off the books.

James C. Vowler President & CEO of Unique Foods Corp. stated, “Over the years we have evolved into a very Unique & diverse food related company with three wholly owned subsidiaries Jose Madrid Salsa, Unique
Tap House
and PopsyCakes and a Licensing agreement with Christopher
Street Products
and we are in the process of acquiring other Unique Food related business.
We realize that our current and future shareholders need and deserve constant information and updates and we invite you to follow us on are many social media platforms we use, the links are below”

About Unique Foods Corporation:

Unique Foods Corp. partnered with Jack Brewer (Unique Foods Brand Ambassador) & Brewer Media & Entertainment Group in October of 2017. Brewer Media Group was brought on to help build all aspects of the many Unique brands. With a primary focus on the increase of online and retail sales, social media presence and overall content, public persona and awareness, acquire acquisition opportunities and much more. The company has three wholly owned subsidiaries Jose Madrid Salsa, Unique Tap House and PopsyCakes and a Licensing agreement with Christopher
Street Products
.

The Unique Tap House 39809 Avenida Acacias, Murrieta, CA 92563, To Book your office or birthday party, special event, group reservations or to order food call (951) 445-4769.

Twitter: @ChristopherS_T_

@uniquefoodscorp
@MadridSalsa
@PopsyCakes
@UniquePizzaTapH

Instagram: instagram.com/unique_foods_corp

Websites:

Unique Foods Corp.: http://www.UniqueFoods.co
Jose Madrid Salsa: http://www.JoseMadridSalsa.com
PopsyCakes: http://www.PopsyCakes.com
Christopher Street Products: http://www.ChristopherStreet.NYC

Safe Harbor Act: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward- looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions. There are no financials in this press release so this is not needed and undermines the release.

For Unique Foods Corp. Investor Relations contact Complete Advisory Partners

Phone: (586) 228- 2290
Fax: (586) 228-6920
capinc@comcast.net
http:/www.capinc.net

SOURCE: Unique Foods Corp.

ReleaseID: 535362

Three Year Performance Numbers Available in New 10th Edition of The Robo Report(TM) by Backend Benchmarking Published For Q4 2018

By Backend Benchmarking

TD Ameritrade runs into tax-loss harvesting hiccup, leaving them heavily allocated to cash and significantly dragging down their performance

MARTINSVILLE, NJ / ACCESSWIRE / February 14, 2019 / The new 10th Edition of The Robo Report by Backend Benchmarking covering the fourth quarter of 2018 has been published. This is the first publication of three-year returns on seven of the most prominent robo advisors as the company continues to bring transparency to robo investing.

”As more time goes by and we have a longer track record of robo advisors performance and characteristics, we get a better picture of how they behave under different market conditions, and over a longer period of time,” said Ken Schapiro, Founder of Backend Benchmarking, the publisher of The Robo Report.

”We have also made some changes to the Normalized Benchmark this quarter. We have made the benchmark dynamic, meaning the benchmark shifts its weights to match the portfolio’s fixed income-to-equity ratio if we detect a strategy shift in the portfolio it is being measured against.

”Also, we have simulated a 0.30% management fee in the benchmark to represent the costs of a professionally managed robo portfolios,” said David Goldstone, Head of Research for The Robo Report, which has grown to a comprehensive data packed 33 pages.

Highlights of the fourth Quarter 2018 Robo Report(TM):

  • TD Ameritrade runs into tax-loss harvesting hiccup, leaving them heavily allocated to cash and significantly dragging down their performance.
  • IQvestment (formerly known as tZERO Advisors) takes a significant hit in performance in Q4 compared to other robo advisors.
  • Fidelity Go continues to perform well in the one- and two-year time frame.
  • In depth interview with Wealth Simple Head of Investments Dave Nugent

The Report has three years of performance return numbers for robo advisors at Betterment, SigFig, Schwab, Vanguard, Personal Capital, WiseBanyan, and Acorns. In addition, the Report covers Ally Financial, Capital One, Ellevest, ETrade, Fidelity Go, FutureAdvisor, Interactive Brokers, Merrill Edge, Morgan Stanley, SoFi, TD Ameritrade, TIAA, T. Rowe Price, IQvestment (formerly known as tZERO Advisors), Wealthfront, WealthSimple, Wells Fargo, UBS, United Income, USAA, US Bank and Zacks Advantage.

This report has first returns data from US Bank and Interactive Brokers, while also adding a TD Ameritrade socially responsible investing (SRI) strategy and

active strategies from Morgan Stanley and TIAA. Next quarter, the company will be publishing first returns data on an additional eleven accounts, including offerings from BBVA Compass, Fifth Third Bank, Citizens Financial, Edelman Financial, and Honest Dollar, as well as products from John Hancock and Prudential.

According to Mr. Goldstone, next quarter’s report will also include portfolios that follow SRI and active strategies from ETrade, a Merrill Edge Active SRI strategy, and a portfolio from SRI robo Swell Investing.

Alongside reporting performance, The Robo Report includes a discussion on the trends during the quarter that drove performance as well as a news section covering recent industry events.

The Report ranks the top three robos by performance in Equity, Fixed Income and Total Portfolio as well as historical performance since each accounts’ inception.

To get a first-hand understanding of how the providers operate and invest, Backend Benchmarking opened and funded portfolios seeking a similar asset allocation to allow for comparison. The knowledge of the underlying assets held helps to understand the structure of the portfolio, the risk, and what is driving performance.

This report represents Backend Benchmarking’s research, analysis, and opinion only; the period tested was short in duration and may not provide a meaningful analysis. There can be no assurance that the performance trend demonstrated by robos vs. indices during the short period will continue.

The Robo Report is available for free at https://theroboreport.com/ Follow the Report on Twitter @theroboreport.

Terms of Use

Please read these Terms of Use (”Terms”, ”Terms of Use”) carefully before subscribing to The Robo Report and The Robo Ranking (”Our Research”, ”Research”) distributed by BackEndB.com, LLC (“ The Company”) through the websites https://theroboreport.com/ and https://backendbenchmarking.com/ (”Websites”, ”Website”).

Your access to and use of Our Research is conditioned on your acceptance of and compliance with the Terms. These Terms apply to all subscribers and others who access or use Our Research.

The Company reserves the right to change these terms at any time without notice. By continuing to subscribe to Our Research, you agree to abide by them.

Our Research focuses on digital services providing automated investment advice (”Robo”, ”Robos”). A ”Covered Robo” is any Robo for which the Company publishes historical return data in Our Research.

Our Research is copyrighted and owned by the Company. Use of Our Research for commercial purposes is strictly prohibited without written consent or a license, except for Covered Robos who wish to use Our Research for marketing purposes, subject to the following requirements:

  • If materials, insights, facts, data or other information from Our Research is used, Our Research must be cited as the source and it must be stated Our Research is produced by Backend Benchmarking.

  • To avoid misrepresentation, the name or time period of Our Research cited must be stated. For example, if the information used is performance from the First Quarter 2018 Robo ReportTM, it must be clearly stated that the performance is from the first quarter report, or performance numbers are from the time period ending 03/31/2018.

  • The Company does not permit the redistribution of Our Research. We welcome and encourage including a link to our Website in any articles or other materials. We provide the report for free to anyone who wants to subscribe. Attaching, hosting for download, or including a link that allows a user to directly access Our Research is prohibited. The appropriate link for our Website to use is: https://www.backendbenchmarking.com/the-robo-report/

  • One must use the most recent version of Our Research at the time of publishing. e most recent version of Our Research and the date it was published are on https://www.backendbenchmarking.com/the-robo-report/. The newest version can be obtained by filling out the subscription form on the Website or by contacting the Company directly.

Failure to comply with the aforementioned guidelines may result in a takedown notice, revocation of your subscription to Our Research, and/or legal action.
To request written consent or a license, contact e Company at info@backendb.com or call 732-893-8290 and ask for David Goldstone.

Please direct media inquiries to:

Bill Bongiorno
President
Blue Chip Public Relations, Inc.
914-533–7065
www.bluechippr.com
Bill@bluechippr.com

SOURCE: Backend Benchmarking

ReleaseID: 535426

Maple Leaf 2017 Flow-Through Limited Partnership National Class & Quebec Class – Offering Memorandum Notice Of Rollover Transaction

By Maple Leaf Corporate Funds Ltd.

VANCOUVER, BC / ACCESSWIRE / February 14, 2019 / This notice is being sent to advise that Maple Leaf 2017 Flow-Through Limited Partnership – National Class (CDO171 and CDO172) and Quebec Class (CDO173 and CDO174) (the “Partnership”) will be proceeding with a transaction (the “Liquidity Transaction”) pursuant to which the assets of the Partnership (the “Assets”) will be transferred on a tax-deferred basis to the Maple Leaf Resource Class (the “Resource Class Mutual Fund” or “CDO100“), a class of shares of Maple Leaf Corporate Funds Ltd., an open-ended mutual fund corporation, in exchange for Series A shares of the Mutual Fund.

Additional information about the Resource Class Mutual Fund is available in their simplified prospectus and annual information form. These documents are available at www.sedar.com and www.mapleleaffunds.ca.

How the Rollover Will Work:

Pursuant to the Liquidity Transaction, Limited Partners of the Partnership (“Investors”) will receive shares of the Resource Class Mutual Fund in connection with the dissolution of the Partnership. The effective date of the Liquidity Transaction (the “Effective Date”) is expected to be on or about Wednesday, April 17,
2019
. Shortly after the Effective Date, the shares of the Resource Class Mutual Fund will be distributed on a pro rata basis to investors and thereafter the Partnership will be dissolved.

Investors will receive the Resource Class Mutual Fund shares in exchange for, and with a value equal to, the value of the units of the Partnership held at the time of such transfer of Assets. When the shares of the Resource Class Mutual Fund are received, the Partnership units will be removed from each Investors account. Processing may take 2 to 3 business days (in some cases longer) to complete, after the rollover occurs.

The Partnership will issue a press release once the Liquidity Transaction has been completed and the conversion ratio has been determined.

The ACB (adjusted cost base) for each unit of the Partnership and each share of the Resource Class Mutual Fund will be determined by the General Partner upon the wind-up of the Partnership’s affairs. The Partnership will dissolve within 60 days of the Effective Date. The General Partner will post these details on its website at www.mapleleaffunds.ca.

Investors should consult with their investment advisor and/or tax advisor for all tax-related matters.

Simplified Example:

An Investor holds 100 Partnership units with a final Net Asset Value of $20.00 at the time of rollover and the net asset value per share of the Resource Class Mutual Fund is $5.00 on the same date. Based on these net asset values, the conversion ratio will be 4.0 (4.0 = $20.00 / $5.00). The Investor’s 100 units, valued at $2,000, are removed from the Investor’s account and 400 shares (400 = 100 x 4.0) of the Resource Class Mutual Fund, valued at $2,000, are added to the Investor’s account.

Processing can be delayed after the rollover occurs, therefore transactions such as switches or redemptions may not be processed until the Resource Class Mutual Fund shares have been credited to client accounts.

Neither the Partnership nor the Resource Class Mutual Fund will accept any liability for transactions executed prior to dealer records being updated.

Specific Information about the Mutual Fund:

Organization and
Management of the Mutual Fund

Manager:

CADO Investment Fund Management Inc.

609 Granville Street, Suite 808

Vancouver, British Columbia V7Y 1G5

Tel: 604-684-5742

Fax: 604-684-5748

Toll free: 1-866-688-5750

Email: info@cadobancorp.ca

CADO Investment
Fund Management Inc.is the manager of the Mutual Fund and is responsible for managing
he overall business and operations of the Mutual Fund.

Portfolio Advisor:

Backer Wealth Management Inc. (“Backer”)

Toronto, Ontario

Backer is responsible for managing the investment
portfolio of the Funds.

Custodian:

RBC Investor Services Trust

Toronto, Ontario

The custodian has physical custody of the Mutual
Fund’s property.

Administrator:

The IAS Investment Administration Solution Inc. (“IAS”)

Toronto, Ontario

The administrator keeps track of the owners of
shares of the Mutual Fund and processes purchases.

Auditor:

KPMG LLP

Vancouver, British Columbia

The auditors are responsible for auditing the annual
financial statements of the Mutual Fund.

The auditors of the Mutual Fund may not be changed
unless the independent review committee of the Mutual Fund has approved the
change and a written notice describing the change is sent to unit holders at
least 60 days before the effective date of the change.

Independent Review Committee
(the “IRC”)

Canadian securities legislation requires the Mutual
Fund to have an IRC. The IRC is composed of three members, each of whom is
independent of us. The mandate of the
IRC is to review, and provide input on, our written policies and procedures
that deal with conflict of interest matters in respect of the Mutual Fund and
to give their recommendation regarding and, in some cases, approve, conflict
of interest matters identified and referred to the IRC by us.

The IRC will prepare, at least annually, a report of
its activities for investors. This report will be available at our website at
www.mapleleaffunds.ca or you may request a copy, at no cost to you, by
contacting us at info@cadobancorp.ca. Additional information about the IRC,
including the names of the members, is available in the Mutual Fund’s Annual
Information Form.

Portfolio Advisor:

Backer Wealth Manager Inc. (“Backer”) will be responsible for the Mutual Fund’s investment activities. Mr. Craig Porter, President of Backer, will act as Portfolio Manager on behalf of Backer. Mr. Porter has over 30 years of experience investing in the Canadian capital markets and was a Senior Portfolio Manager at Front Street Capital 2005 to 2017. Prior to that, he rose from his role as an equity analyst to portfolio manager at Altamira Management Ltd. and its successor Natcan Investment Management Inc. from 1992 to 2005.

During his tenure at Altamira, the firm was awarded the Precious Metals Equity Fund of the Year award at the Morningstar Canadian Investment Awards.

As lead or co-manager while working at Front Street Capital, Mr. Porter managed or co-managed over $900 million in flow-through limited partnerships, and in addition he managed the firm’s resource equity and resource income mutual funds.

Additional Information:

Additional information about the Mutual Fund will be available in the Mutual Fund’s simplified prospectus, annual information form, management reports of fund performance and financial statements. You can obtain a copy of these documents at your request and at no cost by contacting Maple Leaf Funds toll free at 1-866-688-5750, by e-mailing info@maplelelaffunds.ca, by download from www.mapleleaffunds.ca or from your financial advisor.

Other information about the Mutual Fund, is available at SEDAR (the System for Electronic Document Analysis and Retrieval established by the Canadian Securities Administrators) at www.sedar.com.

For further information or assistance with respect to the Mutual Fund or the Limited Partnership, please contact:

CADO Investment Fund Management Inc.
609 Granville Street, Suite 808, Vancouver, BC V7Y 1G5
Tel: 604-684-5742 | Toll Free: 866-688-5750 | Fax: 604-684-5748
Email: info@cadobancorp.ca | Web: www.mapleaffunds.ca

SOURCE: Maple Leaf Corporate Funds Ltd.

ReleaseID: 535411