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Earthstone Energy, Inc. Announces Completion of Public Offering of Common Stock

By Earthstone Energy, Inc.

THE WOODLANDS, TX / ACCESSWIRE / June 21, 2016 / Earthstone Energy, Inc. (NYSE MKT: ESTE) announced today the completion of an underwritten public offering of 4.5 million shares of its common stock at a price to the public of $10.50 per share. The net proceeds to the Company from this offering were approximately $44.7 million, after deducting the underwriting discount and other estimated offering expenses.

The Company intends to use the net proceeds from the offering to repay outstanding indebtedness under its revolving credit facility and for general corporate purposes, which may include funding the completion of 12 gross (5.3 net) wells that are waiting on completion, drilling and completion activities associated with operated and non-operated properties, leasehold interest, and property acquisitions.

In connection with the offering, SunTrust Robinson Humphrey, Inc. and Seaport Global Securities LLC acted as joint book-running managers. Euro Pacific Capital, Inc., Northland Securities, Inc., Roth Capital Partners, LLC, Johnson Rice & Company, Wunderlich Securities, Inc., and BOSC, Inc. acted as financial advisors.

The securities described above were offered by the Company pursuant to a registration statement previously filed with, and declared effective by, the Securities and Exchange Commission.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Earthstone Energy, Inc.

Earthstone Energy, Inc. is a growth-oriented independent oil and gas exploration and production company engaged in developing and acquiring oil and gas reserves through an active and diversified program that includes acquiring, drilling and developing undeveloped leases, asset and corporate acquisitions and exploration activities, with its current primary assets located in the Eagle Ford trend of south Texas, the Midland Basin of west Texas, and in the Williston Basin of North Dakota. Earthstone is traded on NYSE MKT under the symbol “ESTE.” Information on Earthstone can be found at www.earthstoneenergy.com. The Company’s corporate headquarters is located in The Woodlands, Texas.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as “expects,” “believes,” “intends,” “anticipates,” “plans,” “estimates,” “potential,” “possible,” or “probable” or statements that certain actions, events or results “may,” “will,” “should,” or “could” be taken, occur or be achieved. The forward-looking statements include statements about future operations, expansion of production and development acreage, increased cash flow, earnings and assets and access to capital. Forward-looking statements are based on current expectations and assumptions and analyses made by Earthstone and its management in light of experience and perception of historical trends, current conditions and expected future developments, as well as other factors appropriate under the circumstances. However, whether actual results and developments will conform to expectations is subject to a number of material risks and uncertainties, including but not limited to: the risks of the oil and gas industry (for example, volatile oil prices and operational risks in exploring for, developing and producing crude oil and natural gas; risks and uncertainties involving geology of oil and gas deposits); the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to future oil and gas prices, production, costs and expenses; potential delays or changes in plans with respect to exploration or development projects or capital expenditures; health, safety and environmental risks and risks related to weather; inability of management to execute its plans to meet its goals; unavailability of gathering systems, pipelines and processing facilities; and the possibility that government policies may change. Earthstone’s annual report on Form 10-K for the year ended December 31, 2015, quarterly reports on Form 10-Q, recent current reports on Form 8-K, and other Securities and Exchange Commission (“SEC”) filings discuss some of the important risk factors identified that may affect Earthstone’s business, results of operations, and financial condition. Earthstone undertakes no obligation to revise or update publicly any forward-looking statements except as required by law.

Contact:

Neil K. Cohen
Vice President, Finance, and Treasurer
Earthstone Energy, Inc.
1400 Woodloch Forest Drive, Suite 300
The Woodlands, TX 77380
281-298-4246

SOURCE: Earthstone Energy, Inc.

ReleaseID: 441452

Paragon Commercial Corporation Announces Closing of Its Initial Public Offering

By Paragon Commercial Corporation

RALEIGH, NC / ACCESSWIRE / June 21, 2016 / Paragon Commercial Corporation (“Paragon”) (NASDAQ: PBNC), parent company of Paragon Bank, today announced the closing of its previously announced initial public offering of shares of its common stock at a price to the public of $34.00 per share. In connection with the offering, the underwriters exercised their option to purchase additional shares of common stock from Paragon, bringing the total offering to 845,588 shares. The shares sold in the offering began trading on the Nasdaq Capital Market under the symbol “PBNC” on June 16, 2016.

Raymond James & Associates acted as the book-running manager for the offering and Sandler O’Neill & Partners, L.P. acted as co-manager.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on June 15, 2016. The registration statement Paragon has filed with the SEC can be obtained by visiting EDGAR on the SEC website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering of these securities was made only by means of a prospectus, copies of which may be obtained from: Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, FL 33716, 800.248.8863, prospectus@raymondjames.com; or from Sandler O’Neill & Partners, L.P., by phone at 866.805.4128 or email at syndicate@sandleroneill.com.

CONTACT:

Steve Crouse – Paragon Commercial Corporation, Chief Financial Officer, 919.534.7404 or SCrouse@ParagonBank.com.

ABOUT PARAGON COMMERCIAL CORPORATION

Paragon Commercial Corporation is the parent company of Paragon Bank, which provides a private banking experience to businesses, professionals, executives, entrepreneurs and other individuals. Founded in Raleigh, North Carolina in 1999, Paragon Bank currently has assets of $1.3 billion. Banking services are provided through highly responsive professionals, an extensive courier service, online and mobile technologies, free worldwide ATM access, and a select number of strategically placed offices in Raleigh, Cary and Charlotte, NC.

FORWARD LOOKING STATEMENTS

Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: potential volatility of the market for our common stock; our discretion in using the proceeds of the offering; risks associated with our business; and the other risk factors set forth from time to time in our Form S-1 and other SEC filings, copies of which are available free of charge on our website at www.ParagonBank.com. Paragon Commercial Corporation assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

SOURCE: Paragon Commercial Corporation

ReleaseID: 441467

Clean Commodities Corp. CBC Features CLEs Brazil Lake Lithium Project

Clean Commodities Corp. – CBC Features CLE’s Brazil Lake Lithium Project

Vancouver, British Columbia (FSCwire)Clean Commodities Corp. (TSX-V: CLE) (“CLE” or the “Corporation”) is pleased to announce that its Brazil Lake Lithium Project was featured by the CBC.

A video version may be accessed starting at the 8:15 minute mark through the following link:

http://www.cbc.ca/player/play/709228611503/

An online version of the article, Yarmouth County lithium deposit draws Chinese company, may be accessed through the following link:

http://www.cbc.ca/news/canada/nova-scotia/yarmouth-county-lithium-deposit-chinese-company-1.3644626

Information on Clean Commodities Brazil Lake Lithium Project may be found on our website at:

http://www.cleancommodities.com/#!brazil-lake-lithium-project/hjfxt

About Clean Commodities Corp.

Clean Commodities Corp. (TSXV:CLE) is an exploration company holding a diverse portfolio of clean commodity assets including lithium, uranium and PGE projects. For more information, please visit www.cleancommodities.com.

Signed,

Ryan Kalt, Chief Executive Officer

Forward-Looking Statements

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.

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

Contact Info:

Ryan Kalt

Chief Executive Officer

604-681-8835

info@cleancommodities.com
www.cleancommodities.com

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/CleanComm06212016.pdf
Source: Clean Commodities Corp. (TSX Venture:CLE) http://www.athabascanuclear.com

Maximum News Dissemination by FSCwire. http://www.fscwire.com

Copyright © 2016 Filing Services Canada Inc.

Were at the Forefront of the 3D Printing Industry, Says PyroGenesis Canadas CEO

“We’re at the Forefront of the 3D Printing Industry,” Says PyroGenesis Canada’s CEO

Toronto, Ontario (FSCwire) – PyroGenesis Canada Inc. (CVE:PYR) is the world’s foremost expert in plasma technology. At a recent Lunch & Learn hosted by SmallCapPower, PYR CEO Peter Pascali explained how PyroGenesis is transitioning into a Company that is at the forefront in the production of titanium powders, other wires and composites for the 3D Printing industry. And, Gravitas Financial analyst Alex Cutulenco believes its share price has been “heavily underestimated” by the stock market.

Discover more about this investment opportunity by watching our short video at http://smallcappower.com/top-stories/forefront-3d-printing-industry-says-pyrogenesis-canadas-cvepyr-ceo/

To find out more about PyroGenesis Canada Inc., please visit the company’s Investor Hub.

Ubika Research/SmallCapPower has received compensation from PyroGenesis Canada to provide analyst research coverage. For full disclosure please visit here >>

About SmallCapPower.com

SmallCapPower.com (SCP) is the industry’s most trusted resource for small cap stocks, offering unprecedented access to the research and tools you need to help uncover the next big thing.

Disclosure

Except for the historical information presented herein, matters discussed in this document contain forward- looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Ubika Research and www.smallcappower.com (are both divisions of Ubika Corporation), and are not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this report. For making specific investment decisions, readers should seek their own advice.

Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.

For full disclosure please visit: http://www.smallcappower.com/pages/small-cap-power-disclosure.

For additional information contact:

Mark Thorburn- Manager, Media Relations Email: mark@smallcappower.com

Phone: 416.646.1941

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/SmallCap06212016_0.pdf
Source: SmallCapPower (TSX Venture:PYR) http://www.SmallCapPower.com

Maximum News Dissemination by FSCwire. http://www.fscwire.com

Copyright © 2016 Filing Services Canada Inc.

Texhoma Energy, Inc. Appoints William Simmons as Chief Executive Officer

By Texhoma Energy Corp

SPRING, TX / ACCESSWIRE / June 21, 2016 / Texhoma Energy, Inc. (“Texhoma”) (OTC Pink: TXHE) today announces that Mr. Gilbert Steedley has elected to resign from Texhoma and will be succeeded by Mr. William M. Simmons.

Mr. Steedley has served as an Officer and Sole Company Director since 2009 and said he welcomes the return of leadership to Mr. Simmons, who served as the Company’s president, prior to his own tenure.

About Texhoma Energy, Inc.

Texhoma Energy, Inc. is engaged in the acquisition, exploration and production of crude oil and natural gas. The company’s primary focus has been on south Louisiana and east Texas, including near-shore Gulf of Mexico. The company holds royalty and non-operating working interests in properties located in Texas. In addition, the company may seek non-oil and gas opportunities as they arise. For further information about Texhoma, please visit www.texhomaenergy.com.

Contact information

Texhoma Energy, Inc.
24624 I-45 North, Suite 200
Spring, TX 77386
Phone: 281.719.1995
Email: contact@texhomaenergy.com

This press release may contain forward-looking statements, including information about management’s view of Texhoma’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Texhoma, its divisions and concepts to be materially different than those expressed or implied in such statements. The forward-looking statements included in this press release are made only as of the date hereof. Texhoma cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Texhoma undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Texhoma.

SOURCE: Texhoma Energy, Inc.

ReleaseID: 441465

Aurvista Gold Initiates Summer Exploration Program at Douay

Montreal, Quebec–(Newsfile Corp. – June 21, 2016) – Aurvista Gold Corporation (TSXV: AVA) (OTC: ARVSF) (FSE: AV2) (“Aurvista” or the “Company“) is pleased to announce the start of the Summer 2016 exploration program at the Company’s wholly-owned Douay Gold Project following the closing of the C$1.1 million financing. The Company plans a two-staged exploration campaign on the Project for the period June to September 2016 (refer to the Company news release dated June 14, 2016) with the prime objective of determining the best of the 25 defined targets with a view of significantly increasing the current Mineral Resource estimates*.

The First Stage campaign will complete the Priority Targeting Program (the “Program”) in two areas where management is confident additional gold mineralization will be uncovered, the first being in the 10 km by 3 km wide (at its longest and widest points) SE-tilted parallelogram-shaped polygon enclosing the Douay-Style Mineralization (“DSM”) containing all the known gold zones (“Douay West”, “10”, “20”, “531”, “Central”, “Main”, “NW”, “Porphyry” and the “South Porphyry”) and current Mineral Resource estimates*; and second, the 6 km by 1 km wide cluster of EM INPUTTM anomalies conductors running along the southwest boundary of the DSM that have affinities to Volcanogenic Massive Sulphide or VMS mineralization associated with gold.

The Second Stage campaign will consist of a 4,000 meters of drilling to delineate additional gold and/or copper-gold mineralization on the best targets.

The Summer Program will include completing an airborne geophysical Magnetic, Electromagnetic and Radiometric survey of the central portion of the Douay Project to define key contacts, faults and porphyry linked to gold and any potential base metal bearing massive sulphide lenses within the 6 km by 1 km Copper-Gold corridor to a depth of -150 metres; re-logging selective previous and historical drill core for litho-geochemical and thin section work along key gold mineralized and non-mineralized sections across the Douay Project, all to define the chemical signatures and alteration mineralogy of the known gold and/or base metal mineralization, helping with the airborne geophysical survey in the vectoring towards additional mineralization; and the drilling of the best priority targets that could potentially lead to the expansion of, and better quality, mineral resources.

The main gold target at this time is the Porphyry Target that extends some 8 km in length, of which 3 km to the NW of the Adam Porphyry Zone, bordered by the Douay West Zone and the NW Zone, is largely untested. The Porphyry Target, encompassing the Adams Porphyry – at a 3 g/t gold cut-off, the Adams Porphyry contains 383,000 tonnes grading 22.29 g/t gold in the Inferred category within lower grade Mineral Resources estimates* of 55.1 million tonnes at 1 g/t (at a 0.5 g/t cut-off) also in the Inferred category. The NW Zone contains 1 million tonnes grading 2.71 g/t (at a 0.5 g/t cut-off) in the Inferred category. The overall gold potential of the Porphyry Target is significant and Aurvista is committed to drilling this sector potentially adding to the current Mineral Resource estimates*. Drilling success could potentially increase the size and quality of the Mineral Resources.

The technical contents in this news release have approved by Mr. Jean Lafleur, M. Sc., P. Geo., President and CEO for Aurvista Gold Corporation, a Qualified Person under National Instrument 43-101.

* Mineral Resource estimates reported in this news release were previously estimated in accordance with the definitions contained in the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves Definitions and Guidelines that were prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council on November 27, 2010. Of note, tonnes and ounces have been rounded as per NI 43-101 standards.

About Aurvista Gold Corp.

Aurvista Gold Corporation is a junior gold exploration and development Company with 85,689,121 shares outstanding trading on the TSX Venture Exchange in Canada, the Frankfurt Stock Exchange and OTC Pink Sheets in the U.S. Aurvista’s only asset is the Douay Gold Project totaling 287 claims for 145.3 km2. The project is located along the gold-bearing Casa Berardi Deformation Zone in northern Quebec. Details can be viewed on the Company’s website at www.aurvistagold.com.

For further information please contact:

Mr. Jean Lafleur, P. Geo.
President and CEO, Director
Cell +1 514 927 3633

Mr. Bryan Keeler
Chief Financial Officer
+1 416 504 4126

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 PRESS RELEASE.

Forward-Looking Statements

This news release may contain forward-looking statements based on assumptions, uncertainties and management’s best estimate of future events. Actual events or results could differ materially from the Company’s expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. When used herein, words such as “anticipate”, “will”, “intend” and similar expressions are intended to identify forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Aurvista Gold Corporation’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.aurvistagold.com.

Klondike Gold Corp Announces Option Grant

Klondike Gold Corp Announces Option Grant

Vancouver, British Columbia (FSCwire) – Klondike Gold Corp. (TSX.V:KG) (“Klondike Gold” or the “Company”) announces that pursuant to the Company’s Stock Option Plan, a total of 710,000 incentive stock options have been granted to directors, officers, employees, and consultants of the Company. The options are exercisable at a price of $0.28 per share for a period of 10 years, subject to regulatory approval.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia, and Dawson City, Yukon Territory. The company is focused on exploration and development of its Yukon gold projects, accessible by government maintained roads located on the outskirts of Dawson City, YT, covering 308 square kilometers of hard rock and 20 square kilometers of placer claims including “McKinnon Creek” featured on the Discovery Channel show “Gold Rush”.

On behalf of Klondike Gold Corp.

“Peter Tallman”
President and CEO
(604) 609-6110
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.com

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

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Klondike06212016.pdf
Source: Klondike Gold Corp. (TSX Venture:KG)

Maximum News Dissemination by FSCwire. http://www.fscwire.com

Copyright © 2016 Filing Services Canada Inc.

Aurvista Gold Initiates Summer Exploration Program at Douay

By Aurvista Gold Corporation

MONTREAL, QC / ACCESSWIRE / June 21, 2016 / Aurvista Gold Corporation (TSXV: AVA) (OTC: ARVSF) (FSE: AV2.F) (“Aurvista” or the “Company“) is pleased to announce the start of the Summer 2016 exploration program at the Company’s wholly-owned Douay Gold Project following the closing of the C$1.1 million financing. The Company plans a two-staged exploration campaign on the Project for the period June to September 2016 (refer to the Company news release dated June 14, 2016) with the prime objective of determining the best of the 25 defined targets with a view of significantly increasing the current Mineral Resource estimates*.

The First Stage campaign will complete the Priority Targeting Program (the “Program”) in two areas where management is confident additional gold mineralization will be uncovered, the first being in the 10 km by 3 km wide (at its longest and widest points) SE-tilted parallelogram-shaped polygon enclosing the Douay-Style Mineralization (“DSM”) containing all the known gold zones (“Douay West,” “10,” “20,” “531,” “Central,” “Main,” “NW,” “Porphyry” and the “South Porphyry”) and current Mineral Resource estimates*; and second, the 6 km by 1 km wide cluster of EM INPUT™ anomalies conductors running along the southwest boundary of the DSM that have affinities to Volcanogenic Massive Sulphide or VMS mineralization associated with gold.

The Second Stage campaign will consist of a 4,000 meters of drilling to delineate additional gold and/or copper-gold mineralization on the best targets.

The Summer Program will include completing an airborne geophysical Magnetic, Electromagnetic and Radiometric survey of the central portion of the Douay Project to define key contacts, faults and porphyry linked to gold and any potential base metal bearing massive sulphide lenses within the 6 km by 1 km Copper-Gold corridor to a depth of -150 metres; re-logging selective previous and historical drill core for litho-geochemical and thin section work along key gold mineralized and non-mineralized sections across the Douay Project, all to define the chemical signatures and alteration mineralogy of the known gold and/or base metal mineralization, helping with the airborne geophysical survey in the vectoring towards additional mineralization; and the drilling of the best priority targets that could potentially lead to the expansion of, and better quality, mineral resources.

The main gold target at this time is the Porphyry Target that extends some 8 km in length, of which 3 km to the NW of the Adam Porphyry Zone, bordered by the Douay West Zone and the NW Zone, is largely untested. The Porphyry Target, encompassing the Adams Porphyry – at a 3 g/t gold cut-off, the Adams Porphyry contains 383,000 tonnes grading 22.29 g/t gold in the Inferred category within lower grade Mineral Resources estimates* of 55.1 million tonnes at 1 g/t (at a 0.5 g/t cut-off) also in the Inferred category. The NW Zone contains 1 million tonnes grading 2.71 g/t (at a 0.5 g/t cut-off) in the Inferred category. The overall gold potential of the Porphyry Target is significant and Aurvista is committed to drilling this sector potentially adding to the current Mineral Resource estimates*. Drilling success could potentially increase the size and quality of the Mineral Resources.

The technical contents in this news release have approved by Mr. Jean Lafleur, M. Sc., P. Geo., President and CEO for Aurvista Gold Corporation, a Qualified Person under National Instrument 43-101.

* Mineral Resource estimates reported in this news release were previously estimated in accordance with the definitions contained in the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves Definitions and Guidelines that were prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council on November 27, 2010. Of note, tonnes and ounces have been rounded as per NI 43-101 standards.

About Aurvista Gold Corp.

Aurvista Gold Corporation is a junior gold exploration and development Company with 85,689,121 shares outstanding trading on the TSX Venture Exchange in Canada, the Frankfurt Stock Exchange and OTC Pink Sheets in the U.S. Aurvista’s only asset is the Douay Gold Project totaling 287 claims for 145.3 km(2). The project is located along the gold-bearing Casa Berardi Deformation Zone in northern Quebec. Details can be viewed on the Company’s website at www.aurvistagold.com.

For further information please contact:

Mr. Jean Lafleur, P. Geo.

President and CEO, Director
Cell +1 514 927 3633

Mr. Bryan Keeler
Chief Financial Officer
+1 416 504 4126

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 PRESS RELEASE.

Forward-Looking Statements

This news release may contain forward-looking statements based on assumptions, uncertainties and management’s best estimate of future events. Actual events or results could differ materially from the Company’s expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. When used herein, words such as “anticipate”, “will”, “intend” and similar expressions are intended to identify forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Aurvista Gold Corporation’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.aurvistagold.com.

SOURCE: Aurvista Gold Corporation

ReleaseID: 441462

Klondike Gold Corp Announces Option Grant

By Klondike Gold Corp.

VANCOUVER, BC / ACCESSWIRE / June 21, 2016 / Klondike Gold Corp. (TSX.V: KG) (“Klondike Gold” or the “Company”) announces that pursuant to the Company’s Stock Option Plan, a total of 710,000 incentive stock options have been granted to directors, officers, employees, and consultants of the Company. The options are exercisable at a price of $0.28 per share for a period of 10 years, subject to regulatory approval.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia, and Dawson City, Yukon Territory. The company is focused on exploration and development of its Yukon gold projects, accessible by government maintained roads located on the outskirts of Dawson City, YT, covering 308 square kilometers of hard rock and 20 square kilometers of placer claims including “McKinnon Creek” featured on the Discovery Channel show “Gold Rush”.

On behalf of Klondike Gold Corp.

“Peter Tallman”
President and CEO
(604) 609-6110
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.com

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

SOURCE: Klondike Gold Corp.

ReleaseID: 441463

SEC Charges Medical Device Manufacturer With FCPA Violations

The Securities and Exchange Commission today announced that Massachusetts-based medical device manufacturer Analogic Corp. and its wholly-owned Danish subsidiary have agreed to pay nearly $15 million to settle parallel civil and criminal actions involving Foreign Corrupt Practices Act (FCPA) violations.

An SEC investigation found that Analogic’s Danish subsidiary, BK Medical ApS, engaged in hundreds of sham transactions with distributors that funneled about $20 million to third parties, including individuals in Russia and apparent shell companies in Belize, the British Virgin Islands, Cyprus, and Seychelles.
Analogic agreed to pay $7.67 million in disgorgement and $3.8 million in prejudgment interest to settle the SEC’s charges that it failed to keep accurate books and records and maintain adequate internal accounting controls. In determining the settlement, the SEC considered Analogic’s self-reporting, remedial acts, and general cooperation with the SEC’s investigation. BK Medical agreed to pay a $3.4 million criminal fine in a non-prosecution agreement announced today by the U.S. Department of Justice.
“Analogic’s subsidiary, BK Medical, allowed itself to be used as a slush fund for its distributors, funneling millions of dollars around the world at its distributors’ direction without knowing the purpose of the payments or anything about the recipients,” said Kara Brockmeyer, Chief of the SEC Enforcement Division’s FCPA Unit. “Issuers and their subsidiaries cannot turn a blind eye to suspicious payments, even if they believe they are simply ‘helping out’ a business partner.”
Lars Frost, BK Medical’s former Chief Financial Officer, agreed to pay a $20,000 penalty to the SEC to settle charges that he knowingly circumvented the internal controls in place at BK Medical and falsified its books and records.
According to the SEC’s order instituting a settled administrative proceeding against Analogic and Frost:
  • From at least 2001 through early 2011, at the direction of its distributors, BK Medical participated in hundreds of highly suspicious transactions that posed a significant risk of bribery or other improper conduct, such as embezzlement or tax evasion.
  • At its distributors’ request, BK Medical would issue fictitious inflated invoices to the distributors and direct the overpayments it received to third parties identified by the distributors. BK Medical did not have a relationship with the third parties and did not know if the payments had any business purpose.
  • BK Medical’s Russian distributor accounted for at least 180 payments totaling more than $16 million. BK Medical participated in similar arrangements, but to a lesser degree, with distributors in Ghana, Israel, Kazakhstan, Ukraine, and Vietnam, for which BK Medical acted as a conduit for at least 80 payments totaling approximately $3.8 million.
  • Frost, who was BK Medical’s CFO from 2008 to 2011, personally authorized approximately 150 conduit payments and submitted false quarterly sub-certifications to Analogic.
Frost, a Danish citizen, consented to the SEC’s order without admitting or denying the findings that he caused Analogic’s violations and that he violated provisions of the federal securities laws and a related SEC rule that prohibit the knowing circumvention of internal controls and knowing falsification of books and records.
The SEC’s investigation was conducted by James R. Drabick and Patrick Noone of the Boston Regional Office and was supervised by Paul G. Block of the FCPA Unit. The SEC appreciates the assistance of the Fraud Section of the U.S. Department of Justice, the U.S. Attorney’s Office for the District of Massachusetts, and the Federal Bureau of Investigation, as well as the Danish State Prosecutor for Serious Economic and International Crime, the Austrian Financial Market Authority, the Latvian Financial and Capital Market Commission and the Financial Services Commission of the British Virgin Islands.