NEW YORK, NY / ACCESSWIRE / September 16, 2015 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it recently initiated coverage of Iberian Minerals Ltd. (TSXV: IML; OTCQB: SLDRF) with a 12 month price target of CDN$ 0.21.

The report is available here: IML Initiation Report. SeeThruEquity is an approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zack’s. The report will be available on these platforms. The firm also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street.

Based in Calgary, Canada, Iberian is a junior mining company focused on developing gold and high grade iron ore mining plays in Spain, a politically stable and mining friendly country with first-class infrastructure. Iberian has an experienced management team led by CEO Greg Pendura, CFO Don Weatherbee, CPA, CMA, and Chief Geologist Fernando de la Fuente Chacon, who has over 41 years of experience in exploration, evaluation, and mining geology including managerial roles at Anglogold and BHP, among others. Iberian’s strategy is to identify promising assets with relatively low risk and high potential rewards. The company then seeks to prove their value through exploration, investigation and early development. Currently Iberian is focused on two developing plays: the re-opening of the Cehegin iron ore concessions in southeastern Spain and the evaluation of its recently acquired Caurio gold/copper/silver concessions located in the Rio Narcea Belt in northern Spain.

“We are intrigued by Iberian’s strategy of identification and early development of promising assets followed by production partnerships. We see the two plays as promising early-stage projects and view Iberian as an intriguing speculative growth company in the mining sector,” stated Ajay Tandon, CEO of SeeThruEquity. “We are initiating coverage with a 12-month price target of CDN $0.21 per share.”

Additional highlights from the report are as follows:

Intriguing acquisition of gold rights in historic Asturius region

Iberian announced an opportunistic acquisition of the option to purchase nine gold-copper-silver Caurio concessions in the northern province of Asturias owned by Carolines del Narcea, S.L. The concessions total 3,143 hectares, and are located in an historic area that was originally mined by occupying Romans in Hispania. Iberian should benefit from the extensive exploration data from 1986 – 2006 by Anglo American Corp., Rio Narcea Gold Mines, and Lundin. The data includes a comprehensive GIS database, drill surveys from 38 drill holes targeting 12,262m, and 9,005m of core available for analysis, as well as soil geochemistry, petrographic studies, and data from 200m spaced flight lines from Airborne Geophysics over the entire area. Iberian estimates that the project has potential for up to 30 grams per tonne (g/t) of gold. Importantly, we note that the acquired concessions are strategically located between Orvana Minerals’ (TSX:ORV) El Valle-Boinás and Carles Mine gold mines, which are the only two operating gold mines in Spain. Given the location, we would consider the possibility of Orvana as a potential strategic partner in the future if Iberian is able to confirm prior data and better define the area’s prospects.

Continued progress on attractive high grade iron ore project

Despite the dramatic weakness in the iron ore process over the last twelve months, we are encouraged by progress on Iberian’s Cehegin high quality iron ore project in southeastern Spain. Through a joint venture and off-take partnership with natural resources giant Glencore Xstrata plc, Iberian is developing a magnetite iron ore project with several attractive attributes, including proximity to world-class infrastructure – the project is less than 100 miles from the deep sea Port of Cartagena and is connected by a toll free highway and rail. Additionally, Cehegin offers relatively low risk for a junior mining project, as the Iberian is seeking to re-open a brownfield operation, allowing the company to benefit from favorable permitting terms and extensive historical data. Approximately 4mn tonnes of magnetite iron ore was mined from Cehegin from 1975 to 1989, producing a high-grade product with over 65% iron and low impurities. Iberian is in the midst of Phase I of the project, and recently completed a high-resolution airborne magnetic survey, which the company is using to expand its area by 3,630 hectares. We expect Iberian to complete Phase I and release Davis Tube results over the next six months, with a goal of completing a Definitive Feasibility Study (DFS) by the end of 2016E. Iberian estimates magnetite mineralization of at least 25 – 30Mt at Cehegin and is targeting initial production by the end of 2018E.

Initiate coverage with a price target of CDN $0.21

Our analysis indicates a fair value estimate of CDN$0.21 per share for Iberian. We see the company as an intriguing junior miner with an experienced management and geological team and a nice focus on the early-stage development of promising gold and iron ore mineral assets in Spain. If achieved, the price target of $0.21 represents potential upside of 200% from the recent price of $0.07.

Please review important disclosures on our website at www.seethruequity.com.

About Iberian Minerals Ltd.

Iberian Minerals is a Canadian junior mining company focused in Spain. The Company is currently studying the re-opening of the Cehegin iron ore concessions in south eastern Spain and is further evaluating its recently acquired Caurio gold/copper/silver concessions located in the Rio Narcea Gold Belt in Asturias, northern Spain. Iberian Minerals’ business strategy is to actively engage its Spanish contacts and technical team towards the further accumulation of high interest assets throughout the country. For further information, go to www.iberianminerals.ca.

About SeeThruEquity

SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. The company does not conduct any investment banking or commission based business. SeeThruEquity is approved to contribute its research to Thomson One Analytics (First Call), Capital IQ, FactSet, Zacks, and distribute its research to its database of opt-in investors. The company also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street.

For more information visit www.seethruequity.com.

Contact:

Ajay Tandon
SeeThruEquity
info@seethruequity.com

SOURCE: SeeThruEquity

ReleaseID: 432013

Continues to Accelerate its Plans for Significant Revenue Growth in 2016

LAS VEGAS, NV / ACCESSWIRE / September 16, 2015 / GrowBLOX Sciences, Inc., (OTCQB: GBLX), a biopharmaceutical company with state-of-the-art technologies in plant biology and cultivation designed to produce consistent medicinal cannabis, announced today the acquisition of four Nevada State Medical Cannabis licenses.

An agreement with Sandra Tiffany, a former state senator of 14 years, an important figure in the legalization of medical cannabis in Nevada, and GBLX’s General Manager of Nevada operations, brings three of those medical cannabis licenses to GrowBLOX Sciences.

Craig Ellins, Chairman of the Board and Chief Executive Officer, comments,”Opportunities, opportunities, opportunities! Through strategic partnerships, and as the acquisition of these licenses demonstrate, GBLX continues its rapid growth in becoming a premier provider of medical cannabis. We are looking forward to a very exciting 2016, as all the hard work we have executed on will transition to commercialization and revenue growth.”

THE FIRST LICENSE is for a medical cannabis grow license for a location in Pahrump, Nevada. This location comprises not only a 5,000 square foot building, but also 4 acres of open space. This acreage is particularly interesting as it can be used for the construction of an unlimited number of greenhouses growing conventional product. This is acreage that would be particularly useful should recreational cannabis also become legal.

THE SECOND AND THIRD LICENSES are for a location on 3-1/2 acres in North Las Vegas. These licenses are for both the cultivation and production of medical cannabis. Not only does the cultivation license authorize a grow facility, but the subsequent license authorizes production, allowing our company to extract oils from the cannabis flower for vaporization or use in the creation of edibles.

THE FOURTH LICENSE is a dispensary license. Although arrangements with certain local Nevada parties were announced, in a subsidiary 55% owned by the Company (and 45% by the other Nevada partners,) the current arrangement is that the Company will own 100% of the grow facility, and the Nevada partners will own 90% of the dispensary licenses, only one of which has been granted (by Clark County) on Fort Apache Boulevard. The dispensary application which is pending with the City of Las Vegas included in the 90/10 arrangement should be granted. All of these arrangements are subject to certain regulatory approvals.

In addition to its ownership of the dispensaries, the Company retained the rights to 20% of the premier shelf space both of the dispensaries for its proprietary cultivation product, as well as the right to completely control and operate the delivery service that was included in the Fort Apache license, on a basis where 80% of the retail price is paid to the company when the Company’s proprietary product is delivered. It is expected that only the Company’s proprietary product will be delivered by the dispensary. All of these arrangements are also subject to certain regulatory approvals.

The newly acquired Nevada licenses are in addition to the “TECO” facility in Clark County. This 30,000 square foot Cultivation Lab will feature cleanroom infrastructure, environmental monitoring and controls, as well as biometric access security. The state-of-the-art design will provide the ideal facilities to produce raw materials at the capacity of a greenhouse with the precision of a laboratory.

All of the foregoing initiatives are contingent upon various regulatory prescriptions and proscriptions, and deadlines for certain aspects of operations. Although the Company is confident that it will comply with all such regulations and meet all such deadlines, it should be borne in mind that the Nevada state and local regulations which govern the medical cannabis business are labyrinthine and stringent.

About GrowBLOX Sciences, Inc.

GrowBLOX Sciences, Inc. (GBLX) is a biopharmaceutical research and development company focused on creating safe, standardized, pharmaceutical-grade, cannabinoid therapies that target a variety of medical conditions. The Company has leading technology and cannabis industry processes, with a “big” data-driven clinical research and development loop to bring relief to patients in communities across the country. Through our GBS PR subsidiary, we are developing and globally distributing our GrowBLOX(TM) suite of cultivation and growing chambers. To learn more about GrowBLOX Sciences, Inc., go to: http://growblox.com

Forward-Looking Statements

This press release may contain statements relating to future results or events, which are forward-looking statements. Words such as “expects”, “intends”, “plans”, “may”, “could”, “should”, “anticipates”, “likely”, “believes” and words of similar import may identify forward-looking statements. These statements are not historical facts, but instead represent only the Company’s belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company’s control. It is possible that the Company’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further, information concerning the Company and its business, including factors that potentially could materially affect the Company’s business and financial and other results, are contained in the Company’s filings with the Securities and Exchange Commission, available at www.sec.gov. All forward-looking statements included in this press release are made only as of the date of this press release, and we do not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which we hereafter become aware.

Note: Although the Company’s research and development activities are not illegal, the production and sale of cannabis products violate federal laws as presently constituted.

GrowBLOX is a registered trademark of GrowBLOX Sciences, Inc.

Contact Information

Corporate:

GrowBLOX Sciences, Inc.,
6450 Cameron Street, Suite 110A, Las Vegas, NV 89118
866-721-0297
Craig Ellins, CEO
Andrea Small Howard, Chief Science Officer
craig@gbsciences.com
andrea@gbsciences.com
http://growblox.com

Investors:

Hayden IR
hart@haydenir.com
917-658-7878

SOURCE: GrowBLOX Sciences, Inc.

ReleaseID: 432000

NASHVILLE, TN / ACCESSWIRE / September 16, 2015 / First Colombia Gold Corp (PINKSHEETS: FCGD) announced today that construction has started on its first Maryland Fried Chicken location. Located within the Shoppes at Winder Station in Winder, Georgia, this location will be a 1,500 square foot restaurant located within this brand new shopping complex.

The franchise, Maryland Fried Chicken, which was acquired by First Colombia Gold and announced in April, will be the first of five initial locations to be opened by the company. The other four locations, scheduled to open by the end of the year, will all be located within the convenience stores that the company is in the process of acquiring. These convenience stores are expected to close at the beginning of the fourth quarter. Jason Castenir, CEO of First Colombia Gold stated, “We are very excited to have this location under construction and we are anxious to get it up and running. Our team has been working very hard on getting these recent acquisitions fully integrated into the company. Once these acquisitions are finalized, we anticipate that they will perform as expected and generate earnings for the company.”

Mr. Clarence Parks, president of First Colombia Gold, stated, “This is just the beginning of what we feel will be a very successful business for our company. With the performance of the convenience stores and the quick serve restaurants, we are very optimistic about our revenue over the next year.”

Since First Colombia Gold first acquired Triangle Restaurant Group, it has been looking for creative ways to work the Quick-Serve Restaurant concept into the larger business model. After signing the letter of intent to acquire 11 convenience stores, First Colombia Gold announced its plan to integrate the two business models in order to become a large-scale operator of convenience stores, travel centers, and quick-serve restaurants.

In addition to these announcements, the company also announced that it has updated its social media content and rebranded the company in order to better align with its business model. Included in this redesign are new logos for the company, a new web address and new phone numbers.

Investor Inquiries:

Website: www.firstcolombiagoldcorp.com
Email: info@firstcolombiagoldcorp.com
Facebook: http://www.facebook.com/FirstColombiaGold
Twitter: http://www.twitter.com/FCGDCorp

Disclaimer

This release contains forward-looking statements that are based on beliefs of First Colombia Gold Corp. management and reflect First Colombia Gold Corp.’s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release the words “estimate,” “project,” “believe,” “anticipate,” “intend,” “expect,” “plan,” “predict,” “may,” “should,” “will,” “can,” the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of First Colombia Gold Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, First Colombia Gold Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release incorporates by reference the Company’s filings with the SEC including 10K, 10Q, 8K reports and other filings. Investors are encouraged to review all filings. There is no assurance First Colombia Gold Corp. will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company’s due diligence on the potential acquisition of oil and gas assets will be favorable nor that definitive terms can be negotiated. Information in this release includes representations from the private companies referred to which has not been independently verified by the company. A downturn in oil prices would affect the potential profitability of the proposed acquisition negatively.

SOURCE: First Colombia Gold Corp.

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