Acquiring Hello Pal Mobile Application; Increases Proposed Financing to $1.25 Million

VANCOUVER, BC / ACCESSWIRE / February 29, 2016 / NEOTECK SOLUTIONS INC. (“Neoteck”) (TSX-V: NEO.H) is pleased to announce that it has entered into the definitive asset purchase agreement dated February 29, 2016 (the “Definitive Agreement”) with Hello Pal International, Inc. (“HPI”) whereby Neoteck has agreed to acquire all of the assets that comprise the Hello Pal software application (the “HPI Platform”).

Neoteck further intends to apply to list the common shares of Neoteck on the Canadian Securities Exchange (“CSE”) and will de-list its common shares from the TSX Venture Exchange (“TSXV”) prior to closing of the Transaction. Upon closing of the Transaction, Neoteck intends to be listed as a technology issuer on the CSE.

About Hello Pal International, Inc. and the HPI Platform

Hello Pal International, Inc. (“HPI”) was incorporated under the laws of the British Virgin Islands and it maintains its principal head office located in Road Town, Tortola, BVI. The HPI Platform is a proprietary and open social exchange language and learning mobile application and network (i.e., a full mobile language exchange) for use in a whole host of applications – including for language learning and socialization. The HPI Platform has been designed from the ground up to be easy to use and enables users’ the freedom to speak in their own language regardless of the other person’s language they are speaking to. The Hello Pal application was launched on the Google Play Store in May 2015 and iOS App Store November 2015. It is anticipated to be launched on the Windows platform in 2016.

KL Wong is the Chief Executive Officer, director and controlling shareholder of HPI.

Terms of Transaction

Under the Definitive Agreement, HPI has agreed to sell to Neoteck the HPI Platform and, in consideration of which, Neoteck has agreed to issue 25,000,000 post-consolidation common shares of Neoteck to HPI on closing (the “Transaction”).

Immediately prior to closing the Transaction, Neoteck will consolidate its common shares on the basis of one post-consolidation common share of Neoteck for every 1.5 pre-consolidation common share of Neoteck (the “Consolidation”). Neoteck currently has 38,060,966 common shares issued and outstanding. Following the Consolidation and prior to closing the Transaction and Financing (as defined below), the issued and outstanding post-Consolidation common share of Neoteck would be approximately 25,373,977.

On closing of the Transaction, Neoteck plans to change its name to “Hello Pal International Inc.” and the post-Consolidation common shares of Neoteck will be listed on the CSE under a new trading symbol.

The Transaction will be subject to the conditions precedent that will be set out in the Definitive Agreement, including the following: (i) Neoteck listing its common shares on the CSE and de-listing its common shares from the TSXV, (ii) completion of the Financing, and (iii) completion of the Consolidation.

Increase to Proposed Financing

Neoteck also announces that it has increased its previously announced private placement financing to from 6,666,667 post-Consolidation common shares of Neoteck to 8,333,334 post-Consolidation common shares of Neoteck at a price of $0.15 per post-Consolidation common share of Neoteck for gross proceeds of $1,250,000 (the “Financing”). The proceeds of the Financing will be used to fund the operations of HPI Platform and for general working capital purposes. Subject to CSE approval, finder’s fees may be payable in connection with the Financing.

Intention to De-List from the TSXV and to Seek Listing on the CSE

Neoteck will apply to list its common shares on the CSE (the “Listing”). The Company is in the process of preparing to submit the requisite listing documents to the CSE, however, there is no assurance the CSE will provide conditional or final approval of Neoteck’s application to list its common shares on the CSE.

Further, the Company will apply to delist its common shares from the TSXV and will de-list prior to completing the Transaction and the CSE listing (the “De-Listing”). The De-Listing is subject to the approval of the TSXV.

The details of the Transaction will be set forth in the CSE Form 2A – Listing Statement, which will be submitted to the CSE (the “Listing Statement”). Upon submission of the final Listing Statement, the Company will seek to obtain approval of the majority of the shareholders of the Transaction prior to closing the Transaction and Listing.

Directors and Officers following closing of the Transaction

Upon completion of the Transaction, it is anticipated that the board of directors of Neoteck will comprise of three individuals. As of the date of this news release, the following persons are anticipated to be the directors and officers of Neoteck following completion of the Transaction:

KL Wong-Chief Executive Officer, President and Director

Mr. Wong founded and has served as Chief Executive Officer and Director of HPI since 2007. From 1995 to 1999, Mr. Wong was a lawyer at Clifford Chance in London, England where he specialized in Chinese law and technology/telecoms markets. Mr. Wong was a VP of Business Development at China.com (NASDAQ: CHINA) and Hongkong.com (HK: 8006) from 1999 through to 2001. He was the President of Softbank Investment (HK: 0648) from 2001 through to 2007 where he was involved mainly in technology-related projects throughout China. From 2008 to present, Mr. Wong is the founder and CEO of BrillKids – a firm specializing in early advanced childhood education.

Gunther Roehlig – Director

Mr. Roehlig has more than 15 years of experience in the financial and investment industry. In particular, Mr. Roehlig has experience in restructuring, managing and financing junior public companies. Most recently, Mr. Roehlig served as the president of Terra Ventures Inc., which held a 10% stake in the high grade Roughrider uranium discovery owned by Hathor Exploration. In May 2011, Terra Ventures was acquired by Hathor Exploration – Hathor was then subsequently acquired by one of the world’s largest mining companies Rio Tinto in late 2011.

Robert McMorran – Director

Mr. McMorran is a Certified Professional Accountant (CPA, CA). In July 1997 he founded Malaspina Consultants Inc., a private company that provides CFO, accounting and administrative support services to junior public companies. Mr. McMorran has held board and senior management positions with a number of public companies since 1991 and is a director and or CFO of a number of companies, including Encanto Potash Corp. and Santacruz Silver Mining Ltd.

Arm’s Length Transaction

None of Neoteck’s non-arm’s length parties hold a direct or indirect beneficial interest in or are insiders of HPI.

Sponsorship

As Neoteck will be de-listing from the TSXV prior to closing of the Transaction, it will not be retaining a Sponsor in connection with this Transaction.

About Neoteck

Neoteck is a company incorporated under the laws of British Columbia and has been actively seeking out a business for its future operations. Neoteck is listed for trading on the TSXV under the symbol “NEO.H”.

For further information please contact:

Neoteck Solutions Inc.
Gunther Roehlig, CEO
(604) 683-0911

Information set forth in this news release contains forward-looking statements. These statements reflect management’s current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Neoteck cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Neoteck’s control. Such factors include, among other things: risks and uncertainties relating to Neoteck’s ability to complete the proposed Transaction; and other risks and uncertainties. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Neoteck undertakes no obligation to publicly update or revise forward-looking information.

Completion of the transaction is subject to a number of conditions, including but not limited to, the Listing on the CSE, De-Listing from the TSXV and Neoteck Shareholder Approval. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Management Information Circular or the CSE Form 2A – Listing Statement to be prepared in connection with the transaction, any information released or received with respect to the COB may not be accurate or complete and should not be relied upon. Trading in the securities of Neoteck should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

A halt in trading shall remain in place until the De-Listing of Neoteck’s Shares from the TSX Venture Exchange.

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

SOURCE: Neoteck Solutions Inc.

ReleaseID: 437316

TORONTO, ON / ACCESSWIRE / February 29, 2016 / Eco (Atlantic) Oil & Gas Ltd. (TSXV: EOG) (NSX: EOG) (“Eco Atlantic” or the “Company”) today reported its financial and operational results for the nine-month period ended December 31, 2015, and provides an update on recent corporate achievements and anticipated milestones for 2016.

Eco Atlantic reported on the following financial, operational and business milestones:

– Execution of 870 km2, 3D Seismic program during January 2016 on the Guy License offshore Namibia, in partnership with AziNam Ltd. Processing and interpretation is currently underway.

– Interpretation of the 3D Seismic survey on the Cooper License progressing.

– Signing of a Joint Operating Agreement on the Three Points Deep Water West Block offshore Ghana between all the partners, and commencement of preparations for exploration activities.

– Completion of the acquisition of the Orinduik Block offshore Guyana, in January 2016 in partnership with Tullow Oil, including the signing of a 10-year Petroleum Agreement, and signing a Joint Operating Agreement with Tullow Oil as Operator.

– Quarter on quarter reduction of general and administrative costs, compensation expenses and professional fees from a total of $551,000 in the last quarter to $228,000 for the current quarter ended December 31, 2015. In January 2016, Eco Atlantic adopted further reductions in general and administrative costs. These savings will be reflected in future quarters and expected to save approximately $250,000 during 2016.

– Eco Atlantic has met all of its current work commitments under the various Petroleum Agreements’ and is being cost carried and sufficiently funded to progress its exploration commitments for the fiscal year ahead.

Eco Atlantic CEO, Gil Holzman stated: “Calendar year 2015 has been extremely busy! In Namibia, we completed the 2D seismic processing and interpretation on our Guy license, and commenced the 870 km2 3D seismic program. On our Cooper license, we completed the 3D seismic shoot and are in the last stages of the data interpretation. In other regions, we have been successful in securing an offshore license in Ghana adjacent to the Jubilee Field and in Guyana, right next to Exxon’s Liza discovery on favorable terms, thus expanding our portfolio of international oil and gas licenses.” Looking ahead, Holzman added: “We are excited about our expanding portfolio and the progress we are making in all regions. We continue to believe that the markets will positively turn during 2016 and credit Eco Atlantic’s robust portfolio.”

The Company’s financial statements, and Management Discussion and Analysis, are available on the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com.

About Eco Atlantic

Eco Atlantic is an oil and gas exploration company focused on the acquisition and development of unique upstream petroleum opportunities around the world. The Company’s objective is to identify technically merited prospective new and developing projects in frontier areas requiring low cost entry. In Namibia through wholly owned subsidiaries, the Company currently holds interests, some carried, in four offshore petroleum licenses covering more than 32,000 square kilometers in the Walvis and Lüderitz Basins.

In Ghana, Eco Atlantic also holds and operates an interest in the Deepwater Cape Three Points West Deep Water offshore block, covering 944 square kilometers, and in Guyana, Eco Atlantic holds an interest in the 1,800 square kilometer Orinduik offshore block.

Eco Atlantic enjoys strong local presence in the countries in which it operates and has a longstanding relationship with the energy and oil and gas sectors throughout Africa and other maturing exploration plays internationally.

Forward Looking Statements

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: Certain information in this press release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may,” “should,” “anticipate,” “expects” and similar expressions. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with oil and gas production and exploration, marketing and transportation; retention of and ability to attract Company personnel, regulatory approvals, loss of markets; volatility of commodity prices; currency and interest rate fluctuations; imprecision of reserve estimates; environmental risks; competition; inability to access sufficient capital from internal and external sources; changes in legislation, including but not limited to income tax, environmental laws and regulatory matters. Readers are cautioned that the foregoing list of factors is not exhaustive.

Although Eco Atlantic believes in light of the experience of its officers and directors, current conditions, expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because Eco Atlantic can give no assurance that they will prove to be correct. The forward-looking statements contained in this press release are made as of the date hereof and Eco Atlantic undertakes no obligation to update publicly or revise any forward- looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

For More Information on Eco Atlantic Contact:

Gil Holzman
President and Chief Executive Officer
gil@ecooilandgas.com
Tel: +972.508884529

Alan Friedman
Executive Vice President
Alan@ecooilandgas.com
Tel: +1.416.250.1955

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.

SOURCE: Eco (Atlantic) Oil & Gas Ltd.

ReleaseID: 437314

TORONTO, ON / ACCESSWIRE / February 29, 2016 / DNI METALS INC. (CSE: DNI) (FSE: DG7N) is pleased to provide a corporate update regarding the following corporate milestones:

DNI’s Wholesale business:

DNI is pleased to be a partner with Great Lakes Graphite and recently supplied 40 tonnes to Great Lakes as press released on Thursday February 16th 2016 by the Company. http://www.greatlakesgraphite.com/2016/02/16/great-lakes-graphite-announces-receipt-of-initial-purchase-order/. DNI continues to grow its graphite wholesale business to build relationships between graphite producers and offtake partners.

Progress on the Purchase of DNI Labs:

The current owners of the Lab have agreed to increase the Vendor Take Back (VTB) in regards to the purchase of the lab. DNI has been presented with several additional options to close the purchase, and is assessing each.

Acquisition of 2 mining companies:

DNI continues to work through the due diligence processes on the acquisitions of 2 Companies, CR Capital and a private mining company, as announced by DNI on January 28, 2016 http://www.newsfilecorp.com/release/19025/DNI-Metals-Signs-NonBinding-Letter-of-Intents-LOIs-to-Acquire-Two-Companies#.VsnPUDbSnIU.

Changes to DNI’s Management Team:

DNI would like to announce that Colin Grant, DNI’s current CFO is retiring, we wish him all the best. DNI is pleased to announce that Brian Howlett, CEO of CR Capital, will step in as interim CFO.

“Each component adds so much value and depth to DNI,” says Dan Weir, CEO of DNI. “We are focused on building a vertically integrated industrial metals company, and owning a lab, securing offtake agreements and bolstering our management team, demonstrates that we’re on the right track.”

PDAC Presentation:

CEO Dan Weir has been asked to present during PDAC at the CSE, MNP LLP and Equities.com Luncheon on Tuesday March 8th 11:30am – 1pm at the Intercontinental Hotel, Ballroom A.

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

DNI – Canadian Securities Exchange
DG7N – Frankfurt
Issued: 31,386,204

For further information, contact:

DNI Metals Inc. – Dan Weir, President & CEO
416-595-1195
DanWeir@dnimetals.com

Katrin Tosine
Capital Markets and Investor Relations Advisor
kat@dnimetals.com
647.388.4984

email ir@dnimetals.com

Also visit www.dnimetals.com

We seek Safe Harbour

This announcement includes forward looking statements. While these statements represent DNI’s best current judgment, they are subject to risks and uncertainties that could cause actual results to vary, including risk factors listed in DNI’s Annual Information Form and its MD&As, all of which are available from SEDAR and on its website.

Caution Regarding Forward-Looking Information

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated benefits of the Transaction to the Company and shareholders of the Company; the pro forma shareholdings of the Company’s shareholders in DNI; execution of the Definitive Agreement, the timing and receipt of the required shareholder, stock exchange and regulatory approvals for the Transaction; the anticipated timing for mailing the management information circular to the shareholders of the Company in respect of the Transaction; the closing of the Transaction; the length of the current market cycle and requirements for an issuer to survive in the current market cycle; future growth potential of DNI and its business; and future mine development plans.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forwardlooking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: satisfaction or waiver of all applicable conditions to closing of the Transaction (including receipt of all necessary shareholder, stock exchange and regulatory approvals or consents, and the absence of material changes with respect to the parties and their respective businesses); the synergies expected from the Transaction not being realized; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets and the market price of the DNI Shares and the Company Shares; fluctuations in spot and forward prices of graphite or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties. In addition, the failure of a party to comply with the terms of the Definitive Agreement (assuming the Definitive Agreement is entered into) may result in that party being required to pay a non-completion or other fee to the other party, the result of which could have a material adverse effect on the paying party’s financial position and results of operations and its ability to fund growth prospects and current operations. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended.

Readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, the Company assumes no obligation to update the forward looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

SOURCE: DNI Metals Inc.

ReleaseID: 437312

VANCOUVER, BC / ACCESSWIRE / February 29, 2016 / Maple Leaf Short Duration 2016 Flow-Through Limited Partnership (the “Partnership”) is pleased to announce that it has filed a final prospectus (the “Prospectus”) dated February 24, 2016 with the securities commissions or similar authorities in each of the Provinces and Territories of Canada relating to the initial public offering of units of the Partnership. The maximum offering of the Partnership’s National Class Units is $10,000,000 and the Quebec Class Units is $10,000,000. The books will close on Thursday, March 10, 2016 at 12 noon (EST) for its initial closing on March 11, 2016.

Partnership Objectives & Benefits – National Class Units

The Partnership is designed to provide holders of National Class Units (“National Class Limited Partners”) with an investment in a diversified portfolio of Flow-Through Shares of Resource Companies incurring Eligible Expenditures (as those terms are defined in the Prospectus) across Canada with a view to maximizing the tax benefits of an investment in National Class Units and achieving capital appreciation and/or income for National Class Limited Partners. National Class Limited Partners must be residents of Canada or liable to pay Canadian income tax.

Investors are expected to receive tax deductions for 2016 of approximately 100% of the amount invested based on and subject to certain conditions as set forth in the Prospectus.

Partnership Objectives & Benefits – Québec Class Units

The Partnership is designed to provide holders of Québec Class Units (“Québec Class Limited Partners”) with an investment in a diversified portfolio of Flow-Through Shares of Resource Companies incurring Eligible Expenditures principally in the Province of Québec with a view to maximizing the tax benefits of an investment in Québec Class Units and achieving capital appreciation and/or income for Québec Class Limited Partners. Québec Class Units are most suitable for investors who reside in the Province Québec or are liable to pay income tax in Québec.

Investors are expected to receive tax deductions for 2016 of up to 130% of the amount invested based on and subject to certain conditions as set forth in the Prospectus.

Liquidity Event

The investment portfolios of both the National and Québec Class Units will be actively managed in such a way as to preserve the ability to undertake a future liquidity event, such as a rollover into a mutual fund corporation.

The Syndicate

The syndicate of agents for the offering is being led by Scotiabank, BMO Capital Markets, CIBC World Markets Inc. and National Bank Financial Inc. and includes GMP Securities L.P., Canaccord Genuity Corp., Desjardins Securities Inc., Manulife Securities Incorporated, Raymond James Ltd., Burgeonvest Bick Securities Limited, Dundee Securities Ltd., Global Securities Corporation, Industrial Alliance Securities Inc., and Laurentian Bank Securities Inc. A copy of the Prospectus can be obtained from any agent.

Offering Jurisdictions

Each of the Provinces and Territories of Canada.

FOR FURTHER INFORMATION, PLEASE CONTACT

Hugh Cartwright, Chairman
MAPLE LEAF FLOW-THROUGH PROGRAMS

Tel: 1-866-688-5750
Email: info@mapleleaffunds.ca
Web: www.MapleLeafFunds.ca

A final prospectus dated February 24, 2016 relating to these securities has been filed with the securities commissions or similar authorities in each of the Provinces and Territories of Canada. This release shall not constitute an offer to sell or the solicitation of any offer to buy the securities. This release is provided for information purposes only. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the Prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Capitalized terms not defined herein have the meanings set forth in the Prospectus.

SOURCE: Maple Leaf Short Duration 2016 Flow-Through Limited Partnership

ReleaseID: 437304