NEW YORK, NY / ACCESSWIRE / September 29, 2016 / Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Emergent BioSolutions Inc. (NYSE: EBS).

If you are a shareholder of Emergent and are interested in obtaining additional information regarding this investigation, free of charge, please visit us at:

http://pjlfirm.com/emergent-biosolutions-inc/

You may also contact Robert H. Lefkowitz, Esq. either via email at rl@pjlfirm.com or by telephone at 212-725-1000. One of our attorneys will personally speak with you about the case at no cost or obligation.

Purcell Julie & Lefkowitz LLP is a law firm exclusively committed to representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty and other types of corporate misconduct. For more information about the firm and its attorneys, please visit http://pjlfirm.com. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Purcell Julie & Lefkowitz LLP

ReleaseID: 446226

LONDON, UK / ACCESSWIRE / September 29, 2016 / Active Wall St. announces its post-earnings coverage on Cintas Corporation (NASDAQ: CTAS). The company posted its financial results for the first quarter fiscal 2017 (Q1 FY17) on September 27, 2016. The Cincinnati, Ohio-based company’s Q1 FY17 total revenue and net income from continuing operations surged 7.9% and 30.0% on y-o-y basis, respectively; both beating market expectations. Register with us now for your free membership at: http://www.activewallst.com/register/.

Today, AWS is promoting its earnings coverage on CTAS; touching on G&K Services, Inc. (NASDAQ: GK). Get our free coverage by signing up to http://www.activewallst.com/registration-3/?symbol=CTAS.

Earnings Reviewed

For the quarter ended on August 31, 2016, Cintas reported total revenue of $1.29 billion compared to total revenue of $1.20 billion recorded at the end of Q1 FY16. The increase in quarterly total revenue was primarily driven by new business gains, with the existing customer engaging in some more products and services, and strong customer retention efforts.

The business services company’s net income surged to $138.09 million, or $1.29 per diluted share, in Q1 FY17 from $100.18 million, or $0.89 per diluted share, in the previous year’s quarter. Moreover, net income from continuing operations for Q1 FY17 came in at $138.09 million, or $1.29 per diluted share, which was above $106.20 million, or $0.94 per diluted share, reported in Q1 FY16 and market consensus estimate of $1.08 per diluted share.

For the earnings releases, Scott D. Farmer, Cintas’ Chief Executive Officer, stated:

“In our recently ended fiscal year 2016, we achieved record revenue and EPS and increased EPS by double-digits for the sixth consecutive year. We are pleased to report a continuation of strong results into the first quarter of fiscal 2017. This solid start positions us for another year of record-breaking results.”

Operational Metrics

In Q1 FY17, Cintas operating income grew 11.6% y-o-y to $206.96 million from $185.51 million, recorded in the year ago period. The company’s Q1 FY17 operating income included transaction expenses amounting to $2.8 million pertaining to the recently announced agreement to acquire G&K Services, Inc. (NASDAQ: GK). Furthermore, operating margin for Q1 FY17 also improved to16% of total revenues from 15.5% of total revenues in the prior year’s reported quarter.

Segment-wise

Cintas’ Uniform rental and facility services segment total revenue for Q1 FY17 increased 6.5% y-o-y to $999.60 million from $938.41 million reported in Q1 FY16. The segment’s Q1 FY17 income before income taxes surged to $185.25 million from $165.38 million in Q1 FY16.

The company’s First Aid and Safety Services segment total revenue for Q1 FY17 grew 25% y-o-y to $124.84 million from $99.49 million in Q1 FY16. Furthermore, the segment’s income before income taxes improved to $11.51 million in Q1 FY17 from $8.59 million in Q1 FY16.

Cash Matters and Balance Sheet

In Q1 FY17, the company posted a positive cash flow from operations of $157.59 million compared to a positive cash flow from operations of $143.08 million in the last year’s quarter. Additionally, the company recorded cash and cash equivalents balance of $99.21 million on August 31, 2016, compared to $139.36 million as on close of books on May 31, 2016.

Acquisition

On August 16, 2016, Cintas entered into a definitive agreement to acquire rival G&K Services for $97.50 per share in cash. The purchase price represented a premium of 19% on the closing price of G&K Services’ stock as on August 15, 2016. The merger deal is still under process with pending approvals from G&K’s shareholders and regulatory clearances from both the US and Canada.

Guidance

After a robust Q1 FY17, the company updated its earnings outlook for full year FY17. The company now forecast revenues for FY17 to be in the range of $5.160 billion to $5.225 billion, up 5.2%–6.5% on y-o-y basis. The company’s management expects earnings from continuing operations to lie between $4.55 per share and$4.63 per share, with a year-over-year growth in the range of 11.2% to 13.2%.

Stock Performance

On Wednesday, the stock closed the trading session at $116.17, climbing 2.42% from its previous closing price of $113.43. A total volume of 1.48 million shares have exchanged hands, which was higher than the 3-month average volume of 712.16 thousand shares. Cintas’ stock price advanced 21.45% in the last three months, 29.35% in the past six months, and 38.57% in the previous twelve months. Furthermore, since the start of the year, shares of the company has gained 27.59%. The stock is trading at a PE ratio of 27.93 and has a dividend yield of 0.90%.

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The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

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NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 446205

LONDON, UK / ACCESSWIRE / September 29, 2016 / Active Wall St. blog coverage looks at the headline from Deutsche Bank AG (NYSE: DB) as the company announced on September 28, 2016 that it had finalized an agreement with Phoenix Life Holdings Limited to sell its UK based Abbey Life business. The deal is valued at £935 million, or around $1.2 billion based on current exchange rates. Register with us now for your free membership and blog access at:  http://www.activewallst.com/register/.

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Deutsche Bank owned Abbey Life by way of Deutsche Asset Management. As per the sale agreement, Phoenix Life Holdings Limited (a subsidiary of Phoenix Group Holdings Limited) will acquire the complete business of Abbey Life which includes Abbey Life Assurance Company Limited, Abbey Life Trustee Services Limited, and Abbey Life Trust Securities Limited. The transaction is subject to approvals from regulatory bodies including Prudential Regulatory Authority.

Commenting on the sale, John Cryan, Chief Executive Officer of Deutsche Bank, said:

“We are pleased to have reached this agreement with Phoenix Group. Deutsche Asset Management will continue to focus on its core businesses of Active, Passive and Alternatives, while this transaction will also strengthen Deutsche Bank’s capital position. We continue to build a simpler and better Deutsche Bank.”

Implications:

For Deutsche Bank

Deutsche Bank had acquired Abbey in 2007 for £977 million and has been looking at selling it off since the last one year. For Deutsche Bank the sale means it will face a pre-tax loss of around €800 million (approx. $ 895 million); however it will mainly be write-offs in terms of goodwill and other intangible assets. The sale will also result in influx of cash which will increase Deutsche Bank’s capital ratio by 10 basis points.

Deutsche Bank has been under financial pressure and CEO John Cryan has been working towards overhauling the entire organization, increasing cash and assets base. New European regulations, which mandate more capital against any assets as well as low interest rates, have played a major role in pushing the sale.

For Phoenix Group Holdings

Acquisition is a part of Phoenix Group’s long-term strategy for growth in a low interest market scenario. In May 2016, Phoenix Group via its subsidiary Pearl Life Holdings had acquired AXA’s UK investment and pensions business. With the current acquisition, Phoenix Group will add £10 billion of assets under management (AUM) and around 735,000 new policyholders. From purchase of Abbey Life, Phoenix Group expects to earn £0.5 billion cash flows for the period 2016–2020. From 2021 onwards the cash flows are expected to increase to £1.1 billion which will help the company’s plans to increase dividends for its shareholders.

Phoenix Group plans to fund its acquisition of Abbey Life with a bank lending to the tune of £250 million and a sale of equity with a rights issue valued at £735 million.

Legal hurdles

Deutsche Bank is under financial pressure and its stock has been hit hard in recent times. It has been looking at raising funds either from asset sale or any other means to improve its balance sheet. The public offering of Deutsche Bank’s German Postbank consumer division was also put on hold. The US Department of Justice is demanding $14 billion from Deutsche Bank as settlement for probe into sale of mortgage-backed securities during the pre-crisis period.

Another legal tangle is linked with the current asset sold – Abbey Life. UK’s insurance regulatory body – Financial Conduct Authority – has been investigating Abbey Life’s annuity sales and other practices which could lead to claims from policy holders or fines. As one of the conditions of sale, Deutsche Bank has agreed to indemnify Phoenix Group against possible future claims to the extent of $228 million. The resultant legal fees are going to take a toll on Deutsche Bank’s reserves.

Stock Performance

On Wednesday, September 28, 2016, Deutsche Bank’s shares closed the trading session at $12.30, jumping 3.19% from its previous closing price of $11.92. A total volume of 14.47 million shares exchanged hands at the end of the day, which was higher than the 3-month average volume of 5.77 million shares. At the close yesterday, the stock’s market cap was $17.01 billion.

Analysts and industry experts have been speculating that unless the parent bank manages to raise fresh capital or the German government steps in to bailout the bank, its survival is hanging on a thin thread. In either scenario investors will take a hit. The worst case scenario if Deutsche Bank topples could lead to a major financial and banking crisis globally.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 446212

VANCOUVER, BC / ACCESSWIRE / September 29, 2016 / Forum Uranium Corp. (TSXV: FDC) (“Forum”) and Uracan Resources Ltd. (TSXV: URC) (“Uracan”) announce the commencement of a 3,000 metre drill program on Forum’s 100% owned Clearwater Project, on trend from Fission Uranium’s Triple R deposit and Nexgen Energy’s Arrow Deposit in the Athabasca Basin, Saskatchewan (Figure 1). The Patterson Lake Corridor continues to yield significant uranium mineralization 840 metres to the southwest of the original discovery in the direction of the Clearwater Project.

A total of eleven drill holes totalling 2,836 metres have been completed to date on the property. This previous drilling defined a number of target areas with altered and reactivated graphite bearing structures with elevated boron and nickel geochemistry and anomalous uranium values. Forum and Uracan plan to drill ten to twelve drill holes to follow-up these structures along the Mongo and Key trends and to test new targets that have not yet been drill tested.

In addition, a 12 line kilometre ground electromagnetic survey is currently underway on the Clearwater Project to better target the planned drilling.

Uracan Option Agreement

Uracan can earn a 25% interest in the Clearwater property by spending $1.5 million (approximately $500,000 spent to date), a 51% interest in the Clearwater property by spending $3 million in exploration over three years and up to a 70% interest by spending $6 million over five years. The Clearwater Project covers a total of 9,912 hectares adjoining Fission Uranium’s Patterson Lake South claims to the southwest. Forum will be the Project operator until Uracan earns its 51% interest, after which Uracan may elect to become the operator.

Figure 1: The Mongo Trend is the extension of the Patterson Lake Corridor, host to the Triple R and Arrow uranium deposits. The Key Trend has demonstrated potential for uranium deposition from previous drill programs by Forum and Uracan.

To view an enhanced version of Figure 1, please visit: http://www.accesswire.com/uploads/22776_a1475091680999_42.jpg

Ken Wheatley, P.Geo. and Forum’s VP, Exploration and Qualified Person under National Instrument 43-101, has reviewed and approved the contents of this news release.

About Forum Uranium

Forum Uranium Corp. is a Canadian-based energy company with a focus on the acquisition, exploration and development of Canadian uranium projects. Forum has assembled a highly experienced team of exploration professionals with a track record of mine discoveries for unconformity-style uranium deposits in Canada. The Company has a strategy to discover near surface uranium deposits in the Athabasca Basin, Saskatchewan by exploring on its 100% owned properties and through strategic partnerships and joint ventures with Cameco, AREVA, RTX, NexGen and Uracan.

ON BEHALF OF THE BOARD OF DIRECTORS

Richard J. Mazur, P.Geo.
President & CEO

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.

For further information contact:

Rick Mazur, President & CEO
Tel: 604-630-1585

Matt Terriss, Director, Corporate Affairs
Tel: 604-689-2599

SOURCE: Forum Uranium Corp.

ReleaseID: 446227

LAS VEGAS, NV / ACCESSWIRE / September 29, 2016 / Defense Technologies International Corp (OTCQB: DTII) (The Company), a developer of security technologies, issues a Shareholder Update.

DTII’s subsidiary, ‘Defense Technology Corporation’ (DTC) is in the midst of completing its final testing of its advanced metal detection device, The Offender Alert Passive Scan™ which will provide enhanced safety especially to schools, without any harmful effect to the students throughout their entire school life, due to our exclusive, advanced technology. Our scanner will detect any type of Firearm, Knives and other dangerous items and will equally serve sports stadiums and other venues around the country and the world.

Due to the recent rash of shootings in schools, as today in South Carolina, we are working feverishly to complete the final process so that we can provide alternative and enhanced safety measures for our children across the United States.

We anticipate having the final product for installation within 30 days and look forward to present our product in school districts across the United States.

Merrill W. Moses the CEO of Defense Technologies International Corp. commented: “I’m pleased and increasingly proud of what we portend to do in helping the public as well as the private education system. We know it’s every school’s moral directive to provide both Security and a sense of Safety for both the students and as well the hard-working staff.”

“In our discussions with School Administrators, we’ve heard and felt that they each feel an inherent stewardship and responsibility over both their student body and as well their fellow educators. We at DTI wish to advance the schools ability to provide a sense of tranquility and safety by making available to them an affordable security detection system and to assist each school’s efforts in providing for that same said ‘Sense of Peace’ by providing detection products that help insure that Moral Obligation is met.”

Photos of the first unit frames can be seen on our official Facebook page at: https://www.facebook.com/DefenseTechnologiesInternationalCorp

Our Website: http://www.defensetechnologiesintl.com/

As of September 29, 2016, the Company had approximately 26,196,056 common shares issued and outstanding, and was traded on the OTCQB exchange under the ticker symbol “DTII”.

Forward-Looking Statements

This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Contact:

Defense Technologies International
Merrill W. Moses, President & CEO
Phone: 800 520-9485 Email: dtii@defensetechnologiesintl.com

SOURCE: Defense Technologies International Corp.

ReleaseID: 446229

VANCOUVER, BC / ACCESSWIRE / September 29, 2016 / Gainey Capital Corp. (TSXV: GNC) (OTCQX: GNYPF) (“Gainey” or the “Company”) is pleased to announce assay results from the first hole of the Company’s ongoing, Phase 1 drill program at the near surface, La Nueva Victoria Mineralized Zone (“La Nueva Victoria”) of the El Colomo property in Sierra Madre Golden Belt, Mexico. The mineralized interval commences at 5.15 meters from surface for 70.85 meters of 0.65 g/t Au and 35.31 g/t Ag (1.14 g/t Au Eq), please see Table 1 below for more details:

Table 1 – New drill results from the La Nueva Victoria Zone at El Colomo:

HOLE ID

FROM

TO

Width

Au_g/t

Ag_g/t

Au_Equivalent*

DHEC160001

5.15

76.00

70.85

0.65

35.31

1.14

Including

5.15

44.8

39.65

0.79

43.86

1.39

and

60.50

76.00

15.50

0.73

38.54

1.27

*Au Equivalent calculated using a price of $1,300 US/oz for gold and $18 US/oz for silver.

Hole 1 targeted the center of the silicified vein breccia zone, consisting of grey quartz veining and permeable lithic tuff, of the La Victoria structure at a dip of -60 degrees. Two additional holes targeting this zone are currently being processed, and the results are anticipated shortly.

Rafael Gallardo, Senior Geologist of Minera Cascabel S.A. de C.V., who is leading the drill program, commented, “The results that we have received for the first drill hole are very encouraging and I look forward to the results from the other two holes designed to target this zone. The near-surface Au-Ag mineralization we have encountered is typical of epithermal low-sulphidation type deposits found in the area.”

David Coburn, CEO of Gainey, commented, “The maiden drill results on La Nueva Victoria confirm our model for sub-surface mineralization following up on our initial detailed sampling program. Further drilling along trend and at depth has the potential to see this zone expand significantly and, in addition to future drilling at La Higuerita and El Arrayan, have the potential to support the discovery of an under-explored gold-silver mineralized system.”

El Colomo Property

El Colomo is a highly prospective, 187 km2 property with district-scale gold-silver potential located within the ‘Golden Corridor’ in Sierra Madre, Mexico. High-grade and bulk tonnage targets have already been identified through prior exploration and there are strong indications of continuity between La Higuerita, La Nueva Victoria and El Arrayan (at least 2 km in strike length). Please refer to Figure 1 of this release for a map showing the extent of the El Colomo property.

97% of this 18,766-hectare project has not been explored using modern concepts & technology. All 20 mineralized zones identified to date are located in the central portion of the property and within a 1.5 km radius of each other.

Figure 1 – Full Extent of the El Colomo Property

Qualified Person

David Hladky, P. Geo. is the Qualified Person with respect to NI 43-101 at El Colomo.

La Nueva Victoria Drilling and Assay QA/QC

All drill core from this release is drilled at HQ diameter and is split into equal halves near site. All samples are assayed using standard 33 element ICP and 50 gram fire assay with atomic absorption finish by ALS in Vancouver, Canada.

QA/QC programs using internal standard samples, field and lab duplicates and blanks, indicate good accuracy and precision in a large majority of standards assayed. As the mapped mineralized corridors strike N-S, the drill holes were designed to have azimuths perpendicular or as close to perpendicular to the strike as the permitted pad would allow. As this is the first drill program by Gainey at El Colomo, the dip of the main structure is not entirely known but is believed to dip steeply to the west based on mapping and historical work, and thus the intercept is estimated to represent 50-60% of the true width. No intercept was reported that averaged less than 0.4 g/t Au and/or 10.0 g/t Ag and no intercept had more than five consecutive meters of less than 0.2 g/t Au and/or 10 g/t Ag, or began or ended with values less than 0.2 g/t Au and/or 10 g/t Ag.

About Gainey Capital Corp.

Gainey Capital is a gold and silver exploration, development and mineral processing company exploring an aggregate of 187-km2 strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The company’s processing center, located outside of Huajicori, in Nayarit, Mexico, is capable of processing up to 300 tons of mineralized material per day and the company has the capability to upgrade to 600 tons per day with a low capital expenditure. Additional information on Gainey Capital, its current operations and its vision is available on the Company’s website at www.gaineycapital.com or from info@gaineycapital.com.

ON BEHALF OF THE BOARD OF DIRECTORS

“David Coburn”
David Coburn, Chief Executive Officer

For information, please contact the Company:

Phone: 480-347-8904
E-mail: info@gaineycapital.com
Website: www.gaineycapital.com

FORWARD LOOKING STATEMENTS: This press release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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

SOURCE: Gainey Capital Corp.

ReleaseID: 446197

KALISPELL, MT / ACCESSWIRE / September 29, 2016 / Gilla Inc. (OTCQB: GLLA), a manufacturer and marketer of E-liquid for vaporizers, recently announced the signing of a brand distribution agreement with a French based owner of more than 60 E-liquid dispensing kiosks located in France.

The 60 kiosks are all part of a regulatory compliant network, and will sell the Coil Glaze and Craft Vapes brands of Gilla’s product portfolio. The products will be sold to the distributor in a bulk, zero nicotine format, at which point it will be placed into the kiosks directly in the retail locations.

The kiosks act very much like those new fountain soda machines where you can add in as much syrup as you want, except in this case it is E-Liquid for your vaporizer. Since new European regulations limit the bottle size to 10 ml, the consumer purchases an empty 100+ ml bottle and then purchases a 10 ml neutral flavored nicotine enhancer. The consumer then adds in the amount of enhancer they want (based on desired nicotine levels), they then go to the auto fill pump, choose a flavor, and fill the remainder of the bottle. A good shake is all that is needed to blend the two liquids, and off the customer goes with their own custom blended E-liquid.

It is anticipated that the kiosks will start selling Gilla product by the end of October 2016, and while the press release states that the kiosks will initially only be located in France, Graham Simmonds (CEO and Chairman of Gilla) does state “Gilla granted the Distributor one-year exclusive distribution rights for the Company’s Coil Glaze and Craft Vapes brands for this type of E-liquid dispensing machine in Europe and the UK.” This would suggest that within the next year the kiosks would also be located outside of just France, a good sign of planned expansion.

Kiosks Undergoing Resurgence in Popularity

Kiosks are an attractive way to sell product not only for their reduced cost and efficient service, but also for their ability remember the customer and create customer loyalty. According to Loyalty Guide, 90% of consumers in the US are part of a retail loyalty program. Customer loyalty is something that gradually builds up with time, usually stemming from the initial relationship with a brand. In this case, by marketing the Coil Glaze and Craft Vapes brands, Gilla is increasing awareness across their entire product portfolio.

Any number of industries are incorporating kiosks these days, for example you can’t even talk to an agent at Delta Airlines (NYSE: DAL) unless you have already visited a check-in kiosk. Kroger Co. (NYSE: KR), the largest grocery store chain in the US, opened an entirely self-checkout store in 2011. In the E-liquid space, Electronic Cigarettes International (OTCQB: ECIG) opened up their first US based “VIP” kiosk at the FlatIron Crossing Mall in Broomfield, Colorado in January.

Conclusion:

Within the last year, Gilla has managed to sign distribution agreements in The Netherlands, France, The United Kingdom, and China; won awards for it’s Coil Glaze E-liquid on multiple occasions; expanded their product portfolio to 14 brands; posted their first $1 million quarter in revenue, all while increasing gross margins to 62% in Q2 2016.

For additional information on Gilla please visit http://gilla.com/?page_id=4124

Disclaimer:

Except for the historical information presented herein, matters discussed in this release 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. Tamarack Advisors is 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 release. For making specific investment decisions, readers should seek their own advice.

SOURCE: Tamarack Advisors

ReleaseID: 446181

VANCOUVER, BC / ACCESSWIRE / September 29, 2016 / CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N), (“CanAlaska” or the “Company”) has been informed by De Beers Exploration that seven of 11 anomalies originally targeted as accessible for the summer program at the West Athabasca project were drilled, while the remaining four targets have been deferred due to high water levels. All remaining targets will be inaccessible until the winter freeze takes place.

Figure 1 Athabasca Diamond Projects

To view an enhanced version of Figure 1, please visit: http://www.accesswire.com/uploads/22784_a1475104059235_35.jpg

The condensed summer program finished without intersecting kimberlite. De Beers is still receiving and analyzing physical property data from the last hole to better understand the overburden’s physical properties, and geophysical response. All the drill core will be removed from site and transported to De Beers facility in Sudbury for further review and planning.

Figure 2 De Beers Drill Rig on Site, West Athabasca project

To view an enhanced version of Figure 2, please visit: http://www.accesswire.com/uploads/22784_a1475104060610_7.jpg

CanAlaska President Peter Dasler said: “The large number of anomalous geophysical responses, scattered across the 100 kilometre (60 mile) long zone, provides logistical challenges. This coupled with an abnormally wet fall season, has slowed the previous rapid advancement of this project. We look forward to winter freeze, so that site access becomes an easier exercise. We also look forward to the continual systematic testing of the various targets this winter.”

About the West Athabasca Diamond Project

CanAlaska and De Beers are exploring the West Athabasca Project for diamonds under a staged $20.4 million Option-Participation Agreement. The project area covers 85 kimberlite-style targets staked by CanAlaska in the northwestern Athabasca Basin of Saskatchewan. De Beers may earn an interest in the Project through a series of escalating exploration programs. For more information about the West Athabasca Diamond Project visit

http://www.canalaska.com/s/AthabascaDiamondProject.asp?ReportID=740492

About De Beers

De Beers is a member of the Anglo American Group. Established in 1888, De Beers is the world’s leading diamond company with expertise in exploration and development, mining, and marketing of diamonds. Together with its joint venture partners, De Beers employs more than 20,000 people (directly and as contractors) across the diamond pipeline, and is the world’s largest diamond producer by value, with mining operations in Botswana, Canada, Namibia and South Africa. As part of the company’s operating philosophy, the people of De Beers are committed to Living up to Diamonds by making a lasting contribution to the communities in which they live and work, and transforming natural resources into shared national wealth. For further information about the De Beers Group of Companies visit www.debeersgroup.com.

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) holds interests in approximately 500,000 hectares (1.2 million acres), one of the largest land positions in Canada’s Athabasca Basin region – the “Saudi Arabia of Uranium.” CanAlaska’s strategic holdings has attracted major international mining companies Cameco, Denison, KORES, KEPCO, and the De Beers Group of Companies. CanAlaska is a project generator and is positioned for discovery success in the world’s richest uranium district. For further information visit www.canalaska.com.

The qualified technical person for this news release is Dr Karl Schimann, P. Geo, VP Exploration, for CanAlaska.

On behalf of the Board of Directors

“Peter Dasler”
Peter Dasler, M.Sc., P.Geo.
President & CEO
CanAlaska Uranium Ltd.

Contacts:

Peter Dasler
President
Tel: +1.604.688.3211 x 138
Email: info@canalaska.com

John Gomez
Corporate Development
Tel: +1.604.484.7118
Email: jgomez@canalaska.com

Tom Ormsby
Head of External & Corporate Affairs
De Beers Canada Inc.
Email: Tom.Ormsby@debeersgroup.com
Tel: +1.403.930.0991 x 2703
Cell +1 416 525 5328

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.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

SOURCE: CanAlaska Uranium Ltd.

ReleaseID: 446224

VANCOUVER, BC / ACCESSWIRE / September 29, 2016 / Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX: PCY, OTC: PRPCF, Frankfurt: 1P2N) is pleased to announce the Company’s priority objective at the Pulacayo silver-zinc-lead district project located in southern Bolivia and close to major silver mining projects operated by Coeur Mining Inc. (San Bartolome), Pan American Silver Corp. (San Vicente) and Sumitomo Corporation (San Cristobal). All necessary permits have been obtained in 2013 to mine up to 560 tonnes of ore per day.

The objective is twofold:

Study the possibility of commissioning Pulacayo and/or Paca to production at current metal prices, part of which includes definition drilling; and

Apply modern exploration techniques to the Pulacayo district to test mineralization found during reconnaissance exploration.

In light of this objective, the company is pleased to report the following activities:

1,500 meter Definition Drilling

The program, scheduled to commence in third quarter 2016, aims to increase the confidence level and size of certain resource blocks already identified in the respective Pulacayo and Paca resource estimates disclosed according to National Instrument 43-101, Standards of Disclosure for Mineral Projects (“NI 43-101”)*.

These resource blocks are characterised by elevated grades and relatively easy access, which make them potentially suitable to be mined first should a decision be made to start mining.

Paca Deposit

Target resource block OP1: UTM coordinates N 7,750,560m to 7,750,590m, E 739,790m to 739,850m, horizontal planar near-surface block measuring approximately 60m x 30m x 25m (width, length, thickness) and the block starts approximately 10 meters below the surface.

Summary of Significant Drill Hole Intervals for OP1:

Hole ID

N             (m)

E             (m)

Az. (°)

Dip (°)

From   (m)

To       (m)

Drilled Thickness (m)

True width (m)

Ag g/t

Zn %

Pb %

PND 062

7750583

739789

180

-45

10

52

42.0

29.7

405.6

0.10

0.82

Including

25

52

27.0

19.1

574.3

0.09

1.15

Drill holes are planned that will intersect and improve drill density of block OP1.

Target resource block OP2: UTM coordinates N 7,750,180m to 7,750,220m, E 739,810m to 739,900m, near-surface block measuring approximately 90m x 40m x 35m (width, length, thickness) and the block starts approximately 30 meters below the surface.

Summary of Significant Drill Hole Intervals for OP2:

Hole ID

N             (m)

E             (m)

Az. (°)

Dip (°)

From (m)

To     (m)

Drilled Thickness (m)

True width (m)

Ag g/t

Zn %

Pb %

PND 023

7750120

739869

340

-55

125

171

46.0

37.7

323.6

1.37

1.59

Including

125

152

27.0

22.2

481.4

0.64

1.88

PND 093

7750244

739843

180

-45

107

141

34.0

22.1

323.5

1.71

1.31

Including

116

126

10.0

4.5

630.6

1.39

1.71

Drill holes are planned that will intersect and improve drill density of block OP2 Target resource block OP3: UTM coordinates N 7,750,190m to 7,750,220m, E 739,910m to 739,950m , near-surface block measuring approximately 40m x 30m x 30m (width, length, thickness) and the block starts approximately 20 meters below surface. 

Summary of Significant Drill Hole Intervals for OP3:

Hole ID

N             (m)

E             (m)

Az. (°)

Dip (°)

From (m)

To     (m)

Drilled Thickness (m)

True width (m)

Ag g/t

Zn %

Pb %

PND 092

7750236

739937

180

-45

27

59

32.0

22.6

321.8

0.25

0.83

Including

42

51

9.0

6.4

646.3

0.08

0.72

Drill holes are planned that will intersect and improve drill density of block OP3. 

Target resource block OP4: UTM coordinates N 7,750,720m to 7,750,780m, E 739,990m to 740,010m , near-surface block measuring approximately 20m x 60m x 10m (width, length, thickness) and the block starts approximately 5 meters below surface. 

Summary of Significant Drill Hole Intervals for OP4: 

Hole ID

N             (m)

E             (m)

Az. (°)

Dip (°)

From (m)

To      (m)

Drilled Thickness (m)

True width (m)

Ag g/t

Zn %

Pb %

PND 029

7750752

740007

145

-45

12

22.25

10.3

7.3

436.1

0.03

0.04

Including

12

16

4.0

2.8

1029.0

0.02

0.06

Drill holes are planned that will intersect and improve drill density of block OP4.

Pulacayo Deposit

Target resource block UG1: UTM coordinates N 7,744,590m to 7,744,650m, E 740,060m to 740,110m, underground block starts 50 meters beneath the San Leon tunnel level, approximately 500 meters east from the central shaft, measuring approximately 50m x 60m x 85m (width, height, thickness).

Summary of Significant Drill Hole Intervals for UG1:

Hole ID

N             (m)

E             (m)

Az. (°)

Dip (°)

From (m)

To     (m)

Drilled Thickness (m)

True width (m)

Ag g/t

Zn %

Pb %

PUD 109

7744436

740095

0

-45

243

310

67.0

49.8

413.4

2

1.21

Including

282

307

25.0

18.6

1,030.9

1.67

2.02

PUD 069

7744436

740094

0

-50

276

306

30.0

20.5

413.9

3.59

1.2

PUD 045

7744436

740094

0

-53

277

315

38.0

23.9

402.9

3.58

0.86

Including

283

292

9.0

5.7

647.0

6.77

1.26

Drill holes are planned that will intersect and improve drill density of block UG1.

Target resource block UG2: UTM coordinates N 7,744,610m to 7,744,650m, E 740,350m to 740,400m, underground block starts 90 meters beneath the San Leon tunnel level, approximately 125 meters east from the central shaft, measuring approximately 50m x 40m x 30m (width, height, thickness).

Summary of Significant Drill Hole Intervals for UG2:

Hole ID

N             (m)

E             (m)

Az. (°)

Dip (°)

From (m)

To     (m)

Drilled Thickness (m)

True width (m)

Ag g/t

Zn %

Pb %

PUD 118

7744489

740406

345

-32

158

190.6

32.6

27.6

445.4

1.32

0.82

Including

174

175

1.0

0.9

10,000.0

15.55

4.55

PUD 138

7744490

740407

338

-30

142.1

157

14.9

12.3

352.1

2.82

1.29

Including

156

157

1.0

0.8

2,030.0

5.68

1.06

Drill holes are planned that will intersect and improve drill density of block UG2.

Target resource block UG3: UTM coordinates N 7,744,560m to 7,744,620m, E 740190m to 740,260m, underground block starts 90 meters beneath the San Leon tunnel, approximately 350 meters east from the central shaft, measuring approximately 70m x 60m x 15m (width, height, thickness).

Summary of Significant Drill Hole Intervals for UG3:

Hole ID

N             (m)

E             (m)

Az. (°)

Dip (°)

From (m)

To     (m)

Drilled Thickness (m)

True width (m)

Ag g/t

Zn %

Pb %

PUD 051

7744426

740200

0

-57

326

341

15.0

12.6

543.2

1.58

1.35

PUD 092

7744426

740200

0

-59

285.6

297.7

12.1

10.5

355.4

2.29

0.98

PUD 046

7744450

740200

0

-56

289

298

9.0

7.5

485.0

2.93

3.17

Drill holes are planned that will intersect and improve drill density of block UG3.

The definition drilling program lowers project risk by improving confidence level in the resources and may reassure concentrate off-takers and financiers of the reliability of their internally prepared production and revenue forecasts. 

Proposed drill hole location maps (both plain and cross section for Paca surface drilling and Pulacayo underground drilling) are available at: www.prophecydev.com

District-wide Three Dimensional Induced Polarisation Program (3D IP)

Concurrent with the definition drilling, the Company is initiating a district-wide close-spaced 3D IP geophysical survey program that will use a pole-dipole configuration.  Data interpretation will take advantage of the functionality offered by 3D inversion techniques (resistivity and chargeability) that has been successfully used at Pulacayo before.  The results are expected in approximately 3 months.

The 3D IP surveys will be carried out in the high priority areas of Paca North, Pero and Pacamayo where surface mapping and sampling have identified significant surface anomalies.

Summarized Highlights of Target 3D IP Survey Areas:

Target
Area

Number of
Samples

Anomalies
Identified

Sampling
Method

Sampling Program Highlights

Surface Area of
Sampling

Sample

Ag (g/t)

Zn (%)

Pb (%)

Cu (%)

Sb (%)

Paca
North

21

Silver, Lead

Chip Channel
Sampling,
Surface

PC-002

PC-011

226

833

0.08

0.03

2.16

0.03

—

—

—

—

100m X 30m

Pero

165

Silver,
Lead,
Antimony

Chip Channel
Sampling,
Surface

PR-163

PR-067

27

118

0.04

0.08

3.65

2.13

—

—

0.65

0.22

200m x 100m

Pacamayo

125

Silver, Zinc,
Lead,
Copper,
Antimony

Chip Channel
Sampling, 76
Underground
Samples, 49
Surface
Samples

MPU-77

MPU-69

> 1500

> 1500

6.96

2.4

17.56

2.29

3.10

1.97

2.49

1.79

150m x 10m
Underground, 200m x 200m Surface

Descriptive statistics of the samples submitted to the laboratory:

Paca North

 

Ag g/t

Zn %

Pb %

Cu %

Sb %

Ag eq. g/t

Sb eq. %

Number of samples submitted to the lab

14

 
 
 
 
 
 
 

Mean

 

203.3

0.05

0.86

–

–

234.6

–

Max

 

833

0.10

2.22

–

–

835.3

–

Min

 

45.8

0.02

0.03

–

–

53.5

–

Pero

 

Ag g/t

Zn %

Pb %

Cu %

Sb %

Ag eq. g/t

Sb eq. %

Number of samples submitted to the lab

25

 
 
 
 
 
 
 

Mean

 

26.3

1.23

0.01

–

0.26

106.5

0.76

Max

 

118.0

4.32

0.08

–

0.65

251.0

1.79

Min

 

4.5

0.28

0

–

0.01

41.9

0.30

Pacamayo

 

Ag g/t

Zn %

Pb %

Cu %

Sb %

Ag eq. g/t

Sb eq. %

Number of samples submitted to the lab

9

 
 
 
 
 
 
 

Mean

 

678.5

1.40

2.39

1.16

1.12

1083.6

–

Max

 

1501.0

6.96

17.56

3.10

2.49

3014.7

–

Min

 

18.2

0.02

0.01

0.01

0.01

31.1

–

Many areas of the Pulacayo project are now found to contain important concentrations of silver, zinc, lead, gold, copper, antimony and indium at surface outcrops. 

Planned IP Program Details

Exploration Area

Total Length (km)

Number of IP Lines

Line Spacing (m)

Paca North

7

7

100

Pero

7

7

100

Pacamayo

6

6

100

A wide-spaced IP program was performed at Pulacayo by Apogee Minerals Ltd. in 2008. Twelve lines were laid out at a 400 meter interval (total 29km) in the Paca, Pero, and Pacamayo areas located in the north and east of the Tajo vein system found in the Pulacayo district.

A detailed presentation about the exploration and maps showing prior sample location and assay results and proposed IP line locations are available on Prophecy’s website.

The results from the detailed 3D IP surveys, the assay results of recent surface and underground sampling, and the prior IP results will be used to identify the most prospective drilling targets. The objective of the 3D IP surveys followed by drilling is to assess the potential of the Pulacayo district for near-surface mineralization.

Update on Other Work

As reported in the news release dated June 16, 2016, Prophecy continued its discussions with concentrate off-takers based on the results of the 2013 Pulacayo trial mining and has received updated concentrate off-take term sheets, possibly reflecting the potential tightening of future zinc-silver and lead-silver concentrate supplies. Some off-takers have prepared their own production and revenue forecasts related to the Pulacayo project based on geological, technical and economic information provided by Prophecy. Prophecy has also received an improved term sheet from a custom milling and processing facility in Potosi, approximately 180km from the Pulacayo project and that is connected by a recently paved highway which is in excellent condition.

The Company continues its study of optimal mining production and processing scenarios and intends to announce a production decision at the conclusion of the study in conjunction with a financing plan should a positive production decision be reached. A positive production decision would not be based on a feasibility study of mineral reserves demonstrating economic and technical viability so would carry increased uncertainty and the risk of failure as to the mining method and profitability.

Qualified Persons

The technical content of this news release and the presentation and maps referred to in this news release were reviewed and approved by Christopher M. Kravits, CPG, LPG, who is a Qualified Person within the meaning of NI 43-101. Mr. Kravits is a consultant to the Company and serves as its Qualified Person and General Mining Manager.

*Paca Mineral Resource Statement – Effective September 9, 2015

 

Ag Eq. Cut-Off (g/t)

Category

Tonnes**

Ag (g/t)

Zn (%)

Pb (%)

Ag Eq. (g/t)

200

Inferred

2,540,000

256

1.10

1.03

342

300***

Inferred

1,260,000

363

0.98

1.02

444

400

Inferred

650,000

462

0.90

1.00

538

500

Inferred

330,000

558

0.79

1.04

631

**Tonnes are rounded to nearest 10,000
***Base case resources are those reported at the 300 g/t Ag Eq. cut-off

Inferred resources do not have demonstrated economic viability, are speculative, and are not to be relied upon.

The mineral resource estimate was prepared by Mercator Geological Services Limited (“Mercator”) under the supervision of Michael Cullen, P.Geo., who is an independent Qualified Person as set out in NI 43-101. The Paca mineralization starts from surface, with approximately 95% of the resource existing at the cut-off value of 300 g/t Ag Eq. occurring within 100 metres of surface (refer to the Company’s news release dated September 21, 2015).

*Pulacayo Mineral Resource Statement – Effective June 16, 2015

Ag Eq. Cut-Off (g/t)

Category

Tonnes**

Ag (g/t)

Pb (%)

Zn (%)

Ag Eq. (g/t)

400

Indicated

2,080,000

455

2.18

3.19

594

Inferred

480,000

406

2.08

3.93

572

500***

Indicated

1,270,000

530

2.51

3.63

688

Inferred

350,000

419

2.47

4.58

620

600

Indicated

750,000

608

2.91

4.02

785

Inferred

170,000

394

3.49

6.75

710

 
 
 
 
 
 
 

**Tonnes are rounded to the nearest 10,000
***Base case resources are those reported at the 500 g/t Ag Eq. cut-off

The mineral resource estimate was prepared by Mercator under the supervision of Michael Cullen, P.Geo., who is an independent Qualified Person as set out in NI 43-101. (refer to the Company’s news release dated June 18, 2015).

About Prophecy
Prophecy Development Corp. is a Canadian public company listed on the Toronto Stock Exchange that is engaged in developing mining and energy projects in Mongolia, Bolivia and Canada. Further information on Prophecy can be found at www.prophecydev.com.

PROPHECY DEVELOPMENT CORP.
ON BEHALF OF THE BOARD

“JOHN LEE”

Executive Chairman

For more information about Prophecy, please contact Investor Relations:
+1.888.513.6286
ir@prophecydev.com
www.prophecydev.com

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

Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management’s expectations regarding Prophecy’s future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These estimates and assumptions are inherently subject to significant business, economic, competitive and other uncertainties and contingencies, many of which, with respect to future events, are subject to change and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by Prophecy. In making forward-looking statements as may be included in this news release, Prophecy has made several assumptions that it believes are appropriate, including, but not limited to assumptions that: there being no significant disruptions affecting operations, such as due to labour disruptions; currency exchange rates being approximately consistent with current levels; certain price assumptions for coal, prices for and availability of fuel, parts and equipment and other key supplies remain consistent with current levels; production forecasts meeting expectations; the accuracy of Prophecy’s current mineral resource estimates; labour and materials costs increasing on a basis consistent with Prophecy’s current expectations; and that any additional required financing will be available on reasonable terms. Prophecy cannot assure you that any of these assumptions will prove to be correct.

Numerous factors could cause Prophecy’s actual results to differ materially from those expressed or implied in the forward-looking statements, including the following risks and uncertainties, which are discussed in greater detail under the heading “Risk Factors” in Prophecy’s most recent Management Discussion and Analysis and Annual Information Form as filed on SEDAR and posted on Prophecy’s website: Prophecy’s history of net losses and lack of foreseeable cash flow; exploration, development and production risks, including risks related to the development of Prophecy’s mineral properties; Prophecy not having a history of profitable mineral production; the uncertainty of mineral resource and mineral reserve estimates; the capital and operating costs required to bring Prophecy’s projects into production and the resulting economic returns from its projects; foreign operations and political conditions, including the legal and political risks of operating in Bolivia, which is a developing jurisdiction; amendments to local Bolivian laws which may have an adverse impact on the Company’s operations; title to Prophecy’s mineral properties; environmental risks; the competitive nature of the mining business; lack of infrastructure; Prophecy’s reliance on key personnel; uninsured risks; commodity price fluctuations; reliance on contractors; Prophecy’s need for substantial additional funding and the risk of not securing such funding on reasonable terms or at all; foreign exchange risks; anti-corruption legislation; recent global financial conditions; the payment of dividends; and conflicts of interest.

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

SOURCE: Prophecy Development Corp.

ReleaseID: 446217