Monthly Archives: March 2015

Petrox Resources Announces Extension to the Expiry Date for Proposed Amalgamation

CALGARY, AB / ACCESSWIRE / March 31, 2015 / Petrox Resources Corp. (TSXV: PTC) (“Petrox“) is pleased to announce that the Amalgamation Agreement providing for the proposed amalgamation transaction between the Corporation and Shanghai Sinooil Energy Holding Corporation (“Shanghai Energy“), which was to have expired on March 31, 2015, has been extended to expire on August 31, 2015, with a proposed closing date of June 30, 2015.

Pursuant to the Amalgamation Agreement, it is proposed that Petrox will amalgamate with Shanghai Energy Corporation, the wholly-owned Alberta subsidiary of Shanghai Energy, to form a new Alberta corporation (“Amalco“) and all holders of common shares of Petrox (“Petrox Shares“) will receive $0.30 for each Petrox Share held by them.

The respective obligations of Petrox and Shanghai Energy to complete the Amalgamation contemplated by the Amalgamation Agreement are subject to a number of conditions which must be satisfied or waived in order for the Amalgamation to become effective, including the receipt by Shanghai Energy of financing required to pay the purchase price for the securities, the receipt of all required shareholder, regulatory and third party consents, including the approval from the TSX Venture Exchange to delist the shares of Petrox, that not more than 10% of the issued and outstanding Petrox Shares shall have exercised rights of dissent in relation to the Amalgamation and satisfaction of other customary closing conditions. The Amalgamation cannot close until the required conditions are either satisfied or waived. There can be no assurance that the Amalgamation will be completed as proposed or at all, or that the implementation of the Amalgamation will not be delayed. Shareholder approval for the Amalgamation was obtained at the meeting of the shareholders of Petrox on December 17, 2015.

After completion of the Amalgamation, Petrox will apply to delist the Petrox Shares from the TSX Venture Exchange and to have Petrox removed as a reporting issuer in each jurisdiction of Canada where it currently has reporting issuer status.

About Petrox

Petrox is a public Canadian junior oil and gas company engaged in the exploration and development of oil and natural gas resources in the Western Canadian Basin. Petrox has assembled approximately 32 sections of 100% working interest lands in the emerging Viking light oil play in the Halkirk and Battle areas of central Alberta. Petrox also has a production property in Fletwode, Saskatchewan that produces approximately 40 boe/d.

About Shanghai Energy

Shanghai Sinooil Energy Holding Corporation is a wholly owned subsidiary of China Energy Reserve and Chemicals Group of China. It is a vertically integrated natural gas company with a number of subsidiaries throughout China. Shanghai Energy’s businesses include operating two natural gas transportation companies with over 500 specialized transport vehicles for transporting both CNG & LNG, the construction of natural gas pipeline networks, and it is involved in the field of shale gas exploration and development. The company is also involved in the trading of fuel, lubricants, liquefied petroleum gas, liquefied natural gas and other oil and gas products in both domestic and international markets.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Petrox Resources Corp.
Edwin Tam, President and CEO, or Alan Chan, CFO
Telephone: (403) 270 – 2290 or (403) 237 – 8330
Facsimile: (403) 228 – 3013
Website: www.petroxresources.ca

Reader Advisory

Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the completion of the conditions precedent to entering into of the Amalgamation documents and the completion of the Amalgamation (including receipt of required approvals), the timing and entering into of Amalgamation documents for the Amalgamation and the timing of the completion of the Amalgamation. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in the prices of oil and natural gas; governmental regulation of the oil and gas industry, including environmental regulation; unanticipated operating events or performance which can reduce production or cause production to be shut in or delayed; failure to obtain industry partner and other third party consents and approvals, if and when required; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for oil and natural gas; liabilities inherent in oil and natural gas operations; competition for, among other things, capital, acquisitions of reserves, undeveloped lands, skilled personnel and supplies; geological, technical, drilling, processing and transportation problems; changes in tax laws and incentive programs relating to the oil and gas industry; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

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

 

SOURCE: Petrox Resources Corp. 

ReleaseID: 427402

Canadian Bioceutical Subsidiary Launches New Marketing Initiative in the United States

TORONTO, ON / ACCESSWIRE / March 31, 2015 / CGX Life Sciences Inc., (“CGX”) a wholly owned subsidiary of the Canadian Bioceutical Corporation (TSX Venture: BCC) has announced a new marketing plan for its nutraceutical products intended to more aggressively expand its U.S. sales.

The new initiative includes a non-exclusive agency agreement with a well-established, independent network of medical sales representatives who will present CGX’s products to medical practitioners and other healthcare institutions throughout the U.S. CGX currently markets CinG-X, a patented product which aids in balancing blood glucose (www.cingx.com) as well as several other nutraceuticals fully described on its new website www.cgxlifesciences.com. CGX has entered into an agreement with ProviderMax, an independent medical representative firm based in Tampa, Florida. 

ProviderMax’s principal, Eric Karukin states that “Our firm presently consists of 30 independent medical representatives and we expect to increase this number substantially in the very near future. Our focus is selling to doctors and the medical community and we have been looking for other products to market. I was introduced to CinG-X about 1 year ago and really loved this product. We are very pleased that CGX will be expanding their product line and we will commence our marketing efforts of these products in about 10 days.” 

New marketing materials are being developed by CGX along with its new website www.cgxlifesciences.com. New products announcements will be forthcoming and CGX will be introducing new CBD oil products to the US market. 

Distribution will be managed through CGX’s existing contract facility in Van Nuys, California and CGX will also continue its on-line direct marketing efforts.

CGX’s Chief Marketing Officer, Michael Arnkvarn states, “We believe that there is great market potential by selling indirectly through health care practitioner’s both through traditional or alternative health channels. A strong team of knowedeable representatives is necessary to accomplish this goal and we believe that with ProviderMax, we have all the elements in place to achieve our goals. We are definitely excited about adding new products to our line and we intend add to our line-up in the near future.”

About The Canadian Bioceutical Corporation

BCC, formerly Allegiance Equity Corporation, is an Ontario corporation that, for over two decades has been developing unique standardized mass-market nutraceutical products for the treatment of common ailments where present pharmaceutical treatments and over-the-counter products fail to meet the needs of patients. BCC has targeted markets having clearly identified product deficiencies and dissatisfied consumers afflicted with a variety of medical conditions. BCC obtains regulatory approval and patents for these unique compounds and formulations and may produce and distribute or license its products for royalty revenues.

BCC’s principal brands are CinG-X(TM) and Relieva(TM) and the company, through its subsidiary BioCannabis Products Ltd. and, subsequent to receiving its MMPR license from Health Canada and the potential revision of these regulations, BioCannabis will be launching a series of new cannabis-based branded medicinal products to address this rapidly-evolving market.

Additional details in relation to BCC’s plan to enter into the medical marijuana sector may be found in the company’s two News Releases of January 7, 2015.

CSA Investor Caution 

Investors should be aware that companies cannot legally conduct a medical marijuana business without a license from Health Canada and that there is significant time and cost required to obtain such a license. As a publicly-traded company publicizing its intention to enter the medical marijuana industry, BCC urges potential investors in any company in this sector, to become familiar with the required resources and the related risks, costs implications and time required before a company will be able to begin licensed operations. There is no assurance that any company announcing its intent to enter the medical marijuana industry will be successful in obtaining a license or in creating shareholder value.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, the Transaction and BCC’s objectives and intentions. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; delay or failure to receive board, shareholder or regulatory approvals; those additional risks set out in BCC’s public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although BCC believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, BCC disclaims any intention or obligation to update or revise any forward-looking statement, 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 Exchange) accepts responsibility of the adequacy or accuracy of this release.

For further information please contact:

Scott Boyes, President and CEO 
scott@canadianbioceutical.com
(416) 840-4703

SOURCE: Canadian Bioceutical Corporation

ReleaseID: 427401

Viscount Engages Torrey Hills Capital

VANCOUVER, BC / ACCESSWIRE / March 31, 2015 / Viscount Mining Corp. (TSX-V: VML) (“Viscount” or “the Company”), a mineral resource exploration company with a portfolio of past producing gold and silver mines and exploration properties in the Western United States, is pleased to announce that it has engaged San Diego Torrey Hills Capital, Inc. (“Torrey Hills Capital”), a Rancho Santa Fe, California based investor relations firm, to provide market awareness and investor relations services to the Company, subject to TSX Venture Exchange acceptance.

Torrey Hills Capital is a leading investor and financial public relations firm specializing in small and micro-cap companies. Torrey Hills Capital will increase awareness about Viscount through its established relationships with investment professionals, investment advisors, and money managers focused on the microcap market space. This will allow the Company to build and maintain an informed investor audience in both the U.S. and Canadian marketplaces.

Torrey Hills Capital has been engaged for an initial term of six months at a monthly fee of US $4,000, which may be renewed at the Company’s discretion. In addition, Viscount has agreed to a one-time grant of 200,000 incentive stock options exercisable at a price of $0.22 per share for a period of three years. Such options will vest in four equal quarterly tranches over a period of 12 months from the date of grant and shall be subject to the terms of the Company’s stock option plan and the policies of the TSX Venture Exchange.

Torrey Hills Capital currently has no direct or indirect interest in the securities of Viscount, or any right or intent to acquire such an interest except pursuant to the exercise of the above referenced Options.

The appointment of Torrey Hills Capital as an investor relations consultant of Viscount and the granting of the Options remain subject to regulatory acceptance of applicable filings with the TSX Venture Exchange.

About Torrey Hills Capital

Torrey Hills Capital was formed in 1998 and is headquartered in Rancho Santa Fe, California. The team of professionals offers experience and expertise in investor relations, corporate communications, non-deal road shows, and market support activities. Torrey Hills Capital specializes in the development and marketing of emerging growth companies which trade in the United States (NYSE, AMEX, and OTC) and in Canada (TSX, TSX-V, and CSE). Marketing activities articulate key investment attributes, strategic direction, and financial expectations, which combine to ensure that client market value fully reflects past achievements and future opportunities. Further information is available at www.torreyhillscapital.com

About Viscount Mining (TSX-V: VML)

Viscount Mining is an exploration company with a portfolio of properties in the Western United States including holdings in Nevada comprising more than 9,000 acres, all 100% owned, including more than 20 past producing silver and gold mines. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past producing mineral districts of Silver Cliff and Rosita Hills.

For additional information regarding the above noted property and other corporate information, please visit the Company’s website at www.viscountmining.com

ON BEHALF OF THE BOARD OF DIRECTORS

Jim MacKenzie,
President, CEO and Director

For further information, please contact:

Viscount Investor Relations
Phone: 604-960-0535
Email: info@viscountmining.com

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 Statements

This news release contains certain statements that may be deemed “forward-looking statements” under applicable securities legislation. All statements in this release, other than statements of historical fact, that address events or developments that Viscount expects to occur, are 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”, “indicate” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Forward-looking statements in this news release include statements regarding the Agreement with Summit, completion of the transaction pursuant to the Agreement and timing for closing of the Agreement and the receipt of required approvals. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, the risks that the transaction as described in the Agreement may not be completed for any reason whatsoever, including that the shareholder, court and/or regulators may not approve the transaction and the parties may be unable to realize on the anticipated benefits of the transaction. Although Viscount 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. In addition to other factors and assumptions which may be identified in this news release, assumptions have been made regarding and are implicit in, among other things, the timely receipt of any required regulatory approvals (including court and shareholder approvals). Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which have been used. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Viscount and described in the forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and Viscount undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward looking statements contained in this press release are expressly qualified by this cautionary statement.


SOURCE:
Viscount Mining Corp. 

ReleaseID: 427399

Blonder Tongue Reports Year End and Fourth Quarter 2014 Results

OLD BRIDGE, NJ / ACCESSWIRE / March 31, 2015 / Blonder Tongue Laboratories, Inc. (NYSE MKT: BDR) announced its sales and results for the twelve months and fourth quarter ended December 31, 2014.

Net sales increased $1,259,000 or 4.5% to $29,129,000 for the year ended December 31, 2014 from $27,870,000 for the comparable period in 2013. Net loss for the year was $(902,000) or $(0.14) per share in 2014, compared to $(2,822,000) or $(0.45) per share for the year ended December 31, 2013.

Net sales decreased $1,118,000 or 15.6% to $6,064,000 for the fourth quarter of 2014 from $7,182,000 for the comparable period in 2013. Net loss for the three months ended December 31, 2014 was $(672,000) or $(0.11) per share in 2014, compared to $(992,000) or $(0.16) per share for the comparable period in 2013.

The net sales increase for the year is primarily attributed to an increase in sales of digital video headend products, analog video headend products and test equipment products offset by a decrease in sales of contract manufactured products. Sales of digital video headend products were $14,310,000 and $12,930,000, sales of analog video headend products were $7,829,000 and $5,818,000, sales of test equipment products were $452,000 and $58,000 and sales of contract manufactured products were $344,000 and $3,465,000 in 2014 and 2013, respectively.

The reduction in the net loss year over year is primarily attributed to an increase in sales and an increase in gross margin due to a more favorable product mix.

Commenting on the year end, President Robert J. Palle, Jr. noted, “We are pleased that we were able to increase sales for the year, but we were disappointed that we were not able to sustain the increased sales trend from the second and third quarters into the fourth quarter. Fourth quarter results, while showing an improved bottom line compared to the prior year, were not in line with our expectations or the trends from the prior two quarters and as a result, the full year did not end as well as we had anticipated. Early indications for the first quarter suggest continuing sluggishness in net sales; however, we have made steady progress in CATV MSO penetration, secured approvals for our encoder products by the two largest satellite service providers, and have secured a new client for contract manufactured products, all of which successes should benefit the Company in the second half of 2015.”

Conference Call Reminder

Details of the live teleconference and webcast are as follows:
Date: Monday, April 6, 2015
Time: 11:00 a.m. Eastern Time (10:00 a.m. CT, 8:00 a.m. PT)
Investor Dial-in (US & Canada Toll-Free): 877-407-8033
Live Webcast: http://www.investorcalendar.com/IC/CEPage.asp?ID=173790

The webcast replay can be accessed until July 16, 2015. The webcast link will be available under Investor Related Information on the Blonder Tongue Investor Relations webpage.

About Blonder Tongue

Blonder Tongue Laboratories, Inc. together with R. L. Drake Holdings, LLC – its wholly owned subsidiary – offer customers more than 130 years of combined engineering and manufacturing excellence with solid histories of delivering reliable, quality products. As a leader in the field of cable television communications, the Company provides system operators and integrators serving the cable, broadcast, satellite, IPTV, institutional and professional video markets with comprehensive solutions for the provision of content contribution, distribution and video delivery to homes and businesses. The Company designs, manufactures, sells and supports an equipment portfolio of standard and high definition digital video solutions, as well as core analog video and high speed data solutions for distribution over coax, fiber and IP networks. Additional information on the Company and its products can be found at www.blondertongue.com, and www.rldrake.com.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: The information set forth above includes “forward-looking” statements and accordingly, the cautionary statements contained in Blonder Tongue’s Annual Report and Form 10-K for the year ended December 31, 2014 (See Item 1: Business, Item 1A: Risk Factors, Item 3: Legal Proceedings and Item 7: Management’s Discussion and Analysis of Financial Condition and Results of Operations), and other filings with the Securities and Exchange Commission are incorporated herein by reference. The words “believe”, “expect”, “anticipate”, “project”, “target”, “intend”, “plan”, “seek”, “estimate”, “endeavor”, “should”, “could”, “may”, and similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to projections for our future financial performance, our anticipated growth trends in our business and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s analysis only as of the date hereof. Blonder Tongue undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Blonder Tongue’s actual results may differ from the anticipated results or other expectations expressed in Blonder Tongue’s “forward-looking” statements.

Contacts

Eric Skolnik
Chief Financial Officer
eskolnik@blondertongue.com
(732) 679-4000

Robert J. Palle, Jr.
President
bpalle@blondertongue.com
(732) 679-4000

 

SOURCE: Blonder Tongue Laboratories, Inc.

ReleaseID: 427396

Canamex Files 43-101 Technical Report for the Bruner Gold Project, Nevada

VANCOUVER, BC / ACCESSWIRE / March 31, 2015 / Canamex Resources Corp. (CSQ: TSX-V) (“Canamex” or “the Company”) is pleased to announce it has filed on SEDAR its initial National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) resource estimate for the Bruner Gold Project, located in Nye County, Nevada, USA entitled “Technical Report and Resource Estimate for the Bruner Gold Project, Nye County, Nevada”, with an effective date of February 27, 2015 (the “Report”).

There is no material difference between the results announced in the Company’s March 12, 2015 news release and results contained in the Report. The Report has also been posted on the Company’s website.

Highlights of the NI 43-101 Report include:

  • – Indicated mineral resources total 239,000 ounces of gold contained in 10,300,000 tonnes at an average grade of 0.72 gpt gold and inferred mineral resources total 61,000 ounces of gold contained in 2,450,000 tonnes at an average grade of 0.77 gpt gold at the HRA, Penelas, and Paymaster resource areas.

    – Mineralization is open in multiple directions at all three resource areas.

    – The resource numbers presented are constrained by open pit shells and assumes heap leach extraction using the following cost parameters:

    • Mining Cost: US$2.40/tonne

    • Processing and G&A Cost: US$4.67/tonne

    • Pit Slopes 50 degrees

    • Gold extraction of 90% and silver extraction of 10% based on column leach tests

The Report recommends the following exploration and pre-development work to advance the project and expand the resources:

Drilling

The Paymaster resource area remains open in at least three directions, although the apparent structural controls appear to suggest a dominantly north-south alignment to the core of the mineralized zone. A total of 1,500 meters of additional drilling is recommended to pursue these open extensions, comprised of a mixture of core and RC drilling. All drill holes should be roughly 100 meters in length for a total of nominally 15 drill holes.

Drilling at the HRA resource area in 2014 demonstrated the close spatial relationship between the structurally controlled, silica-adularia alteration spires and high-grade gold mineralization, which appears to have accumulated beneath and along the perimeter of the silica-adularia spires. Many of these spires remain un-drilled. A total of 3,500 meters of drilling is recommended to test beneath these spires, particularly the large untested spire to the northwest of the resource reported for the HRA area. All drill holes should be roughly 150 meters in length, for a total of nominally 23 drill holes.

At the Penelas resource area there is a 200-meter gap in the drill hole data base within the constraining pit at the Penelas Resource Area that separates portions of the resource. Drilling within this gap is highly recommended to test for continuation of the resource between these portions of the resource. In addition, the northern and southern ends of the resource remain open along strike and need additional drilling. A total of 5,000 meters of drilling in 22 drill holes is recommended to test the data gap and the open extensions to the resource area.

Pre-Development

Commissioning of a Preliminary Economic Assessment on the maiden resource is recommended to establish economic parameters for development of the initial resource areas. Continued metallurgical testing of drill samples from all three resources is recommended to further quantify metallurgical behavior of the resource areas. Commencement of baseline environmental studies and continuation of basic engineering and waste rock characterization is recommended in order to establish downstream environmental permitting constraints associated with the future possible development of the resources outlined in the Report.

William F. Tanaka, Independent Mineral Consultant, FAusIMM, has prepared the Mineral Resource Estimate for the Bruner Project, is the sole author of the Report, and is independent of Canamex for purposes of NI 43-101. Mr. Tanaka is the Qualified Person pursuant to NI 43-101 responsible for, and has reviewed and approved, the technical information contained in this news release.

ON BEHALF OF THE BOARD

SIGNED: “Mark Billings

Mark Billings, Chairman and CEO

Contact: (514) 296-1641

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.

Forward-Looking Statements:

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the mineral resource estimate on the Bruner property; the potential mineralization and geological merits of the Bruner property; the potential to expand the mineral resource estimate; plans for additional drilling and exploration programs in 2015; and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the risk that actual results of planned exploration activities on the Bruner property will not be consistent with the Company’s expectations; the uncertainty of the geology, grade and continuity of mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company’s future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the Bruner property are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions which the Company believes are reasonable, including the key assumptions and parameters on which the mineral resource estimate is based, and that the Company’s 2015 exploration programs will proceed as planned and within budget. 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, except as otherwise required by applicable securities legislation.

Cautionary notes:

Mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account fully for minability, selectivity, mining loss and dilution. Establishing mineral reserves, economic viability and feasibility involves comprehensive exploration, geological analysis, and interpretation and engineering, among other things, which have not yet been completed by the Company.

The mineral resource estimates referenced in this press release use the terms indicated and inferred mineral resources. While these terms are defined in and required by Canadian regulations (under NI 43-101), these terms are not recognized by the U.S. Securities and Exchange Commission (SEC). Normally, the SEC only permits issuers to report material which does not constitute SEC Industry Guide 7-compliant reserves as mineralization. Under Guide 7 mineralization is not permitted to be classified as proven or probable reserves until a final or bankable feasibility study has been conducted and all necessary permits, including environmental permits, are in hand (or their issuance is imminent). U.S. investors are cautioned not to assume that any part or all of mineral resources in the reported categories will ever be converted into reserves. Canamex is not an SEC-registered company.

We seek Safe Harbor.

 

SOURCE: Canamex Resources Corp. 

ReleaseID: 427397

Roughrider Completes Winter Fieldwork Program at Jurgen 1 and Jurgen 2

Jurgen 1 and Jurgen 2 Winter Fieldwork Complete

VANCOUVER, BC / ACCESSWIRE / March 31, 2015 / Roughrider Exploration Limited (TSX-V: REL) (“Roughrider”) – is pleased to announce that its winter drill targeting program at the Jurgen 1 and Jurgen 2 areas, located in the western portion of the Genesis property on Wellbelove Bay of Wollaston Lake, eastern Athabasca was successfully completed yesterday, March 30, 2015.

At Jurgen 1 the exploration work just completed included the collection of 249 biogeochemical samples (black spruce) and 32.0 line kilometres of ground magnetic and VLF EM (Very Low Frequency Electromagnetic) geophysical surveying. At Jurgen 2 roughly three kilometres to the east, crews collected 296 biogeochemical samples and completed 37.2 line kilometers of VLF and magnetic geophysical surveying. During the 2014 summer exploration program, preliminary enzyme leach soil grids investigating prominent DIGHEM EM conductors at Jurgen 1 and Jurgen 2 returned anomalous uranium values above the 99th percentile coincident to the targeted conductors (previously reported – see news release dated December 1, 2014).

The 2015 work included the collection of an additional 49 biogeochemical samples from the Sava Lake conductor located 23 kilometres to the east of the Jurgen area. The Sava Lake target was highlighted by biogeochemical results anomalous in uranium and associated trace elements from a small preliminary biogeochemical sample program completed during Roughrider’s 2014 summer work program (see news release dated October 21, 2014).

Scott Gibson, Roughrider’s CEO commented, “This recent work program provides us with additional data that will be very helpful in establishing drill targets at Jurgen 1 and Jurgen 2. The ground geophysical surveying has provided increased definition of the Jurgen conductors. The goal of the biogeochemistry results is to provide a detailed understanding of the geochemical signatures characterizing these targets and guide the layout of a proposed summer drill program.”

The ground grids for the Genesis 2015 winter program were designed to follow-up on anomalous 2014 geochemical values coincident to EM conductors at Jurgen 1 and Jurgen 2. A total of 594 black spruce bough biogeochemical samples were collected during the winter program. Sampling was undertaken at 200 metre line spacings with 100 metre line spacings bordering the anomalous 2014 soil values. Samples were collected at 50 metre intervals, increasing to 25 metre intervals directly over the conductor. A total of 69.2 line kilometres of Mag/VLF-EM surveying were completed. The surveying was undertaken at 100 meter line spacings with 50 meter line spacings flanking the anomalous 2014 soil values. SJ Geophysics Ltd. from Delta, BC, conducted the geophysical surveying using GEM GSM-19 Overhauser Magnetometer/ VLF units.

The Jurgen 1 and 2 uranium targets are located at the far eastern end of the Collins Bay – Eagle Point lithostructural corridor where graphitic pelite, arkose, and calc-silicate rocks are cross-cut by several north-trending Tabbernor faults. Attention was drawn to the area by lake sediment samples anomalous in uranium and a series of linear NE trending airborne EM geophysical conductors assumed to represent graphitic horizons in pelitic rocks. The anomalous geochemistry targeted occurs on land and would be amenable to either winter or summer drilling.

About Roughrider Exploration

Roughrider’s focus is exploring the 200,677 hectare (495,883 acre) Genesis uranium project located in the Wollaston-Mudjatik geological trend extending northeast from Saskatchewan’s Athabasca Basin. Roughrider can earn an 85% interest in Genesis from Kivalliq Energy Corporation (KIV-V). The results of the 2014 summer work program are available in a news release dated December 1, 2014.

David W. Tupper, P.Geo., V.P. of Exploration and a Qualified Person under National Instrument 43‐101 has reviewed and approved the technical information contained in this release.

For further information, please contact:

Scott Gibson
Chief Executive Officer
604 697‐0028

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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes “forward-looking statements.” All statements, other than statements of historical fact, are to be considered forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by the company, are inherently subject to significant business, economic, geological and competitive uncertainties and contingencies. 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. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include but are not limited to: fluctuations in market prices, exploration and exploitation successes, continued availability of capital and financing, changes in national and local government legislation, taxation, controls, regulations, expropriation or nationalization of property and general political, economic, market or business conditions. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance and, therefore, readers are advised to rely on their own evaluation of such uncertainties. All of the forward-looking statements made in this press release, or incorporated by reference, are qualified by these cautionary statements. We do not assume any obligation to update any forward-looking statements.

 

SOURCE: Roughrider Exploration Ltd. 

ReleaseID: 427394

New Zealand Energy Repays Working Capital Facility

WELLINGTON, NEW ZEALAND / ACCESSWIRE / March 31, 2015 / New Zealand Energy Corp. (TSXV: NZ) (OTCQX: NZERF) (“NZEC” or the “Corporation”), today announced that it has fully repaid the New Dawn Energy Limited (“New Dawn”) Working Capital Facility Agreement (the Facility”) put in place in September 2014.

The Working Capital Facility allowed for drawings up to NZ$5 million and had a maturity date of 31 March 2015. Total actual drawings and accrued interest repaid on this date amounted to NZD 638,457.34 which has now been fully repaid.

Security in respect of NZEC’s interests in the TWN Limited Partnership (the Waihapa Production Station) has now been discharged.

“David Robinson”

Chief Executive Officer & Director

About New Zealand Energy Corp.

NZEC is an oil and natural gas company engaged in the production, development and exploration of petroleum and natural gas assets in New Zealand. NZEC’s property portfolio covers conventional and unconventional prospects in the Taranaki Basin of New Zealand’s North Island. The Company’s management team has extensive oil and gas exploration and operations experience in New Zealand. NZEC plans to execute a technically disciplined exploration and development program focused on the onshore and offshore oil and natural gas resources in the politically and fiscally stable country of New Zealand. NZEC is listed on the TSX Venture Exchange under the symbol NZ and on the OTCQX International under the symbol NZERF. More information is available at www.newzealandenergy.com or by emailing info@newzealandenergy.com.

New Zealand Energy Contacts

David Robinson, Chief Executive Officer + 6-46-757-4470

Email: info@newzealandenergy.com
Website: www.newzealandenergy.com

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

FORWARD-LOOKING INFORMATION
This press release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”), including statements regarding NZEC’s business and the proposed offering. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond NZEC’s control, including the ability of NZEC to satisfy the conditions to completion of the proposed offering, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, operational risks in exploration and development, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although NZEC believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward looking information. As such, readers are cautioned not to place undue reliance on the forward looking information, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, NZEC does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

 

SOURCE: New Zealand Energy Corp.

ReleaseID: 427395

MNP Petroleum Corp. Files 10-K Report for the Year Ended December 31, 2014 and the Form 51-101 F1 Disclosure

BAAR, SWITZERLAND / ACCESSWIRE / March 31, 2015 / MNP Petroleum Corp. (“MNP”) (TSX-V: MNP; OTCQB: MNAP) has filed its annual report on Form 10-K for the year ended December 31, 2014 on EDGAR and on SEDAR. The report is available on the MNP website at www.mnppetroleum.com and at www.sedar.com or www.sec.gov. The Form 51-101 F1 is available on www.sedar.com.

About MNP Petroleum Corp.

MNP is an international oil and gas company with primary focus on exploration and development in Central Asia and Mongolia. In Tajikistan MNP owns 90% working interest in a Production Sharing Agreement covering the license areas Zapadnyi and Severo-Zapadnyi in the Soughd region through its wholly-owned subsidiary DWM Petroleum AG, and it owns a 37% working interest in ten producing oilfields. In Mongolia, MNP owns 74% of the working interest in two Production Sharing Contracts covering Blocks XIII and XIV through its wholly-owned subsidiary DWM Petroleum AG.

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.

For further information please contact:

Peter-Mark Vogel
Chief Financial Officer & Corporate Secretary
MNP Petroleum Corp.
Bahnofstr. 9, P.O. Box 1259
CH-6341 Baar, Switzerland
Phone: +41 44 718 1030
Fax: +41 44 718 1039
Email: info@mnppetroleum.com
Web: www.mnppetroleum.com

Robert Giordano
J. Streicher Capital
Investor Relations – USA
55 Broadway, 3rd floor
New York, NY 10006
USA
Tel: +1 917 327 3938
Email: rgiordano@jstreichercapital.com

Dr. Georg Hochwimmer
Investor Relations – Europe
General Research GmbH
Phone: +49 89 2500 4330
Email: hochwimmer@generalresearch.de

 

SOURCE: MNP Petroleum Corp.  

ReleaseID: 427392

1st Capital Bank Announces: Steve LeVa Appointed Senior Vice President and Senior Relationship Manager

MONTEREY, CA / ACCESSWIRE / March 31, 2015 / 1st Capital Bank (OTCQB:FISB) (“Bank”) today announced the appointment of Steve LeVá as Senior Vice President and Senior Relationship Manager. Mr. LeVá is responsible for developing and managing client relationships with businesses and professionals throughout Monterey County. Mr. LeVá is located in the Bank’s Salinas branch office.

Mr. LeVá has previously worked in a variety of lending and management capacities at major national and community banks serving clients throughout the Central Coast, with a particular focus in Monterey County. He has over 30 years of experience in agricultural and commercial lending. He earned his Bachelor of Science degree in Business Administration and Finance from California State University, Fresno. He has been involved with many local community organizations over the years, including California Rodeo Salinas, Relay for Life, Grower-Shipper Vegetable Association, Monterey County Vintners and Growers Association, and various volunteer boards.

Commenting on the appointment, Jon Ditlevsen, the Bank’s Chief Lending Officer, stated, “We are very pleased to have Steve join our team. Steve specializes in agricultural and agribusiness related lending. His knowledge of our local community, financial expertise, and dedication to providing exceptional customer service will be great assets to our clients.”

Mark Andino, the Bank’s President and Chief Executive Officer, added, “Steve LeVá adds further depth to our expertise in serving the many agriculture related clients throughout the Salinas Valley. We look forward to Steve’s contributions toward expanding our agribusiness portfolio.”

Mr. LeVá’s contact information is:

Steven.LeVa@1stCapitalBank.com
831.264.4076 office
831.747.4013 smartphone
1097 South Main Street
Salinas, CA 93901

About 1st Capital Bank

The Bank’s primary target markets are commercial enterprises, professionals, real estate investors, family business entities, and residents along the Central Coast Region of California. The Bank provides a wide range of credit products, including loans under various government programs such as those provided through the U.S. Small Business Administration (“SBA”) and the U.S. Department of Agriculture (“USDA”). A full suite of deposit accounts is also furnished, complemented by robust cash management services. The Bank operates full service branch offices in Monterey, Salinas, and King City. The Bank’s corporate offices are located at 5 Harris Court, Building N, Monterey, California 93940. The Bank’s website is www.1stCapitalBank.com. The main telephone number is 831.264.4000. The primary facsimile number is 831.264.4001.

Member FDIC / Equal Opportunity Lender / SBA Preferred Lender

Forward-Looking Statements:

Certain of the statements contained herein that are not historical facts are “forward-looking statements” within the meaning of and subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may contain words or phrases including, but not limited, to: “believe,” “expect,” “anticipate,” “intend,” “estimate,” “target,” “plans,” “may increase,” “may fluctuate,” “may result in,” “are projected,” and variations of those words and similar expressions. All such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that might cause such a difference include, among other matters, changes in interest rates; economic conditions including inflation and real estate values in California and the Bank’s market areas; governmental regulation and legislation; credit quality; competition affecting the Bank’s businesses generally; the risk of natural disasters and future catastrophic events including terrorist related incidents and other factors beyond the Bank’s control; and other factors. The Bank does not undertake, and specifically disclaims any obligation, to update or revise any forward-looking statements, whether to reflect new information, future events, or otherwise, except as required by law.

This news release is available at the www.1stCapitalBank.com Internet site for no charge.

For further information, please contact:

Mark R. Andino
President and Chief Executive Officer
831.264.4028 office
831.915.6498 smartphone
Mark.Andino@1stCapitalBank.com

Michael J. Winiarski
Chief Financial Officer
831.264.4014 office
831.747.0007 smartphone
Michael.Winiarski@1stCapitalBank.com

SOURCE: 1st Capital Bank

ReleaseID: 427341

Smart Investors Jump On Toy Stock Ahead Of Conference Call

HOUSTON, TX / ACCESSWIRE / March 31, 2015 / One World Holdings, Inc. [OTCBB: OWOO] announced last week that it will conduct a stockholders conference call on Monday, April 6 at 11 AM eastern time to share the details of a national retail store roll out of their product line. 

OWOO’s Prettie Girls! Doll line, is designed by world-famous doll designer, Stacey McBride-Irby and fills a need in the fast growing multicultural sector of the multi-billion dollar a year toy industry.

Microcap companies don’t typically conduct conference calls like this unless they have something big to announce, so we are really excited to hear what they have to say!

OWOO Founders, Trent T. Daniel and Stacey McBride-Irby recently concluded a whirlwind promotional tour in New York City and the company has been featured in the USA Today, The Huffington Post, MadameNoire, OK! Weekly on CNN, Fox Talk Show The Real, and TVOne. We also know OWOO’s products were presented at the International Toy Fair last month and many of the big box stores and major online distributors were there.

Joanne Melton, CEO of One World Holdings said, “Our appearance at Toy Fair coupled with national distribution of our dolls represent major milestones for One World and I am confident that everyone who listens in on this call will be just as excited as we are about the future and what 2015 has in store,” she added.

Founder Trent T. Daniel was interviewed at the Toy Fair, where he spoke about the enthusiastic and positive response to The Prettie Girls! dolls.

Watch the video here: http://oneworlddolls.com/investors/

The company has been in talks with several large retailers since its first appearance at Toy Fair 2014 and any major announcement about national distribution could draw strong attention if a big box retailer like Walmart, Target or Toys R’ Us places a purchase order.

One World’s dolls are already available on the websites for several major retailers such as; Walmart.com, Toysrus.com, and Amazon.com.

Again, we think that any major news on or before this call could send OWOO shares flying and that’s why it requires your immediate attention.

One World’s dolls also have the potential for major licensing deals, and toymaker Jakks Pacific (JAKK) could signal a blueprint for the potential growth trajectory OWOO could be on. Jakks Pacific has been on a roll since outperforming earnings due to their licensing deal with the movie ‘Frozen’.

With the recent announcement of One World’s partnership with legendary doll designer, Robert Tonner, the myriad of licenses Tonner has with Marvel and DC Comics could prove to be a mega hit for One World.

Another “doll” maker, Build-a-Bear Workshop (BBW), has been on a roll as well, up nearly 100% over the past year as interest flows back into the toy market. According to the Toy Industry Association, 2014 saw a 4% increase in the overall toy market, and the “doll” sector which makes up 12% of the overall toy market mirrored the 4% growth. 

Eliminating Debt

In addition to the big announcement coming via conference call, investors are excited OWOO is working hard to improve its balance sheet. In a press release issued on the subject Joanne Melton, One World Holdings CEO said. “Our days of being funded by predatory lenders have come to an end and our stock seems to now be showing how well it can perform with the absence of excessive dilution.”

Shares of toy stocks have been trading higher, and investors looking for the next big mover may want to take a close look at OWOO.

– The stock is trending in the right direction.

– Their balance sheet is improving. 

– Their doll lines are in high demand.

– The company is set to announce something big in less than a week.

All of these factors make One World Holdings, Inc. (OWOO) an extremely interesting opportunity, and the timing may be perfect for investors and traders alike.

About One World Holdings, Inc.

More information about Stacey McBride-Irby, Trent T. Daniel, and The One World Doll Project, can be found at www.oneworlddolls.com.

https://www.youtube.com/watch?v=fQXu3M8zPRA

Legal Disclaimer/Disclosure: This is a sponsored article and has been paid for by an advertiser. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this Report should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. We make no guarantee, representation or warranty and accept no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of CapitalGainsReport.com only and are subject to change without notice. CapitalGainsReport.com assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report. Disclaimer.

Mark McKelvie
http://TickerMediaGroup.com
585 301 7700

SOURCE: CapitalGainsReport.com

ReleaseID: 427345