News Article | February 15, 2017
PaymentComponents Ltd Announces It's Partnering with Infosistema for the Iberia Region PaymentComponents Ltd proudly announces the establishment of a strategic partnership with Infosistema for the Iberia region. This partnership will, among others, empower Banks, in Portugal & Spain, to become PSD2 compliant in record time! London, United Kingdom, February 12, 2017 --( The solutions initially offered will include: - aplonAPI ™ API Management Framework – a complete, PSD2 compliant, API solution, enabling the agile deployment of BaaP & BaaS services. aplonAPI, enables Financial Institutions to rapidly build, manage & distribute APIs and comes with PSD2 support out of the box. - aplonCASH ™ Treasury Management System (TMS) – allowing corporates to easily aggregate their banking relationship & transform their Treasury Department to a Profit Center The upcoming advent of PSD2, in January 2018, will drive major structural changes, in the ways consumers and companies interact with Banks. Infosistema and PaymentComponents are front runners, in empowering banks & corporates, successfully navigate the new business models & rapidly respond to new opportunities arising. For more information, you can contact Abel Camelo, Abel.Camelo@infosistema.com from Infosistema and Zoi Kioustelidou, email@example.com from PaymentComponents. About PaymentComponents PaymentComponents Ltd is a catalyst, empowering FinTech Innovation in Financial Institutions, Corporates and FinTechs. Operational since 2006 & incorporated in London in 2014, as a spinoff of a 25-year-old Financial Software development company (Datamation), PaymentComponents is a unique amalgam, bonding deep Financial Services understanding, expertise in developing mission critical Financial systems and the latest trends in FinTech innovation. Our aplonAPI ™ API Framework provides a complete, PSD2 compliant, solution for Financial Institutions, to actively participate in the FinTech (R)evolution. It empowers the creation, testing & growth of Platform Based services & fosters the collaboration with the rapidly growing FinTech community. Through treasury management systems, automated payments & reconciliation solutions, we provide a hassle-free path to FinTech benefits, for Corporates. Via software components, support and know-how, we enable Rapid & Agile development of SWIFT & SEPA compliant FinTech applications worldwide. We remain committed, to actively assisting our clients reap the benefits of the FinTech (R)evolution! We are trusted by Computer Associates, JPMorgan, Citigroup, Pictet, Credit Suisse, Bank of Cyprus, Hellenic Bank, CDB & Ancoria among others. For more information, http://www.paymentcomponents.com/ | Twitter @paymentcomp | LinkedIn PaymentComponents About Infosistema Infosistema acts in Technology and business consulting for Banking and Insurance sectors, Industry and public administration, developing Business Portals, BPM, Workflow and Integration solutions. With over 20 years of experience, projects in more than 8 countries and more than 120 Team members with more than 200 technical certifications, as in project management (PMP), we claim ourselves as an agile, flexible and innovative company capable of providing value to the most challenging and demanding needs of our customers. Infosistema is a member of the recently created Joyn Group. Joyn Group operates in IT Consultancy and Integration, Outsourcing, Service Design and foster innovation through Joyn Ventures. During the last three years the CAGR is over 50% and has now over 270 employees. For more information, http://www.infosistema.com/| Twitter @InfosistemaSA | Facebook Infosistema | LinkedIn Infosistema London, United Kingdom, February 12, 2017 --( PR.com )-- Starting from February 2017, Infosistema is the exclusive partner / reseller for the solutions developed by PaymentComponents in Portugal & Spain.The solutions initially offered will include:- aplonAPI ™ API Management Framework – a complete, PSD2 compliant, API solution, enabling the agile deployment of BaaP & BaaS services. aplonAPI, enables Financial Institutions to rapidly build, manage & distribute APIs and comes with PSD2 support out of the box.- aplonCASH ™ Treasury Management System (TMS) – allowing corporates to easily aggregate their banking relationship & transform their Treasury Department to a Profit CenterThe upcoming advent of PSD2, in January 2018, will drive major structural changes, in the ways consumers and companies interact with Banks.Infosistema and PaymentComponents are front runners, in empowering banks & corporates, successfully navigate the new business models & rapidly respond to new opportunities arising.For more information, you can contact Abel Camelo, Abel.Camelo@infosistema.com from Infosistema and Zoi Kioustelidou, firstname.lastname@example.org from PaymentComponents.About PaymentComponentsPaymentComponents Ltd is a catalyst, empowering FinTech Innovation in Financial Institutions, Corporates and FinTechs.Operational since 2006 & incorporated in London in 2014, as a spinoff of a 25-year-old Financial Software development company (Datamation), PaymentComponents is a unique amalgam, bonding deep Financial Services understanding, expertise in developing mission critical Financial systems and the latest trends in FinTech innovation.Our aplonAPI ™ API Framework provides a complete, PSD2 compliant, solution for Financial Institutions, to actively participate in the FinTech (R)evolution. It empowers the creation, testing & growth of Platform Based services & fosters the collaboration with the rapidly growing FinTech community.Through treasury management systems, automated payments & reconciliation solutions, we provide a hassle-free path to FinTech benefits, for Corporates.Via software components, support and know-how, we enable Rapid & Agile development of SWIFT & SEPA compliant FinTech applications worldwide.We remain committed, to actively assisting our clients reap the benefits of the FinTech (R)evolution!We are trusted by Computer Associates, JPMorgan, Citigroup, Pictet, Credit Suisse, Bank of Cyprus, Hellenic Bank, CDB & Ancoria among others.For more information, http://www.paymentcomponents.com/ | Twitter @paymentcomp | LinkedIn PaymentComponentsAbout InfosistemaInfosistema acts in Technology and business consulting for Banking and Insurance sectors, Industry and public administration, developing Business Portals, BPM, Workflow and Integration solutions.With over 20 years of experience, projects in more than 8 countries and more than 120 Team members with more than 200 technical certifications, as in project management (PMP), we claim ourselves as an agile, flexible and innovative company capable of providing value to the most challenging and demanding needs of our customers.Infosistema is a member of the recently created Joyn Group.Joyn Group operates in IT Consultancy and Integration, Outsourcing, Service Design and foster innovation through Joyn Ventures. During the last three years the CAGR is over 50% and has now over 270 employees.For more information, http://www.infosistema.com/| Twitter @InfosistemaSA | Facebook Infosistema | LinkedIn Infosistema Click here to view the list of recent Press Releases from Payment Components
News Article | May 9, 2017
MOORPARK, Calif.--(BUSINESS WIRE)--ERP Power LLC (ERP), a leading provider of small, smart and efficient LED drivers for the lighting industry, today announced the world’s smallest power supply for LED lighting fixtures will be demonstrated in Philadelphia May 9-11 at LIGHTFAIR International 2017 – the world's largest annual architectural and commercial lighting trade show and conference. The next generation ERP LED driver architecture delivers power density of 20 Watts per cubic inch in a package the size of two AA batteries. The new patent-pending power electronics design delivers more than double the density of the previous generation ERP platform, while delivering 5 times the power density of current industry competitors. Initial models will be available in 100W, 60W, and 40W capacity in constant current and constant voltage configurations. “ERP is once again redefining what small and powerful means in the LED lighting industry,” said Michael Archer, CEO of ERP Power. “Every LED luminaire design engineer who has held it in their hand simply says ‘Wow!’. We expect our new LED driver power density will accelerate an entire generation of creative new lighting fixture designs.” ERP will also be demonstrating its latest lineup of high wattage outdoor LED Drivers, surge protection devices and step-down transformers designed for use in roadway lighting, parking areas, and sporting venues. ERP's programmable LED drivers with integrated Bluetooth® mesh communications make dimming, scheduling, and ambient scene control as simple as a swipe of your finger or the sound of your voice. #LFI2017 attendees can see the ERP CDB Series driver on display as part of the Avi-On Pro demonstration in booth number 457; and embedded as part of a Leotek area lighting demonstration in booth number 2841. Established in 2004, ERP designs and manufactures small, smart and efficient LED driver power electronics for architectural, commercial and industrial lighting applications. Powerful ERP products deliver an industry-leading combination of compact size, extensive dimmer compatibility, wireless controls, programmable output, and high efficiency at competitive cost. Headquartered in Moorpark, CA, ERP owns and operates its own ISO 9001 certified manufacturing facility to ensure quality of design, sourcing, production and testing. Learn more online at www.erp-power.com or by emailing SaveEnergy@erp-power.com. Angeles Equity Partners is a private equity firm that invests in companies across a wide range of industrial sectors and specifically targets businesses which it believes can directly benefit from the firm’s deep expertise in operational transformation and strategic repositioning. This skill set drives the firm’s investment philosophy and, in its view, can help underperforming businesses reach their full potential. Learn more online at www.angelesequity.com. LIGHTFAIR® International is the world’s largest annual architectural and commercial lighting trade show and conference and is sponsored by the Illuminating Engineering Society (IES) and the International Association of Lighting Designers (IALD). The event is produced and managed by AmericasMart® Atlanta. For more information, please visit LIGHTFAIR.COM. Join the #LFI2017 conversation on Facebook, Twitter @lightfair, Instagram @lightfair_international, LinkedIn and YouTube.
News Article | May 17, 2017
TORONTO, ONTARIO--(Marketwired - May 17, 2017) - Cordoba Minerals Corp. (TSX VENTURE:CDB)(OTCQX:CDBMF) ("Cordoba" or the "Company") and its joint venture partner, High Power Exploration Inc. ("HPX"), a private mineral exploration company indirectly controlled by mining entrepreneur Robert Friedland's Ivanhoe Industries, LLC, are pleased to announce that ongoing drilling at the Alacran Project in Colombia, has continued to encounter high grade copper-gold mineralization. Recent drill holes have recorded mineralized intercepts of up to 184 metres, many with gold and copper mineralization that are significantly higher than the grades used in the preliminary Inferred Mineral Resource statement with the potential to expand the resource envelope. Drilling also has resulted in an enhanced understanding of the structural controls to the mineralization, providing good targets for future drilling. In addition, drilling has confirmed additional intersections of the carbonate base metals (CBM) veins, which host the bonanza-grade gold mineralization previously intersected in hole ACD036 (see January 23, 2017 news release). Mario Stifano, President and CEO of Cordoba, commented: "Drilling at Alacran continues to identify near surface high grade copper-gold mineralization with additional CBM veins intersected in multiple holes over a 400 metre structural trend, indicating potential to identify additional bonanza grade zones and veins. Our geological understanding of the multiple mineralizing events and structural interpretation at Alacran is improving with visible gold recently intersected in drill hole ACD063, with assays pending. With strong community support, the Company is now positioned to drill deep holes around the artisanal mine workings to identify the source of the higher-grade gold and copper mineralization and target additional CBM veins at Alacran." Gold-rich zones at the Alacran project are associated with CBM (carbonate base-metal) style veining that has a zinc-gold association and is interpreted to be a later event overprinting the copper-gold mineralization. Recent drilling analysis has shown that a north-south striking, steeply west-dipping, diorite dyke has been noted in a number of holes. This dyke appears to have a very strong correlation with high grade Cu-Au replacement mineralization and also appears to have a close affinity with high grade gold, such as the bonanza gold grade reported previously in ACD036 (0.90 meters @ 4,440 g/t gold, 10.25% copper, 24.70% zinc and 347 g/t silver). A direct magmatic-related association between high-grade copper-gold, and potentially the gold-zinc CBM veining, adds additional potential high-grade drill targets over a considerable strike length of the Alacran known mineralization. The relationship of this dyke to mineralization is outlined in Figure 2, where additional high-grade gold has been intersected in ACD041 (2 metres @ 9.82 g/t gold, 1.57% copper), in ACD050 (2 metres @ 11.15 g/t gold, 1.3% copper and 2 metres @ 7.36 g/t gold, 1.56% copper) and ACD58 (2 metres @ 3.4 g/t gold, 8.89% copper). There is potential to follow this body down dip to the west for additional replacement-style mineralization. Another primary control on late high-grade gold mineralization at Alacran is a NNE striking fault corridor which appears to control a series of en-echelon CBM style veins (as seen in ACD036). The gold in these veins is coarse and highly "nuggety", but values typically return in excess of 5 g/t gold. Diamond drilling, aided through detailed structural interpretation of previously intersected CBM style mineralization, will target these zones in the ongoing drill program at the Alacran project. Twenty-two drillholes have been completed at the Alacran project that focused on lateral extensions and continuity of copper-gold mineralization related to higher-grade zones between drill sections that to date, are drilled on approximately 100 metre spaced drill fences. Drilling was concentrated on the northern parts of the known copper-gold mineralization, some of the key results are discussed below. On Section 855825mN one drillhole was collared to test obliquely to the south the continuity of copper-gold mineralization between sections. Section 855570mN, six drillholes were collared; some to test the up-dip extensions to the orebody on section and some drilled oblique to section, both north and south, to better determine the short distance variation in both copper and gold grades. The copper-gold mineralization remains open down-dip on section. On Section 855440mN, three drillholes were collared to test the up-dip extensions of copper-gold mineralization to the east, copper-gold mineralization between drillholes ACD034 and ASA001 and an oblique drillhole to the north to test for continuity of copper-gold mineralization between sections. Section 855350mN was the southern-most section tested and where the most significant results were located, adding prospectivity for further advances to the south within the Alacran orebody. Three drillholes were collared to test for up-dip extensions of the copper-gold mineralization to the east, infill drilling between drillholes ASA002 and ACD023 and an oblique hole directed to the north-east to test for continuity of copper-gold mineralization between sections. The Alacran Copper-Gold project is located within the Company's San Matias Copper-Gold Project in the Department of Cordoba, Colombia. The Alacran project is located on a topographic high in gently rolling topography, optimal for potential open-pit mining. Access and infrastructure are considered favourable. The Alacran initial, pit-constrained, Inferred Mineral Resource is 53.52 million tonnes at 0.70% copper and 0.37 g/t gold, or 0.95% copper equivalent (CuEq), including 7.37 million tonnes at 2.14% copper and 0.41 g/t gold above 1% copper (Cu) cut off (see news release dated January 5, 2017. Alacran is approximately two kilometres southwest of the Company's Montiel porphyry copper-gold discovery, where drilling intersected 101 metres of 1.0% copper and 0.65 g/t gold, and two kilometres northwest of the Costa Azul porphyry copper-gold discovery, where drilling intersected 87 metres of 0.62% copper and 0.51 g/t gold. The copper-gold mineralization at Alacran is associated with stratabound replacement of a marine volcano-sedimentary sequence in the core of a faulted antiformal fold structure. The deposit comprises moderately to steeply-dipping stratigraphy that is mineralized as a series of sub-parallel replacement-style or skarn zones and associated disseminations. The copper-gold mineralization is composed of multiple overprinting hydrothermal events with the main ore phase comprised of chalcopyrite-pyrrhotite-pyrite that appears to overprint a large-scale early magnetite metasomatic event. The San Matias Copper-Gold Project comprises a 20,000-hectare land package on the inferred northern extension of the richly endowed Mid-Cauca Belt in Colombia. The project contains several known areas of porphyry copper-gold mineralization, copper-gold skarn mineralization and vein-hosted, gold-copper mineralization. Porphyry mineralization at the San Matias Project incorporates high-grade zones of copper-gold mineralization hosted by diorite porphyries containing secondary biotite alteration and various orientations of sheeted and stockwork quartz-magnetite veins with chalcopyrite and bornite. The copper-gold skarn mineralization at Alacran is associated with stratabound replacement of a marine volcano-sedimentary sequence. The nature of mineralization encountered at San Matias is similar to other large high-grade copper-gold deposits. The technical information has been reviewed, verified and compiled by Christian J. Grainger, Ph.D., a Qualified Person for the purpose of NI 43-101. Dr. Grainger is a geologist with over 15 years in the minerals mining, consulting, exploration and research industries. Dr. Grainger is a Member of the Australian Institute of Geoscientists (AIG) and Australian Institute of Mining and Metallurgy (AusIMM). Copper-equivalent values have been calculated using a US$1,300 per ounce gold price and US$2.50 per pound copper price. All samples have been prepared and assayed at ALS laboratory in Medellin, Colombia with gold assays being carried out as 50-gram Fire-Assays with AAS finish and all trace elements and base metals being assayed using four Acid Digest with ICP-MS finish. Copper-equivalent values have been calculated using a US$1,350 per ounce gold price and US$2.20 per pound copper price. The company utilizes an industry-standard QA/QC program. HQ and NQ diamond drill-core is sawn in half with one-half shipped to a sample preparation lab. The remainder of the core is stored in a secured storage facility for future assay verification. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance and a portion of the samples are periodically checked for assayed result quality. The Alacran preliminary Inferred Mineral Resource estimate was completed by Mining Associates Limited and reported by the Company on January 5, 2017, and is in accordance with National Instrument 43-101 and the 2014 Canadian Institute of Mining (CIM) definition standards. Inferred Mineral Resources are considered to be too speculative geologically to have the economic considerations applied to them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The San Matias Project is a joint venture between Cordoba and HPX, a private mineral exploration company founded by mining entrepreneur Robert Friedland. HPX has entered Phase Three of the Joint Venture Agreement, whereby HPX can earn a 65% interest in the San Matias Project by completing a feasibility study. HPX is a privately owned, metals-focused exploration company deploying proprietary in-house geophysical technologies to rapidly evaluate mineral prospects. The HPX technology cluster comprises systems for targeting, modelling, survey optimization, acquisition, processing and interpretation. HPX has a highly experienced board and management team led by Co-Chairman and Chief Executive Officer Robert Friedland, President Eric Finlayson, a former head of exploration at Rio Tinto, and co-chaired by Ian Cockerill, a former Chief Executive Officer of Gold Fields Ltd. For further information, please visit www.hpxploration.com. Cordoba Minerals Corp. is a Toronto-based mineral exploration company focused on the exploration and acquisition of copper and gold projects in Colombia. Cordoba has a joint venture with High Power Exploration on the highly prospective, district-scale San Matias Copper-Gold Project located at sea level with excellent infrastructure and near operating open-pit mines in the Department of Cordoba. For further information, please visit www.cordobaminerals.com. ON BEHALF OF THE COMPANY, Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the potential of the Company's properties are forward-looking statements that involve various risks and uncertainties. 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. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements which speak only as of the date of this news release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. To view Figure 1: Project Location and licenses on magnetics, please visit: http://media3.marketwire.com/docs/1095003f1.jpg. To view Figure 2 - Inclined level plan illustrating high grade intersections aligned on north-south trend, please visit: http://media3.marketwire.com/docs/1095003f2.jpg. To view Figure 3: Labelled drill collars' results are the subject of this release, please visit: http://media3.marketwire.com/docs/1095003f3.jpg.
News Article | May 15, 2017
Beijing Olympic Park Observation Tower is pictured during the Belt and Road Forum in Beijing, China May 14, 2017. REUTERS/Stringer BEIJING (Reuters) - Behind China's trillion-dollar effort to build a modern Silk Road is a lending program of unprecedented breadth, one that will help build ports, roads and rail links, but could also leave some banks and many countries with quite a hangover. At the heart of that splurge are China's two policy lenders, China Development Bank (CDB) and Export-Import Bank of China (EXIM), which have between them already provided $200 billion in loans throughout Asia, the Middle East and even Africa. They are due to extend at least $55 billion more, according to announcements made during a lavish two-day Belt and Road summit in Beijing, which ends on Monday. Thanks to cheaper funding, CDB and EXIM have helped to unblock what Chinese president Xi Jinping on Sunday called a 'prominent challenge' to the Silk Road: the funding bottleneck. But as the Belt and Road project grows, so do the risks to policy banks, commercial lenders and borrowers, all of whom are tangled in projects with questionable business logic, bankers and analysts say. EXIM, seeking to contain risk, says it has imposed a debt ceiling for each country. CDB says it has applied strict limits on sovereign borrowers' credit lines and controls the concentration of loans. "For some countries, if we give them too many loans, too much debt, then the sustainability of its debt is questionable," Sun Ping, vice governor of EXIM, told reporters last week. For now, funds are cheap and plentiful, thanks to Beijing. Belt and Road infrastructure loans so far have been primarily negotiated government to government, with interest rates below those offered by commercial banks and extended repayment schedules, bankers and analysts said. Massive government capital injections, bonds priced as sovereign debt and access to the central bank's pledged supplementary lending program keep CDB and EXIM funding costs at rock bottom. In Indonesia, CDB has offered a 40-year concessionary loan, without asking for government debt guarantees, to finance 75 percent of the $5.29 billion Jakarta-Bandung Railway, Indonesia's first high-speed railway and a model infrastructure project for China's Belt and Road effort. The loans carry a 10-year grace period. A 60 percent portion is denominated in U.S. dollars carrying a 2 percent interest rate, and the remaining 40 percent calculated in Chinese yuan, carrying a 3.4 percent rate, according to a note by Bank of China International. CDB, the world's biggest development financing institution, says it is not seeking to "maximize profits", Vice President Ding Xiangqun told reporters last week. The concessionary financing has allowed China's big state-owned manufacturers and infrastructure developers to compete aggressively against foreign bidders. Forty-seven of China's 102 central-government-owned conglomerates participated in 1,676 Belt and Road projects, according to government statistics. China Communications Construction Group alone has notched up $40 billion of contracts and built 10,320 kilometres of road, 95 deepwater ports, 10 airports, 152 bridges and 2,080 railways in Belt and Road countries. China's central bank governor Zhou Xiaochuan is among those to warn that this reliance on cheap loans raises "risks and problems", starting with moral hazard and unsustainability. China has been caught out before; it is owed $65 billion by Venezuela, now torn by crisis. "The jurisdictions where many of these loans are going are places that would have difficulty getting loans from Western commercial banks – their credit ratings are not very good, or the projects in question often are not commercially viable," said Jack Yuan, a bank analyst at Fitch Ratings in Shanghai. "The broader concern is that capital continues to be mis-allocated by Chinese banks." China's state-owned commercial banks are being pushed to support the government initiative. Top lender Industrial and Commercial Bank of China participated in 212 Belt and Road projects, providing $67.4 billion in credit in total, Chairman Yi Huiman said on Monday. Bank of China plans to offer $100 billion in credit to such projects by year-end. "Actually, commercial banks are not very motivated," said a senior banker at a large Chinese commercial lender. "We don't provide concessionary loans, and we really don't want those countries to think that all Belt and Road loans are discounted."
News Article | February 23, 2017
TORONTO, ONTARIO--(Marketwired - Feb. 23, 2017) - Cordoba Minerals Corp. (TSX VENTURE:CDB)(OTCQX:CDBMF) ("Cordoba" or the "Company") and its joint-venture partner, High Power Exploration Inc. ("HPX"), a private mineral exploration company indirectly controlled by mining entrepreneur Robert Friedland's Ivanhoe Industries, LLC, are pleased announce that Cordoba has been named to the 2017 TSX Venture 50, a ranking of top performers on the TSX Venture Exchange over the last year. Each year, the ranking showcases TSXV-listed companies that have shown notable results in key measures of market performance. The companies included in the 2017 TSX Venture 50 were selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume. Mario Stifano, President and CEO of Cordoba, commented: "Being named to the TSX Venture 50 is a reflection of the outstanding work by our team of explorationists whose efforts during the past year contributed to a series of notable copper and gold discoveries at our San Matias Project in Colombia. We are aggressively following up on last year's exploration successes at San Matias with three drill rigs testing new high-priority targets." A video produced by the TSX Venture Exchange to mark Cordoba's achievement is available to view at www.tsxventure50.com. Cordoba also was named to the 2017 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market in 2016. HPX is a privately owned, metals-focused exploration company deploying proprietary in-house geophysical technologies to rapidly evaluate buried geophysical targets. The HPX technology cluster comprises geological and geophysical systems for targeting, modelling, survey optimization, acquisition, processing and interpretation. HPX has a highly experienced board and management team led by Co-Chairman and Chief Executive Officer Robert Friedland, President Eric Finlayson, a former head of exploration at Rio Tinto, and co-chaired by Ian Cockerill, a former Chief Executive Officer of Gold Fields Ltd. For further information, please visit www.hpxploration.com. Cordoba Minerals Corp. is a Toronto-based mineral exploration company focused on the exploration and acquisition of copper and gold projects in Colombia. Cordoba has a joint venture with High Power Exploration on the highly prospective, district-scale San Matias Copper-Gold Project located at sea level with excellent infrastructure and near operating open-pit mines in the Department of Cordoba. For further information, please visit www.cordobaminerals.com. ON BEHALF OF THE COMPANY Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
News Article | January 20, 2016
Meituan-Dianping, China’s largest group deals site, confirmed that it has closed a colossal $3.3 billion round at a valuation of $18 billion. The company claims that this is the largest single funding round ever raised by a venture-backed Internet startup in China. Backers include returning investor Tencent, one of China’s top Internet companies; DST Global; TBP Capital, Canada Pension Plan Investment Board, Baillie Gifford, CDB Kai Yuan Capital Management; Capital Today; and Temasek Holdings. Merchant bank China Renaissance served as the financial adviser for the round. Meituan-Dianping’s current valuation puts it at No. 5 on CrunchBase’s unicorn leaderboard, behind Uber, Xiaomi, Airbnb and Palantir Technologies, and just ahead of Chinese taxi app Didi Kuaidi, which is also backed by Tencent and Temasek Holdings. The joint company was formed last October when competitors Meituan and Dianping announced a merger. It claimed 170 billion RMB ($25.84 billion) in gross merchandise volume (or the value of merchandise sold online) last year and currently serves about 150 million monthly active users who place about 10 million orders each day. Meituan and Dianping, which still operate as independent brands, were the strongest contenders in China’s group buying wars, when up to 5,000 Groupon clones struggled against one another before consumer interest in group buying sites started to dwindle around 2011. Meituan and Dianping, however, both benefited from the support of China’s top Internet companies. Tencent invested in Dianping, while Chinese e-commerce leader Alibaba backed Meituan (it sold its $1 billion stake after the merger). Both also offer a wider array of services than group discounts–Dianping specializes in restaurant orders, and both offer a wide array of services, including ticket bookings, travel reservations, and wedding services. While the two companies may have been originally founded to replicate Groupon, Meituan-Dianping has emerged as the largest player in China’s online-to-offline (O2O) market. O2O, which is a catch-all term for strategies that encourage more consumers in brick-and-mortar outlets to shop online (or vice versa), is important for Chinese Internet companies that want to grow their mobile businesses because most transactions are enabled by smartphones. O2O encompasses a wide array of products and services, ranging from group buying, ticket booking and online ordering from physical businesses to mobile payments and taxi hailing. According to China’s State Council, the O2O market was worth 305 billion yuan ($48 billion) in the first-half of 2015, a 80 percent year-over-year increase. Competition among O2O companies is fierce and many offer deep discounts of up to 60 percent in order to undersell rivals. Meituan and Dianping’s merger means that the two are no longer engaged in a price war, but as the funding shows, maintaining its position in the O2O market still requires a huge amount of capital.
News Article | March 2, 2017
DUBLIN--(BUSINESS WIRE)--CDB Aviation Lease Finance (“CDB Aviation”), a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today the delivery of one new Airbus A320-200neo aircraft to Scandinavia’s largest airline, SAS. The aircraft represents CDB Aviation’s first delivery of a total of six A320-200neos as part of a sale and leaseback transaction with the flag carrier. "We are delighted to conclude our first deal with SAS. We admire the great work the team at SAS are doing,” commented CDB Aviation Chief Commercial Officer Patrick Hannigan. “CDB Aviation has ambitious growth plans and looks forward to doing more business with SAS." Niklas Hårdänge, SAS VP Fleet Management, commented, “We are very happy to welcome CDB Aviation as a new partner supporting the introduction of the Airbus A320-200neo into our fleet. We look forward to working with the CDB Aviation team going forward.” CDB Aviation Lease Finance (“CDB Aviation”) is a wholly owned wholly owned Irish subsidiary of China Development Bank Financial Leasing Co LTD (CDB Leasing) a 33-year-old Chinese leasing company that is backed mainly by the China Development Bank. China Development Bank is under the direct jurisdiction of the State Council of China and is the world’s largest development finance institution. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating. CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China’s leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys Chinese sovereign credit rating. It took an important step in July 2016 to globalize and marketize its business – listing on the Hong Kong Stock Exchange (HKEX stock code:1606).
News Article | February 23, 2017
DUBLIN--(BUSINESS WIRE)--CDB Aviation Lease Finance (“CDB Aviation”), a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today the delivery of one new Boeing 737-800 aircraft to a Chinese carrier, Shandong Airlines. The 737-800 represents the carrier’s eighth aircraft on lease from CDB Aviation and signifies the 100th Next Generation aircraft added to the growing fleet of the Jinan, Shandong-based airline. Peter Chang, CDB Aviation President & Chief Executive Officer, commented: “We are very pleased to deliver this new Boeing aircraft to our long-term partner Shandong Airlines which will further strengthen the carrier’s route network and provide valuable operational flexibility. CDB Aviation remains steadfast in our continued growth efforts and commitment to broadening our offering to provide airline customers in all markets around the world with the most comprehensive leasing services.” Mr. MIAO Liubing, General Manager of Shandong Airlines commented: "We are very delighted to partner again with CDB Aviation on our development path to expand our 737 fleet. The lease of this 737-800 is a significant milestone for us and will help us continue to strengthen our market share in China. We expect to continue this long-term partnership with CDB Aviation into the future.” The news follows recent appointments of key executives to CDB Aviation’s leadership team as part of a new strategic direction in positioning the company as a leading global aviation leasing business. Chang added that “CDB Aviation will soon make another major announcement of additional industry heavyweights to join its management team as the company accelerates momentum in executing on its strategy to innovate and benefit its airline customers globally.” CDB Aviation Lease Finance (“CDB Aviation”) is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), a 33-year-old Chinese leasing company that is backed mainly by the China Development Bank. China Development Bank is under the direct jurisdiction of the State Council of China and is the world’s largest development finance institution. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating. www.cdbaviationleasefinance.com CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China’s leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys Chinese sovereign credit rating. It took an important step in July 2016 to globalize and marketize its business – listing on the Hong Kong Stock Exchange (HKEX STOCK CODE:1606).
News Article | November 8, 2016
ZHUHAI, China, 08-Nov-2016 — /EuropaWire/ — CDB Leasing has selected CFM LEAP-1A engines to power 100 percent of its first batch of next generation single-aisle aircraft orders. The firm engine order is valued at $1.26 billion U.S. at list price and deliveries are scheduled between 2018 and 2021. “We believe our customers will benefit greatly from operating the highly efficient, reliable LEAP-1A engines,” said the president of CDB Leasing. “What we have seen of the engine’s performance in commercial service so far has given us great confidence that it is the right engine for our new single aisle aircraft and will provide the operating economics our customers expect, that will substantially reduce emissions which is consistent with CDB Leasing’s Green Growth core value.” “We are so pleased by CDB Leasing’s trust in our products and service,” said Jean-Paul Ebanga, president and CEO of CFM International. “CFM is committed to providing our best support to our operators and leasing company customers, to support their goals of providing passengers with the highest quality air travel.” The LEAP-1A engine entered commercial service on August 2, 2016. A total of 10 aircraft have been delivered to date and the in-service fleet has logged nearly 3,000 flights to date. The engine is delivering the promised 15 percent improvement in fuel efficiency, along with an equivalent reduction in CO2 emissions; a 50 percent margin to new emissions regulations; a dramatically lower noise signature; and CFM’s industry-leading reliability and low overall operating costs. About China Development Bank Financial Leasing Co., Ltd. Founded in 1984, China Development Bank Financial Leasing Co., Ltd. (CDB Leasing) was one of the first leasing companies in the PRC and one of the first CBRC-regulated leasing companies and the first IPO financial leasing company in China. CDB Leasing is the sole leasing business platform and one of the key strategic business segments of CDB, dedicated to providing comprehensive leasing services to high-quality customers. The company owns and manages more than 400 aircraft and ranks as one of the world’s Top 10 aviation leasing companies. About CFM International LEAP-1A engines are a product of CFM International, a 50/50 joint company between GE and Safran Aircraft Engines and the world’s leading supplier of commercial aircraft engines. To date, the company has garnered orders and commitments for more than 11,500 LEAP engines, making it the fastest-selling engine in aviation history. For more information concerning CFM, visit us on the Web at www.cfmaeroengines.com or follow us on Twitter @CFM_engines
News Article | February 15, 2017
NEW YORK--(BUSINESS WIRE)--Bank of America Merrill Lynch Community Development Banking (CDB) provided nearly $4 billion in loans, tax credit equity investments and other real estate development solutions to create housing for individuals, families, veterans, seniors and the previously homeless across the United States in 2016. This effort included: In 2016, the Community Development Banking group completed the second phase of the San Francisco Rental Assistance Demonstration (SF-RAD), the largest and most complex RAD financing in the United States to date. Over both phases, the bank provided $2.2 billion as investor and lender, which will transform nearly 3,500 public housing units at 29 properties into safe and sustainable low-income housing for more than 10,000 San Francisco residents. The project will rehabilitate the property by addressing critical safety issues, upgrading the living areas and increasing the number of Americans with Disabilities Act (ADA)-compliant units. The formerly public housing is now owned and managed by private entities committed to maintaining quality affordable housing. The bank also provided funding for supportive services including referrals to case management, mental health and substance abuse, and other services. For more information on CDB’s RAD capabilities, click here. Other significant projects that closed in 2016 include: “Our goal is to provide our clients the right combination of financial tools to best serve the individual needs of their projects,” said Maria Barry, Bank of America Merrill Lynch Community Development Banking executive. “In 2016, we expanded our permanent debt platform to include a number of proprietary long-term financing products to provide our clients seamless execution.” In 2016, CDB celebrated the 25th anniversary of its Bank of America Merrill Lynch Low-Income Housing Challenge (LIHC). The LIHC has continued its goal to inform, educate and attract the next generation of affordable housing professionals. Teams included undergraduate and graduate students from eight universities in California, Washington, Oregon, Arizona and New York. The LIHC has resulted in actual housing developments based on proposals created during the competition, fostering future talent while supporting CDB’s commitment to providing quality, affordable housing. The bank gained momentum on its Federal Housing Administration (FHA) multifamily lending platform in 2016, underwriting a variety of transactions across the country, with a significant concentration along the East Coast. The bank has been successfully pairing its FHA execution with Low-Income Housing Tax Credit (LIHTC) equity and equity bridge loans to provide a streamlined execution for borrowers. “We deliver the full capabilities of the bank to our clients to help create sustainable solutions that promote healthy and thriving communities,” said Barry. “In 2016, we streamlined our delivery, made strategic hires and expanded our existing financial offerings to offer innovative solutions for our clients.” Community Development Banking includes the Banc of America Community Development Corp. (BACDC), which serves as a development partner and provides debt and equity financing for properties in low- and moderate-income communities across the country. In 2016, BACDC was a development partner in affordable housing projects with a total cost of $159 million, including $39 million in completed projects, $73 million under construction and more than $47 million in new developments. 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