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News Article | May 9, 2017
Site: www.marketwired.com

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TerrAscend Corp. (CSE:TER)(CSE:TER.CN)(CNSX:TER) ("TerrAscend" or the "Company"), is pleased to announce the appointment of Ms. Rebecca Hudson as the Company's Chief Financial Officer ("CFO"), subject to applicable regulatory and exchange approvals. Ms. Hudson brings strong experience in the areas of corporate finance, compliance, risk management, financial reporting and planning. Before joining TerrAscend, Rebecca served as CFO of Hornby Bay Mineral Exploration Ltd. Prior to her role at Hornby, Rebecca served as CFO for several publicly-listed mining and exploration companies. She is a Chartered Professional Accountant ("CPA") and earned her Master's Degree in Accounting from the University of Waterloo. "Rebecca's experience and acumen with respect to financial management and public company accounting make her a great addition to the executive team at TerrAscend," said Basem Hanna, President and Chief Executive Officer. "As a newly-listed public company, her financial background across various public companies and industries will assist us in executing on our growth strategy." The Company also announces that Jonathan Leong has resigned from the position of Interim CFO as of May 8, 2017. The Company thanks Mr. Leong for his contributions during his appointment and wishes him all the best with his future endeavors. On May 9, 2017, the Company granted options to certain employees and consultants of the Company to purchase an aggregate of 920,000 Common Shares at a weighted average exercise price of $1.15 per Common Share for periods expiring between one to five years from the date of grant, and vesting over certain defined periods and upon the achievement of certain predetermined corporate milestones. The stock options are being granted pursuant to the terms of the Company's stock option plan. Based in Mississauga, ON, TerrAscend is a vertically-integrated Canadian cannabis company that strives to create and deliver quality products and services that meet the evolving needs of the medical cannabis market. TerrAscend's wholly-owned subsidiary, Solace Health Inc., is in the final stage of its application for licensing under the Access to Cannabis for Medical Purposes Regulations. This news release contains "forward-looking information" within the meaning of applicable securities laws. Although TerrAscend believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because TerrAscend can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release. TerrAscend undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of TerrAscend, its securities, or financial or operating results (as applicable). TerrAscend disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.


TORONTO, ON / ACCESSWIRE / May 8, 2017 / ChroMedX Corp. (the "Company") (CSE: CHX) (OTCQB: MNLIF) (FSE: EIY2), developer of the HemoPalm Handheld Blood Analyzer System, is pleased to announce the completion of the cartridge receptor component for the HemoPalm analyzer prototype. The Company also announces the engagement of rapid prototyping firm, Agile Manufacturing, to complete the final assembly and packaging of the HemoPalm Analyzer prototype. The receptor is a crucial part of the HemoPalm analyzer responsible for receiving, aligning, and activating the measurement process of the cartridge. This was the final component required to complete prototype assembly, and ChroMedX is now working with Agile Manufacturing to package the functional prototype. "We are very excited to move into the assembly and packaging phase following the completion of the cartridge receptor. Agile's rapid prototyping capabilities make them an ideal partner in this final stage of prototype development," said Ash Kaushal, President & CEO, ChroMedX Corp. The HemoPalm Prototype is now being assembled and packaged conjointly with Canada's largest 3D printing service company, Agile Manufacturing Inc., of Uxbridge, Ontario. Agile is currently refining the assembly of the prototype and designing the housing for the handheld prototype. The receptor includes the following components: The measurement process will start automatically once correct cartridge insertion is detected, and will progress through the following steps: With regard to the foregoing, the Company recently announced the filing of second PCT application on its patented HemoPalm Handheld Blood Analyzer accounting for continued innovations and potentially extending protection on the IP to 2037. Agile Manufacturing Inc. is Canada's largest 3D Printing Service Bureau operating the country's biggest fleet of Additive Manufacturing/3D Printing equipment out of our North Toronto facility. In 2017, Agile has added a facility in Pella, Iowa to expand our services across the United States. Visit their website for more information: www.agile-manufacturing.com. ChroMedX Corp. is a medical technology company focused on the development of novel medical devices for in vitro diagnostics and point-of-care testing. The devices are protected by the Company's issued and pending patents, dealing with blood collection, analysis and plasma/serum processing. The HemoPalm Handheld Blood Analyzer System is the only handheld blood analysis technology which combines Blood Gases & Electrolytes with full CO-oximetry. Currently, this combination is not available on any of the handheld analyzers on the market. Existing technologies require users to purchase a second device to carry out the CO-oximetry. The Company's technology has the advantage of being able to offer a single handheld blood analyzer that provides all the required tests for Blood Gases & Electrolytes, with full CO-oximetry and bilirubin. Another competitive advantage of the HemoPalm system will be its ability to draw capillary blood directly from a pin-prick site into the cartridge, providing an alternative to arterial blood. Drawing arterial blood is painful and can cause nerve damage. CO-oximetry is the measurement of five different hemoglobin species in blood. The global market for Blood Gases & Electrolytes was estimated to be 1.5 billion $US in 2015, and is projected to reach over 1.8 billion by 2020. NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Except for statements of historic 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. Forward-looking statements are based on the opinions and estimates 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 statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com.


News Article | May 11, 2017
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - May 11, 2017) - Capstone Infrastructure Corporation (TSX:CSE.PR.A) (the "Corporation") today reported results for the quarter ended March 31, 2017. The Corporation's 2017 Management's Discussion and Analysis and unaudited interim consolidated financial statements are available at www.capstoneinfrastructure.com and on SEDAR at www.sedar.com. All amounts are in Canadian dollars. Capstone's activity in the first quarter of 2017 included producing enough eligible power to receive $3.7 million in government grant funding at Whitecourt, Capstone's biomass facility, as well as ongoing discussions with BC Hydro for a new Electricity Purchase Agreement ("EPA") for the Sechelt Creek hydro facility. On March 1, 2017, Capstone entered into a facility agreement for the Sechelt Creek hydro facility with the shíshálh Nation, which will result in minority equity ownership by the shíshálh Nation and profit sharing for the project. In addition, the Settler's Landing wind facility achieved commercial operations on April 5, 2017 and Capstone sold its interest in the Värmevärden district heating utilities business and repatriated the proceeds. The proceeds from the Värmevärden sale were used to satisfy the promissory note held by Irving Infrastructure Corp. ("Irving"), as well as return capital to Irving, the common shareholder. Furthermore, litigation proceedings with the Ontario Electricity Financial Corporation (the "OEFC") concluded on January 19, 2017. During the first quarter of 2017, revenue increased by $8.9 million, or 26%, due to contributions from new wind facilities constructed in 2016, as well as from the government grants earned by Whitecourt. The increase was partially offset by decreased revenue from the hydro and solar facilities, as well as from the pre-existing wind facilities. Expenses decreased by $5.2 million, or 26%, primarily due to lower staff costs and professional fees associated with the acquisition by Irving, a subsidiary of iCON Infrastructure Partners III, L.P. ("iCON III"), in 2016. This decrease was partially offset by higher expenses for the new wind facilities. EBITDA in the quarter increased by $20.3 million, or 231%, mainly reflecting the factors noted above. Net income increased by $113.2 million, primarily due to a $128.1 million gain from the sale of Värmevärden. The increase was partially offset by the 2016 contributions from Bristol Water, which Capstone sold in December 2016. As at March 31, 2017, the Corporation had unrestricted cash and cash equivalents of $58.2 million, including $35.5 million at the power segment which is accessible to Capstone through distributions and $22.7 million in total cash and cash equivalents available for general corporate purposes. In addition, Capstone was in a net current liability position of $10.2 million. The deficit mainly results from a $40.5 million increase in the current portion of long-term debt, including a $12.5 million increase in upcoming payments for the the Capstone Power Corp. ("CPC") credit facility, as well as $38.3 million in project debt at Sky Generation LP. Capstone is evaluating options to refinance the Sky Generation LP debt balances maturing in February 2018. Further, Capstone expects to repay the CPC debt from future operating cash flows, as per the terms of the credit facility. On April 1, 2017, Andrew Kennedy was appointed as Chief Financial Officer of Capstone and as a member of the board of directors. Michael Smerdon, Capstone's outgoing Chief Financial Officer, remains on Capstone's board of directors. Mr. Smerdon assumed the position of Chief Executive Officer of iCON Infrastructure Canada Inc. ("iCON Canada"), a subsidiary of iCON Infrastructure LLP and related party to Capstone. Mr. Smerdon leads the activities of iCON Canada and is responsible for driving investments and growth across Canada and the United States. On May 10, 2017, Paul Smith was appointed as a member of Capstone's board of directors. Mr. Smith, who was previously the non-executive chairman of CPC, brings a breadth of operations experience to the board. He has served as Managing Director, Generation at SSE plc (formerly known as Scottish & Southern Energy PLC) and is currently a non-executive director of Scottish Water. He also operates an independent consultancy business, PRS Energy Solutions Ltd. The board of directors today declared a quarterly dividend on the Corporation's Cumulative Five-Year Rate Reset Preferred Shares, Series A (the "Preferred Shares") of $0.2044 per Preferred Share to be paid on or about July 28, 2017 to shareholders of record at the close of business on July 14, 2017. The dividend on the Preferred Shares covers the period from April 30, 2017 to July 30, 2017. The dividends paid by the Corporation on its Preferred Shares are designated "eligible" dividends for the purposes of the Income Tax Act (Canada). An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents. Capstone's mission is to provide investors with an attractive total return from responsibly managed long-term investments in power generation in North America. The Corporation's strategy is to develop, acquire and manage a portfolio of high quality power facilities that operate in a contractually-defined environment and generate stable cash flow. Capstone currently owns, operates and develops thermal and renewable power generation facilities in North America with a total installed capacity of net 509 megawatts. Please visit www.capstoneinfrastructure.com for more information. Certain of the statements contained within this document are forward-looking and reflect management's expectations regarding the future growth, results of operations, performance and business of Capstone Infrastructure Corporation (the "Corporation") based on information currently available to the Corporation. Forward-looking statements are provided for the purpose of presenting information about management's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements use forward-looking words, such as "anticipate", "continue", "could", "expect", "may", "will", "intend", "estimate", "plan", "believe" or other similar words, and include, among other things, statements found in "Results of Operations" and "Financial Position Review". These statements are subject to known and unknown risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied by such statements and, accordingly, should not be read as guarantees of future performance or results. The forward-looking statements within this document are based on information currently available and what the Corporation currently believes are reasonable assumptions, including the material assumptions set out in the management's discussion and analysis of the results of operations and the financial condition of the Corporation ("MD&A") for the year ended December 31, 2016 under the headings "Changes in the Business", "Results of Operations" and "Financial Position Review", as updated in subsequently filed MD&A of the Corporation (such documents are available under the Corporation's SEDAR profile at www.sedar.com). Other potential material factors or assumptions that were applied in formulating the forward-looking statements contained herein include or relate to the following: that the business and economic conditions affecting the Corporation's operations will continue substantially in their current state, including, with respect to industry conditions, general levels of economic activity, regulations, weather, taxes and interest rates; that the preferred shares will remain outstanding and that dividends will continue to be paid on the preferred shares; that there will be no material delays in the Corporation's wind development projects achieving commercial operation; that the Corporation's power infrastructure facilities will experience normal wind, hydrological and solar irradiation conditions, and ambient temperature and humidity levels; that there will be no material changes to the Corporation's facilities, equipment or contractual arrangements; that there will be no material changes in the legislative, regulatory and operating framework for the Corporation's businesses; that there will be no material delays in obtaining required approvals for the Corporation's power infrastructure facilities; that there will be no material changes in environmental regulations for the power infrastructure facilities; that there will be no significant event occurring outside the ordinary course of the Corporation's businesses; the refinancing on similar terms of the Corporation's and its subsidiaries' various outstanding credit facilities and debt instruments which mature during the period in which the forward-looking statements relate; that the conversion rights pursuant to the convertible debenture issued in connection with the Grey Highlands ZEP wind facility, the Ganaraska wind facility, the Snowy Ridge wind facility and the Settlers Landing wind facility are exercised; market prices for electricity in Ontario and the amount of hours that Cardinal is dispatched; the price that Whitecourt will receive for its electricity production considering the market price for electricity in Alberta, the impact of renewable energy credits, and Whitecourt's agreement with Millar Western, which includes sharing mechanisms regarding the price received for electricity sold by the facility; and the re-contracting of the power purchase agreement ("PPA") for Sechelt. Although the Corporation believes that it has a reasonable basis for the expectations reflected in these forward-looking statements, actual results may differ from those suggested by the forward-looking statements for various reasons, including: risks related to the Corporation's securities (controlling shareholder, dividends on common shares and preferred shares are not guaranteed; and volatile market price for the Corporation's securities); risks related to the Corporation and its businesses (availability of debt and equity financing; default under credit agreements and debt instruments; geographic concentration; foreign currency exchange rates; acquisitions, development and integration; environmental, health and safety; changes in legislation and administrative policy; and reliance on key personnel); and risks related to the Corporation's power infrastructure facilities (market price for electricity; power purchase agreements; completion of the Corporation's wind development projects; operational performance; contract performance and reliance on suppliers; land tenure and related rights; environmental; and regulatory environment). For a comprehensive description of these risk factors, please refer to the "Risk Factors" section of the Corporation's Annual Information Form dated March 24, 2017, as supplemented by disclosure of risk factors contained in any subsequent annual information form, material change reports (except confidential material change reports), business acquisition reports, interim financial statements, interim management's discussion and analysis and information circulars filed by the Corporation with the securities commissions or similar authorities in Canada (which are available under the Corporation's SEDAR profile at www.sedar.com). The assumptions, risks and uncertainties described above are not exhaustive and other events and risk factors could cause actual results to differ materially from the results and events discussed in the forward-looking statements. The forward-looking statements within this document reflect current expectations of the Corporation as at the date of this document and speak only as at the date of this document. Except as may be required by applicable law, the Corporation does not undertake any obligation to publicly update or revise any forward-looking statements. This document is not an offer or invitation for the subscription or purchase of or a recommendation of securities. It does not take into account the investment objectives, financial situation and particular needs of any investors. Before making an investment in the Corporation, an investor or prospective investor should consider whether such an investment is appropriate to their particular investment needs, objectives and financial circumstances and consult an investment adviser if necessary.


TORONTO, ON / ACCESSWIRE / May 10, 2017 / Murchison Minerals Ltd. (CSE: MUR) ("Murchison" or the "Company") is pleased to announce the results of its spring 2017 - 5,653 metre diamond drilling program on its Brabant-McKenzie Zinc-Copper deposit, located in Northern Saskatchewan. Volcanogenic Massive Sulphide (VMS) style zinc-copper mineralization, as shown in Table 1 and Figure 1, was intersected by all ten holes of the recently completed drill program. Drill hole BM-17-01 intersected sulphides in both the known Upper Main Zone and Lower Main Zone parallel mineralized horizons ("UMZ" and "LMZ," respectively). Mineralization in the LMZ assayed 12.12% Zn, 0.97% Cu and 39.20 g/t Ag over an intercepted width of 11.40 metres and included a 5.96 metre interval that assayed 16.62% Zn, 0.79% Cu and 25.60 g/t Ag. Assay results from the UMZ intersected in BM-17-01 returned 11.49% Zn, 0.57% Cu and 21.98 g/t Ag over an interval width of 3.77 metres and included a 1.83 metre wide zone of 16.34% Zn, 0.59% Cu and 21.05 g/t Ag. The BM-17-01 results have the potential to provide additional resources, as this hole is greater than 100 metres from holes, which are included in the known resource. (See BM-17-01 location in Figure 1.) Holes BM-17-06 and 09 intersected VMS mineralization at a down dip depth of approximately 950 metres. Intercepts in BM-17-09 occur approximately 190 metre distance from intercepts in BM-17-06 (See Figure 1). Both holes were drilled from the same collar position and were designed to test the same geophysical airborne conductor plates and geological modelling, at depth, that was intersected in hole BM-17-01. BM-17-06 intersected 5.98 metres grading 1.37% Zn, 0.83% Cu and 19.10 g/t Ag including 2.44 metres assaying 1.22% Zn, 1.44% Cu and 31.90 g/t Ag within a semi-massive sulphide horizon. BM-17-09 returned 1.19% Zn 0.61% Cu and 14.7 g/t Ag over 3.37 metres. This hole also intersected a suspected siliceous cap rock at a vertical depth of 760 metres that is interpreted to be located on the fringes of the sulphide deposit and along with the mineralized sections provides valuable information regarding the deposit's geometry. Holes BM-17-02 through 04 respectively, tested the deposit at increasingly greater depth below BM-17-01. Results show that both good grade and thickness are apparent in both the UMZ and LMZ encountered in each of these deeper holes. Specifically, BM-17-04 returned a 7.16% Zn, 0.41% Cu and 22.40 g/t Ag over 6.23 metres including 2.38 metres assaying 11.59% Zn, 0.56% Cu and 24.13 g/t Ag in an intersection that is showing good down dip continuity and extension of approximately 90 metres to this sulphide horizon. Holes BM-17-05, 07, 08 and 10 were drilled along an approximately 500 metre long section located 225 metres north of the BM-17-01 to BM-17-04 section. These holes were designed to test the northern extents of the deposit and targeted both extrapolated geology and borehole EM conductor plates. Drill results show that intersected zones of the sulphide mineralization show considerably higher copper and lower zinc values than are exhibited in BM-17-01 to 04, suggesting a metal zonation from zinc to copper commonly observed in VMS deposits. Length density weighted intercepts. Holes were drilled to attempt intercept perpendicular to lens/mineralization. Actual true thickness may be less than intercepts reported. To view the graphic, please click here. The diamond drilling program was designed to test both the lateral, depth extents and untested areas of the deposit below and away from the main central corridor of historic drilling and outside of the 43-101 resource estimate of 1.5 million indicated tonnes grading 9.2% zinc, 0.89% copper and 3.0 million inferred tonnes grading 5.6% zinc and 0.6% copper, as outlined in the 2008 Second Technical Report on the Brabant Lake Property, Saskatchewan, Canada for Manicouagan Minerals Inc., dated September 12, 2008 (now Murchison). Drilling was based on a newer geological model and supporting airborne, ground and down hole geophysical anomalies. Mr. Kent Pearson, CEO, stated, "We are excited about the results of this program, particularly the success in extending mineralization to depth. The results of this program provide important information to further our understanding of the Brabant-McKenzie Deposit. The results indicate the presence of potential additional resources adjacent to those already known and identify additional diamond drill targets." Compilation of historic and new drill hole data and further interpretation is underway. An initial interpretation, based on drill hole intersections in conjunction with current geological modelling and geophysics, suggests that the deposit remains open to depth and laterally. A borehole EM geophysical survey of the deeper drilled holes below the known deposit is planned to define additional targets. The next round of drilling is expected to continue to test this focus area down plunge as well as open targets along strike. Additional large-scale airborne conductors similar to those outlined on the deposit remain untested and occur within 1.5 kilometres of the main deposit. Numerous other EM conductors and known mineralized showings traverse the property for 15 kilometres in prospective geological terrain and require follow-up work. The Brabant-McKenzie zinc-copper VMS deposit is located 175 kilometres northeast of La Ronge Saskatchewan, ranked the number one jurisdiction for mining in the world. The property is approximately 3 kilometres from the community of Brabant Lake, is accessible via highway 2 and is serviced by grid power. The core was logged and split in a secured core logging facility. Individual samples were labeled, placed in plastic sample bags, and sealed. Groups of samples were then placed in security sealed bags and shipped directly to the Saskatchewan Research Council Laboratories ("SRC") in Saskatoon, Saskatchewan for assay analysis. SRC used the ICP3 Base Metal Exploration Package for analysis. Partial digestions are performed on an aliquot of sample for the analysis of the requested elements by ICP-OES. An aliquot of pulp is digested in a test tube in a mixture of HNO3 HCl, in a hot water bath and then diluted to 15 ml using de-ionized water. Check assays, utilizing Atomic Absorption, as well as specific gravity analysis, were undertaken by TSL Labs also located in Saskatoon. Assay results for both methods were comparable. The technical information contained in this release has been reviewed and approved by Graham Gill, P.Geo. and Finley Bakker P.Geo., who are qualified persons pursuant to the terms of National Instrument 43-101 of the Canadian Securities Administrators. Both are consultants to Murchison. Murchison Minerals Ltd. is a Canadian based exploration company with a diversified portfolio of properties, including the Brabant-McKenzie Zinc-Copper deposit in north-central Saskatchewan and the HPM Nickel/Copper/Cobalt project in Quebec. Murchison also holds gold claims in the Pickle Lake area of northwestern Ontario. Additional information about Murchison Minerals and its exploration projects can be found at www.murchisonminerals.com. For further information, please contact: The CSE has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this news release. The CSE has neither approved nor disapproved the contents of this news release. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, 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. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators. TORONTO, ON / ACCESSWIRE / May 10, 2017 / Murchison Minerals Ltd. (CSE: MUR) ("Murchison" or the "Company") is pleased to announce the results of its spring 2017 - 5,653 metre diamond drilling program on its Brabant-McKenzie Zinc-Copper deposit, located in Northern Saskatchewan. Volcanogenic Massive Sulphide (VMS) style zinc-copper mineralization, as shown in Table 1 and Figure 1, was intersected by all ten holes of the recently completed drill program. Drill hole BM-17-01 intersected sulphides in both the known Upper Main Zone and Lower Main Zone parallel mineralized horizons ("UMZ" and "LMZ," respectively). Mineralization in the LMZ assayed 12.12% Zn, 0.97% Cu and 39.20 g/t Ag over an intercepted width of 11.40 metres and included a 5.96 metre interval that assayed 16.62% Zn, 0.79% Cu and 25.60 g/t Ag. Assay results from the UMZ intersected in BM-17-01 returned 11.49% Zn, 0.57% Cu and 21.98 g/t Ag over an interval width of 3.77 metres and included a 1.83 metre wide zone of 16.34% Zn, 0.59% Cu and 21.05 g/t Ag. The BM-17-01 results have the potential to provide additional resources, as this hole is greater than 100 metres from holes, which are included in the known resource. (See BM-17-01 location in Figure 1.) Holes BM-17-06 and 09 intersected VMS mineralization at a down dip depth of approximately 950 metres. Intercepts in BM-17-09 occur approximately 190 metre distance from intercepts in BM-17-06 (See Figure 1). Both holes were drilled from the same collar position and were designed to test the same geophysical airborne conductor plates and geological modelling, at depth, that was intersected in hole BM-17-01. BM-17-06 intersected 5.98 metres grading 1.37% Zn, 0.83% Cu and 19.10 g/t Ag including 2.44 metres assaying 1.22% Zn, 1.44% Cu and 31.90 g/t Ag within a semi-massive sulphide horizon. BM-17-09 returned 1.19% Zn 0.61% Cu and 14.7 g/t Ag over 3.37 metres. This hole also intersected a suspected siliceous cap rock at a vertical depth of 760 metres that is interpreted to be located on the fringes of the sulphide deposit and along with the mineralized sections provides valuable information regarding the deposit's geometry. Holes BM-17-02 through 04 respectively, tested the deposit at increasingly greater depth below BM-17-01. Results show that both good grade and thickness are apparent in both the UMZ and LMZ encountered in each of these deeper holes. Specifically, BM-17-04 returned a 7.16% Zn, 0.41% Cu and 22.40 g/t Ag over 6.23 metres including 2.38 metres assaying 11.59% Zn, 0.56% Cu and 24.13 g/t Ag in an intersection that is showing good down dip continuity and extension of approximately 90 metres to this sulphide horizon. Holes BM-17-05, 07, 08 and 10 were drilled along an approximately 500 metre long section located 225 metres north of the BM-17-01 to BM-17-04 section. These holes were designed to test the northern extents of the deposit and targeted both extrapolated geology and borehole EM conductor plates. Drill results show that intersected zones of the sulphide mineralization show considerably higher copper and lower zinc values than are exhibited in BM-17-01 to 04, suggesting a metal zonation from zinc to copper commonly observed in VMS deposits. Length density weighted intercepts. Holes were drilled to attempt intercept perpendicular to lens/mineralization. Actual true thickness may be less than intercepts reported. To view the graphic, please click here. The diamond drilling program was designed to test both the lateral, depth extents and untested areas of the deposit below and away from the main central corridor of historic drilling and outside of the 43-101 resource estimate of 1.5 million indicated tonnes grading 9.2% zinc, 0.89% copper and 3.0 million inferred tonnes grading 5.6% zinc and 0.6% copper, as outlined in the 2008 Second Technical Report on the Brabant Lake Property, Saskatchewan, Canada for Manicouagan Minerals Inc., dated September 12, 2008 (now Murchison). Drilling was based on a newer geological model and supporting airborne, ground and down hole geophysical anomalies. Mr. Kent Pearson, CEO, stated, "We are excited about the results of this program, particularly the success in extending mineralization to depth. The results of this program provide important information to further our understanding of the Brabant-McKenzie Deposit. The results indicate the presence of potential additional resources adjacent to those already known and identify additional diamond drill targets." Compilation of historic and new drill hole data and further interpretation is underway. An initial interpretation, based on drill hole intersections in conjunction with current geological modelling and geophysics, suggests that the deposit remains open to depth and laterally. A borehole EM geophysical survey of the deeper drilled holes below the known deposit is planned to define additional targets. The next round of drilling is expected to continue to test this focus area down plunge as well as open targets along strike. Additional large-scale airborne conductors similar to those outlined on the deposit remain untested and occur within 1.5 kilometres of the main deposit. Numerous other EM conductors and known mineralized showings traverse the property for 15 kilometres in prospective geological terrain and require follow-up work. The Brabant-McKenzie zinc-copper VMS deposit is located 175 kilometres northeast of La Ronge Saskatchewan, ranked the number one jurisdiction for mining in the world. The property is approximately 3 kilometres from the community of Brabant Lake, is accessible via highway 2 and is serviced by grid power. The core was logged and split in a secured core logging facility. Individual samples were labeled, placed in plastic sample bags, and sealed. Groups of samples were then placed in security sealed bags and shipped directly to the Saskatchewan Research Council Laboratories ("SRC") in Saskatoon, Saskatchewan for assay analysis. SRC used the ICP3 Base Metal Exploration Package for analysis. Partial digestions are performed on an aliquot of sample for the analysis of the requested elements by ICP-OES. An aliquot of pulp is digested in a test tube in a mixture of HNO3 HCl, in a hot water bath and then diluted to 15 ml using de-ionized water. Check assays, utilizing Atomic Absorption, as well as specific gravity analysis, were undertaken by TSL Labs also located in Saskatoon. Assay results for both methods were comparable. The technical information contained in this release has been reviewed and approved by Graham Gill, P.Geo. and Finley Bakker P.Geo., who are qualified persons pursuant to the terms of National Instrument 43-101 of the Canadian Securities Administrators. Both are consultants to Murchison. Murchison Minerals Ltd. is a Canadian based exploration company with a diversified portfolio of properties, including the Brabant-McKenzie Zinc-Copper deposit in north-central Saskatchewan and the HPM Nickel/Copper/Cobalt project in Quebec. Murchison also holds gold claims in the Pickle Lake area of northwestern Ontario. Additional information about Murchison Minerals and its exploration projects can be found at www.murchisonminerals.com. For further information, please contact: The CSE has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this news release. The CSE has neither approved nor disapproved the contents of this news release. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, 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. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.


ROLLING MEADOWS, IL--(Marketwired - May 09, 2017) - Charles Industries, Ltd., a leading provider of innovative enclosed solutions for communications service providers, has introduced a new line of metallic splice enclosure cabinets that are ideally suited for new outside plant deployment installations or as a retrofit of large count copper splices, sealed fiber splice enclosures and cable slack storage. Charles Splice Enclosures (CSE) are constructed of aluminum and powder-coated, ensuring a robust, rust-free enclosure that will provide a long service life. CSE are designed to store and protect large copper splices (6,000 to 10,000 pairs) or sealed fiber splice enclosures, depending on configuration. For copper splice storage, CSE models with insulated, repositionable ladder bars and cable attachments are available in 6,000, 8,000 and 10,000 spliced pair capacities. For fiber splice case storage, CSE models with an adjustable height fiber cable hanger bracket and lower offset cable slack retainer bracket are available with internal volumes of 13,500, 15,000 or 20,000 usable cubic inches. CSE are an ideal replacement solution to retrofits and upgrades of failing steel enclosures. Retrofitting is facilitated by a removable lower access panel that allows CSE to be moved into position with cables and conduits already in place, with no need for snaking cables into the enclosure. Two sets of front and rear entrance doors provide technicians with easy access to all splicing and ancillary equipment storage areas. Security features include standard 216-tool access locks, 3-point door latches, and optional padlock hasps. CSE may be mounted on precast concrete pads, Charles Industries' composite material mounting platforms (CPAD), or direct buried using two 42" universal mounting stakes. "The CSE product line is a versatile option for network splice points with high volume storage needs," says Tom Randstrom, Senior Product Manager at Charles Industries. "It's an easily installed, well designed solution that contractors, engineering firms and service providers can use to improve the reliability and aesthetics of both copper and fiber distribution networks." 2017 marks Charles Industries' 49th year as a privately held, diversified manufacturing and technology company serving telecommunications, wireless, utility, broadband, marine and industrial markets. Founded in 1968, the company is ISO 9001:2000 and TL 9000 registered and headquartered in Rolling Meadows, Illinois, with five additional U.S.-based manufacturing centers. For further information, please visit www.charlesindustries.com or call (847) 806-6300.


ZURICH, SWITZERLAND / ACCESSWIRE / May 11, 2017 / About 7 months ago, International Wastewater Systems Inc. (CSE: IWS; Frankfurt: IWI) announced that its wholly owned subsidiary SHARC Energy Systems (UK) Ltd. formed a strategic alliance with Scottish Water Horizons Ltd., the commercial subsidiary of Scottish Water, a public water utility owned 100% by the Scottish Government. Now, the starting shot for this major alliance occurred, as IWS announced that it has been awarded grant support to facilitate the installation of SHARC wastewater heat recovery systems at 5 locations across Scotland totaling £9.8 million GBP ($17.3 million CAD). In the press-release, Lynn Mueller, CEO of IWS, commented that "the contracts being awarded today by the Scottish Government provide the Company with first 5 of the 750 sites identified for conversion in Scotland, these are the culmination of over two years of hard work by the Company and its employees. This announcement is the game changer which the Company has been waiting for." This means that IWS will receive a total of £9.8 million GBP for the installation of 5 SHARC systems, which puts the price tag for a single SHARC at £1.96 million GBP ($3.5 million CAD) on average. If indeed 750 SHARC systems will be installed in Scotland, it becomes clear that this represents a £1.5 billion GBP ($2.6 billion CAD) opportunity for IWS, which company currently has a market capitalization of $24 million CAD. On top of all that, IWS will receive 20 years of renewable heat incentive payments. The full report can be accessed with the following links: Disclaimer: Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist.


News Article | May 8, 2017
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - May 8, 2017) - Carlyle Entertainment Ltd. is in default of CSE requirements. Effective immediately, Carlyle Entertainment will be suspended pursuant to CSE Policy 3. The suspension is considered a Regulatory Halt as defined in National Instrument 23-101 Trading Rules. A cease trade order has been issued by the Ontario Securities Commission.


News Article | May 12, 2017
Site: globenewswire.com

Vancouver, B.C., May 12, 2017 (GLOBE NEWSWIRE) -- Premier Managed Services Provider, VirtualArmour International Inc. (the “Company”) (CSE:VAI), has announced that Matthew Brennan, will be stepping down from his role as company President. In the interim, his responsibilities will be assumed by the current executive leadership team with oversight from VirtualArmour’s Chairman, Christopher Blisard and CEO Todd Kannegieter. “Matthew has made significant contributions to VirtualArmour in the six years he has been a part of our company,” said Christopher Blisard, Chairman and Co-Founder of VirtualArmour. "I am proud of our accomplishments over the past six years as we have transformed VirtualArmour and become a leader in the Managed Services and Cybersecurity market," said Mr. Brennan. "I am sincerely grateful for the support I've received from the Board of Directors, our clients and our employees. VirtualArmour is well positioned to continue its enviable growth.” "VirtualArmour will maintain its clear and strategic focus on expanding revenues, serving its clients and growing profitability," Mr. Blisard added. "On May 1st, we reaffirmed our fiscal year 2017 guidance, and Matthew’s departure does not change that picture in any way." VirtualArmour is a premier Managed Services Provider (MSP) delivering customizable management of advanced network and security services to global businesses across numerous industry sectors. It is a trusted partner of several Fortune 500 organizations and uses only best-in-breed technology to protect and secure its clients. VirtualArmour’s services operate around the clock through its Security Operations Centers (“SOC”) located in Middlesbrough, U.K. and Salt Lake City, Utah. Further information about the Company is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and on its website www.virtualarmour.com. This press release may include forward-looking information within the meaning of Canadian securities legislation. The forward-looking information is based on certain key expectations and assumptions made by the management of VirtualArmour.  Although VirtualArmour believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information as VirtualArmour cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release and VirtualArmour disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.


News Article | May 12, 2017
Site: globenewswire.com

Vancouver, B.C., May 12, 2017 (GLOBE NEWSWIRE) -- Premier Managed Services Provider, VirtualArmour International Inc. (the “Company”) (CSE:VAI), has announced that Matthew Brennan, will be stepping down from his role as company President. In the interim, his responsibilities will be assumed by the current executive leadership team with oversight from VirtualArmour’s Chairman, Christopher Blisard and CEO Todd Kannegieter. “Matthew has made significant contributions to VirtualArmour in the six years he has been a part of our company,” said Christopher Blisard, Chairman and Co-Founder of VirtualArmour. "I am proud of our accomplishments over the past six years as we have transformed VirtualArmour and become a leader in the Managed Services and Cybersecurity market," said Mr. Brennan. "I am sincerely grateful for the support I've received from the Board of Directors, our clients and our employees. VirtualArmour is well positioned to continue its enviable growth.” "VirtualArmour will maintain its clear and strategic focus on expanding revenues, serving its clients and growing profitability," Mr. Blisard added. "On May 1st, we reaffirmed our fiscal year 2017 guidance, and Matthew’s departure does not change that picture in any way." VirtualArmour is a premier Managed Services Provider (MSP) delivering customizable management of advanced network and security services to global businesses across numerous industry sectors. It is a trusted partner of several Fortune 500 organizations and uses only best-in-breed technology to protect and secure its clients. VirtualArmour’s services operate around the clock through its Security Operations Centers (“SOC”) located in Middlesbrough, U.K. and Salt Lake City, Utah. Further information about the Company is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and on its website www.virtualarmour.com. This press release may include forward-looking information within the meaning of Canadian securities legislation. The forward-looking information is based on certain key expectations and assumptions made by the management of VirtualArmour.  Although VirtualArmour believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information as VirtualArmour cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release and VirtualArmour disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.


VANCOUVER, British Columbia, May 14, 2017 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTC:MGXMF) is pleased to announce the Company will be presenting at InvestorIntel’s 6th Annual Cleantech and Technology Metals Summit taking place May 15-16 at the Omni King Edward Hotel in Toronto. MGX President and CEO Jared Lazerson will be speaking at the event on Tuesday, May 16th at 3:20pm EDT, on the subject of “Petrolithium: The Rapid Extraction of Lithium from Oilfield Brine.” The InvestorIntel summit features some of the most impressive market movers in the cleantech and technology metals sector. This year’s event will include 100+ participating companies, two dozen presenters and 10 panels. For more information on the event or to register, please click here. About MGX Minerals MGX Minerals is a diversified Canadian mining company engaged in the development of large-scale industrial mineral portfolios in western Canada and the United States. The Company operates lithium, magnesium and silicon projects throughout British Columbia and Alberta as well as petrolithium exploration in Utah. Learn more at www.mgxminerals.com. Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This press release contains forward-looking information or forward-looking statements including the completion of the rights offering (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.

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