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TORONTO, ON--(Marketwired - May 04, 2017) - After collecting over 4.3 million Automatic Dependent Surveillance - Broadcast (ADS-B) messages from aircraft since it launched in September 2016, the 3.5 kilogram 10x10x34cm CanX-7 nanosatellite deployed its four drag sails yesterday evening. CanX-7 was built by Space Flight Laboratory (SFL) at the University of Toronto Institute for Aerospace Studies (UTIAS). Each drag sail has an area of approximately one square meter. The sails are intended to decrease the ballistic coefficient of the satellite and use atmospheric drag to accelerate orbital decay. The drag sail technology is important for nano- and microsatellites whose low Earth orbital presence would exceed the Inter-Agency Space Debris Coordination Committee (IADC) guidelines that limit such presence to 25 years after end of mission. "With SFL's innovative drag sail technology verified on orbit, the door is opened to using this technology on future missions where compliance to IADC guidelines would not otherwise be possible," says Robert Zee, Director of SFL. "Such compliance is essential to ensuring that space debris is mitigated for the world. It is also a critical component in satisfying regulatory bodies so that small satellite missions may proceed uninhibited." CanX-7 completed a seven-month campaign to collect ADS-B messages from aircraft to demonstrate Canada's first ADS-B data collection from space. With that phase of the mission successfully completed, the drag sails were deployed to begin the second phase of the mission. The sequential phases were intended to emulate an operational mission followed by deorbiting. A key component in the drag sail technology demonstration was long-term stowage of the drag sail modules in space without interrupting or affecting the operational mission. "We want our drag sail technology to be compact and non-intrusive to a satellite's main mission. This will ensure wide acceptance and easy adoption by future microsatellite missions," says Zee. "The four drag sails were deployed across the two passes this evening (two sails per pass)," reported Brad Cotten, CanX-7 Project Manager on May 3. "All telemetry is nominal and indicates that each sail is fully deployed. The deployment was also confirmed optically from the ground." During this final phase of the CanX-7 mission, the deorbiting process will be closely monitored via the SFL ground station in Toronto. Orbital decay rate will be determined and compared against pre-launch simulation results. "We are thankful to our sponsors that helped make this mission successful for the benefit of Canada and the world, including Defence R&D Canada - Ottawa, the Natural Sciences and Engineering Council of Canada, COM DEV, Royal Military College of Canada, and the Canadian Space Agency," said Zee. SFL builds big performance into smaller, lower cost satellites. Small satellites built by SFL consistently push the performance envelope and disrupt the traditional cost paradigm. Satellites are built with advanced power systems, stringent attitude control and high-volume data capacity that are striking relative to the budget. SFL arranges launches globally and maintains a mission control center accessing ground stations worldwide. The pioneering and barrier breaking work of SFL is a key enabler to tomorrow's cost aggressive satellite constellations.


News Article | April 7, 2017
Site: globenewswire.com

Serabi Gold plc ("Serabi" or the "Company") Award of Share Options The Company announces that on 7 April 2017 the board of directors of Serabi agreed to award in aggregate 15,650,000 new options over ordinary shares to employees, directors and officers of the Company. The option grant is part of the Company's annual compensation review and the issuance is made under the Serabi 2011 Share Option Plan (the "2011 Plan") which the Company adopted on 28 January 2011 and was re-affirmed by shareholders at the Company's AGM held on 24 June 2014.  The 2011 Plan allows the Company to issue a number of options up to an aggregate of 10% of its issued and outstanding common shares. The options granted will vest in three equal tranches, with one-third vesting and being exercisable immediately on award, one-third vesting on the first anniversary of the award and the remainder vesting on the second anniversary of the award and the options will lapse three years after the date of the award. The options have an exercise price of 5.00 pence per share. The pricing of the options represents a 5 per cent premium to the London closing price as at 6 April 2017 of 4.75 pence, a 1 per cent premium to the London 10 day weighted average price and a 2 per cent premium to the 20 day weighted average price, both also as of 6 April 2017.  The award represents 2.24% of the current issued share capital of 698,701,772 ordinary shares. Options granted to directors of the Company are as follows: The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014. Details of the person discharging managerial responsibilities / person closely associated Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted Description of the financial instrument, type of instrument Options over Ordinary Shares of 0.5p each ("Ordinary Shares") - Price Price payable on exercise of option - UK£0.0500 1/3 exercisable immediately on award; 1/3 vesting on the first anniversary of the award; and 1/3 vesting on the second anniversary of the award Copies of this announcement are available from the Company's website at www.serabigold.com. Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this announcement. Qualified Persons Statement The scientific and technical information contained within this announcement has been reviewed and approved by Michael Hodgson, a Director of the Company. Mr Hodgson is an Economic Geologist by training with over 26 years' experience in the mining industry. He holds a BSc (Hons) Geology, University of London, a MSc Mining Geology, University of Leicester and is a Fellow of the Institute of Materials, Minerals and Mining and a Chartered Engineer of the Engineering Council of UK, recognising him as both a Qualified Person for the purposes of Canadian National Instrument 43-101 and by the AIM Guidance Note on Mining and Oil & Gas Companies dated June 2009. Forward Looking Statements Certain statements in this announcement are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although any forward looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements.


High gold grades maintained, as Serabi produces almost 10,000 ounces for the first quarter of 2017 Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, is pleased to report first quarter production of almost 10,000 ounces of gold, in line with production guidance and provides an accompanying operational update on its Palito and Sao Chico high grade gold operations in the Tapajos region of Para State, Northern Brazil. "A successful 2016 has been followed by a strong first quarter to 2017, with almost 10,000 ounces of gold being produced for the quarter; on budget and in line with guidance. "Mine production from both the Palito and Sao Chico orebodies showed steady progress.  Eight veins are now being worked in the Palito orebody, with four new veins coming on stream this quarter, significantly improving optionality.  The Pipocas, G3 and Senna veins continue to form the backbone of production, whilst development of the new Zonta vein to the west of Senna, ongoing development of the G1 and G2 veins, and veins within the Chico da Santa zone demonstrate the abundance of opportunity that exists at Palito. "Ore development and production from the Sao Chico orebody continued in line with schedule and with excellent mined grades, at an average grade of over 12 g/t, achieved for the quarter.  The main ramp has now reached the 56mRL with the Main Vein being intersected early in April.  Stope ore production is currently focused on the 140mRL whilst development is progressing on five levels below and is nicely ahead of stoping activity. "In the plant, the quarterly performance was very satisfying and the milled throughput of 46,000 tonnes for the quarter represents a 10 per cent improvement over the previous highest quarterly production level.  As has previously been reported, the introduction of the third mill last year was principally to establish much needed contingency, however, we are making inroads into the surface stockpiles, though we still remain largely limited by overall plant capacity. "In the latter half of 2016 the Company reported that, following the extension of its exploration license holdings around the Sao Chico orebody, it had recommenced surface exploration, with an IP geophysical survey.  The purpose of the survey was to trace the trend of the Main Vein, which has sufficient sulphides to provide a clear conductivity anomaly and which in turn, we hoped, would provide targets for a subsequent drill programme.  Due to the wet season arriving early, the programme had to be suspended, but nevertheless we processed the data from those areas where work had been completed.  The initial results that have become available during this first quarter of 2017 are extremely promising.  The survey was designed to traverse the known orebody to provide orientation, and focus to the east and west of the current strike.  The results to date show two excellent anomalies 600 metres to the north and 300 metres to the south of the current workings, which, from a geophysical perspective, look even stronger than the orebody being mined.  These anomalies appear to suggest a geometry consistent with the known orebody and could suggest parallel mineralisation.  We are set to recommence the programme this coming quarter, though clearly we have already generated some exciting drill targets. "Exploration and evaluation drilling underground continued with approximately 1,950 metres of diamond drilling completed.  This drilling is focusing on deeper drilling into inferred resources in the Senna, Pipocas and G3 veins in the Palito orebody, and similarly the down dip extension of the Main Vein in the Sao Chico orebody, with a view to converting substantial inferred resource to indicated status. "Following the excellent operational performance of 2016, it is very pleasing to see this being continued with a very good first quarter.  Grades coming out of the Sao Chico orebody have been excellent, the plant has processed record tonnages and the operation remains mill constrained.  The exploration results which indicate excellent anomalies adjacent to the Sao Chico orebody, are obviously very exciting for us, and we want to progress these as soon as is practical." Total production for the first quarter of 2017 was 9,861 ounces of gold, generated from the processing of the run of mine ("ROM") ore from the Palito and Sao Chico orebodies, combined with the Palito surface coarse ore and the stockpiled flotation tailings accumulated from Palito mine production in 2014. Gold production for the first quarter came from the processing of 46,663 tonnes of ore at overall combined grades of 7.09 g/t gold, which was sourced from mined ore from the Palito and Sao Chico orebodies, supplemented with lower grade surface stockpiled ROM and flotation tailings.  Mined tonnage for the quarter totalled 36,918 tonnes with a grade of 10.12 g/t of gold. At 31 March 2017, there were coarse ore stocks of approximately 13,000 tonnes with an average grade of 4.0 g/t of gold, and approximately 17,000 tonnes of flotation tails with an average grade of 2.5 g/t of gold. This stock is being consumed, albeit not as quickly as forecast and for now the operation remains plant constrained. A total of 2,251 metres of horizontal development has been completed during the quarter, of which 1,176 metres was ore development.  The balance is the ramp, cross cuts and stope preparation development. The Company forecast 40,000 ounces of gold production for the year, with an AISC of between $950 and $975 per ounce, broadly in line with the cost guidance of 2016.  Gold production for the first quarter is in line with the Company's forecast. The 2017 guidance of 40,000 ounces is an eight per cent improvement on Serabi's initial guidance for 2016 which was 37,000 ounces. Management hope that, with the production efficiencies and improvements that can be implemented in 2017, Serabi will again be able to improve on its production guidance, as it did in 2016, where the Company exceeded its initial guidance by 6.5 per cent to produce 39,390 ounces. This announcement is inside information for the purposes of Article 7 of Regulation 596/2014. Copies of this announcement are available from the Company's website at www.serabigold.com. Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this announcement. The following is a glossary of technical terms: "assay" in economic geology, means to analyze the proportions of metal in a rock or overburden sample; to test an ore or mineral for composition, purity, weight or other properties of commercial interest. "development" - excavations used to  establish access to the mineralised rock and other workings "grade" is the concentration of mineral within the host rock typically quoted as grams per tonne (g/t), parts per million (ppm) or parts per billion (ppb). "granodiorite" is an igneous intrusive rock similar to granite. "igneous" is a rock that has solidified from molten material or magma. "Intrusive" is a body of igneous rock that invades older rocks. "on-lode development" - Development that is undertaken in and following the direction of the Vein "mRL" - depth in metres measured relative to a fixed point - in the case of Palito and Sao Chico this is sea-level.  The mine entrance at Palito is at 250mRL. "stoping blocks" - a discrete area of mineralised rock established for planning and scheduling purposes that will be mined using one of the various stoping methods. "vein" is a generic term to describe an occurrence of mineralised rock within an area of non-mineralised rock. Qualified Persons Statement The scientific and technical information contained within this announcement has been reviewed and approved by Michael Hodgson, a Director of the Company. Mr Hodgson is an Economic Geologist by training with over 26 years' experience in the mining industry. He holds a BSc (Hons) Geology, University of London, a MSc Mining Geology, University of Leicester and is a Fellow of the Institute of Materials, Minerals and Mining and a Chartered Engineer of the Engineering Council of UK, recognising him as both a Qualified Person for the purposes of Canadian National Instrument 43-101 and by the AIM Guidance Note on Mining and Oil & Gas Companies dated June 2009. Forward Looking Statements Certain statements in this announcement are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although any forward looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements.


News Article | November 10, 2016
Site: www.newsmaker.com.au

Chip scale packaging is one of the packaging types for integrated circuits. Quad flat No Leads (QFN) is a one such chip scale packages with lead frame substrate. The quad flat no- leads which is plastic encapsulated package is a surface mount technology where IC’s are attached to the surfaces of printed circuit boards. Quad flat no-leads electrically connect the integrated circuits to printed circuit boards (PCB). The QFN are available in configurations such as saw singulated and punch formats. High performance (thermal and electrical), compacted size and lower costs are some of the important differentiating features than the conventional lead frame type of packages. QFN is widely used in RF applications, Bluetooth In 2015, global printed circuit board market was US$ 58.5 Bn, and it is expected to growth due to high demand. Thus, boosting global quad flat no-leads packaging market. The QFN market is primarily driven by the high demand in printed circuit board and flexible printed circuit board. Availability of QFN with various sizes boosts the global QFN market. Besides, the trend of smaller circuit designs in the electronic industry, increase in smartphone production and other handheld devices fuel the global QFN market. Other factors which aid in driving the global QFN market are its greater surface mount area, lower cost, light in weight. However, the specifications and guidelines for QFN manufacturing such as Japan Electronics and Information Technology Industries Association (JEITA), Joint Electron Device Engineering Council (JEDEC) and others are tight hence the global QFN market scenario limited with established players. The global quad flat no-leads market is segmented on the basis type of QFN and application. Based on type of QFN, global quad flat no-leads market is segmented into: Based on application, global quad flat no-leads market is segmented into: Geographically the global quad flat no-leads market is divided into five key regions including North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA).North America holds the major share in the quad flat no-leads market due to increasing in sales of flexible circuits. Followed by North America is Asia Pacific, especially China, holds a maximum share of Quad Flat No-leadsmarket. The quadflat no-leads marketin Europe, Latin America, and MEA are comparatively less robust than APAC market since the presence of the majority of electronic manufacturing sites in Asian countries. The some of the key players identified in the global Quad Flat No-leads Packaging market are Amkor Technology, Lumileds Holding B.V., ASE Group, Henkel Corporation, Broadcom Limited, China Wafer Level CSP Co., Ltd, etc.


Bogle D.,Engineering Council
Proceedings of the Institution of Civil Engineers: Forensic Engineering | Year: 2011

Risk permeates the work of all engineers. This briefing describes the Engineering Council's new guidance for engineers on risk and the thinking behind its development. The guidance on risk was published in March 2011. It comprises a set of six principles, each with supporting statements and exemplars to guide and motivate professional engineers and technicians in identifying, assessing, managing and communicating about risk. The material is generic and profession-wide, and was developed by bringing together expert thinking from across the profession, including civil engineering. It has been welcomed as a milestone in the development of the profession.


News Article | November 30, 2016
Site: www.prweb.com

The Institute of Refrigeration has a national reputation as the knowledge hub for the refrigeration and air conditioning industry. Founded in 1899, it is now an independent charity and an educational and scientific body with a membership of 3,000. The institute regularly organises events, conferences, and webinars for its members to discuss elements of the refrigeration industry in detail. Presenting his paper entitled ‘Refrigeration Choices for the Future – Small Industrial Refrigeration Applications’, Dr Lamb will shed light on the best refrigerant choices and replacement alternatives to HFCs for small industrial refrigeration systems. Dr Lamb’s paper aims to aid end users and contractors to select the optimum refrigerant for their application. Small refrigeration systems with capacities of up to 300kW for medium temperature (MT) and high temperature (HT) and up to 150kW for low temperature (LT) applications are often overlooked when discussing the future of refrigerants. “By sharing our knowledge and experience of future proof refrigerants for small industrial refrigeration applications, I hope to highlight the important role they play in providing efficient cooling in a range of environments. This seminar is the perfect opportunity to discuss relevant industry topics and help businesses understand the various refrigerant options available”. At the seminar, Dr Lamb will be joined by David Everington, who will be delivering a paper titled ‘History of Food Freezing Engineering in the UK’. Both topics are set to be greatly received by a large number of attendees and other members who will join the conversation via live webinar. In a separate speech Dr Lamb will talk about his experience of getting to Engineering Council Charter Status through the IoR in the hope it provides guidance to any future undertakers. He will highlight the benefits of becoming a Chartered engineer and will be on hand to offer advice. The industry event will take place on 1st December at 5pm. The location is the Arden Hotel, Coventry Road, Solihull, B92 0EH. To find more information about the seminar or to register free for the event or the webinar, go to: http://www.ior.org.uk/food-and-industrial-refrigeration-overview .


Fourth quarter update on Serabi's gold operations, reporting record annual production for 2016 and exceeding guidance Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, reports record annual production of almost 40,000 ounces of gold, exceeding guidance and provides an operational update for the fourth quarter of 2016 on its wholly owned Palito and Sao Chico gold operations in the Tapajos region of Para State, Northern Brazil. "We are delighted to have exceeded our production guidance with a total of 39,390 ounces of gold being produced for the year which also represents the highest annual gold production from Serabi's operations in the Tapajos region.  The final three months of the year saw another steady quarter of production of approximately 9,400 ounces of gold, to compliment the gold production of the previous three quarters and demonstrating the continued dependable performance of the business. "The mines have performed well.  At Palito the operation continues to perform steadily, although extracted mine grade during the quarter was lower than planned as a result of ore being 'cemented' in two stopes.  This ore is not lost, and is being slowly recovered, but not as fast as we had budgeted.  The production shortfall was partially compensated by more development ore, albeit with a lower gold grade.  This resulted in a Palito head grade for the quarter of 7.4 g/t of gold, compared to 9.5 g/t of gold for the previous quarter.  However, the benefit of this ore development is that the mine is now generating ore from four sectors, Senna, Chico da Santa, G3 and Pipocas with Senna playing an ever increasing role in our production plan.  Production from stoping has not commenced there but, in 2017, we will see a significant level of ore being produced from stoping at Senna. "At Sao Chico, ore development and production continued in line with our plans and grades were excellent, returning over 14 g/t for the quarter.  The main ramp has now reached the 70mRL with the Main Vein intersected.  Development continues on the 100mRL, 86mRL and the new 70mRL.  Stoping is focused on the final blocks on the 186mRL, 156mRL and 140mRL. "As reported last quarter, the plant saw the introduction of the third mill during Q3. This was primarily acquired to establish much needed contingency in the plant and to reduce the impact of unforeseen mechanical problems, essential in a moderately remote operation such as ours. In October and again in December the importance of this contingency planning was demonstrated.  In both months we suffered short-term breakdowns, and the ability to maintain throughputs rates by having a third mill was therefore invaluable. An additional short term benefit of three mills operating has been the increased throughput capacity, allowing us to consume the low grade surface stock that had built up over the past three years. "Approximately 2,800 metres of diamond drilling was completed across the Palito and Sao Chico Mines during the quarter.  The drilling at both sites was a combination of exploration and evaluation drill holes.  At Palito, activities were principally focused on drilling the inferred resource blocks that lie down-dip below the current development levels in the Senna and Pipocas veins, whilst at Sao Chico, drilling focused upon the Main Vein below the lowest current development level at the 70mRL down to the -50mRL.  At Senna, the results were generally good, showing strong down-dip continuity in thickness and grade.  Whilst this sector does not share quite the same high grades as seen in the Palito Main Zone, the structure appears to be geometrically regular, which benefits mining, and intersected grades are in the 6.0 g/t to 9.0 g/t range over widths generally in excess of one metre.   At Sao Chico, a total of 1,300 metres of down dip-drilling also gave satisfying results. In each case the Main Vein was intersected, confirming the strong structural continuity with a good range of grades being reported. "The quarter saw surface exploration recommence at Sao Chico.  As reported last quarter, we acquired the exploration license to the west and south of the Sao Chico Mine last year, and we are very keen to test the potential continuation of the Sao Chico Main Vein into these areas.  During the quarter, we commenced a surface Induced Polarization ("IP") programme to the west and south, and although poor weather caused the work to be suspended it is expected that it will restart during the second quarter of 2017.  The purpose of the programme is to use IP to trace the trend of the Main Vein, which has sufficient sulphides to provide a clear conductivity anomaly, which in turn, will be targeted in a subsequent drill programme. "Since commencing operations in 2014, Serabi has shown steady, modest growth, and whilst this past year we have had to face some pretty strong economic headwinds in terms of gold price and the strengthening of the Brazilian Real, operationally we have had a terrific year.  With both mines operating well, drilling ongoing and exploration recommencing, I look forward to providing regular updates in a year where we hope to see improving margins." Total production for the fourth quarter of 2016 was 9,413 ounces of gold, generated from the processing of the run of mine ("ROM") ore from the Palito and Sao Chico Mines, combined with the Palito surface coarse ore and the stockpiled flotation tailings accumulated from Palito mine production in 2014. Gold production for the fourth quarter came from the processing of 40,485 tonnes of hard rock ROM ore from the Palito and Sao Chico Mines with an average grade of 7.60 g/t of gold.  The total mined ore for the same period was 44,579 tonnes with an average grade of 8.95 g/t of gold.  In addition to the ROM ore, a further 3,039 tonnes of flotation tailings with a grade of 3.82 g/t of gold was processed through the cyanidation plant. At 31st December 2016, there were coarse ore stocks of approximately 21,000 tonnes with an average grade of 4.0 g/t of gold, and approximately 22,000 tonnes of flotation tails with an average grade of 2.5 g/t of gold. Despite the plant expansion to three ball mills during the third quarter, the easy and rapid ore development of the Senna vein, particularly due to its proximity to surface, has meant increasing stock levels during this quarter. A total of 1,928 metres of horizontal development has been completed during the quarter at the Palito Mine, of which 1,172 metres is represented by ore development, with the balance being on the development of ramps, cross cuts and stope preparation.  At the Sao Chico Mine a total of 696 metres of horizontal development was completed, of which 266 metres represents ore development, with much of the balance being ramp development and cross cuts reflecting the on-going deepening of the mine. With 39,390 ounces of gold produced for 2016, the Company feels confident it can forecast expected production for 2017 of 40,000 ounces at an AISC of between $950 and $975 per ounce, which is in line with the cost guidance of 2016. The 2017 guidance of 40,000 ounces is an eight per cent improvement on Serabi's initial guidance for 2016 which was 37,000 ounces. Management hope that, with the production efficiencies and improvements that can be implemented in 2017, Serabi will again be able to improve on its production guidance, as it did in 2016, where the Company exceeded its initial guidance by 6.5 per cent to produce 39,390 ounces. This announcement is inside information for the purposes of Article 7 of Regulation 596/2014. Copies of this announcement are available from the Company's website at www.serabigold.com. Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this announcement. The following is a glossary of technical terms: "assay" in economic geology, means to analyze the proportions of metal in a rock or overburden sample; to test an ore or mineral for composition, purity, weight or other properties of commercial interest. "development" - excavations used to  establish access to the mineralised rock and other workings "grade" is the concentration of mineral within the host rock typically quoted as grams per tonne (g/t), parts per million (ppm) or parts per billion (ppb). "granodiorite" is an igneous intrusive rock similar to granite. "igneous" is a rock that has solidified from molten material or magma. "Intrusive" is a body of igneous rock that invades older rocks. "on-lode development" - Development that is undertaken in and following the direction of the Vein "mRL" - depth in metres measured relative to a fixed point - in the case of Palito and Sao Chico this is sea-level.  The mine entrance at Palito is at 250mRL. "stoping blocks" - a discrete area of mineralised rock established for planning and scheduling purposes that will be mined using one of the various stoping methods. "vein" is a generic term to describe an occurrence of mineralised rock within an area of non-mineralised rock. Qualified Persons Statement The scientific and technical information contained within this announcement has been reviewed and approved by Michael Hodgson, a Director of the Company. Mr Hodgson is an Economic Geologist by training with over 26 years' experience in the mining industry. He holds a BSc (Hons) Geology, University of London, a MSc Mining Geology, University of Leicester and is a Fellow of the Institute of Materials, Minerals and Mining and a Chartered Engineer of the Engineering Council of UK, recognising him as both a Qualified Person for the purposes of Canadian National Instrument 43-101 and by the AIM Guidance Note on Mining and Oil & Gas Companies dated June 2009. Forward Looking Statements Certain statements in this announcement are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although any forward looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements.


News Article | November 13, 2015
Site: news.mit.edu

Buildings should be green and energy-efficient. Vapor intrusion is the biggest risk to building decay. Engineering challenges in estimating construction and replacement costs remain elusive. And architects and engineers at the largest institutional banks, pension funds, and investment firms are eager to understand the inventions and innovations that will undergird a better-built environment. These were the central takeaways from a recent meeting of the Architectural and Engineering Council of the National Association of Real Estate Investment Managers (NAREIM), hosted at the MIT Center for Real Estate (CRE). NAREIM is a national organization dedicated to studying best practices for the built environment, reducing risk for stakeholders, and establishing effective and productive relationships with developers. The Architecture and Engineering session hosted at MIT focused on the technical and strategic details of development and redevelopment. “This group is keenly focused on the future of the built environment. Bringing together NAREIM members with MIT researchers resulted in a fascinating and productive exchange,” said Andrea Chegut, the CRE research scientist who organized the conference for MIT. “The MIT academics learned from this group of architects and engineers responsible for active projects around the world, and participants gained a window into cutting-edge research at MIT with the potential to influence the industry.” NAREIM members manage investment capital on behalf of third-party investors in commercial real estate assets such as office, retail, multi-family, industrial, and hotels. According to the NAREIM website, its members collectively manage over a trillion dollars of investments assets. "There is a broad range of forces, ranging from global capital to new technologies and behaviors of millions of people who use, share, and invest in the built environment, that are pushing us to re-think what our industry can and should do,” said Gunnar Branson, president and CEO of NAREIM. “We have no choice but to challenge assumptions, understand potential future scenarios, and build better strategies. It would be difficult to imagine a more appropriate setting and better experts to help real estate leaders uncover the future of their industry than the MIT Center for Real Estate." “We tried to offer a program that showed how engineering, design, and finance partnerships can generate buildings that are more sustainable, cost-effective, and valuable over their full lifecycle,” Chegut said. “It was wonderful to offer this forum for NAREIM members to come together to discuss the future of the industry. We’d love to host NAREIM at MIT again.”


LONDON, Nov. 14, 2016 (GLOBE NEWSWIRE) -- Serabi Gold (AIM:SRB) (TSX:SBI), the Brazilian focused gold mining and development company has reported record gold production for the third quarter of 2016 and Cash Costs of production for the year to date of US$772 per ounce.  Today, the Company releases its unaudited interim financial results for the three and nine month periods ending 30 September 2016 and, at the same time, has published its Management’s Discussion and Analysis for the same period. (1)The Sao Chico Mine was only declared to be in Commercial Production with effect from 1 January 2016 and all costs and revenues relating to this mine were capitalised prior to this date.  The Income Statements for 2015 therefore only reflect the revenues and costs arising from the gold produced from the Palito Mine and the Cash Cost and AISC for the 2015 comparative period therefore also only reflect the activities from the Palito Mine. (2) Excludes gold production of 1,984 ounces from the Sao Chico Mine which was not in commercial production during 2015. (3) Gold production figures are subject to amendment pending final agreed assays of the gold content of the copper/gold concentrate and gold doré that is delivered to the refineries. (1) Gold production figures are subject to amendment pending final agreed assays of the gold content of the copper/gold concentrate and gold doré that is delivered to the refineries. (2) Gold production totals for 2016 include treatment of 13,227 tonnes of flotation tails. “The third quarter has produced another satisfying result, both operationally and financially.  Gold production of 10,233 ounces was another successive record quarter being a three per cent improvement on the preceding quarter. Record levels of mined and milled tonnages were also achieved in the quarter.  Gross profit from operations has improved quarter on quarter and the pre-tax profit of US$743,000 is a significant improvement over the preceding quarter.  At the same time, we continue to strengthen the balance sheet and pay down debt reflected in the improvement in the current asset position of the Company. “During the third quarter we have changed customer for our copper/gold concentrate production.  This change has brought with it improved payment terms but under IFRS, it has also accelerated the date on which the sale of a consignment copper/gold concentrate occurs.  As a result, the third quarter results have benefitted from the recognition of a one-off additional sale, together with the associated production costs, of 160 tonnes of concentrate being recognised in the quarter.  This also reflected in the balance sheet as the production costs of this 160 tonne shipment are no longer carried as inventory (valued at the cost of production) as they would have been in preceding periods, but as a receivable for the sales value of the shipment. “The balance sheet has also been strengthened by the retirement in the quarter of approximately US$3.33 million of debt.  We continue to repay the US$8 million debt facility from Sprott Resource Lending Partnership which as at the end of October 2016 has been reduced to approximately US$1.0 million. In addition, the financial position has been improved through the conversion, by Fratelli Investment Limited, of its US$2 million convertible loan which occurred during August 2016. “The cash position is slightly lower than at the end of June 2016, but this reflects the settlement for this 160 tonnes shipment of concentrate that left Brazil at the end of September for which payment only occurred in the first few days of the following month.  The change in customer has eliminated the need for the US$7.5 million short term trade finance arrangements that the Company has had in place for some three years which financed the concentrate sales for approximately four months prior to any initial settlement being received from the smelter.  This change is therefore expected to bring significant savings in finance costs in the future. “Whilst our costs, in local currency terms, continue to be relatively steady, the Brazilian economy and therefore the Brazilian Real have continued to benefit from high inward investment flows, supplemented by tax inflows from previously undeclared foreign income and investment holdings that have been stimulated by a short-term amnesty.  These inward flows have continued to support the currency, though with the amnesty coming to an end, there has been some recent weakening.  We continue to evaluate all opportunities to improve our cost base and improve gold recovery to maintain and improve margins.” (1) All revenue and expenses arise from continuing operations. (2) The Group has no non-controlling interests and all losses are attributable to the equity holders of the parent company. The interim financial information has not been audited and does not constitute statutory accounts as defined in Section 434 of the Companies Act 2006. Whilst the financial information included in this announcement has been compiled in accordance with International Financial Reporting Standards (“IFRS”) this announcement itself does not contain sufficient financial information to comply with IFRS.  The Group statutory accounts for the year ended 31 December 2015 prepared under IFRS as adopted in the EU and with IFRS and their interpretations adopted by the International Accounting Standards Board have been filed with the Registrar of Companies following their adoption by shareholders at the Annual General Meeting. The auditor’s report on these accounts was unqualified but did contain an Emphasis of Matter with respect to the Company and the Group regarding Going Concern.  The auditor’s report did not contain a statement under Section 498 (2) or 498 (3) of the Companies Act 2006. 1) Other reserves comprise a merger reserve of US$361,461 (2015: merger reserve of US$ 361,461 and warrant reserve of US$88,801) 1.             General Information The financial information set out above does not constitute statutory accounts as defined in Section 434 of the Companies Act 2006. Whilst the financial information included in this announcement has been compiled in accordance with International Financial Reporting Standards (“IFRS”) this announcement itself does not contain sufficient financial information to comply with IFRS. A copy of the statutory accounts for 2015 was filed with the Registrar of Companies following their adoption by shareholders at the next Annual General Meeting.  The full audited financial statements for the years end 31 December 2015 do comply with IFRS. 2.             Basis of Preparation These interim accounts are for the three and nine month periods ended 30 September 2016. Comparative information has been provided for the unaudited three and nine month periods ended 30 September 2015 and, where applicable, the audited twelve month period from 1 January 2015 to 31 December 2015. The accounts for the periods have been prepared in accordance with International Accounting Standard 34 “Interim Financial Reporting” and the accounting policies are consistent with those of the annual financial statements for the year ended 31 December 2015 and those envisaged for the financial statements for the year ending 31 December 2016. The Group has not adopted any standards or interpretation in advance of the required implementation dates.  It is not anticipated that the adoption in the future of the new or revised standards or interpretations that have been issued by the International Accounting Standards Board will have a material impact on the Group’s earnings or shareholders’ funds. These financial statements do not constitute statutory accounts as defined in Section 434 of the Companies Act 2006. Going concern and availability of project finance Having commenced initial development activities for the Sao Chico Mine at the end of 2014, this mine was in development throughout 2015.  On 1 February 2016, the Group announced that, with effect from 1 January 2016, the Sao Chico Mine had achieved Commercial Production.  The Palito Mine has been in Commercial Production since 1 July 2014. The Directors anticipate the Group now has access to sufficient funding for its immediate projected needs.  The Group expects to have sufficient cash flow from its forecast production to finance its on-going operational requirements to repay its secured loan facilities and to, at least in part, fund exploration and development activity on its other gold properties.   The secured loan facility is repayable by 31 December 2016 and at 30 September 2016, the amount outstanding under this facility was US$1.33 million. However, the forecasted cash flow projections for the remainder of 2016 include a continuing significant increase in production from the Sao Chico Mine compared with the preceding calendar year.  Whilst the Group has declared Commercial Production at the Sao Chico Mine, there are risks associated with the commencement of any new mining operation whereby unforeseen technical and logistical events result in additional costs needing to be incurred, giving rise to the possibility that additional working capital may be required. Additionally, the Group is exposed to changes in gold price and currency exchange rates. Should additional working capital be required the Directors consider that further sources of finance could be secured within the required timescale. On this basis, the Directors have therefore concluded that it is appropriate to prepare the financial statements on a going concern basis. However, there is no certainty that such additional funds either for working capital or for future development will be forthcoming and these conditions indicate the existence of a material uncertainty which may cast significant doubt over the Group’s ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business.  The financial statements do not include the adjustments that would result if the Group was unable to continue as a going concern. (1) Assumes exercise of all options and warrants outstanding as of that date. (2) As the effect of dilution is to reduce the loss per share, the diluted loss per share is considered to be the same as the basic loss per share. Between the end of the financial period and the date that the financial statements were approved by the Board of Directors there has been no item, transaction or event of a material or unusual nature likely, in the opinion of the Directors of the Company, to affect significantly the continuing operations of the company, the results of these operations, or the state of affairs of the Company in future financial periods. This announcement is inside information for the purposes of Article 7 of Regulation 596/2014. Copies of this announcement are available from the Company's website at www.serabigold.com. Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this announcement. The Company will, in compliance with Canadian regulatory requirements, post the Unaudited Interim Financial Statements and the Management Discussion and Analysis for the three month and the nine month periods ended 30 September 2016 on SEDAR at www.sedar.com.  These documents will also available from the Company’s website – www.serabigold.com. GLOSSARY OF TERMS The following is a glossary of technical terms: “Au” means gold.  “assay” in economic geology, means to analyse the proportions of metal in a rock or overburden sample; to test an ore or mineral for composition, purity, weight or other properties of commercial interest. “development” - excavations used to  establish access to the mineralised rock and other workings “doré – a semi-pure alloy of gold silver and other metals produced by the smelting process at a mine that will be subject to further refining. “DNPM” is the Departamento Nacional de Produção Mineral. “grade” is the concentration of mineral within the host rock typically quoted as grams per tonne (g/t), parts per million (ppm) or parts per billion (ppb). “g/t” means grammes per tonne. “granodiorite” is an igneous intrusive rock similar to granite. “igneous” is a rock that has solidified from molten material or magma. “Intrusive” is a body of igneous rock that invades older rocks. “on-lode development” - Development that is undertaken in and following the direction of the Vein  “mRL” – depth in metres measured relative to a fixed point – in the case of Palito and Sao Chico this is sea-level.  The mine entrance at Palito is at 250mRL. “saprolite” is a weathered or decomposed clay‐rich rock. “stoping blocks” – a discrete area of mineralised rock established for planning and scheduling purposes that will be mined using one of the various stoping methods.  “Vein” is a generic term to describe an occurrence of mineralised rock within an area of non-mineralised rock. Qualified Persons Statement The scientific and technical information contained within this announcement has been reviewed and approved by Michael Hodgson, a Director of the Company. Mr Hodgson is an Economic Geologist by training with over 26 years' experience in the mining industry. He holds a BSc (Hons) Geology, University of London, a MSc Mining Geology, University of Leicester and is a Fellow of the Institute of Materials, Minerals and Mining and a Chartered Engineer of the Engineering Council of UK, recognising him as both a Qualified Person for the purposes of Canadian National Instrument 43-101 and by the AIM Guidance Note on Mining and Oil & Gas Companies dated June 2009. Forward Looking Statements Certain statements in this announcement are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ‘‘believe’’, ‘‘could’’, “should” ‘‘envisage’’, ‘‘estimate’’, ‘‘intend’’, ‘‘may’’, ‘‘plan’’, ‘‘will’’ or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors’ current expectations and assumptions regarding the Company’s future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors’ current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although any forward looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements.


News Article | February 21, 2017
Site: www.eurekalert.org

TORONTO, ON (Canada) - A University of Toronto (U of T) study on fruit flies has uncovered a gene that could play a key role in obesity in humans. The paper published online this month in Genetics examines a "foraging gene" humans share in common with the flies, which plays multiple roles and is found in similar places, such as the nervous system, in the muscle and in fat. "What our study does is nails the gene for being very important for the traits of moving, feeding and fat storage," says University Professor Marla Sokolowski of the Department of Ecology & Evolutionary Biology (EEB) in U of T's Faculty of Arts & Science. In nature, fruit flies called "rovers" with high amounts of the gene tend to move a lot, eat very little and stay lean, while flies with low amounts of for called "sitters" are the opposite. The foraging gene encodes a cell signalling molecule called a cGMP dependent protein kinase. The same could apply to obesity in humans. "When we say the foraging gene is the same, what we're saying is that when you look at the DNA sequences of the human and the fly there is a lot of similarity, enough that you can see it's the fly version of the gene that the human has," says Sokolowski. "So you could imagine if you are a fly, preferences for sugar, the tendency to store a lot of fat and the tendency to move less could all be contributing to the likelihood of being more obese if you have low levels of this gene, or to be leaner if you have higher levels." Such similarities between species are known as orthologs, meaning they are genes that evolved from a common ancestor eons ago. When scientists first started mapping human genomes and comparing them to other organisms, they were shocked to discover humans don't have that many more genes than flies do. Sokolowski says the research is another part of the puzzle, and the beginning of our understanding of how what was once considered "junk DNA" is actually very important for regulating key characteristics such as behaviour and metabolism. "No one has analyzed it in the way we have in flies, but it's a hint from the fly. The fly has been an excellent model organism to understand mammalian behaviour and metabolism, and so this work can point to places to look further in humans," says Sokolowski. The study involved a technique called recombineering to manipulate DNA at the molecular level, so as to remove and then reinsert the gene in various doses to see the effects on behaviour and metabolism. Lead author Aaron Allen was a PhD student in cell & systems biology at U of T when the work was done, and he was assisted by Sokolowski, fellow EEB student Ina Anreiter, and Oxford University collaborator Megan Neville, who taught Allen the technique. "This kind of work is actually so cutting-edge that it takes a really good student to learn how to do this and then bring the technique back to the lab," says Sokolowski. "To be able to take a gene of this large size and complexity and put it back in the fly so that it works is almost at the edge of what is possible." Sokolowski says it's particularly interesting that one gene should have multiple roles in feeding and obesity in the body, a characteristic known as pleiotropy. The next question would be how exactly it plays multiple roles. "Lots of genes have multiple roles, but the idea here is that this gene may be involved in the coordination of roles in traits important for feeding and obesity." "We don't know much about pleiotropy, or how it happens, or how it's regulated at the level of the molecules. So this sets the groundwork to be able to look at that in detail." The research was supported by grants from the Natural Sciences and Engineering Council of Canada (NSERC) and the Canadian Institutes for Health Research (CIHR). 1) The study "Feeding-Related Traits Are Affected by Dosage of the foraging Gene in Drosophila melanogaster" is available at http://www. . Marla Sokolowski Department of Ecology & Evolutionary Biology, Faculty of Arts & Science University of Toronto marla.sokolowski@utoronto.ca 1+647-330-6398

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