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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 14, 2016) - GMV Minerals Inc. (the "Company" or "GMV") (TSX VENTURE:GMV) is pleased to announce that it has made application to the Arizona State Land Department (ASLD) for two additional exploration permits which directly adjoin the northern boundaries of its Mexican Hat gold exploration project located in S.E. Arizona. GMV has filed to acquire a 100% interest in Permit No.'s 08-119123 & 08-119124 covering Township 18 South, Range 25 East, (Sections 33 and 34 respectively). The two exploration permits are located adjacent to the north of the Company's claims and 500 metres north of the Hernandez Hill epithermal gold target. The favourable Tertiary volcanic rocks and structures that host the mineralization currently being assessed by the Company are projected onto these licenses. The Company is also pleased to announce that it has received notification from the Bureau of Land Management that it may proceed to drill its newly discovered epithermal target (see NR dated December 6, 2016) subject to receipt of the reclamation bond which has now been posted. The Company has engaged American Drilling Corp. and expects that drilling will commence on this target in early January 2017. GMV also reports that Zonge International has commenced an expanded AMT survey, stepping out to the north, south and east of the test survey and including the Hernandez Hill area. In addition, the Company announces that, subject to regulatory approval, it has granted incentive stock options to certain directors, officers, and consultants to purchase up to an aggregate of 880,000 common shares exercisable on or before December 13, 2021 at a price of $0.60 per share. Dr. D.R. Webb, Ph.D., P.Geol., P.Eng. is the Q.P. for this release within the meaning of NI 43-101 and has reviewed the technical content of this release and has approved its content. GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly referred to as the Mexican Hat project, located in Cochise County, Arizona, USA. The Mexican Hat property contains an inferred mineral resource of 23,452,000 tonnes grading 0.70 grams of gold per tonne hosting 531,400 troy ounces of gold. The project was initially explored by Placer Dome (USA) in the late 1980's to early 1990's. GMV is focused on developing the asset and realizing the full mineral potential of the property through near term gold production. ON BEHALF OF THE BOARD OF DIRECTORS Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements based on assumptions and judgments of management of the Company regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements except as may be required by law.


News Article | February 27, 2017
Site: www.marketwired.com

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 27, 2017) - GMV Minerals Inc. (the "Company" or "GMV") (TSX VENUTRE:GMV) is pleased to announce preliminary results for another drill hole from its recently completed reverse circulation drill program designed to extend the known mineralization on its Mexican Hat gold property in S.E. Arizona. As was the case in the previous news releases (See: NR Feb 1 & Feb 21, 2017), this hole is expected to add to the existing resource. The current NI #43-101 resource was calculated with a 0.2 gpt gold cut-off, so all assays that exceed the cut off are considered material and further support an open pit heap leach extraction model. The Company wishes to release preliminary results for GMV 2016-11, with An additional 64-metres of RC chips are still pending. The last four 3-metre samples of the long intersection (to 82.3 metres) ran 0.66, 0.55, 0.19, and 0.68 gpt gold, respectively. The last ten assays between 149.4 metres and 185.9 metres were generally low with one 3-metre sample grading 0.20 gpt and two 3-metre intersections at or near 0.1 gpt. Results for the interval between 82.3 metres and 146.3 metres remains to be reported by the analytical lab. Ian Klassen, GMV's CEO stated: "This is an exceptional intersection, in terms of thickness, for Mexican Hat. It was drilled at azimuth 270°(due west) and is bracketed to the east and west by RC holes GMV 2016-1 and -3 which had been drilled at azimuth 180°(due south) testing to see if the north-dipping 120°striking H Zone was the only structure in the area. We believe that we have encountered new zones that are better tested with more east to west oriented drill holes. The Company plans to continue testing in this area to better define and expand this new discovery." The Company also wishes to clarify the sub-heading on its news release issued on Tuesday, February 21, 2017. The sub-heading included a cumulative intersection width and weighted grade calculation. These are used by the Company to assess drill holes where multiple gold bearing zones are encountered. It was inadvertently included in the final release and should have not been reported, or reported as a "cumulative" figure. The tabulated figures presented in that release are correct and can be relied upon. Management regrets the error and wishes to thank those interested parties who have brought it to the attention of the Company. RC samples were collected using a rotary splitter at the drill, bagged, dried, and shipped by commercial carrier to Inspectorate America Corporation Laboratories in Sparks, Nevada. Certified standards and blanks were inserted into the sample stream prior to shipping, and laboratories standards, blanks and duplicates were analyzed and reported. Samples were prepared using PRP70-250 and analyzed using FA330 (fire assay) and AQ251 (ICP) methods. All gold values are reported from the FA330 results. All standards and duplicates reported acceptable results. Dr. D.R. Webb, Ph.D., P.Geo., P.Eng. is the Q.P. for this release within the meaning of NI 43-101 and has reviewed the technical content of this release and has approved its content. GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly referred to as the Mexican Hat project, located in Cochise County, Arizona, USA. The Mexican Hat property contains an inferred mineral resource of 23,452,000 tonnes grading 0.70 grams of gold per tonne hosting 531,400 troy ounces of gold. The project was initially explored by Placer Dome (USA) in the late 1980's to early 1990's. GMV is focused on developing the asset and realizing the full mineral potential of the property through near term gold production. ON BEHALF OF THE BOARD OF DIRECTORS Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements based on assumptions and judgments of management of the Company regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements except as may be required by law.


VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 21, 2017) - GMV Minerals Inc. (the "Company" or "GMV") (TSX VENTURE:GMV) is pleased to report preliminary results from two additional holes from its recently completed reverse circulation drill program designed to extend the known mineralization on its Mexican Hat gold property in S.E. Arizona. As was the case in the first batch of holes reported on February 1, 2017, both holes are adding to the existing resource. The Company is pleased to announce that it has extended the known area of mineralization in the north of the Mexican Hat deposit by approximately 120 metres. The current NI #43-101 resource was calculated with a 0.2 gpt gold cut-off, so all assays that exceed the cut off are considered material and further support an open pit heap leach extraction model. The intersections on GMV 2016-8 are an approximately 30-meter lateral step out to the northeast on zones AN, A, and B, and are 30 meters deeper on the AN zone, 20 meters deeper on the A zone, and 20 meters deeper on the B zone. The intersections in GMV 2016-7 are similar lateral step outs as in GMV 2016-8. The two new intersections are located above 130 meters downhole (the first two intercepts in hole 2016-7-see below) and both are newly discovered zones. The Company is also pleased to confirm that this hole hit the AN zone 100 meters below previous drilling, 120 meters below previous intercepts on A zone, and 100 meters deeper on B zone. The Company wishes to confirm that some infill sampling is pending on these two holes which may add to the reported intercepts' grade and length. Both of these holes intersected multiple fractured hematite-bearing zones, typically associated with the known mineralization. Significant intersections occurred in both holes and include: The results from five additional holes are pending. Ian Klassen, GMV's CEO remarked, "We are pleased with these additional assays. As per our recent announcement on February 1, not only have we been able to extend the H2 Zone and encounter additional mineralization to the southeast, beyond the previous limits of our resource, but now we have also done the same to the northeast of the deposit. These results give us some of the deepest cuts into our zones and should translate well into additional tonnage and ounces." RC samples were collected using a rotary splitter at the drill, bagged, dried, and shipped by commercial carrier to Inspectorate America Corporation Laboratories in Sparks, Nevada. Certified standards and blanks were inserted into the sample stream prior to shipping, and laboratories standards, blanks and duplicates were analyzed and reported. Samples were prepared using PRP70-250 and analyzed using FA330 (fire assay) and AQ251 (ICP) methods. All gold values are reported from the FA330 results. All standards and duplicates reported acceptable results. The Company also wishes to confirm that diamond drilling at the Hernandez Hill, a newly discovered epithermal target 500 m northeast of the Mexican Hat mineralization has now concluded, and logging, sampling and assaying is in progress. This target was identified by geology and surficial geochemistry and supported by recent AMT geophysical survey. The metallurgical testing on the Company's bulk sample from Mexican Hat is completed and final assays on the residue are in progress at the lab. A detailed news release on this test will be issued once the results have been received. Dr. D.R. Webb, Ph.D., P.Geo., P.Eng. is the Q.P. for this release within the meaning of NI 43-101 and has reviewed the technical content of this release and has approved its content. GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly referred to as the Mexican Hat project, located in Cochise County, Arizona, USA. The Mexican Hat property contains an inferred mineral resource of 23,452,000 tonnes grading 0.70 grams of gold per tonne hosting 531,400 troy ounces of gold. The project was initially explored by Placer Dome (USA) in the late 1980's to early 1990's. GMV is focused on developing the asset and realizing the full mineral potential of the property through near term gold production. ON BEHALF OF THE BOARD OF DIRECTORS Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements based on assumptions and judgments of management of the Company regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements except as may be required by law.


News Article | December 1, 2016
Site: www.marketwired.com

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 1, 2016) - GMV Minerals Inc. (the "Company" or "GMV") (TSX VENTURE:GMV) is pleased to announce that its drill program is proceeding on schedule with completion of the first four holes on the Mexican Hat gold property. An additional ten drill holes are planned. The drill program has been designed to increase resources, primarily consisting of step outs along strike and to depth of known mineralization. The Company has initially targeted the extension of the southeast trending H2 Zone, the southern-most mineralized zone that has been traced for 600 metres along strike. The Company is pleased to confirm that all four holes drilled thus far, have encountered the targeted H2 Zone, including steps outs of up to 500 meters southeast of the current resource. All drill holes completed to date have encountered multiple structural zones with intense hematization. At Mexican Hat, hematized zones carry the gold within the Company's current resource, however, these new intercepts require lab assay to confirm that they are also mineralized with gold. One of the drill holes was extended 100 meters into the footwall of the H2 Zone where it encountered multiple zones of hematite alteration over total widths of 80 meters. This is interpreted to be a new zone encountering sedimentary rocks of the underlying Bisbee Group. Bisbee Group rocks are known to host significant mineralization in the district but until now had not been encountered on the Mexican Hat property. The Company is very pleased with the identification of additional exploration targets. In conjunction with the drill program, a test geophysical survey consisting of two 500 meter lines across a portion of the known mineralization utilizing AMT techniques has been completed. This method was selected to trace resistivity profiles correlating with structural zones cross-cutting the host rocks. The test has shown that the structures can be traced to depths greater than 650 meters, and additional, unknown structures have been identified. A full survey covering an expanded area is being planned. Dr. D.R. Webb, B.A.Sc., M.Sc., Ph.D., P.Geo. is the Q.P. for this release within the meaning of NI 43-101 and has reviewed the technical content of this release and has approved its content. GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly referred to as the Mexican Hat project, located in Cochise County, Arizona, USA. The Mexican Hat property contains an inferred mineral resource of 23,452,000 tonnes grading 0.70 grams of gold per tonne hosting 531,400 troy ounces of gold. The project was initially explored by Placer Dome (USA) in the late 1980s to early 1990s. GMV is focused on developing the asset and realizing the full mineral potential of the property through near term gold production. ON BEHALF OF THE BOARD OF DIRECTORS Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements based on assumptions and judgments of management of the Company regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements except as may be required by law.


VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 6, 2016) - GMV Minerals Inc. (the "Company" or "GMV") (TSX VENTURE:GMV) is pleased to announce that it has discovered new drill targets within the central portion of its Arizona property. A new target, known as the Hernandez Hill, is located approximately 500 meters northeast of the existing Mexican Hat gold resource and is defined by geology and soil geochemistry. Currently, GMV is conducting a fourteen hole drill program to expand the known inferred mineral resource of 23,452,000 tonnes hosting 531,400 troy ounces of gold. Based on soil geochemistry and recent mapping, it is believed that the Hernandez Hill target may be the top of an epithermal precious metal deposit. The distribution of anomalous pathfinder elements is characteristic of the upper levels of gold and silver bearing epithermal systems that are common in the Basin and Range of the southwestern US. This is a new deposit style at Mexican Hat and represents a strong and compelling drill target. Drill permits for the Hernandez Hill area have now been submitted. The Company is excited about this new discovery, and intends to drill the target in January 2017 using a diamond drill rig. This target has been identified as a result of a comprehensive soil geochemistry sampling survey designed to test areas covered with quaternary sand deposits outboard from Mexican Hat hill, all of which have some component of colluvial and alluvial material. In general, the eastern margins of the Mexican Hat deposit are well defined, with fluvial and alluvial dispersion of most elements persisting for kilometers to the limits of the survey to the east. An unexpected and coincident mercury, antimony, and arsenic anomaly with anomalous gold values was identified at the northeastern portion of our survey. The anomalous area contains two topographic highs that constrain the derivation of these soils and which include areas of outcrop exposure, which is otherwise rare away from Mexican Hat hill itself. The topographic highs are underlain by a well fractured andesite that is silicified with chalcedony and opaline quartz. The andesite is overlain by a fiamme-bearing rhyolite ash tuff that is micro-fractured and silicified. Carbonate, which is ubiquitous at Mexican Hat is noticeably rare within this silicified zone. Overall, the silicified rocks cover an area >600 meters long, open to the northeast and at least 500 meters wide. Quaternary cover limits estimates of the total extent of this anomaly to the north and east. The soil sampling program is being expanded to the north to provide better coverage of this target and a lithogeochemical program of the silicified region will be completed in the next two weeks. Ian Klassen, GMV's CEO stated, "We're quite surprised by this discovery. The combination of a strong pathfinder geochemical signature, including gold, and a broad area of silicification and alteration is a classic epithermal target. Areas of chalcedonic and opaline quartz and silica flooding are commonly found near the top of epithermal systems that my contain economic concentrations of gold and silver. There is no record of this area of the Mexican Hat property receiving meaningful exploration in the past. This is the sort of target that would have been drilled decades ago had it been found in one of Nevada's or Arizona's better known gold belts. Management views this as a potentially game-changing target and we've submitted permits so we can drill test it as soon as possible using a core rig. This testing is in addition to the ongoing reverse circulation drill program that is ongoing to expand the current Mexican Hat resource." The soil geochemical survey was completed in November and encompassed a total of 663 samples that were collected from 19 lines spaced 100 meters apart east of the known mineralization. QA/QC included the insertion of 78 certified standards and blanks, all under the supervision of Brian Malahoff, P.Geol. Samples were collected in industry standard methods, were dried at 60° C, sieved up to 100 g to -180 microns (80 mesh) up to 1 kg samples (Analytical Code: SS80). The samples were analyzed by an ultra-trace analysis, aqua regia digestion with ICP-MS finish for 37 element package (Analytical Code: AQ250). The Company has posted the soil results on its new website at www.gmvminerals.com/projects/mexican-hat/maps-sections/. Dr. D.R. Webb, B.A.Sc., M.Sc., Ph.D., P.Geo. and Brian Malahoff, P. Geol are joint Q.P.s for this release within the meaning of NI 43-101. Both have reviewed the technical content of this release and have approved its content. GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly referred to as the Mexican Hat project, located in Cochise County, Arizona, USA. The Mexican Hat property contains an inferred mineral resource of 23,452,000 tonnes grading 0.70 grams of gold per tonne hosting 531,400 troy ounces of gold. The project was initially explored by Placer Dome (USA) in the late 1980s to early 1990s. GMV is focused on developing the asset and realizing the full mineral potential of the property through near term gold production. ON BEHALF OF THE BOARD OF DIRECTORS Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements based on assumptions and judgments of management of the Company regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements except as may be required by law.


News Article | November 18, 2016
Site: www.marketwired.com

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES GMV Minerals Inc. (the "Company" or "GMV") (TSX VENTURE:GMV) is pleased to announce that its drill program is underway at its Mexican Hat gold property in S.E. Arizona. The Company's 14-hole reverse circulation drilling program is specifically designed to expand mineral resources to the west, east and south of the existing Mexican Hat gold resource. The drill program will test along strike of the known mineralization and to the southeast where a previous operator identified significant gold mineralization. The program will also test down to a depth of 300m per hole to explore mineralization below historical drilling of 200m from surface. In addition, the Company reports that its run of mine (ROM) testing in a large column leach is still recovering economically significant gold after 119 days under leach. At the recommendation of John Fox, P.Eng., our consulting metallurgist, and in discussion with the Dr. Alice Shi at Bureau Veritas, GMV will continue to leach this material until no further significant gold values are recovered. Ian Klassen, GMV's CEO commented, "Upon concluding the bulk sample leach test, the remaining rock in the test will be assayed to confirm the reconciled head grades and subsequently the exact percentage of recovery. We eagerly await those results." The Company will issue updates on its geochemical and geophysical surveys when they are complete. GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly referred to as the Mexican Hat project, located in Cochise County, Arizona, USA. The Mexican Hat property contains an inferred mineral resource of 23,452,000 tonnes grading 0.70 grams of gold per tonne hosting 531,400 troy ounces of gold. The project was initially explored by Placer Dome (USA) in the late 1980's to early 1990's. GMV is focused on developing the asset and realizing the full mineral potential of the property through near term gold production. ON BEHALF OF THE BOARD OF DIRECTORS Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements based on assumptions and judgments of management of the Company regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements except as may be required by law.


News Article | February 23, 2017
Site: globenewswire.com

Le résultat net des activités abandonnées est de 150 millions d'euros et représente un BNPA ajusté des éléments non-récurrents de -0,41 euro et est principalement constitué : i) du produit de 546 millions d'euros réalisé sur le transfert de Cnova Brésil à Via Varejo au 4ème trimestre 2016, ii) du résultat net cumulé de -220 millions d'euros de Cnova Brésil au 31 octobre 2016 (date de son transfert à Via Varejo), et iii) de -178 millions d'euros de pertes de change liées à Cnova Brésil auparavant enregistrées en capitaux propres. Le résultat net des activités abandonnées est de 341 millions d'euros et représente un BNPA ajusté des éléments non-récurrents de -0,07 euro, et est principalement constitué : i) du produit de 546 millions d'euros réalisé sur le transfert de Cnova Brésil à Via Varejo au 4ème trimestre 2016, ii) du résultat net mensuel de -17 millions d'euros de Cnova Brésil au 31 octobre 2016 (date de son transfert à Via Varejo), et iii) de -178 millions d'euros de pertes de change liées à Cnova Brésil auparavant enregistrées en capitaux propres. La Société a déposé un formulaire « Form 25 » auprès de la U.S. Securities and Exchange Commission (la "SEC") le 21 février 2017, afin de mettre en oeuvre le retrait volontaire de ses actions ordinaires d'une valeur nominale de 0,05 euro (les "actions ordinaires") de la cote du NASDAQ et  mettre fin à l'enregistrement de celles-ci en vertu de l'article 12(b) du U.S. Securities Exchange Act de 1934, tel que modifié (l'"Exchange Act"). Le retrait des actions ordinaires de la cote du NASDAQ devrait être effectif le 3 mars 2017. La Société a également l'intention de déposer un formulaire « Form 15 » auprès de la SEC le 3 mars 2017 ou peu après afin de suspendre ses obligations de reporting US prévues par l'Exchange Act. Le présent communiqué de presse contient des déclarations de nature prospective (forward-looking statements). Ces déclarations prospectives sont généralement identifiables par le fait qu'elles utilisent des termes tels que « anticiper », « supposer », « croire », « continuer », « pouvoir », « estimer », « s'attendre à », « avoir pour objectif », « planifier », « potentiel », « prédire », « projeter », « futur », « rechercher » ou de termes ou expressions similaires. Des exemples de déclaration de nature prospective incluent, mais ne se limitent pas à, des déclarations faites au sujet de la possibilité, du calendrier et des conditions de la transaction envisagée et de l'offre y afférente sur les actions de Cnova en circulation par Casino, Guichard-Perrachon (« Casino »), actionnaire de contrôle de la Société. Les déclarations prospectives contenues dans le présent communiqué de presse sont fondées sur les attentes et les prévisions actuelles de la direction de Cnova et sont sujettes à de nombreux risques, incertitudes et changements de circonstances, difficilement prévisibles et généralement en dehors du contrôle de Cnova. D'importants facteurs peuvent impliquer que les résultats effectivement réalisés par Cnova diffèrent significativement de ceux qui sont exprimés dans les déclarations prospectives, parmi lesquels : l'impact éventuel du rapprochement entre Cnova Brésil, Via Varejo et Cnova, sur la capacité de Cnova de recruter et conserver du personnel clé, de conserver ses relations avec ses clients et ses fournisseurs, et de manière plus générale de maintenir ses résultats opérationnels et son activité; le dénouement d'éventuelles procédures juridiques qui pourraient être intentées contre Cnova ou d'autres,  liées au rapprochement entre Cnova Brésil, Via Varejo et Cnova ; l'évolution de l'environnement économique, commercial, concurrentiel, réglementaire au niveau mondial, national, régional ou local ; ainsi que d'autres facteurs décrits dans la section « Facteurs de risque » du rapport annuel aux Etats-Unis pour l'exercice clos le 31 décembre 2015 sous la forme du formulaire 20-F déposé auprès de la SEC le 22 juillet 2016, et dans tout autre document déposé auprès de celle-ci. Les déclarations prospectives contenues dans le présent communiqué de presse sont données uniquement à la date du présent communiqué de presse. Les facteurs ou événements susceptibles d'entraîner une variation significative des résultats effectivement réalisés par Cnova par rapport aux déclarations contenues dans le présent communiqué de presse sont aléatoires, de sorte qu'il n'est pas possible pour Cnova d'anticiper tous ces facteurs ou événements. En dehors de toute obligation légale ou réglementaire à sa charge, Cnova ne prend aucun engagement de publier des mises à jour des déclarations prospectives, que ce soit en raison d'éléments nouveaux ou d'évolutions postérieures ou de toute autre circonstance. Trésorerie nette / (dette financière nette) - Somme (i) de la trésorerie et des équivalents de trésorerie et (ii) du compte courant accordé par Cnova ou ses filiales à Casino conformément aux accords de cash pooling, diminués de la dette financière. Pour plus de détails, veuillez-vous référer à la section « Rapprochement des mesures non-GAAP ». Flux de trésorerie opérationnels - Correspond aux éléments des états des flux de trésorerie consolidés suivants : résultat net des activités poursuivies ajusté des dotations aux amortissements et provisions, des charges / (produits) calculés liés aux stock-options et assimilés, des pertes / (gains) liés sur cessions d'actifs non-courant et dépréciations d'actifs, de la quote-part de résultat des entreprises associées et co-entreprises, des autres charges / (produits) calculés, du résultat financier, des charges / (produits) d'impôt y compris différé et des impôts versés. En plus des informations sur les états financiers préparés selon les règles IFRS, ce communiqué de presse contient des informations financières non-GAAP que Cnova utilise pour mesurer sa performance. Ces informations non-GAAP doivent être considérées comme une information supplémentaire et ne se substituent pas aux mesures de la performance et aux états financiers établis selon les règles IFRS. En conséquence les rapprochements depuis ces informations doivent être faits avec prudence. Corrections et ajustements : Correspond à la somme : (i) de la trésorerie et des équivalents de trésorerie et (ii) du compte courant accordé par Cnova ou ses filiales à Casino conformément aux accords de cash pooling et présenté dans les autres actifs courants, diminué de la dette financière. La trésorerie nette / (dette financière nette) est un indicateur qui permet à la direction et aux investisseurs d'évaluer notre trésorerie et nos équivalents de trésorerie, notre niveau d'endettement et le solde de notre compte courant, après prise en compte des accords de cash pooling mis en place entre certains membres du Groupe Casino. Cet indicateur leur permet ainsi de mieux comprendre le niveau de notre trésorerie et de nos liquidités. L'EBITDA ajusté correspond au résultat opérationnel courant (ROC) avant amortissements et dépréciations et les charges relatives aux paiements en actions. Le tableau ci-dessous présente le rapprochement de cet indicateur avec le résultat opérationnel courant - se référer à la définition ci-dessus - l'indicateur GAAP la plus proche pour toutes les périodes considérées : Les flux de trésorerie opérationnels correspondent à des écritures des états des flux de trésorerie suivantes : résultat net des activités poursuivies ajusté des dotations aux amortissements et provisions, des charges / (produits) calculés liés aux stock-options et assimilés, des pertes / (gains) liés sur cessions d'actifs non-courant et dépréciations d'actifs, de la quote-part de résultat des entreprises associées et co-entreprises, des autres charges / (produits) calculés, du résultat financier, des charges / (produits) d'impôt y compris différé et des impôts versés.


BARCELONA, Spain, Feb. 27, 2017 /PRNewswire/ -- Mobile World Congress 2017 -- CEVA, Inc. (NASDAQ: CEVA), the leading licensor of signal processing IP for smarter, connected devices, and Hong Kong Applied Science and Technology Research Institute Company Limited (ASTRI) today introduce...


News Article | April 27, 2015
Site: yourstory.com

Craftsvilla.com today is a fast rising star in the e-commerce ecosystem in India creating a real business in an industry which otherwise is plagued by a conglomerate of “unreal, ethereal, unclear” businesses. Our three dimensional differentiation — Unique Supply of Ethnic Products, Profitability of Business, and Global Appeal of Our Products — differentiates us from others who bask in the glory of the “Great Dollar Swamp” created in India currently. A simple answer which I give a lot of people who ask me the question — How did we do it? — is a mathematical analogy to how we solve multivariate problems on paper without the use of supercomputers. The theory of solving these unbounded complex equations lie in the concepts of creating right boundary conditions, limiting solution set, removing noise parameters, creating test parameters and  combining like terms. Without getting too complicated let me put down this ‘Theory of Constraints’ in layman’s language by drawing an analogy to Craftsvilla below: 1. Fixing Boundary Conditions: Given that we had to generate cash in e-commerce, we fixed a lot of boundary conditions on how we operated. We had no money in our bank account. I and Monica sold our only house to get that extra cash. Our team was bare minimum to 10 people with one technology person, one finance person, two customer care, one in seller care, three in international logistics and two of us founders (Manoj and Monica). We held zero inventory and we asked our sellers to take care of logistics, product upload and even customer care. We operated like a true open marketplace where we juiced out the maximum possible benefits of an online marketplace. Magic happens when you are trying to find a solution in a “resource constraint” environment. Magic happens when you are told to dance on a table with one leg. Magic happens when you are asked to scale the slippery walls of a well with bare hands. Somehow that magic happened for us too. 2. Limiting Solution Set: Our solution set was very clearly to generate profitability so that we can stand on our own. We, therefore, focused a lot on building a unique supply on Craftsvilla.com since that was least costly for us. We did not go for GMV scale or thought about creating other offline businesses etc. Since we were very focused on what we were seeking, it was easier for us to decide on our actions. It was easier for us to find solutions. 3. Removing Noise Parameters: Noise is very detrimental to finding solutions as it can diverge another converging solution. Hence, one of our biggest tasks was to remove noise in our ecosystem. Whether it was removing employees who were creating a harmful environment to closing our ears to discounts/coupons to simple things like turning off our mobile phones to solve problems at hand, it was all an effort to avoid noise to poison our solution set. 4. Creating Test Parameters: Testing equations with educated guesses of solutions is a great way of quickly and intuitively arriving at a few solutions. We constantly tried a lot of new concepts, including charging sellers for marketing on Craftsvilla.com, creating online agents for sale of our products, putting ugly looking big banners on Craftsvilla.com for effective merchandising to putting Google adwords banner ads. All this was done to generate more cash so that we can converge better to our solution set of profitability. 5. Combine Like Terms: When you combine like terms, you change the number of unknown variables a lot. You come closer to a solution. Which means you hire/retain employees who have similar thought process as yours, who share the same vision and passion and who are focused and devoted. We all sat in a small dingy room so that customer care can quickly resolve issues with tech person and seller team can quickly respond to payment related queries. We reduced the need for extra employees by solving each other’s problem quickly. We made our employees like us. This meant we had more Manoj’s and Monica’s in the room. We were closer to our solution set — the profitability. The theory of constraints is a necessity for individuals, societies and businesses to evolve in an otherwise harsh environment and create magic. I hope entrepreneurs do not get swayed by today’s “Dollar Rush” and stay rooted and focused. Let’s continue to create businesses by believing ourselves that we live in a resource constraint environment even if you have millions in your bank. Let magic to happen! Manoj Gupta is Founder/CEO of Craftsvilla.com and was previously Principal at Nexus Venture Partners.


News Article | April 7, 2015
Site: tech.firstpost.com

Update: Myntra will shut its website from May 1 to become a mobile app-based retailer, a source related to the matter told The Times of India. Fashion retail website Myntra is expected to shut down its website in favour of moving all operations to its mobile app, according to a report in The Times of India. Myntra was acquired by Flipkart last year for a sum of Rs 2,000 crores. The report states that Myntra pulls in about 80% of its traffic and 60% of sales through its mobile application. It has plans to take the sales number to 90% by the end of the year. When that happens, the fashion e-tailer will most likely shut down its websites according to sources familiar with the matter. If it does indeed happen, it will be the first instance of an online e-tailer going mobile-only from web + mobile format. According to Mukesh Bansal, co-founder of Myntra and CMO of Flipkart, the growth on the mobile platform has been rapid because fashion shopping is quite impulsive. Myntra is focussed on the mobile platform and will be making major investments on this platform going forward. Myntra is on course to complete Rs 2,000 crore in sales or gross merchandise value (GMV) for the current financial year. GMV refers to the overall revenue generated by online retailers through sale of goods on the online platforms. Out of the total GMV, the e-tailer makes around 5% to 20% depending on the category. In the fashion category Flipkart/Myntra’s biggest rivals remain Amazon and Snapdeal. Amazon recently started the fashion category in India, whereas Snapdeal too is on course for a $1 billion in sales under the fashion category. After electronics, fashion is the category which makes the most moolah. It accounts for nearly 30% of the GMV according to a report from Morgan Stanley.

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