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News Article | May 4, 2017
Site: www.marketwired.com

CALGARY, ALBERTA--(Marketwired - May 3, 2017) - Orbus Pharma Inc. (the "Company") announced today that the securities regulators (the "Commissions") in the Provinces of Ontario, British Columbia, Manitoba, Alberta and Québec have granted a full revocation (the "Revocation") of the cease trade order imposed by each of them in May, 2010 against the securities of the Company. The cease trade orders had been imposed by the Commissions for failure by the Company to file its required filings by the filing deadline as prescribed by applicable securities laws. Its common shares were listed on the TSX NEX Exchange ("NEX") under the symbol ORB, but were suspended from trading on the NEX on April 30, 2010 for failure to maintain minimum NEX Exchange listing requirements. Shortly after the cease trade orders were issued, the Company's shares were delisted from the NEX on January 25, 2012. The Company applied in or about March, 2017 to each of the Commissions for a revocation of the cease trade orders and that time, requested relief from filing the annual and quarterly financial reports and related MD&A for 2010 - 2013. In April, 2017, the Company filed annual audited financial statements and related MD&A for 2014, 2015 and 2016, and the Commissions granted the requested relief. On May 3, 2017, each of the Commissions revoked the cease trade orders issued against the Company. As a condition of revoking the Ontario cease trade order, the Ontario Securities Commission requested that the Company undertake not to complete a restructuring transaction, significant acquisition or reverse takeover of a business not located in Canada unless the Company first received a receipt for a final prospectus in respect of such business. The Company has given such undertaking. The Company intends to hold a meeting of shareholders within 90 days of the date of the Revocation. Although the Company has been inactive, following the Revocation, the Company intends to reactivate itself. In the near term, the Company intends to seek opportunities to acquire assets or a business and obtain financing, in conjunction with which it may seek a listing on a Canadian stock exchange. The Continuous Disclosure Materials can be reviewed on SEDAR under the Company's profile at www.sedar.com. Directors and Officers of the Company Greg Muir (President, CEO and acting CFO and Director) is currently Vice President Finance and Information Technology with Crestline Coach Ltd, headquartered in Saskatoon. In this role, he provides corporate and functional leadership to drive operational excellence and outstanding financial performance. He has held key roles in both private and public listed companies where his responsibilities included, but were not limited to, operations management, enterprise financing and regulatory compliance. Mr. Muir is a Chartered Professional Accountant (CPA, CMA), Management Accounting, with an MBA specializing in Finance and Statistics and a Bachelor of Arts in Economics Laurie M. Paré (Director) is a Financial Consultant and President of Bellevue Spur Capital Corporation, a private company. He is a former partner of Pricewaterhouse Coopers LLP. Mr. Paré has a Bachelor of Commerce degree from the University of Alberta and is a Chartered Professional Accountant. He is a Director on the Board of Directors of Imperial Metals Corporation. Jeffrey McCaig (Director) is the Chairman of the board of directors of the Trimac Group of Companies, of which he was CEO until December 31, 2015. Mr. McCaig has been a director of MEG Energy Inc. since March 1, 2014, a director of Potash Corporation of Saskatchewan since January 2001 and a director of Bantrel Company since 2000, becoming its Chairman in December 2007. Mr. McCaig is also a director and co-owner of the Calgary Flames Hockey Club. Mr. McCaig holds a degree in economics from Harvard University, a law degree from Osgoode Hall Law School, and a Master of Science in Management degree from Stanford University. Other than with respect to the Company and as disclosed above, no director or executive officer of the Company: No director or executive officer of the Company has been subject to: (a) any penalties or sanctions imposed by a court relating to securities legislation or by a securities regulatory authority or has entered into a settlement agreement with a securities regulatory authority; or (b) any other penalties or sanctions imposed by a court or regulatory body that would likely be considered important to a reasonable investor in making an investment decision. This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the Company's expectation with respect to future plans for the business, raising capital, listing on a stock exchange, and the anticipated timing of such events. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive and regulatory risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. 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.


VANCOUVER, BC / ACCESSWIRE / March 1, 2017 / David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-V: EGM) ("EnGold" or the "Company") reports that recently completed drill hole G16-01 targeting a gravity geophysical anomaly has encountered 1.76% copper, 0.27 grams per ton gold, 10.29 g/t silver, and 35.8% iron over 26.57 meters in a previously undrilled area of its' 100% owned Lac La Hache Property in the Cariboo region of BC. Within this, a 14 m thick interval exceeds 2% copper. The skarn-type mineralization is located 1.8 km southeast of the existing copper-gold-silver-magnetite resource defined at the Spout Deposit. EnGold is now mobilizing a second drill to the Property to focus on the 1 km X 1.4 km gravity geophysical anomaly. The first drill was moved to the Aurizon Gold target, where it is now drilling, as the Company was waiting for assays from the new zone and developing an exploration plan for the next phase of work to follow up on the new results. The Company may move both drills to the new zone, depending on a variety of factors as the program evolves. "This discovery has significant size potential and marks a new and greatly accelerated phase of growth for EnGold," said EnGold President & CEO David Brett. "We are fortunate to have the technical talent and infrastructure capacity to expand our operations rapidly." "Our modeling suggests the new zone is stratabound mineralization that is continuous with the Spout Deposits 1.8 km to the northwest, and that it extends further to the southeast than currently defined by the relatively sparse initial gravity test survey. The size of the geophysical anomaly is already impressive and will be expanded with additional surveying in early March," said VP Exploration, Rob Shives, P.Geo. "These results represent a truly text-book example where the combination of geophysical, geochemical, and geological modeling supports accurate prediction of this new zone in a previously untested area, as indicated by this success in the very first drill hole." Vertical drill hole G16-01 intersected semi-massive magnetite-chalcopyrite (minor pyrite) skarn type mineralization over a true width exceeding 26 meters. The mineralization appears stratabound, occurring within sub-horizontal, skarned Nicola volcanoclastic rocks interpreted as the possible down-dip extension of Spout host rocks. The mineralogy and textures of the mineralized zone also appears very similar to Spout Deposit mineralization. The hole targeted a large and strong, 1.0 milligal residual gravity anomaly defined in 2015 by a detailed ground gravity test survey conducted by Brian Jones, Excel Geophysics Inc. As previously reported (see News Release Feb 22, 2017), the amplitude and size of this anomaly significantly exceed the positive gravity responses observed over the Spout North and South Deposits. The new anomaly measures 1400 m east-west by 1000 m north-south at a contoured value of 0.5 milligal. Similar to the Spout Deposit, the new anomaly is flanked by induced polarization chargeability anomalies to north and south. Assay results have been received (Table 1) and are reported below: Although insufficient data is available to precisely determine the true width of the mineralization, company geologists believe the 27 metre intercept is close to a true width. EnGold Mines Ltd follows procedures which ensure sample security, chain of custody, and Quality Assurance/Quality Control for all drilling and geochemical sampling, conforming to industry practices defined by Canadian Institute for Mining, Metallurgy (CIMM) standards, and required for TSX-listed companies by National Instrument 43-101. All core was logged and photographed. Sampled intervals were sawed in half, bagged, sealed, and sent securely to ALS Canada Ltd for analyses. Half-gram samples were digested with aqua regia acid then analysed by inductively coupled plasma-atomic emission spectrometry (ICP-AES) for 35 elements (ME-ICP41). A 30 gram split is analyzed for gold by fire assay with a gravimetric finish (ME-GRA21). Copper values exceeding 1 percent were analyzed using aqua regia digestion with an ICP-AES finish (ME-OG46) to improve accuracy and precision at higher grades. As part of our comprehensive QA/QC program, one standard, one blank, and one in-line replicate were inserted into the sample stream in each group of approximately 20 samples in each analytical batch. EnGold is focused on finding and developing mining operations at its 100% owned mineral property located near the town of Lac La Hache in BC's prolific Cariboo mining region. EnGold's corporate philosophy rests on three interdependent pillars: Environment, Engagement, and Gold. Through sound environmental stewardship, commitment to transparent engagement with local communities, the Company is dedicated to driving exceptional shareholder and stakeholder value by discovering and developing mineral resources. The advanced stage property lies within BC's Quesnel Trough mineral belt, which hosts several past and currently producing copper/gold/silver mines, including nearby Imperial Metals' Mount Polley copper-gold mine and New Gold Inc.'s New Afton copper-gold mine. The Company has drilled numerous prospects on the property, including Spout copper-magnetite-gold-silver deposit (for which a resource calculation has been reported and supported by an NI43-101 Technical Report), the gold-rich Aurizon gold-copper-silver prospect and recent new discoveries with porphyry and skarn copper/gold potential. EnGold is currently focused on evaluation of its Aurizon Gold (gold-copper-sliver) prospect, where drilling continues to extend the host structure and gold-rich grades, and on the new copper-magnetite-gold-silver discovery. Supported by significant local infrastructure including powerlines, all season road access, rail, and other amenities, the Lac La Hache project demonstrates excellent logistics for resource extraction. Rob Shives P.Geo., VP Exploration and a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical content of this release. Engold Mines Ltd. Per/ David Brett, MBA President & CEO For further info, contact David Brett, 604-682-2421 or [email protected] This news release may contain "forward-looking statements." Readers are cautioned that any such statements are not guarantees of future performance and that actual development or results may vary materially from those in these "forward looking statements." Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


News Article | February 22, 2017
Site: www.accesswire.com

VANCOUVER, BC / ACCESSWIRE / February 22, 2017 / David H. Brett, President & CEO, EnGold Mines Ltd., (TSX-V: EGM) ("EnGold" or the "Company") reports that the first drill hole of its 2017 campaign, collared in an area of its' 100% owned Lac La Hache Property with no previous drilling, has encountered a 27 metre intercept of intensely mineralized material. Company geologists have identified the material as skarn-type copper-magnetite. The new discovery is located 1.8 km southeast of the existing copper-gold-silver-magnetite resource defined at the Spout Deposit. Vertical drill hole G16-01 has intersected 27 m of high-grade, massive mineralization containing abundant chalcopyrite, pyrite and magnetite within a near-horizontal skarn bed within the Nicola volcanic host rocks. This is believed to occur within the same host strata as the Spout Deposits. The new zone occurs at 337 to 370 m down-hole. Drilling continues to depth in this hole at press-time. The core is being logged and prepared for assay which will be done on a rush basis. The hole targeted a large and strong, 1.0 milligal residual gravity anomaly defined in 2015 by a detailed ground gravity test survey. The amplitude and size of this anomaly significantly exceed the positive gravity responses observed over the Spout North and South Deposits. The new anomaly measures 1400 m east-west by 1000 m north-south at a contoured value of 0.5 milligal. Although insufficient data is available to precisely determine the true width of the mineralization, company geologists believe the 27 metre intercept is close to a true width. EnGold is focused on finding and developing mining operations at its 100% owned mineral property located near the town of Lac La Hache in BC's prolific Cariboo mining region. EnGold's corporate philosophy rests on three interdependent pillars: Environment, Engagement and Gold. Through sound environmental stewardship, commitment to transparent engagement with local communities, the Company is dedicated to driving exceptional shareholder and stakeholder value by discovering and developing mineral resources. The advanced stage property lies within BC's Quesnel Trough mineral belt, which hosts several past and currently producing copper/gold/silver mines, including nearby Imperial Metals' Mount Polley copper-gold mine and New Gold Inc.'s New Afton copper-gold mine. The Company has drilled numerous prospects on the property, including Spout copper-magnetite-gold-silver deposit (for which a resource calculation has been reported and supported by an NI43-101 Technical Report), the gold-rich Aurizon gold-copper-silver prospect and recent new discoveries with porphyry and skarn copper/gold potential. EnGold is currently focused on evaluation of its Aurizon Gold (gold-copper-sliver) prospect, where drilling continues to extend the host structure and gold-rich grades. Supported by significant local infrastructure including powerlines, all season road access, rail and other amenities, the Lac La Hache project demonstrates excellent logistics for resource extraction. Rob Shives P.Geo., VP Exploration and a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical content of this release. Engold Mines Ltd. Per/ David Brett, MBA President & CEO For further info contact David Brett, 604-682-2421 or [email protected] This news release may contain "forward-looking statements". Readers are cautioned that any such statements are not guarantees of future performance and that actual development or results may vary materially from those in these "forward looking statements." Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


EnGold is now mobilizing a second drill to the Property to focus on the 1 km X 1.4 km gravity geophysical anomaly. The first drill was moved to the Aurizon Gold target, where it is now drilling, as the Company was waiting for assays from the new zone and developing an exploration plan for the next phase of work to follow up on the new results. The Company may move both drills to the new zone, depending on a variety of factors as the program evolves. "This discovery has significant size potential and marks a new and greatly accelerated phase of growth for EnGold," said EnGold President & CEO David Brett. "We are fortunate to have the technical talent and infrastructure capacity to expand our operations rapidly." "Our modeling suggests the new zone is stratabound mineralization that is continuous with the Spout Deposits 1.8 km to the northwest, and that it extends further to the southeast than currently defined by the relatively sparse initial gravity test survey. The size of the geophysical anomaly is already impressive and will be expanded with additional surveying in early March," said VP Exploration, Rob Shives, P.Geo. "These results represent a truly text-book example where the combination of geophysical, geochemical, and geological modeling supports accurate prediction of this new zone in a previously untested area, as indicated by this success in the very first drill hole." Vertical drill hole G16-01 intersected semi-massive magnetite-chalcopyrite (minor pyrite) skarn type mineralization over a true width exceeding 26 meters. The mineralization appears stratabound, occurring within sub-horizontal, skarned Nicola volcanoclastic rocks interpreted as the possible down-dip extension of Spout host rocks. The mineralogy and textures of the mineralized zone also appears very similar to Spout Deposit mineralization. The hole targeted a large and strong, 1.0 milligal residual gravity anomaly defined in 2015 by a detailed ground gravity test survey conducted by Brian Jones, Excel Geophysics Inc. As previously reported (see News Release Feb 22, 2017), the amplitude and size of this anomaly significantly exceed the positive gravity responses observed over the Spout North and South Deposits. The new anomaly measures 1400 m east-west by 1000 m north-south at a contoured value of 0.5 milligal. Similar to the Spout Deposit, the new anomaly is flanked by induced polarization chargeability anomalies to north and south. Assay results have been received (Table 1) and are reported below: Although insufficient data is available to precisely determine the true width of the mineralization, company geologists believe the 27 metre intercept is close to a true width. EnGold Mines Ltd follows procedures which ensure sample security, chain of custody, and Quality Assurance/Quality Control for all drilling and geochemical sampling, conforming to industry practices defined by Canadian Institute for Mining, Metallurgy (CIMM) standards, and required for TSX-listed companies by National Instrument 43-101. All core was logged and photographed. Sampled intervals were sawed in half, bagged, sealed, and sent securely to ALS Canada Ltd for analyses. Half-gram samples were digested with aqua regia acid then analysed by inductively coupled plasma-atomic emission spectrometry (ICP-AES) for 35 elements (ME-ICP41). A 30 gram split is analyzed for gold by fire assay with a gravimetric finish (ME-GRA21). Copper values exceeding 1 percent were analyzed using aqua regia digestion with an ICP-AES finish (ME-OG46) to improve accuracy and precision at higher grades. As part of our comprehensive QA/QC program, one standard, one blank, and one in-line replicate were inserted into the sample stream in each group of approximately 20 samples in each analytical batch. EnGold is focused on finding and developing mining operations at its 100% owned mineral property located near the town of Lac La Hache in BC's prolific Cariboo mining region. EnGold's corporate philosophy rests on three interdependent pillars: Environment, Engagement, and Gold. Through sound environmental stewardship, commitment to transparent engagement with local communities, the Company is dedicated to driving exceptional shareholder and stakeholder value by discovering and developing mineral resources. The advanced stage property lies within BC's Quesnel Trough mineral belt, which hosts several past and currently producing copper/gold/silver mines, including nearby Imperial Metals' Mount Polley copper-gold mine and New Gold Inc.'s New Afton copper-gold mine. The Company has drilled numerous prospects on the property, including Spout copper-magnetite-gold-silver deposit (for which a resource calculation has been reported and supported by an NI43-101 Technical Report), the gold-rich Aurizon gold-copper-silver prospect and recent new discoveries with porphyry and skarn copper/gold potential. EnGold is currently focused on evaluation of its Aurizon Gold (gold-copper-sliver) prospect, where drilling continues to extend the host structure and gold-rich grades, and on the new copper-magnetite-gold-silver discovery. Supported by significant local infrastructure including powerlines, all season road access, rail, and other amenities, the Lac La Hache project demonstrates excellent logistics for resource extraction. Rob Shives P.Geo., VP Exploration and a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical content of this release. Engold Mines Ltd. Per/ David Brett, MBA President & CEO For further info, contact David Brett, 604-682-2421 or david@engold.ca This news release may contain "forward-looking statements." Readers are cautioned that any such statements are not guarantees of future performance and that actual development or results may vary materially from those in these "forward looking statements." Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


News Article | February 22, 2017
Site: marketersmedia.com

The new discovery is located 1.8 km southeast of the existing copper-gold-silver-magnetite resource defined at the Spout Deposit. Vertical drill hole G16-01 has intersected 27 m of high-grade, massive mineralization containing abundant chalcopyrite, pyrite and magnetite within a near-horizontal skarn bed within the Nicola volcanic host rocks. This is believed to occur within the same host strata as the Spout Deposits. The new zone occurs at 337 to 370 m down-hole. Drilling continues to depth in this hole at press-time. The core is being logged and prepared for assay which will be done on a rush basis. The hole targeted a large and strong, 1.0 milligal residual gravity anomaly defined in 2015 by a detailed ground gravity test survey. The amplitude and size of this anomaly significantly exceed the positive gravity responses observed over the Spout North and South Deposits. The new anomaly measures 1400 m east-west by 1000 m north-south at a contoured value of 0.5 milligal. Although insufficient data is available to precisely determine the true width of the mineralization, company geologists believe the 27 metre intercept is close to a true width. EnGold is focused on finding and developing mining operations at its 100% owned mineral property located near the town of Lac La Hache in BC's prolific Cariboo mining region. EnGold's corporate philosophy rests on three interdependent pillars: Environment, Engagement and Gold. Through sound environmental stewardship, commitment to transparent engagement with local communities, the Company is dedicated to driving exceptional shareholder and stakeholder value by discovering and developing mineral resources. The advanced stage property lies within BC's Quesnel Trough mineral belt, which hosts several past and currently producing copper/gold/silver mines, including nearby Imperial Metals' Mount Polley copper-gold mine and New Gold Inc.'s New Afton copper-gold mine. The Company has drilled numerous prospects on the property, including Spout copper-magnetite-gold-silver deposit (for which a resource calculation has been reported and supported by an NI43-101 Technical Report), the gold-rich Aurizon gold-copper-silver prospect and recent new discoveries with porphyry and skarn copper/gold potential. EnGold is currently focused on evaluation of its Aurizon Gold (gold-copper-sliver) prospect, where drilling continues to extend the host structure and gold-rich grades. Supported by significant local infrastructure including powerlines, all season road access, rail and other amenities, the Lac La Hache project demonstrates excellent logistics for resource extraction. Rob Shives P.Geo., VP Exploration and a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the technical content of this release. Engold Mines Ltd. Per/ David Brett, MBA President & CEO For further info contact David Brett, 604-682-2421 or david@engold.ca This news release may contain "forward-looking statements". Readers are cautioned that any such statements are not guarantees of future performance and that actual development or results may vary materially from those in these "forward looking statements." Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


News Article | February 15, 2017
Site: www.marketwired.com

VANCOUVER, BC--(Marketwired - February 15, 2017) - Imperial Metals Corporation (the "Company") (TSX: III) reports that Sterling Gold Mining Corporation ("SGMC"), a wholly-owned subsidiary, has entered into a Letter of Intent ("LOI") with Northern Empire Resources Corp. ("NM") to sell its interest in the Sterling gold mine property located in Nevada, United States. The purchase price for the assets includes US$10 million cash (including a US$250,000 non-refundable deposit due within 5 days of the execution of the LOI) and 5 million shares of NM. SGMC will retain a two percent (2.0%) Net Smelter Returns royalty ("NSR") on the portions of the Sterling gold mine property not currently burdened by a pre-existing NSR. The closing is planned for the second quarter of 2017 and is subject to completion of a formal Property Purchase Agreement, board and regulatory approvals as necessary, completion of due diligence and conventional conditions for such a transaction. About Imperial Imperial is a Vancouver-based exploration, mine development and operating company. The Company, through its subsidiaries, owns the Red Chris and Mount Polley copper/gold mines in British Columbia, and the Sterling gold mine in Nevada. Imperial also holds a 50% interest in Huckleberry Mines Ltd. and in the Ruddock Creek lead/zinc property, both in British Columbia. Forward-Looking Information and Risks Notice Forward-looking statements relate to future events or future performance and reflect Company management's expectations or beliefs regarding future events and include, but are not limited to, specific statements regarding the anticipated completion of the sale of all, or substantially all, of the assets of Sterling Gold Mining Corporation, including the Sterling mine, in the second quarter of 2017 (the "Sterling Sale"). In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "outlook", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. In this document certain forward-looking statements are identified by words including "guidance", "expectations", "targeted", "plan", "planned", "estimated", "calls for" and "expected". By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, among others, the following: required approvals not being obtained and the closing of the Sterling Sale not occurring or being delayed; political and economic environment, gold price volatility; discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries; mining operational and development risk; litigation risks; regulatory environment and restrictions, including environmental regulatory restrictions and liability; currency fluctuations; speculative nature of gold exploration; share price volatility; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property; and other risks of the mining industry as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review at imperialmetals.com and sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements.


News Article | February 15, 2017
Site: www.marketwired.com

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 15, 2017) - Northern Empire Resources Corp. (TSX VENTURE:NM) (the "Company" or "Northern Empire") today announced that the Company has entered into a Letter of Intent ("LOI") with Sterling Gold Mining Corporation ("SGMC"), a wholly owned subsidiary of Imperial Metals Corporation ("Imperial Metals")(TSX:III) to acquire a 100% interest in the Sterling property, located in Nye County, Nevada, and certain royalty rights for claims located in Nevada and California (the "Proposed Transaction"). Michael G. Allen, President, CEO and Director of Northern Empire commented, "Acquiring the Sterling property represents a company changing opportunity for the shareholders of Northern Empire. The next phase of open pit mining has been permitted at Sterling, and the properties have not seen significant exploration in 20 years. The Sterling land package consists of two claim blocks, Sterling and Daisy. Combined, the land package represents the acquisition of a gold district within Nevada, hosting 3 past producing open pit mines. The Sterling mine has previously operated as a high grade open pit and underground operation as recently as 2015, and is known for it's excellent run of mine heap leach recoveries. The site is staffed, with leach rinsing operations continuing. The Daisy claim block has indications of a large Carlin system, which has seen very little exploration since the late 1990s." Under the terms of the Proposed Transaction with SGMC, the Company will acquire: The purchase price for the assets will consist of: The completion of the transaction is subject to a number of conditions to closing including, but not limited to Northern Empire's satisfactory completion of legal, title and environmental due diligence with respect to the Sterling Property, completion of various financings to raise adequate funds to make the purchase, board and regulatory approvals, and other customary conditions in the mining industry for similar asset purchase and sales. In relation to the Proposed Transaction, the Company will be arranging a bridge financing of convertible debentures. The proceeds of the bridge financing will be used to pay the US$250,000 deposit due to SGMC, complete an updated NI 43-101 technical report on the Sterling property and for due diligence and working capital purposes. The interest free convertible debenture will convert into a unit of the Company consisting of a share and a half warrant (each full warrant, a "Warrant") upon the closing of the Proposed Transaction, or, if the Proposed Transaction doesn't complete, upon resumption of trading of the Company's shares. The conversion price shall be equal to (a) the price for which the Company completes the Subsequent Financing, as set out below, or (b) if the Proposed Transaction doesn't complete, $0.175. Each Warrant shall be exercisable into a common share of Northern Empire at a price of 33 1/3% premium to the conversion price for a period of 2 years following the closing of the convertible debenture financing. In the event that the Company files a prospectus in connection with the Acquisition Financing, it will use reasonable commercial efforts to qualify the issuance of the Units under the prospectus. In addition, the Company intends to complete a subsequent financing (the "Acquisition Financing") to complete the Proposed Transaction, the proceeds of which will be used to fund the purchase price for the proposed Acquisition, for ongoing exploration work on the Sterling Property and for general working capital. Further details regarding the Acquisition Financing will be released in due course. The Company has engaged Cormark Securities Inc. as its financial advisor in connection with the proposed transaction and Acquisition Financing. McCullough O'Connor Irwin LLP and Parsons Behle and Latimer are acting as legal advisors on the transaction. The Company has engaged JDS Energy and Mining and Norwest Corporation as technical advisors. Northern Empire is an aggressive, Vancouver based, gold explorer working to take advantage of the current improving market conditions by assembling a value driven portfolio of properties. Michael G. Allen, President of Northern Empire, and a Qualified Person as defined by NI 43-101, has reviewed the information contained in this news release. He is the non-independent qualified person for this new release and has verified the data. ON BEHALF OF THE BOARD OF NORTHERN EMPIRE RESOURCES CORP. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. Certain information set forth in this news release contains "forward-looking statement", and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include the Company's expectations about the completion of the Proposed Transaction and the related financings, future performance based on current results and expected cash costs and are based on the Company's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "will", "expects", "anticipates", "believes", "projects", "plans", and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which, may cause the Company's actual performance and financial results in future periods to differ materially from any projects of future performance or results expressed or implied by such forward-looking statement. These risks and uncertainties include, but are not limited to: liabilities inherent in mine development and production; geological risks, the financial markets generally, the results of the due diligence investigations to be conducted by the Company, the ability of the Company to complete the related financings or obtain requisite Exchange acceptance. There can be no assurance that forward-looking statement will prove to be accurate, and actual results and future events could differ materially from those anticipate in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.


News Article | February 28, 2017
Site: www.marketwired.com

VANCOUVER, BC--(Marketwired - February 28, 2017) - Imperial Metals Corporation (the "Company") (TSX: III) reports on the results from the first nine holes from an underground drilling program completed at the Martel and Green zones located beneath the Wight pit, approximately 400 metres east of the recently developed and mined Boundary zone. Martel zone highlights include 110.0 metres grading 1.27% copper and 0.24 g/t gold in drill hole MU-17-7, which included 56.9 metres grading 1.90% copper and 0.37 g/t gold. MU-17-8 was extended in length to intersect the Green zone mineralization where it intercepted 17.8 metres grading 4.49% copper and 1.44 g/t gold. The drilling was designed to delineate two higher-grade zones discovered in 2004, prior to development of the Wight Pit. The holes, except MU-16-5, were designed to intersect the Martel zone, and five of the holes were extended to test the sparsely drilled Green zone located east of the Martel zone. Drill hole MU-16-5 was drilled to test below the Martel zone. At depth approximately 230 metres beneath the Martel zone, it intercepted two intervals of mineralization: 37 metres of 0.70% copper and 0.45 g/t gold, and 34.9 metres of 0.94 % copper and 0.27 g/t gold. This first underground exploration of the Martel zone consisted of 6,600 metres in 25 holes, and complements surface drilling done mainly in 2003-2005. Four drill stations were established at 25 metre intervals along an exploration drift about 400 metres east of the Boundary zone underground workings. Holes were drilled on azimuths ranging from 070° to 090° at shallow to moderate angles, crossing the Brown Wall fault and into the Martel breccia. Mineralized intercepts in the Martel and Green zones are summarized in the table below. Note all intervals are the entire length and true widths have not been determined. The mineralization is believed to have formed in a vertical hydrothermal breccia body within a complex of monzonitic intrusions. It now occurs in two segments which were formerly contiguous but are now separated by the steeply southwest-dipping Brown Wall fault. The upper hanging wall portion was mined in the Wight pit (2005-2009). The deeper portion was dropped down slightly and offset to the northwest, and is known as the Martel zone, the top of which was exposed in the bottom of the final Wight pit. Mineralization generally begins immediately after the fault, and consists of chalcopyrite and bornite disseminated in a polylithic breccia matrix, in fine to coarse infill between clasts or in veins. Late to post-mineral monzonitic dikes cut the breccia, the largest being 10-14 metres thick, obliquely bisecting the Martel zone, otherwise internal dilution by dikes is limited. The Martel zone measures approximately 130 metres long, 170 metres high, and 140 metres wide, perpendicular to the Brown Wall fault plane. Along its northeastern fringe, the Martel zone gives way to monzonitic wall rock and dikes. The easternmost body of mineralization intersected in this drilling is the Green zone which is hosted in a distinct style of breccia and is intermittent but can be very high grade. The Martel zone is open in all directions except to the southwest where the Brown Wall fault cuts-off the zone. Assays from the remaining holes are expected by the end of March 2017. Once all results are received, they will be loaded into the block model for this area and a revised resource estimate will be completed followed by mine planning. Based on the results to date, two options for mine development may be considered. The longer lower grades such as 147.5 metres of 1.03% copper and 0.20 g/t gold in drill hole MU-16-6 may be amenable to sub-level caving, while shorter higher grade sections may be amendable to conventional long hole mining. Imperial's Vice President Finance, Saurabh Handa, will resign effective March 17, 2017 to pursue other opportunities. The Company and the board of directors would like to thank Mr. Handa for his contributions to the Company, and wish him well in his future endeavours. Imperial is a Vancouver based exploration, mine development and operating company. The Company, through its subsidiaries, owns the Red Chris and Mount Polley copper|gold mines in British Columbia, and the Sterling gold mine in Nevada. Imperial also holds a 50% interest in Huckleberry Mines Ltd. and in the Ruddock Creek lead|zinc property, both in British Columbia. Forward-looking statements relate to future events or future performance and reflect Company management's expectations or beliefs regarding future events and include, but are not limited to, specific statements regarding expectations that assays will be obtained by the end of March 2017 for the remaining drill holes in the Mount Polley mine underground drilling program targeting the Martel and Green zones located beneath the Wight pit; expectations that all results, once received, will be loaded into the block model for this area, a revised resource estimate will be completed, and based on the results to date, mine planning with two options for mine development will be considered; and in general, statements with respect to the estimation of mineral reserves and mineral resources. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "outlook", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. In this document certain forward-looking statements are identified by words including "guidance", "expectations", "targeted", "plan", "planned", "estimated", "calls for" and "expected". By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to changes in project parameters as plans continue to be refined; future prices of mineral resources; possible variations in ore reserves, grade or recovery rates; accidents; dependence on key personnel; labour pool constraints; labour disputes; availability of infrastructure required for the development of mining projects; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; counterparty risks associated with sales of our metals; changes in general economic conditions; increased operating and capital costs; and other risks of the mining industry as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review at imperialmetals.com and sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements.


News Article | December 22, 2016
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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Imperial Metals Corporation (TSX: III) (the "Company") -- Imperial announces that it intends to issue, on a private placement basis, up to 10 million common shares at a price of $5.50 per share (the "Financing"). Significant shareholders of the Company and a director of the Company have indicated that they intend to subscribe for a minimum of $42 million of the Financing (7,636,363 shares). The Company may accept subscriptions for up to another $13 million of the Financing (2,363,637 shares) on the same terms and conditions. The Company intends to use the net proceeds of the Financing to improve its working capital and for general corporate purposes. Closing of the minimum $42 million of the Financing from the significant shareholders and director is expected to occur before December 31, 2016 with any additional subscriptions to the Financing to close in early January 2017. Closing of the Financing is subject to receipt of all necessary regulatory and stock exchange approvals. A material change report in relation to the Financing will be filed less than 21 days before closing as the Company intends to complete the Financing as soon as commercially feasible. About Imperial Imperial is an exploration, mine development and operating company based in Vancouver, British Columbia. The Company, through its subsidiaries, owns the Red Chris and Mount Polley copper|gold mines in British Columbia, and the Sterling gold mine in Nevada. Imperial also holds a 50% interest in Huckleberry Mines Ltd. and in the Ruddock Creek lead|zinc property, both in British Columbia. Forward-Looking Information and Risks Notice Certain information contained herein constitutes forward-looking information within the meaning of Canadian and United States Securities Laws and which is prospective in nature and reflect the current views and/or expectations of Imperial. Often, but not always, forward-looking information can be identified by the use of statements such as "plans", "expects" or "does not expect", "is expected", "scheduled", "estimates", "forecasts", "targets", "projects", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Such information in this press release includes, without limitation, statements regarding: the Company's intention to issue, on a private placement basis, up to 10 million common shares at a price of $5.50 per share (the "Financing"); the Company's intention to use the proceeds of the Financing to improve its working capital and for general corporate purposes; and the Company's expectation that the Financing from significant shareholders of the Company and a director of the Company will occur before December 31, 2016 and that any additional subscriptions to the Financing will close in early January 2017. Forward-looking information is not based on historical facts, but rather on then current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which Imperial operates, including assumptions that: the Company will receive all necessary regulatory, stock exchange and third party approvals in respect of the Financing; and the timing of the Financings will meet the Company's expectations based on its business and operational requirements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. We can give no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause Imperial's actual results, revenues, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements constituting forward-looking information. Important risks that could cause Imperial's actual results, revenues, performance or achievements to differ materially from Imperial's expectations include, among other things: risks that the Financing will not provide the expected benefits to the Company's business or operations; risks that required consents and approvals will not be received in order to advance or complete the Financing; and other hazards and risks disclosed within Imperial's Management's Discussion and Analysis for the year ended December 31, 2015 and other public filings which are available on Imperial's profile on SEDAR at www.sedar.com. For the reasons set forth above, investors should not place undue reliance on forward-looking statements. Imperial does not undertake to update any forward looking information, except in accordance with applicable securities laws.


News Article | February 15, 2017
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VANCOUVER, BC--(Marketwired - February 10, 2017) - Imperial Metals Corporation (the "Company") (TSX: III) reports that it has amended certain financial covenants under the senior secured revolving credit facility for the March 31, June 30, and September 30, 2017 reporting periods. The financial covenants for these periods have been revised as follows: The interest rate charged under the senior secured revolving credit facility varies with the Company's financial leverage. A new interest rate bracket has been added to reflect the revised maximum leverage. Imperial is a Vancouver based exploration, mine development and operating company. The Company, through its subsidiaries, owns the Red Chris and Mount Polley copper/gold mines in British Columbia, and the Sterling gold mine in Nevada. Imperial also holds a 50% interest in Huckleberry Mines Ltd. and in the Ruddock Creek lead/zinc property, both in British Columbia.

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