OFS
Norcross, GA, United States
OFS
Norcross, GA, United States

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News Article | May 14, 2017
Site: www.PR.com

St. Louis non-profit agency to host second School of Cooking and Sharing's culinary classes. St. Louis, MO, May 14, 2017 --( This month’s program, entitled “Healthy Baking in a Hurry,” will be led by Father Dominic who is also known as The Bread Monk. Fr. Dominic Garramone, an author and cooking show host, is a monk at Saint Bede Abbey in Peru, Ill. He will share his recipe for a multigrain baking mix, which he will use to make coffee cake with seasonal fruit from the farmers market. He also will cook whole grain sausage muffins plus a savory tomato and gorgonzola galette, which is a crusty cake. Father Dominic will provide additional recipes for pancakes, waffles, scones and muffins. This month’s program is sponsored by McMahon Berger, PC. Tickets are $50 per person and include delicious food, class instruction, and wine. Proceeds will fund cooking and nutrition education programs for children and families throughout the community. Reservations are required since the program is only open to the first 40 registrants. To learn more about the Operation Food Search School of Cooking and Sharing or to register for the culinary class, call Operation Food Search at (314) 726-5355. Founded in 1981, Operation Food Search (OFS) is a hunger relief organization that provides food and nutrition education. With a strategic focus aimed at ending childhood hunger, OFS empowers families with a range of programs and services proven to reduce food insecurity and increase access to healthy and affordable food. The agency helps feed more than 200,000 individuals on a monthly basis – one-third of which are children – through a network of 330 community partners in 31 Missouri and Illinois counties. St. Louis, MO, May 14, 2017 --( PR.com )-- Operation Food Search (OFS), a local hunger relief organization dedicated to ending childhood hunger and family food insecurity in the St. Louis bi-state region, will host the School of Cooking and Sharing’s “Cook, Learn and Share” culinary class event on Tues., June 13 from 6 to 8:30 p.m. at the OFS headquarters located at 1644 Lotsie Blvd. The monthly program will feature a culinary instructor who will cook a special dish for the audience to enjoy while simultaneously learning about OFS’ direct impact on the community.This month’s program, entitled “Healthy Baking in a Hurry,” will be led by Father Dominic who is also known as The Bread Monk. Fr. Dominic Garramone, an author and cooking show host, is a monk at Saint Bede Abbey in Peru, Ill. He will share his recipe for a multigrain baking mix, which he will use to make coffee cake with seasonal fruit from the farmers market. He also will cook whole grain sausage muffins plus a savory tomato and gorgonzola galette, which is a crusty cake. Father Dominic will provide additional recipes for pancakes, waffles, scones and muffins. This month’s program is sponsored by McMahon Berger, PC.Tickets are $50 per person and include delicious food, class instruction, and wine. Proceeds will fund cooking and nutrition education programs for children and families throughout the community. Reservations are required since the program is only open to the first 40 registrants. To learn more about the Operation Food Search School of Cooking and Sharing or to register for the culinary class, call Operation Food Search at (314) 726-5355.Founded in 1981, Operation Food Search (OFS) is a hunger relief organization that provides food and nutrition education. With a strategic focus aimed at ending childhood hunger, OFS empowers families with a range of programs and services proven to reduce food insecurity and increase access to healthy and affordable food. The agency helps feed more than 200,000 individuals on a monthly basis – one-third of which are children – through a network of 330 community partners in 31 Missouri and Illinois counties. Click here to view the list of recent Press Releases from Operation Food Search


News Article | May 11, 2017
Site: globenewswire.com

ST. PETER PORT, Guernsey, May 11, 2017 (GLOBE NEWSWIRE) -- Avnel Gold Mining Limited (“Avnel” or the “Company”) (TSX:AVK) is reporting that it has filed its unaudited Interim Consolidated Financial Statements and the related Management Discussion & Analysis (“MD&A”) for the three-month period ended March 31, 2017 on SEDAR. In March 2016 a positive Feasibility Study for the Kalana Main Project was completed and the related environmental and social impact assessment (the “ESIA”) and associated environmental and Social Management Plan (the “ESMP” have been approved by the Malian authorities. The approval of the ESIA was the key government approval required to advance the Kalana Main Project towards construction as the Kalana Exploitation Permit was awarded to Avnel in 2003 with an initial term of 30 years plus two ten year extensions. The Company continues to advance the Kalana Main Project towards a construction decision through its 80% ownership in Société d’Exploitation des Mines d’Or de Kalana, S.A. (“SOMIKA”). In January 2017 the company announced the results of an Optimisation of the Feasibility Study (see Kalana Main Project Optimisation below). The results enhanced the financial parameters for the project and reduced the execution risk for construction and operations. An engineering procurement and construction (the ”EPC”) Contract for the construction of the gold plant and associated infrastructure has been awarded to a Joint Venture of two international engineering companies namely DRA Mineral Services and Group Five. The EPC Contract has improved the construction period by 3 months and the fixed cost is within the Feasibility Study capex. A Power Supply Contract has been negotiated with an international power provider, subject to final documentation. The hybrid power plant will utilise solar and fossil fuels, reducing annual fuel consumption with financial and environmental benefits. The company issued a request for tender to international contract mining companies for the mining of the Kalana Main Project. Assuming positive results the project, financials will be enhanced and the execution risk reduced. The company advanced the resettlement action plan (the “RAP”) of impacted persons resulting from the future operation. Final urban planning approval for the extension of Kalana Town is expected by Quarter 3, 2017 and this will allow construction of new housing and public infrastructure to commence when funding is available. The RAP Commission to oversee the process was established by the Malian authorities and will implement the plan in consultation with all stakeholders according to Malian legislation and IFC Performance Standards. The Company is committed to construct and operate the Project in compliance with Malian legislation, the Equator Principles and IFC Performance Standards. Resources are being applied to the health, safety and environmental policies and systems to meet this commitment. Discussions are ongoing with banks and other financial institutions to provide financing for the development of the Kalana Main Project. The Company anticipates that the Kalana Main Project will be sufficiently advanced to consider a construction decision in 2017, subject to the availability of adequate financing on a timely basis. With respect to operations at the small, Soviet-era, underground mine (the “Kalana Mine”), gold production in the quarter to March 31, 2017 was 1,765 ounces. The Company continues to sustain operations to partially offset the cost of providing underground access to facilitate due diligence activities necessary to secure mine development financing. The continued operation of the underground mine also helps to maintain socio-economic stability in the local community as the workforce prepares to transition to activities related to the construction and operation of the proposed Kalana Main Project. The Company intends to sustain operations for as long as it is economically feasible and safe to do so, without incurring any significant capital expenditures, until such a time as the Company is able to commence construction of the Kalana Main Project. The directors recognise the continuing requirement for short term funding, working capital purposes, and in the longer term to build the proposed open pit mine operations of the Company which are dependent upon its ability to raise adequate financing. The directors believe that the required financing will be raised and in conjunction with management are actively pursuing various financing options with the major shareholders and are engaged in ongoing discussions with banks, financial institutions and other mining companies regarding proposals for financing. While these discussions are ongoing, it cannot be guaranteed that such financing will be available on a timely basis or on acceptable terms. In preparation for the approval to commence construction of the Kalana Main Project, a number of activities have progressed during the first quarter 2017: Located less than 3 km northeast of the Kalana Main Project and the milling facilities proposed in the OFS and the Feasibility Study, the Kalanako prospect is an old area of traditional mining activity. Several mineralised trends have been established from RC and diamond drilling at Kalanako, resulting in a single northwest-southeast corridor of 1,500 meters by 250 meters. These mineralised zones are typically less than 10-20 meters wide and appear to be steeply dipping to the East, often contain high-grade intercepts near surface (i.e. in the weathered zone). The depth of saprolite and saprock is between 70 m and 130 m, much deeper than that observed at the Kalana deposit. Diamond drilling at Kalanako intersected numerous high strain zones, packets of densely laminated quartz veins or vein stockwork with sulphides and locally highly altered and mineralised felsic intrusive rocks. Mineralisation is associated with these felsic intrusive rocks or quartz stockwork that occur along northwest-southeast striking shear zones, parallel or less than 10° in azimuth from the main IP boundary between a low and a high IP gradient domain. The March 2015 MRE for the Kalanako deposit was based upon information from 46 diamond drill holes and 232 RC drillholes. Historical drill-hole intersection were independently summarised and press-released in October 2016. A maiden Inferred In Situ Mineral Resource for Kalanako has been reported, which is summarised in the subsection titled “Mineral Resource Estimates”. An infill drilling programme of 8,635 meters has been successfully achieved in December 2016, on time and on budget and with an excellent productivity and safety record (no Lost Time Injury). This programme was focused on Kalanako's saprolite and saprock weathered domains, a depth considerably deeper than observed at Kalana Main (drillhole depth of 50-175 meters). A large part of the Kalanako prospect remains undrilled. The drilled portion of Kalanako is located at the central part of a 5 km long geophysical structure defined as a contact between low and high IP gradient domains. Kalanako is open on strike. Some large collapses above old artisanal underground developments in the north and more modern artisanal pits in the south, highlights the continuity of the mineralisation along the main northwest-southeast structure. Future drilling campaigns would target extensions along strike following our low-risk infill programme. Metal revenues decreased to $2,400,000 in the quarter to March 31, 2017 from $3,251,000 in the quarter to March 31, 2016. The decrease in revenue is a result of a 27% decrease in ounces sold from 2,696 ounces in the quarter to March 31, 2016 relative to 1,956 ounces in quarter to March 31, 2017, that was partly offset by a 2% increase in the realised average sales price of gold from $1,203 per ounce in the quarter to March 31, 2016 to $1,224 per ounce in the quarter to March 31, 2017. Total expenses remained at $3,800,000 in the quarter to March 31, 2017 compared to $3,811,000 in the quarter to March 31, 2016. Operating costs per ounce of gold sold for the quarter to March 31, 2017 increased from $832 per ounce to $1,311 per ounce resulting from reduced production. Avnel recorded a net loss of $3,548,000 ($0.008 attributable loss per share) for the quarter ended March 31, 2017 compared to a net loss of $745,000 ($0.001 attributable loss per share) in the quarter to March 31, 2016. Included in the quarter to March 31, 2017 is a loss on the fair value of derivative financial instruments of $2,012,000, compared to a loss of $175,000 in the quarter to March 31, 2016. The fair value accounting gains reported have no cash effect on the Company. As compared to the balance sheet as at December 31, 2016, Avnel’s cash and cash equivalents as at March 31, 2017 increased by $7,055,000 from $3,720,000 to $10,775,000 arising from cash proceeds from the exercise of warrants of $10,205,000, offset by cash used in operations of $2,721,000 and cash used in investing activities of $456,000. There was a working capital surplus of $12,927,000 as at March 31, 2017 compared to a working capital surplus of $8,336,000 as at December 31, 2016. Total assets increased from $24,815,000 as at December 31, 2016 to $32,549,000 at March 31, 2017. Total provisions increased from $3,653,000 as at December 31, 2016 to $3,707,000 at March 31, 2017. Total stockholders’ equity increased to $44,567,000 as at March 31, 2017 from $34,494,000 as at December 31, 2016. ABOUT AVNEL GOLD Avnel Gold is a TSX-listed gold mining, exploration and development company with operations in south-western Mali in West Africa. The Company’s strategic objective is to develop the Kalana Main Project into an open-pit mining operation through its 80% ownership in SOMIKA. A secondary objective of the Company is to explore the remainder of the 387 km2 Kalana Exploitation Permit to discover new mineral deposits. For further information, please contact: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this news release. This news release includes certain “forward-looking statements”. All statements, other than statements of historical fact, included in this release, including the future plans and objectives of Avnel Gold, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Avnel Gold’s expectations include, among others, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of gold and silver, as well as those factors discussed in the section entitled “Risk Factors” in Avnel Gold’s most recently completed Annual Information Form, which is available on SEDAR (www.sedar.com). Although Avnel Gold has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such 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. Except where indicated, the disclosure contained or incorporated into this news release of an economic, scientific or technical nature, has been summarised or extracted from the National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) compliant technical report titled “NI43-101 Technical Report on Kalana Main Project”, dated effective 1 April 2016 (the “Kalana Technical Report”), prepared by Snowden Mining Industry Consultants (Pty) Ltd. (“Snowden”), Denny Jones Ltd (“Denny Jones”), DRA Projects SA (Pty) Ltd (“DRA”) and Epoch Resources (Pty) Ltd (“Epoch Resources”). The Kalana Technical Report was prepared under the supervision of Mr. Allan Earl (Executive Consultant – Mining Engineering of Snowden), Mr. Ivor Jones (Executive Consultant – Applied Geosciences of Denny Jones), Mr. Glenn Bezuidenhout (Principal Process Engineer of DRA), Mr. Sybrand van der Spuy (Civil Engineer of DRA), Mr. Guy Wiid (Principal Consultant – Tailings and Waste Rock Facilities of Epoch Resources), and Mr. Stephanus (Fanie) Coetzee (Principal Consultant – Environmental and Social of Epoch Resources), all of whom are independent “Qualified Persons” as such term is defined in NI 43-101. Readers should consult the Kalana Technical Report to obtain further particulars regarding the Kalana Project, which contains the Kalana Main Project, the Kalana Mine, plus a number of mineral exploration prospects. The Company filed the Kalana Technical Report in support of the Feasibility Study and the ESIA on SEDAR on May 6, 2016. Avnel’s interim consolidated financial statements have been prepared in accordance with IFRS as issued by the International Accounting Standards Board (“IASB”) and the accounting policies adopted in accordance with IFRS. Management uses both IFRS and non-IFRS measures to monitor and assess the operating performance of the Company’s operations. Management uses certain non-IFRS performance measures to provide additional information, as the Company believes that certain investors use these measures to assess gold mining companies. These non-IFRS performance measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Non-IFRS performance measures do not have standardised definition under IFRS and therefore may not be comparable to similar measures presented by other organizations: “Cost per Tonne Milled” is calculated by dividing the relevant mining and processing costs and total costs by the tonnes of ore processed in the period. Management uses this measure as a possible indication of the mining and processing efficiency of the mine. “Cash Operating Cost” is calculated as reported production costs, which includes costs such as mining, processing, administration, non-site costs (transport and refining of metals, and community and environmental), less royalties paid. These costs are then divided by the number of ounces produced to arrive at “Cash Operating Cost per Ounce Produced” and are divided by the number of ounces sold to arrive at “Cash Operating Cost per Ounce Sold”, after taking into account certain inventory movements. These terms are commonly used by gold mining companies to assess the level of gross margin available to the company, typically by subtracting Cash Operating per Ounce Sold from the average per ounce price realised during the period. These terms are also often used as an indication of a mining company’s ability to generate cash flow from operations. “On-site All-in Sustaining Cost” is defined in the PEA by Snowden as mine site cash operating costs, which includes costs such as mining, processing, administration, but excludes non-site costs (transport and refining of metals and royalties), plus sustaining capital costs, which includes community, environmental, and closure costs. These costs are then divided by the number of ounces of expected production to arrive at “On-site All-in Sustaining Cost per Ounce”.


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

Brian Wieher brings more than 20 years of experience to the agency. St. Louis, MO, May 11, 2017 --( Wieher is an award-winning school nutrition specialist with more than 20 years of experience in developing, implementing and managing nutritional and other public health related programs. These programs include USDA Summer Food Service Program, as well as the Child and Adult Care Food Program. Child nutrition advocate Wieher has extensive background in project management, public relations, customer service, food service, and nutritional requirements for K-12 schools. “Brian will make an excellent addition to our team, particularly in regard to his overseeing and managing our upcoming Summer Food Service Program,” said Operation Food Search Executive Director Sunny Schaefer. “We welcome his insight and experience in spearheading this far-reaching program that will provide nutritious meals for our area’s food insecure children.” Founded in 1981, Operation Food Search (OFS) is a hunger relief organization that provides food and nutrition education. With a strategic focus aimed at ending childhood hunger, OFS empowers families with a range of programs and services proven to reduce food insecurity and increase access to healthy and affordable food. OFS helps feed more than 200,000 individuals on a monthly basis – one-third of which are children – through a network of 330 community partners in 31 Missouri and Illinois counties. Operation Food Search is located at 1644 Lotsie Blvd. For more information, call (314) 726-5355. St. Louis, MO, May 11, 2017 --( PR.com )-- Operation Food Search (OFS), a hunger relief organization that provides food to the area’s hungry, recently hired Brian Wieher as Director of Child Nutrition Programs. In this position, Wieher will manage OFS’ summer and after-school meal programs. He also will work with community partners to increase the number of children from birth to 18 years of age who are connected to nutritious food throughout the year.Wieher is an award-winning school nutrition specialist with more than 20 years of experience in developing, implementing and managing nutritional and other public health related programs. These programs include USDA Summer Food Service Program, as well as the Child and Adult Care Food Program. Child nutrition advocate Wieher has extensive background in project management, public relations, customer service, food service, and nutritional requirements for K-12 schools.“Brian will make an excellent addition to our team, particularly in regard to his overseeing and managing our upcoming Summer Food Service Program,” said Operation Food Search Executive Director Sunny Schaefer. “We welcome his insight and experience in spearheading this far-reaching program that will provide nutritious meals for our area’s food insecure children.”Founded in 1981, Operation Food Search (OFS) is a hunger relief organization that provides food and nutrition education. With a strategic focus aimed at ending childhood hunger, OFS empowers families with a range of programs and services proven to reduce food insecurity and increase access to healthy and affordable food.OFS helps feed more than 200,000 individuals on a monthly basis – one-third of which are children – through a network of 330 community partners in 31 Missouri and Illinois counties. Operation Food Search is located at 1644 Lotsie Blvd. For more information, call (314) 726-5355. Click here to view the list of recent Press Releases from Operation Food Search


News Article | May 11, 2017
Site: globenewswire.com

ST. PETER PORT, Guernsey, May 11, 2017 (GLOBE NEWSWIRE) -- Avnel Gold Mining Limited (“Avnel” or the “Company”) (TSX:AVK) is reporting that it has filed its unaudited Interim Consolidated Financial Statements and the related Management Discussion & Analysis (“MD&A”) for the three-month period ended March 31, 2017 on SEDAR. In March 2016 a positive Feasibility Study for the Kalana Main Project was completed and the related environmental and social impact assessment (the “ESIA”) and associated environmental and Social Management Plan (the “ESMP” have been approved by the Malian authorities. The approval of the ESIA was the key government approval required to advance the Kalana Main Project towards construction as the Kalana Exploitation Permit was awarded to Avnel in 2003 with an initial term of 30 years plus two ten year extensions. The Company continues to advance the Kalana Main Project towards a construction decision through its 80% ownership in Société d’Exploitation des Mines d’Or de Kalana, S.A. (“SOMIKA”). In January 2017 the company announced the results of an Optimisation of the Feasibility Study (see Kalana Main Project Optimisation below). The results enhanced the financial parameters for the project and reduced the execution risk for construction and operations. An engineering procurement and construction (the ”EPC”) Contract for the construction of the gold plant and associated infrastructure has been awarded to a Joint Venture of two international engineering companies namely DRA Mineral Services and Group Five. The EPC Contract has improved the construction period by 3 months and the fixed cost is within the Feasibility Study capex. A Power Supply Contract has been negotiated with an international power provider, subject to final documentation. The hybrid power plant will utilise solar and fossil fuels, reducing annual fuel consumption with financial and environmental benefits. The company issued a request for tender to international contract mining companies for the mining of the Kalana Main Project. Assuming positive results the project, financials will be enhanced and the execution risk reduced. The company advanced the resettlement action plan (the “RAP”) of impacted persons resulting from the future operation. Final urban planning approval for the extension of Kalana Town is expected by Quarter 3, 2017 and this will allow construction of new housing and public infrastructure to commence when funding is available. The RAP Commission to oversee the process was established by the Malian authorities and will implement the plan in consultation with all stakeholders according to Malian legislation and IFC Performance Standards. The Company is committed to construct and operate the Project in compliance with Malian legislation, the Equator Principles and IFC Performance Standards. Resources are being applied to the health, safety and environmental policies and systems to meet this commitment. Discussions are ongoing with banks and other financial institutions to provide financing for the development of the Kalana Main Project. The Company anticipates that the Kalana Main Project will be sufficiently advanced to consider a construction decision in 2017, subject to the availability of adequate financing on a timely basis. With respect to operations at the small, Soviet-era, underground mine (the “Kalana Mine”), gold production in the quarter to March 31, 2017 was 1,765 ounces. The Company continues to sustain operations to partially offset the cost of providing underground access to facilitate due diligence activities necessary to secure mine development financing. The continued operation of the underground mine also helps to maintain socio-economic stability in the local community as the workforce prepares to transition to activities related to the construction and operation of the proposed Kalana Main Project. The Company intends to sustain operations for as long as it is economically feasible and safe to do so, without incurring any significant capital expenditures, until such a time as the Company is able to commence construction of the Kalana Main Project. The directors recognise the continuing requirement for short term funding, working capital purposes, and in the longer term to build the proposed open pit mine operations of the Company which are dependent upon its ability to raise adequate financing. The directors believe that the required financing will be raised and in conjunction with management are actively pursuing various financing options with the major shareholders and are engaged in ongoing discussions with banks, financial institutions and other mining companies regarding proposals for financing. While these discussions are ongoing, it cannot be guaranteed that such financing will be available on a timely basis or on acceptable terms. In preparation for the approval to commence construction of the Kalana Main Project, a number of activities have progressed during the first quarter 2017: Located less than 3 km northeast of the Kalana Main Project and the milling facilities proposed in the OFS and the Feasibility Study, the Kalanako prospect is an old area of traditional mining activity. Several mineralised trends have been established from RC and diamond drilling at Kalanako, resulting in a single northwest-southeast corridor of 1,500 meters by 250 meters. These mineralised zones are typically less than 10-20 meters wide and appear to be steeply dipping to the East, often contain high-grade intercepts near surface (i.e. in the weathered zone). The depth of saprolite and saprock is between 70 m and 130 m, much deeper than that observed at the Kalana deposit. Diamond drilling at Kalanako intersected numerous high strain zones, packets of densely laminated quartz veins or vein stockwork with sulphides and locally highly altered and mineralised felsic intrusive rocks. Mineralisation is associated with these felsic intrusive rocks or quartz stockwork that occur along northwest-southeast striking shear zones, parallel or less than 10° in azimuth from the main IP boundary between a low and a high IP gradient domain. The March 2015 MRE for the Kalanako deposit was based upon information from 46 diamond drill holes and 232 RC drillholes. Historical drill-hole intersection were independently summarised and press-released in October 2016. A maiden Inferred In Situ Mineral Resource for Kalanako has been reported, which is summarised in the subsection titled “Mineral Resource Estimates”. An infill drilling programme of 8,635 meters has been successfully achieved in December 2016, on time and on budget and with an excellent productivity and safety record (no Lost Time Injury). This programme was focused on Kalanako's saprolite and saprock weathered domains, a depth considerably deeper than observed at Kalana Main (drillhole depth of 50-175 meters). A large part of the Kalanako prospect remains undrilled. The drilled portion of Kalanako is located at the central part of a 5 km long geophysical structure defined as a contact between low and high IP gradient domains. Kalanako is open on strike. Some large collapses above old artisanal underground developments in the north and more modern artisanal pits in the south, highlights the continuity of the mineralisation along the main northwest-southeast structure. Future drilling campaigns would target extensions along strike following our low-risk infill programme. Metal revenues decreased to $2,400,000 in the quarter to March 31, 2017 from $3,251,000 in the quarter to March 31, 2016. The decrease in revenue is a result of a 27% decrease in ounces sold from 2,696 ounces in the quarter to March 31, 2016 relative to 1,956 ounces in quarter to March 31, 2017, that was partly offset by a 2% increase in the realised average sales price of gold from $1,203 per ounce in the quarter to March 31, 2016 to $1,224 per ounce in the quarter to March 31, 2017. Total expenses remained at $3,800,000 in the quarter to March 31, 2017 compared to $3,811,000 in the quarter to March 31, 2016. Operating costs per ounce of gold sold for the quarter to March 31, 2017 increased from $832 per ounce to $1,311 per ounce resulting from reduced production. Avnel recorded a net loss of $3,548,000 ($0.008 attributable loss per share) for the quarter ended March 31, 2017 compared to a net loss of $745,000 ($0.001 attributable loss per share) in the quarter to March 31, 2016. Included in the quarter to March 31, 2017 is a loss on the fair value of derivative financial instruments of $2,012,000, compared to a loss of $175,000 in the quarter to March 31, 2016. The fair value accounting gains reported have no cash effect on the Company. As compared to the balance sheet as at December 31, 2016, Avnel’s cash and cash equivalents as at March 31, 2017 increased by $7,055,000 from $3,720,000 to $10,775,000 arising from cash proceeds from the exercise of warrants of $10,205,000, offset by cash used in operations of $2,721,000 and cash used in investing activities of $456,000. There was a working capital surplus of $12,927,000 as at March 31, 2017 compared to a working capital surplus of $8,336,000 as at December 31, 2016. Total assets increased from $24,815,000 as at December 31, 2016 to $32,549,000 at March 31, 2017. Total provisions increased from $3,653,000 as at December 31, 2016 to $3,707,000 at March 31, 2017. Total stockholders’ equity increased to $44,567,000 as at March 31, 2017 from $34,494,000 as at December 31, 2016. ABOUT AVNEL GOLD Avnel Gold is a TSX-listed gold mining, exploration and development company with operations in south-western Mali in West Africa. The Company’s strategic objective is to develop the Kalana Main Project into an open-pit mining operation through its 80% ownership in SOMIKA. A secondary objective of the Company is to explore the remainder of the 387 km2 Kalana Exploitation Permit to discover new mineral deposits. For further information, please contact: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this news release. This news release includes certain “forward-looking statements”. All statements, other than statements of historical fact, included in this release, including the future plans and objectives of Avnel Gold, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Avnel Gold’s expectations include, among others, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of gold and silver, as well as those factors discussed in the section entitled “Risk Factors” in Avnel Gold’s most recently completed Annual Information Form, which is available on SEDAR (www.sedar.com). Although Avnel Gold has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such 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. Except where indicated, the disclosure contained or incorporated into this news release of an economic, scientific or technical nature, has been summarised or extracted from the National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) compliant technical report titled “NI43-101 Technical Report on Kalana Main Project”, dated effective 1 April 2016 (the “Kalana Technical Report”), prepared by Snowden Mining Industry Consultants (Pty) Ltd. (“Snowden”), Denny Jones Ltd (“Denny Jones”), DRA Projects SA (Pty) Ltd (“DRA”) and Epoch Resources (Pty) Ltd (“Epoch Resources”). The Kalana Technical Report was prepared under the supervision of Mr. Allan Earl (Executive Consultant – Mining Engineering of Snowden), Mr. Ivor Jones (Executive Consultant – Applied Geosciences of Denny Jones), Mr. Glenn Bezuidenhout (Principal Process Engineer of DRA), Mr. Sybrand van der Spuy (Civil Engineer of DRA), Mr. Guy Wiid (Principal Consultant – Tailings and Waste Rock Facilities of Epoch Resources), and Mr. Stephanus (Fanie) Coetzee (Principal Consultant – Environmental and Social of Epoch Resources), all of whom are independent “Qualified Persons” as such term is defined in NI 43-101. Readers should consult the Kalana Technical Report to obtain further particulars regarding the Kalana Project, which contains the Kalana Main Project, the Kalana Mine, plus a number of mineral exploration prospects. The Company filed the Kalana Technical Report in support of the Feasibility Study and the ESIA on SEDAR on May 6, 2016. Avnel’s interim consolidated financial statements have been prepared in accordance with IFRS as issued by the International Accounting Standards Board (“IASB”) and the accounting policies adopted in accordance with IFRS. Management uses both IFRS and non-IFRS measures to monitor and assess the operating performance of the Company’s operations. Management uses certain non-IFRS performance measures to provide additional information, as the Company believes that certain investors use these measures to assess gold mining companies. These non-IFRS performance measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Non-IFRS performance measures do not have standardised definition under IFRS and therefore may not be comparable to similar measures presented by other organizations: “Cost per Tonne Milled” is calculated by dividing the relevant mining and processing costs and total costs by the tonnes of ore processed in the period. Management uses this measure as a possible indication of the mining and processing efficiency of the mine. “Cash Operating Cost” is calculated as reported production costs, which includes costs such as mining, processing, administration, non-site costs (transport and refining of metals, and community and environmental), less royalties paid. These costs are then divided by the number of ounces produced to arrive at “Cash Operating Cost per Ounce Produced” and are divided by the number of ounces sold to arrive at “Cash Operating Cost per Ounce Sold”, after taking into account certain inventory movements. These terms are commonly used by gold mining companies to assess the level of gross margin available to the company, typically by subtracting Cash Operating per Ounce Sold from the average per ounce price realised during the period. These terms are also often used as an indication of a mining company’s ability to generate cash flow from operations. “On-site All-in Sustaining Cost” is defined in the PEA by Snowden as mine site cash operating costs, which includes costs such as mining, processing, administration, but excludes non-site costs (transport and refining of metals and royalties), plus sustaining capital costs, which includes community, environmental, and closure costs. These costs are then divided by the number of ounces of expected production to arrive at “On-site All-in Sustaining Cost per Ounce”.


News Article | May 11, 2017
Site: globenewswire.com

ST. PETER PORT, Guernsey, May 11, 2017 (GLOBE NEWSWIRE) -- Avnel Gold Mining Limited (“Avnel” or the “Company”) (TSX:AVK) is reporting that it has filed its unaudited Interim Consolidated Financial Statements and the related Management Discussion & Analysis (“MD&A”) for the three-month period ended March 31, 2017 on SEDAR. In March 2016 a positive Feasibility Study for the Kalana Main Project was completed and the related environmental and social impact assessment (the “ESIA”) and associated environmental and Social Management Plan (the “ESMP” have been approved by the Malian authorities. The approval of the ESIA was the key government approval required to advance the Kalana Main Project towards construction as the Kalana Exploitation Permit was awarded to Avnel in 2003 with an initial term of 30 years plus two ten year extensions. The Company continues to advance the Kalana Main Project towards a construction decision through its 80% ownership in Société d’Exploitation des Mines d’Or de Kalana, S.A. (“SOMIKA”). In January 2017 the company announced the results of an Optimisation of the Feasibility Study (see Kalana Main Project Optimisation below). The results enhanced the financial parameters for the project and reduced the execution risk for construction and operations. An engineering procurement and construction (the ”EPC”) Contract for the construction of the gold plant and associated infrastructure has been awarded to a Joint Venture of two international engineering companies namely DRA Mineral Services and Group Five. The EPC Contract has improved the construction period by 3 months and the fixed cost is within the Feasibility Study capex. A Power Supply Contract has been negotiated with an international power provider, subject to final documentation. The hybrid power plant will utilise solar and fossil fuels, reducing annual fuel consumption with financial and environmental benefits. The company issued a request for tender to international contract mining companies for the mining of the Kalana Main Project. Assuming positive results the project, financials will be enhanced and the execution risk reduced. The company advanced the resettlement action plan (the “RAP”) of impacted persons resulting from the future operation. Final urban planning approval for the extension of Kalana Town is expected by Quarter 3, 2017 and this will allow construction of new housing and public infrastructure to commence when funding is available. The RAP Commission to oversee the process was established by the Malian authorities and will implement the plan in consultation with all stakeholders according to Malian legislation and IFC Performance Standards. The Company is committed to construct and operate the Project in compliance with Malian legislation, the Equator Principles and IFC Performance Standards. Resources are being applied to the health, safety and environmental policies and systems to meet this commitment. Discussions are ongoing with banks and other financial institutions to provide financing for the development of the Kalana Main Project. The Company anticipates that the Kalana Main Project will be sufficiently advanced to consider a construction decision in 2017, subject to the availability of adequate financing on a timely basis. With respect to operations at the small, Soviet-era, underground mine (the “Kalana Mine”), gold production in the quarter to March 31, 2017 was 1,765 ounces. The Company continues to sustain operations to partially offset the cost of providing underground access to facilitate due diligence activities necessary to secure mine development financing. The continued operation of the underground mine also helps to maintain socio-economic stability in the local community as the workforce prepares to transition to activities related to the construction and operation of the proposed Kalana Main Project. The Company intends to sustain operations for as long as it is economically feasible and safe to do so, without incurring any significant capital expenditures, until such a time as the Company is able to commence construction of the Kalana Main Project. The directors recognise the continuing requirement for short term funding, working capital purposes, and in the longer term to build the proposed open pit mine operations of the Company which are dependent upon its ability to raise adequate financing. The directors believe that the required financing will be raised and in conjunction with management are actively pursuing various financing options with the major shareholders and are engaged in ongoing discussions with banks, financial institutions and other mining companies regarding proposals for financing. While these discussions are ongoing, it cannot be guaranteed that such financing will be available on a timely basis or on acceptable terms. In preparation for the approval to commence construction of the Kalana Main Project, a number of activities have progressed during the first quarter 2017: Located less than 3 km northeast of the Kalana Main Project and the milling facilities proposed in the OFS and the Feasibility Study, the Kalanako prospect is an old area of traditional mining activity. Several mineralised trends have been established from RC and diamond drilling at Kalanako, resulting in a single northwest-southeast corridor of 1,500 meters by 250 meters. These mineralised zones are typically less than 10-20 meters wide and appear to be steeply dipping to the East, often contain high-grade intercepts near surface (i.e. in the weathered zone). The depth of saprolite and saprock is between 70 m and 130 m, much deeper than that observed at the Kalana deposit. Diamond drilling at Kalanako intersected numerous high strain zones, packets of densely laminated quartz veins or vein stockwork with sulphides and locally highly altered and mineralised felsic intrusive rocks. Mineralisation is associated with these felsic intrusive rocks or quartz stockwork that occur along northwest-southeast striking shear zones, parallel or less than 10° in azimuth from the main IP boundary between a low and a high IP gradient domain. The March 2015 MRE for the Kalanako deposit was based upon information from 46 diamond drill holes and 232 RC drillholes. Historical drill-hole intersection were independently summarised and press-released in October 2016. A maiden Inferred In Situ Mineral Resource for Kalanako has been reported, which is summarised in the subsection titled “Mineral Resource Estimates”. An infill drilling programme of 8,635 meters has been successfully achieved in December 2016, on time and on budget and with an excellent productivity and safety record (no Lost Time Injury). This programme was focused on Kalanako's saprolite and saprock weathered domains, a depth considerably deeper than observed at Kalana Main (drillhole depth of 50-175 meters). A large part of the Kalanako prospect remains undrilled. The drilled portion of Kalanako is located at the central part of a 5 km long geophysical structure defined as a contact between low and high IP gradient domains. Kalanako is open on strike. Some large collapses above old artisanal underground developments in the north and more modern artisanal pits in the south, highlights the continuity of the mineralisation along the main northwest-southeast structure. Future drilling campaigns would target extensions along strike following our low-risk infill programme. Metal revenues decreased to $2,400,000 in the quarter to March 31, 2017 from $3,251,000 in the quarter to March 31, 2016. The decrease in revenue is a result of a 27% decrease in ounces sold from 2,696 ounces in the quarter to March 31, 2016 relative to 1,956 ounces in quarter to March 31, 2017, that was partly offset by a 2% increase in the realised average sales price of gold from $1,203 per ounce in the quarter to March 31, 2016 to $1,224 per ounce in the quarter to March 31, 2017. Total expenses remained at $3,800,000 in the quarter to March 31, 2017 compared to $3,811,000 in the quarter to March 31, 2016. Operating costs per ounce of gold sold for the quarter to March 31, 2017 increased from $832 per ounce to $1,311 per ounce resulting from reduced production. Avnel recorded a net loss of $3,548,000 ($0.008 attributable loss per share) for the quarter ended March 31, 2017 compared to a net loss of $745,000 ($0.001 attributable loss per share) in the quarter to March 31, 2016. Included in the quarter to March 31, 2017 is a loss on the fair value of derivative financial instruments of $2,012,000, compared to a loss of $175,000 in the quarter to March 31, 2016. The fair value accounting gains reported have no cash effect on the Company. As compared to the balance sheet as at December 31, 2016, Avnel’s cash and cash equivalents as at March 31, 2017 increased by $7,055,000 from $3,720,000 to $10,775,000 arising from cash proceeds from the exercise of warrants of $10,205,000, offset by cash used in operations of $2,721,000 and cash used in investing activities of $456,000. There was a working capital surplus of $12,927,000 as at March 31, 2017 compared to a working capital surplus of $8,336,000 as at December 31, 2016. Total assets increased from $24,815,000 as at December 31, 2016 to $32,549,000 at March 31, 2017. Total provisions increased from $3,653,000 as at December 31, 2016 to $3,707,000 at March 31, 2017. Total stockholders’ equity increased to $44,567,000 as at March 31, 2017 from $34,494,000 as at December 31, 2016. ABOUT AVNEL GOLD Avnel Gold is a TSX-listed gold mining, exploration and development company with operations in south-western Mali in West Africa. The Company’s strategic objective is to develop the Kalana Main Project into an open-pit mining operation through its 80% ownership in SOMIKA. A secondary objective of the Company is to explore the remainder of the 387 km2 Kalana Exploitation Permit to discover new mineral deposits. For further information, please contact: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this news release. This news release includes certain “forward-looking statements”. All statements, other than statements of historical fact, included in this release, including the future plans and objectives of Avnel Gold, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Avnel Gold’s expectations include, among others, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of gold and silver, as well as those factors discussed in the section entitled “Risk Factors” in Avnel Gold’s most recently completed Annual Information Form, which is available on SEDAR (www.sedar.com). Although Avnel Gold has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such 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. Except where indicated, the disclosure contained or incorporated into this news release of an economic, scientific or technical nature, has been summarised or extracted from the National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) compliant technical report titled “NI43-101 Technical Report on Kalana Main Project”, dated effective 1 April 2016 (the “Kalana Technical Report”), prepared by Snowden Mining Industry Consultants (Pty) Ltd. (“Snowden”), Denny Jones Ltd (“Denny Jones”), DRA Projects SA (Pty) Ltd (“DRA”) and Epoch Resources (Pty) Ltd (“Epoch Resources”). The Kalana Technical Report was prepared under the supervision of Mr. Allan Earl (Executive Consultant – Mining Engineering of Snowden), Mr. Ivor Jones (Executive Consultant – Applied Geosciences of Denny Jones), Mr. Glenn Bezuidenhout (Principal Process Engineer of DRA), Mr. Sybrand van der Spuy (Civil Engineer of DRA), Mr. Guy Wiid (Principal Consultant – Tailings and Waste Rock Facilities of Epoch Resources), and Mr. Stephanus (Fanie) Coetzee (Principal Consultant – Environmental and Social of Epoch Resources), all of whom are independent “Qualified Persons” as such term is defined in NI 43-101. Readers should consult the Kalana Technical Report to obtain further particulars regarding the Kalana Project, which contains the Kalana Main Project, the Kalana Mine, plus a number of mineral exploration prospects. The Company filed the Kalana Technical Report in support of the Feasibility Study and the ESIA on SEDAR on May 6, 2016. Avnel’s interim consolidated financial statements have been prepared in accordance with IFRS as issued by the International Accounting Standards Board (“IASB”) and the accounting policies adopted in accordance with IFRS. Management uses both IFRS and non-IFRS measures to monitor and assess the operating performance of the Company’s operations. Management uses certain non-IFRS performance measures to provide additional information, as the Company believes that certain investors use these measures to assess gold mining companies. These non-IFRS performance measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Non-IFRS performance measures do not have standardised definition under IFRS and therefore may not be comparable to similar measures presented by other organizations: “Cost per Tonne Milled” is calculated by dividing the relevant mining and processing costs and total costs by the tonnes of ore processed in the period. Management uses this measure as a possible indication of the mining and processing efficiency of the mine. “Cash Operating Cost” is calculated as reported production costs, which includes costs such as mining, processing, administration, non-site costs (transport and refining of metals, and community and environmental), less royalties paid. These costs are then divided by the number of ounces produced to arrive at “Cash Operating Cost per Ounce Produced” and are divided by the number of ounces sold to arrive at “Cash Operating Cost per Ounce Sold”, after taking into account certain inventory movements. These terms are commonly used by gold mining companies to assess the level of gross margin available to the company, typically by subtracting Cash Operating per Ounce Sold from the average per ounce price realised during the period. These terms are also often used as an indication of a mining company’s ability to generate cash flow from operations. “On-site All-in Sustaining Cost” is defined in the PEA by Snowden as mine site cash operating costs, which includes costs such as mining, processing, administration, but excludes non-site costs (transport and refining of metals and royalties), plus sustaining capital costs, which includes community, environmental, and closure costs. These costs are then divided by the number of ounces of expected production to arrive at “On-site All-in Sustaining Cost per Ounce”.


News Article | May 19, 2017
Site: www.PR.com

St. Louis agency partners with AmeriCorps, credit union and library to provide hunger relief. St. Louis, MO, May 19, 2017 --( Enter Operation Food Search (OFS), a non-profit hunger relief organization, which has teamed up with new area partners to create additional avenues and expand existing methods for feeding children 18 years of age and younger. The Summer Food Service Program (SFSP), which is funded by the USDA, ensures that children continue to receive nutritious meals when school is not in session. The summer meal program begins June 5 and runs through Aug. 11 with mobile and stationary service Mon. through Fri. In 2012, OFS sponsored SFSP at a single location, serving 5,000 meals to children. Last year the organization served nearly 100,000 meals at a combination of stationary and mobile sites throughout the St. Louis region. The introduction of the mobile meals concept proved successful in breaking down transportation barriers and increased access to healthy food. As a result, child participation at OFS-sponsored sites grew by 40% over summer 2015. This year the mobile meal vans will expand from 16 locations to a total of 33. New collaborations and extended services include: · OFS will team up with 20 AmeriCorps leaders who are part of the Corporation for National and Community Service, a federal agency that helps millions of Americans improve the lives of their fellow citizens through service. Along with meal service, AmeriCorps volunteers will provide educational interaction and entertaining activities. · The St. Louis Public Library – which has five locations – will now feature the OFS mobile route service at the following branch locations: Carpenter, Carondelet, Central, Divoll, and Walnut Park. OFS has offered the stationary option at several St. Louis County Libraries since 2014 and will continue this year. · St. Louis Community Credit Union – which has three of its 15 locations for distribution sites – will now feature OFS mobile route service at the following branches: Gateway (Union and Natural Bridge), Pagedale (24:1 Wealth Accumulation Center), and Benton Park (South City Wealth Accumulation Center). · Community pop-up pantries, which will be held on five Fridays throughout the summer, will provide shelf-stable food, fresh fruits and vegetables, and on-site cooking demonstrations. The pop-up pantries will be located on the existing mobile routes to ensure access to healthy food over the weekend. The SFSP is administered by the Missouri Department of Health and Senior Services (MDHSS) and funded by the U.S. Department of Agriculture (USDA). “This program is a part of our campaign to end childhood hunger and combat the toxic stress that threatens our area’s youth,” said Operation Food Search Executive Director Sunny Schaefer. “We greatly appreciate the far-reaching community support we have received this year because it allows us to help those who would otherwise go hungry during the summer.” Founded in 1981, Operation Food Search (OFS) is a hunger relief organization that provides food and nutrition education. With a strategic focus aimed at ending childhood hunger, OFS empowers families with a range of programs and services proven to reduce food insecurity and increase access to healthy and affordable food. OFS is located at 1644 Lotsie Blvd. For more information, call (314) 726-5355. St. Louis, MO, May 19, 2017 --( PR.com )-- No matter how hot St. Louis summers get, children – approximately 173,000 in our bi-state region – still need to be fed.Enter Operation Food Search (OFS), a non-profit hunger relief organization, which has teamed up with new area partners to create additional avenues and expand existing methods for feeding children 18 years of age and younger. The Summer Food Service Program (SFSP), which is funded by the USDA, ensures that children continue to receive nutritious meals when school is not in session. The summer meal program begins June 5 and runs through Aug. 11 with mobile and stationary service Mon. through Fri.In 2012, OFS sponsored SFSP at a single location, serving 5,000 meals to children. Last year the organization served nearly 100,000 meals at a combination of stationary and mobile sites throughout the St. Louis region. The introduction of the mobile meals concept proved successful in breaking down transportation barriers and increased access to healthy food. As a result, child participation at OFS-sponsored sites grew by 40% over summer 2015. This year the mobile meal vans will expand from 16 locations to a total of 33.New collaborations and extended services include:· OFS will team up with 20 AmeriCorps leaders who are part of the Corporation for National and Community Service, a federal agency that helps millions of Americans improve the lives of their fellow citizens through service. Along with meal service, AmeriCorps volunteers will provide educational interaction and entertaining activities.· The St. Louis Public Library – which has five locations – will now feature the OFS mobile route service at the following branch locations: Carpenter, Carondelet, Central, Divoll, and Walnut Park. OFS has offered the stationary option at several St. Louis County Libraries since 2014 and will continue this year.· St. Louis Community Credit Union – which has three of its 15 locations for distribution sites – will now feature OFS mobile route service at the following branches: Gateway (Union and Natural Bridge), Pagedale (24:1 Wealth Accumulation Center), and Benton Park (South City Wealth Accumulation Center).· Community pop-up pantries, which will be held on five Fridays throughout the summer, will provide shelf-stable food, fresh fruits and vegetables, and on-site cooking demonstrations. The pop-up pantries will be located on the existing mobile routes to ensure access to healthy food over the weekend.The SFSP is administered by the Missouri Department of Health and Senior Services (MDHSS) and funded by the U.S. Department of Agriculture (USDA).“This program is a part of our campaign to end childhood hunger and combat the toxic stress that threatens our area’s youth,” said Operation Food Search Executive Director Sunny Schaefer. “We greatly appreciate the far-reaching community support we have received this year because it allows us to help those who would otherwise go hungry during the summer.”Founded in 1981, Operation Food Search (OFS) is a hunger relief organization that provides food and nutrition education. With a strategic focus aimed at ending childhood hunger, OFS empowers families with a range of programs and services proven to reduce food insecurity and increase access to healthy and affordable food.OFS is located at 1644 Lotsie Blvd. For more information, call (314) 726-5355. Click here to view the list of recent Press Releases from Operation Food Search


News Article | May 19, 2017
Site: www.prlog.org

National Guardian Life Insurance Company (NGL) located in Madison, WI received the Business Supporter Award from Operation Fresh Start. NGL was given the award for its philanthropic support in the community. -- National Guardian Life Insurance Company (NGL) was honored to receive the Business Supporter Award presented by Operation Fresh Start (OFS). NGL accepted the award during the Fresh Start Awards Luncheon on May 12.OFS is a nonprofit that provides and promotes employment training, mentoring and education opportunities to Dane County youth ages 16 to 24. Founded in 1970, OFS has offered its services to more than 8,000 youth and adults who were looking to better their lives. NGL has supported OFS programming for five years."We understand the value and the need to support an organization like Operation Fresh Start. It's a beneficial community resource that provides an opportunity for youth to learn not only job training, but leadership skills, education and a solid work ethic. For youth it's a fresh start down the path to become a productive member of society. It's an organization that truly makes a life changing impact on a person's life," said Mark Solverud, NGL President & CEO.Solverud continued, "NGL is proud to be recognized for its support of OFS.  We want to share that recognition with the corporations and individuals who donate to OFS. In addition, we want to acknowledge and thank all of the employees, the Board, the officers, the volunteers and anyone connected to the organization."A nonprofit 501 (c)(3) organization, Operation Fresh Start has provided comprehensive employment and training services to over 8,000 youth and adults in Dane County, Wisconsin since 1970. For more information, visit www.operationfreshstart.org Since 1910, National Guardian Life Insurance Company ( https://www.nglic.com/ home , a mutual insurance company, has been located in Madison, Wis. Licensed to do business in 49 states and the District of Columbia, NGL markets preneed and individual life and annuities, as well as group markets products including specialty and student insurance. Additional information about NGL can be found at www.nglic.com;Facebook: Facebook.com/NGLIC and LinkedIn: https://www.linkedin.com/company/national-guardian-life-insurance-companyNational Guardian Life Insurance Company is not affiliated with The Guardian Life Insurance Company of America a/k/a The Guardian or Guardian Life.


News Article | May 22, 2017
Site: www.prweb.com

Allied Power Group (“Allied” or the “Company”) announced today the appointment of David (Dave) Theis as President and Chief Operating Officer. Mr. Theis brings over thirty (30) years of successful operational, business development and strategic leadership experience to Allied, most notably founding and growing Leading Edge Turbine Technologies, which was acquired by Dresser-Rand during 2010. Most recently, Mr. Theis served as Senior Vice-President at PAS Technologies, Inc., where he led the Company's global sales organization and energy business. “I’m extremely pleased to welcome Dave to our growing team,” said Bruce Agardy, CEO of Allied. “The addition of Mr. Theis fortifies the Company’s strong position and reputation in the industrial gas turbine aftermarket, and serves to enhance the Company’s existing growth initiatives in rotor repair, field services and manufacturing of new replacement components.” Mr. Theis said, “I look forward to working alongside Allied’s existing management team and helping achieve the Company’s strategic vision. From my perspective, Allied is the most well-positioned, well-capitalized independent provider of a fully-integrated suite of industrial gas turbine products and services. I look forward to continuing to foster Allied’s strong reputation of true partnership with its customers.” Jerad McMayon, a Partner with OFS Energy Fund and Chairman of the Board of Directors, added, “Since our investment in Allied in late 2015, we have been pleased with the Company’s growth trajectory. The addition of Mr. Theis will provide even greater momentum for executing on the Company’s strategic plans.” About Allied Allied Power Group is a growing independent provider of critical components and services to its customers in the power generation, refining, pipeline and general industrial sectors. Allied’s fully-integrated suite of Industrial Gas Turbine products & services include engineered inspections and repairs, specialized coatings, precision manufacturing of replacement components, experienced field service professionals, multi-faceted rotor repair and an expansive inventory of refurbished parts. The Allied team is comprised of seasoned industry veterans with expertise in engineering and access to the latest technology which allow it to provide its customers with innovative and flexible solutions. Allied’s mission is to consistently partner with its customers to provide targeted engineered solutions that maximize asset readiness and reliability, while alleviating unnecessary risk. About OFS Energy Fund Houston-based OFS Energy Fund is a private equity firm that specializes in acquiring and recapitalizing lower middle-market energy service companies. OFS seeks to provide capital to business owners in the form of buyouts, recapitalizations and growth equity investments. OFS currently has in excess of $300 million of committed private equity capital under management across its Fund II and Fund III. Additionally, OFS lends industry relationships, ideas for operational improvement and support in developing strategic growth plans and initiatives. For more information please visit http://www.ofsfund.com.


News Article | May 26, 2017
Site: www.PR.com

St. Louis, MO, May 26, 2017 --( Operation Food Search (OFS), a local relief organization dedicated to ending childhood hunger and family food insecurity in the St. Louis bi-state region, was recently awarded $28,744 from the Episcopal Presbyterian Health Trust. The money will be used to support OFS’ mobile summer meals program, which is part of the agency’s five-year-old Summer Food Service Program (SFSP). Episcopal Presbyterian Health Trust (EPHT) represents a diocesan commitment shared by the Episcopal Diocese of Missouri and the Presbytery of Giddings-Lovejoy to the St. Louis region. The two denominations first partnered to support St. Luke’s Hospital in 1948 and, since that time, their work has demonstrated how jointly pursuing their missions and ministries can create extraordinary change for the community. This is the second year OFS’ summer program has utilized mobile vans, and it will be the first year the expanded service will distribute meals at 33 locations. Designed to feed children 18 years of age and younger, the no-cost mobile service is available Mon. through Fri. from June 5 through Aug. 11. Children will also engage in fun activities that stimulate young minds and bodies, as well as encourage positive peer interactions. OFS will hold complimentary community pop-up pantries, which will provide supplies and instructions for families to prepare healthy, delicious meals over the weekend, on the mobile meals route. The mobile summer meals program targets children losing school year access to breakfasts and lunches provided by the National School Breakfast and Lunch Program, which equates to 10 meals per week per child. As a result, the food budget during summer months for low-income families rises by $300, or nearly $1,000, over a three-month period. “This grant will greatly support our mobile meal’s model, which is a game changer for children living in high need, low resource communities,” said Operation Food Search Executive Director Sunny Schaefer. “These children are more vulnerable to hunger and summer learning loss since they have little access to camps or organized learning opportunities. We do our best to help them stay fed and remain mentally challenged throughout the summer.” Founded in 1981, Operation Food Search (OFS) is a hunger relief organization that provides food and nutrition education. With a strategic focus aimed at ending childhood hunger, OFS empowers families with a range of programs and services proven to reduce food insecurity and increase access to healthy and affordable food. The agency helps feed more than 200,000 individuals on a monthly basis – one-third of which are children – through a network of 330 community partners in 31 Missouri and Illinois counties. OFS is headquartered at 1644 Lotsie Blvd. For more information, call (314) 726-5355. St. Louis, MO, May 26, 2017 --( PR.com )-- A St. Louis summer meal program just received a much-needed boost that will make a monumental difference in the lives of food insecure children.Operation Food Search (OFS), a local relief organization dedicated to ending childhood hunger and family food insecurity in the St. Louis bi-state region, was recently awarded $28,744 from the Episcopal Presbyterian Health Trust. The money will be used to support OFS’ mobile summer meals program, which is part of the agency’s five-year-old Summer Food Service Program (SFSP).Episcopal Presbyterian Health Trust (EPHT) represents a diocesan commitment shared by the Episcopal Diocese of Missouri and the Presbytery of Giddings-Lovejoy to the St. Louis region. The two denominations first partnered to support St. Luke’s Hospital in 1948 and, since that time, their work has demonstrated how jointly pursuing their missions and ministries can create extraordinary change for the community.This is the second year OFS’ summer program has utilized mobile vans, and it will be the first year the expanded service will distribute meals at 33 locations. Designed to feed children 18 years of age and younger, the no-cost mobile service is available Mon. through Fri. from June 5 through Aug. 11. Children will also engage in fun activities that stimulate young minds and bodies, as well as encourage positive peer interactions. OFS will hold complimentary community pop-up pantries, which will provide supplies and instructions for families to prepare healthy, delicious meals over the weekend, on the mobile meals route.The mobile summer meals program targets children losing school year access to breakfasts and lunches provided by the National School Breakfast and Lunch Program, which equates to 10 meals per week per child. As a result, the food budget during summer months for low-income families rises by $300, or nearly $1,000, over a three-month period.“This grant will greatly support our mobile meal’s model, which is a game changer for children living in high need, low resource communities,” said Operation Food Search Executive Director Sunny Schaefer. “These children are more vulnerable to hunger and summer learning loss since they have little access to camps or organized learning opportunities. We do our best to help them stay fed and remain mentally challenged throughout the summer.”Founded in 1981, Operation Food Search (OFS) is a hunger relief organization that provides food and nutrition education. With a strategic focus aimed at ending childhood hunger, OFS empowers families with a range of programs and services proven to reduce food insecurity and increase access to healthy and affordable food. The agency helps feed more than 200,000 individuals on a monthly basis – one-third of which are children – through a network of 330 community partners in 31 Missouri and Illinois counties. OFS is headquartered at 1644 Lotsie Blvd. For more information, call (314) 726-5355. Click here to view the list of recent Press Releases from Operation Food Search


News Article | June 12, 2017
Site: www.prnewswire.com

The new InvisiLight Façade Solution is offered with a twelve or twenty four fiber count indoor/outdoor rated cable, which can be installed on the face of a building or tucked behind other outdoor structures such as rain water downspouts. The two cables have a 3.0mm and 3.8mm diameter respectively and can be factory pre-terminated or connectorized on site with a fusion splice or a mechanical connector. During installation, the cables are connected to an outdoor building terminal that is usually installed at the base of a building. From the terminal, the cable can be installed vertically on the face of the building into the attic and be connected to a distribution terminal from which EZ-Bend® Fiber Optic Cables can be fished down into living units. Alternatively, the cable can be placed along the building facade using clips to pass each living unit with compact slack loops placed outside or inside the unit. From this point, the optical fiber can easily be extracted to connect to the other InvisiLight solutions to reach the Optical Network Terminal (ONT). OFS' class-leading EZ-Bend Optical Fiber is used in the InvisiLight Façade cable and all InvisiLight products. With its 2.5 mm bend radius, this fiber easily handles the sharp corners typically encountered when conforming the cable neatly to the building. Since 2012, OFS has revolutionized the deployment of discrete and easily installable solutions for buildings and homes with InvisiLight Solutions. The InvisiLight Façade Solution solves an old pain point of visible exterior cabling or raceways, with a new virtually invisible approach to place fiber on and into buildings. To view these products and solutions or for more information, please visit us at Booth #601. OFS is a world-leading designer, manufacturer and provider of optical fiber, optical fiber cable, connectivity, FTTx and specialty photonics solutions.  Our marketing, sales, manufacturing and research teams provide forward-looking, innovative products and solutions in areas including Communications, Medicine, Industrial Networking, Sensing, Aerospace and Defense applications. We provide reliable, cost effective optical solutions to enable our customers to meet the needs of today's and tomorrow's digital and energy consumers and businesses. OFS' corporate lineage dates back to 1876 and includes technology powerhouses such as AT&T and Lucent Technologies. Today, OFS is owned by Furukawa Electric, a multi-billion dollar global leader in optical communications. For more information, please visit www.ofsoptics.com. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ofs-launches-invisilight-facade-solution-300472257.html

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