Houston, TX, United States
Houston, TX, United States

Union Carbide Corporation is a wholly owned subsidiary of Dow Chemical Company. It currently employs more than 2,400 people. Union Carbide produces chemicals and polymers that undergo one or more further conversions by customers before reaching consumers. Some are high-volume commodities and others are specialty products meeting the needs of smaller markets. Markets served include paints and coatings, packaging, wire and cable, household products, personal care, pharmaceuticals, automotive, textiles, agriculture, and oil and gas. The company is a former component of the Dow Jones Industrial Average.Founded in 1917, the company's researchers developed an economical way to make ethylene from natural gas liquids, such as ethane and propane, giving birth to the modern petrochemical industry. Before divesting them, the chemical giant owned consumer products Eveready and Energizer batteries, Glad bags and wraps, Simoniz car wax, and Prestone antifreeze. The company divested other businesses before being acquired by Dow Chemical on February 6, 2001, including electronic chemicals, polyurethane intermediates, industrial gases and carbon products. Wikipedia.


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

Receive press releases from The Knowledge Group: By Email New York, NY, May 11, 2017 --( For further details, please visit: https://theknowledgegroup.org/event-homepage/?event_id=2581 About Colin K. Kelly Colin Kelly is a partner in Alston & Bird’s Products Liability and Litigation & Trial Practice Groups. He focuses his practice in the areas of product liability defense and mass tort defense and has bet-the-company crisis management experience. Colin is currently serving as national counsel to U-Haul International in its serious and fatal product liability matters and has represented the company in more than 10 states. He has a history of trying difficult cases in difficult places. Over the past seven years, he has tried eight fatal cancer cases (four to verdict) in Boston, Baltimore, Miami, Ft. Lauderdale and Waycross, Georgia, for Union Carbide Corporation. Over the past decade, Colin has litigated complex matters for many Fortune 100 companies and has prepared cases for trial in 41 states. About Alston & Bird LLP Alston & Bird is a leading national law firm whose core practice areas are intellectual property, complex litigation, corporate and tax, with national industry focuses that include financial services, technology, health care, manufacturing, life sciences and energy. The firm has built a reputation as one of the country’s best employers, appearing on Fortune magazine’s ranking of the “100 Best Companies to Work For” 18 consecutive years, an unprecedented accomplishment among law firms in the United States. The firm has offices in Atlanta, Beijing, Brussels, Charlotte, Dallas, Los Angeles, New York, Research Triangle, Silicon Valley and Washington, D.C. Event Synopsis: In 2016, there were a number of high-profile products recalled from wide-range of consumer markets (from automobiles to mobile phones). For many companies, a simple safety recall can bring a regulatory nightmare, adverse publicity, and potentially class action lawsuits. To successfully navigate the risks of a product recall, it is important that companies understand their legal rights and obligations under federal and state regulations. It is also helpful for companies to work out a strategy to ensure that a product recall is both effective and efficient. The Knowledge Group has assembled a panel of key thought leaders to provide the audience with a full overview of the anatomy of a product recall (starting with the decision itself and ending with lessons learned from litigation involving recalled products). The speakers will also offer guidance and crisis/risk management considerations in executing a product recall to avoid common pitfalls. Some of the major topics that will be covered in this course are: - Overview of a Product Recall - Reporting and Investigations – Regulatory noncompliance vs. safety defect - Recall Planning and Best Practices - Recall Trends - Post-Recall Litigation Planning/Risk Mitigation - Best Practices for Mitigating Litigation Risk During a Recall - Joint Litigation/Recall Crisis Management Reflections - Recent Recalls and Impact of Recalls on Litigation - Recent recalls and related lawsuits - Recall issues in product litigation About The Knowledge Group /The Knowledge Congress Live Webcast Series The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/ New York, NY, May 11, 2017 --( PR.com )-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Colin K. Kelly, Partner, Alston & Bird LLP will speak at the Knowledge Group’s webcast entitled: “Implications of the 2016 Product Recalls to the 2017 Product Liability Landscape.” This event is scheduled for June 01, 2017 at 3:00 PM - 5:00 PM ET.For further details, please visit: https://theknowledgegroup.org/event-homepage/?event_id=2581About Colin K. KellyColin Kelly is a partner in Alston & Bird’s Products Liability and Litigation & Trial Practice Groups. He focuses his practice in the areas of product liability defense and mass tort defense and has bet-the-company crisis management experience. Colin is currently serving as national counsel to U-Haul International in its serious and fatal product liability matters and has represented the company in more than 10 states. He has a history of trying difficult cases in difficult places. Over the past seven years, he has tried eight fatal cancer cases (four to verdict) in Boston, Baltimore, Miami, Ft. Lauderdale and Waycross, Georgia, for Union Carbide Corporation. Over the past decade, Colin has litigated complex matters for many Fortune 100 companies and has prepared cases for trial in 41 states.About Alston & Bird LLPAlston & Bird is a leading national law firm whose core practice areas are intellectual property, complex litigation, corporate and tax, with national industry focuses that include financial services, technology, health care, manufacturing, life sciences and energy. The firm has built a reputation as one of the country’s best employers, appearing on Fortune magazine’s ranking of the “100 Best Companies to Work For” 18 consecutive years, an unprecedented accomplishment among law firms in the United States. The firm has offices in Atlanta, Beijing, Brussels, Charlotte, Dallas, Los Angeles, New York, Research Triangle, Silicon Valley and Washington, D.C.Event Synopsis:In 2016, there were a number of high-profile products recalled from wide-range of consumer markets (from automobiles to mobile phones). For many companies, a simple safety recall can bring a regulatory nightmare, adverse publicity, and potentially class action lawsuits. To successfully navigate the risks of a product recall, it is important that companies understand their legal rights and obligations under federal and state regulations. It is also helpful for companies to work out a strategy to ensure that a product recall is both effective and efficient.The Knowledge Group has assembled a panel of key thought leaders to provide the audience with a full overview of the anatomy of a product recall (starting with the decision itself and ending with lessons learned from litigation involving recalled products). The speakers will also offer guidance and crisis/risk management considerations in executing a product recall to avoid common pitfalls.Some of the major topics that will be covered in this course are:- Overview of a Product Recall- Reporting and Investigations – Regulatory noncompliance vs. safety defect- Recall Planning and Best Practices- Recall Trends- Post-Recall Litigation Planning/Risk Mitigation- Best Practices for Mitigating Litigation Risk During a Recall- Joint Litigation/Recall Crisis Management Reflections- Recent Recalls and Impact of Recalls on Litigation- Recent recalls and related lawsuits- Recall issues in product litigationAbout The Knowledge Group /The Knowledge Congress Live Webcast SeriesThe Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/ Click here to view the company profile of The Knowledge Group Click here to view the list of recent Press Releases from The Knowledge Group


SANTA ROSA, CA, May 09, 2017-- Dr. Douglas Fuerstenau has been included in Marquis Who's Who. As in all Marquis Who's Who biographical volumes, individuals profiled are selected on the basis of current reference value. Factors such as position, noteworthy accomplishments, visibility, and prominence in a field are all taken into account during the selection process.For more than six decades, Dr. Fuerstenau has met with success in the field of mineral engineering and education. His early technical interests led him to the South Dakota School of Mines and Technology where he received his Bachelor of Science degree in 1949, Master of Science degree from Montana School of Mines in 1950, and Doctor of Science from the Massachusetts Institute of Technology (MIT) in 1953. Dr. Fuerstenau came to prominence as an assistant professor at MIT, followed by being the mineral engineering section leader at the Metals Research Laboratory of Union Carbide Corporation, and then as manager of mineral engineering for Kaiser Aluminum and Chemical Corporation. In 1959 he joined the faculty of the University of California, Berkeley, where his main role was in teaching and research in mineral engineering. Through his inspiration, numerous students have achieved notable distinction in careers in academia, industry and government service. Noteworthy roles at Berkeley include chairman of the Dept. of Materials Science and Engineering, director of the California Mining and Minerals Resources Research Institute, and longtime advisory committee chair for the Bancroft Mining Oral History program.Elected to the National Academy of Engineering in 1976, he is recognized internationally for his contributions to mineral processing and extractive metallurgy, and his research results are widely used and referenced extensively. Dr. Fuerstenau has been an active member of technical societies such as the American Institute of Mining, Metallugical and Petroleum Engineers, the American Institute of Chemical Engineers, and the American Chemical Society, chairing or serving on committees and organizing symposia. He has served on numerous advisory boards to universities, international editorial boards, government committees and boards regarding mineral resources, and has contributed widely to international mineral resource programs. He has been a guest professor at Imperial College, London, and at the Universities of Karlsruhe and Clausthal, Germany, and is an honorary professor at the Central South University in Changsha, China, and also at the Huainan Institute of Technology.In recognition of his professional achievements, Dr. Fuerstenau has received many national and international awards, including the Alexander von Humboldt Senior American Scientist Award and the International Mineral Processing Congress Lifetime Achievement Award. He received honorary doctorates from the University of Liege and Lulea University. His international recognition also includes election to the engineering academies of Australia, India, the Russian Federation, and the Balkans. In addition, he was selected for inclusion into Who's Who in America, Who's Who in Science and Engineering, Who's Who in the West, Who's Who in the World, and Who's Who in Finance and Industry.As he looks to the future, Dr. Fuerstenau continues to contribute to technical societies, universities, international conferences, editorial boards, research and publication, and to sustainable mineral projects.About Marquis Who's Who :Since 1899, when A. N. Marquis printed the First Edition of Who's Who in America , Marquis Who's Who has chronicled the lives of the most accomplished individuals and innovators from every significant field of endeavor, including politics, business, medicine, law, education, art, religion and entertainment. Today, Who's Who in America remains an essential biographical source for thousands of researchers, journalists, librarians and executive search firms around the world. Marquis now publishes many Who's Who titles, including Who's Who in America , Who's Who in the World , Who's Who in American Law , Who's Who in Medicine and Healthcare , Who's Who in Science and Engineering , and Who's Who in Asia . Marquis publications may be visited at the official Marquis Who's Who website at www.marquiswhoswho.com


News Article | May 4, 2017
Site: marketersmedia.com

VANCOUVER, BC / ACCESSWIRE / May 4, 2017 / Ely Gold & Minerals Inc. (TSX-V: ELY) (OTC PINK: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that it has entered into a definitive purchase and option agreement (the "Agreement") with Platoro West Incorporated ("Platoro West"), a privately held Nevada Corporation, and William Sheriff ( "Sheriff") to purchase Platoro West's portfolio of 14 highly prospective mineral properties in Nevada and the western United States (the "Properties"), a portfolio of 8 deeded royalties (the "Royalty Portfolio"), and legal and beneficial rights to geological information covering precious metals properties throughout the western United States (the "Data Base"). Sheriff is the legal and beneficial owner of 100% of the stock in Platoro West. In addition, Sheriff will be joining the Board of Directors of Ely Gold upon closing of the transaction (the "Closing"). The majority of the Properties are precious metal exploration projects in the most desirable gold trends in Nevada, with an additional two properties in New Mexico and one in Arizona. Four of the Nevada Properties are currently leased or optioned to third parties (the "Leases") and are being actively explored. The Leases are on precious metal properties with the exception of one tungsten-copper-silver asset. The Royalty Portfolio includes eight deeded royalties on precious metals properties in Nevada, currently being developed by third parties, with the exception of the Quartz Mountain property in eastern Oregon. Quartz Mountain is being developed by Alamos Gold Inc. The Data Base includes historic exploration and production data from Atlas Gold Mining Inc., UV Industries, Inc., USSRAM (U.S. Smelting and Refining and Mining Company) and Union Carbide Corporation. Most of the hard copy data has been scanned, cataloged and is held in over 600 filing cabinets. Closing is expected to take place on or about June 15, 2017 and is subject to TSX-V acceptance of a filing to be made by the Company. The Properties are mainly unpatented mining claims staked on Bureau of Land Management or U.S. Forest Service lands and, as such, have no existing royalties, work commitments or lease payments. After closing, the Company, through its wholly owned subsidiary, Nevada Select Royalty Inc. ("Nevada Select") will own 100% of 13 Properties, 50% of one of the Leases and 100% of the Royalty Portfolio. Ely Gold will also have the option to purchase 100% of nine additional properties and one additional leased property of Platoro West (collectively, the "Option Properties"). The Option Properties are subject to additional due diligence and the Company will have twelve months from Closing to include the Option Properties in the Agreement. Sheriff is an entrepreneur and visionary with over 30 years' experience in the minerals industry and the securities industry. Sheriff is the founder and Executive Chairman of Golden Predator Corp. Prior to founding Golden Predator Mining Corp., he was a pioneer in the uranium renaissance as co-founder and Chairman of Energy Metals Corp., and was responsible for compiling the largest domestic uranium resource base in US history before the company was acquired by Uranium One Corp. for $1.8 billion. Sheriff also serves as Chairman of enCore Energy Corp. Sheriff co-founded and previously served as Chairman of EMC Metals Corp., and as a Director of Western Lithium USA Inc., Uranium One Inc., Midway Gold Corp., Eurasian Minerals Inc., and Starcore International Mines Ltd. He was also a registered representative, holding positions with A.G. Edwards, Inc. and Mitchum Jones &Templeton, Inc., in addition to having had his own securities firm. Sheriff holds a B.Sc degree (Geology) from Fort Lewis College, Colorado and an MSc in Mining Geology from the University of Texas-El Paso. Under the terms of the Agreement, the Company will pay Platoro West a total purchase price of US$500,000 (the "Purchase Price"). The Purchase Price will be paid as to US$25,000 upon signing the Agreement, US$225,000 on Closing, and US$112,500 paid on the first and second anniversaries of Closing, together with a 5% per annum interest compounded quarterly from Closing. There is no additional payment for the Option Properties. Ely Gold will also issue 1,000,000 purchase warrants to Platoro West. Each warrant will be exercisable to purchase one Ely Gold share for CAN$.12 for two years from the Closing. The Agreement also provides for Sheriff to be appointed to the Company's Board of Directors and to be issued options, under Ely Gold's 2013 Stock Option Plan, to purchase 500,000 Ely Gold shares at Closing. "Combining this exceptional portfolio of Properties, Leases and the Royalty Portfolio with our current portfolio, while bringing Bill onto the team is a rare opportunity for Ely Gold. Combining our extensive geological data base with Bill's will create an incredible asset for property identification and development. The Properties contain numerous exploration opportunities that have been relatively idle since Bill has refocused his exploration efforts to the north. With Bill's knowledge and our combined geological data bases, we will capitalize on the untapped value of these assets by applying Ely Gold's cash and royalty generating business model. The Properties, leases and royalties are a perfect fit for us not only in physical location, but in further increasing our cash flow from lease or advance royalty payments," commented Trey Wasser, Ely's President and CEO. The President of Nevada Select, Jerry Baughman, stated, "Bill and I have competed for over 30 years as prospectors in Nevada. While we have partnered on deals from time to time, the opportunity to work with Bill and to combine our knowledge and our data bases will be of great benefit to Ely Gold shareholders." Sheriff added, "I am looking forward to combining all of our strengths to propel Ely Gold to the forefront of Nevada exploration and development. With the combined portfolio and this team's proven property acquisition and enhancement capability I believe we will be creating one of Nevada's preeminent mineral royalty and property generator." 121 unpatented mining claims in Esmeralda County, Nevada known as the Castle Black Rock Property ("Castle") currently leased to Columbus Gold Corporation ("Columbus") with a retained 2% NSR and annual advance minimum royalty payments. The Property is located approximately eight miles (13 km) south of Columbus' Eastside gold project. Gold mineralization at Castle is localized in a large east-northeast trending structural zone that parallels highway US 6 and which also contains the past producing Boss Gold Mine. The faults in the structural zone traverse the entire claim block and have limited drilling outside the known resource areas. The historic mineralization at Castle is covered by shallow alluvium, only 10-30 meters thick. Fifty percent of 247 unpatented mining claims in Washoe County, Nevada known as the Hog Ranch Property ("Hog Ranch") currently leased to Hog Ranch Minerals Inc. Hog Ranch is a large gold-bearing district that contains high-grade gold mineralization within quartz-adularia banded veins similar in age, texture and mineralogy to the veins at the Sleeper, Midas and Ivanhoe gold projects located in northern Nevada. Shallow disseminated or stock-work mineralization remains unexploited in and around all of the pits in addition to the relatively untested high grade feeder veins below the pits. 2% NSR on 7 unpatented mining claims on the interior of the Golden Sunrise Property currently operated by Eurasian Minerals, Inc. 2% NSR on one patented mining claim and 60 acres of deeded land, in Humboldt County Nevada, currently owned and operated by Barrick Gold Corporation. The deeded land lies along the Getchell fault and is on-strike with Barrick's Turquoise Ridge Mine. 2% NSR on the Antelope Springs Property in Pershing County, Nevada currently operated by Pershing Gold Corporation. 50% of a sliding scale NSR on the Tuscarora Property in Elko County, Nevada currently operated by Novo Resources Corp. 25% NSR on Quartz Mountain Project in Lake County, Oregon currently operated by Alamos Gold Inc. 2% gross revenue royalty on the Pilot Mountain Tungsten Project in Mineral County currently operated by Thor Mining PLC. 1.5% NSR on 23 Rose Claims in Pershing County, Nevada currently operated by Rye Patch Gold Corp. The Closing is subject to approval of the TSX-V and is expected on or before June 15, 2017. Stephen Kenwood, P. Geo, is director of the Company and a Qualified Person as defined by NI 43-101. Mr. Kenwood has reviewed and approved the technical information in this press release. Ely Gold is focused on developing recurring cash flow streams through the acquisition, consolidation, enhancement, and resale of highly prospective, un-encumbered North American precious metals properties. Ely's property development efforts maximize each property's potential for acquisition, while reserving significant royalty interests. Additional information about Ely Gold is available at the Company's website, at www.elygoldinc.com. On Behalf of the Board of Directors For further information, please contact: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan," "continue," "expect," "project," "intend," "believe," "anticipate," "estimate," "may," "will," "potential," "proposed," and other similar words, or statements that certain events or conditions "may" or "will" occur. This news release may contain forward-looking statements including but not limited to comments regarding the timing of the upcoming purchase of Properties, Royalty Portfolio and Data Base, appointment of Sheriff to the Board of Directors, option to purchase Option Properties, timing of the Closing and payment of purchase price, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. VANCOUVER, BC / ACCESSWIRE / May 4, 2017 / Ely Gold & Minerals Inc. (TSX-V: ELY) (OTC PINK: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that it has entered into a definitive purchase and option agreement (the "Agreement") with Platoro West Incorporated ("Platoro West"), a privately held Nevada Corporation, and William Sheriff ( "Sheriff") to purchase Platoro West's portfolio of 14 highly prospective mineral properties in Nevada and the western United States (the "Properties"), a portfolio of 8 deeded royalties (the "Royalty Portfolio"), and legal and beneficial rights to geological information covering precious metals properties throughout the western United States (the "Data Base"). Sheriff is the legal and beneficial owner of 100% of the stock in Platoro West. In addition, Sheriff will be joining the Board of Directors of Ely Gold upon closing of the transaction (the "Closing"). The majority of the Properties are precious metal exploration projects in the most desirable gold trends in Nevada, with an additional two properties in New Mexico and one in Arizona. Four of the Nevada Properties are currently leased or optioned to third parties (the "Leases") and are being actively explored. The Leases are on precious metal properties with the exception of one tungsten-copper-silver asset. The Royalty Portfolio includes eight deeded royalties on precious metals properties in Nevada, currently being developed by third parties, with the exception of the Quartz Mountain property in eastern Oregon. Quartz Mountain is being developed by Alamos Gold Inc. The Data Base includes historic exploration and production data from Atlas Gold Mining Inc., UV Industries, Inc., USSRAM (U.S. Smelting and Refining and Mining Company) and Union Carbide Corporation. Most of the hard copy data has been scanned, cataloged and is held in over 600 filing cabinets. Closing is expected to take place on or about June 15, 2017 and is subject to TSX-V acceptance of a filing to be made by the Company. The Properties are mainly unpatented mining claims staked on Bureau of Land Management or U.S. Forest Service lands and, as such, have no existing royalties, work commitments or lease payments. After closing, the Company, through its wholly owned subsidiary, Nevada Select Royalty Inc. ("Nevada Select") will own 100% of 13 Properties, 50% of one of the Leases and 100% of the Royalty Portfolio. Ely Gold will also have the option to purchase 100% of nine additional properties and one additional leased property of Platoro West (collectively, the "Option Properties"). The Option Properties are subject to additional due diligence and the Company will have twelve months from Closing to include the Option Properties in the Agreement. Sheriff is an entrepreneur and visionary with over 30 years' experience in the minerals industry and the securities industry. Sheriff is the founder and Executive Chairman of Golden Predator Corp. Prior to founding Golden Predator Mining Corp., he was a pioneer in the uranium renaissance as co-founder and Chairman of Energy Metals Corp., and was responsible for compiling the largest domestic uranium resource base in US history before the company was acquired by Uranium One Corp. for $1.8 billion. Sheriff also serves as Chairman of enCore Energy Corp. Sheriff co-founded and previously served as Chairman of EMC Metals Corp., and as a Director of Western Lithium USA Inc., Uranium One Inc., Midway Gold Corp., Eurasian Minerals Inc., and Starcore International Mines Ltd. He was also a registered representative, holding positions with A.G. Edwards, Inc. and Mitchum Jones &Templeton, Inc., in addition to having had his own securities firm. Sheriff holds a B.Sc degree (Geology) from Fort Lewis College, Colorado and an MSc in Mining Geology from the University of Texas-El Paso. Under the terms of the Agreement, the Company will pay Platoro West a total purchase price of US$500,000 (the "Purchase Price"). The Purchase Price will be paid as to US$25,000 upon signing the Agreement, US$225,000 on Closing, and US$112,500 paid on the first and second anniversaries of Closing, together with a 5% per annum interest compounded quarterly from Closing. There is no additional payment for the Option Properties. Ely Gold will also issue 1,000,000 purchase warrants to Platoro West. Each warrant will be exercisable to purchase one Ely Gold share for CAN$.12 for two years from the Closing. The Agreement also provides for Sheriff to be appointed to the Company's Board of Directors and to be issued options, under Ely Gold's 2013 Stock Option Plan, to purchase 500,000 Ely Gold shares at Closing. "Combining this exceptional portfolio of Properties, Leases and the Royalty Portfolio with our current portfolio, while bringing Bill onto the team is a rare opportunity for Ely Gold. Combining our extensive geological data base with Bill's will create an incredible asset for property identification and development. The Properties contain numerous exploration opportunities that have been relatively idle since Bill has refocused his exploration efforts to the north. With Bill's knowledge and our combined geological data bases, we will capitalize on the untapped value of these assets by applying Ely Gold's cash and royalty generating business model. The Properties, leases and royalties are a perfect fit for us not only in physical location, but in further increasing our cash flow from lease or advance royalty payments," commented Trey Wasser, Ely's President and CEO. The President of Nevada Select, Jerry Baughman, stated, "Bill and I have competed for over 30 years as prospectors in Nevada. While we have partnered on deals from time to time, the opportunity to work with Bill and to combine our knowledge and our data bases will be of great benefit to Ely Gold shareholders." Sheriff added, "I am looking forward to combining all of our strengths to propel Ely Gold to the forefront of Nevada exploration and development. With the combined portfolio and this team's proven property acquisition and enhancement capability I believe we will be creating one of Nevada's preeminent mineral royalty and property generator." 121 unpatented mining claims in Esmeralda County, Nevada known as the Castle Black Rock Property ("Castle") currently leased to Columbus Gold Corporation ("Columbus") with a retained 2% NSR and annual advance minimum royalty payments. The Property is located approximately eight miles (13 km) south of Columbus' Eastside gold project. Gold mineralization at Castle is localized in a large east-northeast trending structural zone that parallels highway US 6 and which also contains the past producing Boss Gold Mine. The faults in the structural zone traverse the entire claim block and have limited drilling outside the known resource areas. The historic mineralization at Castle is covered by shallow alluvium, only 10-30 meters thick. Fifty percent of 247 unpatented mining claims in Washoe County, Nevada known as the Hog Ranch Property ("Hog Ranch") currently leased to Hog Ranch Minerals Inc. Hog Ranch is a large gold-bearing district that contains high-grade gold mineralization within quartz-adularia banded veins similar in age, texture and mineralogy to the veins at the Sleeper, Midas and Ivanhoe gold projects located in northern Nevada. Shallow disseminated or stock-work mineralization remains unexploited in and around all of the pits in addition to the relatively untested high grade feeder veins below the pits. 2% NSR on 7 unpatented mining claims on the interior of the Golden Sunrise Property currently operated by Eurasian Minerals, Inc. 2% NSR on one patented mining claim and 60 acres of deeded land, in Humboldt County Nevada, currently owned and operated by Barrick Gold Corporation. The deeded land lies along the Getchell fault and is on-strike with Barrick's Turquoise Ridge Mine. 2% NSR on the Antelope Springs Property in Pershing County, Nevada currently operated by Pershing Gold Corporation. 50% of a sliding scale NSR on the Tuscarora Property in Elko County, Nevada currently operated by Novo Resources Corp. 25% NSR on Quartz Mountain Project in Lake County, Oregon currently operated by Alamos Gold Inc. 2% gross revenue royalty on the Pilot Mountain Tungsten Project in Mineral County currently operated by Thor Mining PLC. 1.5% NSR on 23 Rose Claims in Pershing County, Nevada currently operated by Rye Patch Gold Corp. The Closing is subject to approval of the TSX-V and is expected on or before June 15, 2017. Stephen Kenwood, P. Geo, is director of the Company and a Qualified Person as defined by NI 43-101. Mr. Kenwood has reviewed and approved the technical information in this press release. Ely Gold is focused on developing recurring cash flow streams through the acquisition, consolidation, enhancement, and resale of highly prospective, un-encumbered North American precious metals properties. Ely's property development efforts maximize each property's potential for acquisition, while reserving significant royalty interests. Additional information about Ely Gold is available at the Company's website, at www.elygoldinc.com. On Behalf of the Board of Directors For further information, please contact: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan," "continue," "expect," "project," "intend," "believe," "anticipate," "estimate," "may," "will," "potential," "proposed," and other similar words, or statements that certain events or conditions "may" or "will" occur. This news release may contain forward-looking statements including but not limited to comments regarding the timing of the upcoming purchase of Properties, Royalty Portfolio and Data Base, appointment of Sheriff to the Board of Directors, option to purchase Option Properties, timing of the Closing and payment of purchase price, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.


News Article | May 4, 2017
Site: marketersmedia.com

VANCOUVER, BC / ACCESSWIRE / May 4, 2017 / Ely Gold & Minerals Inc. (TSX-V: ELY) (OTC PINK: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that it has entered into a definitive purchase and option agreement (the "Agreement") with Platoro West Incorporated ("Platoro West"), a privately held Nevada Corporation, and William Sheriff ("Sheriff") to purchase Platoro West's portfolio of 14 highly prospective mineral properties in Nevada and the western United States (the "Properties"), a portfolio of 8 deeded royalties (the "Royalty Portfolio") and legal and beneficial rights to geological information covering precious metals properties throughout the western United States (the "Data Base"). Sheriff is the legal and beneficial owner of 100% of the stock in Platoro West. In addition, Sheriff will be joining the Board of Directors of Ely Gold upon closing of the transaction (the "Closing"). The majority of the Properties are precious metal exploration projects in the most desirable gold trends in Nevada, with an additional two properties in New Mexico and one in Arizona. Four of the Nevada Properties are currently leased or optioned to third parties (the "Leases") and are being actively explored. The Leases are precious metal properties, with the exception of one tungsten-copper-silver asset. The Royalty Portfolio includes eight deeded royalties on precious metals properties in Nevada, currently being developed by third parties, with the exception of the Quartz Mountain property in eastern Oregon. Quartz Mountain is being developed by Alamos Gold Inc. The Data Base includes historic exploration and production data from Atlas Gold Mining Inc., UV Industries, Inc., USSRAM (U.S. Smelting and Refining and Mining Company) and Union Carbide Corporation. Most of the hard copy data has been scanned, cataloged, and is held in over 600 filing cabinets. Closing is expected to take place on or about June 15, 2017 and is subject to TSX-V acceptance of a filing to be made by the Company. The Properties are mainly unpatented mining claims staked on Bureau of Land Management or U.S. Forest Service lands and, as such, have no existing royalties, work commitments or lease payments. After closing, the Company, through its wholly owned subsidiary, Nevada Select Royalty Inc. ("Nevada Select"), will own 100% of 13 Properties, 50% of one of the Leases, and 100% of the Royalty Portfolio. Ely Gold will also have the option to purchase 100% of nine additional properties and one additional leased property of Platoro West (collectively, the "Option Properties"). The Option Properties are subject to additional due diligence and the Company will have twelve months from Closing to include the Option Properties in the Agreement. Sheriff is an entrepreneur and visionary with over 30 years' experience in the minerals industry and the securities industry. Sheriff is the founder and Executive Chairman of Golden Predator Corp. Prior to founding Golden Predator Mining Corp., he was a pioneer in the uranium renaissance as co-founder and Chairman of Energy Metals Corp., and was responsible for compiling the largest domestic uranium resource base in US history before the company was acquired by Uranium One Corp. for $1.8 billion. Sheriff also serves as Chairman of enCore Energy Corp. Sheriff co-founded and previously served as Chairman of EMC Metals Corp., and as a Director of Western Lithium USA Inc., Uranium One Inc., Midway Gold Corp., Eurasian Minerals Inc. and Starcore International Mines Ltd. He was also a registered representative, holding positions with A.G. Edwards, Inc. and Mitchum Jones &Templeton, Inc., in addition to having had his own securities firm. Sheriff holds a B.Sc degree (Geology) from Fort Lewis College, Colorado and an MSc in Mining Geology from the University of Texas-El Paso. Under the terms of the Agreement, the Company will pay Platoro West a total purchase price of US$500,000 (the "Purchase Price"). The Purchase Price will be paid as to US$25,000 upon signing the Agreement, US$225,000 on Closing, and US$112,500 paid on the first and second anniversaries of Closing, together with a 5% per annum interest compounded quarterly from Closing. There is no additional payment for the Option Properties. Ely Gold will also issue 1,000,000 purchase warrants to Platoro West. Each warrant will be exercisable to purchase one Ely Gold share for CAN$.12 for two years from the Closing. The Agreement also provides for Sheriff to be appointed to the Company's Board of Directors and to be issued options, under Ely Gold's 2013 Stock Option Plan, to purchase 500,000 Ely Gold shares at Closing. "Combining this exceptional portfolio of Properties, Leases and the Royalty Portfolio with our current portfolio, while bringing Bill onto the team is a rare opportunity for Ely Gold. Combining our extensive geological data base with Bill's will create an incredible asset for property identification and development. The Properties contain numerous exploration opportunities that have been relatively idle since Bill has refocused his exploration efforts to the north. With Bill's knowledge and our combined geological data bases, we will capitalize on the untapped value of these assets by applying Ely Gold's cash and royalty generating business model. The Properties, leases and royalties are a perfect fit for us not only in physical location, but in further increasing our cash flow from lease or advance royalty payments," commented Trey Wasser, Ely's President and CEO. The President of Nevada Select, Jerry Baughman, stated, "Bill and I have competed for over 30 years as prospectors in Nevada. While we have partnered on deals from time to time, the opportunity to work with Bill and to combine our knowledge and our data bases will be of great benefit to Ely Gold shareholders." Sheriff added, "I am looking forward to combining all of our strengths to propel Ely Gold to the forefront of Nevada exploration and development. With the combined portfolio and this team's proven property acquisition and enhancement capability I believe we will be creating one of Nevada's preeminent mineral royalty and property generator." 121 unpatented mining claims in Esmeralda County, Nevada known as the Castle Black Rock Property ("Castle") currently leased to Columbus Gold Corporation ("Columbus") with a retained 2% NSR and annual advance minimum royalty payments. The Property is located approximately eight miles (13 km) south of Columbus' Eastside gold project. Gold mineralization at Castle is localized in a large east-northeast trending structural zone that parallels highway US 6 and which also contains the past producing Boss Gold Mine. The faults in the structural zone traverse the entire claim block and have limited drilling outside the known resource areas. The historic mineralization at Castle is covered by shallow alluvium, only 10-30 meters thick. Fifty percent of 247 unpatented mining claims in Washoe County, Nevada known as the Hog Ranch Property ("Hog Ranch") currently leased to Hog Ranch Minerals Inc. Hog Ranch is a large gold-bearing district that contains high-grade gold mineralization within quartz-adularia banded veins similar in age, texture and mineralogy to the veins at the Sleeper, Midas and Ivanhoe gold projects located in northern Nevada. Shallow disseminated or stock-work mineralization remains unexploited in and around all of the pits in addition to the relatively untested high grade feeder veins below the pits. 2% NSR on 7 unpatented mining claims on the interior of the Golden Sunrise Property currently operated by Eurasian Minerals, Inc. 2% NSR on one patented mining claim and 60 acres of deeded land, in Humboldt County Nevada, currently owned and operated by Barrick Gold Corporation. The deeded land lies along the Getchell fault and is on-strike with Barrick's Turquoise Ridge Mine. 2% NSR on the Antelope Springs Property in Pershing County, Nevada currently operated by Pershing Gold Corporation. 50% of a sliding scale NSR on the Tuscarora Property in Elko County, Nevada currently operated by Novo Resources Corp. 0.25% NSR on Quartz Mountain Project in Lake County, Oregon currently operated by Alamos Gold Inc. 2% gross revenue royalty on the Pilot Mountain Tungsten Project in Mineral County currently operated by Thor Mining PLC. 1.5% NSR on 23 Rose Claims in Pershing County, Nevada currently operated by Rye Patch Gold Corp. The Closing is subject to approval of the TSX-V and is expected on or before June 15, 2017. Stephen Kenwood, P. Geo, is director of the Company and a Qualified Person as defined by NI 43-101. Mr. Kenwood has reviewed and approved the technical information in this press release. Ely Gold is focused on developing recurring cash flow streams through the acquisition, consolidation, enhancement, and resale of highly prospective, un-encumbered North American precious metals properties. Ely's property development efforts maximize each property's potential for acquisition, while reserving significant royalty interests. Additional information about Ely Gold is available at the Company's website, at www.elygoldinc.com. On Behalf of the Board of Directors For further information, please contact: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan," "continue," "expect," "project," "intend," "believe," "anticipate," "estimate," "may," "will," "potential," "proposed," and other similar words, or statements that certain events or conditions "may" or "will" occur. This news release may contain forward-looking statements including but not limited to comments regarding the timing of the upcoming purchase of Properties, Royalty Portfolio and Data Base, appointment of Sheriff to the Board of Directors, option to purchase Option Properties, timing of the Closing and payment of purchase price, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. VANCOUVER, BC / ACCESSWIRE / May 4, 2017 / Ely Gold & Minerals Inc. (TSX-V: ELY) (OTC PINK: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that it has entered into a definitive purchase and option agreement (the "Agreement") with Platoro West Incorporated ("Platoro West"), a privately held Nevada Corporation, and William Sheriff ("Sheriff") to purchase Platoro West's portfolio of 14 highly prospective mineral properties in Nevada and the western United States (the "Properties"), a portfolio of 8 deeded royalties (the "Royalty Portfolio") and legal and beneficial rights to geological information covering precious metals properties throughout the western United States (the "Data Base"). Sheriff is the legal and beneficial owner of 100% of the stock in Platoro West. In addition, Sheriff will be joining the Board of Directors of Ely Gold upon closing of the transaction (the "Closing"). The majority of the Properties are precious metal exploration projects in the most desirable gold trends in Nevada, with an additional two properties in New Mexico and one in Arizona. Four of the Nevada Properties are currently leased or optioned to third parties (the "Leases") and are being actively explored. The Leases are precious metal properties, with the exception of one tungsten-copper-silver asset. The Royalty Portfolio includes eight deeded royalties on precious metals properties in Nevada, currently being developed by third parties, with the exception of the Quartz Mountain property in eastern Oregon. Quartz Mountain is being developed by Alamos Gold Inc. The Data Base includes historic exploration and production data from Atlas Gold Mining Inc., UV Industries, Inc., USSRAM (U.S. Smelting and Refining and Mining Company) and Union Carbide Corporation. Most of the hard copy data has been scanned, cataloged, and is held in over 600 filing cabinets. Closing is expected to take place on or about June 15, 2017 and is subject to TSX-V acceptance of a filing to be made by the Company. The Properties are mainly unpatented mining claims staked on Bureau of Land Management or U.S. Forest Service lands and, as such, have no existing royalties, work commitments or lease payments. After closing, the Company, through its wholly owned subsidiary, Nevada Select Royalty Inc. ("Nevada Select"), will own 100% of 13 Properties, 50% of one of the Leases, and 100% of the Royalty Portfolio. Ely Gold will also have the option to purchase 100% of nine additional properties and one additional leased property of Platoro West (collectively, the "Option Properties"). The Option Properties are subject to additional due diligence and the Company will have twelve months from Closing to include the Option Properties in the Agreement. Sheriff is an entrepreneur and visionary with over 30 years' experience in the minerals industry and the securities industry. Sheriff is the founder and Executive Chairman of Golden Predator Corp. Prior to founding Golden Predator Mining Corp., he was a pioneer in the uranium renaissance as co-founder and Chairman of Energy Metals Corp., and was responsible for compiling the largest domestic uranium resource base in US history before the company was acquired by Uranium One Corp. for $1.8 billion. Sheriff also serves as Chairman of enCore Energy Corp. Sheriff co-founded and previously served as Chairman of EMC Metals Corp., and as a Director of Western Lithium USA Inc., Uranium One Inc., Midway Gold Corp., Eurasian Minerals Inc. and Starcore International Mines Ltd. He was also a registered representative, holding positions with A.G. Edwards, Inc. and Mitchum Jones &Templeton, Inc., in addition to having had his own securities firm. Sheriff holds a B.Sc degree (Geology) from Fort Lewis College, Colorado and an MSc in Mining Geology from the University of Texas-El Paso. Under the terms of the Agreement, the Company will pay Platoro West a total purchase price of US$500,000 (the "Purchase Price"). The Purchase Price will be paid as to US$25,000 upon signing the Agreement, US$225,000 on Closing, and US$112,500 paid on the first and second anniversaries of Closing, together with a 5% per annum interest compounded quarterly from Closing. There is no additional payment for the Option Properties. Ely Gold will also issue 1,000,000 purchase warrants to Platoro West. Each warrant will be exercisable to purchase one Ely Gold share for CAN$.12 for two years from the Closing. The Agreement also provides for Sheriff to be appointed to the Company's Board of Directors and to be issued options, under Ely Gold's 2013 Stock Option Plan, to purchase 500,000 Ely Gold shares at Closing. "Combining this exceptional portfolio of Properties, Leases and the Royalty Portfolio with our current portfolio, while bringing Bill onto the team is a rare opportunity for Ely Gold. Combining our extensive geological data base with Bill's will create an incredible asset for property identification and development. The Properties contain numerous exploration opportunities that have been relatively idle since Bill has refocused his exploration efforts to the north. With Bill's knowledge and our combined geological data bases, we will capitalize on the untapped value of these assets by applying Ely Gold's cash and royalty generating business model. The Properties, leases and royalties are a perfect fit for us not only in physical location, but in further increasing our cash flow from lease or advance royalty payments," commented Trey Wasser, Ely's President and CEO. The President of Nevada Select, Jerry Baughman, stated, "Bill and I have competed for over 30 years as prospectors in Nevada. While we have partnered on deals from time to time, the opportunity to work with Bill and to combine our knowledge and our data bases will be of great benefit to Ely Gold shareholders." Sheriff added, "I am looking forward to combining all of our strengths to propel Ely Gold to the forefront of Nevada exploration and development. With the combined portfolio and this team's proven property acquisition and enhancement capability I believe we will be creating one of Nevada's preeminent mineral royalty and property generator." 121 unpatented mining claims in Esmeralda County, Nevada known as the Castle Black Rock Property ("Castle") currently leased to Columbus Gold Corporation ("Columbus") with a retained 2% NSR and annual advance minimum royalty payments. The Property is located approximately eight miles (13 km) south of Columbus' Eastside gold project. Gold mineralization at Castle is localized in a large east-northeast trending structural zone that parallels highway US 6 and which also contains the past producing Boss Gold Mine. The faults in the structural zone traverse the entire claim block and have limited drilling outside the known resource areas. The historic mineralization at Castle is covered by shallow alluvium, only 10-30 meters thick. Fifty percent of 247 unpatented mining claims in Washoe County, Nevada known as the Hog Ranch Property ("Hog Ranch") currently leased to Hog Ranch Minerals Inc. Hog Ranch is a large gold-bearing district that contains high-grade gold mineralization within quartz-adularia banded veins similar in age, texture and mineralogy to the veins at the Sleeper, Midas and Ivanhoe gold projects located in northern Nevada. Shallow disseminated or stock-work mineralization remains unexploited in and around all of the pits in addition to the relatively untested high grade feeder veins below the pits. 2% NSR on 7 unpatented mining claims on the interior of the Golden Sunrise Property currently operated by Eurasian Minerals, Inc. 2% NSR on one patented mining claim and 60 acres of deeded land, in Humboldt County Nevada, currently owned and operated by Barrick Gold Corporation. The deeded land lies along the Getchell fault and is on-strike with Barrick's Turquoise Ridge Mine. 2% NSR on the Antelope Springs Property in Pershing County, Nevada currently operated by Pershing Gold Corporation. 50% of a sliding scale NSR on the Tuscarora Property in Elko County, Nevada currently operated by Novo Resources Corp. 0.25% NSR on Quartz Mountain Project in Lake County, Oregon currently operated by Alamos Gold Inc. 2% gross revenue royalty on the Pilot Mountain Tungsten Project in Mineral County currently operated by Thor Mining PLC. 1.5% NSR on 23 Rose Claims in Pershing County, Nevada currently operated by Rye Patch Gold Corp. The Closing is subject to approval of the TSX-V and is expected on or before June 15, 2017. Stephen Kenwood, P. Geo, is director of the Company and a Qualified Person as defined by NI 43-101. Mr. Kenwood has reviewed and approved the technical information in this press release. Ely Gold is focused on developing recurring cash flow streams through the acquisition, consolidation, enhancement, and resale of highly prospective, un-encumbered North American precious metals properties. Ely's property development efforts maximize each property's potential for acquisition, while reserving significant royalty interests. Additional information about Ely Gold is available at the Company's website, at www.elygoldinc.com. On Behalf of the Board of Directors For further information, please contact: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan," "continue," "expect," "project," "intend," "believe," "anticipate," "estimate," "may," "will," "potential," "proposed," and other similar words, or statements that certain events or conditions "may" or "will" occur. This news release may contain forward-looking statements including but not limited to comments regarding the timing of the upcoming purchase of Properties, Royalty Portfolio and Data Base, appointment of Sheriff to the Board of Directors, option to purchase Option Properties, timing of the Closing and payment of purchase price, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.


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

VANCOUVER, BC / ACCESSWIRE / May 4, 2017 / Ely Gold & Minerals Inc. (TSX-V: ELY) (OTC PINK: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that it has entered into a definitive purchase and option agreement (the "Agreement") with Platoro West Incorporated ("Platoro West"), a privately held Nevada Corporation, and William Sheriff ( "Sheriff") to purchase Platoro West's portfolio of 14 highly prospective mineral properties in Nevada and the western United States (the "Properties"), a portfolio of 8 deeded royalties (the "Royalty Portfolio"), and legal and beneficial rights to geological information covering precious metals properties throughout the western United States (the "Data Base"). Sheriff is the legal and beneficial owner of 100% of the stock in Platoro West. In addition, Sheriff will be joining the Board of Directors of Ely Gold upon closing of the transaction (the "Closing"). The majority of the Properties are precious metal exploration projects in the most desirable gold trends in Nevada, with an additional two properties in New Mexico and one in Arizona. Four of the Nevada Properties are currently leased or optioned to third parties (the "Leases") and are being actively explored. The Leases are on precious metal properties with the exception of one tungsten-copper-silver asset. The Royalty Portfolio includes eight deeded royalties on precious metals properties in Nevada, currently being developed by third parties, with the exception of the Quartz Mountain property in eastern Oregon. Quartz Mountain is being developed by Alamos Gold Inc. The Data Base includes historic exploration and production data from Atlas Gold Mining Inc., UV Industries, Inc., USSRAM (U.S. Smelting and Refining and Mining Company) and Union Carbide Corporation. Most of the hard copy data has been scanned, cataloged and is held in over 600 filing cabinets. Closing is expected to take place on or about June 15, 2017 and is subject to TSX-V acceptance of a filing to be made by the Company. The Properties are mainly unpatented mining claims staked on Bureau of Land Management or U.S. Forest Service lands and, as such, have no existing royalties, work commitments or lease payments. After closing, the Company, through its wholly owned subsidiary, Nevada Select Royalty Inc. ("Nevada Select") will own 100% of 13 Properties, 50% of one of the Leases and 100% of the Royalty Portfolio. Ely Gold will also have the option to purchase 100% of nine additional properties and one additional leased property of Platoro West (collectively, the "Option Properties"). The Option Properties are subject to additional due diligence and the Company will have twelve months from Closing to include the Option Properties in the Agreement. Sheriff is an entrepreneur and visionary with over 30 years' experience in the minerals industry and the securities industry. Sheriff is the founder and Executive Chairman of Golden Predator Corp. Prior to founding Golden Predator Mining Corp., he was a pioneer in the uranium renaissance as co-founder and Chairman of Energy Metals Corp., and was responsible for compiling the largest domestic uranium resource base in US history before the company was acquired by Uranium One Corp. for $1.8 billion. Sheriff also serves as Chairman of enCore Energy Corp. Sheriff co-founded and previously served as Chairman of EMC Metals Corp., and as a Director of Western Lithium USA Inc., Uranium One Inc., Midway Gold Corp., Eurasian Minerals Inc., and Starcore International Mines Ltd. He was also a registered representative, holding positions with A.G. Edwards, Inc. and Mitchum Jones &Templeton, Inc., in addition to having had his own securities firm. Sheriff holds a B.Sc degree (Geology) from Fort Lewis College, Colorado and an MSc in Mining Geology from the University of Texas-El Paso. Under the terms of the Agreement, the Company will pay Platoro West a total purchase price of US$500,000 (the "Purchase Price"). The Purchase Price will be paid as to US$25,000 upon signing the Agreement, US$225,000 on Closing, and US$112,500 paid on the first and second anniversaries of Closing, together with a 5% per annum interest compounded quarterly from Closing. There is no additional payment for the Option Properties. Ely Gold will also issue 1,000,000 purchase warrants to Platoro West. Each warrant will be exercisable to purchase one Ely Gold share for CAN$.12 for two years from the Closing. The Agreement also provides for Sheriff to be appointed to the Company's Board of Directors and to be issued options, under Ely Gold's 2013 Stock Option Plan, to purchase 500,000 Ely Gold shares at Closing. "Combining this exceptional portfolio of Properties, Leases and the Royalty Portfolio with our current portfolio, while bringing Bill onto the team is a rare opportunity for Ely Gold. Combining our extensive geological data base with Bill's will create an incredible asset for property identification and development. The Properties contain numerous exploration opportunities that have been relatively idle since Bill has refocused his exploration efforts to the north. With Bill's knowledge and our combined geological data bases, we will capitalize on the untapped value of these assets by applying Ely Gold's cash and royalty generating business model. The Properties, leases and royalties are a perfect fit for us not only in physical location, but in further increasing our cash flow from lease or advance royalty payments," commented Trey Wasser, Ely's President and CEO. The President of Nevada Select, Jerry Baughman, stated, "Bill and I have competed for over 30 years as prospectors in Nevada. While we have partnered on deals from time to time, the opportunity to work with Bill and to combine our knowledge and our data bases will be of great benefit to Ely Gold shareholders." Sheriff added, "I am looking forward to combining all of our strengths to propel Ely Gold to the forefront of Nevada exploration and development. With the combined portfolio and this team's proven property acquisition and enhancement capability I believe we will be creating one of Nevada's preeminent mineral royalty and property generator." The Closing is subject to approval of the TSX-V and is expected on or before June 15, 2017. Stephen Kenwood, P. Geo, is director of the Company and a Qualified Person as defined by NI 43-101. Mr. Kenwood has reviewed and approved the technical information in this press release. Ely Gold is focused on developing recurring cash flow streams through the acquisition, consolidation, enhancement, and resale of highly prospective, un-encumbered North American precious metals properties. Ely's property development efforts maximize each property's potential for acquisition, while reserving significant royalty interests. Additional information about Ely Gold is available at the Company's website, at www.elygoldinc.com. On Behalf of the Board of Directors For further information, please contact: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan," "continue," "expect," "project," "intend," "believe," "anticipate," "estimate," "may," "will," "potential," "proposed," and other similar words, or statements that certain events or conditions "may" or "will" occur. This news release may contain forward-looking statements including but not limited to comments regarding the timing of the upcoming purchase of Properties, Royalty Portfolio and Data Base, appointment of Sheriff to the Board of Directors, option to purchase Option Properties, timing of the Closing and payment of purchase price, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.


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

VANCOUVER, BC / ACCESSWIRE / May 4, 2017 / Ely Gold & Minerals Inc. (TSX-V: ELY) (OTC PINK: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that it has entered into a definitive purchase and option agreement (the "Agreement") with Platoro West Incorporated ("Platoro West"), a privately held Nevada Corporation, and William Sheriff ("Sheriff") to purchase Platoro West's portfolio of 14 highly prospective mineral properties in Nevada and the western United States (the "Properties"), a portfolio of 8 deeded royalties (the "Royalty Portfolio") and legal and beneficial rights to geological information covering precious metals properties throughout the western United States (the "Data Base"). Sheriff is the legal and beneficial owner of 100% of the stock in Platoro West. In addition, Sheriff will be joining the Board of Directors of Ely Gold upon closing of the transaction (the "Closing"). The majority of the Properties are precious metal exploration projects in the most desirable gold trends in Nevada, with an additional two properties in New Mexico and one in Arizona. Four of the Nevada Properties are currently leased or optioned to third parties (the "Leases") and are being actively explored. The Leases are precious metal properties, with the exception of one tungsten-copper-silver asset. The Royalty Portfolio includes eight deeded royalties on precious metals properties in Nevada, currently being developed by third parties, with the exception of the Quartz Mountain property in eastern Oregon. Quartz Mountain is being developed by Alamos Gold Inc. The Data Base includes historic exploration and production data from Atlas Gold Mining Inc., UV Industries, Inc., USSRAM (U.S. Smelting and Refining and Mining Company) and Union Carbide Corporation. Most of the hard copy data has been scanned, cataloged, and is held in over 600 filing cabinets. Closing is expected to take place on or about June 15, 2017 and is subject to TSX-V acceptance of a filing to be made by the Company. The Properties are mainly unpatented mining claims staked on Bureau of Land Management or U.S. Forest Service lands and, as such, have no existing royalties, work commitments or lease payments. After closing, the Company, through its wholly owned subsidiary, Nevada Select Royalty Inc. ("Nevada Select"), will own 100% of 13 Properties, 50% of one of the Leases, and 100% of the Royalty Portfolio. Ely Gold will also have the option to purchase 100% of nine additional properties and one additional leased property of Platoro West (collectively, the "Option Properties"). The Option Properties are subject to additional due diligence and the Company will have twelve months from Closing to include the Option Properties in the Agreement. Sheriff is an entrepreneur and visionary with over 30 years' experience in the minerals industry and the securities industry. Sheriff is the founder and Executive Chairman of Golden Predator Corp. Prior to founding Golden Predator Mining Corp., he was a pioneer in the uranium renaissance as co-founder and Chairman of Energy Metals Corp., and was responsible for compiling the largest domestic uranium resource base in US history before the company was acquired by Uranium One Corp. for $1.8 billion. Sheriff also serves as Chairman of enCore Energy Corp. Sheriff co-founded and previously served as Chairman of EMC Metals Corp., and as a Director of Western Lithium USA Inc., Uranium One Inc., Midway Gold Corp., Eurasian Minerals Inc. and Starcore International Mines Ltd. He was also a registered representative, holding positions with A.G. Edwards, Inc. and Mitchum Jones &Templeton, Inc., in addition to having had his own securities firm. Sheriff holds a B.Sc degree (Geology) from Fort Lewis College, Colorado and an MSc in Mining Geology from the University of Texas-El Paso. Under the terms of the Agreement, the Company will pay Platoro West a total purchase price of US$500,000 (the "Purchase Price"). The Purchase Price will be paid as to US$25,000 upon signing the Agreement, US$225,000 on Closing, and US$112,500 paid on the first and second anniversaries of Closing, together with a 5% per annum interest compounded quarterly from Closing. There is no additional payment for the Option Properties. Ely Gold will also issue 1,000,000 purchase warrants to Platoro West. Each warrant will be exercisable to purchase one Ely Gold share for CAN$.12 for two years from the Closing. The Agreement also provides for Sheriff to be appointed to the Company's Board of Directors and to be issued options, under Ely Gold's 2013 Stock Option Plan, to purchase 500,000 Ely Gold shares at Closing. "Combining this exceptional portfolio of Properties, Leases and the Royalty Portfolio with our current portfolio, while bringing Bill onto the team is a rare opportunity for Ely Gold. Combining our extensive geological data base with Bill's will create an incredible asset for property identification and development. The Properties contain numerous exploration opportunities that have been relatively idle since Bill has refocused his exploration efforts to the north. With Bill's knowledge and our combined geological data bases, we will capitalize on the untapped value of these assets by applying Ely Gold's cash and royalty generating business model. The Properties, leases and royalties are a perfect fit for us not only in physical location, but in further increasing our cash flow from lease or advance royalty payments," commented Trey Wasser, Ely's President and CEO. The President of Nevada Select, Jerry Baughman, stated, "Bill and I have competed for over 30 years as prospectors in Nevada. While we have partnered on deals from time to time, the opportunity to work with Bill and to combine our knowledge and our data bases will be of great benefit to Ely Gold shareholders." Sheriff added, "I am looking forward to combining all of our strengths to propel Ely Gold to the forefront of Nevada exploration and development. With the combined portfolio and this team's proven property acquisition and enhancement capability I believe we will be creating one of Nevada's preeminent mineral royalty and property generator." The Closing is subject to approval of the TSX-V and is expected on or before June 15, 2017. Stephen Kenwood, P. Geo, is director of the Company and a Qualified Person as defined by NI 43-101. Mr. Kenwood has reviewed and approved the technical information in this press release. Ely Gold is focused on developing recurring cash flow streams through the acquisition, consolidation, enhancement, and resale of highly prospective, un-encumbered North American precious metals properties. Ely's property development efforts maximize each property's potential for acquisition, while reserving significant royalty interests. Additional information about Ely Gold is available at the Company's website, at www.elygoldinc.com. On Behalf of the Board of Directors For further information, please contact: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan," "continue," "expect," "project," "intend," "believe," "anticipate," "estimate," "may," "will," "potential," "proposed," and other similar words, or statements that certain events or conditions "may" or "will" occur. This news release may contain forward-looking statements including but not limited to comments regarding the timing of the upcoming purchase of Properties, Royalty Portfolio and Data Base, appointment of Sheriff to the Board of Directors, option to purchase Option Properties, timing of the Closing and payment of purchase price, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

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