Minera IRL entertain 5,000 Peruvian children

Minera IRL {CSE: MIRL} have provided Christmas entertainment for 5,000 Peruvian children that live in the vicinity of their projects.

This is a wonderful gesture, and a first class example of a mining company engaging with their local communities in a positive manner. The pictures tell their own story.

 

 

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Wonderful gesture by Minera IRL in Peru – entertain 5,000 children.

 

Minera IRL {CSE: MIRL} have provided Christmas entertainment for 5,000 Peruvian children that live in the vicinity of their two projects.

This is a wonderful gesture, and a first class example of a mining company engaging with their local communities in a positive manner.

 

.Well done Diego Benavides, a nice guy with a big heart.

 

.To read the full article, please click HERE

 

 



Avalon Advanced Materials completes a preferred share agreement with Lind Partners

Avalon Advanced Materials Inc. {TSX: AVL} announced that it has entered into a preferred share purchase agreement  with an entity managed by The Lind Partners, a New York based asset management firm.

The financing will involve the issuance of 300 Series B1 Preferred Shares on a private placement basis at a price of $5,000 per Preferred Share, for gross proceeds of $1,500,000.

 

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Avalon Enters into Preferred Share Financing Agreement for Gross Proceeds of $1.5 million and Completes $362,000 Flow -Through Private Placement

 

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Toronto, ON – Avalon Advanced Materials Inc. {TSX: AVL} is pleased to announce that it has entered into a preferred share purchase agreement (the “Agreement”) with an entity managed by The Lind Partners, a New York based asset management firm (“Lind”). The financing will involve the issuance of 300 Series B1 Preferred Shares (the “Preferred Shares”) on a private placement basis at a price of $5,000 per Preferred Share for gross proceeds of $1,500,000. The proceeds will be used for ongoing market development work, metallurgical studies and preliminary engineering work on the Separation Rapids Lithium Project and for general working capital purposes. The transaction is expected to close the week of January 1, 2018.

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The Preferred Shares do not carry a dividend and have a redemption value per share that starts at $5,000 and increases by $250 per share each quarter over the next 24 months, to a cap of $6,750 per share. After the four month Hold Period (defined below), the Preferred Shares can be converted by Lind into common shares of the Company at a price per common share equal to 85% of the five-day volume weighted average price of the common shares on the Toronto Stock Exchange (the “TSX”) immediately prior to the date that notice of conversion is given.

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In conjunction with the closing, Lind will receive a commitment fee of $75,000 and 6,250,000 common share purchase warrants. Each warrant entitles the holder to purchase one common share of the Company at a price of $0.15 per common share until 60 months after closing.

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Pursuant to Canadian securities laws, the securities issuable under this private placement will be subject to a hold period (the “Hold Period”), which expires four months and one day after closing. After the Hold Period, Lind has the basic right to convert 15 Preferred Shares into common shares of the Company on a monthly basis, subject to certain conversion limits set out in the Agreement, however Lind is permitted to convert up to 60 Preferred Shares on a monthly basis in the event such amount does not exceed 20% of the Company’s 20-day traded volume of common shares on the TSX immediately prior to the date of delivery of a conversion notice.

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Lind will also be entitled to accelerate its conversion right to the full amount of the redemption value applicable at such time, or demand repayment of the applicable redemption value per share in cash, upon the occurrence of certain events as set out in the Agreement. The Company has the right to redeem the Preferred Shares at any time after the Hold Period at a small premium to the redemption value. The Company has floor price protection such that if any conversion results in an effective conversion price of less than $0.10 per common share, then the Company has the right to deny the conversion and instead redeem the Preferred Shares that were subject to that conversion for the redemption amount in cash plus a 5% premium.

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At any time while any Preferred Shares are outstanding, Lind has the option of subscribing for up to an additional 50 Series B2 Preferred Shares at a price of $5,000 per share and under the same terms and conditions as the initial financing, subject to certain triggering events and subject to the prior approval of the TSX.

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The Company has received conditional approval of the TSX in connection with the completion of the Series B1 Preferred Share private placement.

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Phillip Valliere, Managing Director at Lind said, “Lind is pleased to make this follow-on investment in Avalon, increasing our total investment to $4,000,000. We remain confident that management will successfully advance the Separation Rapids Lithium Project and we are happy to provide our continued support to the Company.”

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Don Bubar, Avalon’s President and CEO commented, “Lind continue to be solid supporters of the Company’s development plans for both the Separation Rapids Lithium and East Kemptville Tin Projects. This preferred share financing model achieves a balance that mitigates some of the risk of excessive dilution to our shareholders while providing Lind with some downside protection.”

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Flow-Through Private Placement

In addition to the above transaction, the Company has also completed a non-brokered private placement consisting of 2,500,000 flow-through shares at a price of $0.145 per share for gross proceeds of $362,500.

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In conjunction with this private placement, Avalon paid finder’s fees of $19,140 and issued 132,000 non-transferrable finder’s warrants, with each finder’s warrant being exercisable to acquire one common share of the Company at a price of $0.15 for a period of 24 months from today. Pursuant to Canadian securities laws, the securities issuable under this private placement are subject to a hold period which expires four months and one day from the date of issuance. The proceeds from this offering will be used primarily to continue to advance the Company’s Separation Rapids Lithium Project.

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This news release is not an offer of securities for sale in the United States. The securities have not been and will not be registered under the US Securities Act of 1933, as amended (the “US Securities Act”), and may not be offered or sold in the United States or to US persons (as defined in Regulation S under the US Securities Act) absent registration or an applicable exemption from registration. All currency reported in this release is in Canadian dollars.

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About The Lind Partners
The Lind Partners is a New York-based institutional fund management firm focused on small-and mid-cap companies publicly traded in Canada, Australia and the UK across mining, oil & gas, biotech and technology. Lind employs a multi-strategy investment approach: direct investments of new capital; participation in syndicated equity placements; IPO/pre-IPO investments; and selective open market trades. Since 2009, the Lind team has completed over 75 direct investments totaling over $600 million in value.

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About Avalon Advanced Materials Inc. 
Avalon Advanced Materials Inc. is a Canadian mineral development company specializing in niche market metals and minerals with growing demand in new technology. The Company has three advanced stage projects, all 100%-owned, providing investors with exposure to lithium, tin and indium, as well as rare earth elements, tantalum, niobium, and zirconium. Avalon is currently focusing on its Separation Rapids Lithium Project, Kenora, ON and its East Kemptville Tin-Indium Project, Yarmouth, NS. Social responsibility and environmental stewardship are corporate cornerstones.

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For questions and feedback, please e-mail the Company at ir@AvalonAM.com



Zenyatta Ventures close 1st tranche of financing

Zenyatta Ventures Ltd. {TSX.V: ZEN} has completed a first tranche non-brokered private placement financing for 713,077 units at a price of 65 cents per unit for aggregate gross proceeds of $463,500.

Directors participated for a total of $35,000.

 

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Comment

This all looks to be a bit of a struggle, ZEN were said to be raising several million a few months ago, then announce a $1 million financing, and now they have closed just $463,000 including directors’ participation of $35,000.

It will be interesting to see how long it takes to close the remainder, as this is less than half the announced total.

 

 

Zenyatta closes $463,500 first tranche of financing

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2017-12-19 15:08 ET – News Release

Mr. Brett Richards reports

ZENYATTA VENTURES LTD. ANNOUNCES CLOSING OF A FIRST TRANCHE C$463,500 NON-BROKERED PRIVATE PLACEMENT

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Zenyatta Ventures Ltd. has completed a first tranche non-brokered private placement financing for 713,077 units at a price of 65 cents per unit for aggregate gross proceeds of $463,500. Each unit consisted of one common share in the capital stock of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of $1 until the date which is 24 months following the closing date of the offering, whereupon the warrants will expire.

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The securities issued pursuant to the offering will be subject to a four-month-and-one-day statutory hold period. Zenyatta intends to use the net proceeds from the offering for business development and general working capital purposes.

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The company paid cash finders’ fees in the aggregate amount of $7,553, representing 7 per cent of the total proceeds raised by finders pursuant to the offering. A total of 11,620 finders’ warrants were issued as part of finders’ fees in connection with the involvement of finders in the offering. Each finder’s warrant will entitle the holder to purchase one common share at a price of $1 until the date which is 24 months following the closing date of the offering, whereupon the finder warrants will expire.

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Related party transaction

Brett Richards and Brian Davey, directors of the company, participated in the offering and are therefore related parties. Mr. Richards purchased 38,461 units for proceeds to the company of $25,000, and Mr. Davey purchased 16,000 units for proceeds to the company of $10,400.

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The participation in the offering by the related parties constitutes a related party transaction as such terms are defined by Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, requiring the company, in the absence of exemptions, to obtain a formal valuation for, and minority shareholder approval of, the related party transaction.

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The company is relying on an exemption from the formal valuation requirements of MI 61-101 available because no securities of Zenyatta are listed on specified markets, including the Toronto Stock Exchange, the New York Stock Exchange, the American Stock Exchange, the Nasdaq Stock Market, or any stock exchange outside of Canada and the United States, other than the Alternative Investment Market of the London Stock Exchange or the PLUS markets operated by PLUS Markets Group PLC. Zenyatta is also relying on the exemption from minority shareholder approval requirements set out in MI 61-101 as the fair market value of the participation in the offering by the related parties does not exceed 25 per cent of the market capitalization of Zenyatta, as determined in accordance with MI 61-101.

 

 

 

 

 

 

 

 

 

 

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Eguana enters into a $3 million loan agreement

Eguana Technologies Inc. {TSX.V: EGT}, one of the leaders in power conversion and control systems for distributed energy storage is pleased to announce that it has entered into a loan agreement for general working capital for up to US$3,000,000 on December 20, 2017 with Silicon Valley based Western Technology Investment.

 

 

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CALGARY, Alberta, Dec. 20, 2017 – Eguana Technologies Inc. {TX.V: EGT}, one of the leaders in power conversion and control systems for distributed energy storage is pleased to announce that it has entered into a loan agreement for general working capital for up to US$3,000,000 on December 20, 2017 with Silicon Valley based Western Technology Investment.

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“We are excited to partner with an experienced growth lender who understands the important role technology will play in the energy storage movement and has a history of backing successful technology companies,” stated Justin Holland, CEO of Eguana Technologies.  “Proceeds will immediately allow additional container shipments to Hawaii and provide a smooth transition to our contract manufacturer to manage our near-term growth projections in Australia and Europe.  Additionally, we will be in position to replace the balance of prior participating debentures with a lower effective interest rate.”

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As consideration for the advance of the Loan, which is secured against Eguana and its material subsidiaries, the Company has issued common share purchase warrants (the “Warrants“), entitling the Lender to purchase up to an aggregate of up to 2,951,733 common shares of the Company at a price of $0.17 per common share for a period of five (5) years from the date of the Loan.

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About Western Technology Investment

Founded in 1980, Western Technology Investment (WTI) pioneered the concept of venture debt. The firm provides minimally-dilutive, truly usable capital to high-growth, public and private, technology and life science companies.

For more information, please visit www.westerntech.com

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About Eguana Technologies Inc.

Eguana Technologies Inc. {TSX.V: EGT} designs and manufactures high performance power controls for residential and commercial energy storage systems. Eguana has more than 15 years’ experience delivering grid edge power electronics for fuel cell, photovoltaic and battery applications and delivers proven, durable, high quality solutions from its high capacity manufacturing facilities in Europe and North America.

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With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is one of the leading suppliers of power controls for solar self-consumption, grid services and demand charge applications at the grid edge.

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To learn more, please visit www.EguanaTech.com 



Strongbow Exploration announce special meeting

Strongbox Exploration {TSX.V: SBW} have announced a Special Meeting of Shareholders – Monday, January 15th, 2018, at 10am.

Meeting to be held at the Strongbow office: Suite 580, 625 Howe Street, Vancouver B.C.

 

 

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January 2018 Strongbow Special Meeting of Shareholders.

 

Monday, January 15th, 2018, at 10am. Meeting held at the Strongbow office: Suite 580, 625 Howe Street, Vancouver B.C.

 

 

To read the full article, please click HERE

 

 

 

 

 

 

 

 

 

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Kootenay announces 7 drill holes on Soledad structure for new gold target

Kootenay Silver Inc. {TSX.V: KTN} announces it has completed 7 holes along the Soledad Structure before the Christmas break. Drilling will recommence in January and results will be reported when received and compiled.

 

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KOOTENAY ANNOUNCES 7 DRILL HOLES COMPLETED ON SOLEDAD STRUCTURE GROUND RECONNAISSANCE PROGRAM IDENTIFIES NEW GOLD TARGET

 

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Kootenay Silver Inc. {TSX.V: KTN} announces it has completed 7 holes along the Soledad Structure before the Christmas break. Drilling will recommence in January and results will be reported when received and compiled. This is the 18th hole of the current program with 11 of these holes drilled in to the Ram structure resulting in a new drill discovery. (See news release November 23, 2016)

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Concurrent with the drill program, ongoing ground exploration has identified a new large gold target that is associated with a contact skarn zone representing a potentially significant gold target. The Company believes the newly identified zone, which trends east-west for up to 1000 meters, may be the extension of the Navidad target that includes an untested silver-lead anomaly approximately 500 meters east of the La Cigarra deposit.

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The current ground exploration and reconnaissance program is a prelude to an extended multi-phase drill program that is expected to be executed over the next 12-18 months on the property with the objective of adding new resources to the La Cigarra deposit and discovering new silver resources that sit adjacent to and outside of the Company’s established NI 43-101 resource estimate.

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James McDonald, President & CEO of Kootenay Silver stated: “We are very pleased to report on the progress of our ongoing ground exploration program. Results to date from the program support our belief that La Cigarra and the surrounding region of the property holds significant untapped potential for multiple new discoveries and the future internal growth of our existing silver asset. The work we have accomplished thus far in the program has clearly set the stage for an exciting winter drill season in the coming months ahead.”

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Previous soil-sampling over the gold target was conducted on a 50 by 50 meter soil grid that defined a 1000 meter long trend, 600 meters of which is defined by soils above a 50 ppb gold cutoff. Click on the following link to view a set of maps highlighting the gold-in-soil anomaly found at the skarn zone situated northeast of the La Navidad Zone: Gold, Silver and Lead Anomalies Maps of La Navidad Zone.

 

The La Navidad is one of 8 prospective targets that have been identified proximal to the La Cigarra deposit with the potential to add near surface silver resources to the project.

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Further details and results from the current ground exploration and reconnaissance program will be announced in future news release.

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Sampling and QA/QC

All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control (“QA/QC”) program. Samples are taken under the direction of qualified geologists and stored in sealed bags. Samples are delivered by the Company via courier to ALS Minerals (“ALS”) in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver B.C. Systematic assaying of standards is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30 gram fire assay with an AA finish.

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Qualified Persons

The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person for the purpose of National Instrument 43-101 (Standards of Disclosure for Mineral Projects).



Lithium Power posts a positive PEA report for Maricunga, Chile

Lithium Power International {ASX: LPI} posted a positive and solid looking PEA for their Maricunga lithium brine project, located in Chile.

LPI hold a 50% stake in the project, with Minera Sal Blanco and Li3 Energy.

 

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Lithium Power International {ASX: LPI} posted a positive and solid looking PEA for their Maricunga lithium brine project, located in Chile.

LPI hold a 50% stake in the project, with Minera Sal Blanco and Li3 Energy.

 

To access the report, please click HERE

 

  • The Maricunga Lithium Brine project’s Preliminary Economic Assessment (PEA) supports 20,000 tonnes per annum (t/a) production of lithium carbonate (LCE) and 74,000t/a potassium chloride fertilizer (KCl) over 20 years.
  • Project NPV is estimated to be US$1.049B before tax at 8% discount rate, providing an IRR of 23.4%.
  • Payback in 2 years and 11 months based on a 2-year ramp up period.
  • Project operating cost places Maricunga among most efficient producers with lithium carbonate production cost of US$2,938 per tonne (/t) FOB in Chile, reducing to US$2,635/t with credits from KCl by-product.
  • Project development cost estimated at US$366M (LPI’s 50% share estimated at US$183M) excluding KCl (US$23M), plus indirect costs of 14.2% (US$55M) and 18.6% (US$83M) contingency.
  • The project is progressing to a feasibility study, providing improved certainty regarding reserves, metallurgical design, equipment and operational risks.
  • Conventional evaporation pond and process technology to minimise operational risks.
  • PEA completed by Tier-1 engineering consultancy Worley Parsons to international standards. Accuracy of operating and capital cost estimates expected within a +/- 25% range.

 



G20 to discuss Bitcoin, cryptos in 2018

Bitcoin $BTC and crypto currencies have been put on the discussion agenda for the next G20 meeting, to be held in 2018.

Finally it looks as though the sheer amount of money invested in the crypto space, and the freedom of movement is of concern to world governments.

 

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The G20 to discuss crypto currencies

 

Bitcoin $BTC and crypto currencies have been put on the discussion agenda for the next G20 meeting, to be held in 2018.

 

Finally it looks as though the sheer amount of money invested in the crypto space is of concern to world governments.

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I have always found it hard to fathom why world governments have, by and large, ignored crypto currencies up until now, despite the fact that they offer a way to circumvent drug trafficking, taxation, and money laundering laws.

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There seems little point in the established financial system conforming to the myriad of  rules to prevent financial transgression, if one can simply opt for a different money system and transfer money with impunity!

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It would appear that western governments have finally woken up to this fact, and that may lead to regulation for cryptos in the shorter term, in my opinion. This has been a long time in coming, but we may be nearly there.

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Another area I expect to see tightened up is the ICO market. This seems to have reached ridiculous proportions, with around 150 new tokens being issued this year, including the Tezos farce that may yet land up in court, and rightly so too, in my opinion.

 

An ICO is, in reality, an IPO, and tokens are akin to shares, and need regulating in the same way as securities do. The SEC have already realised this, and are going to regulate accordingly, which is entirely correct in my view.

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The Chinese have banned ICO;s currently, but maybe they will also go down the regulatory route in the future?

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Like the internet, the crypro coins and tokens have enjoyed great freedom, but that looks as though it is about to be reigned in and replaced with a tightly regulated system.

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I expect to see a very different internet and crypto currency world in a few years time, if not before.

 

 

 

 

 

 

 

 

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Kootenay Closes $3.9 Million in First Tranche of Private Placement

Kootenay Silver Inc. {TSX.V: KTN}  is pleased to announce that further to its press release dated November 15, 2017, it has closed the initial tranche of its non-brokered private placement and has issued an aggregate of 19,549,480 units (each a “Unit”) at a purchase price of $0.20 per Unit for gross proceeds to the Company of $3,909,896.

 

 

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Kootenay Closes $3.9 Million in First Tranche of Private Placement

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VANCOUVER, Dec. 14, 2017  – Kootenay Silver Inc. {TSX.V: KTN}  is pleased to announce that further to its press release dated November 15, 2017, it has closed the initial tranche of its non-brokered private placement and has issued an aggregate of 19,549,480 units (each a “Unit”) at a purchase price of $0.20 per Unit for gross proceeds to the Company of $3,909,896.

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Each Unit consists of one common share (“Common Share”) and one-half of a transferable common share purchase warrant (each whole warrant a “Warrant”). Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.30 per share until December 13, 2020.  Cash finder’s fees to arm’s length parties totalling $154,600 have been paid on this portion of the Private Placement.

The final tranche of the Private Placement to raise a further $109,000 by the issuance of an additional 545,000 Units is expected to close shortly, for aggregate total gross proceeds to Kootenay under the Private Placement of $4,018,896. The Company will announce the closing of the final tranche upon completion.

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The net proceeds of the Private Placement will be used to fund the exploration and development of the Company’s La Cigarra project in Chihuahua State, Mexico, possible new acquisitions and for general working capital purposes.

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All securities issued pursuant to the Private Placement are subject to a four month hold period under applicable securities laws in Canada, ending on April 14, 2018.

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The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any State Securities Laws and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act. This release does not constitute an offer for sale of securities in the United States.

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About Kootenay Silver Inc.

Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

The information in this news release has been prepared as at December 13, 2017. Certain statements in this news release, referred to herein as “forward-looking statements”, constitute “forward-looking statements” under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as “expected”, “may”, “will” or similar terms.

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Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies.  Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made.  Except as otherwise required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Kootenay’s expectations or any change in events, conditions or circumstances on which any such statement is based. More particularly, this release contains statements concerning the closing of the balance of the Private Placement. Accordingly, there is a risk that the Private Placement will not be completely sold, completed within the anticipated time or at all. 

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SOURCE Kootenay Silver Inc.

 

 

 

 

 

 

 

 

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Minera IRL –  Annual General Meeting of MIRL re-elected Board of Directors

Minera IRL Limited  {CSE: MIRL} announced that it held its annual general meeting (“AGM”) on 07 December 2017 in Vancouver, Canada and that the Company’s shareholders adopted all of the resolutions presented, receiving the annual financial statements, re-electing all of the incumbent directors and re-appointing the incumbent auditor.

 

 

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 Annual General Meeting of MIRL re-elected Board of Directors

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Lima, 11 December 2017: Minera IRL Limited {CSE: MIRL}is pleased to announce that it held its annual general meeting (“AGM”) on 07 December 2017 in Vancouver, Canada and that the Company’s shareholders adopted all of the resolutions presented, receiving the annual financial statements, re-electing all of the incumbent directors and re-appointing the incumbent auditor.

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Gerardo Perez, Executive Chairman of Minera IRL said that “We are delighted with the strong support we received from the shareholders at the AGM.  Each director was re-elected with over 90% of the vote at the AGM, with our Chairman receiving 96% and our Chief Executive Officer receiving over 99% of the vote.  This support from our shareholders serves as a source of timely inspiration for all of us at Minera IRL as we continue our efforts to negotiate a solution with COFIDE and build shareholder value.”

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Mr Harry Bettis, a significant shareholder of the Company for many years and an old friend of the late Courtney Chamberlain (who was one of the original founders of the Company), attended the AGM in Vancouver and commented as follows: “I am delighted that the directors were re-elected by my fellow shareholders with such a significant mandate.  I am confident that the Board intends to use this mandate to continue its transition into a new phase of stability, progress and value creation for all shareholders.”

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The Company continues to focus on its effort to advance its Ollachea project.

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FOR FURTHER INFORMATION, PLEASE CONTACT:

Minera IRL Limited 
Gerardo Pérez
Chairman                                                                             +51 1 418 – 1230

Diego Benavides                                                                  +51 1 418 – 1230 
Director and CEO

Carlos Ruiz de Castilla                                                        +1 778 387 5434 
Chief Financial Officer

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.

Cautionary Statement on Forward-Looking Information

Certain information in this news release, including information about the Company’s financial or operating performance, information about the legislative regime to which the Company is subject, and other statements expressing management’s expectations or estimates of future events, performance and exploration and development programs or plans constitute “forward-looking statements”. Forward- looking statements in this press release include Mr. Bettis’ confidence in the Company’s ability to use this shareholder mandate to continue its transition into a new phase of stability, progress and value creation for all shareholders. Forward-looking statements are, necessarily, based upon a number of estimates and assumptions. While considered by management to be reasonable in the context in which they are made, forward- looking statements are inherently subject to political, legal, regulatory, business and economic risks and competitive uncertainties and contingencies. The Company cautions readers that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Minera IRL’s actual financial results, legislative environment, future performance and results of exploration and development programs and plans to be materially different than those expected or estimated future results, performance or achievements and that forward-looking statements are not guarantees of future performance, results or achievements.

Minera IRL assumes no obligation, except as may be required by law, to update or revise them to reflect new events or circumstances. Risks, uncertainties and contingencies and other factors that might cause actual performance to differ from forward-looking statements include, but are not limited to, any failure to obtain or complete project financing for the Ollachea Gold Project (including the Senior Debt Facility), failure to reach acceptable terms with financial advisors, being unable to increase efficiencies, reduce costs, or solidify financing, delays in development or in receiving reports on our development, changes in the price of precious metals and commodities, changes in the relative exchange rates of the US dollar against the Peruvian nuevo sol, interest rates, legislative, political, social or economic developments both within the countries in which the Company operates and in general, contests over title to property, the speculative nature of mineral exploration and development, operating or technical difficulties in connection with the Company’s development or exploration programs, increasing costs as a result of inflation or scarcity of human resources and input materials or equipment. Known and unknown risks inherent in the mining business include potential uncertainties related to the title of mineral claims, the accuracy of mineral reserve and resource estimates, metallurgical recoveries, capital and operating costs and the future demand for minerals. For additional information, please consult the Company’s most recently filed MD&A and Annual Information Form.

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Neometals issue an update on their lithium activities

Neometals {ASX: NMT} the western Australian based lithium producer, have issued a comprehensive update on their lithium production and development activities.

Neometals are continually developing, in the exciting cleantech sector, and have an experienced management team

 

 

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To access the report, please click HERE

 

 

 

 

 

 

 

 

 

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Cascadero Copper appoint Dr. David Dreisinger to its Advisory Board.

Cascadero Copper {TSX.V: CCD} announced the appointment of Dr. David Dreisinger to its Advisory Board.

The Cascadero Process for recovery of cesium from Taron mineralisation was developed at the University of British Columbia laboratory under the direction of Professor Dreisinger.

 

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December 13, 2017

The Corporation is pleased to announce the appointment of Dr. David Dreisinger to its Advisory Board.

 

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Dr. David Dreisinger completed his B.A.Sc. and Ph.D. in Metallurgical Engineering at Queen’s University at Kingston, Ontario.  Since 1984, David has worked at the University of British Columbia in Vancouver, Canada. Since 1992, David has held the position of Chair, Industrial Research Chair in Hydrometallurgy (20 current sponsors). Technical short courses are offered annually to sponsors. David has delivered, with co-workers, over 300 industry-based courses on a wide range of hydrometallurgy topics.  David has researched widely and together with students and co-workers has published over 300 papers and been granted 21 US patents.

David has worked closely with industry to commercialize technology.  Developments in copper include the Mount Gordon Process, the Sepon Copper Process and the Boleo Process.  David is currently working on commercialization of the PLATSOL Process, the SALT process, the INCOR Lead Process and the Search Minerals Rare Earth Extraction Process. The Cascadero Process for recovery of cesium from Taron mineralization was developed at the University of British Columbia laboratory under the direction of Professor Dreisinger.

David has been very active in support of professional society affairs (CIM, TMS, SME) and especially involved in the organization of technical conferences. David has edited or co-edited 10 conference volumes.  David has received many professional awards including the Sherritt Hydrometallurgy Award (METSOC), the EPD Science Award (TMS), the Wadsworth Award (TMS) and the INCO Medal (CIM).  David is a Fellow of CIM and the Canadian Academy of Engineering.

Cascadero Copper Corporation has granted seven million five hundred thousand stock options with an exercise price of $0.15 per share with two-year expiry date of December 12th, 2019 to consultants, advisors, directors and officers of the Company.

Judith Harder
President/CEO



Smartcool Systems complete Installation into a UK Premier League Football Club

Smartcool Systems Inc. (TSX.V: SSC} announced that the company has successfully completed an installation at one of the UK’s top “Premier League” Football Clubs..

Energy reductions are already being recorded and look certain to exceed the expected targets that have been set by the club management.

 

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Smartcool Installs ECO3 at Premier League Football Club Stadium To Provide Energy Savings.

 The installation at a top UK Premier League Football Club Stadium will provide Energy Reductions and deliver significant Financial and Environmental Benefits.

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Ted Konyi, CEO, Smartcool Systems Inc. (TSX.V:  SSC} is pleased to announce that the company has successfully completed an installation at one of the UK’s top “Premier League” Football Clubs.

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Energy reductions are already being recorded and look certain to exceed the expected targets that have been set by the club management.

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Ted Konyi commented, “ This installation carries on the success that our UK team is having with a number of market verticals. Of particular interest on this installation is that Smartcool’s proprietary technology was applied to Mitsubishi Ecodan heat pumps being used to heat the domestic hot water for the stadium. This system is a more efficient method of heating hot water and either a replacement for gas fired boilers or installed on new construction as an alternative to gas fired boilers. It represents an entirely new market opportunity for Smartcool that consumes large electrical energy that can be improved through the deployment of Smartcool technology. The system operates 24/7/365and averages 1mWh per day. Anticipated ROI is 2 year or less.”

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Nick Weedon, Smartcool’s National Sales Manager responsible for the account said, “ This installation marks another successful project designed and executed by the Smartcool UK team. The application on the Clubs heat pumps broadens the base of Smartcool installations bringing both financial and environmental benefits. Working with such a prestigious client who recently topped Sky Sports Ultimate Premier League Table was exciting for us all. I look forward to working with the club on other projects in the near future.”

 

 

 

 

 

 

 

 

 

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Nouveau Monde graphite publishes their PFS report for Matawinie

Nouveau Monde Graphite Inc. (TSX.V :NOU} announced the publication of a technical report for the Pre-feasibility Study (“PFS”) covering the West Zone of the Tony Claim Block, part of its Matawinie graphite Property.
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The report, completed in accordance with National Instrument (NI) 43-101, details the PFS results announced in the press release dated October 25, 2017.

 

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SAINT-MICHEL-DES-SAINTS, QUEBEC – Dec.12, 2017)– Nouveau Monde Graphite Inc. (TSX.V :NOU} is pleased to announce the publication of a technical report for the Pre-feasibility Study (“PFS”) covering the West Zone of the Tony Claim Block, part of its Matawinie graphite Property.
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The report, completed in accordance with National Instrument (NI) 43-101, details the PFS results announced in the press release dated October 25, 2017. The complete PFS report titled “43-101 TECHNICAL PRE-FEASIBILITY STUDY REPORT FOR THE MATAWINIE GRAPHITE PROJECT”, dated December 8, 2017, is available on SEDAR, as well as on the company’s website through this LINK.

New Appointments to Technical Team

Furthermore, Nouveau Monde wishes to announce the appointment of three professionals to its technical team. Those individuals will conduct and support the upcoming feasibility study and other work related to the mining process and value-added graphite product research as well as the construction and operation of the demonstration plant (for further details, see Press Release dated December 4, 2017).

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Nouveau Monde has appointed Mr. Pierre Terreault, P.Eng., MPM., as Principal Director. Mr. Terreault has more than thirty-six years of experience. He is a graduate mining engineer from the Montreal École Polytechnique and also holds a Master’s Degree in Project Management (MGP). He has worked with various operating companies such as Osisko Mining, Norda Stelo, Strateco Resources, Goldcorp, and Wesdome to name a few, and his experience encompasses mine engineering, mine operations and production, preparation of feasibility studies and new mine development as well as managing project budgets, and the permitting processes. As Principal Director, Mr. Terreault’s main responsibilities will be to plan and manage the work related for the upcoming Feasibility study, spearhead the environmental and social impact study as well as manage construction of the pilot plant.

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Nouveau Monde Graphite is also pleased to announce the appointment of Mr. Martin Brassard as Research and Development Director. Mr. Brassard has a PhD in chemical engineering and a M.Sc. in chemistry. He brings more than 15 years of experience in research and development acquired in the metallurgical and pharmaceutical sectors. Mr. Brassard will be responsible for the coordination of research and development activities at Nouveau Monde. His broad area of expertise in hydro, electro and pyrometallurgical processes will be an asset for Nouveau Monde Graphite in the development of value added graphite products.

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Finally, Nouveau Monde has appointed Mr. Eric Forget to the position of Process and Metallurgy Director. Mr. Forget graduated from Ecole Polytechnique de Montreal as a Materials Science Engineer with a specialization in metallurgical processes. Prior joining Nouveau Monde, Mr. Forget worked in the semiconductor industry as a process Engineer and, for the last nine years, he was a consultant for BBA, focused on mining sector projects. While at BBA he lead various greenfield mine studies (iron, gold, lithium, etc.) as well as the detailed engineering of existing plants. In his new position with Nouveau Monde, Mr. Forget will be responsible for the demonstration plant’s detailed engineering, construction, commissioning and operation. Mr. Forget will focus on the commercial process and plant design at every stage of its development for the next two years. Mr. Forget will also work closely with the Task Force studying a net zero carbon emission mining project.

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About Nouveau Monde Graphite

In 2015, Nouveau Monde discovered a graphite deposit on its Tony claim block, part of its fully owned Matawanie graphite property. This discovery recently gave rise to the publication of results from a Pre-feasibility Study (PFS), released on October 25, 2017 by Nouveau Monde. This PFS demonstrated strong economics with a planned production of 52,000 tpy of high purity flake graphite concentrate, and a mine life of 27 years. The Probable Mineral Reserves, identified over the West Zone of the Tony Block totals 33.0 Mt grading 4.39 % Cg. These Reserves are prepared in accordance with Canadian Institute of Mining, Metallurgy and Petroleum Definitions Standards for mineral resources in concordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Matawinie graphite project is located in the municipality of Saint-Michel-des-Saints, approximately 150 km north of Montreal. It benefits from direct access to a workforce and the appropriate infrastructure to operate, including abundant and renewable hydroelectric resources. Nouveau Monde’s team members are developing this project with the outmost respect for the neighbouring communities, while targeting a low environmental impact footprint.

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The technical information in this news release was prepared by Antoine Cloutier, P. Geo and chief geologist for Nouveau Monde. Mr. Cloutier is a Qualified Persons under National Instrument 43-101.

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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All statements, other than statements of historical fact, contained in this press release including, but not limited to (i) years of service life and the annual production capacity of the Demo Plant; (ii) the obtaining the necessary authorizations and permits; (iii) the schedule, outlook and forecast of the Demo Plant; (iv) the benefits to be derived from the Demo Plant and (v) generally, the above “About Nouveau Monde Graphite” paragraph which essentially describe the Corporation’s outlook constitute ”forward-looking information” or ”forward-looking statements” within the meaning of certain securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forwardlooking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.

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Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. Further information regarding Nouveau Monde is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nouveaumonde.ca.

 

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Eguana Technologies offers a complete package to Long Island residents

Eguana Technologies Inc. (TSX.V:EGT}, one of the leaders in power conversion and control systems for distributed energy storage, announced  that New York based Sossin Group LLC has teamed up with Swezey Fuel and National Energy Connection  to offer a complete solar and storage package for Long Island residents. 

 

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CALGARY, Alberta, Dec. 11, 2017 – Eguana Technologies Inc. (TSX.V:EGT}, one of the leaders in power conversion and control systems for distributed energy storage, is pleased to announce  New York based Sossin Group LLC has teamed up with Swezey Fuel and National Energy Connection (NEC) to offer a solar and storage package for Long Island residents.  To read the full article, please click HERE

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The value-added package combining solar and storage with an advanced Energy Management Controller (EMC) allows home owners to take full advantage of Utility inter-connection and incentive programs including the 30% federal tax credit.

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“Renewables growth is expected to grow quickly in New York markets with current and anticipated incentive programs,” commented Justin Holland, CEO of Eguana Technologies. “This is a natural expansion of services and products for Swezey and The Sossin Group has put together a full-service team including National Energy Connection.”

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In addition to electricity cost savings Swezey customers will enjoy full back up power mode provided by the Eguana AC battery keeping the lights on and the customers warm through grid failures and power outages.  Coupled with smart software technology full control of the energy management needs can now be managed through a smartphone, tablet or laptop.

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The Eguana AC Battery can be purchased separately for back up power installations or as part of the complete package.

 

 

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About Sossin Group LLC

Primarily focused in the five boroughs of New York City, the Sossin Group LLC is a team of experienced professionals bringing over 30 years of sales, marketing and channel development expertise both commercially and residentially. Led by Kevin Sossin, the team’s core competency has been launching electrical, industrial, solar heating and HVAC product lines through an established network serving real estate developers, property managers, and the general contracting community of New York.

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About Eguana Technologies Inc.

Eguana Technologies Inc. designs and manufactures high performance power controls for residential and commercial energy storage systems. Eguana has more than 15 years’ experience delivering grid edge power electronics for fuel cell, photovoltaic and battery applications and delivers proven, durable, high quality solutions from its high capacity manufacturing facilities in Europe and North America.

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With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is one of the leading suppliers of power controls for solar self-consumption, grid services and demand charge applications at the grid edge.

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To learn more, please visit www.EguanaTech.com



Are crypto currencies about to be used to circumvent US sanctions?

Bitcoin $BTC and other crypto’s have been hogging the headlines as a result of their rapid rise in price and the vast (paper) wealth they are currently creating.

At the same time another interesting development is occurring, the announcement by Venezuela and Russia of potential oil backed crypto currencies that would allow both countries to circumvent US sanctions.

 

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Bitcoin $BTC and other crypto’s have been hogging the headlines as a result of their rapid rise in price and the vast (paper) wealth they are currently creating.

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At the same time another interesting development is occurring, the announcement by Venezuela and Russia of potential oil backed crypto currencies that would allow both countries to circumvent US sanctions.

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Venezuela became the first country to make a firm proposal to have their own crypto currency, the ‘petro’, backed by that country’s oil reserves.

 

Now Russia has also declared an interest in creating their own crypto currency, the ‘neft’ (neft means oil in Russian), as a means of avoiding the petrodollar dominated financial world.

 

It looks clear that Vladimir Putin put the idea into Venezuelan President Maduro’s head, as both countries are suffering due to US sanctions.

 

 

 

 

 

 

 

 

 

 



Neometals has been admitted to the Nasdaq International Designation

Neometals Ltd {ASX: NMT} has been admitted to the Nasdaq International Designation which supports companies in innovative industries.

The company’s Level 1 American Depository receipts, currently traded on the OTC, have met the required standards for NASDAQ designation.

 

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Neometals Ltd  has been admitted to the Nasdaq International Designation which supports companies in innovative industries.

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The company’s Level 1 American Depository Receipts (ADRs) have traded in the US over the counter (OTC) market since 2010.

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As the ADRs have met requisite standards, Neometals has been admitted to the Nasdaq International Designation.

 

 

 

 

 

 

 

 

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Cartier Resources complete CAD $5.3 million financing

Cartier Resources {TSX.V:ECR} announced  that it has closed its previously announced private placement  for aggregate gross proceeds of CAD $5,299,900.

A total of 13,030,000 Flow Through shares of the Company were issued and sold at a price of $0.33 per Flow Through Share and 5,000,000 common shares of the Company were issued and sold at a price of $0.20 per Share.

 

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Val-d’Or, Quebec – December 5th, 2017– Cartier Resources Inc. (‘Cartier‘ or the ‘Company‘) {TSX.V:ECR} announced today that it has closed its previously announced private placement (the ‘Offering‘) for aggregate gross proceeds of $5,299,900. A total of 13,030,000 Flow Through shares of the Company were issued and sold at a price of $0.33 per Flow Through Share and 5,000,000 common shares of the Company were issued and sold at a price of $0.20 per Share. The Offering was completed through Sprott Capital Partners. All monetary references are in Canadian dollars.

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The net proceeds raised through the Offering will be used to fund further exploration on the Company’s Chimo Mine, Wilson, Benoist and Fenton properties and for general working capital purposes.

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The Offering Shares issued under the Offering is subject to a four month and one day hold period expiring on April 6, 2017. The Offering remains subject to the final approval of the TSX Venture Exchange.

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In connection with the Offering, the underwriter received a cash fee equal to 6% of the gross proceeds of the Offering and 1,081,800 non-transferable compensation options. Each compensation option is exercisable into one common share of the Company at a price of $0.27 until December 5, 2019.

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The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

 

 

 

 

 

 

 

 

 

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Tinka Announces New Discovery at Zone 3 Drills 10 Metres Grading 7.9 % Zinc+Lead

Tinka Resources Limited  {TSX.V: TK}  announced results for six new drill holes at the Company’s 100%-owned Ayawilca project in central Peru.

The new drill results at one 3 constitute a new discovery, and include 1 metres at 7.9% zinc plus lead.

 

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Tinka drilling in 2017

 

 

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Vancouver, Canada – Tinka Resources Limited  (TSX.V:TK} is pleased to announce results for six new drill holes at the Company’s 100%-owned Ayawilca project in central Peru. Three holes are resource step-out holes at South Ayawilca, two holes are resource infill holes, and one hole intersected significant mineralisation at the “Zone 3” area for the first time.

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Drill hole A17-091A (previously A17-091, which was deepened from 480 metres to 625 metres depth) encountered massive sulphide replacements of the carbonate host rocks from 569 to 594 metres depth. An upper 10 metre interval intersected pyrite with significant zinc-lead-silver mineralization, while the lowermost 14 metre interval intersected significant tin-copper-silver mineralisation with massive pyrite. In addition, drill hole A17-100 has extended the known South Ayawilca zinc mineralisation by about 200 metres eastward, with mineralisation still open.

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Key Highlights 
Hole A17-091A (Zone 3 – New Discovery):

  • 10.3 metres at 5.9 % zinc, 2.0 % lead & 66 g/t silver from 570.2 metres (* MS), including
    • 4.5 metres at 9.4 % zinc, 1.1 % lead & 45 g/t silver from 576.0 metres depth; and
  • 13.5 metres at 0.83 % tin, 0.39 % copper & 54 g/t silver from 588.50 metres depth (* MS), including
    • 7.5 metres at 1.14 % tin, 0.14 % copper & 54 g/t silver from 588.5 metres depth; and
  • 4.0 metres at 1.04 % tin, 0.11 % copper & 5 g/t silver from 608.0 metres (veins in phyllite), including
    • 2.0 metres at 1.82 % tin, 0.13 % copper & 6 g/t silver from 610.0 metres depth.

     

    Hole A17-100 (South Ayawilca – 200 metre step-out):

    • 3.0 metres at 9.1 % zinc, 0.2 % lead & 79 g/t silver from 225.5 metres depth.

     

    Hole A17-101 (South Ayawilca – infill):

    • 7.2 metres at 6.5 % zinc, 136 g/t indium and 10 g/t silver from 350.8 metres depth, including
      • 2.0 metres at 14.7 % zinc, 324 g/t indium & 15 g/t silver from 356.0 metres depth.

     

    Hole A17-102 (South Ayawilca – infill):

    • 4.0 metres at 7.1 % zinc & 52 g/t silver from 356.5 metres depth.

    * MS = Massive sulphides.

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    Dr. Graham Carman, Tinka´s President and CEO, stated: “We believe the new intercepts in drill hole A17-091A are very significant, as they open up the Zone 3 area for potential resource expansion in an area that has seen little drilling. The same magnetic anomaly that outlines the Ayawilca Zinc and Tin Zones continues into Zone 3, extending the prospective zone by hundreds of metres to the northeast. A drill rig will continue to operate in the Zone 3 area following-up on this exciting discovery. Drilling is now expected to continue well into 2018 without a break, other than for the Christmas period.”

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    Dr. Carman continued: “These holes are the first to be released following our zinc and tin resource update (see Press Release Nov 8, 2017). Already, new results are indicating that the project is likely to continue to grow with additional drilling. Drill hole A17-100 intersected 3 metres grading 9.1 % zinc in a 200-metre step-out hole from the resource at South Ayawilca. A large 750-metre gap remains undrilled between significant zinc intersections at South Ayawilca and Zone 3. While exploration drilling continues with the goal of expanding the project resources, we are concurrently working on de-risking the project through metallurgical tests of the two main styles of mineralization as well as beginning preliminary desktop mining studies. We look forward to providing updates on these programs as they progress.”

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    True thicknesses of the zinc and tin intersections are estimated to be at least 85% of the downhole thickness. Significant drill intercepts post the recent resource estimate are summarized in Table 1 with the strongest intercepts in bold text. Table 2 summarizes the drill collar information for the recent holes.

     

    To access the full news release, please click HERE

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    Radisson Mining announce Renaud Adams has made a significant investment in the company

    Radisson Mining Resources {TSX.V: RDS} have announced a financing of CAD $1.5 million, with a “strong investment”  by experienced mining professional Renault Adams.

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    RADISSON WELCOMES STRATEGIC INVESTMENT FROM RENAUD ADAMS, CLOSES $ 1.53 M PRIVATE PLACEMENT

     

    Press release highlights:
    Mario Bouchard President & CEO commented: “We are pleased to welcome Renaud as a shareholder of the company, the closing of this strategic investment will enable Radisson to pursue the exploration and development plan of the O’Brien gold project. In the coming months, our main focus will be on the exploration of the Vintage Zone where the company recently discovered multiple high-grade gold intersects over a strike length of 825 m, from surface and up to 580 m at depth. In parallel, the company is on track to complete a resource estimate update at O’Brien during the first quarter of 2018”. 
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    About Renaud Adams 
    Mr. Adams has over 20 years of mining experience, and most recently served as President and Chief Executive Officer at Richmont Mines Inc. recently acquired by Alamos Gold Inc. in a friendly transaction of approximately US$770 million. Prior to this, Mr. Adams served as President and Operating Officer at Primero Mining Corp., Senior Vice-President, Americas Operations, at IAMGOLD Corporation, and held various senior positions with Cambior Inc. and Breakwater Resources Ltd. Mr. Adams holds a Bachelor of Engineering degree in Mining and Mineral Processing from Laval University. 
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    Rouyn-Noranda, Quebec Radisson Mining Resources Inc. (“Radisson” or the “Company”) is pleased to announce the closing of a non-brokered private placement totalling $1,534,606.47 with the strong participation of Mr. Renaud Adams, actual shareholders and the board of directors. The company raised gross proceeds of $1,534,606.47 through the issuance of 3,333,334 Class A units (the “Unit”) at a price of $0.15 and 4,926,697 flow-through units (the “FT Unit”) at a price of $0.21. Each Unit consists of one Class A share of the share capital of Radisson and one-half of share purchase warrant (“Warrant”) with each full Warrant entitling its holder thereof to purchase one Class A share at a price of $0.20 for a period of 18 months following the closing date of the private placement. Each FT Unit consists of one flow-through Class A share of the share capital of Radisson and one-half of share purchase warrant (“Warrant”) with each full Warrant entitling its holder thereof to purchase one Class A share at a price of $0.25 for a period of 18 months following the closing date of the private placement. In accordance with Canadian securities laws, the securities issued under this private placement are subject to a four-month and one day hold period expiring on April 6, 2018. 
    Four insiders of the corporation and one company of an insider made contribution to the private placement for a total amount of $165,000.27 resulting into 553,334 units and 390,477 FT Units. 
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    In connection with this closing, Radisson paid an amount of $5,250 in finder’s fee and issued 35,000 finder’s warrants entitling the holder thereof to acquire one class A share of the share capital of Radisson at $0.20 for a period of 18 months following the closing date.
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    The closing of this private placement is subject to final acceptance by the TSX Venture Exchange. As a result of the private placement, there are currently 124,223,893 class A shares of Radisson issued and outstanding. 
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    The Company intends to use the gross proceeds of the Offering from FT Units for “Canadian Exploration Expenses” (within the meaning of the Income Tax Act (Canada)) related to the Company’s O’Brien gold project located along the Larder-Lake-Cadillac Fault in Quebec. The Company will agree to renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2017. 
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    About Radisson Mining Resources Inc. 
    Radisson is a Quebec-based mineral exploration company. The O’Brien project, cut by the regional Cadillac Break, is Radisson’s flagship asset. The project hosts the former O’Brien Mine, considered to have been the Abitibi Greenstone Belt’s highest-grade gold producer during its production (1,197,147 metric tons at 15.25 g/t Au for 587,121 ounces of gold from 1926 to 1957; InnovExplo, April 2015). 
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    For more information on Radisson, visit www.radissonmining.com or contact: 
    Hubert Parent-Bouchard
    Corporate Development
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    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements: This press release may contain certain forward-looking information. All statements included herein, including the scheduled Closing date, but other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward looking information can be found in Radisson’s disclosure documents on the SEDAR website at www.sedar.com.
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