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Garibaldi Completes Airborne Geophysical Surveys Arranges $12 Million Finance Facility With Alumina Partners

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Garibaldi Completes Airborne Geophysical Surveys Arranges $12 Million Finance Facility With Alumina Partners

 

Vancouver, British Columbia, September 3, 2021 – Garibaldi Resources (TSXV: GGI) (the “Company” or “Garibaldi”) is pleased to announce that the 2021 exploration program will resume drilling at the E&L nickel-copper-cobalt massive sulphide project at Nickel Mountain in Northwest British Columbia. This coincides with the completion of two separate airborne geophysical surveys at the Company’s180 sq.km Eskay Claim Group.  

Preliminary ZTEM Results

Garibaldi’s preliminary ZTEM survey data has identified a number of electro-magnetic (EM) anomalies. The survey detected the response of several conductors that will be ranked for field work and drill testing, early results are described as follows:

  • Preliminary 2D Geotech ZTEM survey data over the Nickel Mountain Gabbroic Complex (NMGC) has detected several responses that support results from earlier VTEM surveys. Five conductors occur along and within the northeast trending gabbroic complex starting from E&L in the southwest to Mount Shirley in the northeast, and add to the potential for new discovery.
  • These five separate ZTEM anomalies have never been previously drill tested as VTEM targets due to the higher priority of drilling the E&L mineralized zones. After producing a ZTEM response, these early results provide support for these anomalies as reliable conductors and priority drill targets.
  • While final ZTEM 3D interpretation is required for full confirmation, the fact these preliminary 2D ZTEM results coincide specifically with the five earlier VTEM conductors, is considered to be significant. Particularly interesting is the ZTEM responses extending downward below the VTEM anomalies in four of the five conductors.
  • The ZTEM survey also tested beneath the Bowser-Hazelton geologic contact sequence over Garibaldi’s claims. Garibaldi’s Eskay North claim block borders the original Eskay Creek mine situated along strike within 3 kms of the historic 21zones.These zones had some of the highest precious metal grades in history.

Financing Facility

Garibaldi Resources Corp.is pleased to announce that it has entered into a definitive agreement with Alumina Partners (Ontario) Ltd. to provide up to $12 million CDN over 3 years by way of a draw down equity financing facility. Alumina Partners is an affiliate of New York based private equity firm Alumina Partners, LLC.

 

The investment agreement is structured for relatively rapid access to equity private placement tranches of up to $500,000 CDN each. Each tranche will be a private placement of units comprised of one Garibaldi common share and one-half a common share purchase warrant good for 3 years.

Steve Regoci Garibaldi’s CEO stated “The investment agreement with Alumina Partners will allow for more flexibility to expand exploration budgets and provide insurance to accelerate development plans. As the new economy ramps up and demand for depleting critical metals grows, our shareholders will be well positioned to benefit.”

“We’re pleased to support Garibaldi as they ramp up exploration programs at Eskay Creek and the Atlin Gold Fields,” added Adi Nahmani, Alumina’s Managing Member. “The combination of gold and strategic battery metals opportunities in Garibaldi’s portfolio is very attractive to us. We believe that the dual drivers of near-term inflation and rising demand for energy storage solutions will set the stage for a favorable price environment for Garibaldi’s future development, and we look forward to seeing management execute in the remainder of this year and the year to come.”

Garibaldi may elect to access funding as and when required at its sole discretion, there are no standby charges or other upfront fees associated with the investment agreement. The units will be issued at a discount of 15% to 25% from the closing market price at the time each tranche is drawn down and the warrants will be issued at a 25% premium over the same closing market price. The expiry date of the warrants may be accelerated if they should trade equal to or greater than twice the exercise price for 20 consecutive days once eligible to be exercised. Each unit issued under the investment agreement will be subject to acceptance of the TSX Venture Exchange and the securities issued will be subject to a four month hold period from the date of issuance.

Steve Regoci, Garibaldi’s CEO, stated: “There’s a great deal of anticipation as to these preliminary ZTEM results which identifies a very intriguing group of anomalies lined up over a significant distance along the northeast axis from E&L. Their features are extremely interesting and we’re eager to drill these targets.

The Eskay Claim group contains enormous potential beyond our recent discoveries. Plans remain to continue to drill test the mineralized E&L extensional chambers and prepare Casper and Palm springs for drilling. Final 3D processed ZTEM data will help prioritize the next drill targets”

Geophysical Surveys Overview

The first stage of 2021 exploration relied on Geotech’s proprietary ZTEM survey to identify similar EM responses as the mineralized E&L gabbro, throughout the Nickel Mountain Gabbro Complex (NMGC).  As well, the ZTEM survey will aid in detecting additional mineralized chambers below the known mineralized gabbroic intrusive of the E&L system helping to guide targeted deeper drilling.  Furthermore, the survey aided in detecting EM sources for numerous Nickel, Copper, Zinc and Gold samples along the flanks of the NMGC and throughout the property (see slide 21 of Garibaldi Corporate Presentation) visit www.GaribaldiResources.com to view Ztem survey map.

Qualified Person

Jeremy Hanson, P.Geo., VP Exploration Canada for the Company and a qualified person as defined by NI- 43-101, has supervised the preparation of and reviewed and approved of the disclosure of information in this news release.

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in British Columbia and Mexico.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: “Steve Regoci”
Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release

Namaste Provides Corporate Update

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Namaste Technologies Provides Corporate Update

 

TORONTO, Sept. 03, 2021 (GLOBE NEWSWIRE) — Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) a marketplace platform for cannabis and wellness products, today provided a corporate update including on its wholly owned subsidiary, CannMart Labs Inc. (“Labs”).

Labs Update:
The Company is pleased to confirm that Labs has successfully completed a number of test batches and is working diligently to finalize processes for the imminent launch of commercial products. Test batches have produced exceptionally clear gold extracts resulting from the use of high-quality input biomass and utilizing Labs’ state of the art BHO extraction system that isolates pure cannabinoid compounds and terpenes. The initial Certificates of Analysis have shown exceptionally high terpene content. Terpene content is the value add of “Live” products, which gives these products their enhanced taste and aroma valued by consumers.

Launch of Limited Edition Roilty SKUs:
Furthermore, through its in-house brand Roilty, Labs will be launching a limited edition run of two SKUs: Roil Lemon Haze live resin product and Priest Punch live resin product.

A Roil Lemon Haze live resin product will be marketed as a glistening golden colour, soft and bursting with terpene goodness expected around 10%. This SKU leading the terpene charge is Terpinolene – a lesser known and often rare terpene responsible for the herbaceous and citrus aromas followed by Beta-Caryophyllene, which gives a spicy, tangy flavour. The SKU hearkens back to its roots, as a citrusy, skunky behemoth with input biomass, a cross between strains Super Silver Haze and Lemon Skunk.

Roilty’s Priest Punch live resin product will be marketed as a gooey gold, smooth textured product, oozing with rich, juicy terpenes expected around 10%. For this SKU, beta-ocimene has a strong influence, with floral overtones and aromas of grape and diesel. The input material is a trichome dream, perfect for BHO extraction – bred from heavy-hitting Church and Grape strains.

Both SKUs shall be available to purchase at CannMart.com by medical customers, and available in recreational channels through expected sales to provincial buyers, in each case by the end of October 2021. As Labs produces these and further SKUs, the Company looks forward to generating higher margins in its drive for profitability.

Share Issuance Related to CannMart Labs:
The Company intends to issue, an aggregate of 1,712,198 common shares (issued at a deemed price of $0.1574, which is equal to the seven-day volume weighted average), without a hold period, as payment of the third tranche of the remaining base purchase price to the vendors under the share purchase agreement for the acquisition of the remaining 49% interest in Labs first announced on November 18, 2020. The issuance is considered to be a shares for debt transaction under the policies of the TSX Venture Exchange (the “TSX-V“) and remains subject to TSX-V approval.

RSU Grant:
The Compensation Committee of the Company has reviewed and discussed certain changes to its non-employee director compensation given (i) the approval of Shareholders to the adoption of a deferred share unit plan (the “DSU Plan”) and restricted share unit award plan (the “RSU Plan”) at the Corporation’s last Annual General Meeting held on Tuesday, September 29, 2020 and (ii) receipt of recommendations of independent industry experts to best determine the overall remuneration package for non-employee directors, in order to stay competitive in the marketplace and to attract and retain top-tier directors. To that end the Compensation Committee considered long term incentive program benchmarks, including option and RSU grants, as established from peer companies with comparable market capitalization, operating not only within the cannabis sector, but in similar and adjacent sectors, and compared those those against historical grants and standards.

On the basis of Compensation Committee recommendations, the Board of Directors of the Company (the “Board”) has thereby approved appropriate changes to the non-employee director compensation plan, including rebalancing non-employee director compensation such that approximately 43% of non-employee director baseline compensation (before chair and committee fees) is provided in the form of awards, instead of cash subject to the DSU Plan and/or RSU Plan, re-affirming the Board’s commitment to the future success of the Company.

Connected thereto the Board has approved the grant of 1,612,500 vested restricted share units in aggregate to the Company’s four non-employee directors and the Company is thereby reserving 1,612,500 common shares for issuance in connection therewith, all in accordance with the rules of the TSX Venture Exchange and the Company’s RSU Plan.

Corporate Re-Positioning:
In furtherance of the Company’s evolution to wellness announced in February 2021, the Company looks forward to launching soon the re-positioning of its corporate identity as first disclosed in September 2020. Stay tuned!

About Namaste Technologies Inc.
Namaste Technologies is a marketplace platform for cannabis and wellness products. At CannMart.com, the Company provides Canadian medical customers with a diverse selection of hand-picked products from a multitude of federally licensed cultivators and US customers with access to hemp-derived CBD and smoking accessories. The Company also distributes licensed and in-house branded cannabis and cannabis derived products in Canada through a number of provincial government control boards and retailing bodies and facilitates licensed cannabis retailer sales online in Saskatchewan. Namaste’s global technology and continuous innovation address local needs in a burgeoning cannabis industry requiring smart solutions.

Information on the Company and its many products can be accessed through the links below:

NamasteTechnologies.com

NamasteMD.com

Cannmart.com

For more information please contact:
Namaste Technologies Inc.
Meni Morim, CEO
Edward Miller, VP Investor Relations
Ph: 647-362-0390
Email: ir@namastetechnologies.com

Source: Namaste Technologies Inc

FORWARD-LOOKING INFORMATION – This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not historical in nature contain forward-looking information. Forward-looking information can be identified by words or phrases such as “may”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen.

The forward-looking information contained herein, including the sale of Labs produced products in medical and recreational channels in financial Q4, 2021, are made as of the date of this press release and are based on assumptions management believed to be reasonable at the time such statements were made. While we consider these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release. Such factors include, without limitation: the Company’s ability to successfully operate everywhere in a virtual environment. Additional risk factors can also be found in the Company’s current MD&A and annual information form, both of which have been filed under the Company’s SEDAR profile at www.sedar.com. Readers are cautioned not to put undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

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 or has in any way approved or disapproved of the contents of this press release.

Source: Namaste Technologies Inc.

Uranium Mining Stocks are on Fire, Here’s Why

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	Image Credit: IAEA ImageBank (Flickr)

Why Uranium Mining Stocks Can Continue Climbing Higher

 

Uranium futures prices have put in an incredible performance since mid-August. With a 22.8% rise in 15 trading days, the commodity has amassed more than 1.5% per day. By contrast, the S&P 500 also had a better than normal run, it grew a total of 1.35% during the same period. Uranium (U308), now priced at $37.20 per 250 lbs. is well above its six-year high, and growing demand seems to want to pull it higher.

More incredible performances than this can be found in the stock market while looking at mining stocks that are working to supply both reactors and more recently investment funds that hold U308 for their shareholders.

 

 

Examples of U308 Mining Company Performance

Two U.S. companies involved in different aspects of mining the yellow metal are Energy Fuels (UUUU) and enCore Energy (ENCUF).

Energy Fuels is the leading U.S. producer of uranium and is also a sizeable U.S. producer of vanadium and an emerging player in the rare earth segment. It stands to continue to benefit from the tight supply and increasing demand by utilities and investors. The other, enCore Energy, is currently a uranium developer focused on becoming a leading in-situ recovery (ISR) uranium producer. The ISR process removes the uranium from the ground while leaving the host rock in place.

Energy Fuels (UUUU) has far outperformed the spot price of uranium during the period beginning August 16. In fact, having moved from $4.77 to $6.30, shareholders have experienced a 32% gain in value.

 

 

enCore Energy has also outperformed the massive commodity price performance. The developer saw its shares rise from $0.95 at the open on August 16, to 1.54% after the open today. This equates to a 62% increase. That average is over 4% per trading day.

 

 

Certainly, the pace of growth can not continue straight up for U308 or uranium-related companies, but the supply coming onto the market is not expected to keep pace with demand. This economic basic of price discovery should continue to help boost the companies that are bringing more of the energy source to market.

Take-Away

Some uranium mining companies have experienced a meteoric rise that has been outperforming almost every other sector. Understanding the differences between an exploration company, a developer, and a producer can help you navigate and sort opportunities.  Earlier this week Channelchek held a Uranium Investor
Forum featuring seven different companies including the two mentioned in this article. To dig deeper into the investment potential of uranium, and the specifics of these companies, the banner below will bring you to the video replay of this invaluable forum.

 

Noble Capital Markets Uranium Power Players Investor Forum

Watch all the replays from the Noble Uranium Power Players Investor Forum, a virtual conference bringing together leading companies involved in the exploration and production of uranium. Noble Capital Markets senior uranium analyst Michael Heim guides the companies through a question and answer session following each presentation.
Watch The Replays

 

Sources:

Channelchek.com

Koyfin.com

Uranium Mining Stocks are on Fire Heres Why

Posted on by Admin 


	Image Credit: IAEA ImageBank (Flickr)

Why Uranium Mining Stocks Can Continue Climbing Higher

 

Uranium futures prices have put in an incredible performance since mid-August. With a 22.8% rise in 15 trading days, the commodity has amassed more than 1.5% per day. By contrast, the S&P 500 also had a better than normal run, it grew a total of 1.35% during the same period. Uranium (U308), now priced at $37.20 per 250 lbs. is well above its six-year high, and growing demand seems to want to pull it higher.

More incredible performances than this can be found in the stock market while looking at mining stocks that are working to supply both reactors and more recently investment funds that hold U308 for their shareholders.

 

 

Examples of U308 Mining Company Performance

Two U.S. companies involved in different aspects of mining the yellow metal are Energy Fuels (UUUU) and enCore Energy (ENCUF).

Energy Fuels is the leading U.S. producer of uranium and is also a sizeable U.S. producer of vanadium and an emerging player in the rare earth segment. It stands to continue to benefit from the tight supply and increasing demand by utilities and investors. The other, enCore Energy, is currently a uranium developer focused on becoming a leading in-situ recovery (ISR) uranium producer. The ISR process removes the uranium from the ground while leaving the host rock in place.

Energy Fuels (UUUU) has far outperformed the spot price of uranium during the period beginning August 16. In fact, having moved from $4.77 to $6.30, shareholders have experienced a 32% gain in value.

 

 

enCore Energy has also outperformed the massive commodity price performance. The developer saw its shares rise from $0.95 at the open on August 16, to 1.54% after the open today. This equates to a 62% increase. That average is over 4% per trading day.

 

 

Certainly, the pace of growth can not continue straight up for U308 or uranium-related companies, but the supply coming onto the market is not expected to keep pace with demand. This economic basic of price discovery should continue to help boost the companies that are bringing more of the energy source to market.

Take-Away

Some uranium mining companies have experienced a meteoric rise that has been outperforming almost every other sector. Understanding the differences between an exploration company, a developer, and a producer can help you navigate and sort opportunities.  Earlier this week Channelchek held a Uranium Investor
Forum featuring seven different companies including the two mentioned in this article. To dig deeper into the investment potential of uranium, and the specifics of these companies, the banner below will bring you to the video replay of this invaluable forum.

 

Noble Capital Markets Uranium Power Players Investor Forum

Watch all the replays from the Noble Uranium Power Players Investor Forum, a virtual conference bringing together leading companies involved in the exploration and production of uranium. Noble Capital Markets senior uranium analyst Michael Heim guides the companies through a question and answer session following each presentation.
Watch The Replays

 

Sources:

Channelchek.com

Koyfin.com

Bitcoin is Now Money in El Salvador

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	Image Credit: Blockzeit CH (Flickr)

On September 7th Bitcoin Will Become ‘Legal Tender’ in El Salvador – Here’s What that Means

 

On Sept. 7, 2021, El Salvador will become the first country to make bitcoin legal tender.

The government even went a step further in promoting the cryptocurrency’s use by giving US$30 in free bitcoins to citizens who sign up for its national digital wallet, known as “Chivo,” or “cool” in English. Foreigners who invest three bitcoins in the country – currently about $140,000 – will be granted residency.

Panama is Considering Following El Salvador’s Lead

Does making bitcoin legal tender mean every store and merchant in El Salvador will now have to accept digital payments? If more countries do the same thing, what will this mean for consumers and businesses around the world?

 

This article was republished with permission from  The Conversation, a news site dedicated to sharing ideas from academic experts. It represents the research-based findings and thoughts Jay L. Zagorsky, Senior Lecturer, Questrom School of Business, Boston University

 

As an economist who studies wealth and money, I believe that briefly explaining what legal tender is will help answer these questions.

 

What is Legal Tender?

Legal tender refers to money – typically coins and banknotes – that must be accepted if offered in payment of a debt.

The front of every U.S. banknote states “This note is legal tender for all debts public and private.” This statement has been enshrined in federal law in various forms since the late 1800s.

The greenback is not legal tender in just the U.S. El Salvador, for example, switched from the colon, its previous currency, to the U.S. dollar in 2001. Ecuador, Panama, East Timor and the Federated States of Micronesia also all use the dollar as legal tender.

Do Merchants have to Accept Legal Tender?

But despite the definition above, legal tender doesn’t mean all businesses must accept it in payment for a good or service.

That requirement applies only to debts owed to creditors. The ability for a store to refuse cash or other legal tender is made explicit on the websites of both the U.S. Treasury, which is in charge of printing paper money and minting coins, and the Federal Reserve, which is in charge of distributing currency to the nation’s banks.

 

Source: www.ustreasury.gov

 

This is why many companies such as airlines accept payments exclusively by credit card, and many small retailers take only cash.

As the U.S. Treasury points out, there is “no federal statute mandating that a private business, a person or an organization must accept currency or coins as payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law which says otherwise.”

And this would be no different if the U.S. made bitcoin legal tender. Private businesses would not be required to accept it.

There is clearly some confusion in El Salvador over the issue, however. Its original bitcoin law, passed in June 2021, states that “every economic agent must accept bitcoin as payment when offered to him by whoever acquires a good or service.”

This led to protests and resulted in skepticism from economists and others. As a result, El Salvador President Nayib Bukele tweeted in August that businesses did not have to accept bitcoin.

A man in Tamanique, El Salvador, makes a purchase at the opening of a small store that has a sign that says it accepts bitcoin.

Will bitcoin catch on in El Salvador? AP Photo/Salvador Melendez

Why did El Salvador make bitcoin legal tender?

El Salvador is betting that being the first to open its doors completely to bitcoin will help boost its economy.

President Bukele said he believes this will encourage investors with cryptocurrency to spend more of it in his country. He even has a plan to have El Salvador’s state-run geothermal utility use energy from the country’s volcanoes to mine bitcoin.

Creating, or mining, bitcoin takes a lot of energy, so mining makes sense only in places with cheap electricity.

The $30 given to every citizen who joins the cryptocurrency craze will temporarily stimulate the economy. However, the overall impact will likely be a short-term boost. The impact of similar payments in other countries, like COVID-19 stimulus payments appears to end after people have spent the money. Moreover, it’s unclear El Salvador’s increasingly indebted government can even afford it.

 

 

And the widespread adoption of bitcoin will likely take years. El Salvador has been installing 200 bitcoin ATMs to allow people to convert cryptocurrency into dollars.

Since just 30% of the Central American country’s population even has a bank account, I believe the U.S. dollar will still be used in El Salvador for a long time, even if its president wants to move toward bitcoin.

 

Suggested Reading:



Elon Musk, Jack Dorsey, and Cathie Wood Drop Bombshells at Bitcoin Conference

Decentralized Finance, is it the Future?





Blockchain Smart Contracts Aim to Cut Out Intermediaries

Are Robots Coming After the Law Profession?

 

Stay up to date. Follow us:

 

QuickChek – September 3, 2021

Posted on by Admin



Garibaldi Completes Airborne Geophysical Surveys Arranges $12 Million Finance Facility With Alumina Partners

Garibaldi Resources announced that the 2021 exploration program will resume drilling at the E&L nickel-copper-cobalt massive sulphide project at Nickel Mountain in Northwest British Columbia

Research, News & Market Data on Garibaldi

Watch recent presentation from Garibaldi



Sabre Gold Completes Acquisition of Golden Predator

Golden Predator Mining announced that Sabre Gold has acquired all of the issued and outstanding common shares of Golden Predator

Research, News & Market Data on Golden Predator Mining

Watch recent presentation from Golden Predator Mining



Namaste Technologies Provides Corporate Update

Namaste Technologies announced a corporate update including on its wholly owned subsidiary, CannMart Labs Inc

Research, News & Market Data on Namaste Technologies

Watch recent presentation from Namaste Technologies

 

Stay up to date. Follow us:

 

Release – Namaste Provides Corporate Update

Posted on by Admin


Namaste Technologies Provides Corporate Update

 

TORONTO, Sept. 03, 2021 (GLOBE NEWSWIRE) — Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) a marketplace platform for cannabis and wellness products, today provided a corporate update including on its wholly owned subsidiary, CannMart Labs Inc. (“Labs”).

Labs Update:
The Company is pleased to confirm that Labs has successfully completed a number of test batches and is working diligently to finalize processes for the imminent launch of commercial products. Test batches have produced exceptionally clear gold extracts resulting from the use of high-quality input biomass and utilizing Labs’ state of the art BHO extraction system that isolates pure cannabinoid compounds and terpenes. The initial Certificates of Analysis have shown exceptionally high terpene content. Terpene content is the value add of “Live” products, which gives these products their enhanced taste and aroma valued by consumers.

Launch of Limited Edition Roilty SKUs:
Furthermore, through its in-house brand Roilty, Labs will be launching a limited edition run of two SKUs: Roil Lemon Haze live resin product and Priest Punch live resin product.

A Roil Lemon Haze live resin product will be marketed as a glistening golden colour, soft and bursting with terpene goodness expected around 10%. This SKU leading the terpene charge is Terpinolene – a lesser known and often rare terpene responsible for the herbaceous and citrus aromas followed by Beta-Caryophyllene, which gives a spicy, tangy flavour. The SKU hearkens back to its roots, as a citrusy, skunky behemoth with input biomass, a cross between strains Super Silver Haze and Lemon Skunk.

Roilty’s Priest Punch live resin product will be marketed as a gooey gold, smooth textured product, oozing with rich, juicy terpenes expected around 10%. For this SKU, beta-ocimene has a strong influence, with floral overtones and aromas of grape and diesel. The input material is a trichome dream, perfect for BHO extraction – bred from heavy-hitting Church and Grape strains.

Both SKUs shall be available to purchase at CannMart.com by medical customers, and available in recreational channels through expected sales to provincial buyers, in each case by the end of October 2021. As Labs produces these and further SKUs, the Company looks forward to generating higher margins in its drive for profitability.

Share Issuance Related to CannMart Labs:
The Company intends to issue, an aggregate of 1,712,198 common shares (issued at a deemed price of $0.1574, which is equal to the seven-day volume weighted average), without a hold period, as payment of the third tranche of the remaining base purchase price to the vendors under the share purchase agreement for the acquisition of the remaining 49% interest in Labs first announced on November 18, 2020. The issuance is considered to be a shares for debt transaction under the policies of the TSX Venture Exchange (the “TSX-V“) and remains subject to TSX-V approval.

RSU Grant:
The Compensation Committee of the Company has reviewed and discussed certain changes to its non-employee director compensation given (i) the approval of Shareholders to the adoption of a deferred share unit plan (the “DSU Plan”) and restricted share unit award plan (the “RSU Plan”) at the Corporation’s last Annual General Meeting held on Tuesday, September 29, 2020 and (ii) receipt of recommendations of independent industry experts to best determine the overall remuneration package for non-employee directors, in order to stay competitive in the marketplace and to attract and retain top-tier directors. To that end the Compensation Committee considered long term incentive program benchmarks, including option and RSU grants, as established from peer companies with comparable market capitalization, operating not only within the cannabis sector, but in similar and adjacent sectors, and compared those those against historical grants and standards.

On the basis of Compensation Committee recommendations, the Board of Directors of the Company (the “Board”) has thereby approved appropriate changes to the non-employee director compensation plan, including rebalancing non-employee director compensation such that approximately 43% of non-employee director baseline compensation (before chair and committee fees) is provided in the form of awards, instead of cash subject to the DSU Plan and/or RSU Plan, re-affirming the Board’s commitment to the future success of the Company.

Connected thereto the Board has approved the grant of 1,612,500 vested restricted share units in aggregate to the Company’s four non-employee directors and the Company is thereby reserving 1,612,500 common shares for issuance in connection therewith, all in accordance with the rules of the TSX Venture Exchange and the Company’s RSU Plan.

Corporate Re-Positioning:
In furtherance of the Company’s evolution to wellness announced in February 2021, the Company looks forward to launching soon the re-positioning of its corporate identity as first disclosed in September 2020. Stay tuned!

About Namaste Technologies Inc.
Namaste Technologies is a marketplace platform for cannabis and wellness products. At CannMart.com, the Company provides Canadian medical customers with a diverse selection of hand-picked products from a multitude of federally licensed cultivators and US customers with access to hemp-derived CBD and smoking accessories. The Company also distributes licensed and in-house branded cannabis and cannabis derived products in Canada through a number of provincial government control boards and retailing bodies and facilitates licensed cannabis retailer sales online in Saskatchewan. Namaste’s global technology and continuous innovation address local needs in a burgeoning cannabis industry requiring smart solutions.

Information on the Company and its many products can be accessed through the links below:

NamasteTechnologies.com

NamasteMD.com

Cannmart.com

For more information please contact:
Namaste Technologies Inc.
Meni Morim, CEO
Edward Miller, VP Investor Relations
Ph: 647-362-0390
Email: ir@namastetechnologies.com

Source: Namaste Technologies Inc

FORWARD-LOOKING INFORMATION – This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not historical in nature contain forward-looking information. Forward-looking information can be identified by words or phrases such as “may”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen.

The forward-looking information contained herein, including the sale of Labs produced products in medical and recreational channels in financial Q4, 2021, are made as of the date of this press release and are based on assumptions management believed to be reasonable at the time such statements were made. While we consider these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release. Such factors include, without limitation: the Company’s ability to successfully operate everywhere in a virtual environment. Additional risk factors can also be found in the Company’s current MD&A and annual information form, both of which have been filed under the Company’s SEDAR profile at www.sedar.com. Readers are cautioned not to put undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

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 or has in any way approved or disapproved of the contents of this press release.

Source: Namaste Technologies Inc.

Release – Garibaldi Completes Airborne Geophysical Surveys Arranges $12 Million Finance Facility With Alumina Partners

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Garibaldi Completes Airborne Geophysical Surveys Arranges $12 Million Finance Facility With Alumina Partners

 

Vancouver, British Columbia, September 3, 2021 – Garibaldi Resources (TSXV: GGI) (the “Company” or “Garibaldi”) is pleased to announce that the 2021 exploration program will resume drilling at the E&L nickel-copper-cobalt massive sulphide project at Nickel Mountain in Northwest British Columbia. This coincides with the completion of two separate airborne geophysical surveys at the Company’s180 sq.km Eskay Claim Group.  

Preliminary ZTEM Results

Garibaldi’s preliminary ZTEM survey data has identified a number of electro-magnetic (EM) anomalies. The survey detected the response of several conductors that will be ranked for field work and drill testing, early results are described as follows:

  • Preliminary 2D Geotech ZTEM survey data over the Nickel Mountain Gabbroic Complex (NMGC) has detected several responses that support results from earlier VTEM surveys. Five conductors occur along and within the northeast trending gabbroic complex starting from E&L in the southwest to Mount Shirley in the northeast, and add to the potential for new discovery.
  • These five separate ZTEM anomalies have never been previously drill tested as VTEM targets due to the higher priority of drilling the E&L mineralized zones. After producing a ZTEM response, these early results provide support for these anomalies as reliable conductors and priority drill targets.
  • While final ZTEM 3D interpretation is required for full confirmation, the fact these preliminary 2D ZTEM results coincide specifically with the five earlier VTEM conductors, is considered to be significant. Particularly interesting is the ZTEM responses extending downward below the VTEM anomalies in four of the five conductors.
  • The ZTEM survey also tested beneath the Bowser-Hazelton geologic contact sequence over Garibaldi’s claims. Garibaldi’s Eskay North claim block borders the original Eskay Creek mine situated along strike within 3 kms of the historic 21zones.These zones had some of the highest precious metal grades in history.

Financing Facility

Garibaldi Resources Corp.is pleased to announce that it has entered into a definitive agreement with Alumina Partners (Ontario) Ltd. to provide up to $12 million CDN over 3 years by way of a draw down equity financing facility. Alumina Partners is an affiliate of New York based private equity firm Alumina Partners, LLC.

 

The investment agreement is structured for relatively rapid access to equity private placement tranches of up to $500,000 CDN each. Each tranche will be a private placement of units comprised of one Garibaldi common share and one-half a common share purchase warrant good for 3 years.

Steve Regoci Garibaldi’s CEO stated “The investment agreement with Alumina Partners will allow for more flexibility to expand exploration budgets and provide insurance to accelerate development plans. As the new economy ramps up and demand for depleting critical metals grows, our shareholders will be well positioned to benefit.”

“We’re pleased to support Garibaldi as they ramp up exploration programs at Eskay Creek and the Atlin Gold Fields,” added Adi Nahmani, Alumina’s Managing Member. “The combination of gold and strategic battery metals opportunities in Garibaldi’s portfolio is very attractive to us. We believe that the dual drivers of near-term inflation and rising demand for energy storage solutions will set the stage for a favorable price environment for Garibaldi’s future development, and we look forward to seeing management execute in the remainder of this year and the year to come.”

Garibaldi may elect to access funding as and when required at its sole discretion, there are no standby charges or other upfront fees associated with the investment agreement. The units will be issued at a discount of 15% to 25% from the closing market price at the time each tranche is drawn down and the warrants will be issued at a 25% premium over the same closing market price. The expiry date of the warrants may be accelerated if they should trade equal to or greater than twice the exercise price for 20 consecutive days once eligible to be exercised. Each unit issued under the investment agreement will be subject to acceptance of the TSX Venture Exchange and the securities issued will be subject to a four month hold period from the date of issuance.

Steve Regoci, Garibaldi’s CEO, stated: “There’s a great deal of anticipation as to these preliminary ZTEM results which identifies a very intriguing group of anomalies lined up over a significant distance along the northeast axis from E&L. Their features are extremely interesting and we’re eager to drill these targets.

The Eskay Claim group contains enormous potential beyond our recent discoveries. Plans remain to continue to drill test the mineralized E&L extensional chambers and prepare Casper and Palm springs for drilling. Final 3D processed ZTEM data will help prioritize the next drill targets”

Geophysical Surveys Overview

The first stage of 2021 exploration relied on Geotech’s proprietary ZTEM survey to identify similar EM responses as the mineralized E&L gabbro, throughout the Nickel Mountain Gabbro Complex (NMGC).  As well, the ZTEM survey will aid in detecting additional mineralized chambers below the known mineralized gabbroic intrusive of the E&L system helping to guide targeted deeper drilling.  Furthermore, the survey aided in detecting EM sources for numerous Nickel, Copper, Zinc and Gold samples along the flanks of the NMGC and throughout the property (see slide 21 of Garibaldi Corporate Presentation) visit www.GaribaldiResources.com to view Ztem survey map.

Qualified Person

Jeremy Hanson, P.Geo., VP Exploration Canada for the Company and a qualified person as defined by NI- 43-101, has supervised the preparation of and reviewed and approved of the disclosure of information in this news release.

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in British Columbia and Mexico.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: “Steve Regoci”
Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release

Release – Sabre Gold Completes Acquisition of Golden Predator

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Sabre Gold Completes Acquisition of Golden Predator

 

TORONTO, Sept. 02, 2021 (GLOBE NEWSWIRE) — Sabre Gold Mines Corp. (formerly Arizona Gold Corp.) (“Sabre Gold” or the “Company”) (TSX: AZG, OTCQB: AGAUF) and Golden Predator Mining Corp. (“Golden Predator”) (TSX.V: GPY, OTCQX: NTGSF) are pleased to announce the successful completion of the previously-announced business combination, pursuant to which Sabre Gold has acquired all of the issued and outstanding common shares of Golden Predator (the “Golden Shares”) by way of a statutory plan of arrangement under the provisions of the Business Corporations Act (British Columbia) (the “Arrangement”).

With the Arrangement now complete, Sabre Gold intends to cause the Golden Shares to be delisted from the TSX Venture Exchange (expected on or about close of markets on September 3, 2021), and Golden Predator intends to submit an application to the applicable securities regulators to cease to be a reporting issuer and to terminate its public reporting obligations.

Further details regarding the Arrangement are set out in the joint management information circular of Sabre Gold and Golden Predator dated July 23, 2021 which is available on SEDAR (www.sedar.com) under the respective issuer profiles of Sabre Gold and Golden Predator.

Early Warning Reporting

By virtue of its acquisition of all the issued and outstanding Golden Shares under the Arrangement, Sabre Gold is required to file an early warning report pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the Early Warning Report will be filed on SEDAR (www.sedar.com) under Golden Predators’ issuer profile.

About Sabre Gold Mines Corp.
The combined company represents a business combination of Sabre Gold and Golden Predator a diversified, multi asset near-term gold producer in North America which will hold 100 per cent ownership of both the fully permitted Copperstone mine located in Arizona, United States and the Brewery Creek mine located in Yukon, Canada both of which are former gold producers. Management of the combined company intends to restart production at Copperstone followed by Brewery Creek in the near term.

The resource base of the combined company will consist of approximately 1.1 million ounces gold in the measured and indicated categories, plus an additional 1.5 million oz gold in the inferred category. Additionally, both Copperstone and Brewery Creek have considerable exploration upside with a combined land package of over 230 square kilometers that will be further drill tested with high priority targets currently identified.

For further information please contact:

Sabre Gold Mines Corp.
Giulio Bonifacio
President & Chief Executive Officer
gtbonifacio@arizona-gold.com

Cautionary Statements

Certain information contained herein constitutes forward-looking information or statements under applicable securities legislation and rules. Such statements include, but are not limited to, statements with respect to the resource base of the combined company and timing of delisting of the Golden Predator common shares and application to cease its reporting status. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Sabre Gold to be materially different from those expressed or implied by such forward-looking statements. Although management of Sabre Gold and Golden Predator have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate. Accordingly, readers should not place undue reliance on forward-looking statements. The parties will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. The parties caution readers not to place undue reliance on these forward-looking statements and it does not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.

This press release is not and is not to be construed in any way as, an offer to buy or sell securities in the United States. The distribution of the Sabre Gold common shares in connection with the transactions described herein will not be registered under the United States Securities Act of 1933 (the “U.S. Securities Act”) and the Sabre Gold common shares may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Sabre Gold common shares, nor shall there be any offer or sale of the Sabre Gold common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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

SPAC Supply Provides Rare Opportunity

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Irrational Pessimism – Why Value Investors Should Research Individual SPACs

 

Stock market participants are made up of investors with various needs and styles. They consist primarily of those with short-term time horizons, those investing longer-term, momentum traders, and others who look for value in out-of-favor sectors. By some measures, the mismatch in demand for SPAC IPOs and viable targets earlier this year has led to some loss of enthusiasm by investors. But, for one group of investors that may have not considered them before, many of the current outstanding SPAC issues offer real value.

Many current SPACs are trading at a discount to the overall balance within their escrow account. This provides a rare level of protection and potential. Let me explain. When any currently trading SPAC first went public the promise to investors was using the proceeds from the SPAC IPO to shop for the perfect company to merge with. The proceeds from the offering, usually $10 per share, were placed in an escrow account and held in trust for this purpose. The trust account earns interest and is used to pay bills associated with the SPAC, in most cases, it remains largely intact. Information on the state of any SPAC trust account assets can be found on their most recent Edgar 10-Q filing. The data is a snapshot as of the date on the filing but should allow investors to, along with the stock price and shares outstanding, determine if the entire unmerged “blank check” company is worth more or less than where it is currently trading. Edgar filings are available at SEC.gov and through the SPAC companies’ website.

There Are No Bad Investments
(at the right price)

Many SPACs are now trading at a discount to their liquidation value. The market for this structure has had difficulty finding its balance since late last year. Enthusiasm, beginning a year ago, brought a great amount of demand for new SPAC IPOs. This level of investor demand outpaced the supply of great targets available. This realization, in large part, has soured investor’s appetite for this structure. This “souring” is good for value investors. As for the momentum investors that were excited about SPACs in January won’t find a stampede in these IPOs for a while.

When any investment category falls out of favor, prices drop and value may be found. Mathematically, value can be assessed with outstanding SPACs. The balance sheets on the Edgar filings provide data such as “Investments Held in Trust Account” “Accumulated Deficit” and “Total Shareholder’s Equity.” Remember, Shareholders’ Equity
= Total Assets? Total Liabilities. If one divides this total by shares outstanding, then the liquidation value per share (as of the date of the filing) is largely known. Is a SPAC trading at a discount to its value? If yes, by how much?

SPACs also have an end date, usually two years from the initial offering date. This allows a rough yield calculation using the discount. Even if the management company finds an acceptable merger, the stockholder has the option of liquidation at the pro-rata trust value. Or, they can decide to take part in the merger and part of it. If they liquidate the period of capturing the discount is likely to be shorter which mathematically increases the yield as the same income is earned over a shorter period of time.

A Floor on Risk and Choices

Then there is optionality. The discounted SPAC owner may find that their share prices jump if other investors want “in” on owning the merged entity. Shareholders themselves may decide the return from continuing to own the deSPAC shares is the best use of their investment capital and continue to hold.

Take-Away

Many SPACs are trading near their 52-week lows. Meanwhile, stock market valuations are hitting new highs. The weakness in price is reflective of the appetite investor had relative to how many successful SPAC mergers could actually be accomplished in a short period.

Outstanding pre-deal SPACs, most with a vintage of late 2020 or early 2021 can be compared to short-duration convertible bonds. That is to say, there is an underlying expected yield that could be realized in the next 18 months, along with the return on discount, there is also an opportunity to realize outsized returns if a great merger candidate is identified.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading:



The Different Ownership Paths Before the De-SPAC Period

Analysis of a Special Purpose Acquisition Company





The Final Phase of a Special Purpose Acquisition Company

Regulation of a Special Purpose Acquisition Company

 

Sources:

SEC.gov

https://www.barrons.com/articles/spac-stocks-opportunities-51630111867?mod=hp_columnists

https://www.scmp.com/business/banking-finance/article/3146978/slowdown-spac-issuance-healthy-markets-sponsor-behind

 

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Release – Energy Fuels Issues Reminder Regarding Expiration of Warrants

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Energy Fuels Issues Reminder Regarding Expiration of Warrants

 

LAKEWOOD, Colo., Sept. 2, 2021 /CNW/ – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“Energy Fuels” or the “Company“) today reminds holders of its outstanding common share purchase warrants (CUSIP: 292671179 / ISIN: CA2926711797) (the “Warrants“) that the Warrants will expire at 5:00 p.m. Toronto time on Monday, September 20, 2021 (“Time of Expiry“). The corresponding Warrant Indenture dated as of September 20, 2016 (the “Indenture“) by and among Energy Fuels, CST Trust Company (the “Canadian Warrant Agent” or “AST“) and American Stock Transfer & Trust Company, LLC (the “U.S. Warrant Agent“) may be viewed on the U.S. Securities and Exchange Commission’s Electronic Document Gathering and Retrieval System (“EDGAR“) at https://www.sec.gov/Archives/edgar/data/1385849/000106299316011518/exhibit4-1.htm, as summarized in a Form 51-102F3 Material Change Report filed September 20, 2016 with the System for Electronic Document Analysis and Retrieval (“SEDAR“), which may be viewed at www.sedar.com.

Any Warrants not exercised prior to 5:00 p.m. Toronto time on September 20, 2021 will expire and become void, and the holder will no longer be able to exercise such voided Warrants. As the Warrants are currently “in-the-money,” the Company recommends that Warrant holders take appropriate steps to protect their investment.

All capitalized terms used herein that are not otherwise defined shall have the meanings set forth in the Indenture.

The Warrants trade on the NYSE American (the “NYSE“) under the symbol UUUU-WT and on the Toronto Stock Exchange (the “TSX“) under the symbol EFR.WT. The NYSE notified Energy Fuels that it will suspend trading in the Warrants after the close of trading on September 15, 2021 so that trades can be timely settled by September 20, 2021. The TSX, however, will not suspend trading in the Warrants until market close on September 20, 2021.

As of August 31, 2021, there were 2,107,004 Warrants outstanding. Each whole Warrant represents the right to purchase one (1) common share in the capital stock of Energy Fuels (a “Common Share“) at an exercise price of USD$2.45 per Common Share.

Further information on the Warrants may be requested from, and further questions may be directed to, the Company at investorinfo@energyfuels.com. Answers to commonly asked questions are as follows:  

  • How many Warrants were issued pursuant to the Indenture?
    4,168,750 Warrants as of the date of the Indenture.

  • Where do I send my Warrants in order to exercise them?
    All required documentation must be sent to AST’s Corporate Actions Department per the following instructions:

By Hand, Courier or Registered Mail

By Mail (Except Registered Mail)

1 Toronto Street

P. O. Box 1036

Suite 1200

Adelaide Street Postal Station

Toronto, Ontario

Toronto, Ontario

M5C 2V6

M5C 2K4

Attention: Corporate Actions

Attention: Corporate Actions

 

  • What documentation is required in order to exercise my Warrants?
    1. Original warrant certificate with the Subscription Form on the back filled out completely; and

    2. Payment to the AST Corporate Actions Department. 
               *Certified cheques should be made payable to AST TRUST COMPANY (CANADA).

In addition, if the Warrants are held in the name of a corporate/business entity rather than an individual:

3. A corporate resolution from the entity designating an authorized official to sign on its behalf; and 
         *Must submit an original, dated within the last six (6) months
         *Subscription Form must be signed exactly as authorized in the resolution

4. If the entity has a single director, either a medallion stamp affixed to the Subscription Form or a notary stamp at the bottom of the corporate resolution.

  • May I wire funds to AST to cover the cost of my exercise rather than by way of a certified cheque?
    Yes. Please contact the Company for the relevant wiring instructions.

  • Where may I direct questions about my Warrants or the status of a previously submitted exercise?
    Questions should be directed to AST at 1-800-387-0825 (in North America) or (416) 682-3860 (outside North America) or by sending an e-mail to inquiries@astfinancial.com.

  • How long will it take to receive my Common Shares following an exercise of Warrants?
    As a part of a warrant holder’s exercise process, AST’s Corporate Actions Department sends a requisition to the U.S. Warrant Agent to issue the Common Shares, and simultaneously sends the exercise funds to Energy Fuels as compensation so that the Common Shares are fully paid and non-assessable as of the issuance date. Receipt of such requisition, confirmation of the Company’s receipt of funds, and the resulting Common Share issuance typically takes up to 2-3 weeks in total. However, this timeframe is provided for reference only and in no way represents a commitment or obligation of Energy Fuels, AST or the U.S. Warrant Agent.

  • Can I exercise my Warrants electronically?
    No, there is no way to do so.

  • Can I exercise my Warrants directly through Energy Fuels rather than sending my exercise and payment to AST?
    No, all documentation must go through AST and in accordance with the terms of the Indenture.

  • Is there a process at AST to expedite my exercise?
    No, there is no way to do so. Exercises are processed in the order in which they are received, and a significant number of exercises are currently being processed and are expected to come in prior to the Time of Expiry.

  • Are the Common Shares that result from my exercise of Warrants free-trading?
    Yes.

  • Do the Warrants use an American-style exercise (i.e., can they be exercised at any time at the warrant holder’s option)?
    Yes, up to the Time of Expiry, except as limited by Article 4.9(b) of the Indenture (setting a Beneficial Ownership Limitation of 4.99%).

The above responses are meant to provide general clarification only. It remains the sole obligation of the warrant holder to ensure that all relevant terms in the Indenture are followed in exercising any Warrants held.

As noted, above, any Warrants not exercised prior to 5:00 p.m. Toronto time on September 20, 2021, will expire and become void, and the holder will no longer be able to exercise such voided Warrants.

About Energy Fuels: Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant, and is ramping up to commercial-scale production of RE Carbonate in 2021. Its corporate offices are in Lakewood, Colorado near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch ISR Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant, as well as RE Carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also currently on standby. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” Energy Fuels’ website is www.energyfuels.com.

SOURCE Energy Fuels Inc.

For further information: Investor Inquiries: Energy Fuels Inc., Curtis Moore, VP – Marketing and Corporate Development, (303) 974-2140 or Toll free: (888) 864-2125, investorinfo@energyfuels.com, www.energyfuels.com

Release – Sabre Gold and Golden Predator Announce Anticipated Plan of Arrangement Closing Attendance at Precious Metals Summit

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Sabre Gold and Golden Predator Announce Anticipated Plan of Arrangement Closing; Attendance at Precious Metals Summit

 

VANCOUVER, British Columbia, Sept. 01, 2021 (GLOBE NEWSWIRE) — Sabre Gold Mines Corp. (formerly Arizona Gold Corp.) (“Sabre Gold” or the “Company”) (TSX: AZG, OTCQB: AGAUF) and Golden Predator Mining Corp. (“Golden Predator”) (TSX.V: GPY, OTCQX: NTGSF) are pleased to announce that all conditions to closing have now been satisfied in respect of the previously announced business combination, pursuant to which Sabre Gold will acquire all of the common shares of Golden Predator by way of a court approved plan of arrangement (the “Arrangement”).

Closing of the Arrangement
As previously announced on August 25, 2021, shareholders of both companies overwhelmingly approved all matters voted on at the special meetings, including shareholders of Golden Predator approving the proposed Arrangement. The British Columbia Supreme Court issued the final order approving the Arrangement on August 31, 2021.

The effective date of the Arrangement is expected to occur on September 2, 2021. In order to accommodate the closing of the Arrangement, trading in Golden Predator common shares (“Golden Shares”) are being halted effective at the market close on September 1, 2021. Golden Predator Shares are expected to be delisted from the TSX Venture Exchange and an application will be made for Golden Predator to cease to be a reporting issuer following closing of the Arrangement.

Pursuant to the Arrangement, all of the Golden Shares issued and outstanding immediately prior to the completion of the Arrangement will be exchanged for common shares of Sabre Gold (“Sabre Shares”) on the basis of 1.65 Sabre Shares per Golden Share (the “Exchange Ratio”). Following completion of the Arrangement, current Sabre Gold shareholders and former Golden Predator shareholders will own approximately 55% and 45% of the combined company common shares, respectively.

Registered Golden Predator shareholders are reminded to complete and return the letter of transmittal received with the meeting materials for the purposes of exchanging their Golden Shares for Sabre Shares, if they have not already done so. Non-registered or beneficial Golden Predator shareholders, being Golden Predator shareholders whose shares are registered in the name of a broker, investment dealer or other intermediary, will either receive their Sabre Shares through CDS or DTC (if arrangements have been made by their intermediary) or in certificated form. On closing of the Arrangement, Golden Predator warrants and options will be deemed to be amended in accordance with the Exchange Ratio and will be exercisable for Sabre Shares.

Name Change and Trading
In connection with the Arrangement, the Company completed its name change to “Sabre Gold Mines Corp.” and is expected to commence trading on the Toronto Stock Exchange under the new name and ticker symbol (TSX:SGLD) on a post-Arrangement basis on or about September 8, 2021. The Company expects to begin trading on the OTCQB under its new name and ticker symbol by the middle of September 2021, until such time the Company will continue to trade under its current OTCQB symbol, AGAUF. A new website for the Company on a post-Arrangement basis will also be launched in early September 2021.

Presentation At Precious Metals Summit
The Company is pleased to announce its participation at the 2021 Precious Metals Summit at the Park Hyatt in Beaver Creek, Colorado, September 8th – September 11th, 2021. For more information, please visit www.precioussummit.com

CEO and Director, Giulio Bonifacio and proposed Non-Executive Chairman, William Sheriff, will attend the event, and Mr. Bonifacio will deliver a corporate presentation on Friday, September 10th at 1:15pm MDT, in Room 2 of the Gerald R. Ford Center. The presentation will be webcast and available for replay at https://wsw.com/webcast/preciousmetals3/gpy.v/

About Sabre Gold Mines Corp.

The combined company represents a business combination of Sabre Gold and Golden Predator a diversified, multi asset near-term gold producer in North America which will hold 100 per cent ownership of both the fully permitted Copperstone mine located in Arizona, United States and the Brewery Creek mine located in Yukon, Canada both of which are former gold producers. Management of the combined company intends to restart production at Copperstone followed by Brewery Creek in the near term.

The resource base of the combined company will consist of approximately 1.1 million ounces gold in the measured and indicated categories, plus an additional 1.5 million oz gold in the inferred category. Additionally, both Copperstone and Brewery Creek have considerable exploration upside with a combined land package of over 230 square kilometers that will be further drill tested with high priority targets currently identified.

For further information please visit the websites at www.arizona-gold.com and www.goldenpredator.com.

Contact Information

Sabre Gold Mines Corp.
Giulio Bonifacio
President & Chief Executive Officer
gtbonifacio@arizona-gold.com
 Golden Predator Mining Corp.
William Sheriff
Executive Chair
wms@goldenpredator.com


Cautionary Statements

Certain information contained herein constitutes forward-looking information or statements under applicable securities legislation and rules. Such statements include, but are not limited to, statements with respect to the resource base of the combined company, anticipated timing and completion of the Arrangement, timing of listing of the Company’s common shares under its new name and ticker symbols on the TSX and OTCQB, and timing of delisting of the Golden Predator common shares and application to cease its reporting status. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Sabre Gold and/or Golden Predator to be materially different from those expressed or implied by such forward-looking statements. Although management of each of Sabre Gold and Golden Predator has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate. Accordingly, readers should not place undue reliance on forward-looking statements. Neither party will update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. The parties caution readers not to place undue reliance on these forward-looking statements and it does not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.

This press release is not and is not to be construed in any way as, an offer to buy or sell securities in the United States. The distribution of the Sabre Gold common shares in connection with the transactions described herein will not be registered under the United States Securities Act of 1933 (the “U.S. Securities Act”) and the Sabre Gold common shares may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Sabre Gold common shares, nor shall there be any offer or sale of the Sabre Gold common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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

Entravision Communications (EVC) – Financial Flexibility With Recent Buyout

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Thursday, September 02, 2021

Entravision Communications (EVC)
Financial Flexibility With Recent Buyout

Entravision Communications Corporation is a diversified Spanish-language media company utilizing a combination of television and radio operations to reach Hispanic consumers across the United States, as well as the border markets of Mexico. Entravision owns and/or operates 53 primary television stations and is the largest affiliate group of both the top-ranked Univision television network and Univision’s TeleFutura network, with television stations in 20 of the nation’s top 50 Hispanic markets. The Company also operates one of the nation’s largest groups of primarily Spanish-language radio stations, consisting of 48 owned and operated radio stations.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Accelerates timetable to buy the rest of Cisneros. The Company acquired the remaining 49% interest in Cisneros Interactive that it did not already own, accelerating the timetable to buy the stake by 2 years. Notably, we estimate that the company paid $29 million for its original 51% ownership interest in Oct. 2020. The purchase solidifies the company as a leading digital media company, with over 70% of its consolidated revenue from its Digital Media businesses.

    Attractive terms.  Entravision will pay the remaining shareholders of Cisneros in 1/3rd increments in each of the next 3 years. The annual payout will be 6 times EBITDA of the prior year end period times 49% divided by 3, an attractive valuation given the strong growth profile of Cisneros. The sellers will receive incremental upside from acquisitions that Cisneros makes. The buyout takes the place …



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