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Aurania Receives Approval On Amendment Of Warrant Terms

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Aurania Receives Approval On Amendment Of Warrant Terms

 

Toronto, Ontario, August 20, 2021 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) announces that the TSX Venture Exchange has consented to the proposed amendment of warrant terms as announced on August 6, 2021.  A total of  1,043,567 non-broker warrants (the “Warrants”) were issued in relation to a private placement financing that closed in three tranches on February 28, March 5 and March 13, 2020.  The Warrants carry an exercise price per share of C$4.25 and are scheduled to expire on August 28, September 5 and September 13, 2021, respectively.  These Warrants are the only non-listed warrants currently outstanding.

The amended terms include the following: (a) a reduction of the exercise price to C$3.40 per share issuable upon exercise of a Warrant; (b) an extension to the expiry date to March 13, 2022; and (c) an accelerated expiry provision, such that the Warrants will expire on the earlier of the extended expiry date and 30 days following the 10th consecutive trading day on which the closing price of Aurania’s shares exceeds the amended exercise price of the Warrants by 15% or more.

The amendments will become effective automatically as of the original date and time of expiry of the Warrants. Prior to the original date and time of expiry of the Warrants, the Warrants will remain in force, unamended, per their original terms and conditions.  These amendments do not apply to any Warrants issued to finders or agents as compensation.

Holders of the Warrants may contact the Company at [email protected] or DSA Corporate Services at [email protected], the administrator of the Warrants, should they have any questions or wish to exercise their Warrants.  The Company will accept the original certificate representing the Warrants, together with a duly completed exercise form, together with payment made to Aurania Resources Ltd., in accordance with the instructions provided on the certificate representing the Warrants.

The amendments were accepted by the TSX Venture Exchange effective August 19, 2021.

 

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America.  Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at  https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir

VP Investor Relations

Aurania Resources Ltd.

(416) 367-3200

[email protected]

 Dr. Richard Spencer

President

Aurania Resources Ltd.

(416) 367-3200

[email protected]

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 news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to Aurania’s objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, the effects of COVID-19 on the business of the Company including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains, and those risks set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Comtech Telecommunications Corp. to Participate in Midwest IDEAS Investor Conference

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Comtech Telecommunications Corp. to Participate in Midwest IDEAS Investor Conference

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Aug. 20, 2021– 
August 20, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that it will participate in the virtual 
Midwest IDEAS Investor Conference on 
Wednesday, August 25, 2021. The Company’s presentation will be webcasted and is scheduled to be available on 
August 25, 2021 at 
8:00 am ET.

Comtech management will provide an overview of the Company and its business opportunities. The Company will also conduct virtual one-on-one meetings with investors throughout the day.

A webcast of the presentation will be available on Comtech’s website at www.comtechtel.com. The webcast is expected to be archived on Comtech’s website for a limited time following the event. The presentation can also be accessed through the Midwest IDEAS conference website: www.IDEASconferences.com.

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions to customers in more than 100 countries. For more information, please visit www.comtechtel.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Comtech Investor Relations:
(631) 962-7005
[email protected]

Source: 
Comtech Telecommunications Corp.

What Happens if Your SPAC Doesn’t Find its Ideal Acquisition?

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 />


One Great Protection Inherent in SPACs for Investors

 

There are many features in SPAC deals that attract investors to them. Some of these are related to owning an interesting company as it goes public. But another feature, dictated by the SEC, limits downside risk during the pre-SPAC stage if the SPAC manager fails to consummate a merger.

Limited Downside

We all buy stocks with the idea that we want them to go up. But, we certainly know they may go down. Our stock may even go down all in one large price move, or gap lower at the open. Special Purpose Acquisition Companies, during the target search phase (usually 24 months), have a de facto floor that helps prevent steep drops in price. The very structure helps protect from great losses pre-deal and allows for a final decision to opt-out if and when a target is found.

The protection is in the disbursement from the trust account. If the purchase price was $10 per share, the proceeds from everyone’s $10 were initially placed in a trust account while the managers shopped and negotiated. From the trust account they paid bills, they also earned incremental interest. If a deal isn’t made, the original investment, less expenses, plus interest accrued, is returned. Very often, this would be incrementally lower than the purchase price. However, something would have had to have gone terribly wrong for the loss to be large.

Recipients of the pro-rata disbursement of the trust account may even make money. It’s like you buy a pair of sunglasses online because you want them for the weekend, they get delivered on Friday, you open the package, and find you don’t like them. You may or may not have to pay the shipping to return the glasses, but you don’t lose much of your money.  If you’re upset it’s because of lost opportunity, you wanted to have a new pair of sunglasses on Saturday.

 

Take-Away

For everyone involved, the ideal scenario is that their SPAC merges with the perfect target and that this perfect target does well after the merger. This could then cause investors to exceed market returns on their $10 per share SPAC investment. Under a less rosy scenario, the downside is minimal in that the investor can opt-out before any merger, or receive their disbursement if nothing was found. For investors that purchased their SPAC on the open market at a discount, they may receive oversized returns from any disbursement.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Content:

Optionality of a Special Purpose Acquisition Company

Regulation of a Special Purpose Acquisition Company

Analysis of a Special Purpose Acquisition Company

Lifecycle of a Special Purpose Acquisition Company

 

Sources:

Channelchek.com

https://www.sec.gov/oiea/investor-alerts-and-bulletins/what-you-need-know-about-spacs-investor-bulletin

 

Stay up to date. Follow us:

 

High Tech Search for Copper

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 />


Travelling Through Deep Time to Find Copper for a Clean Energy Future

 

More than 100 countries, including the United States and members of the European Union, have committed to net-zero carbon emissions by 2050. The world is going to need a lot of metal, particularly copper.

Recently, the International Energy Agency sounded the warning bell on the global supply of copper as the most widely used metal in renewable energy technologies. With Goldman Sachs predicting copper demand to grow up to 600% by 2030 and global supply becoming increasingly strained, it is clear we need to find new and large deposits of copper fast.

Getting this much copper will be impossible unless we discover significant new copper deposits. But there has been little exploration for copper over the past decade, as prices have been relatively low.

 

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 of Dietmar Müller, Professor of Geophysics, University of Sydney, Jo Condon, Honorary researcher, The University of Melbourne, Julian Diaz, Exploration Geologist, University of Sydney, and Rohitash Chandra, Senior Lecturer, UNSW

 

We have been developing software to model Earth in four dimensions to look deep inside the planet and back into the past to discover where copper deposits formed along ancient mountain ranges. This software, called GPlates, is a powerful four-dimensional information system for geologists.

How Large Copper Deposits Form

Many of the world’s richest copper deposits formed along volcanic mountain chains such as the Andes and the Rocky Mountains, in these regions, an oceanic tectonic plate and a continent collide, with the oceanic plate sinking under the edge of the continent in a process called subduction.

This process creates a variety of igneous rocks and copper deposits to form along the edge of the continent, at depths of between one and five kilometres in the crust, where hot magmatic fluids containing copper (and other elements) circulate within networks of faults. After millions of years of further plate movement and erosion, these treasures move close to the surface – ready to be discovered.

A sample of copper hosted in a quartz vein in the form of a mineral called chalcopyrite. When exposed to air, the surface oxidises to create this metallic ‘peacock’ lustre. Marek Novot?ák / Wikimedia Commons

Searching for Copper

Geologists typically use a set of well-established tools to look for copper. These include geological mapping, geochemical sampling, geophysical surveys and remote sensing. However, this approach does not consider the origin of the magmatic fluids in space and time as the driver of copper formation.

We know these magmatic fluids come from the “mantle wedge”, a wedge-shaped piece of the mantle between the two plates that is fed by oceanic fluids escaping from the downgoing plate. The oceanic plate heats up on its way down, releasing fluids that rise into the overlying continental crust, which in turn drives volcanic activity at the surface and the accumulation of metals such as copper.

Cross section of the Earth showing one tectonic plate going under the other, creative volcanism and copper deposits directly above

 

 

Copper deposits tend to form above subduction zones along
volcanic chains. This schematic is not to scale.

 

Differences in how subduction occurs and the characteristics of the oceanic plate may hold the secret to better understanding where and when copper deposits form. However, this information is traditionally not used in copper exploration.

 

Building a Virtual Earth

At the EarthByte research group, we are building a virtual Earth powered by our GPlates plate tectonic software, which lets us look deep below the surface and travel back in time. One of its many applications is to understand where copper deposits have formed along mountain belts.

In a recent paper, we outline how it works. We focus on the past 80 million years because most of the known economic copper deposits along mountain belts formed during this period. This period is also most accurate for our models.

We used machine learning to find links between known copper deposits along mountain belts and the evolution of the associated subduction zone. Our model looks at several different subduction zone parameters and determines how important each one is in terms of association with known ore deposits.

 

 

So what turns out to be important? How fast the plates are moving towards each other, how much calcium carbonate is contained in the subducting crust and in deep-sea sediments, how old and thick the subducting plate is, and how far it is to the nearest edge of a subduction zone.

Using our machine learning approach, we can look at different parts of the world and see whether they would have experienced conditions conducive to forming copper deposits at different times. We identified several candidate regions in the US, including in central Alaska, southern Nevada, southern California and Arizona, and numerous regions in Mexico, Chile, Peru and Ecuador.

Knowing when copper ore deposits may have formed is important, as it helps explorers to focus their efforts on rocks of particular ages. In addition, it reveals how much time given deposits might have had to move closer to the surface.

Australia has similar deposits, including the Cadia copper-gold district in New South Wales. However, these rocks are significantly older (roughly 460 million to 430 million years old) and require virtual Earth models to look much further back in time than those applied to the Americas.

 

The Future of Mineral Exploration

Finding 10 million tonnes of copper by 2030 – the equivalent of eight of the largest copper deposits that we mine today – presents an enormous challenge.

With support over a decade from AuScope and the National Collaborative Research Infrastructure Strategy (NCRIS), we are in a position to imagine tackling this challenge. By supercharging GPlates in Australia’s Downward Looking Telescope, together with AI and supercomputing, we can meet it head on.

These emerging technologies are increasingly being used by Australian startups like Lithodat and DeeperX and mining companies in collaboration with universities to develop AI’s enormous potential for critical minerals discovery.

 

Suggested Content:

Chakana Copper (Video)

Comstock Mining (Video)

Palladium One Mining (Video)

Sierra Metals (Video)

 

Stay up to date. Follow us:

 

What Happens if Your SPAC Doesnt Find its Ideal Acquisition?

Posted on by Admin 
 />


One Great Protection Inherent in SPACs for Investors

 

There are many features in SPAC deals that attract investors to them. Some of these are related to owning an interesting company as it goes public. But another feature, dictated by the SEC, limits downside risk during the pre-SPAC stage if the SPAC manager fails to consummate a merger.

Limited Downside

We all buy stocks with the idea that we want them to go up. But, we certainly know they may go down. Our stock may even go down all in one large price move, or gap lower at the open. Special Purpose Acquisition Companies, during the target search phase (usually 24 months), have a de facto floor that helps prevent steep drops in price. The very structure helps protect from great losses pre-deal and allows for a final decision to opt-out if and when a target is found.

The protection is in the disbursement from the trust account. If the purchase price was $10 per share, the proceeds from everyone’s $10 were initially placed in a trust account while the managers shopped and negotiated. From the trust account they paid bills, they also earned incremental interest. If a deal isn’t made, the original investment, less expenses, plus interest accrued, is returned. Very often, this would be incrementally lower than the purchase price. However, something would have had to have gone terribly wrong for the loss to be large.

Recipients of the pro-rata disbursement of the trust account may even make money. It’s like you buy a pair of sunglasses online because you want them for the weekend, they get delivered on Friday, you open the package, and find you don’t like them. You may or may not have to pay the shipping to return the glasses, but you don’t lose much of your money.  If you’re upset it’s because of lost opportunity, you wanted to have a new pair of sunglasses on Saturday.

 

Take-Away

For everyone involved, the ideal scenario is that their SPAC merges with the perfect target and that this perfect target does well after the merger. This could then cause investors to exceed market returns on their $10 per share SPAC investment. Under a less rosy scenario, the downside is minimal in that the investor can opt-out before any merger, or receive their disbursement if nothing was found. For investors that purchased their SPAC on the open market at a discount, they may receive oversized returns from any disbursement.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Content:

Optionality of a Special Purpose Acquisition Company

Regulation of a Special Purpose Acquisition Company

Analysis of a Special Purpose Acquisition Company

Lifecycle of a Special Purpose Acquisition Company

 

Sources:

Channelchek.com

https://www.sec.gov/oiea/investor-alerts-and-bulletins/what-you-need-know-about-spacs-investor-bulletin

 

Stay up to date. Follow us:

 

Investor Information on Three Segments of the Uranium Energy Sector

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	Image Credit: Pixabay (Pexels)


Overview of Uranium Stocks Within Three Industry Segments

 

The fundamentals surrounding uranium prices seem to add up to be a perfect storm in
favor of the once-out-of-favor commodity. On the supply side, production is off because of mine closures, meanwhile, demand is rising as the move toward zero CO2 emissions power generation is getting stronger – and government
support is stronger than ever.

Portfolio Exposure 

But, uranium is not your typical commodity. Prices are generally a direct negotiation between utilities and producers, and direct investment presents storage
expenses. Traditionally, investors look toward companies involved in mining uranium to diversify the energy component of their portfolio. As with other natural resources that are pulled from the Earth, there are companies involved in the various stages of mining. These include companies solely involved in Exploration,
Development, or Producing.

Exploration companies are active in exploring properties that they either own or have obtained rights to explore. Producers
are involved in actual mining; they take the mineral from the ground. Developers
take the raw product and make it ready for consumption, in the case of uranium they create something called yellowcake. There is overlap within the industry as some companies are vertically integrated.

All three of these types usually benefit when the price of U3O8 rises. The greater risk/reward for investors is often found on the exploration side and the lowest risk/return is more often found among production companies. Of course, as with any comparison, many factors are involved to determine risk factors. There are also companies that are involved in two or more of these activities.

Companies and Involvement

It’s helpful when evaluating any mining-related company, which activities they are involved in. With this in mind, the list below may be helpful in sorting them out. We also suggest you attend the free online uranium
investor forum available here on Channelchek on August 31. A number of the companies listed below will be discussing their activities and prospects with the Senior Energy Analyst from Noble Capital Markets.

An asterisk (*) in the description indicates that the
company is a hybrid that is active in more than one related activity.

Exploration

Azincourt Energy Corp. (AZZURF) is a Canadian-based exploration stage company. It is engaged in the acquisition, exploration, and development of mineral properties. The company’s two uranium projects include Escalera-Lituania-Condorlit Projects and East Preston Uranium Project. The current market cap is $12.35 million.

Blue Sky Uranium Corp. (BKUCF) is a junior mineral exploration company based in Canada. The company focuses on uranium exploration projects in southern Argentina. It owns an interest in various exploration properties. The current market cap is $21.54 million.

Peninsula Energy Ltd. (PENMF) is a uranium mining and development company. The company’s project includes Lance ISR Uranium Projects located on the northeast flank of the Powder River Basin in Wyoming and Karoo Uranium Projects in South Africa. *It has three reportable operating segments, Lance uranium projects, Wyoming USA; Karoo uranium projects, South Africa; and Corporate/Other. The current market cap is $90.14 million.

Standard Uranium Ltd. (STTDF)  is a Canadian uranium exploration company focused on its Davidson River flagship project in the Southwest Athabasca Uranium District.

 

Development

GoviEx Uranium Inc. (GVXXF) is a Canada-based company involved in industrial metals and mining business sector. The company is focused on evaluation and development of uranium properties located in the Republic of Niger. *It operates through Exploration of Mineral Properties in segment. The current market cap is $85.13 million.

enCore Energy Corp. (ENCUF) is a developer-focused on becoming a domestic United States uranium producer. With significant existing resources in the southwest United States and licensed uranium production facilities in Texas, enCore holds the largest uranium position in the Grants Mineral Belt and licensed processing capacity to respond quickly to market opportunities. The current market cap is $174.04 million.

 

Production  

Energy Fuels (UUUU) is the largest uranium producer in the U.S. and holds more production capacity and uranium resources than any other U.S. producer. The current market cap is $658.65 million.

 

 

Take-Away

As with investing in any sector, knowing the various segments in the space allows for better filtering for “watch” lists, and eventual positions. The attention now being paid to uranium is coming from many different areas. Much of the globe has as its goal to reduce fossil fuel use. It is not expected that wind and solar alone will allow for an uninterrupted supply of power at current usage rates. Power usage is expected to trend upwards.

Registering for the no-cost Noble Capital Markets Uranium Power Players Investor Forum will allow insights into specific companies within the segments exploration, development, and mining companies. This is the online event allows attendees to ask questions of management if they choose.

 

Suggested Reading



Why Uranium Prices Have Been Rising

The Increasing Popularity of Uranium Investments





Can Mining Be Green and Sustainable?

How Does Uranium Fit Into the ESG Landscape?

 

Sources:

Channelchek.com

 

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QuickChek – August 20, 2021

Posted on by Admin



Aurania Receives Approval On Amendment Of Warrant Terms

Aurania Resources announced that the TSX Venture Exchange has consented to the proposed amendment of warrant terms as announced on August 6, 2021

See today’s research report from Mark Reichman, Senior Research Analyst of Natural Resources at Noble Capital Markets

Research, News & Market Data on Aurania

Watch recent presentation from Aurania



Comtech Telecommunications Corp. to Participate in Midwest IDEAS Investor Conference

Comtech Telecommunications announced that it will participate in the virtual Midwest IDEAS Investor Conference on Wednesday, August 25, 2021

Research, News & Market Data on Comtech

Watch recent presentation from Comtech

 

Stay up to date. Follow us:

 

Release – Comtech Telecommunications Corp. to Participate in Midwest IDEAS Investor Conference

Posted on by Admin


Comtech Telecommunications Corp. to Participate in Midwest IDEAS Investor Conference

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Aug. 20, 2021– 
August 20, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that it will participate in the virtual 
Midwest IDEAS Investor Conference on 
Wednesday, August 25, 2021. The Company’s presentation will be webcasted and is scheduled to be available on 
August 25, 2021 at 
8:00 am ET.

Comtech management will provide an overview of the Company and its business opportunities. The Company will also conduct virtual one-on-one meetings with investors throughout the day.

A webcast of the presentation will be available on Comtech’s website at www.comtechtel.com. The webcast is expected to be archived on Comtech’s website for a limited time following the event. The presentation can also be accessed through the Midwest IDEAS conference website: www.IDEASconferences.com.

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions to customers in more than 100 countries. For more information, please visit www.comtechtel.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Comtech Investor Relations:
(631) 962-7005
[email protected]

Source: 
Comtech Telecommunications Corp.

Release – Aurania Receives Approval On Amendment Of Warrant Terms

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Aurania Receives Approval On Amendment Of Warrant Terms

 

Toronto, Ontario, August 20, 2021 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) announces that the TSX Venture Exchange has consented to the proposed amendment of warrant terms as announced on August 6, 2021.  A total of  1,043,567 non-broker warrants (the “Warrants”) were issued in relation to a private placement financing that closed in three tranches on February 28, March 5 and March 13, 2020.  The Warrants carry an exercise price per share of C$4.25 and are scheduled to expire on August 28, September 5 and September 13, 2021, respectively.  These Warrants are the only non-listed warrants currently outstanding.

The amended terms include the following: (a) a reduction of the exercise price to C$3.40 per share issuable upon exercise of a Warrant; (b) an extension to the expiry date to March 13, 2022; and (c) an accelerated expiry provision, such that the Warrants will expire on the earlier of the extended expiry date and 30 days following the 10th consecutive trading day on which the closing price of Aurania’s shares exceeds the amended exercise price of the Warrants by 15% or more.

The amendments will become effective automatically as of the original date and time of expiry of the Warrants. Prior to the original date and time of expiry of the Warrants, the Warrants will remain in force, unamended, per their original terms and conditions.  These amendments do not apply to any Warrants issued to finders or agents as compensation.

Holders of the Warrants may contact the Company at [email protected] or DSA Corporate Services at [email protected], the administrator of the Warrants, should they have any questions or wish to exercise their Warrants.  The Company will accept the original certificate representing the Warrants, together with a duly completed exercise form, together with payment made to Aurania Resources Ltd., in accordance with the instructions provided on the certificate representing the Warrants.

The amendments were accepted by the TSX Venture Exchange effective August 19, 2021.

 

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America.  Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at  https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir

VP Investor Relations

Aurania Resources Ltd.

(416) 367-3200

[email protected]

 Dr. Richard Spencer

President

Aurania Resources Ltd.

(416) 367-3200

[email protected]

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 news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to Aurania’s objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, the effects of COVID-19 on the business of the Company including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains, and those risks set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Aurania Resources (AUIAF)(ARU:CA) – Getting Closer to the Source of Copper at Tsenken N1

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Friday, August 20, 2021

Aurania Resources (AUIAF)(ARU:CA)
Getting Closer to the Source of Copper at Tsenken N1

As of April 24, 2020, Noble Capital Markets research on Aurania Resources is published under ticker symbols (AUIAF and ARU:CA). The price target is in USD and based on ticker symbol AUIAF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.

Aurania Resources Ltd. is a Canada-based junior mining exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset, The Lost Cities-Cutucu Project, is in southeastern Ecuador in the Province of Morona-Santiago. The company also has several minor projects in Switzerland.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

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

    Drilling intersects sediment-hosted copper at Tsenken N1. Six drill holes have been completed, representing 1,859 meters of drilling, at the Tsenken N1 copper-silver target. Hole TSN1-007, which is still underway, intersected sediment-hosted copper mineralization visible over roughly 2 kilometers, along with salt which is a key element of sediment-hosted copper mineralized systems. A fault system is thought to have fed copper into the sediments much in the way it did zinc-silver in the Tiria-Shimpia area. Management believes that Tsenken and Tiria-Shimpia may be part of the same mineralized system, extending over 45 kilometers, that gradually changes from copper-dominant to zinc-dominant mineralization.

    Potential for multiple beds of mineralization.  Management believes the copper-silver found within the Lost Cities project is similar to that found in the Kupferschiefer of northern central Europe, one of the world’s largest sediment-hosted accumulations of copper ore. The source for the copper in sediment-hosted layered copper deposits is often sections of oxidized sediments, or red beds, and …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Release – Schwazze Announces Star Buds Colorado Home Delivery Services

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Schwazze Announces Star Buds Colorado Home Delivery Services

 

Star Buds Cannabis Delivery Services Launch in the City of Aurora

DENVER, Aug. 19, 2021 /PRNewswire/ – Schwazze, (OTCQX:SHWZ) (“Schwazze” or the “Company”), announces the launch of its cannabis product home delivery service to residences in the city of Aurora beginning today.  Aurora home delivery service will start from its Star Buds Montview retail dispensary location at 10100 E. Montview Boulevard. Orders may be placed online at https://www.starbuds.us/colorado with an option to select home delivery services for those residing in the Aurora area. The delivery service is available to any personal residences located within the city limits of Aurora, in which the Star Buds Montview location currently serves.

The launch of the delivery service from Star Buds Montview is the first phase of a home delivery offering for the Star Buds dispensaries in Colorado. The second phase, expected later this year, will include deliveries from the Star Buds Arapahoe location at 14655 E. Arapahoe Road, also based in Aurora.

“We are excited to meet our Star Buds’ customers when and where they want to shop. We see this as a positive step forward to bring the best selection of high-quality flower and CPG cannabinoid products to more Colorado households. Our goal is to make cannabis products even more accessible through the convenience of home delivery and make it readily available to a greater number of people than ever before,” said Nirup Krishnamurthy, COO of Schwazze.  

About Schwazze
Schwazze (OTCQX: SHWZ) is building the premier vertically integrated cannabis company in Colorado and plans to take its operating system to other states where it can develop a differentiated leadership position.  Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. The Company is committed to unlocking the full potential of the cannabis plant to improve the human condition.  Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. The Company’s leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector.  Schwazze is passionate about making a difference in our communities, promoting diversity and inclusion, and doing our part to incorporate climate-conscious best practices.  Medicine Man Technologies, Inc. was Schwazze’s former operating trade name. The corporate entity continues to be named Medicine Man Technologies, Inc.

Schwazze derives its name from the pruning technique of a cannabis plant to enhance plant structure and promote healthy growth.

Forward-Looking Statements
This press release contains “forward-looking statements.” Such statements may be preceded by the words “plan,” “will,” “may,”, “predicts,” or similar words. Forward-looking statements are not guarantees of future events or performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control and cannot be predicted or quantified. Consequently, actual events and results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; (v) difficulties in securing regulatory approval to market our products and product candidates; (vi) our ability to successfully execute our growth strategy in Colorado and outside the state, (vii) our ability to consummate the acquisition described in this press release or to identify and consummate future acquisitions that meet our criteria, (viii) our ability to successfully integrate acquired businesses and realize synergies therefrom, ({ix) the ongoing COVID-19 pandemic, * the timing and extent of governmental stimulus programs, and (xi) the uncertainty in the application of federal, state and local laws to our business, and any changes in such laws. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise except as required by law.

SOURCE Medicine Man Technologies, Inc.

Release – Great Bear Begins Phase 2 Drilling at Dixie Project

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Great Bear Begins Phase 2 Drilling at Dixie Project

 

August 19, 2021 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the “Company” or “Great Bear”, TSX-V: GBR; OTCQX: GTBAF) today provides an update regarding its ongoing fully funded $45 million 2021 exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.

Significant improvements in the forest fire situation in Northwestern Ontario have allowed the Ministry of Northern Development, Mines, Natural Resources and Forestry (MNRF) of Ontario to remove a work suspension order which was originally issued on July 21st, which had restricted industrial activities over a large area of the Province.  With the work suspension rescinded on August 18th,  Great Bear will now commence Phase 2 drilling, consisting of:

  1. Ongoing expansion drilling of the LP Fault below 450 metres depth, and along strike beyond the 4 kilometre long Phase 1 grid drilling area,
  2. Any additional infill drilling of the Phase 1 LP Fault grid drilling area that may be required,
  3. Expansion and infill drilling of the Hinge, Limb and Arrow zones, and
  4. Testing of new regional targets at Dixie.

Drills are expected to be active on the Dixie property as of Monday, August 23rd.

 

About the Dixie Project

The Dixie Project is 100% owned, comprised of 9,140 hectares of contiguous claims that extend over 22 kilometres, and is located approximately 25 kilometres southeast of the town of Red Lake, Ontario. The project is accessible year-round via a 15 minute drive on a paved highway which runs the length of the northern claim boundary and a network of well-maintained logging roads.

The Dixie Project hosts two principal styles of gold mineralization:

  • High-grade gold in quartz veins and silica-sulphide replacement zones (Dixie Limb, Hinge and Arrow zones). Hosted by mafic volcanic rocks and localized near regional-scale D2 fold axes.  These mineralization styles are also typical of the significant mined deposits of the Red Lake district.
  • High-grade disseminated gold with broad moderate to lower grade envelopes (LP Fault).  The LP Fault is a significant gold-hosting structure which has been seismically imaged to extend to 14 kilometres depth (Zeng and Calvert, 2006), and has been interpreted by Great Bear to have up to 18 kilometres of strike length on the Dixie property.  High-grade gold mineralization is controlled by structural and geological contacts, and moderate to lower-grade disseminated gold surrounds and flanks the high-grade intervals.  The dominant gold-hosting stratigraphy consists of felsic sediments and volcanic units.

 

About Great Bear

Great Bear Resources Ltd. is a well-financed gold exploration company managed by a team with a track record of success in mineral exploration.  Great Bear is focused in the prolific Red Lake gold district in northwest Ontario, where the company controls over 200 km2 of highly prospective tenure across 4 projects, all 100% owned: The flagship Dixie Project, the Pakwash Property, the Sobel Property, and the Red Lake North Property, all of which are accessible year-round through existing roads.

 

Qualified Person and NI 43-101 Disclosure

Mr. R. Bob Singh, P.Geo, VP Exploration, and Ms. Andrea Diakow P.Geo, VP Projects for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

 

ON BEHALF OF THE BOARD

“Chris Taylor”                               

Chris Taylor, President and CEO

 

Investor Inquiries:

Ms. Jenni Piette,

Director, Sustainability and Stakeholder Relations

Tel: 604-646-8354

[email protected]

www.greatbearresources.ca

 

Cautionary note regarding forward-looking statements

This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.

Forward-looking information are based on management of the parties’ reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.

Such factors, among other things, include: impacts arising from the global disruption caused by the Covid-19 coronavirus outbreak, business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.

Great Bear undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.




Release – Comtech Telecommunications Corp. Awarded 5G Contract with Canadian Wireless Network Operator

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Comtech Telecommunications Corp. Awarded 5G Contract with Canadian Wireless Network Operator

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Aug. 19, 2021– 
August 19, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its fourth quarter of fiscal 2021, it was awarded a contract with a Canadian tier-one mobile network operator to supply 5G location services.

“Comtech is honored to announce this further international expansion of our 5G service offerings. We continue to expand our 5G footprint globally in support of the larger capacity and faster speeds it provides to end users, supporting innovation in public safety and other businesses,” said  Fred Kornberg, Chairman of the Board and Chief Executive Officer of 
Comtech Telecommunications Corp.

The contract was awarded to Comtech’s Trusted Location group, a leading provider of precise device location, mapping and messaging solutions for public safety, mobile network operators, and enterprise solutions. Sold around the world to mobile network operators, government agencies, and Fortune 100 enterprises, our platforms locate, map, track and message. For more information, visit www.comtechlocation.com.

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions to customers in more than 100 countries. For more information, please visit www.comtechtel.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Comtech Investor Relations:
631-962-7005
[email protected]

Source: 
Comtech Telecommunications Corp.