Zedcor Energy Inc. Announces Financing Extension

Calgary, Alberta–(Newsfile Corp. – March 26, 2019) – Zedcor Energy Inc. (TSXV: ZDC) (the “Company” or “Zedcor”) is pleased to announce that effective March 25, 2019, it has amended the Amended and Restated Loan and Security Agreement (the “Agreement”) with Maynbridge Capital Inc. to extend the maturity date of the Agreement to March 25, 2020 in the principal amount of $14,314,250. The current loan amount reflects a repayment of debt since September 28, 2018 of $1,623,500 funded through the sale of under-utilized assets. The renewed Agreement continues to bear interest at 12.75%, has an extension fee of up to 4%, and will be serviced by twelve months of interest only payments. In addition, the Company amended its Warrant Agreement with Maynbridge to decrease the exercise price to $0.145 per share from $0.20 per share and to extend the expiry date of the warrants by twelve months to January 21, 2022. Pursuant to the Agreement, and in connection with the foregoing extension of the maturity date, the Company also issued to Maynbridge an additional 2,068 warrants to purchase common shares at an exercise price of $0.145 per share expiring January 21, 2022.

Dean Swanberg, Interim CEO, stated, “The financing extension announced today allows the Company to continue to focus on strengthening its operational performance and bottom line results. At the same time, the Company remains committed to reducing debt through positive cash flows and selling under-utilized assets.”

Forward-Looking Statements and Information

Certain statements included or incorporated by reference in this press release constitute forward-looking statements or forward-looking information. Forward-looking statements or information may contain statements with the words “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, “budget”, “should”, “project”, “or similar words suggesting future outcomes or expectations. In particular, forward-looking statements and information contained in this press release, include, but are not limited to, Zedcor’s plans to continue to market and sell under-utilized assets and to use the proceeds to pay down debt. Although the Company believes that the expectations implied in such forward-looking statements or information are reasonable, undue reliance should not be placed on these forward-looking statements because the Company can give no assurance that such statements will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of assumptions about the future and uncertainties. Although management believes these assumptions are reasonable, there can be no assurance that they will be proved to be correct, and actual results will differ materially from those anticipated. For this purpose, any statements herein that are not statements of historical fact may be deemed to be forward-looking statements. The forward-looking statements or information contained in this press release are made as of the date hereof and the Company assumes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new contrary information, future events or any other reason, unless it is required by any applicable securities laws. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.

About Zedcor Energy Inc.

Zedcor Energy Inc. is a Canadian public corporation and parent company to Zedcor Energy Services Corp. (“Zedcor Corp.”). Zedcor Corp. is engaged in the rental of surface equipment and accommodations, and providing security and surveillance services in Western Canada. The Company trades on the TSX Venture Exchange under the symbol “ZDC”.

For further information contact:

Kim Cotter
Chief Financial Officer
P: (403) 930 – 5435
E: kcotter@zedcor.ca

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


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43654

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SEC Names Jeffrey Dinwoodie Senior Counsel and Policy Advisor for Market and Activities-Based Risk

Washington, D.C.–(Newsfile Corp. – March 25, 2019) – The Securities and Exchange Commission today announced that Jeffrey T. Dinwoodie has been appointed Senior Counsel and Policy Advisor for Market and Activities-Based Risk.  Chairman Jay Clayton has created this senior officer position to manage and coordinate the agency’s efforts to identify, monitor and respond to market risks—including activities-based risks—affecting the U.S. capital markets.  Mr. Dinwoodie will serve as the Chairman’s Deputy Representative to the Financial Stability Oversight Council (FSOC) and as a primary liaison with respect to these matters to other federal regulatory agencies and international organizations.  He will report directly to Chairman Clayton and will work closely with staff across the agency, including in the Divisions of Trading and Markets, Investment Management, and Economic and Risk Analysis, and the Office of Compliance Inspections and Examinations, among others. 

“I am delighted that Jeff will be serving in this role,” said Chairman Clayton.  “The U.S. and international financial markets of today are substantially different from those of the early 2000s.  As markets evolve, market risks change, and new risks emerge.  Our approach to identifying, monitoring, and responding to these risks should take into account this changing environment and the related need to draw on information and resources across the SEC and other regulators we work with—including through the FSOC, the FSB, and other organizations.  I have worked closely with Jeff for nearly two years, and I have been continually impressed by the leadership and judgment he brings to bear on a broad range of areas.  I look forward to working with him in this new important capacity.” 

“We have each worked with Jeff and are confident that his wide range of expertise makes him an excellent fit for this role.  Jeff’s responsibility to help coordinate the Commission’s approach to market risk—including activities-based risk—along with our regulatory partners will benefit American investors and capital markets,” said Dalia Blass, Director of the Division of Investment Management; Pete Driscoll, Director of the Office of Compliance Inspections and Examinations; S.P. Kothari, Director of the Division of Economic and Risk Analysis; and Brett Redfearn, Director of the Division of Trading and Markets.

Since joining the agency in June 2017, Mr. Dinwoodie has served as the lead advisor to Chairman Clayton on matters involving the Division of Trading and Markets, Office of Compliance Inspections and Examinations, Office of Municipal Securities, and Office of Credit Ratings, and has assisted on enforcement.  He has managed and advised on key rulemaking and policy initiatives, including in the areas of exchange, ATS, and broker-dealer regulation; fixed income and equity market structure; distributed ledger technology and cryptocurrencies; derivatives; and clearance and settlement.  He has also worked closely with the Office of General Counsel on various matters before the Commission.

Previously, Mr. Dinwoodie was an associate in the Financial Institutions Group at Davis Polk & Wardwell LLP.  He advised banks, broker-dealers, clearinghouses, markets, rating agencies, and other financial institutions on a wide range of regulatory, transactional, and enforcement matters.  Mr. Dinwoodie earned a J.D., magna cum laude, from American University and a B.S. from George Mason University.

OG DNA Genetics Inc. and Generic Gold Corp. Announce Proposed Reverse Takeover

Toronto, Ontario–(Newsfile Corp. – March 25, 2019) –  OG DNA Genetics Inc. (“DNA“), a globally recognized leading cannabis brand, and Generic Gold Corp. (CSE: GGC) (FSE: 1WD) (“Generic Gold“) announced today that they have entered into a letter of intent (the “Letter Agreement“) pursuant to which, among other things, DNA proposes to complete a reverse take-over of Generic Gold (the “Proposed Transaction“) and the securityholders of DNA will hold substantially all of the outstanding securities of Generic Gold following the Proposed Transaction (the “Resulting Issuer“).

“This is an important milestone for DNA, as we continue to expand the breadth and scope of our business from both a product and geographic perspective,” said Charles Phillips, CEO of OG DNA Genetics. “This transaction will help us to further build our brand and take advantage of opportunities to bring our expertise in genetics and high quality standards to new and expanded markets.”

Details of the Proposed Transaction

It is anticipated that the Proposed Transaction will be structured as a three-cornered amalgamation that will result in Generic Gold acquiring all of the issued and outstanding securities of DNA. The final structure for the Proposed Transaction is subject to satisfactory tax, corporate and securities law advice for both Generic Gold and DNA.

Pursuant to the Letter Agreement, and upon the satisfaction or waiver of the conditions set out therein, the following, among other things, will be completed in connection with the consummation of the Proposed Transaction:

  • the execution of a definitive agreement between Generic Gold and DNA and related transaction documents;
  • Generic Gold will continue from the Province of Ontario into the Province of British Columbia and will: (i) effect a capital restructuring (the “Restructuring“) to (A) create a class of proportionate voting or restricted voting shares having the same economic power (on an as-converted basis) as the issued and outstanding common shares (“Generic Gold Shares“), and (B) consolidate the Generic Gold Shares; (ii) approve the adoption of Articles under the Business Corporations Act (British Columbia) which will effect the Restructuring; (iii) change its name; (iv) appoint MNP LLP as auditors of Resulting Issuer; and (v) approve a new equity compensation plan (collectively, all of the foregoing are referred to as the “Shareholder Approval Matters“). Pursuant to the Restructuring, the authorized share capital of the Resulting Issuer will be amended to consist of an unlimited number of common shares and a specified number of proportionate voting or restricted voting shares of the Resulting Issuer, with such rights privileges, restrictions and conditions as may be determined by board of directors of DNA;
  • Generic Gold shall settle its outstanding indebtedness for the purpose of reducing the liabilities of Generic Gold (the “Liability Reduction“), such that immediately prior to closing the Proposed Transaction, the aggregate liabilities of Generic Gold shall be limited to certain expenses incurred in connection with the Proposed Transaction;
  • all outstanding stock options to acquire Generic Gold Shares (the “Generic Gold Stock Options“), common share purchase warrants outstanding to acquire Generic Gold Shares (the “Generic Gold Warrants“) and finder warrants outstanding to acquire Generic Gold Shares and Generic Gold Warrants (the “Generic Gold Finders Warrants“) will be exercised to acquire Generic Gold Shares or will be terminated without any payment of consideration therefor immediately prior to closing the Proposed Transaction;
  • all outstanding common shares of DNA (the “DNA Shares“), common share purchase warrants outstanding to acquire DNA Shares and all securities convertible into DNA Shares shall be exchanged for replacement securities of the Resulting Issuer, one-for-one on a post-consolidation basis, exercisable in accordance with their terms; and
  • the board of directors and management of the Resulting Issuer will be replaced with nominees of DNA.

The Proposed Transaction is subject to the conditions set out in the Letter Agreement, including obtaining the requisite approval of DNA’s and Generic Gold’s securityholders.

Generic Gold has entered into an Option and Right of First Refusal Agreement with Nevada Zinc Corporation (“Nevada Zinc“), dated March 14, 2019, whereby Nevada Zinc may purchase the shares of the company affiliated to Generic Gold that holds Generic Gold’s Yukon properties (see the Company’s press release dated June 29, 2017) (the “Yukon Subsidiary“) during the period ending March 14, 2020 at a cost of $200,000. The purchase price may be paid in either cash or shares of Nevada Zinc at the discretion of the Company. In addition, the Company has a right of first refusal expiring March 14, 2021 with regard to the sale of the Yukon properties owned by Generic Gold or its affiliates. Prior to the closing of the Proposed Transaction, Generic Gold shall also sell all of the issued and outstanding shares in the capital of the Yukon Subsidiary subject to the agreement with Nevada Zinc.

It is anticipated that immediately following the completion of the Proposed Transaction, the only shareholders that will hold greater than 10% of the issued and outstanding shares of the Resulting Issuer will be Don Morris and Aaron Yarkoni, each of whom is anticipated to be a director and senior officer of the Resulting Issuer.

Pursuant to the Proposed Transaction, the Generic Gold securityholders, immediately prior to the completion of the Proposed Transaction and following the Restructuring, will hold 1,000,000 Generic Gold Common Shares, post-consolidation and after the conversion of all outstanding convertible or exchangeable indebtedness and securities, including the Generic Gold Stock Options, the Generic Gold Warrants and the Generic Gold Finder Warrants.

Further details of the Proposed Transaction will be included in subsequent news releases and disclosure documents to be filed by Generic Gold in connection with the Proposed Transaction. It is anticipated that a shareholder meeting of Generic Gold to approve all required matters in connection with the closing of the Proposed Transaction will take place in the second quarter of 2019.

Trading in the Generic Gold Shares was halted by the Canadian Securities Exchange on March 25, 2019. Pending completion of the Proposed Transaction, it is expected that the Generic Gold Shares will remain halted for trading.

Management and Organization

Following the closing of the Proposed Transaction, it is anticipated that the Resulting Issuer will be led by Charles Phillips, Chief Executive Officer, Don Morris, Chief Cannabis Officer and Aaron Yarkoni, Chief Research Officer. The Resulting Issuer’s board of directors (the “Board“) is expected to be comprised of seven representatives, all of whom will be nominated by DNA.

Listing

It is anticipated that Generic Gold will maintain the listing of the Generic Gold Shares on the Canadian Securities Exchange (the “CSE“) following completion of the Proposed Transaction. The Proposed Transaction represents a Fundamental Change as defined in the policies of the CSE, and will be subject to CSE and shareholder approval. Listing of the Resulting Issuer will be subject to CSE approval.

About DNA Genetics

DNA was rooted in Los Angeles and founded in Amsterdam in 2004 by Don Morris and Aaron Yarkoni. Over the last decade, DNA has built and curated a seasoned genetic library and developed proven standard operating procedures for genetic selection, breeding, and cultivation. In a world that is increasingly opening up to commercial cannabis activity, DNA is positioned to become the first, truly geographically-diversified company with multiple partnerships with top-licensed producers and brands that have built their companies and global presence utilizing the “Powered by DNA” model. For more information, please visit www.dnagenetics.com.

About Generic Gold

Generic Gold is a Canadian mineral exploration company focused on gold projects in the Tintina Gold Belt in the Yukon Territory of Canada. The Company’s exploration portfolio consists of nine projects with a total land position of 37,877 hectares, all of which are 100% owned by Generic Gold. For information on the Company’s property portfolio, visit the Company’s website at genericgold.ca.

For further information please contact:

OG DNA Genetics Inc.

Rezwan Khan, Director of Business Development
Rezwan@dnagenetics.com

Generic Gold Corp.

Kelly Malcolm, President, CEO, and Director
Telephone: +1 (647) 299-1153
kmalcolm@genericgold.ca

As noted above, completion of the Proposed Transaction is subject to a number of conditions; however, there can be no assurance that the Proposed Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular of Generic Gold or the listing statement of the Resulting Issuer to be prepared in connection with the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon.

Neither the Canadian Securities Exchange nor any securities regulatory authority has in any way passed upon the merits of the Proposed Transaction nor accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Information and Statements

This press release contains certain “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Generic Gold’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Generic Gold’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include, but are not limited to, information concerning the Proposed Transaction, expectations regarding whether the Proposed Transaction will be consummated, including whether conditions to the consummation of the Proposed Transaction will be satisfied, the timing for completing the Proposed Transaction, expectations for the effects of the Proposed Transaction or the ability of the combined company to successfully achieve business objectives, expectations as to economic, business, and/or competitive factors.

By identifying such information and statements in this manner, Generic Gold is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Generic Gold to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, Generic Gold has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: the ability to consummate the Proposed Transaction; the ability to obtain requisite regulatory and securityholder approvals and the satisfaction of other conditions to the consummation of the Proposed Transaction on the proposed terms and schedule; the potential impact of the announcement or consummation of the Proposed Transaction on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation; and the diversion of management time on the Proposed Transaction. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

Although Generic Gold believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Generic Gold does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to Generic Gold or persons acting on its behalf is expressly qualified in its entirety by this notice.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43650

Arctic Star Exploration Corp. Commences Exploration Program at Diagras Property, Northwest Territories, Canada

Vancouver, British Columbia–(Newsfile Corp. – March 25, 2019) –  Arctic Star Exploration Corp. (TSXV: ADD) (FSE: 82A1) (WKN: A2DFY5) (“Arctic Star” or the “Company”) is pleased to announce that exploration has commenced at its 40% owned Diagras Property (“Diagras” or the “Property”) located in the Northwest Territories, Canada. Diagras totals 22,595 Hectares within 31 mineral claims with a total of 23 known kimberlites. Some preliminary results are already available, and they are encouraging. (See Figure 1).

The exploration program consists of Gravity, Magnetic and Electromagnetic (EM) ground surveys focused around historically identified kimberlites as well as other airborne geophysical anomalies with kimberlite like signatures. This ground work will provide detailed data for further analysis and interpretation to identify additional kimberlite potential with drill testing. The Company has also posted a financial Security for the land use permit, which will allow for camp construction, drilling and related exploration activities.

Margret Lake Diamonds Inc is a contributing Joint Venture (the “Joint Venture”) between the Company, which acts as project operator and holds a 60% interest, and Arctic Star Exploration Corp. which holds a 40% interest. Diagras is located in the prolific Lac de Gras diamond field, Northwest Territories, Canada just 35 km from the world-class Diavik diamond mine. The Property lies directly on trend with the Diavik deposits currently being mined by a joint venture between Rio Tinto and Dominion Diamond Diavik.

Detailed, modern ground geophysical techniques are being employed to define possible additional kimberlite(s) or kimberlite phases not identified by previous explorers, who did not utilize all these techniques. This exploration approach has been successful elsewhere with recent examples including the discoveries of additional diamondiferous kimberlite at the Kelvin and Faraday kimberlite complex (Kennady North project adjacent to the Gahcho Kue’ Diamond Mine). Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on Diagras.

This work is funded in part by significant grants from the Government of the Northwest Territories (GNWT) Mining Incentive Program (MIP). The Company would like to thank the GNWT for their support and recognition of the potential for this quality exploration program.

The Joint Venture was previously successful using this strategy during the 2017 and 2018 exploration seasons. The previous work revealed gravity and EM anomalies proximal to known magnetic kimberlites that constitute compelling drill targets.

At the Black Spruce kimberlite, previous workers discovered this kimberlite by drilling a distinct magnetic low. Our work in 2017 shows a series of gravity lows occur coincident and adjacent to the south of the known magnetic kimberlite phase. One of these gravity anomalies clearly breaks and disturbs a diabase dyke signature, which is a characteristic similar to many known Lac de Gras kimberlites. Preliminary results from this year 2019, show a strong EM anomaly the is partly separate and partly coincident with the magnetic and gravity anomalies. The simplest explaination is that each geophysicsal signature, the Magnetic, the gravity and them represent different phases of the same kimberlite complex. Each phase can have totally different diamond grades and populations. The gravity and EM anomalies require separate drill testing.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4806/43649_6210a1c894002802_002.jpg
Figure 1. Preliminary Ohm Mapper results for the Black Spruce Kimberlite. Colour image, EM data Magenta is more conductive. Contours Gravity data. 0.1mgal contours. Dotted blue outlines gravity targets, black outline magnetic signature. Note that they overlap but don’t coincide which indicates separate kimberlite phases. Dots are previous drill holes targeting the magnetic anomaly.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4806/43649_6210a1c894002802_002full.jpg

Targets of great interest were also generated at the Jack Pine kimberlite, which is one of the largest kimberlite complexes in the Lac de Gras diamond field (over 1.5km in its longest dimension), the geophysical methods (ground gravity, EM and magnetics) highlighted obvious magnetic kimberlite phases drilled by previous explorers while also successfully defining a new kimberlite-like geophysical expression believed to have not yet been evaluated by drilling according to available public domain records. Previous drilling in the Jack Pine kimberlite complex has demonstrated it is diamond bearing.

At the Suzanne kimberlite, ground geophysical work has revealed a magnetic low anomaly, a gravity anomaly and a linear EM anomaly. Data in the public domain indicates that only one drill hole tested this kimberlite leaving potentially untested kimberlite(s) and/or phases.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4806/43649_6210a1c894002802_003.jpg
Figure 2. Diagras Land Package within Lac de Gras Diamond Field

To view an enhanced version of Figure 2 please visit:
https://orders.newsfilecorp.com/files/4806/43649_6210a1c894002802_003full.jpg

Qualified Person

The technical data in this news release has been reviewed and approved by Buddy Doyle, P.Geo., a Qualified Person under the provisions of National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS OF
ARCTIC STAR EXPLORATION CORP.

“Patrick Power”

Patrick Power, President & CEO
+1 (604) 218-8772
ppower@arcticstar.ca

This news release contains “forward-looking statements” including but not limited to statements with respect to Arctic Star’s plans, the estimation of a mineral resource and the success of exploration activities. Forward-looking statements, while based on management’s best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to the risk that the Company is unable to close further tranches of the planned private placement and the Company’s plan to use all or some portion of the proceeds for exploration of the Foriet Diamond Property. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Arctic Star undertakes no obligation or responsibility to update forward-looking statements, except as required by law.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43649

Wildflower Brands Launches New Products

Vancouver, British Columbia–(Newsfile Corp. – March 25, 2019) – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) (the “Company”) is pleased to announce the addition of the Pure and Pure Plus tinctures to the Company’s CBD+ Wellness line of products.

Pure and Pure Plus tinctures are formulated with hemp-derived CBD, milk thistle and hemp seed oil to provide relief from inflammation and support healthy liver and heart function. Based on the success of Wildflower’s existing tinctures, hemp seed oil has been added to the new offering for the optimal ratio of omega-3 and omega-6 fatty acids. The solvent-free formulations can be taken sublingually via a dropper or used in food and beverage preparation.

This product launch is part of Wildflower’s ongoing product development efforts to meet the wholesale and retail customer demands for its high-quality offerings. Wildflower will continue to expand its CBD+ lineup.

The CBD+ Wellness line offers all-natural, plant-based alternatives for consumers’ daily wellness regimes. These products combine the natural healing properties of hemp-derived CBD with other synergistic plant-based ingredients for added effect.

William MacLean, CEO of Wildflower Brands, says, “Consumers are drawn to Wildflower because of the effectiveness and range of options available in our product lineup. The strong brand loyalty of Wildflower customers reflects the time and resources invested in our pipeline of products.”

The Pure and Pure Plus tinctures will be available at buywildflower.com and to retailers beginning March 26, 2019.

ABOUT WILDFLOWER

Wildflower Brands is a Vancouver-based company developing and designing brands that focus on plant-based health and wellness products.

All of our brands work in synergy toward the goal of becoming a global wellness leader.

Cautionary and Forward-Looking Statements

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. Forward‐looking statements and information are often, but not always, identified by the use of words such as “appear”, “seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “would” and similar expressions.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the marijuana industry in general such as operational risks in growing; competition; incorrect assessment of the value and potential benefits of various transactions; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and government regulations. Accordingly, readers should not place undue reliance on the forward‐looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.

The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the Canadian Securities Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

The Canadian Securities Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release.

Corporate Communications:
NetworkWire (NW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkWire.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43633

Delrey Commences Airborne Magnetic Geophysical Surveys on Its BC Vanadium Projects

Vancouver, British Columbia–(Newsfile Corp. – March 25, 2019) – DELREY METALS CORP. (CSE: DLRY) (FSE: 1OZ) (OTC Pink: DLRYF) (“Delrey” or the “Company“) is pleased to announce that is has commenced a phase I work program consisting of four airborne magnetic geophysical surveys to be flown over the coming weeks on its 100% wholly-owned Blackie, Porcher, Star and Peneece projects located near Prince Rupert, and Port Hardy British Columbia.

The Company will oversee the completion of four individual surveys covering a combined 9482.56-hectares. The survey blocks will be flown in a systematic low-level grid pattern at 150-meter line spacing. The properties are all prospective for vanadium-bearing massive titaniferous magnetite and the surveys will focus on known mineralized exposures mapped by previous operators with coincident magnetic anomalies identified in the Canada 200m Residual Total Magnetic Field dataset.1

The results from all of these surveys will be used in helping Delrey’s technical team plan a phase II work program which will include prospecting and rock sampling over the identified magnetic highs.

“The team is excited to have initiated geophysical surveys on its 100% wholly-owned BC vanadium projects. Delrey expects to receive the survey results within the coming weeks allowing the Company to revert back for its phase II work program which will be conducted in mid- to late-spring. The phase III work program on the properties will ideally take place during the summer months which will include diamond drilling over the highest priority targets,” commented Morgan Good, Delrey’s President and Chief Executive Officer.

About Blackie

Blackie is a 1213.2-hectare property 100% owned by Delrey located 96km south-southwest of Prince Rupert, British Columbia along tide-water. The property is centered on a large gabbroic body with estimated dimensions of 1.2km x 0.4km x 0.5km hosting iron-titanium-vanadium mineralization within massive titaniferous magnetite with historic bedrock samples assaying as high as 2.14% V205.1

About Porcher

Porcher is a 3122.16-hectare property 100% owned by Delrey located 38km south-southwest of Prince Rupert, British Columbia along tide-water. The property is centered on two north-south trending gabbroic dykes (5.2km x 1km and 4km x 0.6km) hosting iron-titanium-vanadium mineralization within massive titaniferous magnetite with historic concentrate grades assaying as high as 0.84% V205.1

About Star

Star is a 3646.8-hectare property 100% owned by Delrey located 27km south-southwest of Prince Rupert, British Columbia along tide-water. The Property is centered on a 5km x 7km magnetic high (Canada 200m Residual Total Magnetic Field) and is drained by up to 158ppm vanadium-in-silt (99th percentile), as identified in the British Columbia Geological Survey Regional Geochemical Survey (RGS) completed in 2000.1

About Peneece

Peneece is a 1500.4-hectare property 100% owned by Delrey located 68km east of Port Hardy, British Columbia along tide-water. The property is centered on a northwest-southeast trending 4.8km x 0.8km pyritic gabbroic complex hosting iron-titanium-vanadium mineralization within massive titaniferous magnetite with historic concentrate grades ranging from 0.29% to 0.59% V205 and up to 6.5g/t Ag, a precious metal not often found in appreciable quantities in these systems.1

Option Grant

The Company also pleased to announce that it has granted stock options (the “Options“) to certain consultants for the purchase of up to 100,000 Shares pursuant to the Company’s Stock Option Plan. The Options are exercisable for a period of five (5) years at an exercise price of $0.25 per Share and vest immediately.

About Delrey

Delrey is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties, specifically in the strategic energy metals space. The Company has an option to earn a 100% interest in the highly prospective Sunset property located in the Vancouver Mining Division near Pemberton, British Columbia. The Company has also recently purchased the Star, Porcher, Peneece and Blackie Fe-Ti-V properties located along tide-water in western British Columbia. Delrey will continue to review and acquire projects showing potential for materials used in the energy storage and electric vehicle markets. The Company is based in Vancouver, British Columbia, and is listed on the CSE under the symbol “DLRY”.

Qualified person

Scott Dorion, P.Geo., is the designated Qualified Person of the Company as defined by NI 43-101 and has reviewed and approved the technical information contained in this release.

ON BEHALF OF THE BOARD OF DIRECTORS OF

DELREY METALS CORP.

“Morgan Good”

Morgan Good
President and Chief Executive Officer

For more information regarding this news release, please contact:
Morgan Good, CEO and Director
T: 604-620-8904
E: info@delreymetals.com
W: www.delreymetals.com

1Historical information contained in this presentation cannot be relied upon as the Company’s QP, as defined under NI 43-101 has not prepared nor verified the historical information.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, constitute “forward-looking information” as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, but are not limited to, general business and economic uncertainties. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, which could result in delays, or cessation in planned work, that the Company’s financial condition and development plans change, delays in regulatory approval, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company’s expectations, as well as the other risks and uncertainties applicable to mineral exploration and development activities and to the Company as set forth in the Company’s Management’s Discussion and Analysis reports filed under the Company’s profile at www.sedar.com. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.

1Historical information contained in this news release cannot be relied upon as the Company’s Qualified Person, as defined under NI 43-101 has not prepared nor verified the historical information.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43647

Drone Delivery Canada Corp. Announces Closing of Bought-Deal Financing for Aggregate Gross Proceeds of $10,020,000

Toronto, Ontario–(Newsfile Corp. – March 25, 2019) – Further to its press releases dated March 6, 2019, Drone Delivery Canada Corp. (TSXV: FLT) (OTCQB: TAKOF) (the “Company”) is pleased to announce today that it has closed its previously announced bought-deal prospectus offering (the “Offering”) underwritten by GMP Securities L.P., Canaccord Genuity Corp. and Echelon Wealth Partners Inc. (collectively, the “Underwriters”), pursuant to which the Company issued an aggregate of 8,350,000 units (the “Units”) of the Company, at the purchase price of $1.20 per Unit (the “Issue Price”), for aggregate gross proceeds of $10,020,000. Each Unit consists of one common share in the capital of the Company (each a “Share”) and one-half of one Share purchase warrant of the Company (each whole such warrant a “Warrant”). Each Warrant entitles the holder to purchase one Share at a price of $1.50 until March 25, 2021. If the volume weighted average price of the Shares on the TSX Venture Exchange (the “TSXV”) is equal to or greater than $2.00 for a period of 10 consecutive trading days, then the Company may within ten business days accelerate the expiry date of the Warrants to the date that is 30 days following the date on which the Company issues notice to all the Warrant holders of the new expiry date. The Company will also issue a press release on the same date as it issues notice confirming the new expiry date of the Warrants. The TSXV has conditionally approved the listing of the Warrants, subject to standard listing conditions. The Warrants are expected to commence trading on or about March 28, 2019.

The Units were offered by way of a short form prospectus filed in all provinces of Canada. The Company intends to use the net proceeds from the Offering to expand its commercial operations plan in Canada and potentially internationally by introducing larger, heavier-lifting drones to its fleet. Management and consultants of the Company invested an aggregate of $1,260,000 pursuant to the Offering.

The Company has granted the Underwriters an over-allotment option to purchase up to an additional 1,252,500 Units at the Offering Price, exercisable in whole or in part, at any time on or prior to April 24, 2019. The Underwriters were paid a cash commission equal to 6% of the gross proceeds raised, and were issued an aggregate of 250,500 compensation option (“Compensation Options”), each Compensation Option entitling the holder to one Unit at the Issue Price until March 25, 2021.

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

About Drone Delivery Canada Corp.

Drone Delivery Canada Corp. is a drone technology company focused on the design, development and implementation of its proprietary logistics software platform utilizing drones. The Company’s platform will be used as Software as a Service (SaaS) for government and corporate organizations.

Tony Di Benedetto, Chief Executive Officer, Drone Delivery Canada Corp.
Email: tony@dronedeliverycanada.com

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

Notice Regarding Forward Looking Information

Certain information set forth in this news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, including the use of proceeds of the Offering. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, and dependence upon regulatory approvals (both in Canada and internationally). Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward looking information. The parties undertake no obligation to update forward-looking information except as otherwise may be required by applicable securities law.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43648