Elcora Resources Announces the Completion of the Processing Plant in Sri-Lanka

Halifax, Nova Scotia–(Newsfile Corp. – November 30, 2015) – Troy Grant, President and CEO of ELCORA RESOURCES CORP. (TSXV: ERA) (FSE: ELM), (the “Company” or “Elcora”), is pleased to announce that the company has completed the construction of its Ragedara Graphite Processing Plant in Sri Lanka, and has started processing the stockpiled graphite. Mr. Grant commented – “This is a significant milestone in Elcora’s development, and brings a very positive note towards cash flow.” “The processing facility will play an important role in Elcora’s continuing development and innovation strategies as the mill commences processing the current stockpile of graphite on site and expand as the mine increases production.”

Elcora has custom designed its processing technology targeting the high-grade Sri Lankan graphite. This technology minimizes the use of chemicals and result in no environmentally damaging products, by products or waste, which makes the plant very environmentally friendly and safe.

A team of seven fulltime employees are currently working at the mill. The mill can operate both in batch mode or process a continuous flow of material in a closed circuit mode. The current processing capacity is 2500 tonnes per year; with final product purity reaching over 99%. This capacity can be increased to 10,000 tonnes without significant further investment once the mining production increases. At the current processing speed, the stockpile of graphite will be processed in 2 months time.

The Company has also closed a non-brokered private placement financing (the “Private Placement”) by issuing 6,602,144 units (“Units”) at a price of $0.14 per Unit for aggregate gross proceeds of $924,300. Each Unit is comprised of one common share and one common share purchase warrant entitling the holder to purchase one additional common share of Elcora at an exercise price of $0.30 for a period of one year following the closing of the Private Placement. The Company won’t pay any finders’ fees in connection with the Private Placement.

All securities issued pursuant to the Private Placement will be subject to a statutory four-month hold period. The proceeds from the Private Placement will be used towards operations at Ragedara graphite mine in Sri Lanka and general corporate purposes.

The Company announces that it has granted 2,700,000 incentive stock options to directors and officers. The options are exercisable at a price of $0.21 per share for a term of five years expiring December 01 2020, all subject to the terms of the Company’s incentive stock option plan.

For further information please visit the company’s website at http://ift.tt/1Qe9hiL

For further information please contact: Troy Grant, Director, President and CEO, Elcora Resources Corp., T: 902 802-8847 F: 902 446-2001.

CAUTIONARY STATEMENT:

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock Exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain “forward-looking statements”. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Elcora, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Elcora’s expectations are exploration risks detailed herein and from time to time in the filings made by Elcora with securities regulators.

Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon.

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Avalon Provides Update on East Kemptville Project, Releases Fourth Annual Sustainability Report and Annual Filings

Toronto, Ontario–(Newsfile Corp. – November 30, 2015) – Avalon Rare Metals Inc. (TSX: AVL) (NYSE MKT: AVL) (“Avalon” or the “Company”) is pleased to provide an update on progress at its East Kemptville Tin-Indium Project, Nova Scotia, Canada, and announce the release of its fourth annual comprehensive Sustainability Report entitled Balancing Opportunities (the “2015 Sustainability Report”) along with the release of its 2015 annual filings. The 2015 Sustainability Report is available from the Company’s website at http://ift.tt/1XsViLr.

Update on East Kemptville Tin-Indium Project

The Company is continuing to work towards completing a Preliminary Economic Analysis (“PEA”) on the East Kemptville Project. While the Company had originally targeted having a PEA completed by the end of November, that timeline has proven to be unrealistic. The Company now plans to have a PEA completed in early calendar 2016 which will allow for the 2015 drilling data to be compiled and integrated into an updated resource estimate. It will also allow more time for completion of ongoing metallurgical testwork and finalization of the transfer of surface tenure at the site to Avalon.

The 2015 drilling program was completed on November 19, 2015, at a total of 4,514 metres in twenty two holes. Initial results from this drill program were released on November 3, 2015 (http://ift.tt/1jvhy4E). Assays are now pending for the remaining drill holes which tested the Duck Pond Zone and the Main Zone extension. The PEA will now incorporate all the new data generated from the 2015 work program including the results of preliminary environmental assessment work.

Before finalizing the PEA, the Company plans to evaluate a number of alternative development scenarios for the scale of the operation. One interesting possibility to be considered is to initiate production at a relatively small scale by utilizing the existing ore stockpiles on the site, before eventually re-starting mining operations at a larger scale. This scenario has the attraction of potentially realizing production and cash flow in the relative short term with a small initial capital investment in a mill and gravity circuit to produce tin concentrate. A detailed cost-benefit analysis of this scenario is presently being undertaken by the Company’s technical team.

Discussions continue towards reaching an agreement to transition full title to the property to Avalon. The parties now expect to be able to conclude an arrangement for transfer of surface tenure in Q1 of calendar 2016.

2015 Sustainability Report

The 2015 Sustainability Report was prepared in accordance with the Global Reporting Initiative (“GRI”) Version 4 guidelines for core reporting. In accordance with the guidance, the Company conducted a review of the 2014 detailed materiality assessment process identifying the topics that have the highest priority to the Company and its communities of interest. This report focuses on the social, environmental and economic issues that are most material to the Company. In response to comments from our readership, a more focused report has been prepared and formatted to facilitate easy access to the sections of the report of most interest to the reader. It also provides the detailed underlying data for those who wish to complete a more in-depth analysis and links to related corporate governance.

The 2015 Report also incorporates a self-assessment of Fiscal 2015 performance and sets targets for 2016 against the applicable Mining Association of Canada’s Toward Sustainable Mining indicators. In addition to safety performance, the report highlights many other positive accomplishments such as the risk management program, management system development and metallurgical improvements that contribute to improved environmental performance to name a few.

Don Bubar, President and CEO comments, “Avalon continues to integrate sustainability into all aspects of its business. Reporting on our sustainability successes and challenges keeps our stakeholders informed and ourselves accountable. We believe that there is significant potential for creating additional shareholder value through exceptional sustainability performance and we remain committed to doing our part to advocate for improved sustainability performance across the entire natural resource extraction sector.”

Annual Filings

The Company has also completed the filings of its Consolidated Financial Statements, Management’s Discussion and Analysis, and Annual Information Form with Canadian security regulators, as well as its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission for its fiscal year ended August 31, 2015. Copies of these filings are available on the Company’s website at http://ift.tt/1tFJFM9, through SEDAR at http://www.sedar.com or through EDGAR at http://www.sec.gov.

Consistent with prior years, the auditors’ report received from its independent public accounting firm on its audited financial statements for the fiscal year ended August 31, 2015, contained a going concern emphasis of matter. Disclosure of this going concern explanatory language is required by Section 610(b) of the NYSE MKT Company Guide.

Shareholders may request a printed copy of the Consolidated Financial Statements and/or the 2015 Sustainability Report by email to ir@avalonraremetals.com or by regular mail to Investor Relations, Avalon Rare Metals Inc., 130 Adelaide Street West, Suite 1901, Toronto, ON M5H 3P5.

For questions or feedback, please email the Company at ir@avalonraremetals.com, or phone Don Bubar, President & CEO, at 416-364-4938.

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

Cautionary Statement

This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the commencement and completion of its work programs, that the Company now plans to have a PEA completed in early calendar 2016 which will allow for the 2015 drilling data to be compiled and integrated into an updated resource estimate, that this will also allow more time for completion of ongoing metallurgical testwork and finalization of the transfer of surface tenure at the site to Avalon, that the PEA will now incorporate all the new data generated from the 2015 work program including the results of preliminary environmental assessment work and that the Company plans to evaluate a number of alternative development scenarios for the scale of the operation, that the parties now expect to be able to conclude an arrangement for transfer of surface tenure in Q1 of calendar 2016 . Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “potential”, “scheduled”, “anticipates”, “continues”, “expects” or “does not expect”, “is expected”, “scheduled”, “targeted”, “planned”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be” or “will not be” taken, reached or result, “will occur” or “be achieved”. Forward-looking 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 Avalon to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. Although Avalon has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to market conditions, the possibility of cost overruns or unanticipated costs and expenses, and unanticipated results from the work programs, as well as those risk factors set out in the Company’s current Annual Information Form, Management’s Discussion and Analysis and other disclosure documents available under the Company’s profile at www.SEDAR.com. 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. Such forward-looking statements have been provided for the purpose of assisting investors in understanding the Company’s plans and objectives and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking statements. Avalon does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws.

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IIROC Trade Halt – Sleep Country Canada Holdings Inc.

Toronto, Ontario–(Newsfile Corp. – November 30, 2015) – The following issues have been halted by IIROC:

Company: 

Sleep Country Canada Holdings Inc.

TSX Symbol:

ZZZ (all issues)

Reason:

Pending News

Halt Time (ET)

16:34

   

IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

– 30 –

For further information: IIROC Inquiries 1-877-442-4322 (Option 3) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.

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IIROC Trade Resumption – Palisades Ventures Inc.

Vancouver, British Columbia–(Newsfile Corp. – November 30, 2015) – Trading resumes in:

Company:

Palisades Ventures Inc. (formerly Uranium Standard Resources Ltd.)

TSX-V Symbol:

PSV (formerly USR)

Resumption Time (ET):

08:00 on Tuesday, December 1, 2015

 

 

IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

– 30 –

For further information: IIROC Inquiries 1-877-442-4322 (Option 3) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.

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Stratabound Announces Revocation of Cease-Trade Orders and Provides Updates

Calgary, Alberta–(Newsfile Corp. – November 30, 2015) – Stratabound Minerals Corp. (TSXV: SB) (“Stratabound” or “the Company”) is pleased to announce that effective November 27, 2015 the Alberta Securities Commission and the British Columbia Securities Commission have issued orders revoking their recent cease trade orders in respect to the securities of Stratabound. On September 15, 2015 the Company’s December 31, 2014 audited financial statements and MD&A were filed, along with the first and second quarter interim financial statements and associated MD&As. All other conditions required by the securities commissions for revocation of the cease-trade orders have been met. Application has been made to the TSX Venture Exchange for resumption of trading of the Company’s shares as a Tier 2 issuer.

The Company also announces the filing on SEDAR of its interim financial statements for the period ended September 30, 2015 together with the corresponding MD&A.

The Company is pleased to announce that it has entered into two loan agreements with its controlling shareholder, providing for loans totaling $250,000 to the Company for working capital and to complete the mine closure of the CNE site. The loans bear no interest, mature December 31, 2017 if not repaid sooner, and are secured by the CNE leases as well as the environmental bond that has been posted with the Province of New Brunswick.

The Company recently pleaded guilty to two environmental charges brought by Environment Canada: one under the Fisheries Act and one under the Metal Mining Effluent Regulations (MMER). The New Brunswick Provincial Court established fines against the Company totaling $75,000, of which $25,000 is payable January 29, 2016 and the remaining $50,000 is payable October 14, 2016. Silver Stream has advised that it will waive this condition to closing of the Silver Stream business combination announced on May 25, 2015. The parties will immediately proceed with closing.

Stan Stricker, CEO and Susan Stricker, Secretary Treasurer have resigned their positions with the Company after founding the Company in 1986 and leading its efforts for many years. The board of Stratabound would like to thank Stan and Susan Stricker for their contributions to both the Company and to the Province of New Brunswick. Stan was successful in raising millions of dollars of exploration funds that were used in the Province of New Brunswick over the years. Stan remains on the board of Stratabound. Michael Page has been appointed Interim CEO and will hold the position until the Silver Stream business combination is completed. Susan Stricker remains as CFO on an interim basis and will be resigning upon completion of the Silver Stream transaction. At that time, Terrence Byberg will be appointed the new CEO, Richard Meschke will be appointed as CFO and Margaret Kent will step into the positon of Chairman of the board of directors. The new board of Stratabound is proposed as Michael Page, FAusIMM; Terrence Byberg; Margaret Kent; Dr. Peter N. Calder, P. Eng.; and R. Michael Robb, P.E. Stan Stricker will remain as a technical advisor to the company and sit on the Company’s technical advisory committee.

Interim CEO Michael Page comments:

“The proposed merger and the recent revocations of the cease trade orders represent a major turning point for Stratabound and its shareholders. Stan and Susan Stricker have been instrumental in working with Silver Stream management to make these events happen. Stan has been the heart and soul of the Company, having established it 29 years ago with a vision to find and develop base metal mines. He has achieved what he set out to do, doing his best for shareholders, the Province of New Brunswick, and making proud his mentor, Professor Dick Hutchinson, one of the Canadian fathers of the VMS geological model. Sue has provided the financial and administrative direction for the Company. The Board of Stratabound and our proposed partner Silver Stream thank both Stan and Sue for all their contributions and untiring efforts, and look forward to their participation, advice and support of the Company’s future endeavors.”

For further information contact:

Michael Page, FAusIMM, Interim CEO
403-258-3630
info@stratabound.com
www.stratabound.com or www.stratabound.ca

Inquiries with respect to the Stratabound – Silver Stream transaction may be directed to:

Terry Byberg, President and CEO, Silver Stream Mining Corp.
702-818-1775
info@silverstreammining.com
http://ift.tt/1Nj7zXF 

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.

WARNING: the Company relies upon litigation protection for “forward looking” statements. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, failure to obtain regulatory or shareholder approval, failure of Silver Stream to close the proposed business combination, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

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Chelsea Announces Filing of Third Quarter 2015 Financial Statements and MD&A and Corporate Update

Calgary, Alberta–(Newsfile Corp. – November 30, 2015) – Chelsea Oil & Gas Ltd. (OTC Pink: COGLF) (“Chelsea” or the “Company”) announces that it has filed its unaudited interim condensed consolidated financial statements and accompanying notes for the three and nine month periods ended September 30, 2015 and 2014 and its related management’s discussion and analysis with applicable Canadian securities regulatory authorities.

Copies of each of these documents may be obtained through the Internet on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com.

Operational Update

During 2015, Chelsea has actively sourced new pools of capital to advance the Company’s operations. Potential fund raising options have included the issuance of equity or debt, farming out a portion of Chelsea’s 5.0 million acres of exploration lands, or selling down its interest in a portion of the Company’s 7 existing discoveries (6 oil, 1 gas).

The decline in global commodity prices and industry activity has made these efforts more challenging. Notwithstanding these headwinds, the Company is encouraged with the progress it has made to date. To the extent that one or more of these financing sources can be arranged, Chelsea will notify investors immediately.

About Chelsea Oil & Gas Ltd.

Chelsea Oil & Gas is an Australian focused exploration, development and production company with 5.0 million net acres of land onshore Australia. Chelsea has a portfolio of assets which include 6 existing oil and 1 gas discovery with independently evaluated reserves and significant resource potential in two emerging unconventional plays offsetting supermajors who have committed to invest up to $400 million in the next 3 years on immediately offsetting lands.

For further information contact:

Chelsea Oil & Gas Ltd.
+1 (403) 457 1959
info@chelseaoilandgas.com
http://ift.tt/1wKmaGe

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SEC Names Katherine Martin as Associate Director in the Office of International Affairs

Washington D.C.–(Newsfile Corp. – November 30, 2015) – The Securities and Exchange Commission today announced that Katherine K. Martin has been named Associate Director in its Office of International Affairs.

As Associate Director, Ms. Martin will oversee the development of the SEC’s policy on cross-border regulatory matters, including its participation in multilateral standard-setting bodies and its bilateral dialogues with foreign authorities.  Ms. Martin has served in various roles at the SEC for more than a decade, most recently as an Assistant Director in the Office of International Affairs and prior to that as a Senior Special Counsel in the Office of Clearance and Settlement in the Division of Trading and Markets.  She also has been an Assistant Chief Counsel in the Division of Economic and Risk Analysis and a Senior Counsel in the Office of International Affairs.

“Katherine is a thought leader on international regulatory issues and is a tremendous asset to the office,” said Paul A. Leder, Director of the SEC’s Office of International Affairs.  “Her extensive experience in securities regulation and international regulatory policy and her demonstrated ability to resolve complex issues will be invaluable to the office and the Commission in fulfilling our mission.”

Ms. Martin said, “It is an honor to have been named Associate Director.  I look forward to working with my talented and dedicated colleagues throughout the agency and with our foreign counterparts in this new capacity.”

Ms. Martin graduated magna cum laude with a bachelor’s degree from Syracuse University.  She received her J.D., magna cum laude, from the Syracuse University College of Law, where she was an executive editor of the Syracuse Law Review.  She began her legal career as an associate at Sullivan & Cromwell LLP.

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