Micromem Completes Debenture

Toronto, Ontario & New York, New York–(Newsfile Corp. – December 31, 2015) – Micromem Technologies Inc. (CSE: MRM) (OTCQX: MMTIF) (“Micromem”) (“the Company”) announces the completion of a private placement of an unsecured convertible debenture (the “Convertible Debenture”). The proceeds from the sale of the Convertible Debentures were $100,000 USD, bearing an interest rate of one percent (1%) per month, calculated daily, and maturing on July 1, 2016. At any time prior to repayment, the outstanding principal and interest of the Convertible Debentures may be converted, at the option of the lender, into common shares of the Company at a price per common share of $0.30 US.

About Micromem and MASTInc
MASTInc is a wholly owned U.S.-based subsidiary of Micromem Technologies Inc., a publicly traded (OTCQX: MMTIF) (CSE: MRM) company. MASTInc analyzes specific industry sectors to create intelligent game-changing applications that address unmet market needs. By leveraging its expertise and experience with sophisticated magnetic sensor applications, MASTInc successfully powers the development and implementation of innovative solutions for oil & gas, utilities, automotive, healthcare, government, information technology, manufacturing, and other industries. Visit www.micromeminc.com www.mastinc.com.

Safe Harbor Statement
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company’s actual results to differ materially from those projected in such forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward looking statements include: our inability to obtain additional financing on acceptable terms; risk that our products and services will not gain widespread market acceptance; continued consumer adoption of digital technology; inability to compete with others who provide comparable products; the failure of our technology; the infringement of our technology with proprietary rights of third parties; inability to respond to consumer and technological demands; inability to replace significant customers; seasonal nature of our business; and other risks detailed in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. When used in this document, the words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential,” and similar expressions may be used to identify forward-looking statements.

The CSE or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release that has been prepared by management.

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Listing: NASD OTC-QX – Symbol: MMTIF
               C
SE – Symbol: MRM
Shares issued: 197,176,368
SEC File No: 0-26005
Investor Contact:
info@micromeminc.com; Tel. 416-364-2023
Subscribe to receive News Releases by Email on our website’s home page. www.micromeminc.com

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Data Deposit Box Announces First Closing of Private Placement of Proceeds of $375,000

Toronto, Canada–(Newsfile Corp. – December 31, 2015) – Data Deposit Box Inc. (CSE: DDB) (OTCQB: DDBXF) (FSE: 2DD) (the “Company”), a global provider of cloud backup and recovery technology, is pleased to announce that, further to its press release dated December 29, 2015, the Company has completed the first tranche (“First Tranche“) of a private placement (the “Offering“) for gross proceeds of $375,000 through the issuance of 1,875,000 Units, of which 125,000 Units have been subscribed for by Mr. Troy Cheeseman, a director, President and Chief Operating Officer of the Company. Each Unit consists of one common share in the capital of the Company (each, a “Common Share“) and one Common Share purchase warrant (each, a “Warrant“). Each Warrant shall entitle the holder thereof to purchase one Common Share at a price of CDN$0.30 per Common Share for a period of twelve (12) months from the date of issuance (the “Warrant Term“), provided, however, that should the closing price at which the Common Shares trade on the Canadian Securities Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) exceed $0.35 for 10 consecutive trading days at any time following the date that is four months and one day after the date of issuance, the Company may accelerate the Warrant Term (“Reduced Warrant Term“) such that the Warrants shall expire on the date which is 30 calendar days following the date a press release is issued by the Company announcing the Reduced Warrant Term. Gross proceeds raised from the Offering will be used for marketing, product development and general operating expenses.

The securities issued upon closing of the First Tranche are subject to a hold period until May 1, 2016, pursuant to applicable securities laws.

The participation by Mr. Cheeseman in the First Tranche constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). Such related party transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of securities being issued to the related party nor the consideration being paid by the related party will exceed 25% of the Company’s market capitalization. The participants in the First Tranche and the extent of such participation were not finalized until shortly prior to the completion of the First Tranche. Accordingly, it was not possible to publicly disclose details of the nature and extent of related party participation in the First Tranche pursuant to a material change report at least 21 days prior to the completion date.

About Data Deposit Box

Data Deposit Box, a pioneer of cloud backup and recovery technology, has set a new industry standard by providing the SMB market with the same level of security and protection that is available to large enterprises. Data Deposit Box patented backup technology, known for its Exabyte scalability, advanced data reduction capabilities and ease-of-use, has won prestigious industry awards and has been featured in many key industry publications.

Data Deposit Box technologies and solutions are currently used daily by over 200,000 customers, 1,000 resellers, 25 MSPs and private label partners for online backup and recovery, archiving, disaster readiness, secure file sharing and remote access.

Visit the Company’s website at: http://ift.tt/ICimAq

Investor Inquiries

W. Clark Kent
Corporate Development
Telephone: 647-519-2646
Email: ckent@currentmca.com

This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

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IIROC Trade Resumption – Lattice Biologics Ltd.

Vancouver, British Columbia–(Newsfile Corp. – December 31, 2015) – Trading resumes in:

Company:

Lattice Biologics Ltd.

TSX-V Symbol:

LBL

Resumption Time (ET):

08:00 January 4, 2016

 

 

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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Carube Closes Private Placement of Flow-Through Shares at $0.10 per Share

Ottawa, Ontario–(Newsfile Corp. – December 31, 2015) – Carube Copper Corp. (TSXV: CUC) (the “Company“) announced today that it has closed the calendar 2015 portion of the Flow Through Share Offering to existing shareholders as announced on December 8, 2015. The Company received a total of $42,500 in subscriptions and will therefore issue a total of 425,000 shares to subscribers. Each share will be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (the “Tax Act“). The balance of the flow-through share offering pertaining to 2016 and the Unit Offering is intended to be closed by January 8, 2016 pursuant to the conditional approval of the TSXV.

The proceeds from the Offering will be used for eligible exploration expenditures that qualify as “CEE” under the Tax Act and under applicable provincial regulations on the Company’s exploration properties in British Columbia and Quebec. The flow-through shares, will be subject to a hold period of four months and one day from today, pursuant to applicable Canadian securities laws. There are no fees payable with respect to the flow-through placement.

Contacts
Jeff Ackert, President and CEO • 1-613-839-3258 • jackert@carubecopper.com
Vern Rampton, Executive Vice-President of Corporate Development
1-613-839-3258 • vrampton@carubecopper.com
Alar Soever, Chairman • 1-705-682-9297 • asoever@carubecopper.com
Darrell Munro, Corporate Administration • 1-613-839-0474 • dmunro@carubecopper.com

– END PRESS RELEASE –

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

Carube Copper Corp. (TSXV: CUC) is a Canadian exploration company focused on the rapid exploration and development of precious metal and copper projects in Jamaica and Canada. Through a wholly owned Jamaican subsidiary, Carube owns a 40% beneficial interest (subject to a 2% NSR) in the Bellas Gate Project, which consists of two highly prospective copper-gold licenses covering 84 square kilometres of the Central Inlier. The Bellas Gate Project is the subject of a joint venture agreement with OZ Minerals Limited, an Australian copper-gold producer with a market capitalization of over $1B. OZ Minerals can earn a 70% interest (Carube 30%) in the Bellas Gate Project by spending $6.5M on exploration and can then increase its interest a further 10% by completing a feasibility study. OZ Minerals has flown airborne geophysics over 3 other Carube projects (4 wholly-owned licences, subject to 2% NSRs, and subsequently can invoke separate joint ventures on each project under similar terms to those applicable to the Bellas Gate Project. Carube also holds a 100% interest in three porphyry copper-gold-molybdenum properties in south-western British Columbia within the Tertiary-aged Cascade Magmatic Arc. Exploration continues on two of these projects, with the goal of joint venturing them to larger exploration and mining companies.

DISCLAIMER AND FORWARD-LOOKING STATEMENTS

This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information, Carube Copper Corp. provides no assurance that actual results will meet management’s expectations. Actual events, results, performance, prospects and opportunities may differ materially from those expressed herein. Factors that can cause results to differ materially are set out in the Company’s documents filed on the SEDAR website. Even though Carube Copper 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 it, as it may only apply to a disclosed time frame or not at all. Carube Copper disclaims any obligation to update or revise information in the future other than required by law.

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IIROC Trade Halt – American Vanadium Corp.

Vancouver, British Columbia–(Newsfile Corp. – December 31, 2015) – The following issues have been halted by IIROC:

Company: 

American Vanadium Corp.

TSX-V Symbol:

AVC

Reason:

At the Request of the Company Pending News

Halt Time (ET)

14:46

   

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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Sunset Cove Mining Announces Private Placement

Montreal, Quebec–(Newsfile Corp. – December 31, 2015) – Sunset Cove Mining (TSXV: SSM) (“Sunset Cove” or the “Company”) announces that on December 23, 2015 the Company was granted a Partial Revocation Order of the Cease Trade Order (CTO) by the BCSC . The original CTO was issued to the Company on August 6, 2015 for failure to file the Company’s audited financial statements.

Under the Partial Revocation order the Company has arranged a private placement of 85,312,996 common flow-through (the “Shares”) at a price of $0.005 per Share for an aggregate gross proceeds of $426,564.98 (the “Offering”).

The Company has engaged First Republic Capital Corp. as Agent of the Company for the private placement (the “Agent”). The Agent is entitled to receive: (i) a commission in the amount of 8% of the proceeds raised under this Offering, and (ii) 2% of the proceeds raised under this Offering as a corporate finance fee. The Agent will also receive warrants equal to 10% of the Shares issued. Each common share purchase warrant will entitle the Agent to be purchase one common share purchase warrant at the offering price for a period of 24 months (Agent’s Warrant”).

The Company as part of its negotiations with the Agent, has agreed to proceed with a consolidation of its shares at its next meeting of shareholders which is anticipated for some time in February 2016. The Company intends to file all of its outstanding continuous disclosure documents no later than January 15, 2016 at which time it will apply for the lifting of the cease-trade order.

The proceeds raised will be held in trust and used for exploration expenses, to repay the costs associated with bringing all continuous disclosure filings to date and professional fees related thereto, as well as basic corporate expenses. The private placement is subject to the approval of the TSX Venture Exchange.

Sunset Cove’s mission is to acquire and advance high potential mining prospects located in North America for the benefit of its shareholders. For more information visit the website at http://ift.tt/1rzzLyw.

FOR FURTHER INFORMATION:
Lorne Woods, President
1-877-234-0692

Forward-Looking Statement: Some statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Sunset Cove Mining. Actual results may differ materially from those currently anticipated in such statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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IFS Securities Names David Bouchey, Ph.D., Head of Healthcare Research

Atlanta, Georgia–(Newsfile Corp. – December 31, 2015) – IFS Securities (IFS) announces today the appointment of David Bouchey, Ph.D., as Head of Healthcare Research. In this role Dr. Bouchey will focus on Bio Pharmaceuticals.

He brings 15 years of research analyst experience in small, mid cap and large emerging therapeutics and medical device coverage to IFS.  Dr. Bouchey specializes in providing financial, business and clinical development services with expertise in identifying and evaluating emerging biotechnology and pharmaceutical companies. He has been recognized for his research analysis and financial modeling by both Institutional Investor Magazine and Starmine Analyst Ranking Service. 

“We are proud to have Dr. David Bouchey join our team. His knowledge and experience will be a valuable asset to IFS and our clients,” Alex McKenzie, President and CEO, said.

Dr. Bouchey obtained a B.S. in Microbiology and Pubic Health from Michigan State University; an M.S in Virology and an M.B.A in Finance and Monetary Economics from the University of Kentucky; and his Ph.D. in Cell and Molecular Biology from the University of Virginia.

IFS has two platforms, an independent advisor network that caters to retail clients throughout the U.S. and a capital markets division for institutional and corporate clients. 

About IFS Securities
IFS Securities, Inc., is a full-service independent broker-dealer that understands retail and wholesale advisory networks as well as global capital markets. IFS offers financial advisory; brokerage support; equity research; fixed income and equity trading; and investment banking services. Based in Atlanta, IFS Securities has 123 registered reps in 32 offices in 17 states and Puerto Rico and is a member of FINRA, MSRB and SIPC. For more information about IFS Securities, visit the website at http://ift.tt/1ziSbsq or call 404-382-5223.

Media Contact:
Juliann Kaiser
Kaiser Marketing Group
770-643-0615
jkaiser@kaisermarketinggroup.com

This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities by IFS Securities.

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