Caribbean Resources Corporation Announces Results of Special Meeting of Shareholders

Toronto, Ontario–(Newsfile Corp. – March 31, 2016) – Caribbean Resources Corporation (TSXV: CRC) (the “Company”) is pleased to announce that the proposed consolidation (as previously announced on March 14, 2016) of the Company’s issued and outstanding common shares on the basis of one (1) new common share of the Company for two hundred and fifty thousand (250,000) existing common shares of the Company (the “Consolidation”), and the voluntary delisting of the Company’s common shares (the “Delisting”) from the TSX Venture Exchange (the “Exchange”) was approved by the Company’s shareholders at the special meeting of shareholders held on Thursday, March 31, 2016.

The Company has effected the Consolidation and Delisting and the common shares of the Company are expected to be delisted from the Exchange at the close of business on April 1, 2016.

About Caribbean Resources Corporation. (formerly Pacific Coal Resources Ltd.)

Caribbean Resources Corporation is a Canadian-based mining company engaged in the acquisition, exploration and production of coal and coal-related assets from properties located in Colombia. The Company’s common shares are listed on the TSX Venture Exchange and trade under the symbol “CRC“.

Forward-looking Cautionary Statements

This news release contains “forward-looking information”, which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Caribbean Resources Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and Caribbean Resources Corporation disclaim, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

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 news release.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Peter Volk, General Counsel and Secretary
Telephone: (416) 360-8725

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Ecuador Gold Announces Amendment of Outstanding Debentures and Closing of an Additional US$500,000 of Debentures

Toronto, Ontario–(Newsfile Corp. – March 31, 2016) – Ecuador Gold & Copper Corp. (TSXV: EGX) (the “Company“), is pleased to announce that, further to the Special Meeting of the Company’s shareholders held on March 4, 2016, a majority of the minority shareholders approved the amendment of the terms of all outstanding senior secured convertible debentures (the “Debentures“) (the “Debenture Amendments“), which have an aggregate principal amount of US$2,605,000, to extend the maturity date of the Debentures to December 31, 2016 in exchange for a new conversion price and increasing the principal amount of the Debentures by the amount of the accrued interest owing. The TSX Venture Exchange (the “TSXV“) then conditionally approved the Debenture Amendments continuing to bear interest at the same rate of 12% per year with a new aggregate principal amount of US$3,156,025 inclusive of the US$551,025 accrued interest owing, all maturing on December 31, 2016, convertible into units (the “Units“) comprised of one common share and one half common share purchase warrant (each whole warrant a “Warrant“) at a price per Unit of $0.20 of principal outstanding. Each Warrant then entitling the holder to acquire a common share at an exercise price of $0.20 per share for a period of 24 months from the date of issuance. Accordingly, the Company has completed the Debenture Amendments effective as of today’s date.

In addition, the Company also wishes to announce the completion of a non-brokered private placement offering of a further US$500,000 of senior secured convertible debentures (the “New Debentures“). Each New Debenture will bear interest of 12% per year with the principal amount and interest due and payable on the same extended maturity date of December 31, 2016 (the ”Maturity Date“) as described above for the other Debentures unless converted into Units prior to the Maturity Date at a conversion price of $0.20 per Unit. Neither the Debenture Amendments nor issuance of the New Debentures has resulted in the creation of a new control person.

The sale of the New Debentures was made to three of the major shareholders of the Company, including Aura International Services Ltd. (“Aura“), in reliance of certain prospectus exemptions. Aura presently owns 12,906,358 common shares of the Company, representing 50.2% ownership. Accordingly, Aura is a control person of the Company under applicable securities laws and is therefore also a related party to the Company. Consequently, the sale of New Debentures to Aura is a related party transaction, which was carried out under exemptions from the requirements of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). Likewise, the Debenture Amendments also constituted a related party transaction under MI 61-101, and such amendments were conditionally approved by the TSXV and were approved by the majority of the minority shareholders. For the Debenture Amendments, the Company has relied upon an exemption from formal valuation requirements under section 5.5(b) of MI 61-101 as described below in the context of the New Debenture offering.

Under the New Debenture offering, the Company is relying upon exemptions from both the formal valuation requirements and minority shareholder approval requirements of MI 61-101 under sections 5.5(b) and 5.7(1)(b) thereof, respectively. The Company is not aware of any valuation of the Company or its mineral properties. The Company is entitled to rely upon the exemption under section 5.5(b) because it is listed only on the TSX Venture Exchange and not one of the specified markets listed therein. The Company is entitled to rely on the exemption under section 5.7(1)(b) because the New Debenture offering is a distribution of securities for cash of not more than $2,500,000. Aura has acquired New Debentures in the principal amount of US$416,600 under the New Debenture offering and has already acquired prior Debentures having an aggregate principal amount of US$2,582,357 (including the accrued interest under the Debenture Amendments). If Aura were to convert all such New Debentures and prior Debentures as well as the Warrants contained in the Units together with all other common share purchase warrants of the Company held by Aura at the existing conversion prices prior to the New Conversion Price taking effect in the prior Debentures, and assuming that no other holders of convertible securities of the Company converted or exercised their securities, then Aura would hold approximately 42,820,955 common shares of the Company (assuming an exchange rate of C$1.33/USD) representing approximately 77.0% ownership.

The proceeds of the New Debenture offering are being used for the Company’s Condor Gold Project, in-country working capital in Ecuador, and as additional working capital of the Company. All securities issued under the New Debenture offering and Debenture Amendments will be subject to a statutory four-month hold period from the date of issuance. No finders fees were paid in connection with the New Debenture offering or Debenture Amendments.

About Ecuador Gold and Copper Corp.

Ecuador Gold and Copper Corp. is a Canadian exploration and mining company focused on its gold and copper mineral properties located in the Province of Zamora-Chinchipe in southern Ecuador. The Company has completed a Preliminary Economic Assessment of its Santa Barbara Gold and Copper Project dated May 29, 2015, and is currently listed on the TSX Venture Exchange under the symbol “EGX”. For additional information, please visit us at http://ift.tt/1zvvYqj.

For further information please contact:

Heye Daun
President, Chief Executive Officer and Director
Telephone: +1-604-687 2038 (Vancouver Office)
Email: hdaun@ecuadorgoldandcopper.com

Cautionary Note

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.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities laws.

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Los Andes Announces the Final Assay Results from the 2015-2016 Drill Program at the Vizcachitas Deposit

Vancouver, British Columbia–(Newsfile Corp. – March 31, 2016) – Los Andes Copper Ltd. (TSXV: LA) (“Los Andes”, or the “Company”) is very pleased to announce the final assay results from the current 2015-2016 diamond drill program. These demonstrate that the higher grades identified near surface extend below the historical drilling and supports the new geological model.

Cautionary Statement: All thicknesses from intersections from drill holes are down-hole drilled thicknesses. True widths cannot be determined from the information available.

Drill Hole V2015-08

The final assay results for the drill hole V2015-08 have been received. The results supports the new geological models showing the higher grades in the early diorite porphyry. Key intersects from the final hole include:

  • 502.0 m @ 0.631 % Cu, 209 ppm Mo and 1.3 g/t Ag from 130 m downhole

    Including:

    54.0 m @ 1.023 % Cu, 128 ppm Mo and 1.4 g/t Ag from 130 m downhole.

    396.3 m @ 0.566 % Cu, 233 ppm Mo and 1.2 g/t Ag from 235.8 m downhole.

This hole was drilled in the eastern part of the central core, 270 metres to the north of V2015-05. The aim of the hole was to show the depth extension of the mineralisation beneath the historical drill holes drilled in this area.

From a depth of 3.0 metres to a depth of 61.5 metres the hole intersected a post mineralisation dacite dyke. The drill hole then entered the andesite host rock that has been intruded by small tourmaline and hydrothermal breccias. The leached zone extended to 130.0 metres. From a depth of 130.0 metres, the drill hole intersected 502.0 metres @ 0.631 % Cu, 209 ppm Mo and 1.3 g/t Ag.

The upper part of drill hole was andesite host rock with strong stockwork and minor intervals of breccia with a post mineral dacite dyke from 184.0 metres to 198.8 metres. The mineralisation in this section was 54.0 metres @ 1.023 % Cu, 128 ppm Mo and 1.4 g/t Ag from 130.0 metres downhole depth and 37.0 metres @ 0.92 % Cu, 132 ppm Mo and 2.0 g/t Ag from a downhole depth of 198.8 metres. This high grade mineralisation is near surface and would be mined in the early years of any mine project.

At a depth of 235.8 metres the drill hole intersected the early diorite porphyry and intersected a total of 396.3 metres @ 0.566 % Cu, 233 ppm Mo and 1.2 g/t Ag. This intersection shows the importance identifying the early diorite porphyry and shows the good primary mineralisation in the central core of the project. From a depth of 632.0 metres to the end of drill hole at 725.5 metres the drill hole intersected tonalite porphyry which from 706.0 metres was cut by a hydrothermal breccia. The average grade over this section was 93.5 metres @ 0.362 % Cu, 566 ppm Mo, 0.7 g/t Ag and 0.511 % CuEq*. The substantially higher molybdenum values mean that the copper equivalent grade was 0.511 %.

This drill hole demonstrates the near surface higher grades in the supergene enriched andesite and the good grades that are associated with the early diorite porphyry. The drill hole confirmed the new geological model in this area demonstrating that the grades seen in the shorter historical drill holes extended to at least 700 metres below the surface.

Key intersections from drill hole V2015-08:

Hole
Number
Depth From
(m)
Depth To
(m)
Length (m) Cu % Mo
ppm
Ag g/t CuEq %
V2015-08 130.0 632.0 502.0 0.631 209 1.3 0.697
including 130.0 184.0 54.0 1.023 128 1.4 1.070
including 198.8 235.8 37.0 0.920 132 2.0 0.975
including 235.8 632.0 396.3 0.566 233 1.2 0.638
  632.0 725.5 93.5 0.362 566 0.7 0.511

 

* Copper equivalent grade has been calculated using the following expression: Cu Eq (%) = CuT (%) + 2.5 x Mo (%) + 110.55 x Ag (g/t), using the metal prices: $ 2.2 / lb. Cu, $5.5 / lb. Mo and $15.2 / Oz. Ag. All thicknesses from intersections from drill holes are down-hole drilled thicknesses. True widths cannot be determined from the information available.

2015/2016 Drilling Campaign

Background

Historical drilling has been carried out on the Vizcachitas project in campaigns in 1993, 1996/1997 and 2007/2008. However, the higher grade central core had only been drilled in in the 1990’s and with generally shallower drill holes, therefore not properly reflecting the potential of this core area.

The historical drilling was generally drilled through the supergene mineralisation and then then only a short distance in the primary mineralisation. This means that there are various drill holes, especially in the central core where the drill holes finished in grades above 0.5 % Cu or in geological units which indicate that the drill hole is still in the upper part of the system. To better understand the project, the Los Andes geologists re-logged all of the 146 drill holes located within the property. The re-logging was led by Gonzalo Saldias, a geologist well recognised in Chilean porphyry systems. This detailed review showed that the historical logging and geological model had not properly identified the importance of the higher grade early diorite porphyry and hydrothermal breccias.

The relogging showed that these higher grade geological units extend over a distance of 1,400 metres north-south and 700 metres east-west. The mapping shows that these breccias have grades increasing with depth and demonstrates the potential for higher grades below the current drilling. A first stage of this campaign has been drilled, with eight diamond drill holes.

A drill hole location plan and schematic geological plan is available on our website: http://ift.tt/1RAsLLW

The current drill hole program was designed to test this geological model and confirm the width and depth extent of the higher grade central core.

Highlights:

  • Relogging of the all the drill core identified the importance of the higher grade early diorite porphyry and hydrothermal breccias. The current drilling program has confirmed the new geological model.
  • The central higher grade core extends over an area of at least 1,400 metres north-south and 700 metres east-west.
  • The project is still open to the east, west, north and at depth.
  • The presence of silver mineralisation in the range of 0.8 g/t to 2 g/t is confirmed.
  • The drilling intersected long sequences of higher Cu grade mineralization with significant Mo and Ag credits:
V2015-01 64.0 m @ 0.601 % Cu, 258 ppm Mo, 1.2 g/t Ag from 322.0 m downhole
   
V2015-02 52.0 m @ 0.602 % Cu, 170 ppm Mo, 1.8 g/t Ag from 142.0 m downhole
     
V2015-03 39.1 m @ 0.743 % Cu, 145 ppm Mo, 1.9 g/t Ag from 44.1 m downhole
     
V2015-05 120.0 m @ 0.537 % Cu, 169 ppm Mo, 1.4 g/t Ag from 72.0 m downhole
     
V2015-05 52.1 m @ 0.812 % Cu, 190 ppm Mo, 2.0 g/t Ag from 492.2 m downhole
     
V2015-08 502.0 m @ 0.631 % Cu, 209 ppm Mo and 1.3 g/t Ag from 130 m downhole
     
    Including:
     
54.0 m @ 1.023 % Cu, 128 ppm Mo and 1.4 g/t Ag from 130 m downhole.
     
396.3 m @ 0.566 % Cu, 233 ppm Mo and 1.2 g/t Ag from 235.8 m downhole.

 

Drill Hole Location

A total of eight drill holes were drilled during the current drill program. Two drill holes were abandoned due to geological conditions.

The table below shows the updated coordinates for the holes drilled during the current campaign.

Hole
Number
Easting Northing Elev
(metres)
Azimuth
(degrees)
Dip
(degrees)
Final
Depth
(metres)
V2015-01 365,790.547 6,413,734.952 2,014.562 110 -65 476.35
V2015-02 365,785.491 6,413,377.461 1,993.479 290 -75 459.80
V2015-03 365,932.686 6,413,378.737 1,991.294 290 -75 535.00
V2015-04 365,681.589 6,413,878.480 2,039.558 110 -60 656.00
V2015-05 366,185.488 6,413,278.377 2,035.107 290 -60 638.00
V2015-06b 366,041.031 6,413,854.781 2,103.790 110 -75 67.00
V2015-07 366,238.793 6,413,137.243 2,022.044 290 -70 52.00
V2015-08 366,158.747 6,413,542.415 2,153.583 290 -75 725.50

 

All coordinates are in UTM WGS84. The updated drill hole coordinates resulted from a resurvey after completion of the drilling program.

A drill hole location plan is available on our website: http://ift.tt/1RAsLLW

Summary of Drill Holes

Drill Hole V2015-01

This hole was drilled in the northern part of the central core. The purpose of this hole was to support whether the high grade mineralisation associated with the diorite porphyry extended 200 metres to the west from the historical drill holes

The top of bedrock was located at 68.70 metres and the drill hole intersected the diorite porphyry with potassic alteration at a depth of 216 metres and continued within this unit to the end of the hole at 476 metres. The average grade with the diorite porphyry was 0.467 % Cu, 285 ppm Mo and 1.0 g/t Ag over a length of 260.40 metres, including 0.601 % Cu, 258 ppm Mo and 1.2 g/t Ag over a length of 64.00 metres.

The drill hole supported the continuity of the higher grade diorite porphyry to the west and demonstrated that the mineralisation is open at depth.

Hole
Number
Depth From
(m)
Depth To
(m)
Length (m) Cu % Mo
ppm
Ag g/t CuEq %
V2015-01 68.7 476.4 407.7 0.411 204 0.9 0.473
including 216.0 476.4 260.4 0.467 285 1.0 0.549
and 322.0 386.0 64.0 0.601 258 1.2 0.679

 

* Copper equivalent grade has been calculated using the following expression: Cu Eq (%) = CuT (%) + 2.5 x Mo (%) + 110.55 x Ag (g/t), using the metal prices: $ 2.2 / lb. Cu, $5.5 / lb. Mo and $15.2 / Oz. Ag. All thicknesses from intersections from drill holes are down-hole drilled thicknesses. True widths cannot be determined from the information available.

Drill Hole V2015-02

This hole was drilled on the western edge of central core. The aim of this hole was to drill to the west of the known mineralisation, seeking to intersect the lower grade granodiorite intrusive which defines the western limit of the project.

The drill hole did not intersect the granodiorite intrusive but drilled the andesite host rock with potassic alteration from a depth of 60.10 metres to a depth of 288.00 metres where it intersected a tonalite porphyry which continued to the end the hole at 459.80 metres.

Within the andesite, from a depth of 142.00 metres, the average grade was 0.60 % Cu, 170 ppm Mo and 1.84 g/t over 52.00 metres, associated with stronger alteration. The average grade for the whole drill hole was 0.35 % Cu, 107 ppm Mo and 1.0 g/t over a length of 399.65 metres.

While the drill hole did not reach the western limit of the project, it showed that the mineralised system extended further westward than the proposed model and demonstrated the core of the project has significant sections with grade of greater than 0.6 % Cu.

Hole
Number
Depth From
(m)
Depth To
(m)
Length (m) Cu % Mo
ppm
Ag g/t CuEq %
V2015-02 60.2 459.8 399.7 0.351 107 1.0 0.389
including 142.0 194.0 52.0 0.602 170 1.8 0.665
and 140.0 356.0 216.0 0.400 127 1.1 0.444

 

* Copper equivalent grade has been calculated using the following expression: Cu Eq (%) = CuT (%) + 2.5 x Mo (%) + 110.55 x Ag (g/t), using the metal prices: $ 2.2 / lb. Cu, $5.5 / lb. Mo and $15.2 / Oz. Ag. All thicknesses from intersections from drill holes are down-hole drilled thicknesses. True widths cannot be determined from the information available.

Drill Hole V2015-03

This hole was drilled in middle of central core, 140 metres to the east of V2015-02. The aim of the hole was to test the depth extension of the mineralisation identified in the shorter historical drill holes which finished in good mineralisation at a depth of approximately 200 metres.

The drill holes intersected andesitic bedrock with supergene mineralisation at a depth of 44.1 metres. The supergene mineralisation continued to approximately 80 metres and the grade over this sequence was 0.743 % Cu, 146 ppm Mo and 1.9 g/t Ag over 39.10 metres.

From a depth of 141.10 metres, the drill hole intersected a sequence of ingenious breccias, hydrothermal breccias and a diorite porphyry to a depth of 444.8 metres. The higher parts of the sequence are identified by the quartz sericite alteration and high pyrite to chalcopyrite ratio. With depth, the potassic alteration increases and the pyrite to chalcopyrite ratio decreases although never below 1:1. This would indicate the drill hole is still in the higher part of the porphyry system and there is potential for higher grades at depth. The grade over this sequence is 0.404 % Cu, 241 ppm Mo and 1.1 g/t Ag over a length of 303.7 metres.

At a depth of 444.80 metres the drill hole intersected an andesite with potassic alteration and is notable for the low copper grades and the higher molybdenum grade. The grades are 0.172 %Cu, 332 ppm Mo and 0.4 g/t Ag over a length of 90.20 metres. This andesitic sequence is interpreted as being the potassic central of the porphyry system.

Hole
Number
Depth From
(m)
Depth To
(m)
Length (m) Cu % Mo
ppm
Ag g/t CuEq %
V2015-03 44.1 444.8 400.7 0.436 235 1.2 0.508
including 44.1 83.2 39.1 0.743 145 1.9 0.800
including 83.2 141.1 54.9 0.420 277 1.3 0.503
including 141.1 444.8 303.7 0.404 241 1.1 0.476
  444.8 535.0 90.2 0.173 332 0.4 0.260

 

* Copper equivalent grade has been calculated using the following expression: Cu Eq (%) = CuT (%) + 2.5 x Mo (%) + 110.55 x Ag (g/t), using the metal prices: $ 2.2 / lb. Cu, $5.5 / lb. Mo and $15.2 / Oz. Ag. All thicknesses from intersections from drill holes are down-hole drilled thicknesses. True widths cannot be determined from the information available.

Drill Hole V2015-04

This hole was drilled in the northern extent of the central core, 180 metres to the north-west of drill hole V2015-01, to test the northern extension of the mineralisation identified in the first drill hole.

The drill hole intersected the diorite intrusive bedrock at a depth of 64.90 metres and continued in the same type of rock to a depth of 656.00 metres, except for a short 15 metres sequence of tonalite porphyry. A leached cap extended from 64.9 metres to 186.0 metres.

From a depth of 186.0 metres to a depth of 656.0 metres, a length of 470.0 metres, the average grade was 0.350 % Cu and 152 ppm Mo with 0.8 g/t Ag. This included 44.0 metres with an average grade of 0.448 % Cu, 96 ppm Mo and 1.1 g/t Ag.

While this hole did not intersect the higher grade diorite porphyry identified in historical drill hole V-39, it has shown that moderate grade mineralisation extends further north than previously demonstrated in the 2014 block model. The grades in this hole are generally higher than those reflected in the 2014 block model and the mineralisation is still open at depth.

Hole
Number
Depth From
(m)
Depth To
(m)
Length (m) Cu % Mo
ppm
Ag g/t CuEq %
V2015-04 186.0 656.0 470.0 0.350 152 0.8 0.397
including 250.0 294.0 44.0 0.448 96 1.1 0.484
including 582.0 621.7 39.7 0.509 228 1.0 0.576

 

* Copper equivalent grade has been calculated using the following expression: Cu Eq (%) = CuT (%) + 2.5 x Mo (%) + 110.55 x Ag (g/t), using the metal prices: $ 2.2 / lb. Cu, $5.5 / lb. Mo and $15.2 / Oz. Ag. All thicknesses from intersections from drill holes are down-hole drilled thicknesses. True widths cannot be determined from the information available.

Drill Hole V2015-05

This hole was drilled in the eastern part of the central core, 280 metres to the south-east of V2015-03. The purpose of this hole was to support the northern extension of the hydrothermal breccias identified in the re-logging of the historical drill holes to the south.

The top of bedrock was located at 36 metres with the drill hole intersecting a sequence of andesitic host rock, cut by diorite porphyry and hydrothermal breccias. The leached zone extended to a depth of 72 metres before entering the supergene mineralisation. From 72.0 metres to a depth of 192.0 metres, a length of 120.0 metres, the average grade was 0.537% Cu, 169 ppm Mo and 1.4 g/t Ag.

The drill hole intersected a hydrothermal breccia from 492.2 metres to 544.3 metres, a total length of 52.1 metres, with an average grade of 0.812 % Cu, 190 ppm Mo and 2.0 g/t Ag. This confirms the extension of the higher grade breccias from the south.

Hole
Number
Depth From
(m)
Depth To
(m)
Length (m) Cu % Mo
ppm
Ag g/t CuEq %
V2015-05 72.0 638.0 566.0 0.425 216 1.2 0.492
including 72.0 192.0 120.0 0.537 169 1.4 0.595
including 492.2 544.3 52.1 0.812 190 2.0 0.882

 

* Copper equivalent grade has been calculated using the following expression: Cu Eq (%) = CuT (%) + 2.5 x Mo (%) + 110.55 x Ag (g/t), using the metal prices: $ 2.2 / lb. Cu, $5.5 / lb. Mo and $15.2 / Oz. Ag. All thicknesses from intersections from drill holes are down-hole drilled thicknesses. True widths cannot be determined from the information available.

Drill Hole V2015-06

This hole was drilled in the north east extent of the central core, 270 metres to the north-east of drill hole V2015-01, between two outcropping late stage diatremes. The new geological model indicates the potential for porphyry style mineralisation in this area. If proven this would open up a large area within the 2014 block model that is currently identified as waste rock.

The drill hole intersected a post mineral dacite dyke at a depth of 3.0 metres and was stopped at a depth of 67 metres. The drill hole has not been assayed.

Drill Hole V2015-07

This hole was drilled to 150 metres south of drill hole V2015-05 to test central core of the project area.

The drill hole could not pass through the gravels and was abandoned at a depth of 52.00 metres.

Drill Hole V2015-08

Please refer to first section of this News Release.

QA/QC

Quality assurance and quality control procedures include the systematic insertion of duplicate and standard samples in to the sample stream. Drill core samples were sawn in half, labelled, placed in sealed bags and were shipped directly to the preparatory laboratory of ALS Minerals in Coquimbo, Chile. All geochemical analyses were performed by ALS Minerals in Lima Peru. All samples were assayed using the method ME-MS61, a four-acid digestion with an ICP-MS finish. Copper samples with grades above 0.6 % Cu were reanalysed using ALS method Cu-OG62, a four-acid digestion with an AAS finish.

Mr. Amberg is the Qualified Person responsible for the preparation of this news release.

Team Credentials

Mr. Amberg is a geologist who is a graduate of the Royal School of Mines, London, has an MSc. from University College and is also a Chartered Geologist with the Geological Society of London. He has close to 30 years of diverse experience having worked in Asia, Africa and South America for both multinational and junior companies. He began his career in 1986 working with Anglo American in South Africa before moving on to an exploration position with Severin-Southern Sphere. In 1990 Mr. Amberg moved to Chile where he first worked with Bema Gold on the Refugio project before taking up a position with Rio Tinto. At Rio Tinto he was involved in exploration programs in the Atacama and Magallanes Regions and managed the Barreal Seco (now part of Las Cenizas) exploration program. In 1996 he joined Kazakhstan Minerals Corporation in Kazakhstan, setting up and managing offices for the drilling and resource estimation for JORC compliant feasibility studies on three large projects that are now operating mines. He became General Director for two joint ventures in KazMinCo where he managed all technical and local issues. In 2001 he returned to Chile where he started a geological consulting firm specialising in project evaluation and NI 43-101 technical reports. Mr. Amberg’s clients included Rio Tinto, Barrick, Codelco, Anglo American, Pan Pacific Copper and various junior mining companies. He joined Los Andes Copper in 2012 as Chief Geologist and is now also the President and Chief Executive Officer.

Mr. Amberg is a Qualified Person under NI 43-101.

Mr. Saldias is a geologist who is a graduate of Universidad Católica del Norte, Chile. He has over 35 years of experience working within Chile and internationally; mainly on copper porphyry, epithermal gold silver and iron-oxide copper gold systems. For the last seven years, he worked for Antofagasta Minerals evaluating copper porphyry projects within Chile, assessing their geological and economical potential. Prior to that he had worked for ten years with Placer Dome Latin America, generating and evaluating exploration projects within the region. Prior to Placer Dome, he worked for Codelco as head of exploration geology for the El Salvador Division, developing the prospective areas near to the mine. He also worked for Northern Resources, Homestake, Utah, Anaconda and as an independent consultant.

For more information please contact:

Antony J. Amberg, President & CEO
Tel: (56-22) 954-0450

Aurora Davidson, CFO
Tel: 604-697-6207

E-Mail: info@losandescopper.com or visit our website at: http://ift.tt/1RAsLLW

Certain of the information and statements contained herein that are not historical facts, constitute “forward-looking information” within the meaning of the Securities Act (British Columbia), Securities Act (Ontario) and the Securities Act (Alberta) (“Forward-Looking Information”). Forward-Looking Information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend”; statements that an event or result is “due” on or “may”, “will”, “should”, “could”, or might” occur or be achieved; and, other similar expressions. More specifically, Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such Forward-Looking Information; including, without limitation, the achievement and maintenance of planned production rates, the evolving legal and political policies of Chile, the volatility in the Chilean economy, military unrest or terrorist actions, metal and energy price fluctuations, favourable governmental relations, the availability of financing for activities when required and on acceptable terms, the estimation of mineral resources and reserves, current and future environmental and regulatory requirements, the availability and timely receipt of permits, approvals and licenses, industrial or environmental accidents, equipment breakdowns, availability of and competition for future acquisition opportunities, availability and cost of insurance, labour disputes, land claims, the inherent uncertainty of production and cost estimates, currency fluctuations, expectations and beliefs of management and other risks and uncertainties, including those described in Management’s Discussion and Analysis in the Company’s financial statements. Such Forward-Looking Information is based upon the Company’s assumptions regarding global and Chilean economic, political and market conditions and the price of metals and energy, and the Company’s production. Among the factors that have a direct bearing on the Company’s future results of operations and financial conditions are changes in project parameters as plans continue to be refined, a change in government policies, competition, currency fluctuations and restrictions and technological changes, among other things. Should one or more of any of the aforementioned risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the Forward-Looking Information. Accordingly, readers are advised not to place undue reliance on Forward-Looking Information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise Forward-Looking Information, whether as a result of new information, future events or otherwise.

Neither 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.

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IIROC Trade Halt – Newalta Corporation

Toronto, Ontario–(Newsfile Corp. – March 31, 2016) – The following issues have been halted by IIROC:

Company: 

Newalta Corporation

TSX Symbol:

NAL (all issues)

Reason:

Pending News

Halt Time (ET)

15:49

   

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 Halt – Connacher Oil and Gas Limited

Toronto, Ontario–(Newsfile Corp. – March 31, 2016) – The following issues have been halted by IIROC:

Company: 

Connacher Oil and Gas Limited

TSX Symbol:

CLC

Reason:

Pending News

Halt Time (ET)

14:33

   

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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SEC: Navistar International and Former CEO Misled Investors About Advanced Technology Engine

Washington, D.C.–(Newsfile Corp. – March 31, 2016) – The Securities and Exchange Commission today charged Navistar International Corp. with misleading investors about its development of an advanced technology truck engine that could be certified to meet U.S. emission standards.

Navistar, without admitting or denying the charges, has reached a settlement with the SEC and agreed to pay a $7.5 million penalty.  Separately, in a complaint filed in federal court in the Northern District of Illinois, the SEC charged former Navistar CEO Daniel C. Ustian with misleading investors and with aiding and abetting violations by Lisle, Illinois-based Navistar.

The SEC alleges that Navistar and Ustian failed to fully disclose the company’s difficulties obtaining Environmental Protection Agency (EPA) certification of a truck engine able to meet stricter EPA Clean Air Act standards that took effect in 2010.  Navistar and Ustian also are alleged to have repeatedly misled investors about Navistar’s development of the engine, which used exhaust-gas-recirculation (EGR) technology.  Navistar later abandoned the effort and adopted the selective catalytic reduction (SCR) technology used by its competitors.

“When public companies and top executives discuss important regulatory developments with investors, they must tell the whole truth,” said Andrew J. Ceresney, Director of the SEC’s Division of Enforcement. “Here, we allege that Navistar and its former CEO misled investors about their dealings with the EPA and the likely approval of its new emissions technology.”

David Glockner, Director of the SEC’s Chicago Regional Office added, “We allege that in 2011 and 2012, the EPA repeatedly raised serious concerns with Navistar about its applications to certify an engine using EGR technology and that top Navistar officials knew the company had not succeeded in developing a commercially viable engine that would meet EPA standards.  Navistar and its then-CEO misled investors about these difficulties in numerous SEC filings, press releases, and public conference calls, and today we seek to hold them accountable for that misconduct.”

According to the SEC’s order instituting a settled administrative proceeding against Navistar:

  • In early 2011, in an effort to reassure investors about its emissions control strategy, Navistar applied for certification of an engine it knew was not ready for production and sale even if the EPA certified it.  The EPA did not approve the application and by summer 2011, Navistar decided not to pursue it any longer.
  • In late 2011, Navistar began preparing another application for EPA certification.  Four days after a meeting in which the EPA staff told Navistar that the proposed engine did not appear to meet the certification requirements, Navistar filed its 2011 annual report on Form 10-K, which stated that it planned to apply to have the EPA certify the engine and that it believed the engine met EPA’s certification requirements.
  • After Navistar submitted a new application in early 2012, EPA staff raised  “several serious concerns” that it said would need to be resolved before it could approve the application.  Nevertheless, in a press release and filings in March 2012, Navistar characterized the application as a “milestone,” and in a conference call with analysts and investors, Ustian indicated that certification was proceeding in a typical timeframe and that Navistar could begin production on the engine in June 2012.
  • In May 2012, Navistar withdrew its January 2012 application and submitted a third one incorporating changes to lower emissions at the expense of fuel economy and other engine performance features.  In a June 4, 2012 meeting, EPA staff told Navistar that it had serious concerns about this application as well and the next day informed Navistar in writing that the engine as currently designed was “unlikely” to be certified.  Despite this, Navistar’s June 2012 quarterly filing and conference call suggested that Navistar was unaware of any concerns by the EPA regarding the May 2012 application – one of several misstatements in the filing and call regarding the application.
  • In July 2012, Navistar announced that it was withdrawing its application and would begin work on an engine using SCR technology.

The SEC’s investigation was conducted by Anne Graber Blazek, Amy Flaherty Hartman, Tim Stockwell, Will Saylor and Ann Tushaus, and was supervised by Robert J. Burson.  Eric Phillips and Jonathan Polish will lead the SEC’s litigation against Ustian.

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ACME Resources Corp. Amends Letter of Intent with Hantian Labs Limited in respect of a Qualifying Transaction

Toronto, Ontario–(Newsfile Corp. – March 31, 2016) – ACME Resources Corp. (TSXV: ACY.H) (“ACME“), a capital pool company trading on the NEX Exchange with symbol ACY.H, wishes to announce that it has amended its original letter of intent dated December 7, 2015, (the “LOI“), with Hantian Labs Limited, a private UK corporation (“Hantian” or “Hantian Labs“), for a business transaction that will result in a reverse take-over of ACME by Hantian, and the listing or trade of the shares of the resulting issuer (the “Resulting Issuer“) on the TSXV (the “Transaction“). The LOI was originally announced on December 11, 2015 with a First Amendment to the LOI being announced on January 29, 2016.

ACME and Hantian have agreed to extend the settlement of a Definitive Agreement until July 31, 2016 and the closing of the Transaction until October 31, 2016. As per the First Amendment, the LOI was to terminate in the event the parties failed to enter into a Definitive Agreement on or prior to March 31, 2016, unless a later date was otherwise mutually agreed to by the parties.

The Transaction is subject to TSX Venture Exchange (“TSXV“) approval and is intended to constitute the Qualifying Transaction of ACME as such term is defined in Policy 2.4 of the TSXV. It is intended that the Transaction shall be completed by way of a definitive merger, amalgamation or share exchange agreement, provided however that, by mutual agreement, the parties may revise the structure to comply with all necessary legal and regulatory requirements, to minimize or eliminate any adverse tax consequences or to increase cost effectiveness. The Transaction is intended to result in a reverse take-over of ACME by Hantian’s shareholders. The Transaction will be an Arm’s Length Qualifying Transaction, as defined in the policies of the TSXV and, as such, it is not anticipated that the formal approval of the shareholders of ACME will be required.

ACME currently has 4,101,950 common shares issued and outstanding and 247,168 stock options outstanding. ACME’s common shares have been halted from trading and will remain halted until the documentation required by the TSXV for the proposed Transaction can be provided to the TSXV.

ACME RESOURCES CORP.                                        

Paul R. Ankcorn                              
Chief Executive Officer
                  
   
                 
Telephone: (416) 360-8006
                                     

HANTIAN LABS LIMITED

Christian Diesveld
Managing Director

Telephone:
(647) 938-6475

Completion of the Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and, if applicable pursuant to TSXV requirements, majority of the minority approval of the shareholders of ACME. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be 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. Trading in the securities of a capital pool company should be considered highly speculative.

The TSXV has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this 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.

This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the completion of the proposed Transaction, the concurrent financing, and the anticipated business plan of ACME subsequent to completion of the Transaction. Although ACME believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct.

Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. ACME cautions investors that any forward-looking information provided by ACME are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to: ACME’s ability to complete the proposed Transaction; the state of the financial markets for ACME’s equity securities; the state of the market for bio-tech products or other products that may be produced generally by the resulting issuer in the event the Transaction is completed; recent market volatility; ACME’s ability to raise the necessary capital or to be fully able to implement its business strategies; and other risks and factors that ACME is unaware of at this time. The reader is referred to ACME‘s most recent annual and interim Management’s Discussion and Analysis for a more complete discussion of such risk factors and their potential effects, copies of which may be accessed through ACME’s page on SEDAR at www.sedar.com.

from Newsfile Corp News Releases http://ift.tt/1q6maCt