SEC Files Charges to Stop Fraudulent Misuse of Cancer-Fighting Investments to Fund Restaurant Businesses

Washington D.C.–(Newsfile Corp. – July 31, 2017) – The Securities and Exchange Commission today filed charges to stop an alleged ongoing fraud by a Massachusetts businessman misusing investments intended for the development of cancer diagnostic tests to instead pay personal expenses and fund his fiancée’s restaurant businesses. 

According to the SEC’s complaint, Patrick Muraca established two pharmaceutical development companies and raised nearly $1.2 million by representing to investors that their money would be used to develop products to detect cancer and other diseases.  The SEC has traced the flow of investor funds into Muraca’s personal bank account and alleges that at least $400,000 has been used to pay rent for the restaurants and fund other purchases by Muraca, including payments to a casino, automotive shop, and cigar shop. 

The SEC alleges that investors were never informed of the alternative uses of their investments in NanoMolecularDX LLC and MetaboRX LLC, including the fact that Muraca characterized the general character of the businesses as “Serving Food; Restaurant” in separate documents he has filed with the Commonwealth of Massachusetts to do business in the state.

The SEC today obtained a court order freezing the assets of Muraca and his companies.

“As alleged in our complaint, we’re intervening to protect investors because Muraca has veered from his stated intentions and has been using their money for purposes other than the fight against cancer and other diseases,” said Paul Levenson, Director of the SEC’s Boston Regional Office. 

In a parallel action, the U.S. Attorney’s Office for the Southern District of New York today announced criminal charges against Muraca.

The SEC’s complaint charges Muraca, NanoMolecularDX, and MetaboRX with violations of Section 17(a) of the Securities Act of 1933 and Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934.  The complaint seeks disgorgement of ill-gotten monetary gains plus interest and penalties.

The SEC’s case is being handled by Emily Holness, Rebecca Israel, Mark Albers, Marty Healey, and Amy Gwiazda of the SEC’s Boston office.  The SEC appreciates the assistance of the FBI and the U.S. Attorney’s Office for the Southern District of New York. 

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Metalla Closes Acquisition of Royalty and Streaming Portfolio from Coeur Mining

Vancouver, British Columbia–(Newsfile Corp. – July 31, 2017) – Metalla Royalty & Streaming Ltd. (CSE: MTA) (OTCQB: EXCFF) (FSE: X9CP) (“Metalla” or the “Company“) is pleased to announce that it has closed the transaction announced on June 12, 2017 in accordance with the Share and Asset Purchase Agreement (the “Agreement“) entered into with Coeur Mining, Inc. (“Coeur Mining“) and certain subsidiaries of Coeur Mining (collectively “Coeur“) dated June 9, 2017 (the “Transaction“). As part of the Transaction:

  • Metalla acquired a portfolio of three (3) royalties and one (1) stream (the “Coeur Portfolio“); and

  • Metalla issued to Coeur Mining a total of 14,546,597 common shares from its treasury and an unsecured convertible debenture in the principal amount of US$6,677,475.63 (the “Convertible Debenture“).

Brett Heath, President and CEO of Metalla commented, “This transaction represents a transformational growth step for Metalla. We have meaningfully increased our annual cash flow, increased our scale, while simultaneously adding geographic and counter-party diversification. This also positions Metalla to achieve its goal of paying a dividend in 2018”.

Transaction Highlights

  • Significant Cash Flow to Start Immediately: The Coeur Portfolio will provide immediate leverage to silver and gold prices. Two (2) out of the four (4) assets are currently in production with the third (3rd) planned for development by a major silver producer.

  • Counterparty Diversification: The Coeur Portfolio counterparties include Cobar Operations Pty Ltd., a wholly owned subsidiary of CBH Resources Limited, Pan American Silver Corp., Dynasty Metals & Mining Inc., and Regulus Resources Inc.

  • Asset Diversification: The Coeur Portfolio will give the Company exposure to assets in Australia, Argentina, Ecuador, and Chile.

  • Long-Term Optionality: Combination of significant near term cash flow and long life development assets.

  • New Major Shareholder: Coeur will join Metalla as its largest shareholder.

Metalla Post Closing Capital Structure

Post closing of the Transaction, Metalla now has approximately 73,098,480 common shares issued and outstanding, of which Coeur holds approximately 19.9%. Metalla also has the Convertible Debenture outstanding and held by Coeur in the principal amount of US$6,677,475.63. The Convertible Debenture will automatically convert into common shares of Metalla at future financings (at the future financing price) or asset acquisitions (at the acquisition price) to maintain Coeur’s 19.9% until the outstanding principal is either converted in full or otherwise repaid. The Convertible Debenture is unsecured and will bear interest at a rate of 5% per annum.

Corporate Update

Metalla also announces that it has granted incentive stock options to directors, officers and consultants of the Company for the right to purchase up to an aggregate of 1,900,000 common shares of the Company, exercisable at a price of $0.54 for a period of five years from the date of grant. The options were granted in accordance with the Company’s incentive stock option plan.

About Metalla

Metalla was created for the purpose of providing shareholders with leveraged precious metal exposure by acquiring royalties and streams. Our goal is to increase share value by accumulating a diversified portfolio of royalties and streams with attractive returns. Our strong foundation of current and future cash generating asset base, combined with an experienced team gives Metalla a path to become one of the leading gold and silver companies for the next commodities cycle.

For further information please visit our website at http://ift.tt/2udTF7r

ON BEHALF OF METALLA ROYALTY & STREAMING LTD.

“Brett Heath”
President & CEO, Director

CONTACT INFORMATION

Metalla Royalty & Streaming Ltd.
Brett Heath, President & CEO
Phone: 604-696-0741
Email: info@metallaroyalty.com
Website: http://ift.tt/2udTF7r

INVESTOR RELATIONS

Renmark Financial Communications Inc.
Barry Mire: bmire@renmarkfinancial.com
Tel: (416) 644-2020 or (514) 939-3989

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements and information include, but are not limited to, statements with respect to the Transaction, anticipated cash flows upon completion of the Transaction, payment of any dividends and proposed future transactions Metalla may undertake and their expected timing. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Metalla to control or predict, that may cause Metalla’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the requirement for regulatory approvals and third party consents, the impact of general business and economic conditions, the absence of control over the mining operations from which Metalla will purchase gold and receive royalties, including risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Metalla’s expectations; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. Metalla undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary and readers are advised not to place undue reliance on forward-looking statements or information.

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Defense Technologies Announces Filing for 15-Day Extension to Complete 10-K Audit Filing

Las Vegas, Nevada–(Newsfile Corp. – July 31, 2017) – Defense Technologies International Corp. (OTC Pink: DTII) (The Company), a developer of security technologies announces filing form 12b-25.

The Company with today’s date filed form 12b-25 for a 15-day extension for its 10-K filing.

The Company is in the process of completing its annual audit to April 30, 2017 and fully expect to file form 10-K within the given 15-day extension and to remain current with all SEC requirements.

The Company’s Business — The ‘Passive Security Scan’
The Company’s ‘Passive Security Scan’ is a unique “next generation” walk-through detector scanning unit. This patented and trademarked passive scanning system allows for detecting and identifying concealed threats such as guns, knives, etc. Unlike other scanners the public is more familiar with, the Passive Security Scan does NOT use X-rays to detect threats.

Serious health concerns have been raised over the repeated exposure to X-rays from the other scanning machines currently in use.  The Passive Security Scan technology is based on the ‘Earth Magnetic Fields’ has no emission whatsoever and is therefore extremely safe and harmless to the person passing through our portal.

Our Website: http://ift.tt/1ZQMiN7

Video of the Passive Security Scan Portal: https://youtu.be/nypDRF2xhlA

Forward-Looking Statements
This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Contact:
Defense Technologies International
Merrill W. Moses,
President & CEO
Phone: 800 520-9485

Email: dtii@defensetechnologiesintl.com

 

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ChroMedX Works Towards Third Version of Hemopalm Prototype Analyzer

Toronto, Ontario–(Newsfile Corp. – July 31, 2017) – ChroMedX Corp. (the “Company“) (CSE: CHX) (OTCQB: CHXIF) (FSE: EIY2), developer of the HemoPalm Handheld Blood Analyzer System, is pleased to provide an update on the refinement and testing of the Company’s HemoPalm System prototype.

The Company completed its first HemoPalm System prototype mid-May in collaboration with rapid-prototyping firm Agile Manufacturing Inc. ChroMedX has continued to refine the design and is now in the process of finalizing a third version that addresses key aspects of the size, durability and ergonomics of the device.

“This is a very involved and fast-paced part of the development process. Our third reiteration includes considerable refinements to the usability of the device. Not only will the size of the device decrease but we will increase durability by optimizing the internal layout of the device’s components — a process made much easier by the accessibility of rapid-prototyping,” said Ash Kaushal, President & CEO, ChroMedX Corp.

Prototype refinement is overseen by ChroMedX CEO & President Ash Kaushal. Rapid prototyping is managed in collaboration with Agile Manufacturing of Uxbridge, Ontario, Canada and ongoing refinement of components are managed internally and at the Company’s Shenzhen based development partner Hochuen Technologies Co.

US Trading

ChroMedX is pleased to announced that earlier this month the Company commenced trading on the OTCQB exchange under the symbol CHXIF. Complete trading details can be found on the OTC markets website www.otcmarkets.com.

Website

The Company is also pleased to announced the launch of a new website at www.ChroMedX.com. Investors and individuals interested in keeping abreast of latest news and updates can subscribe on the Home and News pages on the Company’s website or communicate on the website’s contact page.

About ChroMedX Corp.

ChroMedX Corp. is a medical technology company focused on the development of novel medical devices for in vitro diagnostics and point-of-care testing.  The devices are protected by the Company’s issued and pending patents, dealing with blood collection, analysis and plasma/serum processing.

The HemoPalm Handheld Blood Analyzer System is the only handheld blood analysis technology which combines Blood Gases & Electrolytes with full CO-oximetry.  Currently this combination is not available on any of the handheld analyzers on the market. Existing technologies require users to purchase a second device to carry out the CO-oximetry. The Company’s technology has the advantage of being able to offer a single handheld blood analyzer that provides all the required tests for Blood Gases & Electrolytes, with full CO-oximetry and bilirubin. Another competitive advantage of the HemoPalm system will be its ability to draw capillary blood directly from a pin-prick site into the cartridge, providing an alternative to arterial blood. Drawing arterial blood is painful and can cause nerve damage. CO-oximetry is the measurement of five different hemoglobin species in blood.

Website: www.chromedx.com

Contact:
Investor Relations
Office. 647-872-9982 ext. 2
TF. 1-844-247-6633 ext. 2
investor.relations@chromedx.com

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

Forward-looking Information Cautionary Statement

Except for statements of historic fact, 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” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law.   The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com.

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Lomiko to Retain 40% Ownership in Graphene ESD by Transferring 1,278,790 Graphene 3D Lab Shares to Graphene ESD

Vancouver, British Columbia–(Newsfile Corp. – July 31, 2017) – Lomiko Metals Inc. (TSXV: LMR) (OTCQB: LMRMF) (FSE: DH8B) (the “Company”) announces that it has agreed to repay the outstanding loan owed to Graphene ESD Corp. of $144,998.05 plus interest of 1% annually pursuant to the Promissory Note effective November 6, 2015. Lomiko Metals’ 100% owned subsidiary Lomiko Technologies has retained a 40% ownership of Graphene ESD. Lomiko Technologies has agreed to transfer 1,278,790 common shares of Graphene 3D Lab Inc. (“GGG”) held by the Company which are held in escrow and subject to release on August 8, 2017. GGG is a publicly traded company whose shares trade on the TSX-V.

“Developing High Density Energy Storage Capacity is vital to the Electric Vehicle Industry, the Energy Grid and has a bright future in a variety of mobile power applications.”, stated A. Paul Gill, CEO of Lomiko Metals.

When the transfer is completed, the outstanding debt of the Company to Graphene ESD will be extinguished. The Company discloses that Paul Gill is a director of both the Company and Graphene ESD and, as of today, resigned from the Board of Directors of Graphene 3D Lab.

The Company will apply to the TSX Venture Exchange for approval of the transaction.

Lomiko will retain a 40% holding in the private company Graphene ESD which has undertaken a Graphene Supercapacitor patent application with Stony Brook University. The SBU team lead by Dr. Samuilov discovered a novel method for assembly of high-voltage Supercapacitor units. The SBU team assembled and tested a 10 V Supercapacitor energy storage unit, thus proving feasibility of the high-voltage design. This development opens avenue for new low-cost energy storage products. Currently, GESD is working on scale-up of the technology and an in-field evaluation of the energy storage unit.

The Largest Manufacturers of Supercapacitors are Maxell Technologies, Elna America, AVX Corporation, Panasonic Electronic Components, Taiyo Yuden, NessCap Co Ltd., Nichison, United Chemi-con, Cornell Dublier Electronics, Cooper Bussman, Kemet, Rubycon and there are over 300 varieties of Supercapacitors in a growing market for these devices.

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Future Market for Supercapacitors from SNE Research

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Supercapacitors are promising energy storage devices. Due to their fast charge-discharge characteristics, low equivalent series resistance, long cycle life, wide operating temperatures, supercapacitors are finding application in transportation, industrial and grid energy storage. There is rapidly growing demand for capacitive energy storage systems with high power and energy densities. However, individual supercapacitor units have very low stand-off voltage, < 3 V. In order to increase the operation voltage to a practical level, > 3 V, the EDLCs are connected in series stacks. The EDLCs need to be interconnected and balanced with an electronic circuit, which results in a bulky and expensive energy storage system.

The GESD-SBU team demonstrated design and implementation of a sealed high-voltage EDLCs energy storage unit. The unit is internally balanced, there is no need for an external circuit. The electrode is very cost-effective nano-carbon composite either of a commercial carbon or of graphene platelets with carbon nanotubes. The nano-carbon electrode materials were used for deposition and assembly of a working prototype of an internally balanced high-voltage energy storage unit. The bench-top prototype unit, tested up to 10 V, exhibited good discharge characteristics and charge retention. This development enables new compact energy storage solutions for grid and vehicular applications.

About Graphene ESD

Graphene ESD is developing energy storage based on graphene platelets. High surface area and outstanding electrical conductivity of graphene enable devices with a unique combination of fast charge/discharge and large stored energy. Our devices utilize graphene platelets manufactured from high-quality natural graphite by a low-cost scalable process.‎ Graphene ESD is 40% owned by Lomiko Technologies Inc. a 100% owned subsidiary of Lomiko Metals (“Lomiko”) (TSXV: LMR) (OTCQB: LMRMF) (FSE: DH8B). e-mail: info@graphene-esd.com.

For more information on Lomiko Technologies and Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: info@lomiko.com.

In addition, the Company also announces that it will be proceeding with its 2nd tranche closing as originally announced by press release dated June 23, 2017. The Company closed a 1st tranche on July 5, 2017 and raised $548,507.48 and the Company will be proceeding with a 2nd tranche in the next few weeks.

For more information, review the website at www.lomiko.com, or contact A. Paul Gill at 604-729-5312 or by email at: info@lomiko.com.

ON BEHALF OF THE BOARD
LOMIKO METALS INC.

A. Paul Gill
Chief Executive Officer

We seek safe harbor.

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.

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SEC Files Fraud Charges Against Former Brokers Targeting Federal Retirees

Washington D.C.–(Newsfile Corp. – July 31, 2017) – The Securities and Exchange Commission today charged four former Atlanta-area brokers with fraudulently inducing federal employees to roll over holdings from their federal Thrift Savings Plan (TSP) retirement accounts into higher-fee, variable annuity products. 

The SEC’s enforcement action comes at a time when the agency has been focusing more specifically on brokers’ and advisers’ interactions with senior investors, and others investing for retirement, through the ReTIRE initiative of the agency’s national exam program and the work of the Broker-Dealer Task Force in its Enforcement Division.

The SEC’s complaint charges an entity called Federal Employee Benefits Counselors through which the brokers targeted federal employees nearing retirement with sizable funds invested in the TSP.  The complaint alleges that the brokers misled investors concerning significant details about the recommended variable annuity investment, including the associated fees and guaranteed investment returns. The brokers allegedly fostered the misleading impression that they were in some way affiliated with or approved by the federal government.  In some instances, investors were led to believe that their funds would be invested in a product that was offered, vetted, or specifically selected by the TSP.  According to the SEC’s complaint, the brokers sent investors incomplete or modified transaction forms as well as written materials they devised that obscured that the investment was a privately issued variable annuity with no connection to the TSP and would be processed through a private brokerage firm with which the brokers were associated. The brokers sold approximately 200 variable annuities with a total face value of approximately $40 million to federal employees, who used monies rolled over from their TSP accounts to fund their purchases. The brokers collectively earned approximately $1.7 million in commissions on these sales.

“As alleged in our complaint, these brokers were motivated by the prospects of higher commissions as they targeted federal employees age 59½ and over and intentionally obscured important details when recommending variable annuity purchases. They even allegedly excluded the words ‘variable annuity’ from some materials they shared with TSP account holders,” said Aaron W. Lipson, Associate Director of the SEC’s Atlanta Regional Office. 

The SEC today issued an investor alert stressing that the TSP will never contact federal employees asking them to provide sensitive personal information and does not authorize third parties to provide counseling or investment-related services. 

“Be skeptical if someone offers you an investment opportunity and claims to be affiliated with the federal government,” said Lori Schock, Director of the SEC’s Office of Investor Education and Advocacy.

The four former brokers charged in the SEC’s complaint are Christopher S. Laws, Jonathan D. Cooke, Danny S. Hood, and Brandon P. Long. The complaint charges them and Federal Employee Benefits Counselors with violating and aiding and abetting violations of some or all of the provisions of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Act of 1934, and Rule 10b-5. The SEC seeks disgorgement of ill-gotten gains plus interest and penalties and permanent injunctions.

The SEC’s Atlanta office conducted the investigation and will lead the litigation. The Broker-Dealer Task Force is led by Antonia Chion and Andrew M. Calamari.

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Golden Share Announces Acquisition of Ogoki Diamond Project, Updates for Berens River Project and Appointment of Interim CFO

Toronto, Ontario–(Newsfile Corp. – July 31, 2017) – Golden Share Resources Corporation (TSXV: GSH) (“Golden Share” or the “Company”) is pleased to announce that it has acquired the Ogoki Project though staking. The Ogoki Project is located approximately 200km southwest of the DeBeers’ Victor diamond mine in the James Bay Lowlands of Ontario. Eight non-contiguous claim blocks totaling 2,160 hectares were staked to cover 13 isolated circular magnetic highs interpreted as possible kimberlite pipe targets based on data (the “Data”) acquired from Keystone Associates Inc. (“Keystone”), a company owned by Golden Share’s President and CEO, Nick Zeng.

The Ogoki Project lies near the western margin of the Hudson Platform which comprises flat-lying Paleozoic sedimentary rocks unconformably overlying Precambrian plutonic and metamorphic basement rocks of the Superior Province. The Paleozoic sediments are overlain by thin Pleistocene till sheets in turn overlain by thin Holocene marine and beach deposits which are covered by small lakes and muskeg.

Ten of the magnetic targets form a distinct cluster or field along a 20 km long northwest trending axis, underlain by Paleozoic sedimentary rocks and similar in size and orientation to the Attawapiskat kimberlite field hosting the Victor diamond mine 200km to the northeast. Of the remaining three isolated kimberlite targets, one is underlain by Paleozoic sedimentary rocks and two are in areas of Precambrian bedrock immediately west of the margin of the Hudson Platform sediments. Nine of the magnetic targets have been covered by regional and detailed airborne magnetic surveys so to be considered drill ready, a few verification lines of ground magnetics over each target may be conducted prior to drilling. The remaining four magnetic targets require small confirmatory ground magnetometer surveys prior to drilling.

While staking the Ogoki Project claims, Golden Share also acquired the Kagiami Project through staking two additional small non-contiguous claim blocks comprising 96 and 240 hectares for their massive sulphide exploration potential based on VTEM and magnetic data (the “Data”) also acquired from Keystone.

Golden Share has granted Keystone a 1% net sales returns royalty and net smelter returns royalty (together, the “Royalty”) for all diamonds and other precious stones as well as for precious and base metals for both Ogoki and Kagiami projects as consideration for the Data. Keystone generated the Data through exploration work carried out between 2009 and early 2015. That work was completed before Mr. Zeng’s appointment as President and CEO of Golden Share on May 1, 2015.

The acquisition of the Data in consideration of the Royalty constitutes a “related party transaction” under Multilateral Instrument 61-101 — Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on exemptions from the formal valuation and minority approval requirements of MI 61-101 based on the fact that its securities are listed on the TSX Venture Exchange and that the fair market value of each of the Data and the Royalty is less than 25% of the Company’s market capitalization.

The acquisition of the Ogoki Post land package reflects Golden Share’s strategy of acquiring a diverse portfolio of prospective early stage exploration properties focussed in Ontario and through systematic exploration generating best potential value for the Company, shareholders and all stakeholders.

Updates about Berens River project

The Government of Ontario — OGS has contracted Geotech to fly a 17,734 km VTEM survey over the Sandy Lake and Favourable Lake greenstone belts in northwestern Ontario. The Favourable Lake survey area includes all of Golden Share Mining’s Berens River Project.

The Favourable Lake survey is to be flown at 035° at 200 m. Final products will include a standard electronic set of report, databases and map images. Maps will include 1:20,000 and 1:50,000 residual magnetic intensity contours with EM anomaly centers. The survey is to be completed by August 31, 2017. Final results are to be provided to the OGS by November 30, 2017. A public release will follow.

Golden Share is considering postponing its proposed Berens River project VTEM survey until it has reviewed the OGS survey results when released, probably in 2018. This review might involve a project-wide compilation with historical geological, geochemical, geophysical, drilling, mineral deposit and other exploration data. The results of this review would guild decision-making regarding future exploration on the Project.

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Wes Roberts, P. Eng., a Qualified Person under NI 43-101.

Golden Share also announces that Ms. Hua (Helen) Gao has tendered her resignation as CFO of the Corporation to pursue a business opportunity. The Company greatly appreciates her efforts and contributions and wishes her the best in her future endeavors. Demin (Fleming) Huang, CPA, CMA has been appointed as Interim CFO and Vice President, Corporate. Fleming has acted as Corporate Secretary and Financial Controller since May 1, 2015.

About Golden Share

Golden Share Resources Corporation is a junior natural resource company focusing on mineral exploration in the province of Ontario, Canada, a mineral rich and politically stable jurisdiction. More than just exploration. Golden Share’s participation of potential rail road to the Ring of Fire region located in northwestern Ontario provides tremendous potential for the Company. Golden Share also continues to advance an exciting opportunity related to vanadium based energy storage solutions.

WARNING: This News Release may contain forward-looking statements within the meaning of applicable securities laws, including but not limited to comments regarding the timing and content of up-coming work programs, geological interpretations etc. Forward-looking statements address future events and conditions and therefore involve inherent risks, uncertainties and assumptions. Actual results may differ materially from those currently anticipated in such statements. The Company relies upon litigation protection for 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 release.

For more information, please visit www.goldenshare.caa or contact:

Golden Share Resources Corporation
Nick Zeng, President & CEO
Tel: (905) 968-1199
E-mail: info@goldenshare.ca

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