Zedcor Energy Inc. Announces Financing Extension

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

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

Forward-Looking Statements and Information

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

About Zedcor Energy Inc.

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

For further information contact:

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

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


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

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

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

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

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

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

About Drone Delivery Canada Corp.

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

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

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

Notice Regarding Forward Looking Information

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

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

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

Affinity Metals Corp. Announces $200,000 Non-brokered Financing

Vancouver, British Columbia–(Newsfile Corp. – March 23, 2019) – Affinity Metals Corp. (TSXV: AFF) (“the Corporation”) today announced that it will be offering on a non-brokered private placement basis (“the Offering”) up to 2,000,000 units (“Units”) at a price of $0.10 per Unit for proceeds of $200,000 if the Offering is fully subscribed.

Each Unit consists of one common share of the Corporation (“Common Share”) and one half of one non-transferrable Common Share purchase warrant (“Warrant”). Each whole Warrant may be exercised for one additional Common Share at a price of $0.15 for a period of 12 months from the closing date of the Offering.

Insiders may participate in the offering. A finder’s fee of up to 8% in cash or shares may be paid to arm’s length finders in relation to this offering. Proceeds will be used for general operating purposes including mineral property acquisitions.

This private placement is subject to approval by the TSX Venture Exchange.

On behalf of the Board of Directors

For further information, please contact Robert Edwards, CEO and Director of Affinity Metals Corp. at redwards@affinity-metals.com.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43634

American Creek Resources Announces Closing of $160,000 Private Placement

Cardston, Alberta–(Newsfile Corp. – March 22, 2019) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) is pleased to announce that it has closed the previously announced non-brokered private placement.

A total of 3,200,000 Units were sold at a price of $0.05 per Unit for total gross proceeds of $160,000. Each Unit is comprised of one common share of the Corporation (“Common Share”) and one non-transferrable Common Share purchase warrant (“Warrant”). Each Warrant may be exercised for one additional Common Share at a price of $0.06 for a period of 24 months from the closing of the Offering.

The securities issued in this private placement are subject to a 4 month hold period.

Proceeds will be used for general operating purposes including settling current debt.

This private placement is subject to final approval by the TSX Venture Exchange.

About American Creek

American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia. Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: info@americancreek.com. Information relating to the Corporation is available on its website at www.americancreek.com

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43623

American Creek Resources Announces Increase to Non-Brokered Private Placement

Cardston, Alberta–(Newsfile Corp. – March 22, 2019) –  American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) is pleased to announce that due to demand, it has increased the size of its non-brokered private placement of units (“the Units”) to up to 3,200,000 Units for total gross proceeds of up to $160,000 (“the Offering”).

As disclosed in the Corporation’s news release dated February 12, 2019 the Units will be sold at a price of $0.05 per Unit. Each Unit will be comprised of one common share of the Corporation (“Common Share”) and one non-transferrable Common Share purchase warrant (“Warrant”). Each Warrant may be exercised for one additional Common Share at a price of $0.06 for a period of 24 months from the closing date of the Offering.

The securities will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation.

Proceeds will be used for general operating purposes including settling current debt.

This private placement is subject to approval by the TSX Venture Exchange.

About American Creek

American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia. Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: info@americancreek.com. Information relating to the Corporation is available on its website at www.americancreek.com

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43605

Scandium International Closes Private Placement Financing

Vancouver, British Columbia–(Newsfile Corp. – March 22, 2019) – Scandium International Mining Corp. (TSX: SCY) (“Scandium International” or the “Company”) is pleased to announce that it has closed a previously announced private placement of 5,926,301 shares at C$0.18 per share for gross proceeds of C$1,066,734. The primary investor was Rothschild Asset Management, but the equity placement also reflects a unanimous participation from the Company’s Board members. No commissions or fees were paid on the transaction.

The proceeds from the financing will be used for general working capital, and specifically for the advancement of the Company’s Nyngan Scandium Project in NSW, Australia.

All securities issued under the private placement will be subject to a Canadian hold period expiring four months after the closing date. The securities will also be subject to restrictions on resale under U.S. federal securities laws. Closing of the private placement is subject to stock exchange approval.

Eight directors of the Company participated in the private placement for an aggregate of 1,561,151 shares for aggregate proceeds of $281,007, representing 0.5% of the Company’s issued and outstanding common shares. Each director’s participation in the Private Placement constitutes a “related party transaction” within the meaning of 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 requirements and the minority shareholder requirements of MI 61-101 contained in Section 5.5(a) and Section 5.7(1)(a) on the basis that the fair market value of the transaction involving insiders was not more than 25% of the Company’s market capitalization.

For inquiries to Scandium International Mining Corp, please contact:

Edward Dickinson (CFO)
Tel: (775) 233-7328

George Putnam (CEO)
Tel: (925) 208-1775

Email: info@scandiummining.com

The securities offered have not and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws, and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43602

Black Iron Announces Private Placement Financing

Toronto, Ontario–(Newsfile Corp. – March 21, 2019) – Black Iron Inc. (TSX: BKI) (OTC Pink: BKIRF) (FSE: BIN) (“Black Iron” or the “Company”) announces it intends to complete a non-brokered private placement financing of up to 25,000,000 units of the Company (the “Units”) at a price of $0.06 per Unit for maximum gross proceeds of $1,500,000 (the “Offering”). Each Unit shall consist of one common share of the Company (each a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”) entitling the holder to acquire a Common Share at a price of $0.09 for a period of three years from the date of issuance. In the event that the Common Shares of the Company trade at $0.15 or higher on the Toronto Stock Exchange for a period of 10 consecutive days, the Company shall have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise the acceleration right.

The Company intends to use the net proceeds of the Offering to advance the Company’s Shymanivske project (the “Project”), including negotiations to secure essential land surface rights, to further discussions and negotiations on construction financing and for general working capital purposes. The Common Shares, Warrants and common shares underlying the Warrants will be subject to a four month and one day statutory hold period.

Closing of the Offering remains subject to receipt of all regulatory approvals, including the approval of the Toronto Stock Exchange. Closing of the Offering is anticipated to occur on or before March 29, 2019. In connection with the Offering, Black Iron may pay finder’s fees to eligible finders in accordance with the rules and policies of the Toronto Stock Exchange.

Black Iron also notes that benchmark 62% iron content ore continues to sell in the mid $80 per tonne range, which is well above the long-term $62 per tonne used in Black Iron’s PEA. The PEA estimates an after-tax unlevered IRR of 36% and NPV of US$1.7 billion using a 10% discount rate for a US$436 million investment to construct the initial 4Mtpa plant which is expected to produce ultra-high grade 68% iron content pellet feed. The strong economic returns expected to be generated by the Shymanivske Project reinforce the unique investment opportunity Black Iron presents by not having to build high-cost rail, powerlines or a port, as is required with the majority of other iron ore development projects globally. As noted in Black Iron’s press release dated May 2, 2018, highly regarded market analysis firm CRU recently ranked the Project at the lowest position on the business cost curve (i.e., normalized operating costs) and as the second-lowest capital intensity undeveloped pellet feed iron ore project globally.

About Black Iron

Black Iron is an iron ore exploration and development company, advancing its 100% owned Shymanivske project located in Kryvyi Rih, Ukraine. The Shymanivske project contains a NI 43-101 compliant resource estimated to be 646 Mt Measured and Indicated mineral resources, consisting of 355 Mt Measured mineral resources grading 31.6% total iron and 18.8% magnetic iron, and Indicated mineral resources of 290 Mt grading 31.1% total iron and 17.9% magnetic iron, using a cut-off grade of 10% magnetic iron. Additionally, the Shymanivske project contains 188 Mt of Inferred mineral resources grading 30.1% total iron and 18.4% magnetic iron. Full mineral resource details can be found in the NI 43-101 compliant technical report entitled “Preliminary Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit” effective November 21, 2017 (the “PEA”) under the Company’s profile on SEDAR at www.sedar.com. The Shymanivske project is surrounded by five other operating mines, including ArcelorMittal’s iron ore complex. Please visit the Company’s website at www.blackiron.com for more information.

The technical and scientific contents of this press release have been prepared under the supervision of and have been reviewed and approved by Matt Simpson, P.Eng., CEO of Black Iron, who is a Qualified Person as defined by NI 43-101.

Cautionary Statement

The PEA is preliminary in nature, and it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA will be realized.

For more information, please contact:

Black Iron Inc.,
Matt Simpson

Chief Executive Officer
Tel: +1 (416) 309-2138
info@blackiron.com

Forward-Looking Information

This press release contains forward-looking information. Forward-looking information is based on what management believes to be reasonable assumptions, opinions and estimates of the date such statements are made based on information available to them at that time, including those factors discussed in the section entitled ”Risk Factors” in the Company’s annual information form for the year ended December 31, 2018 or as may be identified in the Company’s public disclosure from time to time, as filed under the Company’s profile on SEDAR at www.sedar.com. Forward-looking information may include, but is not limited to, statements with respect to the Project, the Offering, the mineralization of the Project, the results of the PEA, the realization of the PEA, and future plans for the Company’s development. Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43593